https://www.newshub.co.nz/home/money...3l4V9x_nFouEQs
Rents go sky high to record levels - totally predictable but of course it's landlords' fault - nothing to do with the government shoving regulations and costs down the throat of landlords.
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https://www.newshub.co.nz/home/money...3l4V9x_nFouEQs
Rents go sky high to record levels - totally predictable but of course it's landlords' fault - nothing to do with the government shoving regulations and costs down the throat of landlords.
Are you a landlord? I'm just trying to work out if you talk from experience or 'what you have heard'.
I am a landlord and haven't found the regulations have added much in the way of costs.
But then, I don't have houses that need to be made livable - they always have been through sensible maintenance and upgrades.
Not to the extent that I would expect the tenants to pay it.
A mortgage is your choice, those without mortgages will still put rents up if they increase - it is about 'what the market will bear' rather than 'cost plus'.
When CGT was being discussed a few years back many landlords were saying that they'd just charge more rent to make up for the tax on their gain.
Many Landlords aren't steeped in rational thinking. On one hand, they say they are in it for the income then get grumpy if the gain (that they weren't 'interested' in) gets taxed.
They said the same about the Brightline test.
Also more risk now it is very difficult to terminate risky tenants.
Recent changes to regulations have added a huge amount of complexity and many new fines. I would expect to see more owners engage property managers, a cost of around 10% of rent plus margins and letting fees, both paid by landlords.
They do - they have a real 'F... you' attitude.
That is why I prefer to live here than there, I find that they are very selfish and American-like in many of their attitudes.
Adern got taken for a sucker when she thought that they were honorable and would do what they said.
Of course, their attitude is showing with the marches and their response to the Sydney lockdown resulting in the said lockdown being extended for another 4 weeks - more lockdown time than NZ. More fool them!