After promising us that house prices were ‘slowing’ (not reducing, not stopping, not deflating. but ‘slowing’) Auckland landlords are now threatening many tenants with huge rent increases.
Many renters in Auckland are barely able to make ends meet right now and rent hikes when wages are flat are the last thing Auckland’s over heated housing market needs.
Many Aucklander’s are going to be in trouble this year while landlords reap the reward of an unregulated property bubble pushed by National to keep the GDP prices inflated.
The entire city of Auckland has now been gentrified and the poorest amongst us are being forced out of the city they were born in.
Meanwhile the flight of cash out of China will fuel another surge in prices as Chinese investors rush to get their capital out of China and into global property.
Our neoliberal property market is the problem, the National Government and landlords reaping untaxed capital gains are the only winners.
Renters need rights and they need them now.
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.
Our social inequality demands solutions, renters rights and affordable housing is part of that solution. Privileged arseholes like the National Party and their land owning voters represent all that is wrong with the current free market failures.