Bastards, no one is asking for a vacant property tax
edit: /jk
It’s not vacant. It’s an Air BnB.
Should be a clause which states in a RPZ, any Airbnb must first be offered to the state as social housing at mortgage repayment +10%.
In the north they brought in vacant home rates and those houses all of a sudden were not vacant for much longer. Now it was, depending on the location, close to 1k or more a year for the rates. If they were just properly ruins they had to have an assessor from the rates office do a valuation on it and it would literally have had to have been a ruins
This is tantamount to robbery, but knee jerk reactions here suggest it’s welcome. You pay tax on your income, pay stamp duty on the house, property tax on the house, interest to the bank on your mortgage, and now an tax again?
Should people just hand over their entire paycheck?
I watched one of those YouTube channels that shows all those vacant country houses in Japan. One of the stats mentioned was that Japan was at 14% for vacant houses, Ireland was 10%.
Didn’t revenue and pascal basically already say no to a vacancy tax this past week? The greens will need to pressure him on it.
A lot of people will now start saying this won’t solve the housing crisis and it’s just a distraction from less construction of newer houses. Many Nimby people will say the exact opposite, that we don’t need new houses, just need to tax and revamp vacant houses.
The reality is we need both. No single solution exists for the housing crisis now. We need to be firing on all cylinders and doing everything we can to bring more property on rental and buying markets: targeting airbnbs, targeting vacant properties, targeting empty lands with planning permission, targeting construction costs and land costs, targeting shortage of labour, targeting corps buying up family homes.
The gov get advised on lots of clearly obvious shit that they will just ignore though.
137.000 thousand, what a disgrace.
I know many of them won’t be suitable for living but fuck me that’s a joke.
I’m often critical of this government been too much stick and not enough carrot, but this is a badly needed and much welcome stick!
Ah 137000 public homes waiting to happen let’s gooo
We can’t piss off our wealthy voters can we FFFG? watch this get binned
Curious then if this was implemented, who gets taxes when the property owner isn’t identified/deceased/abroad
Will it just sit there dormant?
Does seem like somewhat of a step in the right direction though.
I don’t see a problem with this? So many nice places that could be done up.
Election buying at this point. FFG have made their bed and they sleep with the property owning sector of voting public and have no incentive to balance house prices with the economy but every incentive to appear to be doing SOMETHING or they’ll get killed in the election. I have no confidence and over a decade of evidence to the contrary.
If you want to embrace the ideology of making commodities out of housing then this needs to be a core part of that.
Sorry leoliberals but you cant have it only one way! Continuous price rises.
However the political reality is is that FG will drag their feet on this. The previous law wasnt even enforced. That tells you all you need to know about how serious this gov is about tackling the housing crisis.
>“In this respect, having carried out a pilot survey in four electoral divisions, DCC identified 213 potentially vacant homes, of which just 49 were confirmed as being vacant, with just 16 of those being confirmed as being vacant long term.”
>The council “advised that this dispels the assumption that there are over 30,000 vacant units in the city as per CSO data”.
>“DCC advised for many properties identified as vacant or derelict there are often title difficulties, legal and probate issues, and owners with financial or other difficulties preventing them from making use of properties or sites.”
What’s the definition of “vacant” here? Do holiday homes count?
They have been talking about doing this for years.
Also I have no faith in DCC to carry out any survey or task or anything that involves planning or effort.
213 across four electoral districts…
This sounds good in theory but I can see it instead just meaning that individuals who can’t pay the tax being forced to see their properties to companies/vulture funds that can easily cover the cost of the tax (and that’s even assuming there is no loop hole for mega companies to get out of paying the tax). Not that I have any sympathy for the people who hold any properties empty to raise the house equity during a housing crisis (fuck those people) but giving it all over to the vulture funds is not an ideal scenario.
The whole housing “market” needs to change. Companies and those living outside of Ireland should not be able to own property in Ireland and leave it empty/turn it into an AirBnB. People should be restricted in the number of properties they can own. Only by removing the market and making housing a speculative investment can we fix the housing crisis.
This took so long because until last November:
1. We didn’t know what we were counting – this is ‘vacant’, not ‘derelict’. ‘Vacant’ is like 20 types of empty properties, from dereliction to summer homes that are barely used.
2. Wasn’t really anybody’s job to count ’em
3. Didn’t know what tax would actually be effective during covid – i.e. the 14% tax we’d already been considering as a country, it turns out, would’ve still been less than the projected 15% price inflation!
A lot of derelict properties are actually on state land. Sometimes directly held by the council, sometimes we own the land but not the property – it actually gets murk pretty quick.
Quiet hope is that most derelictions, when faced with a serious tax, will go up for sale. In the first instance, the State wants to buy them for social housing.
A load of derelictions have already been turned into State-backed affordable and social housing (a load opened in Cavan the other day for example), and the idea is to focus on where there are clusters of them. Easier to build 10 houses on 1 site, than 10 houses on 10 different sites. Can build more, and faster.
