Landlord raises 67 year old's rent by 70%

Bretrick

Bretrick

Well-known Member
Location
Perth Western Australia
Forcing the pensioner out.
She was paying $350 a week, the rise means her rent would go to $595 a week.
Housing advocates in Queensland are calling for a cap on rental increases as growing numbers of tenants are forced out of homes in a market with almost no restrictions on price hikes.
The state government and real estate lobby do not agree that restrictions are needed, warning such a change would have little impact and would risk scaring owners and investors out of the market.
Meanwhile elderly people are being made homeless by this despicable greed.
 

That's the same issue here in us. I've seen several people living out of tents or broken down vehicles who are not drug addicts nor unwilling to work but they are so old or medically incapacitated as not to be able to.

However they are getting priced out of their apartments or housing in many places and so the only thing left for them is to grab a tent and cross their fingers.
 
Its happening all over the world. Due to inflation and high interest rates, rents are skyrocketing to unaffordable levels for people on the bottom tier of the economic ladder. The problem is destined to become much worse than it already is.
 
Its happening all over the world. Due to inflation and high interest rates, rents are skyrocketing to unaffordable levels for people on the bottom tier of the economic ladder. The problem is destined to become much worse than it already is.
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Yes, there are going to be so many more homeless people in Western Society.
 
It is obvious to me that we need to invent and establish new means for housing and sheltering those who simply cannot afford to pay private rents. IMHO, greedy landlords have little or nothing to do with this problem! Many of them are either individuals or small businesses struggling along with their tenants just to keep up with their own costs, mortgages, taxes, repairs and insurance, just to stay afloat. The whole system, the system that literally billions of people currently depend on worldwide is simply broken and unworkable.
 
sch404 said:
It is obvious to me that we need to invent and establish new means for housing and sheltering those who simply cannot afford to pay private rents. IMHO, greedy landlords have little or nothing to do with this problem! Many of them are either individuals or small businesses struggling along with their tenants just to keep up with their own costs, mortgages, taxes, repairs and insurance, just to stay afloat. The whole system, the system that literally billions of people currently depend on worldwide is simply broken and unworkable.
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Too many investors in the landlord business now a days. They pay inflated prices for properties then pass it on to tenants who will pay for in the.rent which in turn will help pay the investor mortgage, taxes and expenses.
 
Rents here have been skyrocketing the past 5 years. That’s why when I sold the house and got divorced I immediately bought a condo. I couldn’t afford to stay here if I had to rent. Our homeless population is growing because of this.
 
Housing shortage is a big issue here. It was a problem before the pandemic and it got much worse during the time that everything was shut down and nothing could be built.

Now there is a big building boom and developers are the major issue of the mayoral election. Rent control is under discussion in the state legislature.
 
In Canada, a person making minimum wage takes home about CAD 2000 per month (after deductions). A basic pensioner like me gets less.

Bachelor (studio) apartments are rare. In CAD (Canadian dollars), a one-bedroom apartment costs

2000+ in Vancouver or Toronto (waiting list)

1500+ in other cities (waiting list)

1000+ in nowhere towns

500+ in *really* nowhere towns, like the one I live in.

No wonder people are homeless.
 
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Evil and heartbreaking. Here in the U.S., they talk about the affordable housing for homeless. These super tiny squares sometimes called 'pallet houses.' I get that it can be a good and temporary step for people who actually do want to get off the street. But this is not a long term solution for anyone.

However, what about permanent affordable housing including housing people can buy. These tiny houses 500-600 square foot can be extremely livable. But they are not building them. I'm saying it yet again, just large houses to buy and apartments to rent out. Making the most money.

I also watched something on PBS about trailer parks. They are being bought up and rents raised and even buyers of the parks wanting the trailer homes out to put something else on the property. In states with no rent control or low rights for renters, it's a disaster waiting to happen. Nothing for the working person or the working poor. Just nothing.
 
NorthernLight said:
In Canada, a person making minimum wage takes home about CAD 2000 per month (after deductions). A basic pensioner like me gets less.

Bachelor (studio) apartments are rare. In CAD (Canadian dollars), a one-bedroom apartment costs

2000+ in Vancouver or Toronto (waiting list)

1500+ in other cities (waiting list)

1000+ in nowhere towns

500+ in *really* nowhere towns, like the one I live in.

No wonder people are homeless.
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However here in B.C. there are laws that govern how much a rent can be increased. We live in a senior mobile home park, home is paid off, rent goes up 4% per year. Our landlord used to only raise it every 2 years, but his costs too have gone up sharply so now it goes up every year. Other landlords aren't so keen to obey the law, and unfortunately too many renters aren't as familiar with the laws.
 
Remy said:
No expert here. But this is my understanding. It's part of the problem. Investment buying. Not some local person who owns two rentals. It's big corporation and even more infuriating, foreign investors.
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That's what I see although there are several local/regional property management companies that seem to be buying a lot of small buildings.

Yes the Blackrocks or realtors purchasing strictly based on online sales not helping. Here during the lockdowns etc no more live sheriff sales all online so that means instead of competing with local investors and flippers one is also competing with out of state online buyers. The county even bragged about that. Same for bank auctions. There are houses with obvious issues in the picture getting full price.
 
My sister was in a rent controlled apartment in New York city. The landlord got tired of the rent control restrictions and told the residents "this place is becoming a condo, buy your apartment or get out." She and her husband chose the latter, retired and moved to a small beach town in Florida that was near her daughter.
 
Ok, two words...... Blackrock, and Vanguard. Slippery little devils. :( You'll see things like their CEO's saying "we're not buying up homes". Of course they leave out the next sentence... Instead, it's investment companies (of which we own controlling interest). Plausible deniability.
 

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