The NZ Scum landlords have written a begging letter to National and ACT to bash the renters if National and ACT win next year…
Property Investors Federation claims to have plan to fix rental property crisis
The Property Investors Federation has launched a five point plan which it says will fix the rental property crisis.
…the lowest levels of hell are reserved for greedy landlords, all property managers and child molesters.
The Property Investors Federation must face intense and never ending hate now we see their malicious and spiteful plans to cripple renters.
To stave off an economic stampede as Covid broke out, the Government pumped billions into the banks who in turn used that to spark a speculative gold rush that will crucify renters once Adrian Orr has to raise mortgage rates.
Mortgage rates that the Megalandlord scum class will push straight onto their tenants!
The landlord class have a vast power over the renter class who have bugger all!
Surely an explosion of food inflation and oppressive rent hikes must be met with militancy!
A nationwide rent strike with clear instructions to the landlords to get the rent paid by Labour would terrify this nation of property speculators and their political handlers.
Burning down ghost houses should be next.
Previously renter militancy couldnât be collectively harvested to be effective but social media can do that and so much more!
The politicians, landlords and banks have rigged the game for themselves â if we enter a winter of discontent from greedy landlords raising rents, we should strike back on the place that hurts them most, their wallets and their precious assets!
The truth (like everything else in fucking NZ), is that the under regulated free market has been warped by the wealthy for their interests and all Labour attempt is bullshit tinkering on the sides rather than challenge the dominance of neoliberal theology.
We have allowed the commodification of houses to be a means to make wealth and people are chasing that with all the nuance of meth addicts in a P lab.
If Labour wanted actual solutions, these 3 would do it.
1 â FLOOD MARKET WITH MASS STATE HOUSING REBUILD: End the scum landlord subsidy of housing allowances end putting money into the pockets of unscrupulous motel owners by rapidly building 50 000 new state homes. Scum Landlords can do as they please because the level of desperation amongst renters gives them total power. Flooding the market with 50 000 new state houses would rob scum landlords of that desperation.
2 â STATE HOUSE FOR LIFE: Allow beneficiaries to stay in their state home for life so that they can create stable communities and that their desperation is never transported back to Landlords.
3 â DEPOSIT RESTRICTIONS: First time home buys should be required to have 10% deposit, but the more properties you own, the higher the deposit. The reason the speculators can out buy any first time home owner is because they can use their multiple properties to leverage more debt. If you are a property speculator, you need to turn up with a 70% deposit to counter the leverage multiple properties allows them.
If Labour want to actually solve the problem they have to regulate the market and re-set it so that speculation is punished while first home ownership and housing of the poor is championed.
For too long we have allowed the the rich to dictate the rules, if Labourâs kindness is to be meaningful, it needs to challenge that dynamic.
Unfortunately Labour are not looking for solutions, they are looking for the pretence of a solution to ease criticism from their Left.
Thatâs âneokindnessâ.
A rent strike would force Labour to do something more meaningful than tilting their head to one side and nodding sadly!
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Renters should throw them off buildings… give it time… National and Labour are engineering a civil conflict situation… it won’t happen overnight, but it will happen…
The problem, Martyn, is that Labour knows what it must do: you and many others have told them again and again. But Labour has no intention of doing it; Labour is now the alternative party of property-owners who vote Labour into government occasionally when they’re bored with National.
Labour has betrayed the class it once represented, and forfeited their vote. What is left but to renounce liberal democracy long captured by the middle, and join the ranks of nonvoting ramraiders?
tru dat john
This is the kind of shit that shows the moral bankruptcy of this so-called Labour government.
Don’t waste your anger on scum landlords, direct it at their government.
https://www.newsroom.co.nz/podcast-the-detail/being-in-debt-to-the-government
Couldn’t agree more regards scum landlords and Lanour’s neo-kindness. But Labour also currently administers a social houing system that requires Social Housing Providers such as Otautahi Community Housing Trust to charge some tenants a fixed rent of 25% of their income while insisting others pay 70% market rates, increasing at 5% per year due to mandated rent rises.
The Accommodation Supplement available through WINZ is capped and only covers a small percentage of the increase. Roughly $2 out of every $10 is recoverable. Leading to an ever decreasing income.
