If the nuanced bit is that successive governments outsourced social housing to landlords, subsidised them to the tune of billions, built fuck all social housing while giving incentives to REITS for expensive build to rent then I’m on board with this.
The bottom left is an FG incel btw.
I don’t think anybody’s crying about landlords leaving the market
A lot of the landlords selling up are in arrears and can finally clear the mortgage by selling the house. It doesn’t matter what happens these landlords will sell up anyway.
>Arrears
>
>At end-December 2020, there were 96,415 residential mortgage accounts for Irish buy-to-let (BTL) properties, with an outstanding balance of €15.4 billion. Some 15,138 BTL accounts were in arrears at end-December, a decrease of 659 accounts or 4 per cent over the quarter. Of the total BTL stock, 12,615 accounts or 13.1 per cent were in arrears of more than 90 days (Chart 7), reflecting a decrease of 0.5 per cent over the quarter. The outstanding balance on all BTL mortgage accounts in arrears of more than 90 days was €3.2 billion at end-December, equivalent to 21 per cent of the balance outstanding on BTL accounts.
It’s crazy how landlords are selling now when there’s record high rents and not the past decade.
Unless tenants have become worse in the past 2-3 years?
It’s almost like they’re selling up because theres sky high property prices due to a dysfunctional property market and the landlord can realise a return on their investment
Oof this isn’t gonna go down very well on this sun good luck pal
Talks about nuance while reducing a complex set of needs and beliefs down to a 4chan meme.
I wish landlords sold their buy-to-rent investments to all the people who want to buy-to-live and….
-People can buy forever homes if thats what they want
-That the council and housing charities can buy homes for people who can’t
-That communities have stability
-That children can go to the same school that they did last year.
-That couples who aren’t ready to buy can move into the places formerly rented by people who could buy
-that single professionals can move into the one-beds that the couples were in
-that students and graduates can move into the houseshares the professionals were renting.
This won’t solve the housing shortage but it will make the shortage less horrible for many
8 comments
If the nuanced bit is that successive governments outsourced social housing to landlords, subsidised them to the tune of billions, built fuck all social housing while giving incentives to REITS for expensive build to rent then I’m on board with this.
The bottom left is an FG incel btw.
I don’t think anybody’s crying about landlords leaving the market
A lot of the landlords selling up are in arrears and can finally clear the mortgage by selling the house. It doesn’t matter what happens these landlords will sell up anyway.
>Arrears
>
>At end-December 2020, there were 96,415 residential mortgage accounts for Irish buy-to-let (BTL) properties, with an outstanding balance of €15.4 billion. Some 15,138 BTL accounts were in arrears at end-December, a decrease of 659 accounts or 4 per cent over the quarter. Of the total BTL stock, 12,615 accounts or 13.1 per cent were in arrears of more than 90 days (Chart 7), reflecting a decrease of 0.5 per cent over the quarter. The outstanding balance on all BTL mortgage accounts in arrears of more than 90 days was €3.2 billion at end-December, equivalent to 21 per cent of the balance outstanding on BTL accounts.
[https://www.centralbank.ie/docs/default-source/statistics/data-and-analysis/credit-and-banking-statistics/mortgage-arrears/residential-mortgage-arrears-and-repossession-statistics-december-2020.pdf?sfvrsn=4#:~:text=Of%20the%20total%20number%20of%20BTL%20accounts%20in%20arrears%2C%2019,in%20arrears%20over%2010%20years](https://www.centralbank.ie/docs/default-source/statistics/data-and-analysis/credit-and-banking-statistics/mortgage-arrears/residential-mortgage-arrears-and-repossession-statistics-december-2020.pdf?sfvrsn=4#:~:text=Of%20the%20total%20number%20of%20BTL%20accounts%20in%20arrears%2C%2019,in%20arrears%20over%2010%20years).
wtf is this shit meme, cop on neckbeard
It’s crazy how landlords are selling now when there’s record high rents and not the past decade.
Unless tenants have become worse in the past 2-3 years?
It’s almost like they’re selling up because theres sky high property prices due to a dysfunctional property market and the landlord can realise a return on their investment
Oof this isn’t gonna go down very well on this sun good luck pal
Talks about nuance while reducing a complex set of needs and beliefs down to a 4chan meme.
I wish landlords sold their buy-to-rent investments to all the people who want to buy-to-live and….
-People can buy forever homes if thats what they want
-That the council and housing charities can buy homes for people who can’t
-That communities have stability
-That children can go to the same school that they did last year.
-That couples who aren’t ready to buy can move into the places formerly rented by people who could buy
-that single professionals can move into the one-beds that the couples were in
-that students and graduates can move into the houseshares the professionals were renting.
This won’t solve the housing shortage but it will make the shortage less horrible for many