So, if it’s true that investors are selling but it’s also true...

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pintohoo

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05/02/24

01:52

Post #: 72232333
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Originally posted by MasterStrategist ↑

Socialism is a bit of a long bow, Grant, but more so, as I posted some months ago, that governments would react to the rental crisis by introducing dubious, knee jerk laws in the absence of anything concrete and costly, like mini- housing or a war footing push to create more public housing. As you point out, that is happening now, ostensibly with much, if not all the cost borne by the landlord. Indeed, some of the new laws would be wearable if the government were to pay for the intended and unintended consequences. Even to allow all tenants cart-blanch in the keeping of pets is a receipt for disaster, given potential noise disputes and the dreaded fleas. And of the latter, ask any property manager how many times he/she has gone to do a final inspection where the tenant had secretly harbored a dog or cat and they had been near eaten alive by fleas the moment they crossed the threshold - and the associated cost of rectification and delays in reletting, which sometimes exceeding the bond.

When a government is desperate, they often clutch at paper straws.

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So, if it’s true that investors are selling

but it’s also true that first home buyers aren’t buying

then, who is buying?

And if existing home owners are buying, then who is buying their property they are moving from?

Or are they becoming landlords?

I ask you because you may know.
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