In this case, it’s hard to see where the neo-kindness stops and the slum landlord begins
good point ernie
Hopefully all the private landlords will sell off their rentals and that will leave renters at the mercy of the state and big business who seem a lot more efficient at neoliberalism judging how emergency housing is now at $1200 per room being cheerleader by the Greens, Labour and lefties as a better alternative.
It is also good that working NZer’s will not save via housing and instead spend their money in other ways and expect the state to supply them a cheap rental at retirement and not have any housing for their kids to inherit.
I am sure that the woke think this is a fair idea (for everyone to rent and be reliant on the mercy of the state) because if some nurse or police officer can give their kids a house to inherit it is outrageous that someone on a benefit can’t do the same!
Who wants to work anymore, you even get free food parcels and your own free food supermarkets (presumably staffed by minimum waged workers and the food supplied from one of NZ duopoly supermarkets). Show me the money for social bonds!!!!
I am sure that Kiwisaver which is not guaranteed, can be completely relied on to make sure that the next generation are not pensioners in poverty, (sarcasm) as financial markets are as safe as houses and don’t fall every 10 years.
I can think of 3 obvious consequences if private landlords sell their rentals
1. it is to a first home buyer so that is one less rental house needed
2. it is to another property investor so it will probably be available to rent again or a development of multiple units is built on the site so no cause for concern
3. an existing homeowner purchases the property so they could either keep their existing property to rent out or sell it to a first home buyer or property investor so still no cause for concern.
“Go ahead, make my day” was a comment from some TV program in my youth & your attempted threats of some rental armageddon are just dribble when you should be worried about what is to come with a worldwide recession
https://thedailyblog.co.nz/2022/05/02/is-aucklands-property-market-the-canary-in-the-market-coal-mine/
And we’d like to thank SNZ housing spokesmen for ‘landlords are cuddly NZ’
Good to see someone with sense here
Landlords are the lowest form of humanity.
Do you have one, Greb? If not, how do you know……
Had many and every one of them were selfish greedy pricks.
I have never experienced a “selfish greedy prick” landlord. What are you doing wrong? Perhaps you are just a tenant with a deluded sense of entitlement.
That you have never experienced what the vast majority of renter’s goes through thanks to property flipping just means that your loved experience is just an acception, notthe norm. There are no rental agreements lasting about 10 years. That’s not stable, that’s nimble đ
Oh Gary, you guys give yourselves away so easily. Just stop collecting houses and give the young a chance would you please.
it’s not just renters who are entitled but landlords and their scummy property agents are also fairly up themselves
once again the media gives space to the tired debunked arguments of the profiteers with no push back….
sorry guys just occured to me…
but
who elected the landlords lobby group?
who elected business spokesmen?
so why are their ‘views’ constantly sought and differed to
juz askin
You and I aren’t cut from the same cloth.
Among the recommendations are allowing landlords to charge 12 weeks bond. Even the cheapest rents would mean about $4-5000 that tenants will have to find before moving in. That will probably end up as debt to WINZ.
and you can forget getting most of your bond back..
excuses can always be found to withhold it…it’s part of the landlords income stream.
Yep, rent strikes and occupations of empty commercial and residential property will make âfear a factorâ for landlords. Taxpayersâoften renters themselvesâhave to subsidise multiple property owners mortgages, John Minto exposed the true horror of the numbersâŚ
Investor with 1-2 dwellings-223,051
Investor with 3-5 dwellings-264,366
Investor with 6-20 dwellings-96,107
Investor with 21-50 dwellings-11,944
Investor with over 50 dwellings-10,254
Source: Valocity
These bludgers are who NZ Labour are supporting, but be under no illusion, the natzos will support even more of them! The only answer is community and working class political organisation and action to force a state house mega build. Approaching half the country are now renting over priced dumps, something has to give and it should be landlords.
50 dwellings – They should have lost a lot of TAX FREE capital gain due to the pandemic but RBNZ and Jacinda pulled all levers to stop that from happening and instead reversed it. So, taking $300k TAX FREE capital gain per property if these parasites sold (which many did, they sold their shittest properties that would not pass the healthy homes rules to naive FHB’s). That gives them $300k x 50 = $15 million TAX FREE PROFIT in a single year. Not including the massive profits they have made from previous years of loose monetary policy keeping the ON TOP. If these bludgers did not sell then they upped their rents and made the tax payer pay if the tenant could not afford it. This whole thing is morally bankrupt and corrupt yet Labour supports it. What a twisted sick joke. Any MP that has more than one property either sells up or leaves parliament. We cannot allow this conflict of interest that is corrupting every one of them.
