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Rising costs in Northland, New Zealand, force landlords to sell, creating a shortage of affordable rentals.
In Northland, New Zealand, rising costs for insurance, maintenance, and living expenses are forcing landlords to sell their properties, leading to a shortage of affordable rentals.
The median rent in Northland is $585, while the median income is $33,100, putting significant pressure on families.
The situation has led to increased poverty and homelessness, with charities stepping in to assist struggling families.
The pandemic has exacerbated the issue by increasing demand and inflation while causing job losses.
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El aumento de los costos en Northland, Nueva Zelanda, obliga a los propietarios a vender, lo que crea una escasez de alquileres asequibles.