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Looking for affordable two bedroom house

  • 06-08-2019 9:24am
    #1
    Registered Users, Registered Users 2 Posts: 69 ✭✭


    My wife and I are currently paying €2100 a month for a two bedroom apartment in Drumcondra. We have one of our children sleeping in the spare room, with the other sleeping on a sofa bed.

    Our rent accounts for 42% of our household income, we would be looking to move on to somehere cheaper in the same area.

    We cannot find anywhere in the area lower than what we are already paying, and due to family circumstances we have to be around the Drumcondra, Glasnevin, Santry, Artane area.

    We are hoping to find a landlord who just wants to rent out their property at a level that will cover their mortgage plus a reasonable amount for the expenses incurred in letting out the property. If there is anyone out there we would be very interested to chat to you.

    I'm not having a go at landlords here, I appreciate that every landlords background is different and there are many reasons why they charge the level of rent that they do. But at present our rent is killing us and we need to move. We live in a rent control area, our rent has increased 8% in the last two years but unfortunately we have not had a pay rise in that same period


«1

Comments

  • Registered Users, Registered Users 2 Posts: 2,579 ✭✭✭charlietheminxx


    TBH you're not going to find something in that area that could be classed as "affordable". It's a high-demand area because of it's proximity to town (and DCU if we are talking Glasnevin and Santry). I was going to suggest seeing if you were eligible for any supports (like HAP) but with your income, it doesn't look like you would be. Could you move even slightly further out? It could mean a big difference in rent.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    Hi Charlie

    Yeah I appreciate your point and it will be impossible to find somewhere cheaper. Ouir daughter has aspergers and after years of her unable to settle in schools she has finally found a school near us which she loves. We are worried that if we move further away from the school we disrupt her routine and the progress she has made goes to pot.

    I guess we will just have to suck up another 4% rent increase in February


  • Registered Users, Registered Users 2 Posts: 2,579 ✭✭✭charlietheminxx


    Would you consider Swords at all? I know it's not in the areas you listed but it's only 10 mins further out than Santry and you'd get better value there. I really sympathise with you as I understand the importance of routine etc. for children on the spectrum, but hopefully this wouldn't be too far out to stop her attending?


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    It is something that we have looked at but the places we seen in Swords were being rented out at €1400 a month, and as far as I know are not in a rent control area so your subject to what ever increase the landlord deems fit at the end of the lease

    €2100 v €1400 would obviously be cheaper but when you factor in travel costs its not that much of a saving.

    Then we have the added hassle of doing two school runs through rush hour traffic and then both of us trying to get to town for a 9am start.

    Thats before you factor in moving our daughter further up the road away from her school friends and the possible negative impact that will have.

    i can see us moving out of Dublin in the next few years when the kids have finished school. It's just not worth our while anymore. We are not one of those couples who are mad to own their own house. We like the flexibility of renting, we just wish it was at a fair level


  • Registered Users, Registered Users 2 Posts: 2,579 ✭✭✭charlietheminxx


    lustig2014 wrote: »
    It is something that we have looked at but the places we seen in Swords were being rented out at €1400 a month, and as far as I know are not in a rent control area so your subject to what ever increase the landlord deems fit at the end of the lease

    €2100 v €1400 would obviously be cheaper but when you factor in travel costs its not that much of a saving.

    Just on this, all of Dublin is covered by the RPZ rent controls. To me saving anything over €500 a month cheaper would make it worth a shot (can't see how travel costs would be much higher versus Santry) but I appreciate that it just doesn't suit your circumstances at the moment :( I hope you find something better for you OP, it's brutal at there at the moment.


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  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    Thanks Charlie, appreciate your advice and I will look into it.


  • Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 14,263 Mod ✭✭✭✭pc7


    What about this? https://www.myhome.ie/rentals/brochure/cedarwood-road-glasnevin-dublin-11/4327022

    Only 10 mins from Drumcondra, its a nice area too.


  • Registered Users, Registered Users 2 Posts: 72,148 ✭✭✭✭L1011


    Even outside of RPZs rent increases cannot exceed the market rate and must come with evidence of such. But Swords is RPZ anyway as stated


  • Registered Users, Registered Users 2 Posts: 26,584 ✭✭✭✭Creamy Goodness


    You won’t find anyone renting to just cover the mortgage. The main reason (outside of demand) that rents are high is the tax of rental income. To cover a mortgage you basically need to have the rent set at mortgage + 50% at the very least. There has to be something in it for the landlord as well cause as otherwise it’s just too risky all it takes is one bad tenant.

