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clock Created with Sketch. 28/08/22
17:53
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Originally posted by JoeGambler:
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While some of the regulation is reasonable and essentially would only impact the worst landlords that have no desire to fix things as they break, there are also lots of other rules that reduce the rights of landlords to evict tenants, raise rents at their choosing, and recently that require regular inspections of every appliance. Its all reasonable on paper, yet every new rule and added cost reduces the attractiveness to invest in real estate and add long term supply to the market. This will drive up rents.
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it certainly is a very tricky issue with no easy answers.... and yes Govs are very reluctant to make a plan which might force developers to include social housing or even affordable housing. Hence Gov housing becomes increasingly expensive for Govs to invest in.
