Private landlords exodus backfires on public housing

Far from being insulated from the ups and downs of the real estate market, social and emergency housing has become tethered to it - and is facing an entirely new crisis of its own.

Private landlords are selling off their properties at a record rate. Though the number of properties coming onto the market is helping to reduce house prices for buyers, the exodus of private landlords is not good news for Generation Rent. The mass sell-up, provoked by rising mortgage costs as well as imminent changes to the laws protecting tenants’ rig…