Didn’t someone say that it’s only homes in DCC, which are nearly all apartment blocks built with investment capital?
Makes sense, If you’ve a property rented out, with that income it gets easier to buy another house, now you have two houses and so on, and it just gets easier the more homes you buy up to rent them out. Needs to be a cap and higher taxes on multiple homes that are not your own home where you live.
Landlords are scum.
Yet all the centrist dads on social media are saying otherwise and defending Fianna Fáil and Fine Gael despite claiming to not like their policies.
This is such a miserable place to live fr. How is this even legal?
The article says according to Sinn Féin. Would RTE not do some journalism and confirm or rebuke the claim.
I really don’t belief this statistics.
They say that the American Dream is to own your own home. The Irish dream is to own somebody else’s.
imagine if we encouraged investments that weren’t property, instead of subjecting them to some of the harshest tax treatment of any country in Europe
Isn’t this because banks wont lent to build apartments without funds being involved?
It seems that banks don’t want to risk lending without a guarantee. The only way to guarantee that the apartments will be sold is if the funds bulk-buy them. The alternate seems to be that nothing gets build cos there’s no financing from the banks.
Listening through the podcast atm. They say 85% of the new homes were bought by landlords with 10+ properties.
REITs don’t have to pay tax on rental income and they don’t pay capital gains when they sell the houses.
The government made property so attractive for REITs that they’ll pay way more than individuals can afford
Where is this report by SF? Is this just DCC or Dublin county? Are they including housing bodies like Cluid as ‘landlords’? . If it’s just DCC then exactly how many actual houses have been built there in the last year? If SF are just spouting numbers then this is a waste of time.
>EDIT: This is from a couple of weeks ago [One-in-five private Dublin tenancies rented by landlords who own 100+ properties](https://www.thejournal.ie/rtb-new-data-6457131-Aug2024/)
While the biggest landlords, often largescale property companies, have a sizable presence in the capital’s rental market, it’s a different story for the rest of the country: just 2.5% of tenancies outside Dublin are owned by large landlords.
This really requires a change in the law.
love that for us
“Rigged” is indeed the right word there for this utterly dystopia state of affairs where the rich simply buy up the stock and rent it out at extortionate prices to the plebs. And why wouldn’t they. With morons of the first rate hell bent on pinning this on easy scapegoats, this is as easy as it gets for these investors.
Got down voted to oblivion on here for saying nobody should own more than one home but here we are 🥰🥰🥰🥰🥰
Engineered by the government. The far-right and shift of blame to immigrants only distracts from this fact. Its a landlord government, standing up for the landlord class.
The reality is nowhere near as sensational as the headline:
– it’s new-build homes only, not all homes
– it appears to be the DCC area only where new build activity is mostly apartment blocks
– “landlords” is a broad term that includes approved housing bodies and charities buying property for social housing. A REIT buying for investment and a housing body buying for social housing are two entirely different things and it’s stupid to lump them into the same category. The 79% statistic is kind of meaningless without this breakout.
That’s awful! We must give these poor landlords a tax cut before they flee the market!
But landlords are getting out of the market right ? Too much red tape, renters rights, costs, tax…, it’s just not great right?
Ireland needs georgism, Ireland needs LVT
I’m going to call bollocks on this one. I just don’t believe it
“But I thought they were leaving the market in droves!!?”
* **First‑Time Buyers (FTBs)**: People buying their first home
* **Former Owner‑Occupiers**: People moving from one home to another
* **Non‑Occupiers**: Buyers purchasing property without living in it, e.g. mostly landlords or buy‑to‑let investors
* **Non‑Household Buyers**: Various entities that are not individuals like private companies, charitable organisations, State bodies, pension funds, Approved Housing Bodies (AHBs), Local Authorities etc.
The breakdown for each (2024) for County Dublin:
|Buyer Category|Volume of Sales (2024)|Proportion of Total Sales (%)|
|:-|:-|:-|
|Household Buyer – Former Owner-Occupier|9,903|41.7%|
|Non-Household Buyer|6,203|26.1%|
|Household Buyer – First-Time Buyer Owner-Occupier|6,181|26.0%|
|Household Buyer – Non-Occupier|1,473|6.2%|
|**Total**|**23,760**|**100.0%**|
About 80-90% of dwellings bought by Non‑Occupiers and about 20% of dwellings bought by non‑Household Buyers could be classed as “bought by a landlord”. A small proportion of Former Owner-Occupier and First-Time Buyer Owner-Occupier might be landlords too (67.7% of purchases).
So, I think the proportion of dwellings bought by landlords in County Dublin in 2024 was ~15%.
I don’t see how they got 79% without some massaging of figures.
They might have restricted their stats to a small geographic area e.g. DCC or part of, or just new homes (rare in DCC), and specifically new apartments in DCC.
And then the rent is subsidised by HAP / Government….
They need to significantly increase the tax for owning 3+ houses and using them as investments or to rent out. It’s a joke.
Now someone can go and blame the poor immigrant about the housing crisis…
very simple solution – landlord tax.
Increasing in steps for subsequent properties. Base it off the site value like a land tax to incentivize improving the property or densification.
Make it not worth it to accumulate multiple houses.
Brought into Victoria in Australia to pay for Covid debts in 2023.
The handwringing about rental availability and “landlords leaving the market” myth has not materialized -because it’s a myth.
And do something about the REITs too
32 comments
Didn’t someone say that it’s only homes in DCC, which are nearly all apartment blocks built with investment capital?
Makes sense, If you’ve a property rented out, with that income it gets easier to buy another house, now you have two houses and so on, and it just gets easier the more homes you buy up to rent them out. Needs to be a cap and higher taxes on multiple homes that are not your own home where you live.
Landlords are scum.
