Housing Shortage

[spenaroo]

Problem isn't the landlords.

rarely are the landlords calling the agent, asking to jack up the price.

Its the agents, feeding them the information that they need to up it "in line with the market"

 

swap property management from a percentage fee, to a flat fee.... and watch as miraculously the rises stop - as its not providing a financial incentive for the agents looking after the leases.

 

All this talk about housing reform etc...

but not on taking a magnifying glass to realtors and the industry, and making changes there.

 

oh how they cried when there was talk of introducing anti-money laundering laws.

and needing to verify where the cash for cash purchases came from.

FFS - in the car/motorcycle dealership we had to by law declare any cash above 10K - but you can buy a house without any declarations.

Edited April 24 by spenaroo

[red750]

Banks are taking it into their own hands to determine what you can spend your money on. I read a story where a guy was prevented from taking $3000 from his account by his bank. He went to the Post Office to withdraw, and the PO did not have an arrangement with his bank. He drove 20 minutes to another town to withdraw it through a supermarket, but they didn't have sufficient cash on hand.

 

The banks claim they are protecting you from losing your money to scammers. For large withdrawals, you have to produce a invoice to prove that the sale is legitimate.