More and more of us are renting for longer – not by choice, but by necessity. In cities especially, more people are renting into their thirties, forties and beyond, sometimes raising children in rented flats with no long-term security.
Rents are sky high. Saving for a deposit can take a decade or longer. And for many people, property ownership seems unachievable.
But what if we could do something about it? Could rent controls be the answer? That’s the big question on the Weekly Economics Podcast today.
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Music this week is by Chris Zabriskie and Podington Bear.
Rent controls report: https://neweconomics.org/2019/07/rent-control
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