Is there new legislation coming next week from Murphy?

LotharIngum

I heard on the radio this morning that there is new legislation coming from Minister Murphy next week.

What will it be?

Is he interfering more in the rental market, even though every single piece of previous interference has failed miserably and only made the situation worse, despite the dogs on the street knowing that property market interference has never ever in history not made things worse.

Will he offer tax incentives to landlords?
I doubt they will be worth enough to make people reconsider letting if he does. It would want to be HUGE.

Will he ban Airbnb?
What a tool if he does. More interference.

Will he allow landlords who are stuck on below market rates to bring their property rents up to market rates?
If he does this it would definietly be s step in the right direction. Those landlords who got caught out are the first out the door.

Will he allow evictions for people who dont pay their rent in full every month. Im talking about fast, 30 day evictions without having to go to the RTB and court. These people are taking up properties, costing landlords money, blocking them for good tenants, and making landlords leave the market.

Browney7

Ah yes, the taxation chestnut springs up yet again on the forum.

Income taxes are high in Ireland for most middle to higher earning people, not just Landlords. Why should landlords get preferential rates of tax on rental income?

Making property tax an allowable expense and a modest flat rate allowance for travel costs to carry out inspections are the two (small) taxation areas that may have merit.

Air BnB (and other short term booking sites), no problem with LLs making hay here once they get planning permission for change of use.

Tipsy McSwagger

Get rid of stamp duty

Samuel T. Cogley

Browney7 wrote: »

Ah yes, the taxation chestnut springs up yet again on the forum.

Income taxes are high in Ireland for most middle to higher earning people, not just Landlords. Why should landlords get preferential rates of tax on rental income?

Making property tax an allowable expense and a modest flat rate allowance for travel costs to carry out inspections are the two (small) taxation areas that may have merit.

Air BnB (and other short term booking sites), no problem with LLs making hay here once they get planning permission for change of use.

Because we can fart out new middle skilled IT bods and middle managers until the cows come home with very little risk of them being expected to work for two years unpaid, but we've a major crisis when it comes to rental supply. Rental supply isn't going to come on stream without Landlords.

SteM

I agree, they shouldn't get preferential treatment re income tax imo.

Why should the government put a cap on how much how much a landlord can increase their rent by though? Do they tell Tescos how much their groceries can be increased by or tell petrol stations how much they can increase petrol by? The government don't tell stock market investors how much profit they can make on shares that they've invested in - they tax them on the earnings - but they limit how much landlords can make in their investment.

I understand that RPZs are there but most landlords within these RPZs bought their property before they were introduced. And this mess has partially come about because councils sold off their property stock to sitting tenants for a relative pittance back in the day and new affordable housing didn't replace it.

Browney7

Agreed government inaction and disastrous housing policy has been the main driver of the current mess bit that in itself has been a major boon for rents has it not? If the government had been able to bring 50000 units on stream (actually built them) over the last 10 to 15 years, would one bed apartment rents be over 1500 a month in Dublin city centre for example?

Landlords are of course part of the solution but the delivery of housing stock has to be ramped up and ramped up quickly and the private sector has not delivered that over the past number of years.

GGTrek

LotharIngum wrote: »

I heard on the radio this morning that there is new legislation coming from Minister Murphy next week.

What will it be?

Is he interfering more in the rental market, even though every single piece of previous interference has failed miserably and only made the situation worse, despite the dogs on the street knowing that property market interference has never ever in history not made things worse.

Will he offer tax incentives to landlords?
I doubt they will be worth enough to make people reconsider letting if he does.  It would want to be HUGE.

Will he ban Airbnb?
What a tool if he does.  More interference.

Will he allow landlords who are stuck on below market rates to bring their property rents up to market rates?
If he does this it would definietly be s step in the right direction.  Those landlords who got caught out are the first out the door.

Will he allow evictions for people who dont pay their rent in full every month.  Im talking about fast, 30 day evictions without having to go to the RTB and court.  These people are taking up properties, costing landlords money, blocking them for good tenants, and making landlords leave the market.

Almost none of what you are thinking about. Just more meddling from govvie to appease tenants'"charities" (:D let's call them this way) and sold out media, it was discussed at length in this forum in May-July:
https://ipoa.ie/wp-content/uploads/2018/07/2018-07-16_report-on-the-general-scheme-of-the-residential-tenancies-amendment-bill-2018_en.pdf
Please read it in full and you will see that absolutely nothing positive is present for landlord (as has been usual in any govvie initiative of the past 10 years).

nim1bdeh38l2cw

Larry Murphy?

