Sydney real estate agent advises landlords wanting to capitalise on the rental crisis that they can kick out long-term tenants to raise the rent

Bretrick

Bretrick

Well-known Member
Location
Perth Western Australia
these people really make me sad and angry.
Of course I sent him an email.

Wow, just wow, your words typify what capitalism is all about.
Profit, no matter who is thrown under the bus.
Your statement appals me, there will be landlords who will do exactly that.
Throw people out onto the street so that the landlord can make more profit than they already are making.
The sickening thing is that is legal to evict tenants for no other reason than to raise the rent.
You do know that people commit suicide because they have been thrown out of their home and have no prospects of ever having a roof over their heads for the rest of their lives?
Most certainly not every landlord has a mortgage. Many, many own their rental properties and are simply raking in the money.
You think this is okay, to evict people and have them live a life of destitution?
Attitudes like yours are the reason Australia's underclass is growing every year.
Shame on you, shame on the business community.
 

No leases, not a violation of the lease or contract in Australia?

Too many are into a real estate for an investment treating their property as a commodity. I was lucky to have some landlords who considered themselves part of the hospitality industry or other's that they won't gouge people.

Big apartment complexes raise rent and fee a tenant to death like it's their job.

But they must also realize the tenants have to get money from somewhere. If the economy tanks so does their ability to pay. They also must realize if they raise rents too high they put themselves in competition with other properties similarly priced with more ammenities.

Is Australia experiencing high immigration or population growth?
 
WhatInThe said:
No leases, not a violation of the lease or contract in Australia?

Too many are into a real estate for an investment treating their property as a commodity. I was lucky to have some landlords who considered themselves part of the hospitality industry or other's that they won't gouge people.

Big apartment complexes raise rent and fee a tenant to death like it's their job.

But they must also realize the tenants have to get money from somewhere. If the economy tanks so does their ability to pay. They also must realize if they raise rents too high they put themselves in competition with other properties similarly priced with more ammenities.

Is Australia experiencing high immigration or population growth?
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Once the lease runs out, the landlord can give two months notice. No reason needed.
Australia are "Importing" 190,000 immigrants every year. There are plans to raise this number to 225,000 a year.
Totally wrong in this climate of low/no availability of housing.
Scurrilous is the word here.
 
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This is an outrage. It makes me angry and it's very scary. No matter how far away one is.

I don't want to hear the 'landlords have expenses' argument. They make money by renting. If they didn't, they'd find another investment.

California is my home state with many problems but they do have rent increase caps. 10% is more than enough. Especially what you consider that does to people in the large urban areas. My brother's daughter, in I believe North Carolina, got her rent raised 300 dollars, no warning. She's young, with a masters in physical therapy. I'm impressed she had the insight to say heck with that and went and bought a town house. I've never had such insight. At least she has a good mother.

This is a reason I'm worried about finding a permanent place.

Time to start some communes?

What Exactly is a Kibbutz | The Jewish Agency - U.S.
 
Bretrick said:
Once the lease runs out, the landlord can give two months notice. No reason needed.
Australia in "Importing" 190,000 immigrants every year. There are plans to raise this number to 225,000 a year.
Totally wrong in this climate of low/no availability of housing.
Scurrilous is the word here.
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Doing it in the US as well. Also happens when there is mass migration to certain areas which can drive prices up.

Heard some border towns in in Nevada who have Californians moving there to keep job in Cali have run out of affordable housing and had to expand infrastructure. South and beach front Florida was like that during the first housing bubble.
 
I think things like that have been happening in the U.S for quite awhile now. And for my honorary son, the landlord raised the rent by $700 a month while they were still there. Way to get rid of a tenant. They moved out before the next rent was due. It was a nice two bedroom apartment in a really nice complex in Tampa, FLA, so I wouldn't be surprised if it rented almost immediately.
 
OneEyedDiva said:
I think things like that have been happening in the U.S for quite awhile now. And for my honorary son, the landlord raised the rent by $700 a month while they were still there. Way to get rid of a tenant. They moved out before the next rent was due. It was a nice two bedroom apartment in a really nice complex in Tampa, FLA, so I wouldn't be surprised if it rented almost immediately.
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The same snowbird money that help build up Florida is now driving housing prices and rent up by moving there as permanent residents especially from the north east. That means locals are competing with outside money frequently from people who don't have to work or have a very well paying job.
 
A lot of the rental real estate is owned by Wall Street, and it goes without saying that they're only in it for the money.

With all the layoffs going on right now in the tech sector, people may start losing their homes, but it may be years before that starts happening. AI is going to put a lot of people out of work.
 
This reminds me of a co-worker who lived in Vancouver WA and was paying $650 for a 1 bd rm with bath in a kind of rowhouse situation.

The other tennants were paying $800+ as to why, the landlord said to her "You've been a solid renter for 15 years. We appreciate you" they'd raise rent at move out of previous tennant.

Some owners are happy with their profits and appreciate good long term renters. Others, not so much.
 
OneEyedDiva said:
I think things like that have been happening in the U.S for quite awhile now. And for my honorary son, the landlord raised the rent by $700 a month while they were still there. Way to get rid of a tenant. They moved out before the next rent was due. It was a nice two bedroom apartment in a really nice complex in Tampa, FLA, so I wouldn't be surprised if it rented almost immediately.
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Same thing is happening in Orlando and vicinity. It is horrible for people of all ages. They cannot buy a home because the housing market is so high, and now they cannot save money to buy while renting, or just plain rent a place.
 

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