When you take out the bottom of the market and landlords exit , it's the bottom of society who gets affected the most.
Loss of Tax deductibility on mortgages, increased compliance costs and general anti landlord sentiment caused by media and the current government was the most likely cause that this end of the rental market barely exists.
Current ideology dictates that everyone should live in a brand new $900,000 new build, or something similar.
That's not how the world works.
It's true capitalism is far from perfect, but it's a far better alternative to socialism.
Loss of Tax deductibility on mortgages, increased compliance costs and general anti landlord sentiment caused by media and the current government was the most likely cause that this end of the rental market barely exists.
Current ideology dictates that everyone should live in a brand new $900,000 new build, or something similar.
That's not how the world works.
It's true capitalism is far from perfect, but it's a far better alternative to socialism.
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