Del2005

Browney7 wrote: »

Ah yes, the taxation chestnut springs up yet again on the forum.

Income taxes are high in Ireland for most middle to higher earning people, not just Landlords. Why should landlords get preferential rates of tax on rental income?

Making property tax an allowable expense and a modest flat rate allowance for travel costs to carry out inspections are the two (small) taxation areas that may have merit.

Air BnB (and other short term booking sites), no problem with LLs making hay here once they get planning permission for change of use.

The difference is that there are 2 tiers of landlords. The ordinary private landlord paying tax at 50% and the REITs paying none. Its the REITs increasing the rents as they are either new or heavily renovated, the ordinary landlord can't increase their rent. So either treat all landlords as a business or don't.

Don't forget it's the REITs that do annual increases regardless of how good a tenant is and when the private landlords are eventually driven out then we'll see what big business does to our rental market.

Selik

Talk of rents being frozen for 2-3 years across the board now. I imagine another exodus of landlords selling up is already underway....

ted1

Browney7 wrote: »

Ah yes, the taxation chestnut springs up yet again on the forum.

Income taxes are high in Ireland for most middle to higher earning people, not just Landlords. Why should landlords get preferential rates of tax on rental income?

Making property tax an allowable expense and a modest flat rate allowance for travel costs to carry out inspections are the two (small) taxation areas that may have merit.

Air BnB (and other short term booking sites), no problem with LLs making hay here once they get planning permission for change of use.

Because if the government are treating it as a business the landlord should be taxed as one and not as PAYE income with USC, PRSI etc

DubCount

LotharIngum wrote: »

I heard on the radio this morning that there is new legislation coming from Minister Murphy next week.

What will it be?

Is he interfering more in the rental market, even though every single piece of previous interference has failed miserably and only made the situation worse, despite the dogs on the street knowing that property market interference has never ever in history not made things worse.

Will he offer tax incentives to landlords?
I doubt they will be worth enough to make people reconsider letting if he does. It would want to be HUGE.

Will he ban Airbnb?
What a tool if he does. More interference.

Will he allow landlords who are stuck on below market rates to bring their property rents up to market rates?
If he does this it would definietly be s step in the right direction. Those landlords who got caught out are the first out the door.

Will he allow evictions for people who dont pay their rent in full every month. Im talking about fast, 30 day evictions without having to go to the RTB and court. These people are taking up properties, costing landlords money, blocking them for good tenants, and making landlords leave the market.

If more legislation is coming, my guess is that will be against short term letting (airBnB).

Although there may be some tinkering on Tax in the budget, it will be marginal and wont change the sell v keep going equation.

Dont expect any pro-landlord legislation. Expedited evictions for non-paying tenants etc. may be what the rental market needs, but it would be against the prevailing wind of left wing media comment, tenant interest groups, Sinn Fein and populist independents. All in all, our Government is too weak to bring in such measures, even it was brave enough to want to.

Lux23

Selik wrote: »

Talk of rents being frozen for 2-3 years across the board now. I imagine another exodus of landlords selling up is already underway....

And will these houses just disappear into thin air?

spaceHopper

Lux23 wrote: »

And will these houses just disappear into thin air?

No, if they are bought by a property syndicate they will look for vacant possession an do a renovation so that it's up to standard but will be priced at today's rent. Or it will be bought by owner occupiers and will be off the market. Either way whoever is renting it at the time of sale will have to move.

The Student

Lux23 wrote: »

And will these houses just disappear into thin air?

No but the number of bed spaces for rent will.

ted1

Lux23 wrote: »

And will these houses just disappear into thin air?

Property tax will increase , aswell maintenance costs etc. Expect the quality of places to go down

Browney7

ted1 wrote: »

Because if the government are treating it as a business the landlord should be taxed as one and not as PAYE income with USC, PRSI etc

But is it not treated like a business and it's the ultimate beneficial owner of the business who pays tax on the distributed proceeds? (Rent less allowable expenses = profit)

handlemaster

More anti landlord action no doubt. If they at least allowed landlords to evict non paying tenants. .. this would help as now landlords have had enough of this high risk investment

Edgware

Hammer the Airbnb and just watch those hotel room prices rocket. Then it will be time for the tourist industry to crib.
Murphy and Harris are completely out of their depth

PeadarCo

Edgware wrote:

Hammer the Airbnb and just watch those hotel room prices rocket. Then it will be time for the tourist industry to crib. Murphy and Harris are completely out of their depth