    I empathise with your situation and am by no means siding with “the landlord” in this case but it’s just not as simple as you make it out to be.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    You won’t find anyone renting to just cover the mortgage. The main reason (outside of demand) that rents are high is the tax of rental income. To cover a mortgage you basically need to have the rent set at mortgage + 50% at the very least. There has to be something in it for the landlord as well cause as otherwise it’s just too risky all it takes is one bad tenant.

    I empathise with your situation and am by no means siding with “the landlord” in this case but it’s just not as simple as you make it out to be.



    Yeah I completely understand the position a lot of landlords find themselves in. Stuck on negative equity after buying at the height of the crash, hearing horror stories of tenants trashing houses, having to pay 52% effective rate on rental profits.

    It's a situation in which there are very few winners, so as I said I am not having a go at landlords.


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  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    pc7 wrote: »
    What about this? https://www.myhome.ie/rentals/brochure/cedarwood-road-glasnevin-dublin-11/4327022

    Only 10 mins from Drumcondra, its a nice area too.

    Will definitely have a look at this. I was only looking at daft and rent.ie and there wasn't much there


  • Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 14,263 Mod ✭✭✭✭pc7


    lustig2014 wrote: »
    Will definitely have a look at this. I was only looking at daft and rent.ie and there wasn't much there


    Calling to local estate agents might help too, have references, a letter saying you've 2 months deposit (if you can), little things like that might help you be first in their heads if something becomes available.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    pc7 wrote: »
    Calling to local estate agents might help too, have references, a letter saying you've 2 months deposit (if you can), little things like that might help you be first in their heads if something becomes available.


    Definitely an idea and will look into it.


  • Registered Users, Registered Users 2 Posts: 5,872 ✭✭✭Old diesel


    You won’t find anyone renting to just cover the mortgage. The main reason (outside of demand) that rents are high is the tax of rental income. To cover a mortgage you basically need to have the rent set at mortgage + 50% at the very least. There has to be something in it for the landlord as well cause as otherwise it’s just too risky all it takes is one bad tenant.

    I empathise with your situation and am by no means siding with “the landlord” in this case but it’s just not as simple as you make it out to be.

    Simply asking the tenants to pay more and more with isn't that simple either.

    What landlords forget is that there are limits to what people can pay.

    Both sides need to understand the challenges the other has.

    The reality is that 2100 a month for a 2 bed is A LOT.

    Yes yes location location - but it's still a lot of money no matter if it's small landlord or a REIT.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    Old diesel wrote: »
    Simply asking the tenants to pay more and more with isn't that simple either.

    What landlords forget is that there are limits to what people can pay.

    Both sides need to understand the challenges the other has.

    The reality is that 2100 a month for a 2 bed is A LOT.

    Yes yes location location - but it's still a lot of money no matter if it's small landlord or a REIT.

    Agree 100%, my question would be, if the tenants are paying astronimical rents, and the landlords have to charge this rent to make it viable, who is it who is benefitting?

    Prior to 2010 rents were affordable. No-one mentioned the rent they had to pay because it was just a basic overhead. So how were landlords getting by back then if we are to believe that they are still struggling now but taking in €2k a month?


  • Registered Users, Registered Users 2 Posts: 5,872 ✭✭✭Old diesel


    lustig2014 wrote: »
    Agree 100%, my question would be, if the tenants are paying astronimical rents, and the landlords have to charge this rent to make it viable, who is it who is benefitting?

    Prior to 2010 rents were affordable. No-one mentioned the rent they had to pay because it was just a basic overhead. So how were landlords getting by back then if we are to believe that they are still struggling now but taking in €2k a month?

    Govt via high landlord taxes - and banks who get paid mortgages including the interest on those mortgages based on Celtic tiger purchase prices.

    I believe some of the tax issues came about due to some budget changes at some point.

    Also pre 2010 houses bought pre Celtic tiger were still in system - those didn't need as much per month to cover costs.

    Also in the whole general 2010 era everything collapsed so lots of homes about.

    Part of reason landlords need more money now is they are trying to salvage losses from the crash.

    Govt badly needs to give direction on what the future for BOTH tenants and landlords is going to be.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    Old diesel wrote: »
    Govt via high landlord taxes - and banks who get paid mortgages including the interest on those mortgages based on Celtic tiger purchase prices.

    I believe some of the tax issues came about due to some budget changes at some point.

    Also pre 2010 houses bought pre Celtic tiger were still in system - those didn't need as much per month to cover costs.

    Also in the whole general 2010 era everything collapsed so lots of homes about.

    Part of reason landlords need more money now is they are trying to salvage losses from the crash.

    Govt badly needs to give direction on what the future for BOTH tenants and landlords is going to be.


