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John Lewis defends plans to build 10,000 rental homes on its land
(www.theguardian.com)
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this post was submitted on 30 Jun 2023
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UK Politics
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General Discussion for politics in the UK.
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It's simple supply and demand. Even if John Lewis decides to charge high rent on these specific homes, the additional supply will reduce demand across the market, which means landlords will have to ask for less rent if they want to be able to fill their properties.
The more homes there are on the market, the lower rent/home prices will be.
Free markets aren't the answer to all the world's problems, but they can be part of the solution - as long as they're properly regulated.