Delusional waste of time, because the short term market is incredibly correlated with the long term market now.
I would bet the house I will never be able to afford that they will bottle this.
Huge red flag early on in the article – He said that while regulations brought in in 2019 are “strong”, he does not believe they are being “adhered to”.
The regulations are not strong and the fact that there would be a total disregard for the rules because of how they were drafted was very well sign posted and they went ahead and introduced them anyway. I realise he could be taking it easy on FG but my guess is that he actually believes it. Would love to be wrong though.
I fully expect anything the gov will be the lightest slap on the wrist.
The damage these short term rentals / Airbnbs do a rental market is widely known in many countries. And restricting them has proven to help curb housing shortages. But as stated “one persons rent in another persons income” and we can’t be hurting the upper class slum lords now can we?
That Sinn Fein bill would be a game changer. Putting the onus on estate agents to ascertain whether their client is planning compliant prior to acting for them, is something that would have a positive impact the next day. Currently, the legislation governing letting agents allows them to accept their clients’ bona fides and a brief look on Daft will show you how effective that approach is.
Now, there is a drawback. In my experience, at least two of every ten rentals that appear on Daft are not planning compliant, and a large proportion of that cohort would never receive planning permission. I’m talking your subdivisions, your converted sheds or side garages, your granny flats. If that bill became law, all of those properties would be removed from circulation forever so there would definitely be some short term pain for renters.
However, that pain has to be balanced against the pain of the poor, desperate, and in many cases, vulnerable tenants who live in such places, overseen by greedy slum landlords. Maybe if local authorities were forced to deal with these tenants rather than ignore them as they languish in their ‘ghost’ rentals, well, maybe something would change.
The existing rules were pretty good. The main issue was enforcement.
sounds like they are trying to shift responsibility for enforcement onto the platforms, which might work. There are many different ways to approach this problem and fix it pretty easily. It is the low hanging fruit of the housing crisis. The fact that it hasn’t been addressed properly yet says enough for me.
Would banning airbnb work in fixing the housing crisis?
8 comments
bye bye airbnb
Delusional waste of time, because the short term market is incredibly correlated with the long term market now.
I would bet the house I will never be able to afford that they will bottle this.
Huge red flag early on in the article – He said that while regulations brought in in 2019 are “strong”, he does not believe they are being “adhered to”.
The regulations are not strong and the fact that there would be a total disregard for the rules because of how they were drafted was very well sign posted and they went ahead and introduced them anyway. I realise he could be taking it easy on FG but my guess is that he actually believes it. Would love to be wrong though.
I fully expect anything the gov will be the lightest slap on the wrist.
The damage these short term rentals / Airbnbs do a rental market is widely known in many countries. And restricting them has proven to help curb housing shortages. But as stated “one persons rent in another persons income” and we can’t be hurting the upper class slum lords now can we?
Joke country, visit Ireland, actually don’t Visit Ireland.
That Sinn Fein bill would be a game changer. Putting the onus on estate agents to ascertain whether their client is planning compliant prior to acting for them, is something that would have a positive impact the next day. Currently, the legislation governing letting agents allows them to accept their clients’ bona fides and a brief look on Daft will show you how effective that approach is.
Now, there is a drawback. In my experience, at least two of every ten rentals that appear on Daft are not planning compliant, and a large proportion of that cohort would never receive planning permission. I’m talking your subdivisions, your converted sheds or side garages, your granny flats. If that bill became law, all of those properties would be removed from circulation forever so there would definitely be some short term pain for renters.
However, that pain has to be balanced against the pain of the poor, desperate, and in many cases, vulnerable tenants who live in such places, overseen by greedy slum landlords. Maybe if local authorities were forced to deal with these tenants rather than ignore them as they languish in their ‘ghost’ rentals, well, maybe something would change.
The existing rules were pretty good. The main issue was enforcement.
sounds like they are trying to shift responsibility for enforcement onto the platforms, which might work. There are many different ways to approach this problem and fix it pretty easily. It is the low hanging fruit of the housing crisis. The fact that it hasn’t been addressed properly yet says enough for me.
Would banning airbnb work in fixing the housing crisis?