Young can’t afford homes because of high rents.

[RodCMember@rodcJoin Date: 2002Post Count: 335]

February 10, 2004 - 10:32 pm

http://www.theage.com.au/articles/2004/02/10/1076388362942.html

Here we go again, another round of investor bashing.
We’re do their figures come from? I haven’t seen any evidence of investors increasing rents. With recent vacancy levels in many areas I think rent reductions and other incentives have been more likely recently.

regards,

Rod.

[HueyParticipant@hueyJoin Date: 2003Post Count: 213]

February 11, 2004 - 1:17 am

Hi Rod,

The rent for my IP in Sydney has been decreased by 5% in the last 2 years. However rents have been increased heaps in Canberra, more at the low end, less for city apartments.

Cheers

Huey

[rodders19Member@rodders19Join Date: 2003Post Count: 9]

February 11, 2004 - 1:47 am

I’ve got two words for them:

Supply
Demand

[bluecatParticipant@bluecatJoin Date: 2004Post Count: 106]

February 11, 2004 - 5:24 am

HI,

I’ve found that most rent increases if they have happened would be found at the lower end of the spectrum. i think they always look at the houses that would want to rent.

cheers,
bluecat

Do today what you want to do tomorrow

[JetDollarsParticipant@jetdollarsJoin Date: 2003Post Count: 2,435]

February 11, 2004 - 7:49 am

The rent in the South West Sydney has decrease around 8%. I don’t know they get the figures from.

Warm Regards

ChanDollars
[Keep going, you’re on your way to financial freedom]

[markpatricMember@markpatricJoin Date: 2004Post Count: 127]

February 11, 2004 - 11:22 am

I think this would be the case quite often.
This is a worry for everyone rich and poor.
I think society will pay if the gap gets too wide between the rich and poor.
Charging too much or ripping off tenants only makes matters worse .

All you can do is be fairminded with tenants which means not buying so many houses that you are under pressure in order to become the next property tychoon.[V]
I think keeping rents a little lower than average and looking after your tenants to your best ability is really a benefit all around.[^]
If someday you are in a position to help someone out who deserves helping, why not lower the rent or help them out.[]

[AdministratorKeymaster@piadminJoin Date: 2013Post Count: 3,225]

February 11, 2004 - 11:55 am

>>All you can do is be fairminded with tenants which means not buying so many houses that you are under pressure in order to become the next property tycoon<<.

Another do-gooder’s ‘wise’ albeit unthinking advice ?

I would have thought, Markpatric, that providing a rental opportunity in and by itself is already ‘doing a rather good deed’.

Are you now telling us to dry up the market of rental properties ? Whose side are you on ? Who or what are you ? A wolf in sheeps clothing ?

What is so difficult to understand about the subject of supply and demand ?

Don’t you know what unavoidably happens if there is a shortage of rental properties ?

Reading the posts on this website I don’t see any evidence of scrooges anxiously at work shaking the last shekel out of people’s pocket.

What I do see are normal working people concerned about providing for their retirement.

Pisces

[JulianMember@julianJoin Date: 2003Post Count: 232]

February 11, 2004 - 1:24 pm

Yes,
Good Speech!i agreed with Pisces

Regards
Julian

THERE IS ALWAYS A BETTER WAY!

[james_2Member@james_2Join Date: 2004Post Count: 25]

February 11, 2004 - 3:40 pm

Originally posted by markpatric:

I think this would be the case quite often.
This is a worry for everyone rich and poor.
I think society will pay if the gap gets too wide between the rich and poor.
Charging too much or ripping off tenants only makes matters worse .

All you can do is be fairminded with tenants which means not buying so many houses that you are under pressure in order to become the next property tychoon.[V]
I think keeping rents a little lower than average and looking after your tenants to your best ability is really a benefit all around.[^]
If someday you are in a position to help someone out who deserves helping, why not lower the rent or help them out.[]

[MiniMogulParticipant@minimogulJoin Date: 2002Post Count: 1,414]

February 11, 2004 - 3:42 pm

(from the article)

‘She said a housing investment program was needed, with more institutional investors,’

ahm, is that like communism or something?

So here’s the other thing about +ve CF property. It means that it would be cheaper for the tenants to buy than rent. So why don’t they?
the answer is 90 percent money habits and 10 percent education.

(i.e. even if you had the education it would still be hard to buy if you had bad money habits – and also if you have good money habits then buying a house is a piece of cake.)

[james_2Member@james_2Join Date: 2004Post Count: 25]

February 11, 2004 - 3:43 pm

just lost everything I wrote because I forgot to enter my user details.

To summarise: markpatrick, you have no idea

[melbearMember@melbearJoin Date: 2003Post Count: 2,429]

February 15, 2004 - 9:05 am

Originally posted by markpatric:
All you can do is be fairminded with tenants which means not buying so many houses that you are under pressure in order to become the next property tychoon.[V]

I would have thought that if you were a ‘property tycoon’ that you could afford to have lesser rents to help some people out if you felt that way inclined. Only owning one property will definitely limit how much latitude you have. We are, after all, buying the IPs to look after our own futures – not just out of the goodness of our hearts.

Cheers
Mel