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Originally Posted by hmmhmmcamo
not all of them. I agree you can run in to some real idiots, but if you are good people with good references and are willing to do some work, a good landlord can be found pretty easily.
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What does my having good references have to do with landlords? If landlords won't fix stuff, what's my recourse?
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I agree this is a negative - but it can be a positive. What happens when you have an annoying neighbour? or your strata sucks? It's a lot easier/cheaper to move when you're only renting.
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Lease agreements notwithstanding, there's a cost to move.
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rents will go up...but so will the cost of borrowing money. We are at historically low interest rates right now so there is only one way for them to go - meaning there will be some pretty large "rent" increases for some home owners too.
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Rental properties are also mortgaged, so if you believe interest rates are going up, this will also affect rental rates. If you believe that the rental market is competitive, then this will also raise rental rates even for properties that aren't mortgaged anymore.