Tag: Renting

Are landlords the bad guys?

In my first post in this series on the economic fallout of covid-19, I asked whether banks are the heroes of our current economy. The answer was a resounding no. But now, as thousands across Australia are losing income, either from reduced hours, a decrease in business, or even a complete loss of employment, many are now struggling to afford the basics. Including rent. As a result, many have turned their attention to landlords.

The Prime Minister has announced a six-month moratorium on commercial and residential evictions, with renters encouraged to contact their landlords or real estate agents if they’re facing financial hardship as a result of the coronavirus shutdown.

But (surprise!) it seems that simply expecting tenants and landlords to work it out themselves isn’t working.

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Is your home your greatest asset?

One of the things I most looked forward to, in buying a home of our own, was having more freedom.

Owning, to me, was more than just about no longer having to pay rent, lining someone else’s pockets, but about having the ability to make the ‘house’ I lived in a ‘home’ – something a bit more personal – getting to paint the walls a different colour or put up pictures if I so chose.

And I think this is a common dream. Take the cliché ‘A man’s home is his castle‘. It encapsulates the notion that ‘One can do whatever one wants to in one’s own home’.

But is that always true? And are there other ‘castles’ you can build that give you even more freedom?

Continue reading “Is your home your greatest asset?”