05-25-2022, 02:17 AM
(05-25-2022, 01:55 AM)Mav date Wrote:Young people also need rental opportunities and that generally requires investors to have 1 or more houses in addition to their own residence. Cut those investors out of the market and you have a rental crisis.Young people are being kicked out of properties for pretty much no good reason at the moment because the great migration is causing suburban rental rates to skyrocket.
We have many friends who are finding their kids forced to move back home after years of living independently, not always because they can't afford it but because they aren't even being considered at all. You can rennovate your rental property, and then let it out to a CBD escapee at twice the normal rate and they'll only impart the odd weekend of wear and tear!
"Ruck, ruck, ruck, ruck ....... Ruck, ruck, ruck, ruck"