But previously the argument has been that there is not much scope for landlords reducing rent - they only charge what they need to to pay the costs and make a return.
Now, it seems they do have scope to reduce rents because nasty HB is the thing making them charge higher rents.
So which is it.
Are landlords exploiting the HB system to make higher profits from excessive rents, or
Landords are charging those rents because it is what they need to cover their costs and make a living.
Which way are you arguing it today Jono?
Meanwhile - capping rents (using the scope within the level of rents being charged for lower rents to be charged) moves us away from benefit dependency, lowers benefit costs, and (within your own definition) readjusts the market by correcting the demand equation.