To be fair to them they are under huge pressure to sort out the housing crisis as soon as possible and they have to be seen to be doing something. Look at the housing protests recently. All that means they go for solutions that are visible and make good news paper headlines. The idea of why people are going towards Airbnb which is a lot more work than letting for an extended period of time isn't looked at. The main reason going Airbnb you risk far less money than going for a long term tenancy. Hitting Airbnb is sounds good but will do very little to sort out the core problem. You can rinse and repeat with rent freezes etc. Speaking as a tenant this does nothing to encourage you to rent long term as there's always the chance a landlord might get fed up or it could make better business sense to sell instead of rent.

handlemaster

PeadarCo wrote: »

To be fair to them they are under huge pressure to sort out the housing crisis as soon as possible and they have to be seen to be doing something. Look at the housing protests recently. All that means they go for solutions that are visible and make good news paper headlines. The idea of why people are going towards Airbnb which is a lot more work than letting for an extended period of time isn't looked at. The main reason going Airbnb you risk far less money than going for a long term tenancy. Hitting Airbnb is sounds good but will do very little to sort out the core problem. You can rinse and repeat with rent freezes etc. Speaking as a tenant this does nothing to encourage you to rent long term as there's always the chance a landlord might get fed up or it could make better business sense to sell instead of rent.

seen to be doing somthing has been to go to policy up until now

Scienceless

handlemaster wrote: »

seen to be doing somthing has been to go to policy up until now

True, but it’s gone too far at this stage, in one direction.

If changes aren’t made to bring balance and fairness back to the rental market, then decent small time landlords, of which there are many, will continue to sell up and get out. Who’d blame them.

I’ve seen plenty of it in my area, many previously rented houses sold on to owner occupiers, empty or occupied by landlords adult child(ren).

Last chance saloon I’d say for Gov to do this or it will get an awful lot worse.

the_syco

Browney7 wrote: »

If the government had been able to bring 50000 units on stream (actually built them) over the last 10 to 15 years

The government would probably have sold them off to the tenants by now at a low price, like they did last time they had everyone housed.

Lux23 wrote: »

And will these houses just disappear into thin air?

No. But they won't be rented; would doubt many landlords of long term rentals (as opposed to the likes of short term rentals like AirBnB) would be going into the market by choice for the next while.

PeadarCo wrote: »

Look at the housing protests recently.

The eviction protests? More reasons why not to be a landlord. Want to buy property to turn into apartments? Look at how the protesters invade such buildings to delay your conversion.

GGTrek wrote: »

Almost none of what you are thinking about. Just more meddling from govvie to appease tenants'"charities" (:D let's call them this way) and sold out media, it was discussed at length in this forum in May-July:
https://ipoa.ie/wp-content/uploads/2018/07/2018-07-16_report-on-the-general-scheme-of-the-residential-tenancies-amendment-bill-2018_en.pdf
Please read it in full and you will see that absolutely nothing positive is present for landlord (as has been usual in any govvie initiative of the past 10 years).

Hrm. I found one idea in that which may keep landlords from the lower end of the market from leaving.

KEY ISSUE 6: REALIGNMENT OF RENT PRESSURE ZONE RENTS

This could keep a load of landlords form leaving, as it would allow landlords that were charging below market rent before implementation of RPZs to up it to market rent levels.

GGTrek

the_syco wrote: »

Hrm. I found one idea in that which may keep landlords from the lower end of the market from leaving.

KEY ISSUE 6: REALIGNMENT OF RENT PRESSURE ZONE RENTS

This could keep a load of landlords form leaving, as it would allow landlords that were charging below market rent before implementation of RPZs to up it to market rent levels.

Do you honestly believe that in the current climate of leftie parties and sold out media asking for total rent freezes this proposal (that came from the IPOA actually, it was not in the govvie agenda) will pass?

Scienceless

GGTrek wrote: »

Do you honestly believe that in the current climate of leftie parties and sold out media asking for total rent freezes this proposal (that came from the IPOA actually, it was not in the govvie agenda) will pass?

Do they want to keep compliant small time landlords in the market or not?
It’s very simple at the end of the day.

GGTrek

Scienceless wrote: »

GGTrek wrote: »

Do you honestly believe that in the current climate of leftie parties and sold out media asking for total rent freezes this proposal (that came from the IPOA actually, it was not in the govvie agenda) will pass?

Do they want to keep compliant small time landlords in the market or not?
It’s very simple at the end of the day.

