Yes that is typical of landlords, what once was a povo idiots way to make money has now been hollowed out, look at interest rates, the landlord has brought a property thinking well thats all my cost and then interest rates go up and they want the tenant to pay for the increase, you rolled the dice you pay not the tenant
The tale of two people The landlord - at the end of the day I'm going to own this property and I'm going to be rich at the expence of the tenant The tenant - I'm wedged, I paid all this money to the landlord with nothing to show for it, I just needed a roof over my head
I have noted that interest rates have come down .25% recently so I'm sure that landlord will pass on the decrease to the tenants.
In the past whenever their is a decrease in interest rates the government is on to the banks to pass on the savings, but not a peep about the savings being passed on to the tenant.
Government controlled rent is need nation wide, there are good landlords out there, like Joannie who only wants to put a roof over peoples heads, but I feel they are few and far between
