They also manage lower quality locations that will have issues to keep the deposits and increase cost
That isn’t the “whole point of landlording”.
That sub in general is a bit of a mess. .
I can think of a lot of businesses that do the same. Berry picking, growing produce or having livestock in general, bottled water in countries where fresh water doesn’t come out the tap, anything in the second hand business. It’s just business as usual.
This really only applies to the big guys. There are a shitload of landlords that have second or third homes due to inheritance or happenstance.
Also, this take assumes that everyone who needs their own accomodation wants to, and can afford to, buy a home. And what I mean by “can afford to” is those that aren’t students or those emerging in the workplace. There is a huge market for rental properties – at least as big as the home ownership market.
What do all the renters do once the basement dwellers of antiwork have eaten all the landlords?
I mean, landlords are gonna landlord. It’s an investment, of course they are going to maximise it, even playing the poor mouth when rent doesn’t pay the mortgage, as if they aren’t getting the asset as well as the money, and assuming they are entitled to investment profits once that investment is housing.
But the real issue is the government not having more regulations to prevent exploitation, and creating an environment where housing is one of the few ways ordinary people can invest for their future outside of pensions.
House prices in Ireland are insane. I inherited a share in a property there with a sibling and some cousins. But none of us can afford to live there. I have one remaining relative there who only manages it because he inherited a sizeable sum along with having some kind of well paid job in social services.
If landlords didn’t exist, how would college students and most people in their 20s have anywhere to live?
Banks will only give mortgages to people (usually couples) with stable incomes.
So I’ve been renting in Dublin from landlords for 15 odd years (will soon move into our first home)
If landlords don’t provide housing- were we homeless without knowing it?
Shame people couldn’t rent them from the government.
🤷♀️
Seems to simple right ?
🤣
That’s nonsense. Lots of people who are working here , have no intentions of ever buying and they need to rent.
Likewise someone on a low income will never be able to buy, with the council not building social houses. Landlords privy de housing to them
Yeah that’s a pretty dumb take. “The whole point of medicine isn’t to make people better, it’s to hoard the medicine, reducing the supply of medicine in the market, to sell it to people who become sick”. Gotcha.
I’m not sure what the worst part of this sub is: the constant posts whingeing about the Brits, the constant posts whingeing about the Americans, or the constant posts of laughable political hot takes tweeted by precocious first year college students.
I rented all through by 20s and I was happy to. What the hell does this person suppose I was meant to do when I was 24, jump straight into buying a house? I’d no interest in owning a house then even if I could have afforded it. They’re basically advocating for the abolishment of rentals which is obviously monumentally stupid.
Jesus I respect some of the concepts from Antiwork (profits & revenue should be reflected fairly in salaries), but this is such a bad take and that subreddit has been pretty much discredited over recent months. Quite literally if I decide to build a house, and end up moving in to my partners house, and rent out the original home I built, I am providing housing that wouldn’t have otherwise existed.
Oh wow a literal who on twitter said something that boils down to pointless sophism??? Fuck who could have seen this coming?
landlords suck!!!1
I’m 15 btw xD
This is clearly a supply issue, but people want a villain. It’d be one thing if there were actually enough housing units for people to rent affordably in areas of economic opportunity even if they couldn’t buy because of supply. That would indicate that the supply was enough to keep rents low. That’s not what’s happening. Rents are high and housing prices are high because all housing is too scarce.
Just build more housing already. The anti-landlord bullshit of the left is such a profound distraction that prevents us from ever addressing this issue.
This horse has been kicked so often, you can see the Nike symbol embedded in its corpse.
Terrible take.
The government is the biggest landlord in the state.
Ireland gives people fuck all viable wealth creation options that you are not taxed the balls off by besides owning property / land and pensions which can massively drop as well because of no fault of your own.
It’s weird to me. A lot of people villainies landlords as a whole. Realistically the problem is 1) firms buying up an entire housing estate pushing first time buyers out of the market and 2) landlords that are under the table that don’t fix anything that’s broken or unsatisfactory to the tennant.
