Why should I be celebrating my landlord (who bought this house outright in 1995 for $86,000AUD) putting up our rent by $210 (24%) per week just because he can? My partner and I are both pretty decent earners but because of the amount of money we have to pay in rent (for a not even that great place) we will never be able to own a house in the city my partner was born in because we simply can’t save enough for a deposit in a period of time where the house prices wont rise out of reach.
Greed-driven housing policy is ruining communities for a lot of people. All but a small handful of politicians in Australia own multiple investment properties. It is in their interest for the current system to continue as is.
You should be glad that the property rights that let your landlord do that are the same property rights that let you do what you want with your own money, including becoming a landlord yourself if you choose to do so.
You should be glad that success is not punished, because if that was the case, nobody would try to succeed and your society would suffer tremendously as a result -- and when the economy suffers it always hurts the poor more than it hurts the rich.
By renting you are getting a place to live, you are benefitting from the success of others who were able to afford housing, and you are buying time for yourself be successful. It's how healthy markets work.
Why should I be celebrating my landlord (who bought this house outright in 1995 for $86,000AUD) putting up our rent by $210 (24%) per week just because he can? My partner and I are both pretty decent earners but because of the amount of money we have to pay in rent (for a not even that great place) we will never be able to own a house in the city my partner was born in because we simply can’t save enough for a deposit in a period of time where the house prices wont rise out of reach.
Greed-driven housing policy is ruining communities for a lot of people. All but a small handful of politicians in Australia own multiple investment properties. It is in their interest for the current system to continue as is.