State very keen to just get these turned around into homes ASAP. If you, a regular (not millionaire) homebuyer, want to buy a fixer upper, the State is looking to introduce a special grant to help you do that.
At this stage it’s all down to available workforce. Keeping builders people away from hotels and shopping centres is hard enough, there’s flip all money in building social housing, and it’s very short term work – much less security than building an office complex in Limerick or something.
Big apprenticeship schemes and incentives, as well as PLC and Level 7 courses launching, but it takes years for those guys to qualify.
I have been mentioning this for a while. There are more than that according to the most recent Census but it’s a start. Need to make it a national body though with some actual tangible powers of enforcement. Passing it off to local councils to enforce will end up toothless.
Stop talking about doing things and actually do something..
This is positive. But whenever anything kike this pops along it gets diluted by lobbyists. So we all know this shoukd happen and we all know that the tax should grow i.e. 2% of the house’s value in year 1, 4% in year 2, 10% in year 3 etc.
We also all know that this shoukd be properly enforced. If it was , it would make a massive impact.
But what’s likely to happen is a tiny tax, with delays to implementation because the civil service havent a definition of unoccupied houses or a database of houses. Net result: zero.
>, and owners with financial or other difficulties preventing them from making use of properties or sites.”
If only our society had some process by which someone owning an asset they can’t develop could trade it to another person who wanted it and would use it in exchange for something of value! Will this problem never be solved?
Sarcasm aside, vacant land tax helps solve this problem. People already making a poor financial decision receive motivation to make the smart choice and sell a fallow asset. The person who buys uses the property, the system becomes more efficient.
Why the fuck are we still discussing this. It should have happened years ago.
Take your time lads, maybe it’ll be in place by 2026.
if this doesn’t work, compulsory purchase orders next. If they can do it to build data centres they can do it to stop the housing crisis.
And, nothing will happen.
I’d be very surprised if the real number was this high. I think there’s a huge amount of these homes that are rented to people for cash in hand. Then you’ve the thousands that might be in probate, receivership, in sale process etc.
Definitely a good step though. Hopefully it’s a hard and swift implementation.
Fucking crucify them with tax so they sell fast
>“DCC advised for many properties identified as vacant or derelict there are often title difficulties, legal and probate issues, and owners with financial or other difficulties preventing them from making use of properties or sites.
That’s it so. No point in trying.
Government does what its knows best, filling its own fucking pockets…
Excuse my ignorance. But how long would a property need to be vacant? Over 12 months?
35 comments
Bastards, no one is asking for a vacant property tax
edit: /jk
It’s not vacant. It’s an Air BnB.
Should be a clause which states in a RPZ, any Airbnb must first be offered to the state as social housing at mortgage repayment +10%.
In the north they brought in vacant home rates and those houses all of a sudden were not vacant for much longer. Now it was, depending on the location, close to 1k or more a year for the rates. If they were just properly ruins they had to have an assessor from the rates office do a valuation on it and it would literally have had to have been a ruins
This is tantamount to robbery, but knee jerk reactions here suggest it’s welcome. You pay tax on your income, pay stamp duty on the house, property tax on the house, interest to the bank on your mortgage, and now an tax again?
Should people just hand over their entire paycheck?
I watched one of those YouTube channels that shows all those vacant country houses in Japan. One of the stats mentioned was that Japan was at 14% for vacant houses, Ireland was 10%.
Didn’t revenue and pascal basically already say no to a vacancy tax this past week? The greens will need to pressure him on it.
A lot of people will now start saying this won’t solve the housing crisis and it’s just a distraction from less construction of newer houses. Many Nimby people will say the exact opposite, that we don’t need new houses, just need to tax and revamp vacant houses.
The reality is we need both. No single solution exists for the housing crisis now. We need to be firing on all cylinders and doing everything we can to bring more property on rental and buying markets: targeting airbnbs, targeting vacant properties, targeting empty lands with planning permission, targeting construction costs and land costs, targeting shortage of labour, targeting corps buying up family homes.
The gov get advised on lots of clearly obvious shit that they will just ignore though.
137.000 thousand, what a disgrace.
I know many of them won’t be suitable for living but fuck me that’s a joke.
I’m often critical of this government been too much stick and not enough carrot, but this is a badly needed and much welcome stick!
Ah 137000 public homes waiting to happen let’s gooo
We can’t piss off our wealthy voters can we FFFG? watch this get binned
Curious then if this was implemented, who gets taxes when the property owner isn’t identified/deceased/abroad
Will it just sit there dormant?
Does seem like somewhat of a step in the right direction though.
I don’t see a problem with this? So many nice places that could be done up.
Election buying at this point. FFG have made their bed and they sleep with the property owning sector of voting public and have no incentive to balance house prices with the economy but every incentive to appear to be doing SOMETHING or they’ll get killed in the election. I have no confidence and over a decade of evidence to the contrary.
If you want to embrace the ideology of making commodities out of housing then this needs to be a core part of that.