Many people in Ireland. Middle class with a bit of money to invest want to earn more than the small few % on a pension, and don’t want to deal with the massive tax in stock investment. Housing is one of the few sound investments you can make in Ireland without being completely taxed out of your hole.
Unless people plan on building their own wattle and daub accommodation, then landlords, big and small, are essential for the economy and for the provision of shelter. Home ownership rates in Europe are far lower than in Ireland but our “the Brits took our land” and agriculture focussed mindset leads us to want to unnecessarily shoulder the capital burden and financial risk of home ownership. Landlords provide a huge service to those who can’t afford or don’t see the logic in buying a property. Bigger landlords actively drive the construction of new properties, which positively impacts the supply side of economics and slows inflation of rent. Ireland is in a housing crisis because we take a weird French-style socialist approach to punishing landlords rather than incentivising them.
Bought house at height of boom. Still not recovered. So renting it out makes sense. Have an amazing family in old house now, haven’t raised the rent since we started renting 5 years ago.
Not all landlords are hoarders, some like us, are stuck with a house we’d loose money on if sold. So we do next best thing.
Rents might be through the roof but property prices have not recovered, at least we’re we are to what they were at 2008 – when we were told that “the list price is just the starting point” by the estate agent, and we saw houses jump by €100k in less than 6 months.
The 20% min deposit made buying a place impossible for many. Reducing the house purchase market… and if people can’t buy, they’ll rent. So house prices stagnate, rents sky rocket.
Who builds houses to rent out? – only big companies who can afford the long wait to recoup their costs, and government.
What’s the result; lack of new houses. Old house lie empty – if they don’t cost anything and mortgage is paid off then no point selling them on to make a loss, better to leave them wait for stagnant house market to recover.
Then add in super crap public transport and you’ve a whole bunch of people wanting to live in same / similar areas with no housing available and little incentive for anyone to build more.
The solution isn’t just a vacant property tax, it’s an all up review of housing, one that’s coupled with transport and local services. I like the vacant property tax. But I’d also add in a removal of the 20% min deposit and replace that with rules around income to loan ratios. That would allow more to buy, encouraging developers to build. Then new public transport links allowing commuting via public transport on new links – proving a boost in poorer areas.
The current market outlook is for inflation to rise and typically we’ll see interest rates go with that. So the housing market at least to buy, and hence to build new is going to take another hit. That in turn puts more pressure on the rental market.
The vacant tax will push houses into both rent and purchase markets. But that’s a stop gap.
Renting works in other countries for a myriad of reasons.
The housing crisis in Ireland is a national emergency, but the issue isnt that landlords exist.
Implying all renting is capitalistic greed is a bit excessive and is ignoring the economics of the situation.
What an idiotic post. The economic literacy among those who ‘hate landlords’ is always shockingly low.
Why is this shite posted here, when the point made in the tweet is objectively and factually incorrect?
I agree with many in theis thread that it is not always useful to target landlords on an individual level, but the form of buy-to-let landlordism that exists in most developed western cities should be vilified. They are, for the most part, not building houses but opportunistically buying accomodation in areas that are gentrifying to make a quick buck.
Beyond the impact it has on individuals and families on lower incomes, the “passive income” that most landlords aspire to earn is not useful for society. It economically unproductive, as the landlords earn money without producing any labour and tennants have to spend a higher portion of their wages on rent rather than spreading it around on other commodities, helping growth in the economy.
There is space for a private rental market in society, sure. But not anything like the form it currently takes.
Over 90% of landlords in this country are just ordinary people who have 1 or 2 extra houses that they’ve worked very hard for, we need to focus on institutional investors
Bootlickers are out in force this morning. If you’re a landlord in this country, there’s a 99% you’re scum. The current state of affairs means the rich get richer while making it impossible for the poor to build any kind of wealth, which is entirely in the interests of the landlords doing it.
I will never understand this stupid ass take.
Real life vampires too. Those Conspiracy Guys have a hilarious segway about Irish housing in their Vampire episode.
