

The entry cost of the housing market is a greater driver of rent than vacant rental properties. The laws even encourage property owners to leave a property empty than lower the rent.
The entry cost of the housing market is a greater driver of rent than vacant rental properties. The laws even encourage property owners to leave a property empty than lower the rent.
Landlords hording property reduces the supply to people who want to buy. This shortage reduces the supply:demand ratio, which drives prices higher. Higher house prices informs the price of rent which is controlled by the people creating the shortage.
People aren’t suggesting to abolish investment property, they are simply saying we should remove the abuse investment.
What do you think drives the price of rentals? Not being able to afford to buy keeps people stuck in rental living where they can be price gouged. If the price of houses drops due to an oversupply, more renters will buy, which reduces demand for rentals, which will drive down the price of rent making it more affordable to rent.
I get it.
The actual offer is: “Starlink users will get free internet” but it’s been put forward as: “everyone gets free Starlink”
It’s the equivalent of corporations changing their Facebook profile picture to a rainbow. It basically costs then nothing, especially if affected areas have no electricity.