Demand outstripping supply
Further to the issue of landlords pushing up the cost of housing because their appetite to own investment properties: This creates a shortage for homeowners and results in demand outstripping supply and inflates the value of said properties.
Another part of the equation is this. You and I (the taxpayer) are helping to pay off some of these mortgages via the WINZ accommodation supplement.
The Landlords Association may indulge in public relations but no amount of justification can change the grubby truth.
Lesley Haddon
Rotorua