Look I am not in the business of wishful thinking. I have serious money at stake and I am planning what to do if another bad scenario like Dec 16 happens. Great if they allow realignment of rents but very unlikely in my informed opinion based on the 10yrs track record of the Irish govvie. Depending on the outcome of this legislation I am preparing all the people and resources necessary in order to sell 10 small properties starting spring 2019.

Scienceless

GGTrek wrote: »

Look I am not in the business of wishful thinking. I have serious money at stake and I am planning what to do if another bad scenario like Dec 16 happens. Great if they allow realignment of rents but very unlikely in my informed opinion based on the 10yrs track record of the Irish govvie. Depending on the outcome of this legislation I am preparing all the people and resources necessary in order to sell 10 small properties starting spring 2019.

You are certainly right about one thing, it is definitely decision time for many landlords, and I agree many will sell up if the pending legislation goes against compliant small time landlords (again).

handlemaster

It will be a  click bait action on behalf of the government, anything  that would be seen to be fair to landlords would not fly

The Student

Scienceless wrote: »

You are certainly right about one thing, it is definitely decision time for many landlords, and I agree many will sell up if the pending legislation goes against compliant small time landlords (again).

I am in the the position. If its anti landlord I will be selling up.

ted1

Browney7 wrote: »

But is it not treated like a business and it's the ultimate beneficial owner of the business who pays tax on the distributed proceeds? (Rent less allowable expenses = profit)

USC is on all income. So it’s not just on profit.

tvjunki

The Student wrote: »

I am in the the position. If its anti landlord I will be selling up.

Debate in the dail and legislation today stopping landlords giving tenants notice that they need vacant possession to selling houses. If tenants have a risk of homelessness landlords will have to sell with tenant in place.

So this is sitting tenant will devalue your home by a min 50k of the value of your house! Landlords will not be able to get a mortgage with a sitting tenant.

Last straw. I am giving notice to tenants today.
Note...
If you do give notice make sure you take the forms from rtb as they have added a few additional paragraphs on the notice to quit forms.

Browney7

tvjunki wrote: »

Debate in the dail and legislation today stopping landlords giving tenants notice that they need vacant possession to selling houses. If tenants have a risk of homelessness landlords will have to sell with tenant in place.

So this is sitting tenant will devalue your home by a min 50k of the value of your house! Landlords will not be able to get a mortgage with a sitting tenant.

Last straw. I am giving notice to tenants today.
Note...
If you do give notice make sure you take the forms from rtb as they have added a few additional paragraphs on the notice to quit forms.

The motion won't pass so you may aswell hold your horses unless you want to sell anyway and lock in a lofty price for your property

GGTrek

I agree this is the usual stunt from the communists of PBP with the support of the usual culprits. Not a chance it will pass.

Samuel T. Cogley

GGTrek wrote: »

I agree this is the usual stunt from the communists of PBP with the support of the usual culprits. Not a chance it will pass.

I wouldn't be so sure given the current climate.

The Student

Samuel T. Cogley wrote: »

I wouldn't be so sure given the current climate.

I don't think the Govt would be so naïve. This would be the final nail in the coffin for landlords who would never fix their properties if they are in rent pressure zones and the then inability to sell with vacant possession.

Effectively there would be no incentive for a landlord to invest anything in the property.

brightspark

The price of anything is limited upwards by the amount someone is willing to pay, (the lowest price is the original cost in labour/materials etc otherwise it is a loss to the seller)

The rental price is what people are able to pay, not the cost of the property etc.

1, Giving the renters a tax rebate would result in the tenants having more money available and will increase the rents paid (excluding the areas where rent increases are limited), more profit again for the landlords and a partial recovery of the rebate cost to the government. This would gave the effect of making renting even less affordable to those who don't pay income tax as they would have no tax on which to claim relief.

2, Lowering the income tax would mean more profit for the landlords, as the tenants still have the same amount of money available. Whether or not increasing the landlords profits would cause an increase in supply is difficult to say, but an increase in rental supply can only come at a cost to those who purchase their own homes.

3, Increasing the tax would mean the government getting a share of the money which they could use to create more social housing (they probably wouldn't but that's another argument).
Increasing the income tax would make the difference between the cost to landlord and the amount the renter is able to pay smaller resulting in less profit or even a loss to the landlords, resulting in less rental properties being available, but may lower the cost of houses so that owner occupiers can afford them.


