Subj : Re: 3.5 weeks to being la
To   : boraxman
From : Spectre
Date : Tue Jul 19 2022 07:40:00

 bo> Not quite that cut and dried, but in todays market, I would think that
 bo> landlords are a significant issue.  It is an all to common occurrence for
 bo> someone attending an auction, wanting to buy a house to live in, to be
 bo> outbid by an investor who then rents it out (and gets negative gearing to
 bo> boot).

 bo> Landlords do provide a service, but when they out-compete someone wanting
 bo> to buy, forcing that person to rent, then they become a problem.  They
 bo> create the very problem they claim they deserve tax concessions to fix.

I think you're looking at two seperate groups... the "investors" and the
"landlords".  Traditionally the landlords have been in it for the long haul
and may slowly acquire a few properties over time as they pay for themselves,
generally they're looking to retain and rent said properties for the long
haul.

As opposed to the more recent "investor" type which because property has
already been booming have gone out there to buy everything in sight they can
afford with the idea of flipping it as soon as the value to debt ratio is
high enough.  Its this latter group that are really doing the damage.

If you wacked this lot into a venn diagram these days, they'd no doubt
overlap some of the "landlord" group will have been sucked into the investor
group by cheap profits.

Spec


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