More poking at the landlord means more BTL sales

handlemaster

https://m.independent.ie/irish-news/revealed-the-new-rent-register-plan-to-expose-ripoff-landlords-36814556.html


More legisation to prohibit landlords. When will this stop! This is nothing more than wanting to appear to do somthing and divert attention away from the government.

4ensic15

handlemaster wrote: »

https://m.independent.ie/irish-news/revealed-the-new-rent-register-plan-to-expose-ripoff-landlords-36814556.html


More legisation to prohibit landlords. When will this stop!.

It will stop when the vulture funds own most or all privately rented properties, at least in the larger urban areas. The property is being funded by money coming from abroad, meaning Irish banks are not lending for it. This reduces their exposure to property. when the Irish banks have reduced their exposure to property sufficiently, they will then lend Irish people money to buy their property back from the vultures, paying far more for it than the vultures did in the first place. This is all about fixing the banks. The 3 year rent freeze is half over. The only reason for this messing is because it is intended to continue it.

Rents are too high, what will happen to alleviate this:
Introduce a register so people will know they are being ripped off.

What will actually happen:
Those who were charging less will realise they're short-changing themselves, and up their rents, increasing the average. Those who were overcharging, will also up theirs as they see the average rise. Rinse. Repeat. :mad:

What should happen:
Build some more houses/apartments. Get more people buying their own places, and out of the rental stock of houses. Decreases demand and rents will fall/stay static.

optimistic_

Deleted User wrote: »

Rents are too high, what will happen to alleviate this:
Introduce a register so people will know they are being ripped off.

What will actually happen:
Those who were charging less will realise they're short-changing themselves, and up their rents, increasing the average. Those who were overcharging, will also up theirs as they see the average rise. Rinse. Repeat. :mad:

What should happen:
Build some more houses/apartments. Get more people buying their own places, and out of the rental stock of houses. Decreases demand and rents will fall/stay static.

Second point above - Absolutely not possible.

handlemaster

optimistic_ wrote: »

Deleted User wrote: »

Rents are too high, what will happen to alleviate this:
Introduce a register so people will know they are being ripped off.

What will actually happen:
Those who were charging less will realise they're short-changing themselves, and up their rents, increasing the average. Those who were overcharging, will also up theirs as they see the average rise. Rinse. Repeat. :mad:

What should happen:
Build some more houses/apartments. Get more people buying their own places, and out of the rental stock of houses. Decreases demand and rents will fall/stay static.

Second point above - Absolutely not possible.

I think landlords now know there is no point in not increasing rent year on year. If they leave it they get penalised when it comes to sell.not to mention the lost additional rent

Colonel Claptrap

4ensic15 wrote: »

It will stop when the vulture funds own most or all privately rented properties, at least in the larger urban areas. The property is being funded by money coming from abroad, meaning Irish banks are not lending for it. This reduces their exposure to property. when the Irish banks have reduced their exposure to property sufficiently, they will then lend Irish people money to buy their property back from the vultures, paying far more for it than the vultures did in the first place. This is all about fixing the banks. The 3 year rent freeze is half over. The only reason for this messing is because it is intended to continue it.

What does a vulture fund do?

optimistic_

optimistic_ wrote: »

Second point above - Absolutely not possible.

Why not? By definition, half of the LLs in a given complex will be charging below the average. At least a portion of these are likely to increase rent if they become aware that your man next door is charging €250pm more than him. Once it's within the limits owing to the RPZ rules, those at the higher end will follow suit as they realise they are getting closer to the average.

Edit: Forgot to add, I will eat my hat if this measure causes rents to fall.

robp

Deleted User wrote: »

Why not? By definition, half of the LLs in a given complex will be charging below the average. At least a portion of these are likely to increase rent if they become aware that your man next door is charging €250pm more than him. Once it's within the limits owing to the RPZ rules, those at the higher end will follow suit as they realise they are getting closer to the average.

Edit: Forgot to add, I will eat my hat if this measure causes rents to fall.

I agree that these measures will not cause any drops in price but the Gov has set declines in the rate of increase as the bar for success, so they can claim (wrongly) the polices are working.

ouxbbkqtswdfaw

Don't see anything to encourage the landlord. All anti landlord measures. Result less landlords.

