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nippy

10,786 Posts.

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29/05/23

09:29

Post #: 68008329
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Originally posted by kingpins: ↑

Hi J

There is one thing that has not been discussed here re renting and that is that there are a number of people who invested (say) $100 000 dollars to buy an investment home in the 90s and are now getting the equivalent of 70% return on their investment, are they guilty ofUrsury ?

Australian consumer credit protection laws are supposed to protect consumers from excessive profits

So an easy rent control method to bring in would be to control the profit the landlord is receiving
IE using their property costs to reduce the rent, so they receive 20% of that total

Note rents in general have only skyrocketed in the last five years, a problem that the government have not address even slightly

Naturally my easy solution which could be put in place tomorrow morning is to cancel migration instead of selling it to India and other countries for political gain

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You have not adjusted for inflation.
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