The economic lunacy of Phil Twyford

Phil Twyford has announced that he is going to ban letting fees. Apparently real estate agents and letting agents are just going to shut up shop and let $47 million of revenue disappear without even a fight.  

Or economics in the real world will see new fees like “inspection fees” or “interview fees” or “vetting fees” and the easy one – a “key fee”, where you don’t get the key until you’ve paid for the keys.

If the letting agents charge the landlords then the rents go up  simple. The letting fee will now be included in the rent and spread out into 52 easy weekly payments… called rent.

If he seriously thinks that $47 million in letting fees is no longer going to be charged then he is a special kind of stupid.

Discuss.

 

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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