So… Reeves thinks taxing landlords using NI will make them sell up and release properties into the market which will drive down prices. What is more likely to happen though is that taxing landlords more = landlords immediately charge more rent = fewer people rent = more people buy houses = increased demand drives house prices up = landlords charge even more rent as their property is worth more now = landlords make more money than ever and renters get unbelievably screwed in a rental market that was already bleeding them dry. Reeves makes £2Bn though, so what’s a few more homeless families eh?
So… Reeves thinks taxing landlords using NI will make them sell up and release properties into the market which will drive down prices. What is more likely to happen though is that taxing landlords more = landlords immediately charge more rent = fewer people rent = more people buy houses = increased demand drives house prices up = landlords charge even more rent as their property is worth more now = landlords make more money than ever and renters get unbelievably screwed in a rental market that was already bleeding them dry. Reeves makes £2Bn though, so what’s a few more homeless families eh?