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[drelly]

Also insurers require inspections. No inspections = no insurance.

[LKSteve]

Originally Posted by flyernzl

So why are you not willing to pay more in rent than the cost of owning a property in return for the convenience and lack of hassle?

Renting is cheap, low hassle & allows for flexibility. We pay slightly below market rent because our reliability & long, trouble-free tenure is attractive to our landlords. They're not going to raise our rent as this would risk them a low-maintenance tenant. On the other-hand property ownership offers 'skin in the game'. As I see it property is still too expensive in New Zealand & will fall in line with rising interest rates, PI's exiting as the tax net tightens & a lousy economy. I really see no prospect for universally higher rents. I think a property values correction may be on the cards but even if this does not eventuate, the prospect of higher rents in the short term is unlikely. If it gets too expensive to live here, the renting hordes will just up-sticks across the ditch for higher incomes.

[LKSteve]

Originally Posted by Wayne

People generally don't 'willingly' pay more than they could for anything! If you can get the same "convenience and lack of hassle" from a M&D 'investor' who doesn't raise rents then you would.

Correct, we advertised for the type of property & location we wanted. The landlord came to us. It's been hassle free for them since day go. We are not anticipating any rent increases.