Where I lived until recently, there was 3 house’s sold by landlords on the road of about 16 house’s.
I suppose it was the highest price for property the last while and the market was good for them to maximize their investment.
Unfortunately there is a lack of quality long term properties in Ireland.
Apartments are small, little or no facilities incorporated into the development.
I wish this idea that if a property is sold it is somehow out of circulation. All these landlord houses sold mean people move from private rental accodation to their new home, freeing up said accomodation.
Rental property should be encouraged to be sold with sitting tenants, property like a divided up house or apartments.
I basically won the lotto this month (Well not quite)
My rental agreement was up for renewal so I’ve been shitting it over increases.
Got a 12 month extension, same rent as last year, weight lifted.
I know with all the stories there are some absolute fuckers of landlords out there but from day 1 I landed on my feet here so at least I have another 12 months where I can just keep the head down.
Sell high buy low.
The 52% tax will do that. Why would you even bother?
There’s almost no way to grow your wealth in Ireland, all the while foreign investment funds are given massive tax breaks. Anyone with any bit of wealth in Ireland is better off emigrating.
We must encourage more landlords to stay in the market by, I dunno, having a fella run in front of them ringing a bell and shouting “unclean”?
Perhaps prospective landlords could be encouraged by flaying the skin from their backs when they apply for a buy to let mortgage?*
Or perhaps eliminating bedsits entirely with absolutely no fucking plan as to what do about the shortfall in accommodation was a *bad* idea. And maybe treating rental accommodation as a poor and unnecessary adjunct to permanent accomodation is *another* bad idea.
*I’m joking of course, there are no buy to let mortgages in this lending market.
I was speaking with a financial advisor and we touched on renting. He told me its a waste of time with the way the government have changed the whole system there is very little profit in it. Unless you inherit a house or land that is very different.
I think people are quick to blame landlords and in some respects rightly so but I also think the rents are going up as a pushback against government. If you’re trying to make it worthwhile renting a property while potentially paying 20% or 40% in tax before any other loans and overheads related to the property are paid its no wonder the prices are shooting up.
I’m not wealthy at all I’m just trying to plan ahead with passive income streams but I know I will get downvoted and that’s ok but the above is the truth. The government are playing the housing market against the people and pointing the finger at both.
Oh this person refused this house they’re entitled.. Yeh they refused the house because its next door to scumbag bastards who probably have 500 convictions between them.
Its easy to initially look at the market and ascertain that landlords are acting like vultures and cashing in on the bubble but its in my view a reactionary result, you can’t have interest rates and tax go up and leave the rental price the same, that literally makes no sense.
I’m a landlord and would encourage all landlords to leave the market. Sell up while you can. This “temporary” rent control is permanent. It’s only a matter of time before new legislation will make it impossible to exit the industry and have any chance of breaking even or your money back. The government has made it quite clear they don’t understand the renting business or they don’t care. They just want a scapegoat to blame for the terrible housing policy they haven’t have for the last 15 years. Get out while you can!!
Oligarch propaganda. Policy please.
An exodus implies a vacuum and you know what happens to vacuums.
Landlord are leaving because the bought just after the crash and getting out before the next one. With massive profits
FFG not building social housing for decades. Those arseholes will say anything, blame anyone. Limited housing stock is the problem…. Obviously. Gaslighting pricks.
13 comments
Where I lived until recently, there was 3 house’s sold by landlords on the road of about 16 house’s.
I suppose it was the highest price for property the last while and the market was good for them to maximize their investment.
Unfortunately there is a lack of quality long term properties in Ireland.
Apartments are small, little or no facilities incorporated into the development.
I wish this idea that if a property is sold it is somehow out of circulation. All these landlord houses sold mean people move from private rental accodation to their new home, freeing up said accomodation.
Rental property should be encouraged to be sold with sitting tenants, property like a divided up house or apartments.
I basically won the lotto this month (Well not quite)
My rental agreement was up for renewal so I’ve been shitting it over increases.
Got a 12 month extension, same rent as last year, weight lifted.
I know with all the stories there are some absolute fuckers of landlords out there but from day 1 I landed on my feet here so at least I have another 12 months where I can just keep the head down.
Sell high buy low.
The 52% tax will do that. Why would you even bother?
There’s almost no way to grow your wealth in Ireland, all the while foreign investment funds are given massive tax breaks. Anyone with any bit of wealth in Ireland is better off emigrating.
We must encourage more landlords to stay in the market by, I dunno, having a fella run in front of them ringing a bell and shouting “unclean”?
Perhaps prospective landlords could be encouraged by flaying the skin from their backs when they apply for a buy to let mortgage?*
Or perhaps eliminating bedsits entirely with absolutely no fucking plan as to what do about the shortfall in accommodation was a *bad* idea. And maybe treating rental accommodation as a poor and unnecessary adjunct to permanent accomodation is *another* bad idea.
*I’m joking of course, there are no buy to let mortgages in this lending market.
I was speaking with a financial advisor and we touched on renting. He told me its a waste of time with the way the government have changed the whole system there is very little profit in it. Unless you inherit a house or land that is very different.
I think people are quick to blame landlords and in some respects rightly so but I also think the rents are going up as a pushback against government. If you’re trying to make it worthwhile renting a property while potentially paying 20% or 40% in tax before any other loans and overheads related to the property are paid its no wonder the prices are shooting up.
I’m not wealthy at all I’m just trying to plan ahead with passive income streams but I know I will get downvoted and that’s ok but the above is the truth. The government are playing the housing market against the people and pointing the finger at both.
Oh this person refused this house they’re entitled.. Yeh they refused the house because its next door to scumbag bastards who probably have 500 convictions between them.
Its easy to initially look at the market and ascertain that landlords are acting like vultures and cashing in on the bubble but its in my view a reactionary result, you can’t have interest rates and tax go up and leave the rental price the same, that literally makes no sense.
I’m a landlord and would encourage all landlords to leave the market. Sell up while you can. This “temporary” rent control is permanent. It’s only a matter of time before new legislation will make it impossible to exit the industry and have any chance of breaking even or your money back. The government has made it quite clear they don’t understand the renting business or they don’t care. They just want a scapegoat to blame for the terrible housing policy they haven’t have for the last 15 years. Get out while you can!!
Oligarch propaganda. Policy please.
An exodus implies a vacuum and you know what happens to vacuums.
Landlord are leaving because the bought just after the crash and getting out before the next one. With massive profits
FFG not building social housing for decades. Those arseholes will say anything, blame anyone. Limited housing stock is the problem…. Obviously. Gaslighting pricks.