Options 1 & 2 are largely only good for the landlords, at a direct cost to the governments income. It is unlikely though that improving the situation for landlords proportionately improves the situation for renters, so it's probably not a good solution to the "housing crisis"

If anything option 3 is better for the government as it gets a larger "share" of money available from property and makes the net cost of using the private rental sector for social housing cheaper.

Fol20

There’s only one simple way to bring down rental costs - increase supply.

This can be done in two ways. 1. Build more rental properties(reits are the only likely people to buy these) or make it more profitable to ll in some manor or mitigate risks ll currently have to bear.

Bluefoam

Fol20 wrote: »

There’s only one simple way to bring down rental costs - increase supply.

This can be done in two ways. 1. Build more rental properties(reits are the only likely people to buy these) or make it more profitable to ll in some manor or mitigate risks ll currently have to bear.

...or create barriers to short term letting (airBNB/Hotel) of residential houses and bring them bacvk to the residential letting market...

The Student

brightspark wrote: »

The price of anything is limited upwards by the amount someone is willing to pay, (the lowest price is the original cost in labour/materials etc otherwise it is a loss to the seller)

The rental price is what people are able to pay, not the cost of the property etc.

1, Giving the renters a tax rebate would result in the tenants having more money available and will increase the rents paid (excluding the areas where rent increases are limited), more profit again for the landlords and a partial recovery of the rebate cost to the government. This would gave the effect of making renting even less affordable to those who don't pay income tax as they would have no tax on which to claim relief.

2, Lowering the income tax would mean more profit for the landlords, as the tenants still have the same amount of money available. Whether or not increasing the landlords profits would cause an increase in supply is difficult to say, but an increase in rental supply can only come at a cost to those who purchase their own homes.

3, Increasing the tax would mean the government getting a share of the money which they could use to create more social housing (they probably wouldn't but that's another argument).
Increasing the income tax would make the difference between the cost to landlord and the amount the renter is able to pay smaller resulting in less profit or even a loss to the landlords, resulting in less rental properties being available, but may lower the cost of houses so that owner occupiers can afford them.


Options 1 & 2 are largely only good for the landlords, at a direct cost to the governments income. It is unlikely though that improving the situation for landlords proportionately improves the situation for renters, so it's probably not a good solution to the "housing crisis"

If anything option 3 is better for the government as it gets a larger "share" of money available from property and makes the net cost of using the private rental sector for social housing cheaper.

Option 1 allows existing renters in RPZ save for a deposit and eventually own their own homes. It will also will flush out Rogue landlords as those who are not tax compliant will not be approved for the tax credit for the tenants.

Option 2 Lowering the tax on landlords will reduce the exodus of small landlords as the existing tax regime for the risk involved is ridiculous, if you don't change the tax rate then speed up the eviction process.

Option 3 will in my opinion not work as the Govt does not want to provide social housing as we refuse to deal with anti social behavior and non payment of council rents. This is a societal issue.

Assetbacked

Deja vous to another current topic in this forum but taxing the rent received by REITs should be low-hanging fruit for the government. The whole point of structuring as a REIT to become a landlord is to ensure no tax is paid on rental income. Not taxing these institutions comes at a cost to the individuals in Ireland who rent and pay tax to the government.

brightspark

The Student wrote: »

Option 1 allows existing renters in RPZ save for a deposit and eventually own their own homes. It will also will flush out Rogue landlords as those who are not tax compliant will not be approved for the tax credit for the tenants.

Option 2 Lowering the tax on landlords will reduce the exodus of small landlords as the existing tax regime for the risk involved is ridiculous, if you don't change the tax rate then speed up the eviction process.

Option 3 will in my opinion not work as the Govt does not want to provide social housing as we refuse to deal with anti social behavior and non payment of council rents. This is a societal issue.

Option 1 perhaps but only those in RPZ, everyone else will see their rents go up to match.

Option 2 will only improve their profit margins, and the more property controlled by landlords the less available for to be purchased privately.

Option 3, I didn't say they would provide more social housing, just that they should, regardless they will have more money to pay the landlords (give it to them via the tenant and take it back in tax)

handlemaster

Browney7 wrote: »

Ah yes, the taxation chestnut springs up yet again on the forum.

Income taxes are high in Ireland for most middle to higher earning people, not just Landlords. Why should landlords get preferential rates of tax on rental income?

Making property tax an allowable expense and a modest flat rate allowance for travel costs to carry out inspections are the two (small) taxation areas that may have merit.

Air BnB (and other short term booking sites), no problem with LLs making hay here once they get planning permission for change of use.

