The simple fact is rent caps don’t work. This is proven the world over countless times. They can benefit some who manage to find a place but ultimitally fail in their main objective.
It’s FFG, they will remove rent caps and increase landlord tax breaks
At the end of the Day, being a landlord isn’t that bad. What’s bad is that there’s nowhere else for people to put their money into investments without getting reamed with taxes.
Massive companies buying too many properties, build to rent, HAP, and probably others I’m forgetting making it worse as well.
If we got rid of deemed disposal taxes then ordinary people would have other investment options. that’s way easier than being a landlord. It would let pressure off the housing market in hopefully enough time for the government to fix the housing crisis.
It actually is all very doable and quickly too. There’s just no impetus for the government to do it. They just don’t want to do that. I would love to know actually why they do this?
Funny how all the landlords have latched onto the minor point of the OECD and ignored the major points: scrapping landlord tax relief, income assessment for tenant tax relief, ending the temporary mortgage interest relief scheme, increasing the zoned land tax, and property tax. It should also be noted that it agreed the RPZ had some stabilising effect but inflation was very high.
Basically the media, Michael “many homes” Martin, and the btl bros have all focused on one, “moar money for landlords” part and ignored everything else which is a criticism of our regressive approach to real estate, wealth, and tax.
If the OECD report exercises you and you believe in it: no end to RPZ until we deal with the major points.
Reports like these that urge against rent controls support the historical examples of the results of rent controls, and how they always inevitably end up making the rental market much worse for people.
But if the similar threads on rent in recent days say anything it’s that many people will dismiss it as some landlord driven conspiracy to make rents high and that their opinions on rent controls are what’s correct.
Rent controls like these is a pull the ladder up lads, approach. Great for immediate benefactors; fairly disastrous for any new renters or the long term rental market
I’m selling my rental flat because under the current rent rules it makes more sense to take the cash and invest it in the stock market. If I could get market rents I’d probably keep it but it doesn’t make sense with rent control. I’d imagine the same logic applies to any long term property investors as ultimately they will reach the same point where it makes more sense to sell up. So I think the rent controls are fine over a short period but over the longer term they cause less investment in building new properties and dilapidation from lack of investment in existing ones.
What I hate most about the rent cap is that it is now a political hot potato, which the government doesn’t what to do with. I remember when they were introduced all the parties said it would have to temporary (including SF though they wanted a different date to others) and the housing market is still a mess and doesn‘t even look to be close to be healthy. In all the time since it has been introduced they haven’t fixed anything and now the reports are saying it is causing other problems (which is not a surprise).
I wouldn’t object to the rent cap being extended if there an end game to getting housing market sorted but it doesn’t look to be the case at all. However renters were getting screwed over without some protection rent increases.
Simple solution: rent is capped based on the square-footage of the property. Any landlord who willingly breaches that should be liable to have the property seized and turned into social housing.
Rent caps should be removed but only with laws for long term tenancy agreements in place and in use.
RPZ just mean any new rentals coming to market start as high as possible to bleed the market dry. Rather than it meeting equilibrium. Those renting the newer units are paying for the rent increases that would be balanced more thinly across all in a free market.
RPZ also mean that people are locked into their accommodation as moving means that the small percent of the market that is free (new units) are totally out of reach due the point above.
It’s basically like those sales Aldi used to do. First 20 through the door gets the TV for 150 euro while everyone else pays 300 euro. Those paying the 300 are subsidising the loss leader of the 20 150 euro TVs.
New Rents are inflated due to scarcity which is exacerbated by RPZs
Anyone that in cheap accommodation that has not risen coupled with the zero supply is the problem here and RPZs are just a political plaster over a gun shot wound. Someone is paying for cheaper rent that is under market rate, it is just not you.
I can’t believe we voted these dickheads back in and expected anything to get better. Like I actually can’t believe we’ve done this to ourselves again I am fucking sick.
This country badly needs a general strike to get this shit sorted out.
