New research shows an urgent need for more housing, as landlords take advantage of the low supply, housing and poverty advocates say.
A report by the Treasury, the Reserve Bank and the Ministry of Housing and Urban Development highlighted the link between tenants’ wages and rental costs.
Renters United president Geordie Rogers says low supply and high demand allow landlords to charge as much as their tenants can pay.
“We don’t have enough houses,” Rogers said.
“Every single time we get a pay rise it’s immediately eaten up by the increased cost of rent, going straight to our landlords.”
The report also noted that mortgage rates only had a marginal impact on rents.
There is an unspoken promise between the neoliberal State and the untaxed capital gains private landlord class that the neoliberal State never builds enough State Houses to alleviate housing desperation so that the untaxed capital gains private landlord class can exploit that housing desperation ON TOP OF getting a $1.5Billion annual subsidy in the form of the Accommodation Allowance EVERY SINGLE YEAR!
So the neoliberal State work hand in glove with the interests of the untaxed capital gains private landlord class to constantly keep desperation in the Housing market by never building enough State Houses WHILE handing taxpayer funded subsidies to the untaxed capital gains private landlord class!
This rigged casino where Landlords can constantly use their own debt to buy more property and out leverage first time home buyers just adds insult to injury.
On top of this, ACT and National want to give that same untaxed capital gains private landlord class the power to evict you at will so they can kick out the smelly domestic renters and exploit the new 100000 migrant workers coming into the country, remove all the healthy home and environmental regulations and put back in place the tax loopholes that benefit the untaxed capital gains private landlord class.
On top of this, the Real Estate pimps are donating hundreds of thousands of dollars to the Right and are dangling the promise of house prices jumping 20% if National and ACT win.
The Housing Crisis is a political decision and you as renters should be incandescent with rage at how this has been allowed to continue!
The Māori Party Ghost House Tax will spike those landlords hard.
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