Landlords are threatening to push up rents in reaction to Labour’s new rental sector tax policy change.
Andrew King, NZ Property Investors Federation executive officer, said there was no doubt rents would rise nationally if policy announced by Labour leader Andrew Little was introduced.
There is an easy solution to landlord’s threatening rent rises as a response to Labour cracking down on speculator tax loop holes – renter rights.
This is the new story that tells us everything we need to know about the drive to push rents up…
Barfoot and Thompson director Kiri Barfoot said they regularly reviewed rent prices.
They were in the business of pushing up rental prices for the landlords, Ms Barfoot said.
“Maybe we’re more proactive than someone who looks after [properties] themselves and just wants to get tenants in and doesn’t realise they can [increase rents].”
She said the 4.6 per cent increase in rent in the Auckland area was “modest”.
So Barfoot and Thompson are constantly hounding their clients and playing to their greed to artificially ramp up rent prices? The Free Market at it’s most pathologically ruthless.
We seem to have a system that only benefits those renting the property out. The ability to constantly push up rents due to desperation only entrenches the poverty of those locked into renting get caught on.
Our communities need diversity. State Housing and housing affordability for the poor needs to be seen as a civic obligation, not a slum lord pay day.
Families who can put down roots into their communities is essential for those communities to thrive, if the entire structure of the free market rental environment is built for property speculators, is it any wonder inequality is such a wound on our GDP?
Closing the tax loop holes that Labour are suggesting has been met with hostility by those abusing the current system and promises of higher rents, the response should be renters rights.
We require new law cementing in long term tenancies with rent controls and the promotion of ‘ethical landlords’, people who refuse to squeeze every last drop of money out of their tenants for needless greed.
Long term low rent accommodation is the solution, allowing the corporate greed monsters of Barfoot and Thompson to just graze on the fields of inequality while those with little get pushed to the fringes is not a solution.