    There is something wrong in the system where tenants are covering landlords losses. I have huge sympathy for those sitting in negative equity, but like any asset you have to be prepared for its price to increase and decrease over time. So we are saying to prospective landlords, buy this house, if it increases in value thats great, if it decreases then charge the maximum rent to cover your loss

    I suppose thats what the government wants - tenants and landlords at each others throats so that it diverts attention from their abysmal housing policy


  • Registered Users, Registered Users 2 Posts: 4,803 ✭✭✭Xterminator


    what some people here are forgetting is if a landlord charges below market rates to a good tenant he can almost never get back to market rate, even when that tenant moves out -because even at end of tenancy, if they are going by the books they are limited to what they can increase and will stay behind the curve as long as current market conditions continue.

    any inducement to charge below market rates for good tenants has been removed by the way the market has been influenced by rent control.


  • Registered Users, Registered Users 2 Posts: 3,100 ✭✭✭Browney7


    what some people here are forgetting is if a landlord charges below market rates to a good tenant he can almost never get back to market rate, even when that tenant moves out -because even at end of tenancy, if they are going by the books they are limited to what they can increase and will stay behind the curve as long as current market conditions continue.

    any inducement to charge below market rates for good tenants has been removed by the way the market has been influenced by rent control.

    I'd imagine the OP would be hoping to pick up one of these rent controlled properties out of sheer luck after existing tenants leave (buy their own place etc) but most landlords in this situation are probably selling up instead of re renting or else just flouting the rules


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    what some people here are forgetting is if a landlord charges below market rates to a good tenant he can almost never get back to market rate, even when that tenant moves out -because even at end of tenancy, if they are going by the books they are limited to what they can increase and will stay behind the curve as long as current market conditions continue.

    any inducement to charge below market rates for good tenants has been removed by the way the market has been influenced by rent control.


    I dread to think how bad rents would be without rent control, I can't accept the argument that somehow rent control is causing the high rents.

    Maybe Landlords shouldn't have profit as the sole motivation for renting out a property. I accept that it needs to be financially viable or else there is no point in doing it. But how good would it feel to know that a family is moving ahead with their lives, to know that your tenants are paying a fair rent and will eventually get their own house because you helped them on the way. Surely that feeling is worth more than an extra few hundred euros a month, 52% of which goes on tax?

    Why do more landlords not have this mentality, instead of looking at every facet of this situation from a financial point of view?


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  • Registered Users, Registered Users 2 Posts: 8,512 ✭✭✭baby and crumble


    Have a look at Finglas, OP. We bought there a few years ago and it's barely past Glasnevin, and much, much cheaper. There's some dodgy spots, but they're mostly in West Finglas, but if you follow Glasnevin up through Ballygall and into Finglas East the prices go down dramatically and honestly it's been grand for us. Our address is Finglas East but literally 1 road over is Glasnevin.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    Have a look at Finglas, OP. We bought there a few years ago and it's barely past Glasnevin, and much, much cheaper. There's some dodgy spots, but they're mostly in West Finglas, but if you follow Glasnevin up through Ballygall and into Finglas East the prices go down dramatically and honestly it's been grand for us. Our address is Finglas East but literally 1 road over is Glasnevin.

    We are looking there as well. My friend lives there and her mortgage is €1,000 a month for a four bedroom house. It sickens me that we are paying double in rent for half the bedrooms. Also that houses smaller than hers in the same area are going for over €2,000 a month


  • Closed Accounts Posts: 71 ✭✭eoinob50


    lustig2014 wrote: »
    I dread to think how bad rents would be without rent control, I can't accept the argument that somehow rent control is causing the high rents.

    Maybe Landlords shouldn't have profit as the sole motivation for renting out a property. I accept that it needs to be financially viable or else there is no point in doing it. But how good would it feel to know that a family is moving ahead with their lives, to know that your tenants are paying a fair rent and will eventually get their own house because you helped them on the way. Surely that feeling is worth more than an extra few hundred euros a month, 52% of which goes on tax?

    Why do more landlords not have this mentality, instead of looking at every facet of this situation from a financial point of view?

    Because it is seen as a business/ stream of revenue, no more no less. No emotion involved.

    Do agree that rents are ridiculous!!


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    eoinob50 wrote: »
    Because it is seen as a business/ stream of revenue, no more no less. No emotion involved.

    Do agree that rents are ridiculous!!

    Why should that be the case though? Is there no desire whatsoever to give the next generation the same assistance most of our current landlords received.

    Did our current landlords have to pay 42% of their income while they were renting? Of course they didn't, or else they wouldn't be homeowners.

