Kimbers, as with most problems in this country, the problem has slowly built up because politicians of any hue have made electoral promises that have to be paid for with post dated cheques. Now – surprise, surprise – those post dated cheques are due and its difficult to pay them.
I’m confident that after a brief period of paraded bleeding stumps by councils/politicians – rents in the private sector will fall to match the cap.
That’s because private sector landlords will set their DHSS rents to the maximum they know they can get away with. If the cap is £500 a week, that’s what they’ll charge. If the cap falls to £400 a week, they’ll suddenly find they can live with that.
This is not a housing crisis: it is a crisis caused by politicians ignoring reality over the last 10 – 20 years.