Yet all the centrist dads on social media are saying otherwise and defending Fianna Fáil and Fine Gael despite claiming to not like their policies.
This is such a miserable place to live fr. How is this even legal?
The article says according to Sinn Féin. Would RTE not do some journalism and confirm or rebuke the claim.
I really don’t belief this statistics.
They say that the American Dream is to own your own home. The Irish dream is to own somebody else’s.
imagine if we encouraged investments that weren’t property, instead of subjecting them to some of the harshest tax treatment of any country in Europe
Isn’t this because banks wont lent to build apartments without funds being involved?
It seems that banks don’t want to risk lending without a guarantee. The only way to guarantee that the apartments will be sold is if the funds bulk-buy them. The alternate seems to be that nothing gets build cos there’s no financing from the banks.
[https://www.irishtimes.com/news/ireland/irish-news/housing-plan-q-a-will-new-reforms-help-the-current-crisis-1.4569442](https://www.irishtimes.com/news/ireland/irish-news/housing-plan-q-a-will-new-reforms-help-the-current-crisis-1.4569442)
Hang on, aren’t landlords supposed to be fleeing the market? 🤔
https://www.irishexaminer.com/business/companies/arid-41623546.html
Listening through the podcast atm. They say 85% of the new homes were bought by landlords with 10+ properties.
REITs don’t have to pay tax on rental income and they don’t pay capital gains when they sell the houses.
The government made property so attractive for REITs that they’ll pay way more than individuals can afford
Where is this report by SF? Is this just DCC or Dublin county? Are they including housing bodies like Cluid as ‘landlords’? . If it’s just DCC then exactly how many actual houses have been built there in the last year? If SF are just spouting numbers then this is a waste of time.
>EDIT: This is from a couple of weeks ago [One-in-five private Dublin tenancies rented by landlords who own 100+ properties](https://www.thejournal.ie/rtb-new-data-6457131-Aug2024/)
While the biggest landlords, often largescale property companies, have a sizable presence in the capital’s rental market, it’s a different story for the rest of the country: just 2.5% of tenancies outside Dublin are owned by large landlords.
This really requires a change in the law.
love that for us
“Rigged” is indeed the right word there for this utterly dystopia state of affairs where the rich simply buy up the stock and rent it out at extortionate prices to the plebs. And why wouldn’t they. With morons of the first rate hell bent on pinning this on easy scapegoats, this is as easy as it gets for these investors.
Got down voted to oblivion on here for saying nobody should own more than one home but here we are 🥰🥰🥰🥰🥰
Engineered by the government. The far-right and shift of blame to immigrants only distracts from this fact. Its a landlord government, standing up for the landlord class.
The reality is nowhere near as sensational as the headline:
– it’s new-build homes only, not all homes
– it appears to be the DCC area only where new build activity is mostly apartment blocks
– “landlords” is a broad term that includes approved housing bodies and charities buying property for social housing. A REIT buying for investment and a housing body buying for social housing are two entirely different things and it’s stupid to lump them into the same category. The 79% statistic is kind of meaningless without this breakout.
That’s awful! We must give these poor landlords a tax cut before they flee the market!
But landlords are getting out of the market right ? Too much red tape, renters rights, costs, tax…, it’s just not great right?
Ireland needs georgism, Ireland needs LVT
I’m going to call bollocks on this one. I just don’t believe it
“But I thought they were leaving the market in droves!!?”
No, I can’t see where they are getting 79% from.
The stats on house purchases are in table [HPA02 ](https://www.cso.ie/en/releasesandpublications/ep/p-rptnh/residentialpropertytransactionsbynon-households2024/)from the CSO, and it splits the types of buyers into:
* **First‑Time Buyers (FTBs)**: People buying their first home
* **Former Owner‑Occupiers**: People moving from one home to another
* **Non‑Occupiers**: Buyers purchasing property without living in it, e.g. mostly landlords or buy‑to‑let investors
* **Non‑Household Buyers**: Various entities that are not individuals like private companies, charitable organisations, State bodies, pension funds, Approved Housing Bodies (AHBs), Local Authorities etc.
The breakdown for each (2024) for County Dublin:
|Buyer Category|Volume of Sales (2024)|Proportion of Total Sales (%)|
|:-|:-|:-|
|Household Buyer – Former Owner-Occupier|9,903|41.7%|
|Non-Household Buyer|6,203|26.1%|
|Household Buyer – First-Time Buyer Owner-Occupier|6,181|26.0%|
|Household Buyer – Non-Occupier|1,473|6.2%|
|**Total**|**23,760**|**100.0%**|
About 80-90% of dwellings bought by Non‑Occupiers and about 20% of dwellings bought by non‑Household Buyers could be classed as “bought by a landlord”. A small proportion of Former Owner-Occupier and First-Time Buyer Owner-Occupier might be landlords too (67.7% of purchases).
So, I think the proportion of dwellings bought by landlords in County Dublin in 2024 was ~15%.
I don’t see how they got 79% without some massaging of figures.
They might have restricted their stats to a small geographic area e.g. DCC or part of, or just new homes (rare in DCC), and specifically new apartments in DCC.
And then the rent is subsidised by HAP / Government….
They need to significantly increase the tax for owning 3+ houses and using them as investments or to rent out. It’s a joke.
Now someone can go and blame the poor immigrant about the housing crisis…
very simple solution – landlord tax.
Increasing in steps for subsequent properties. Base it off the site value like a land tax to incentivize improving the property or densification.
Make it not worth it to accumulate multiple houses.
Brought into Victoria in Australia to pay for Covid debts in 2023.
The handwringing about rental availability and “landlords leaving the market” myth has not materialized -because it’s a myth.
And do something about the REITs too
That is absurd.
ban mortgages
“that’s according to Sinn Féin”
Comments are closed.