    The lack of emotion when dealing with housing will lead to an exodus of people from Dublin in the next 10-15 years


  • Registered Users, Registered Users 2 Posts: 4,803 ✭✭✭Xterminator


    i dont think anyone is saying rent control is causing the high rents. but it is a dis-incentive to charge below market rates to good tenants.

    i understand your point that there is a social aspect to housing, but you are asking a group individuals to voluntarily not charge as much as they could, for the social good, but these same landlords are demonised in the press, and on the end of a barrage of changes that have made their life worse, and who get no reward or recognition for charging a fair rent instead of every last penny they can. Yet when tenants misbehave the landlord is shafted. no mechanism to remove tenants quickly when not living up to their obligations.

    It wouldn't make sense to charge below market rates, because they will be stuck there, even when the tenancy ends. you need to apply a carrot as well as a stick sometimes.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    i dont think anyone is saying rent control is causing the high rents. but it is a dis-incentive to charge below market rates to good tenants.

    i understand your point that there is a social aspect to housing, but you are asking a group individuals to voluntarily not charge as much as they could, for the social good, but these same landlords are demonised in the press, and on the end of a barrage of changes that have made their life worse, and who get no reward or recognition for charging a fair rent instead of every last penny they can. Yet when tenants misbehave the landlord is shafted. no mechanism to remove tenants quickly when not living up to their obligations.

    It wouldn't make sense to charge below market rates, because they will be stuck there, even when the tenancy ends. you need to apply a carrot as well as a stick sometimes.

    The incentive is you are responsible for improving a family's life. By offering them to chance to own a home, to know that you are responsible for that. You mention the bad media image of landlords, why would a landlord care about what the media image is, if they know they have done a good thing and helped a family?


  • Closed Accounts Posts: 71 ✭✭eoinob50


    lustig2014 wrote: »
    Why should that be the case though? Is there no desire whatsoever to give the next generation the same assistance most of our current landlords received.

    Did our current landlords have to pay 42% of their income while they were renting? Of course they didn't, or else they wouldn't be homeowners.

    The lack of emotion when dealing with housing will lead to an exodus of people from Dublin in the next 10-15 years

    To be frank... no desire.

    Its a business to them, if emotion comes into play they might as well forget it.

    Your dreaming of an idealistic world which does not exist.


  • Registered Users, Registered Users 2 Posts: 2,579 ✭✭✭charlietheminxx


    lustig2014 wrote: »
    The incentive is you are responsible for improving a family's life. By offering them to chance to own a home, to know that you are responsible for that. You mention the bad media image of landlords, why would a landlord care about what the media image is, if they know they have done a good thing and helped a family?

    I'm not being funny but you know most landlords have families too? Like I get your frustration, I'm a renter myself (though not for too much longer) but you can't expect landlords to be using their assets to do people a favour or to be nice. I agree the system sucks, and again I know you're in a really awkward position, but this is one of those times when you remember that an affordable home in one of the most expensive areas of the country isn't owed to you or me or anyone else, least of all on the kindness of strangers.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    eoinob50 wrote: »
    To be frank... no desire.

    Its a business to them, if emotion comes into play they might as well forget it.

    Your dreaming of an idealistic world which does not exist.


    I'm not exactly taking about a golden utopia here. I'm asking for landlords to uphold their moral obligation to provide housing at a fair rate.

    We are not taking about a PS4 or an iphone here, where companies can charge what they want because people have a choice as to whether they want to buy it.

    We are talking about a roof over someones head, a basic human right, and the more we continue on our current path the more people will be forced onto the streets


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  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    I'm not being funny but you know most landlords have families too? Like I get your frustration, I'm a renter myself (though not for too much longer) but you can't expect landlords to be using their assets to do people a favour or to be nice. I agree the system sucks, and again I know you're in a really awkward position, but this is one of those times when you remember that an affordable home in one of the most expensive areas of the country isn't owed to you or me or anyone else, least of all on the kindness of strangers.

    In the midst of the worst housing crisis in the state, with 10,000 people homeless? Yes, it would be nice we could rely on the kindness of strangers once in a while.

    I do not want to own a home in Dublin. I want to pay a fair level of rent. in an area where my family is settled. I do not think that is too much to ask


  • Registered Users, Registered Users 2 Posts: 3,633 ✭✭✭Fol20


    lustig2014 wrote: »
    There is something wrong in the system where tenants are covering landlords losses. I have huge sympathy for those sitting in negative equity, but like any asset you have to be prepared for its price to increase and decrease over time. So we are saying to prospective landlords, buy this house, if it increases in value thats great, if it decreases then charge the maximum rent to cover your loss

    I suppose thats what the government wants - tenants and landlords at each others throats so that it diverts attention from their abysmal housing policy

    That’s not how it works. Ll are trying to make a profit and sometimes you take a hit while at other times you make a profit. Ll charge market rate at all times of the cycle be it in good times and bad times.


