On Tuesday Generation Rent published a paper by its Director, Dan Wilson Craw. He proves – to his own satisfaction at least – that the Law of Supply and Demand does not apply to the UK’s private rented sector. The paper is called “Do measures that discourage buy-to-let investment increase rents?”
He claims they don’t. He reckons that if a landlord increases the rent by less than inflation it’s not a real increase, even though it looks real to the tenant and the landlord. They can see it’s increased, but he pretends it hasn’t.
There are so many holes in the paper that it reminded me of the “report” by David Kingman, the man who takes credit for Section 24.