A survey of over 3700 property investors by the Real Estate Institute of Queensland (REIQ) recently revealed that more than 80 per cent were considering bailing on the Sunshine State due to recent and proposed tenancy law changes.
When asked for their primary reason for considering selling, many pointed to ongoing rental reforms, bad tenants, increasing holding costs and the stigma that all landlords were “greedy, wealthy people” as among some of their key gripes.
OPs note: Did QLD really just figure out the solution to the housing crisis? lol
and the stigma that all landlords were “greedy, wealthy people”
Maybe if they would stop being greedy people that hoard basic necessities, they wouldn’t have to deal with the justified stigma of being such POSs.
That line really stood out to me. I can’t believe the complete lack of awareness some of these people have.
Edit: I’d also like to take the opportunity to thank you for posting the first comment in this community.
I say the stigma isn’t anywhere as bad as it should be. Landlords deserve to be mocked and ridiculed.
I’d also like to take the opportunity to thank you for posting the first comment in this community.
You are quite welcome.
No, it definitely isn’t. But it will proceed to get worse and worse as the asset bubble grows.
I don’t think it’s unreasonable for us too see some civil unrest soon because of this sort of thing.
I don’t think it’s unreasonable for us too see some civil unrest soon because of this sort of thing.
Yup. Star Trek’s prediction of large scale homeless uprisings is starting to feel less and less like fiction each day.
I honestly don’t see any other way it can go. It’s not like the wealthy have a historical precedent of being about fairness and equity.
I can see where you’re coming from, but I don’t think it is guaranteed. IIRC, revolutions typically only ever happen when:
1 - A significant portion of the population is hungry
2 - A sense of class consciousness is formed
As long as juuuust enough people are fed and housed, things will have a level of stability, even if it means they spend almost all of their money of basic necessities. As long as people are surviving, even if only barely, they’re less likely to revolt and force change. Why would you join a protest if you don’t have any form of PTO, you have maybe a weeks worth of savings, and you’ll be fired for not showing up to work? The current system is intentionally designed to pull everything it can out of you, and if it pulls too much and breaks you it doesn’t matter, there is always another worker to exploit. And as for two, I think that the rich will continue to fund culture war bullshit indefinitely, so no such teamwork from the working class can be formed.
I agree with you that there is a time limit to how long the system can keep on going, and I think that limit is climate change. We’re already about to pass the 1.5 degree c tipping point, and after that it’s going to get a lot harder for civilization to continue to exist.