Arthur Daley

Fewer landlords, presumably means more housing put on the market though? No. Which is presumably what Murphy wants.

ouxbbkqtswdfaw

The houses put on the market as a result of Government policy will not be bought by those who are renting. The result is less houses for rent.

jetfiremuck

Murphy hasn’t a clue....end of

pc7

This news today prompted me to contact local estate agents about selling up. Just feel its one thing after another. I am lucky that I have a good tenant (friend), charge them below market rate and they keep the place well. While its tough on the tenant (they'll easily have to pay 500 more to find a similar property) I just don't want the hassle of it all anymore. I've always been a good landlord to tenants (got cleared out and screwed once, hence renting to a friend now). Never wanted to be a landlord but marriage and life changed things so hopefully I can break even or make a few quid now and be done with it.

tabby aspreme

jetfiremuck wrote: »

Murphy hasn’t a clue....end of

He was on radio 1 at lunchtime, and said this new bill he is bringing forward will increase the amount of larger professional landlords, which is FGs plan all along

handlemaster

tabby aspreme wrote: »

He was on radio 1 at lunchtime, and said this new bill he is bringing forward will increase the amount of larger professional landlords, which is FGs plan all along

so get rid of anybody wanting to live off somthing other than the miserible state pension

Graces7

handlemaster wrote: »

so get rid of anybody wanting to live off somthing other than the miserible state pension

state pension here is far better than in the UK..

handlemaster

Graces7 wrote: »

handlemaster wrote: »

so get rid of anybody wanting to live off somthing other than the miserible state pension

state pension here is far better than in the UK..

We dont live in the UK

l5auim2pjnt8qx

This is absolutely disgraceful governments attacking Landlords for the complete
sham of a housing market.

I am one of those accidential Landlords , for health reasons moved down the country and let out my own 3 bed apartment quite a high spec over the last
4 years. Tenanted twice and both tenancy were problem some,the first
tenancy causing a fire in one of the rooms and letting kid run amok in the apartment damaging quite alot of the furniture and the second Joint tenancy
with consent late payments ,bad attitude from them before finally giving them
an eviction notice.

Hope to be moving back to the apartment in Dublin and will never in a million years let in out as a full tenancy again. I will look at airbnb or letting a room out
14k per year tax free and "I have no reason to sell it on the open market" "So
1 less 3 bed in Dublin. (The boat has sailed for single Landlords to benefit from
letting out there private residence and I would strongly advise anybody else doing it).

Government interference and rent control don't work in any economic market
so why these Draconian Laws, this will not encourage more Landlords to the market or sell up......Eoghan Murphy needs to be sacked for his utter incompetence and replaced with some other Minister that can actually to the job.He completely wilted under pressure......FFS get him out.

Also these Housing bodies like Threshold and some left wing Politicians that are encouraging people to break the Law and overhold are actually doing FG a favour as this will only encourage more Vulture Funds to take over the market and increasing rents well over the 4% mark as these parasites pay no tax and aren't governed by the RTB rules.......Heaven forbid we are in for a complete lock down on properties in the large cities.

The_Conductor

Graces7 wrote: »

state pension here is far better than in the UK..

What point are you trying to make?
This is an Irish website- discussing Irish property policies and experiences.
It has nothing whatsoever to do with the UK- period.

Samuel T. Cogley

To be honest I've been beating the drum of these measure causing less LL's but frankly I'm changing my mind. Would I hang on to my rental if it clears what I paid for it in 2006? Probably not - the regime would have to be pretty pro LL or the taxation near nil.

hognef

[Deleted User] wrote: »

Why not? By definition, half of the LLs in a given complex will be charging below the average. At least a portion of these are likely to increase rent if they become aware that your man next door is charging €250pm more than him. Once it's within the limits owing to the RPZ rules, those at the higher end will follow suit as they realise they are getting closer to the average.

Edit: Forgot to add, I will eat my hat if this measure causes rents to fall.

Don't see why anybody would have a problem with publishing statistics on prices, however, it should be done as €/sqm (which will, of course, require floor area to become mandatory information). Anything else, like €/unit or even €/3-bed-semi would be utterly meaningless, and would be more likely to end up as you predict.

PS: Your definition of average is actually the definition of median.

l5auim2pjnt8qx

hognef wrote: »

Don't see why anybody would have a problem with publishing statistics on prices, however, it should be done as €/sqm (which will, of course, require floor area to become mandatory information). Anything else, like €/unit or even €/3-bed-semi would be utterly meaningless, and would be more likely to end up as you predict.

