Who gives a feck if small landlords leave the market? I’ve dealt with plenty over the years and the vast majority were absolute chancers who were slow to fix issues if they bothered at all, and were in no hurry to give a deposit back (again, if they bothered at all).
Big landlords have plenty of problems of their own like but I’ve had far better experiences with them for the most part.
Passive income on an asset increasing in value and their complaining that they have to pay income tax?
There might be some good landlords out there but the vast majority of the ones I’ve dealt with are so slow to do anything to actually help the tenants you end up fixing stuff yourself to save the stress.
How about giving more incentives on the construction side / tax breaks for social housing construction etc instead of making landlords wealthier?
> …O’Brien further declared he was a landlord from 2007-2015. He found himself in possession of not one, but two houses, so chose to rent one out, starting in the heady, pre-crash era.
>
> O’Brien along with his wife bought a family home in 2007, but decided against selling his former residence – a two-bed apartment in Malahide.
I understand the logic of this which is beyond “BlEediN lAnDLorDs”
Though, for something like this to work it has to be implemented alongside a vacant property levy.
Landlord party increases profit margins for landlords. More at 9.
They’re not happy with just having their cake, nor with eating it too. They want us to pay them a premium for us to maintain it for them until they feel like eating it.
Claiming landlords leaving the market causes the rent emergency to worsen is like claiming quitting smoking causes weight gain. It’s technically true but was an overwhelmingly negative situation to begin with and it’s a fool’s errand focusing on that instead of finding an actual solution.
Where exactly are all these landlords going and how are they bringing their houses with them?
We need large, not small landlords BUT those landlords should be government-backed housing bodies, not build-to-rent pension funds from outside Ireland.
If I pay rent to a build-to-rent pension fund, the money leaves the system (in fact it even leaves the country, and is taxed very little on the way out).
If I pay rent into a not-for-profit government backed housing body, the rent is lower and, crucially, the money stays within the system.
This is the situation in Vienna where a massive 60% of renters rent from government backed housing bodies.
Vienna has had a massive population increase in the last few decades.
The price of a 2 bed, high quality apartment, close to the city centre is 600-700 a month.
This is the model we should be adopting here.
They should be driven out, we should be actively working to achieve this. The first day of our independence private landlordism should have been outlawed. Down through our history they have been parasites living off the people. Our starting point for housing should be no private landlords.
At this stage I think would prefer some honesty from the government, civil servants, planners, councils and politicians. That they have managed to lose any semblance of control over the housing and rental markets that one of the richest countries have over their market. The measures that they put in place were too little, too late and not resourced enough. The planning guidelines and the urban planning are years too late and not ambitious enough. We knew our population would grow and that most of it would be in urban areas. So why the fuck did we not build more fucking housing. This ‘crisis’ has been going on for over decade but the seeds were sown decades before. So many people are blame: politicians, planning offices, council officials, architects, even college lecturers who train them. Last election housing was the main topic on everyone’s mind and years later it is worse. FF and FG deserve to lose the next election over this, unfortunately SF will be in power and they will fuck is up.
Ship has largely sailed on that idea. How about they actually just make all the funds and investors pay tax on income and capital gains from all the apartments they are buying to rent rather than letting them structure investments to avail of bogus but legal schemes that let them pretend the are a charity structure with a charity named as a beneficiary in return for tax exemptions with exactly zero chance of that charity ever getting a penny?
Absolutely. Shit landlords deserve a tax break for having renters pay their mortgage.
Always about the landlords. Always about the market. Never about the people. That’s how weak the politics is.
Anything to be said for a guillotine yet?
Landlords are charging the highest rents in the history of the state. Rents in Dublin (and I think nationwide?) are more than 100% of their 2012 equivalent. Landlords have never been making more money from renting. How does facilitating even higher profits make sense in the context of increasing supply?
Or, landlords should stop expecting to earn such a large income from renting property. If the rent covers the mortgage on the house then ultimately the owner has an asset increasing in value and when they sell the property eventually they will get the profit from this increase in valuation over 20 years or whatever, minus the tax.
19 comments
What type of a prick looks at the housing crisis and worries for the landlords?
