@RAHU

“ a run-down three-bedroom property with a price range of between $1.25m and $1.35m, represented a wonderful investment” he said, “for someone wanting to set up a rooming house.”

“I hear you can get $200 a week for a room,” he told the small crowd gathered outside. “This has three bedrooms. You do the maths.”

https://www.theguardian.com/australia-news/2024/apr/08/scope-for-exploitation-investors-eye-rooming-house-conversions-amid-melbourne-rental-crisis

#Capitalism eg. #exploitation of #housingcrisis by #landlords extract more #rent through #roominghouses

#PublicHousing instead please