PS: Your definition of average is actually the definition of median.

The problem with publishing statistics on prices is that you could have 2 identical properties beside each other ,on paper may appear the same (same unit equal size) but one is a kip and the other is 4 star ,people start moaning OH! the 4 star is overcharging and robbing us.


You can't compare all 1/2/3/4 bed units as alot differ from each other in size and also in management fees plus North/south/west/east direction all play a part in buying from Developers so why is it any different to renting.Alot
of the Celtic Tiger apartments exaggerated sq/metre size calculating L shaped rooms as square shaped and also uncluding balconies and terraces as living space.

Government would need to set up another Regulatory Body to check sizes and giving past experiences checking 1 apartment a week would be deemed hard work to them.....Good Luck with that one.

Wheres Me Jumper?

tabby aspreme wrote: »

He was on radio 1 at lunchtime, and said this new bill he is bringing forward will increase the amount of larger professional landlords, which is FGs plan all along

ie Vulture funds
Ya sure that's just what hard-pressed tenants need ...:rolleyes:

pc7

Jail next! Not a mention on rogue tenants who actually damage a valuable asset or withhold rent.
https://m.independent.ie/business/personal-finance/property-mortgages/rogue-landlords-face-15000-fines-and-prison-terms-36817757.html

The_Conductor

Guys- if this isn't a clarion call to get the hell out of property- I'm not sure what is.
However bad the current regulatory environment is- there is a further world of hurt coming down the road.

pc7

The_Conductor wrote: »

Guys- if this isn't a clarion call to get the hell out of property- I'm not sure what is.
However bad the current regulatory environment is- there is a further world of hurt coming down the road.

100% agree, 3 estate agents got back to me yesterday and I was really surprised by their guesstimates for my property. Delighted as it looks like I can now bail. Who in their right mind would want to be in this game with an asset you have absolutely no control over whatsoever.

Mitzy

The_Conductor wrote: »

Guys- if this isn't a clarion call to get the hell out of property- I'm not sure what is.
However bad the current regulatory environment is- there is a further world of hurt coming down the road.

Yes the Minister for Housing has made my decision for me to sell up. I consider myself a good landlord but I am not going to put myself at risk of heavy fines (although I have always been compliant).
Tough for the tenants out there though.

4ensic15

The minimum loan amount is €50,000

These are ther terms for BTL's from Ulster bank. It would seem that it is almost impossible to become a landlord now, without substantial cash sums. There is clearly a concerted push to move over to institutional landlording.

"The minimum value of property to be mortgaged is €85,000

The maximum mortgage available is up to 50% of purchase price or the value of the property, whichever is lower

If the property being purchased is in the cities of Dublin, Cork, Galway or Limerick the maximum loan to value is 70%

The maximum number of properties financed by Ulster Bank is 3 and the maximum number in portfolio is 5

Your maximum portfolio cannot exceed €1,000,000

Properties for which funds will not normally be advanced:
- one-bedroom properties
- agricultural properties
- business premises
- flats (on any level) in multi-storey type property i.e. in excess of 5 stories, unless the property is predominately in
private ownership
- multiple tenancies e.g. a house or flat with several bedrooms, occupied by a number of individuals sharing common
facilities such as kitchen and bathroom etc."

_Brian

The_Conductor wrote: »

Guys- if this isn't a clarion call to get the hell out of property- I'm not sure what is.
However bad the current regulatory environment is- there is a further world of hurt coming down the road.

Yea this will just further the exodus from landlord holdings we’ve seen over the past years. With only a small portion of these housing going back to rentals the rental stock is getting less and less thus driving prices north.

We need a functioning rental market and currently it’s not functioning for landlords, one sided legislation and excessive taxation are driving out landlords. I know a guy who has sold most of his properties and he says the money is better just sitting in the bank.

4ensic15

4ensic15 wrote: »

Properties for which funds will not normally be advanced:
- multiple tenancies e.g. a house or flat with several bedrooms, occupied by a number of individuals sharing common
facilities such as kitchen and bathroom etc."

Jeeeesus Ulster Bank is protecting itself.

I used these types of rented rooms for years moving about for work, renting a room in a house direct from a landlord who lived elsewhere.

