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  1. #11
    Join Date
    May 2004


    Quote Originally Posted by Perry View Post
    .... That needs to be complemented by an analysis of where the sold rentals go. Because, in the empty-headed theories of the ivory tower go-gooders, as a rental property is sold, former tenants move in to the house as the new owners. A sort-of zero sum game. It does not happen that way.....
    Andrew King of NZPIF was quoted in the media as saying rented houses in Auckland contain an average of 3.9 people and owner-occupied 2.1 people. So every rental property sold to an owner-occupier effectively displaces on average 1.8 people.

    There should be census data on this.


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