"Wellington Mayor Justin Lester promises council will intervene in rental market as rents surpass Auckland's
And now Mayor Justin Lester and councillor Brian Dawson want "Mum-and-Dad" property investors to lease their houses to the city council so they can be turned into affordable rentals."
So the council would lease the properties from private owners - presumably at market price, otherwise why would the owners do it.
And then the Council would rent out the properties at below-market levels?
So who would make up the difference - ratepayers?
And then go on to this bit:
"In Masterton social housing provider Trust House managed to influence rents by becoming one of the largest landlords in the city. It then charged rents below the median paid by the poorest renters.
Trust House general manager Craig Thomson said that had an impact on the market at first but with the turnover of tenants so low that influence had waned."
Of course.
Any idiot should know that once the fortunate group of tenants have moved into below-market subsidised housing they are going to hang on in there like grim death and never move out again.
Anything else would cost them far more, so everyone else not in that group misses out.
And now Mayor Justin Lester and councillor Brian Dawson want "Mum-and-Dad" property investors to lease their houses to the city council so they can be turned into affordable rentals."
So the council would lease the properties from private owners - presumably at market price, otherwise why would the owners do it.
And then the Council would rent out the properties at below-market levels?
So who would make up the difference - ratepayers?
And then go on to this bit:
"In Masterton social housing provider Trust House managed to influence rents by becoming one of the largest landlords in the city. It then charged rents below the median paid by the poorest renters.
Trust House general manager Craig Thomson said that had an impact on the market at first but with the turnover of tenants so low that influence had waned."
Of course.
Any idiot should know that once the fortunate group of tenants have moved into below-market subsidised housing they are going to hang on in there like grim death and never move out again.
Anything else would cost them far more, so everyone else not in that group misses out.
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