Property in Ireland is an investment not a home, that’s how it’s treated and that’s not going to change any time soon in my opinion. That investment must grow to keep your voters happy! Government won’t stay in power by providing housing while reducing people’s investments in property.
I reckon the future is you’ll never own property as only funds and the wealthiest will afford it, you’ll rent forever and be happy about it. This is also I think why the government is bringing in the new contributory pension scheme, so you can still pay rent when you retire…
Even Adam Smith said that landlords were parasites. These that claim to be capitalists nowadays would brand Adam Smith a socialist.
I’m a landlord and i built three houses as an investment. Just the same as someone who walks in to the post office to buy prize bonds or shares or bitcoin, dogecoin etc.
I’m self employed so i have no pension and these houses are my plan to secure my family’s future.
I have 13 people living in the 3 houses who’d be looking for accommodation elsewhere had i not built the houses.
4 of the 13 are on HAP.
If i sold the 3 houses to 3 couples that’s 7 people looking for new accommodation. If i sold them to 3 single people that’s 10 people looking for new accommodation.
Its not my fault that the government cant provide enough houses for everyone.
I charge a fair price all 3 4bed houses under 1300eur per month which is limited at 1.5% increase per year despite inflation currently at 8.5%. The rental income pays off the mortgages. It is also taxable.
I’m not under the notion that i’m doing a public service either btw. As stated these were built as an investment.
There are over 140,000 landlords in Ireland too . Normal hardworking people. We’re not all sitting on beaches in Barbados sipping champagne smoking cigars and laughing at the poor people who cant afford to buy.
This country is shite for the average working person. Here’s me investing with my company’s employee stock purchase plan. Hearing great things about our employees in the UK and the 12300 POUNDS allowance they get on profits from investments every year. In Ireland we get 1000 euro a year before they tax the bollocks off you. 1000 a fucking year. An absolute joke that is. Really no point in investing in this shit hole.
This take is so stupid and bad, that it makes me want to raise the mandatory tip for my renters to 50%.
39 comments
It’s a valid take.
They also manage lower quality locations that will have issues to keep the deposits and increase cost
That isn’t the “whole point of landlording”.
That sub in general is a bit of a mess. .
I can think of a lot of businesses that do the same. Berry picking, growing produce or having livestock in general, bottled water in countries where fresh water doesn’t come out the tap, anything in the second hand business. It’s just business as usual.
This really only applies to the big guys. There are a shitload of landlords that have second or third homes due to inheritance or happenstance.
Also, this take assumes that everyone who needs their own accomodation wants to, and can afford to, buy a home. And what I mean by “can afford to” is those that aren’t students or those emerging in the workplace. There is a huge market for rental properties – at least as big as the home ownership market.
What do all the renters do once the basement dwellers of antiwork have eaten all the landlords?
I mean, landlords are gonna landlord. It’s an investment, of course they are going to maximise it, even playing the poor mouth when rent doesn’t pay the mortgage, as if they aren’t getting the asset as well as the money, and assuming they are entitled to investment profits once that investment is housing.
But the real issue is the government not having more regulations to prevent exploitation, and creating an environment where housing is one of the few ways ordinary people can invest for their future outside of pensions.
House prices in Ireland are insane. I inherited a share in a property there with a sibling and some cousins. But none of us can afford to live there. I have one remaining relative there who only manages it because he inherited a sizeable sum along with having some kind of well paid job in social services.
If landlords didn’t exist, how would college students and most people in their 20s have anywhere to live?
Banks will only give mortgages to people (usually couples) with stable incomes.
So I’ve been renting in Dublin from landlords for 15 odd years (will soon move into our first home)
If landlords don’t provide housing- were we homeless without knowing it?
Shame people couldn’t rent them from the government.
🤷♀️
Seems to simple right ?
🤣
That’s nonsense. Lots of people who are working here , have no intentions of ever buying and they need to rent.