Average price of a house in Dublin is 500,000. So the housing minister is concerned for our poor millionaires?
https://www.irishtimes.com/business/economy/500-000-price-tag-for-average-dublin-property-1.4804058
Who gives a feck if small landlords leave the market? I’ve dealt with plenty over the years and the vast majority were absolute chancers who were slow to fix issues if they bothered at all, and were in no hurry to give a deposit back (again, if they bothered at all).
Big landlords have plenty of problems of their own like but I’ve had far better experiences with them for the most part.
Passive income on an asset increasing in value and their complaining that they have to pay income tax?
There might be some good landlords out there but the vast majority of the ones I’ve dealt with are so slow to do anything to actually help the tenants you end up fixing stuff yourself to save the stress.
How about giving more incentives on the construction side / tax breaks for social housing construction etc instead of making landlords wealthier?
> …O’Brien further declared he was a landlord from 2007-2015. He found himself in possession of not one, but two houses, so chose to rent one out, starting in the heady, pre-crash era.
>
> O’Brien along with his wife bought a family home in 2007, but decided against selling his former residence – a two-bed apartment in Malahide.
https://www.broadsheet.ie/2021/05/07/the-gaffer/
I understand the logic of this which is beyond “BlEediN lAnDLorDs”
Though, for something like this to work it has to be implemented alongside a vacant property levy.
Landlord party increases profit margins for landlords. More at 9.
They’re not happy with just having their cake, nor with eating it too. They want us to pay them a premium for us to maintain it for them until they feel like eating it.
Claiming landlords leaving the market causes the rent emergency to worsen is like claiming quitting smoking causes weight gain. It’s technically true but was an overwhelmingly negative situation to begin with and it’s a fool’s errand focusing on that instead of finding an actual solution.
Where exactly are all these landlords going and how are they bringing their houses with them?
We need large, not small landlords BUT those landlords should be government-backed housing bodies, not build-to-rent pension funds from outside Ireland.
If I pay rent to a build-to-rent pension fund, the money leaves the system (in fact it even leaves the country, and is taxed very little on the way out).
If I pay rent into a not-for-profit government backed housing body, the rent is lower and, crucially, the money stays within the system.
This is the situation in Vienna where a massive 60% of renters rent from government backed housing bodies.
Vienna has had a massive population increase in the last few decades.
The price of a 2 bed, high quality apartment, close to the city centre is 600-700 a month.
This is the model we should be adopting here.
They should be driven out, we should be actively working to achieve this. The first day of our independence private landlordism should have been outlawed. Down through our history they have been parasites living off the people. Our starting point for housing should be no private landlords.
At this stage I think would prefer some honesty from the government, civil servants, planners, councils and politicians. That they have managed to lose any semblance of control over the housing and rental markets that one of the richest countries have over their market. The measures that they put in place were too little, too late and not resourced enough. The planning guidelines and the urban planning are years too late and not ambitious enough. We knew our population would grow and that most of it would be in urban areas. So why the fuck did we not build more fucking housing. This ‘crisis’ has been going on for over decade but the seeds were sown decades before. So many people are blame: politicians, planning offices, council officials, architects, even college lecturers who train them. Last election housing was the main topic on everyone’s mind and years later it is worse. FF and FG deserve to lose the next election over this, unfortunately SF will be in power and they will fuck is up.
[Georgist](https://en.m.wikipedia.org/wiki/Georgism)
would have good stuff to add here.
Ship has largely sailed on that idea. How about they actually just make all the funds and investors pay tax on income and capital gains from all the apartments they are buying to rent rather than letting them structure investments to avail of bogus but legal schemes that let them pretend the are a charity structure with a charity named as a beneficiary in return for tax exemptions with exactly zero chance of that charity ever getting a penny?
Absolutely. Shit landlords deserve a tax break for having renters pay their mortgage.
Always about the landlords. Always about the market. Never about the people. That’s how weak the politics is.
Anything to be said for a guillotine yet?
Landlords are charging the highest rents in the history of the state. Rents in Dublin (and I think nationwide?) are more than 100% of their 2012 equivalent. Landlords have never been making more money from renting. How does facilitating even higher profits make sense in the context of increasing supply?
Or, landlords should stop expecting to earn such a large income from renting property. If the rent covers the mortgage on the house then ultimately the owner has an asset increasing in value and when they sell the property eventually they will get the profit from this increase in valuation over 20 years or whatever, minus the tax.