If these disappear, thats a serious amount of flexibility accommodation going from the market.

rossmores

Part4s Registered in 2016 will expire in 2020 interesting to see how many will not renew as the new part4 now is for 6 years, comes with a heap of admin and now possible conviction
I am not renewing any part4s have moved to alternative letting and selling some, looking at the UK market.
Are the current institutional landlords playing ball and waiting to have a monopoly would this be dangerous?
Didn’t that clown Haligan say Landlords should go to prison…

delboythedub

I wonder will these vulture fund companies pay 60% tax to our government like our landlords. Interesting. And also our government cannot dictate house prices therefore have they any business getting involved in setting rent control prices. Government getting 60% of monthly rent ie monthly rent €1700 government gets €1020 and landlords gets €680 . Something drastically wrong here

pc7

delboythedub wrote: »

I wonder will these vulture fund companies pay 60% tax like our landlords. Interesting.

They do in their barny! https://www.irishtimes.com/news/ireland/irish-news/central-bank-landlord-a-vulture-fund-paying-no-irish-tax-says-sf-1.2771263

Is there anything to stop someone starting a company and using the company to manage their properties?

handlemaster

there is a big issue with problem tenants , non paying, damage etc. landlords could be more flexible with tenant choice if they had the ability to evict such tenants quickly

kaymin

[Deleted User] wrote: »

Is there anything to stop someone starting a company and using the company to manage their properties?

You can do it but close company rules and minimum profit distribution requirements make it not tax efficient.

hognef

hognef wrote: »

Don't see why anybody would have a problem with publishing statistics on prices, however, it should be done as €/sqm (which will, of course, require floor area to become mandatory information). Anything else, like €/unit or even €/3-bed-semi would be utterly meaningless, and would be more likely to end up as you predict.

PS: Your definition of average is actually the definition of median.

I've no issue with a 'rent register' per se, it is the bullsh1t reasoning behind it that is galling. It is being introduced as a way of bringing rents down, or stopping/slowing the increases. I can see no way in which this will happen and would put money on it exacerbating the problem. As others have pointed out, it will only drive out the small guys and give the big guns a larger market share. This is bad news for everybody, except the REITs, and i include the government in that. They should be encouraging small, independent landlords, with all the tax they make from it.

There is one simple solution to the housing in this country: Build more. If the Gov't aren't willing to do it, then contract it out and/or introduce tax breaks for builders. Enforce the social/affordable housing requirements and....bingo. The fact that builders were able to pay their way out of those requirements is the biggest elephant in the corner of the room i've ever seen.

pc7

Interesting one, I emailed DCC this morning to see if they were interested in purchasing my property. They rang me immediately, said they send a building inspector, if meets regs etc. they get the valuer out and offer market value for it (not a discount). I still think I'll put it on the open market and see what happens. Will talk to my friend first currently renting to see if they are interested in buying it.

kaymin

pc7 wrote: »

Interesting one, I emailed DCC this morning to see if they were interested in purchasing my property. They rang me immediately, said they send a building inspector, if meets regs etc. they get the valuer out and offer market value for it (not a discount). I still think I'll put it on the open market and see what happens. Will talk to my friend first currently renting to see if they are interested in buying it.

I don't think I could do that to my neighbours (i.e. sell to DCC).

hmmm

I'd love to see more professional landlords. Amateur landlords are just that, it's a pain renting off of someone who has a property "as their pension".

In saying that, I don't understand why you would want to squeeze amateur landlords during a rent crisis. New regulations, tax rises etc are forcing these landlords to leave their property vacant, or shift to Airbnb etc.

We need to increase supply in the short term by actually increasing the number of amateur landlords (the rent a room scheme is great), and over time transition the entire market to professional, well-managed rental blocks.

murphaph

hmmm wrote: »

I'd love to see more professional landlords. Amateur landlords are just that, it's a pain renting off of someone who has a property "as their pension".

In saying that, I don't understand why you would want to squeeze amateur landlords during a rent crisis. New regulations, tax rises etc are forcing these landlords to leave their property vacant, or shift to Airbnb etc.

We need to increase supply in the short term by actually increasing the number of amateur landlords (the rent a room scheme is great), and over time transition the entire market to professional, well-managed rental blocks.

Best of luck finding a property to rent anywhere there are no apartments. REITs aren't interested in houses.

l5auim2pjnt8qx

A Declaration of War against Landlords minus the Vulture Funds is all that is missing from the bootlicking Corporate lover Minister Murphy today.

