Andrew Bolt and his readers strongly dislike rent controls:
And why should investors have controls over their incomes that don’t apply to most other forms of investment?
Because they’re swamping the housing market and making it impossible for younger Australians to ever have a hope of buying their own homes? Because they’re not building new rental properties, they’re using the equity they have from already being in the market to poach the homes that young Australians want to buy and then renting them back to them indefinitely? Because the housing market being filled with investors is a national disaster?
By all means, offer incentives for people to build. But the current system, which massively skews the battle for existing homes in favour of investors and against home buyers and renters, is a generation’s worth of social catastrophe in the making.