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And their profits are up through the roof - as I said the profit...

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nippy

12,426 Posts.

766

26/04/24

10:16

Post #: 73519167
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Originally posted by Tarvold: ↑

There too many financially Illiterate Australians who think they can just buy an investment property & become rich.
When interest rates went up even with the NG tax refund they couldn't make the repayments so they put up the rent irrespective of the market rate.

Not only individual 6private investors, Eureka are being criticised for jacking up their rents on pensioners forcing them into social housing.
https://www.abc.net.au/news/2024-04-26/eureka-villages-rent-rises-on-aged-pensioners/103735936p

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And their profits are up through the roof - as I said the profit motive and social housing do not fit together.

Your example proves it.
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