In New Zealand the only accessible way for the moderately wealthy to save is property (a failed financial system)
So there is a proliferation of "mum and dad" landlords who have huge political power, two "investment" properties, and they make life hell and insecure for renters
I rented until I was in my forties, and that is what it was like. They are not all bad, but many cannot believe that their tennents own their home, if not the property it is in. A landlord can not "drop by" for any reason, legally, but most importantly, morally
Being a landlord should be a business. Nobody should have tenants in an "investment" property. It is a conflict of interest and a power imbalance that immiserates the tenants
On top of that the poorest 60% are handing over the lion's share of their income to the richest 15%
In New Zealand the only accessible way for the moderately wealthy to save is property (a failed financial system)
So there is a proliferation of "mum and dad" landlords who have huge political power, two "investment" properties, and they make life hell and insecure for renters
I rented until I was in my forties, and that is what it was like. They are not all bad, but many cannot believe that their tennents own their home, if not the property it is in. A landlord can not "drop by" for any reason, legally, but most importantly, morally
Being a landlord should be a business. Nobody should have tenants in an "investment" property. It is a conflict of interest and a power imbalance that immiserates the tenants
On top of that the poorest 60% are handing over the lion's share of their income to the richest 15%
So much needs to change....