$200-a-week property removed from Trade Me: 'Landlords are struggling'
$200-a-week property removed from Trade Me: 'Landlords are struggling'
A rental listing in Aro Valley, Wellington, was removed from Trade Me over the weekend over concerns about whether it was compliant.
Oh dear me, won't somebody think of the poor landlords!
They just wanted a 100% risk free investment that continuously funnelled money to them forever without any issues, is that too much to ask!?
From article, paraphrased
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chasing profitability
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costs gone up.
Well well, if it isn't the risk side of the risk v reward continuum.
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Just so everyone has the right image in their heads, the condition of that shed looks...rough 💀
I'd buy that for a $1
It's good that TradeMe nuked the listing, but a pretty strong indictment of how badly our rental market is regulated that they have to be the ones to step in and push back the slum lords.
Being a rental agent should require a license. A rental property should have to undergo an independent inspection every few years in order to obtain a certificate of compliance. Renting a property without a current certificate of compliance or a rental agent licence should be treated as fraud - you have obtained money by misrepresentation - and result in criminal conviction.
In before "waaa too expensive landlords will just put rents up to compensate regulation will just hurt tenants"