Likewise someone on a low income will never be able to buy, with the council not building social houses. Landlords privy de housing to them
Yeah that’s a pretty dumb take. “The whole point of medicine isn’t to make people better, it’s to hoard the medicine, reducing the supply of medicine in the market, to sell it to people who become sick”. Gotcha.
I’m not sure what the worst part of this sub is: the constant posts whingeing about the Brits, the constant posts whingeing about the Americans, or the constant posts of laughable political hot takes tweeted by precocious first year college students.
I rented all through by 20s and I was happy to. What the hell does this person suppose I was meant to do when I was 24, jump straight into buying a house? I’d no interest in owning a house then even if I could have afforded it. They’re basically advocating for the abolishment of rentals which is obviously monumentally stupid.
Jesus I respect some of the concepts from Antiwork (profits & revenue should be reflected fairly in salaries), but this is such a bad take and that subreddit has been pretty much discredited over recent months. Quite literally if I decide to build a house, and end up moving in to my partners house, and rent out the original home I built, I am providing housing that wouldn’t have otherwise existed.
Oh wow a literal who on twitter said something that boils down to pointless sophism??? Fuck who could have seen this coming?
landlords suck!!!1
I’m 15 btw xD
This is clearly a supply issue, but people want a villain. It’d be one thing if there were actually enough housing units for people to rent affordably in areas of economic opportunity even if they couldn’t buy because of supply. That would indicate that the supply was enough to keep rents low. That’s not what’s happening. Rents are high and housing prices are high because all housing is too scarce.
Just build more housing already. The anti-landlord bullshit of the left is such a profound distraction that prevents us from ever addressing this issue.
This horse has been kicked so often, you can see the Nike symbol embedded in its corpse.
Terrible take.
The government is the biggest landlord in the state.
Ireland gives people fuck all viable wealth creation options that you are not taxed the balls off by besides owning property / land and pensions which can massively drop as well because of no fault of your own.
It’s weird to me. A lot of people villainies landlords as a whole. Realistically the problem is 1) firms buying up an entire housing estate pushing first time buyers out of the market and 2) landlords that are under the table that don’t fix anything that’s broken or unsatisfactory to the tennant.
Many people in Ireland. Middle class with a bit of money to invest want to earn more than the small few % on a pension, and don’t want to deal with the massive tax in stock investment. Housing is one of the few sound investments you can make in Ireland without being completely taxed out of your hole.
Unless people plan on building their own wattle and daub accommodation, then landlords, big and small, are essential for the economy and for the provision of shelter. Home ownership rates in Europe are far lower than in Ireland but our “the Brits took our land” and agriculture focussed mindset leads us to want to unnecessarily shoulder the capital burden and financial risk of home ownership. Landlords provide a huge service to those who can’t afford or don’t see the logic in buying a property. Bigger landlords actively drive the construction of new properties, which positively impacts the supply side of economics and slows inflation of rent. Ireland is in a housing crisis because we take a weird French-style socialist approach to punishing landlords rather than incentivising them.
Bought house at height of boom. Still not recovered. So renting it out makes sense. Have an amazing family in old house now, haven’t raised the rent since we started renting 5 years ago.
Not all landlords are hoarders, some like us, are stuck with a house we’d loose money on if sold. So we do next best thing.
Rents might be through the roof but property prices have not recovered, at least we’re we are to what they were at 2008 – when we were told that “the list price is just the starting point” by the estate agent, and we saw houses jump by €100k in less than 6 months.
The 20% min deposit made buying a place impossible for many. Reducing the house purchase market… and if people can’t buy, they’ll rent. So house prices stagnate, rents sky rocket.
Who builds houses to rent out? – only big companies who can afford the long wait to recoup their costs, and government.
What’s the result; lack of new houses. Old house lie empty – if they don’t cost anything and mortgage is paid off then no point selling them on to make a loss, better to leave them wait for stagnant house market to recover.
Then add in super crap public transport and you’ve a whole bunch of people wanting to live in same / similar areas with no housing available and little incentive for anyone to build more.