Why lower taxes. Government DOESN'T want to house welfare tenants. If they want more landlords which is what their policy is. . Then high risk lower taxes

handlemaster

Browney7 wrote: »

Ah yes, the taxation chestnut springs up yet again on the forum.

Income taxes are high in Ireland for most middle to higher earning people, not just Landlords. Why should landlords get preferential rates of tax on rental income?

Making property tax an allowable expense and a modest flat rate allowance for travel costs to carry out inspections are the two (small) taxation areas that may have merit.

Air BnB (and other short term booking sites), no problem with LLs making hay here once they get planning permission for change of use.

Why lower taxes. Government DOESN'T want to house welfare tenants. If they want more landlords which is what their policy is. . Then high risk lower taxes

The Student

brightspark wrote: »

Option 1 perhaps but only those in RPZ, everyone else will see their rents go up to match.

Option 2 will only improve their profit margins, and the more property controlled by landlords the less available for to be purchased privately.

Option 3, I didn't say they would provide more social housing, just that they should, regardless they will have more money to pay the landlords (give it to them via the tenant and take it back in tax)

Option 1 what's to stop landlords raising the rent outside RPZ anyway. At least by doing this you give something to the tenants.

Option 2 will allow purchasers compete with landlords on future purchases. As it stands current renters will never be able to save a deposit and will be stuck renting forever. If landlords leave where will the existing tenants live when the property is sold due to the anti landlord stance.

Fol20

Bluefoam wrote: »

...or create barriers to short term letting (airBNB/Hotel) of residential houses and bring them bacvk to the residential letting market...

People think this will work but most people that went the air bnb did it as they are sick of the rules against ll. I see a lot of them just selling the property now which will more than likely go to owner occupier instead of rentals

Samuel T. Cogley

Fol20 wrote: »

People think this will work but most people that went the air bnb did it as they are sick of the rules against ll. I see a lot of them just selling the property now which will more than likely go to owner occupier instead of rentals

Mines going to the coucil as soon I see exactly what the legislation holds.

garhjw

Samuel T. Cogley wrote: »

I wouldn't be so sure given the current climate.

It’s only a motion. I can’t see how it could be legislated for given the financial impact it would have on the property owner. It makes the property unsellable as banks will not provide a mortgage on a property without vacant possession. Does the government then need to legislate for banks to provide mortgages without vacant possession? Also eliminates CGT for the government if the value of the investment property is decreased so significantly.

Samuel T. Cogley

garhjw wrote: »

It’s only a motion. I can’t see how it could be legislated for given the financial impact it would have on the property owner. It makes the property unsellable as banks will not provide a mortgage on a property without vacant possession. Does the government then need to legislate for banks to provide mortgages without vacant possession? Also eliminates CGT for the government if the value of the investment property is decreased so significantly.

Didn't we get to within one vote of this the last time or was that for own use?

garhjw

Samuel T. Cogley wrote: »

Didn't we get to within one vote of this the last time or was that for own use?

I don’t know the answer to that but just can’t see how it is workable give. The impact it has on the property owner. In my current situation I have to evict tenants from properties as executor of my fathers estate. I have to sell the properties to discharge the liabilities of the estate and pay inheritance taxes. If I can’t evict to sell then I’m stuck with the property or have to flog it for very little and then not have funds to discharge liabilities of the estate...

Bringing is such a law would also push many investment properties back into negative equity.

tvjunki

Bluefoam wrote: »

...or create barriers to short term letting (airBNB/Hotel) of residential houses and bring them bacvk to the residential letting market...

The airbnb/ rent my home/home away lettings are only a drop in the ocean to the amount of properties needed.

With the lack of control landlords have on their properties many are leaving them empty. I know of a few that have been stung with tenants not paying for years and trashing/clearing the houses out when they do leave. They are now sitting on the empty properties until the market reaches it peak and will sell them off in a year or so.

Not a good time to be a landlord if you are small time.

Browney7

tvjunki wrote: »

The airbnb/ rent my home/home away lettings are only a drop in the ocean to the amount of properties needed.

With the lack of control landlords have on their properties many are leaving them empty. I know of a few that have been stung with tenants not paying for years and trashing/clearing the houses out when they do leave. They are now sitting on the empty properties until the market reaches it peak and will sell them off in a year or so.

Not a good time to be a landlord if you are small time.

If that's how they are choosing to deploy their capital then that's their choice after being a victim of crime, they are free to do so.

I'd say I know close to fifty people who've been renting in Dublin for years and if they've as much as broken a plate I'd be amazed so I'm unsure how so many landlords get so unlucky on boards?