Ram raiders. You know what to do.
Meh, landlords are ultimately in control of their property and the harder you make it on them the more choosy they are going to get. Indeed, a lot of landlords can just as easily throw their tenants out (even if that takes months) and then stop renting altogether. After all, they’re all making vastly more money on capital gain on the house than from what get renting it out. And it’s not like renting out a property doesn’t come with all sorts of expenses (not to mention and unforeseen drama) that wouldn’t happen if you just did nothing with it.
Exactly what I’ve done with my properties – tenants are too much trouble
Exactly, Auckland is full of ghost houses. New Zealand needs a Squatters Law where a squatter can enter and live in a residential premise that has been vacant for more than 6 months and after continual occupation of say 2 years can claim squatters rights and become the registered owner. Then Domdave would have some incentive to either efficiently rent his property or get out of the “housing as home market” and move his speculative funds somewhere with actual risk.
Are they squatter friendly? Water, elec etc? Addresses would help pls?
New Zealand needs a Squatters Law where a squatter can enter and live in a residential premise that has been vacant for more than 6months and after continual occupation of say 2 years can claim squatters rights and become the registered owner. Then Domdave would have some incentive to either efficiently rent his property or get out of the “housing as home market” and move his speculative funds somewhere with some actual risk attached.
so subdave, easy answer, confiscation and nationalisation of empty properties and landbanks…
It just shows what a 3rd World country NZ is? With only a small population of only 5 Million people, there should be no one unhoused or any Homelessness in this Country? Both National & Labour are responsible for this shameful lack of care for Kiwi Citizens? The Commodification of Housing from being a fundamental human right to now just another speculative asset class for a small group of greedy people to profit from is reprehensible! As your photo shows, these Speculators are parasites & tapeworms, scum of the Earth! I heartily agree with all your suggestions Martyn!
Quoted from above..
âŚthe lowest levels of hell are reserved for greedy landlords, all property managers and child molesters.
And don’t forget about 2nd hand car salesmen, the lowest of the low,
Agree with all 3 Martyn. Except 100K state houses as 50K wont be enough.
There are approx 600,000 rental houses in NZ with no more than 510,000 owned by the private sector. When you run the maths using the lowest range number according to Tiger Mountain investors own over 2.35mil properties! Solving the housing problem starts with education, not comments by muppets. If you want less of something you tax it, if you want more of something you subsidise it. The only way to bring rents down are to have surplus rental houses in the market. All Governments need to focus on maximising the supply. Unfortunately they are learning its bloody expensive to source the land, and build houses. Even banks are now running scared!
As an active âgreedy scum landlordâ as you so eloquently categorise anyone that chooses to rent out a property, please feel free to stop paying rent, throw us off buildings if that makes you happy.
Youâre welcome to move into social housing, stay on a benefit and accept crumbs from the reigning government of the day.
Iâm happy to sell up or burn down and move to another country and enjoy my other savings accumulated from my years of working at A JOB.
Having to deal with someone with thoughts like these would be my worst nightmare.
Hello Oz or Fiji.
Last one out, turn off the lights.
As an active âscum landlordâ please feel free to move out, stop paying rent, move into social housing on your taxpayer funded benefit. Accept the crumbs from the government of the day for the rest of your sad little life.
Iâm equally happy to sell up or burn down and take the additional savings Iâve made from working at A JOB and leave this sad little nation if all renters were as feral as this.
Hello Fiji or Oz.
Who needs to struggle paying all the extra rates, insurance, mortgage, R&M; trying to make ends meet to provide some family & their pets with a roof over their heads if they then decide to call you a scum landlord.
Fortunately the tenants I have are not like you.
Your sense of entitlement to a taxpayer subsidised home is absolutely astonishing.
Save up & buy a roof over your head yourself- a tent, caravan?
Victim mentality 101
Hi Martyn. More than happy to discuss our plan over a coffee with you. Regards, Andrew King, President NZPIF.