This stunt may well silence the whimpering tenants and Threshold's alike for
a short time, but when they see hundreds if not thousands of Landlords flush
there tenants out before the summer recess in anticipation of €15,000 fines
and threat of inprisonment - they will come back screaming blue murder to
the government for lack of available properties.

If it's a War the government want against Landlords then that's want they should get.If Landlords can hold off long enough the Murphy & Co will come back begging us to let our properties and for a hugh premium.The 2K 2/3 properties
market in Dublin available at he moment will double to 3-4k as the REITS will be the only player in the market apart from the poor few Landlords that couldn't get out on time.


The too few properties that will be left on market will have the poorest standard as price restrictions will not incentivise any Landlord to throw money away. FG will have played its last card as Landlord & tenant will hate them for it......then it will be time for FF to pull the plug on FG and not before time.

Wheres Me Jumper?

_Brian wrote: »

Yea this will just further the exodus from landlord holdings we’ve seen over the past years. With only a small portion of these housing going back to rentals the rental stock is getting less and less thus driving prices north.

We need a functioning rental market and currently it’s not functioning for landlords, one sided legislation and excessive taxation are driving out landlords. I know a guy who has sold most of his properties and he says the money is better just sitting in the bank.

sorry but that's just plain wrong.

if you deposit say €500k with a Bank how much interest pa do you think your friendly Banker will give you?
currently the top rate is from PTSB Signature a/c, an 18 month fixed account. on that they'll give you a whooping great 0.5%. work it out, and i think you'll find that equals €2500 Gross.

on the otherhand if you bought a 2 or maybe 3 bed apartment and rented it out, how much rent pa would you get?
assuming rent pcm of €1500, that equals Gross Rent pa of €18,000. of course the poor LL will have to pay tax, but there really is no comparison.

Claw Hammer

Wheres Me Jumper? wrote: »

sorry but that's just plain wrong.

if you deposit say €500k with a Bank how much interest pa do you think your friendly Banker will give you?
currently the top rate is from PTSB Signature a/c, an 18 month fixed account. on that they'll give you a whooping great 0.5%. work it out, and i think you'll find that equals €2500 Gross.

on the otherhand if you bought a 2 or maybe 3 bed apartment and rented it out, how much rent pa would you get?
assuming rent pcm of €1500, that equals Gross Rent pa of €18,000. of course the poor LL will have to pay tax, but there really is no comparison.

Tax, service charges, repairs, maintenance, letting agent fees, lpt. The risk of default by tenants has to be factored in, as well as the risk of litigation and consequent costs, all on top of a considerable number of unremunerated man hours. Yeah right!

Wheres Me Jumper?

Claw Hammer wrote: »

Tax, service charges, repairs, maintenance, letting agent fees, lpt. The risk of default by tenants has to be factored in, as well as the risk of litigation and consequent costs, all on top of a considerable number of unremunerated man hours. Yeah right!

Deposit income also attracts Tax. in the above example interest after DIRT would be a measly €1475.00! that's hardly a months rent.

you also neglected to factor in asset appreciation. property prices are as many think likely to continue to increase.

do you think your friendly Bank manager is likely to give you a few extra €1000 when you decide to close your account? Yea right!

Claw Hammer

Wheres Me Jumper? wrote: »

Deposit income also attracts Tax. in the above example interest after DIRT would be a measly €1475.00! that's hardly a months rent.

you also neglected to factor in asset appreciation. property prices are as many think likely to continue to increase.

do you think your friendly Bank manager is likely to give you a few extra €1000 when you decide to close your account? Yea right!

As has been shown asset prices can also fall. Rents can also fall. Just because "many" think property prices are likely to continue to increase doesn't mean they will. "Many" has been wrong time and again regarding asset prices. Do you think your friendly purchaser will give you an extra few €1000 when you decide to cash in your investment?

Wheres Me Jumper?

Claw Hammer wrote: »

As has been shown asset prices can also fall. Rents can also fall. Just because "many" think property prices are likely to continue to increase doesn't mean they will. "Many" has been wrong time and again regarding asset prices. Do you think your friendly purchaser will give you an extra few €1000 when you decide to cash in your investment?

property has been a much better bet than putting your hard-earned in a Bank earning a lousy 0.5%. it will continue to be so, despite these recent announcements. (in fact these measures might even accelerate property price growth!)

of course we all know assets can go up and down. Banks can go bang-wallop too, as we all discovered not too long ago.
There are no certainties in life, except ....

