I have the feeling that condensing arguments into a 38 second video, a 280 character tweet, or even a Simpsons meme might not be helpful in actually discussing the issue in any meaningful way.
That flying text is shit
Is there a rent cap?
Bad take
Landlords aren’t the ones providing a property, developers are. No housing crisis, particularly one as systematic as Ireland’s, is going to be fixed by doubling the number of people being landlords. A functional housing market, and rental market, is not a bunch more people renting out their spare room. I’d rather they did, and it would likely ease some of the pressure, but it’s not a solution, and framing the housing situation in Ireland as a consequence of disincentivising landlords is incredibly misleading.
To start with, if you’re renting out a room in the property where you live, you’re already getting €14000 tax free. If you’re making beyond that, or you’re renting out a second property you own, then frankly you should be paying crazy tax. Owing a property you don’t need and aren’t using in the middle of a housing crisis should be discouraged.
Renting out is still effectively free money. If it’s not as much free money as you’d hoped it’s not a situation that’s going to bring tears to most people’s eyes.
Is that a shot of Kevin Kilbane about 1 second in?
Gas the way he used a stock image of people queueing outside the Colosseum
This is your brain on Neoclassical economics
He’s actually spot on. But the Irish won’t admit it
Small time landlords are being penalised by government- you can plainly see it in tax policy and property related regulations. By contrast, large scale, corporate landlords are actively incentivised.
The effect of landlords leaving the market is twofold. On the face of it, it evicts renters in favour of owner occupiers. But it’s not an equal swap – it also tends to increase homelessness as owner-occupied houses are more likely to have vacant rooms.A cynical person might think FF/FG have calculated that votes tend to come more from owners than renters…
Some prospective purchasers imagine every renter to be a frustrated purchaser and landlords to be pointless middlemen. But neither is true. Some people need a place to rent, for at least a period of their lives. That’s always been the case and always will.
What he isn’t mentioning is land prices or short term lets or the fact that most of the landlords leaving the market have less that 3 properties, are over the age of 55 and are cashing out after buying at the peak of the celtic tiger. I could go on but it’s late and I’m tired of typing.
Hello we should never intervene and if we just let landlords do what they want all will be good. The end
2/3 points are just false. Is the tax rate on rental income a flat 52% or is it just treated the same as income tax? If it’s the latter my heart bleeds for them as I work 40 hours a week to pay the same rate of tax by that logic.
OH NO, the poor government, however will they recover after this oopsie?!
No he doesn’t, a 60 second tik tok is not informative. Get your information from other sources OP not tik tok.
Rent freeze/eviction ban plugs two holes in a sinking boat. Water is still gushing in from vulture funds/near-zero regulation.
Also, is anyone here old enough to remember NAMA? The gov simple ceased vacant properties (good) to let out on the market at a fair price (excellent) but instead they got bought up and kept empty by vulture funds. NAMA was found to have no regulation and be riddled with corruption so what it effectively was, was a way for vulture funds/the very wealthy to simply steal houses instead of buying them.
That, I think, is the clearest insight into the Irish political system we have had in the past two decades. That is what we are dealing with.
if a twenty-year-old tik-toker is your jesus on political issues, you have bigger problems.
What the hell is with the flying text
Where the fuck is this guy getting his info from. Landlords are ruthlessly raising rent all the time and can easily evict tenants anytime.
Our previous landlord wanted to double the rent. We said he couldn’t (at the time they just introduced the rent cap) we went to the RTB and did mediation. He then sent us a letter forcing us out because he was going to sell the property. Did he sell? No, the moment we moved he got new tenants paying double. Told the RTB they said there’s nothing they can do about it. Landlord had zero consequences.
All these tenant ‘protections’ are illusionary. They’re not enforced and they can get you out by either claiming long term renovations or selling. Wait a bit. Yes, they are obliged to offer you first back the property but by then you will have signed a lease elsewhere since you can’t exactly be homeless for a few month. It’s all a scam.
Landlords left the market.
Wonder if they used balloons to take their now vacant property with them?
