@B3463LM3wks3W
If landlords can’t afford to have the house, people won’t be able to even rent it in the first place. Stop raising interest rates so high and rent won’t increase, but renters don’t have to pay so many fees that home owners do, yet pay the equivalent and often under what a mortgage would be. So landlords should be able to increase rent as it is their property, if the renters don’t want to pay it, they can go elsewhere.
@B28FW342mos2MO
In Australia, one in five renters spends more than 30% of their income on rent, which is considered the threshold for housing stress. In some cities, like Sydney and Melbourne, that figure is even higher.
In controlling the cost of rent it de-incentivizes landholders to purchase more properties then necessary as it makes them a far less lucrative investment and may actually leas to more properties being put up for sale potentially bringing down excessive property prices
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