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You raise a valid point.
In reality, because of the rent controls, yield is relatively small so property isn't the cash cow that it is here and prices only fluctuate a bit over time.
It's not a perfect solution, I agree, but I'd rather have a relatively small number of professional landlords bound by strict laws in favour of the tenant than the amateur landlord shit show that we have in the UK.
You think? Would that not just benefit the super rich creating an even bigger divide?