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Bob Dole
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An article written by someone who need to go back to school. Some basic economics: rents are determined by supply and demand NOT by landlords' costs. If landlords can increase rents after the tax changes then they could probably have increased them anyway. The article even suggests one landlord is raising rents before the tax changes fully come into force just to prove the point that rents have nothing to do with landlords' costs. Paul Canton's comments seem to suggest he feels that he has a right to a succesful investment. In a capitalist economy you are allowed to lose money as well as make some. This whole change is part of a government squeeze out amateurs ("mom and pops" in the US) in favour of more professional and institutional investment in the sector. That would seem to be a welcome development for everyone except the "mom and pops".
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20 October 2016 22:46 PM
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From: Bob Dole
20 October 2016 22:46 PM