The solution isn’t just a vacant property tax, it’s an all up review of housing, one that’s coupled with transport and local services. I like the vacant property tax. But I’d also add in a removal of the 20% min deposit and replace that with rules around income to loan ratios. That would allow more to buy, encouraging developers to build. Then new public transport links allowing commuting via public transport on new links – proving a boost in poorer areas.
The current market outlook is for inflation to rise and typically we’ll see interest rates go with that. So the housing market at least to buy, and hence to build new is going to take another hit. That in turn puts more pressure on the rental market.
The vacant tax will push houses into both rent and purchase markets. But that’s a stop gap.
Renting works in other countries for a myriad of reasons.
The housing crisis in Ireland is a national emergency, but the issue isnt that landlords exist.
Implying all renting is capitalistic greed is a bit excessive and is ignoring the economics of the situation.
What an idiotic post. The economic literacy among those who ‘hate landlords’ is always shockingly low.
Why is this shite posted here, when the point made in the tweet is objectively and factually incorrect?
I agree with many in theis thread that it is not always useful to target landlords on an individual level, but the form of buy-to-let landlordism that exists in most developed western cities should be vilified. They are, for the most part, not building houses but opportunistically buying accomodation in areas that are gentrifying to make a quick buck.
Beyond the impact it has on individuals and families on lower incomes, the “passive income” that most landlords aspire to earn is not useful for society. It economically unproductive, as the landlords earn money without producing any labour and tennants have to spend a higher portion of their wages on rent rather than spreading it around on other commodities, helping growth in the economy.
There is space for a private rental market in society, sure. But not anything like the form it currently takes.
Over 90% of landlords in this country are just ordinary people who have 1 or 2 extra houses that they’ve worked very hard for, we need to focus on institutional investors
Bootlickers are out in force this morning. If you’re a landlord in this country, there’s a 99% you’re scum. The current state of affairs means the rich get richer while making it impossible for the poor to build any kind of wealth, which is entirely in the interests of the landlords doing it.
I will never understand this stupid ass take.
Real life vampires too. Those Conspiracy Guys have a hilarious segway about Irish housing in their Vampire episode.
Property in Ireland is an investment not a home, that’s how it’s treated and that’s not going to change any time soon in my opinion. That investment must grow to keep your voters happy! Government won’t stay in power by providing housing while reducing people’s investments in property.
I reckon the future is you’ll never own property as only funds and the wealthiest will afford it, you’ll rent forever and be happy about it. This is also I think why the government is bringing in the new contributory pension scheme, so you can still pay rent when you retire…
Even Adam Smith said that landlords were parasites. These that claim to be capitalists nowadays would brand Adam Smith a socialist.
I’m a landlord and i built three houses as an investment. Just the same as someone who walks in to the post office to buy prize bonds or shares or bitcoin, dogecoin etc.
I’m self employed so i have no pension and these houses are my plan to secure my family’s future.
I have 13 people living in the 3 houses who’d be looking for accommodation elsewhere had i not built the houses.
4 of the 13 are on HAP.
If i sold the 3 houses to 3 couples that’s 7 people looking for new accommodation. If i sold them to 3 single people that’s 10 people looking for new accommodation.
Its not my fault that the government cant provide enough houses for everyone.
I charge a fair price all 3 4bed houses under 1300eur per month which is limited at 1.5% increase per year despite inflation currently at 8.5%. The rental income pays off the mortgages. It is also taxable.
I’m not under the notion that i’m doing a public service either btw. As stated these were built as an investment.
There are over 140,000 landlords in Ireland too . Normal hardworking people. We’re not all sitting on beaches in Barbados sipping champagne smoking cigars and laughing at the poor people who cant afford to buy.
This country is shite for the average working person. Here’s me investing with my company’s employee stock purchase plan. Hearing great things about our employees in the UK and the 12300 POUNDS allowance they get on profits from investments every year. In Ireland we get 1000 euro a year before they tax the bollocks off you. 1000 a fucking year. An absolute joke that is. Really no point in investing in this shit hole.
This take is so stupid and bad, that it makes me want to raise the mandatory tip for my renters to 50%.