Oh dear me, won’t somebody think of the poor landlords!
They just wanted a 100% risk free investment that continuously funnelled money to them forever without any issues, is that too much to ask!?
From article, paraphrased
-
chasing profitability
-
costs gone up.
Well well, if it isn’t the risk side of the risk v reward continuum.
-
Just so everyone has the right image in their heads, the condition of that shed looks…rough 💀
I’d buy that for a $1
It’s good that TradeMe nuked the listing, but a pretty strong indictment of how badly our rental market is regulated that they have to be the ones to step in and push back the slum lords.
Being a rental agent should require a license. A rental property should have to undergo an independent inspection every few years in order to obtain a certificate of compliance. Renting a property without a current certificate of compliance or a rental agent licence should be treated as fraud - you have obtained money by misrepresentation - and result in criminal conviction.
In before “waaa too expensive landlords will just put rents up to compensate regulation will just hurt tenants”