19 comments
The editing of that video gave me aids
I have the feeling that condensing arguments into a 38 second video, a 280 character tweet, or even a Simpsons meme might not be helpful in actually discussing the issue in any meaningful way.
That flying text is shit
Is there a rent cap?
Bad take
Landlords aren’t the ones providing a property, developers are. No housing crisis, particularly one as systematic as Ireland’s, is going to be fixed by doubling the number of people being landlords. A functional housing market, and rental market, is not a bunch more people renting out their spare room. I’d rather they did, and it would likely ease some of the pressure, but it’s not a solution, and framing the housing situation in Ireland as a consequence of disincentivising landlords is incredibly misleading.
To start with, if you’re renting out a room in the property where you live, you’re already getting €14000 tax free. If you’re making beyond that, or you’re renting out a second property you own, then frankly you should be paying crazy tax. Owing a property you don’t need and aren’t using in the middle of a housing crisis should be discouraged.
Renting out is still effectively free money. If it’s not as much free money as you’d hoped it’s not a situation that’s going to bring tears to most people’s eyes.
Is that a shot of Kevin Kilbane about 1 second in?
Gas the way he used a stock image of people queueing outside the Colosseum
This is your brain on Neoclassical economics
He’s actually spot on. But the Irish won’t admit it
Small time landlords are being penalised by government- you can plainly see it in tax policy and property related regulations. By contrast, large scale, corporate landlords are actively incentivised.
The effect of landlords leaving the market is twofold. On the face of it, it evicts renters in favour of owner occupiers. But it’s not an equal swap – it also tends to increase homelessness as owner-occupied houses are more likely to have vacant rooms.A cynical person might think FF/FG have calculated that votes tend to come more from owners than renters…
Some prospective purchasers imagine every renter to be a frustrated purchaser and landlords to be pointless middlemen. But neither is true. Some people need a place to rent, for at least a period of their lives. That’s always been the case and always will.
What he isn’t mentioning is land prices or short term lets or the fact that most of the landlords leaving the market have less that 3 properties, are over the age of 55 and are cashing out after buying at the peak of the celtic tiger. I could go on but it’s late and I’m tired of typing.
Hello we should never intervene and if we just let landlords do what they want all will be good. The end
2/3 points are just false. Is the tax rate on rental income a flat 52% or is it just treated the same as income tax? If it’s the latter my heart bleeds for them as I work 40 hours a week to pay the same rate of tax by that logic.
OH NO, the poor government, however will they recover after this oopsie?!
No he doesn’t, a 60 second tik tok is not informative. Get your information from other sources OP not tik tok.
Rent freeze/eviction ban plugs two holes in a sinking boat. Water is still gushing in from vulture funds/near-zero regulation.
Also, is anyone here old enough to remember NAMA? The gov simple ceased vacant properties (good) to let out on the market at a fair price (excellent) but instead they got bought up and kept empty by vulture funds. NAMA was found to have no regulation and be riddled with corruption so what it effectively was, was a way for vulture funds/the very wealthy to simply steal houses instead of buying them.
That, I think, is the clearest insight into the Irish political system we have had in the past two decades. That is what we are dealing with.
if a twenty-year-old tik-toker is your jesus on political issues, you have bigger problems.
What the hell is with the flying text
Where the fuck is this guy getting his info from. Landlords are ruthlessly raising rent all the time and can easily evict tenants anytime.
Our previous landlord wanted to double the rent. We said he couldn’t (at the time they just introduced the rent cap) we went to the RTB and did mediation. He then sent us a letter forcing us out because he was going to sell the property. Did he sell? No, the moment we moved he got new tenants paying double. Told the RTB they said there’s nothing they can do about it. Landlord had zero consequences.
All these tenant ‘protections’ are illusionary. They’re not enforced and they can get you out by either claiming long term renovations or selling. Wait a bit. Yes, they are obliged to offer you first back the property but by then you will have signed a lease elsewhere since you can’t exactly be homeless for a few month. It’s all a scam.
Landlords left the market.
Wonder if they used balloons to take their now vacant property with them?