The article discusses the implications of the current rent pressure zones (RPZ) set to expire, possibly to be replaced by a "reference rents" system. While existing tenants enjoy stability under RPZs, young and mobile renters who frequently relocate stand to suffer as the current structure fails to accommodate the two distinct phases of renting: staying in a tenancy and moving to a new one. The future of rent controls remains uncertain, indicating that stronger policy considerations are needed to protect the interests of transient renters.
"The current system of rent pressure zones (RPZ) expires at the end of the year, but a system of 'reference rents' may replace it."
"Many renters are young and mobile. They move around every few years. The problem with RPZs is that they don't account for the two stages of the renter's journey."
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