You never get the full story in the news. You read about Auckland property values easing off. A decline in confidence. Then you put your ear to the street.
A Keynesian utopia of free leisure time before us! But not so fast…There’s one area of the economy not subject to the laws of competition.
Landlords will pass on the cost of letting to tenants via rent…or via some other fee. But a significant change has been made…one that throws a wrench in this argument.
Forget bonds or letting fees…Forget appeasing your landlord…These guys want you to be a happy customer…and to stay with them for as long as possible.