The mom and pop landlords aren’t the problem. Corporate landlords who buy up fucking buttloads of housing are the problem.
Crack down on price fixing
Don’t let corporations run AirBNBs or similar
Don’t let corporations own any rental building under approximately 10 units.
Don’t let rental buildings have more than a low percentage of empty units for turn around. They have to lower the rent then. If it goes to $200/month, then so be it.
There are so many things to try, but Trickle Down Housing never works.
In Australia 72% of landlords own only one investment property. They fuck us over at every chance. It’s the same grift whoever plays it, they chase the highest market rates and pay the least expenses (I.e. neglect repairs, substandard maintenance, etc.)
The issue of landlords is not simply big companies buying them all up like Americans are starting to experience, it’s landlords in general being the issue.
A person who owns a house, wants to downsize but can’t get themselves to sell their childhood home isn’t the problem. A grandma who can’t keep up a 4 bed house and rents it out while moving to a one-bed serviced flat (opting to gift the 4 bed to one of the grandkids once they’re old enough) isn’t the problem. If anything, these people help with the housing scarcity by opting to live in accommodations more fit for their needs while making larger (or in some cases, smaller) properties available to those who can’t buy outright. I’d even argue that larger companies who manage 30-50 properties on behalf of a landlord aren’t the problem either, since most of those properties would be in private ownership anyway.
No, it’s the bit corporate landlords who don’t just manage but buy up properties like there’s no tomorrow, often entire neighbourhoods, just to be able to increase profits and force people out to make way for “rejuvenating” projects (usually shite quality flats with exuberant rents) are the issue.
The mom and pop landlords aren’t the problem. Corporate landlords who buy up fucking buttloads of housing are the problem.
There are so many things to try, but Trickle Down Housing never works.
In Australia 72% of landlords own only one investment property. They fuck us over at every chance. It’s the same grift whoever plays it, they chase the highest market rates and pay the least expenses (I.e. neglect repairs, substandard maintenance, etc.)
28% of your investment properties being more than one is a fuck ton.
It’s still the overwhelming minority.
The issue of landlords is not simply big companies buying them all up like Americans are starting to experience, it’s landlords in general being the issue.
I think the issue is many people don’t understand exactly how much renting fucks them because they’ve never owned a home.
They’ve never experienced paying the same month amount 10 years later while renters are paying twice to three times as much.
A person who owns a house, wants to downsize but can’t get themselves to sell their childhood home isn’t the problem. A grandma who can’t keep up a 4 bed house and rents it out while moving to a one-bed serviced flat (opting to gift the 4 bed to one of the grandkids once they’re old enough) isn’t the problem. If anything, these people help with the housing scarcity by opting to live in accommodations more fit for their needs while making larger (or in some cases, smaller) properties available to those who can’t buy outright. I’d even argue that larger companies who manage 30-50 properties on behalf of a landlord aren’t the problem either, since most of those properties would be in private ownership anyway.
No, it’s the bit corporate landlords who don’t just manage but buy up properties like there’s no tomorrow, often entire neighbourhoods, just to be able to increase profits and force people out to make way for “rejuvenating” projects (usually shite quality flats with exuberant rents) are the issue.