Berserker

Wheres Me Jumper? wrote: »

if you deposit say €500k with a Bank how much interest pa do you think your friendly Banker will give you?
currently the top rate is from PTSB Signature a/c, an 18 month fixed account. on that they'll give you a whooping great 0.5%. work it out, and i think you'll find that equals €2500 Gross.

You are bang. We rent our place and we have a long standing agreement with our landlord. We will be moving abroad when my OH finishes her training and gets a good bit of experience under her belt, so we try and get the best interest rate that we can on our savings. The rates are soul destroying. We've decided to change cars and go on a big holiday at the end of the year. Might as well do that than lock it into some account for 1% interest for a few years.

Deleted User wrote: »

There is one simple solution to the housing in this country: Build more. If the Gov't aren't willing to do it, then contract it out and/or introduce tax breaks for builders. Enforce the social/affordable housing requirements and....bingo. The fact that builders were able to pay their way out of those requirements is the biggest elephant in the corner of the room i've ever seen.

Building more isn't going to bring down the prices and any incentives given to builders will not be passed onto the buyer. Building more will increase the stock levels but people will not be able to afford to buy them and you are going to end up with ghost estates. If the government gives the buyer an incentive, the price of property will increase to include that value. We've seen all this before.

Wheres Me Jumper?

Wheres Me Jumper? wrote: »

property has been a much better bet than putting your hard-earned in a Bank earning a lousy 0.5%. it will continue to be so, despite these recent announcements. (in fact these measures might even accelerate property price growth!)

of course we all know assets can go up and down. Banks can go bang-wallop too, as we all discovered not too long ago.
There are no certainties in life, except ....

I though the last decade had taught people that leveraged Irish property is a highly risky rollercoaster. Obviously not.

I have friends only coming out of NE now after buying 10-12 years ago.

Owing somewhere between 10 and maybe 50 thousand with no equity to clear and maybe insufficient income is not to be lightly sniffed at.

Berserker

Berserker wrote: »

Building more isn't going to bring down the prices and any incentives given to builders will not be passed onto the buyer. Building more will increase the stock levels but people will not be able to afford to buy them and you are going to end up with ghost estates.

Crazy talk. The reason they are so high at the moment is because the stock is so low. So everywhere is overpriced. Supply and demand. If there were more of them, enough to meet demand, then people could afford to be choosy. The properties at the lower end of the scale would not be selling and prices would fall to reflect that. If builders have houses to sell, and they're not selling, they will drop the price.

The point of the tax break isn't to pass it on to the consumer, but rather to make it more profitable for them to build houses in the first place. You know, make it more enticing. Stimulate the building industry, except this time the social / affordable housing should be enforced.

The Student

Deleted User wrote: »

Crazy talk. The reason they are so high at the moment is because the stock is so low. So everywhere is overpriced. Supply and demand. If there were more of them, enough to meet demand, then people could afford to be choosy. The properties at the lower end of the scale would not be selling and prices would fall to reflect that. If builders have houses to sell, and they're not selling, they will drop the price.

The point of the tax break isn't to pass it on to the consumer, but rather to make it more profitable for them to build houses in the first place. You know, make it more enticing. Stimulate the building industry, except this time the social / affordable housing should be enforced.

Property is not like other products. People don't change regularly if supply exceeds demand. Property purchases are a long term purchase whereby most people are looking to "put down roots".

Builders wont sell if they are not covering costs. The affordable and social housing model does not work and wont work unless we change our attitude to housing. We have people in private houses and council houses who have not paid mortgages or are behind on rents and they are not evicted. We have this bizarre notion that people are entitled to be housed no matter what.

A prime example of this is the 20000 houses in mortgage arrears for over two years who have paid nothing on their mortgages yet they are not evicted and even when a bank tries to obtain an order for repossession a judge will put a stay on the order for anywhere for 3 months to 1 yr. Or the side you have people in social housing who are charged a differential rate and are still behind in their rents. If they can't pay what the State has determined is a fair rent then they should be moved to a lower cost model.

How is it fair that those who "play by the rules" always seem to subsidize those who don't and there are no consequences for those who don't.

Could anyone on boards name one TD or Minister who would come out in public and say people should be evicted for non payment of rent. The Chairman of the Housing agency (I think it was him) recently stated that there were people gaming the system and he was vilified for the statement. We all know its happening but no one is actually willing to say it.