Originally posted by propertyfinder
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Rental shortage: surely this is only because of immigration. If the borders are closed then immigration should stop. It might swing the other way, that there are plenty of rentals or too many rentals. Homes that are now Air BnBs for tourism will be put on the normal rental market. Foreign students, particularly Asians, won't be coming to study in Auckland. What will happen to Auckland's apartment buildings (do any Kiwis live in them??). As the Baby Boomer generation starts dying (if NZ doesn't succeed in stamping out the virus then this could happen in large numbers) and their houses are vacant then all of this indicates to me there could be plenty of available housing.
If many jobs are lost, people run out of money and companies go out of business, especially if the lockdown carries on longer than a month, it would make it really hard to find tenants that can pay the rent, making any rental properties you have worthless if they can't produce an income.
If many jobs are lost, people run out of money and companies go out of business, especially if the lockdown carries on longer than a month, it would make it really hard to find tenants that can pay the rent, making any rental properties you have worthless if they can't produce an income.
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