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this post was submitted on 15 Aug 2024
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Tenants are already getting fucked over. People already on financial strain hit by a 25% rent increase over 2 years like it happened here will lose their apartment and the landlord gets to keep his property that "pays for itself" (see: someone else is paying their property). And that sets a precedent for other landlords.
At one point in time, the trade off for renting was a lower monthly payment than a mortgage and a maintained apartment by the landlord.
Nowadays, tenants pay for the entirety of the mortgage, and landlords complaint when they aren't cashflow positive month to month and don't maintain their property because they have the big end of the stick on a human right.
And the response from the government? "We'll look into it". Fuck that noise.