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Michael Josem of the Manx TaxPayers' Alliance explains why Jersey's consideration of rent control is a great opportunity for the people of the Isle of Man...
"The introduction of rent controls would be terrible for humans in Jersey who require homes – and may offer a boost to investment in the Isle of Man.
Short of dropping bombs, there's no better way to harm a housing market than ham-fisted efforts by meddling politicians to introduce rent control.
The fact that the Jersey Government appears to be seriously considering the introduction of rent controls is a sign that their politicians cannot be trusted. This represents a massive sovereign risk to investment in Jersey, and such dumb policies will likely benefit the people of the Isle of Man by redirecting investment from Jersey to the Isle of Man.
Pictured: "If you are looking to grow a business with humans, or grow a family with humans, then policies like this are a sign that you should move away from Jersey and come to the Isle of Man."
Humans require housing. If you are looking to grow a business with humans, or grow a family with humans, then policies like this are a sign that you should move away from Jersey and come to the Isle of Man.
It is difficult to imagine that Jersey will introduce such a bone-headed policy to harm its own people. But if Jersey does so, the Isle of Man and other jurisdictions have an opportunity to capitalise on such self-inflicted harm."
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