(13-03-2022, 02:03 PM)Lilith7 Wrote:(12-03-2022, 02:33 PM)Oh_hunnihunni Wrote: Bit like my landlord. Soon as my super goes up, the rent matches it.I think they need to be legally prevented from doing that. A law which prevents any person, trust or organisation of any kind from requiring more than 1/4 of tenant's weekly income.
Bastards.
I bet there'd be a few opting to leave the property market....
The tenant's income is private to the tenant and the landlord does not know what it is. We've heard so much in the press lately about banks requiring personal banking data before lending money. God forbid that landlords should say "Na, you can't have this house, you don't earn enough". As it stands, you sometimes get a feel for how well off tenants are (some have more income than we do!). If I was doing rent reviews I might sit on an increase for someone I think has no income other than the pension, and time an increase for when that goes up.
(13-03-2022, 03:19 PM)Zurdo Wrote: NZ isn't a country of renters and landlords...we are all new to this stuff. Now we are a country of people who can't afford a house, and people who have an extra house or two they rent out. Other countries have controls, we will have to do it too.
Some are new to it. I've been in the business 20 years, so not that new to it. We need the government to stop meddling. Our biggest problems in the last few years have been the increases in rules and regulations which have put the costs up for everyone.