Sorry leoliberals but you cant have it only one way! Continuous price rises.
However the political reality is is that FG will drag their feet on this. The previous law wasnt even enforced. That tells you all you need to know about how serious this gov is about tackling the housing crisis.
>“In this respect, having carried out a pilot survey in four electoral divisions, DCC identified 213 potentially vacant homes, of which just 49 were confirmed as being vacant, with just 16 of those being confirmed as being vacant long term.”
>The council “advised that this dispels the assumption that there are over 30,000 vacant units in the city as per CSO data”.
>“DCC advised for many properties identified as vacant or derelict there are often title difficulties, legal and probate issues, and owners with financial or other difficulties preventing them from making use of properties or sites.”
What’s the definition of “vacant” here? Do holiday homes count?
They have been talking about doing this for years.
Also I have no faith in DCC to carry out any survey or task or anything that involves planning or effort.
213 across four electoral districts…
This sounds good in theory but I can see it instead just meaning that individuals who can’t pay the tax being forced to see their properties to companies/vulture funds that can easily cover the cost of the tax (and that’s even assuming there is no loop hole for mega companies to get out of paying the tax). Not that I have any sympathy for the people who hold any properties empty to raise the house equity during a housing crisis (fuck those people) but giving it all over to the vulture funds is not an ideal scenario.
The whole housing “market” needs to change. Companies and those living outside of Ireland should not be able to own property in Ireland and leave it empty/turn it into an AirBnB. People should be restricted in the number of properties they can own. Only by removing the market and making housing a speculative investment can we fix the housing crisis.
This took so long because until last November:
1. We didn’t know what we were counting – this is ‘vacant’, not ‘derelict’. ‘Vacant’ is like 20 types of empty properties, from dereliction to summer homes that are barely used.
2. Wasn’t really anybody’s job to count ’em
3. Didn’t know what tax would actually be effective during covid – i.e. the 14% tax we’d already been considering as a country, it turns out, would’ve still been less than the projected 15% price inflation!
A lot of derelict properties are actually on state land. Sometimes directly held by the council, sometimes we own the land but not the property – it actually gets murk pretty quick.
Quiet hope is that most derelictions, when faced with a serious tax, will go up for sale. In the first instance, the State wants to buy them for social housing.
A load of derelictions have already been turned into State-backed affordable and social housing (a load opened in Cavan the other day for example), and the idea is to focus on where there are clusters of them. Easier to build 10 houses on 1 site, than 10 houses on 10 different sites. Can build more, and faster.
State very keen to just get these turned around into homes ASAP. If you, a regular (not millionaire) homebuyer, want to buy a fixer upper, the State is looking to introduce a special grant to help you do that.
At this stage it’s all down to available workforce. Keeping builders people away from hotels and shopping centres is hard enough, there’s flip all money in building social housing, and it’s very short term work – much less security than building an office complex in Limerick or something.
Big apprenticeship schemes and incentives, as well as PLC and Level 7 courses launching, but it takes years for those guys to qualify.
I have been mentioning this for a while. There are more than that according to the most recent Census but it’s a start. Need to make it a national body though with some actual tangible powers of enforcement. Passing it off to local councils to enforce will end up toothless.
Stop talking about doing things and actually do something..
This is positive. But whenever anything kike this pops along it gets diluted by lobbyists. So we all know this shoukd happen and we all know that the tax should grow i.e. 2% of the house’s value in year 1, 4% in year 2, 10% in year 3 etc.
We also all know that this shoukd be properly enforced. If it was , it would make a massive impact.
But what’s likely to happen is a tiny tax, with delays to implementation because the civil service havent a definition of unoccupied houses or a database of houses. Net result: zero.
>, and owners with financial or other difficulties preventing them from making use of properties or sites.”
If only our society had some process by which someone owning an asset they can’t develop could trade it to another person who wanted it and would use it in exchange for something of value! Will this problem never be solved?
Sarcasm aside, vacant land tax helps solve this problem. People already making a poor financial decision receive motivation to make the smart choice and sell a fallow asset. The person who buys uses the property, the system becomes more efficient.
Why the fuck are we still discussing this. It should have happened years ago.
Take your time lads, maybe it’ll be in place by 2026.
if this doesn’t work, compulsory purchase orders next. If they can do it to build data centres they can do it to stop the housing crisis.
And, nothing will happen.
I’d be very surprised if the real number was this high. I think there’s a huge amount of these homes that are rented to people for cash in hand. Then you’ve the thousands that might be in probate, receivership, in sale process etc.
Definitely a good step though. Hopefully it’s a hard and swift implementation.
Fucking crucify them with tax so they sell fast
>“DCC advised for many properties identified as vacant or derelict there are often title difficulties, legal and probate issues, and owners with financial or other difficulties preventing them from making use of properties or sites.
That’s it so. No point in trying.
Government does what its knows best, filling its own fucking pockets…
Excuse my ignorance. But how long would a property need to be vacant? Over 12 months?