11 comments
The simple fact is rent caps don’t work. This is proven the world over countless times. They can benefit some who manage to find a place but ultimitally fail in their main objective.
It’s FFG, they will remove rent caps and increase landlord tax breaks
At the end of the Day, being a landlord isn’t that bad. What’s bad is that there’s nowhere else for people to put their money into investments without getting reamed with taxes.
Massive companies buying too many properties, build to rent, HAP, and probably others I’m forgetting making it worse as well.
If we got rid of deemed disposal taxes then ordinary people would have other investment options. that’s way easier than being a landlord. It would let pressure off the housing market in hopefully enough time for the government to fix the housing crisis.
It actually is all very doable and quickly too. There’s just no impetus for the government to do it. They just don’t want to do that. I would love to know actually why they do this?
Funny how all the landlords have latched onto the minor point of the OECD and ignored the major points: scrapping landlord tax relief, income assessment for tenant tax relief, ending the temporary mortgage interest relief scheme, increasing the zoned land tax, and property tax. It should also be noted that it agreed the RPZ had some stabilising effect but inflation was very high.
Basically the media, Michael “many homes” Martin, and the btl bros have all focused on one, “moar money for landlords” part and ignored everything else which is a criticism of our regressive approach to real estate, wealth, and tax.
If the OECD report exercises you and you believe in it: no end to RPZ until we deal with the major points.
Reports like these that urge against rent controls support the historical examples of the results of rent controls, and how they always inevitably end up making the rental market much worse for people.
But if the similar threads on rent in recent days say anything it’s that many people will dismiss it as some landlord driven conspiracy to make rents high and that their opinions on rent controls are what’s correct.
Rent controls like these is a pull the ladder up lads, approach. Great for immediate benefactors; fairly disastrous for any new renters or the long term rental market
I’m selling my rental flat because under the current rent rules it makes more sense to take the cash and invest it in the stock market. If I could get market rents I’d probably keep it but it doesn’t make sense with rent control. I’d imagine the same logic applies to any long term property investors as ultimately they will reach the same point where it makes more sense to sell up. So I think the rent controls are fine over a short period but over the longer term they cause less investment in building new properties and dilapidation from lack of investment in existing ones.
What I hate most about the rent cap is that it is now a political hot potato, which the government doesn’t what to do with. I remember when they were introduced all the parties said it would have to temporary (including SF though they wanted a different date to others) and the housing market is still a mess and doesn‘t even look to be close to be healthy. In all the time since it has been introduced they haven’t fixed anything and now the reports are saying it is causing other problems (which is not a surprise).
I wouldn’t object to the rent cap being extended if there an end game to getting housing market sorted but it doesn’t look to be the case at all. However renters were getting screwed over without some protection rent increases.
Simple solution: rent is capped based on the square-footage of the property. Any landlord who willingly breaches that should be liable to have the property seized and turned into social housing.
Rent caps should be removed but only with laws for long term tenancy agreements in place and in use.
RPZ just mean any new rentals coming to market start as high as possible to bleed the market dry. Rather than it meeting equilibrium. Those renting the newer units are paying for the rent increases that would be balanced more thinly across all in a free market.
RPZ also mean that people are locked into their accommodation as moving means that the small percent of the market that is free (new units) are totally out of reach due the point above.
It’s basically like those sales Aldi used to do. First 20 through the door gets the TV for 150 euro while everyone else pays 300 euro. Those paying the 300 are subsidising the loss leader of the 20 150 euro TVs.
New Rents are inflated due to scarcity which is exacerbated by RPZs
Anyone that in cheap accommodation that has not risen coupled with the zero supply is the problem here and RPZs are just a political plaster over a gun shot wound. Someone is paying for cheaper rent that is under market rate, it is just not you.
I can’t believe we voted these dickheads back in and expected anything to get better. Like I actually can’t believe we’ve done this to ourselves again I am fucking sick.
This country badly needs a general strike to get this shit sorted out.
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