Link: https://www.bbc.com/news/articles/cly6826p8j8o

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Paul Martin says his only option is to "dismantle the cottages and render them unhabitable".

Well, no, Paul, another option is to sell them, which is the whole point of the legislation.

Before the legislation, it was more profitable to rent it out as a holiday home, so there was downwards pressure on the supply of housing. Now it's more profitable to sell it, creating upwards pressure on the supply of housing.

"But if you do that, house prices will tumble!" - Yes. Good. This is good for most people. Sell early while the prices are still too high for poor people to afford housing.

The only downside is some people getting trapped in negative equity, where they owe more money than their house is now worth, but there's little sign of significant drops in house prices.