No agency/group/organization can possibly account for all factors. They are going to fail to take something into account.
That something is going to blow up in their face.
I remember when the government tried to tell truckers they couldn’t charge more to ship products. The government failed to take into account a little item called gas, to this day I can’t figure out how they screwed that one up. Guess what the truckers did.
They put the keys on the dash and said f u. Ask truckers who drove during the 70s and 80s and they will tell you about it.
This too will blow up in people’s faces.
Is rent getting out of control? Yes. But if someone says “ oh we’ll just put a cap on how much can be increased and that will fix the problem”. It tells me they are just delusional. How do we fix the problem? I don’t know. But yeah this will end badly.
How do we fix it - make it less profitable to be an investor without pushing up the price of building new houses.
capital gains tax
empty property/ land banking tax… and a significant one.
significant taxes on investment properties when multiple are owned. Controversial take - i think no penalties should apply on your second property, and half on the third.
minimum standards and registration of rentals.
and a significant reduction on these if the property was built in the last 10 years.
No agency/group/organization can possibly account for all factors. They are going to fail to take something into account.
That something is going to blow up in their face.
I remember when the government tried to tell truckers they couldn’t charge more to ship products. The government failed to take into account a little item called gas, to this day I can’t figure out how they screwed that one up. Guess what the truckers did.
They put the keys on the dash and said f u. Ask truckers who drove during the 70s and 80s and they will tell you about it.
This too will blow up in people’s faces.
Is rent getting out of control? Yes. But if someone says “ oh we’ll just put a cap on how much can be increased and that will fix the problem”. It tells me they are just delusional. How do we fix the problem? I don’t know. But yeah this will end badly.
How do we fix it - make it less profitable to be an investor without pushing up the price of building new houses.
capital gains tax
empty property/ land banking tax… and a significant one.
significant taxes on investment properties when multiple are owned. Controversial take - i think no penalties should apply on your second property, and half on the third.
minimum standards and registration of rentals.
and a significant reduction on these if the property was built in the last 10 years.