    What is wrong right now is that normally if you have a market where there are super normal profits. You would see a natural increase in ll as more enter the market to get their hands on these profits. Instead due to governmental influence we are seeing the opposite effect where ll are decreasing due to pro tenant legislation, changes in taxation, more risk, and lastly high asset value where better gains can potentially made elsewhere without the heartache and hassle that goes with being a ll.


  • Registered Users, Registered Users 2 Posts: 2,579 ✭✭✭charlietheminxx


    lustig2014 wrote: »
    In the midst of the worst housing crisis in the state, with 10,000 people homeless? Yes, it would be nice we could rely on the kindness of strangers once in a while.

    I do not want to own a home in Dublin. I want to pay a fair level of rent. in an area where my family is settled. I do not think that is too much to ask

    Unfortunately whether you think its not to much to ask or not isn't relevant at the moment because it's just not very realistic.

    The way it is absolutely sucks, we need massive reforms and I 100% think you're right that the world would be better if people were kinder, but we have to make plans based on the present realities.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    I originally started this thread to see if there was anyone who had a property they could rent to my family at a fair rent.

    I have no wish to turn this thread into a full on discussion on the problems in the housing system. Could I ask that you refrain from adding any further comments unless they are related directly to the opening post.


  • Registered Users, Registered Users 2 Posts: 3,633 ✭✭✭Fol20


    lustig2014 wrote: »
    The incentive is you are responsible for improving a family's life. By offering them to chance to own a home, to know that you are responsible for that. You mention the bad media image of landlords, why would a landlord care about what the media image is, if they know they have done a good thing and helped a family?

    If you seriously think a ll should do the above you would delusional. This is what charity organizations are for. If you are a ll and follow these principles, you are doomed to fail as others have pointed out, tenants are quick to rip into ll when they can do ll must do the same. It’s a dog eat dog world in BUSINESS and should be treated as such “ a business”


  • Registered Users, Registered Users 2 Posts: 2,579 ✭✭✭charlietheminxx


    It's also worth noting that even outside Ireland's broken rental model, there are few places in the western world where you could earn an average wage and afford to rent 10-15 minutes from the city centre, while supporting 2 children.


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  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    It's also worth noting that even outside Ireland's broken rental model, there are few places in the western world where you could earn an average wage and afford to rent 10-15 minutes from the city centre, while supporting 2 children.

    ok thanks I appreciate your comments


  • Registered Users, Registered Users 2 Posts: 3,633 ✭✭✭Fol20


    lustig2014 wrote: »
    I dread to think how bad rents would be without rent control, I can't accept the argument that somehow rent control is causing the high rents.

    Maybe Landlords shouldn't have profit as the sole motivation for renting out a property. I accept that it needs to be financially viable or else there is no point in doing it. But how good would it feel to know that a family is moving ahead with their lives, to know that your tenants are paying a fair rent and will eventually get their own house because you helped them on the way. Surely that feeling is worth more than an extra few hundred euros a month, 52% of which goes on tax?

    Why do more landlords not have this mentality, instead of looking at every facet of this situation from a financial point of view?

    Its cold hard numbers. Why become a ll if you dont make money, You might see other friends enjoy life with a new car,holidays and nights out when you instead decided to put your saving into a house so you have money left away for your pension. 99pc of people would treat it this way, more often than not the people wanting others to treat this like a charity would not do the same if the tables were reversed.

    Look into basic economics to understand supply and demand. Rents are continuing to increase.. Why? you guessed it, demand outstrips supply...

    How do we cause rents to decrease? Increase supply.... What did we do, we followed failed approaches where the eu recommended against it with no successful model to stifle the market through RPZ. What did this cause..? It certainly didnt cause the supply to increase and in fact caused the industry to shrink as there is no motive to invest in this unless your an REIT which has favorable taxation as without the taxation, its nowhere near as lucrative.


  • Registered Users, Registered Users 2 Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    lustig2014 wrote: »
    I'm not exactly taking about a golden utopia here. I'm asking for landlords to uphold their moral obligation to provide housing at a fair rate.

    Sorry I just couldn't let this one slide. It is absolutely not the moral obligation of private LL's to provide housing at a fair rate. That's the state's job and why we pay tax, most of us at the higher rate.


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    Sorry I just couldn't let this one slide. It is absolutely not the moral obligation of private LL's to provide housing at a fair rate. That's the state's job and why we pay tax, most of us at the higher rate.

    Thanks for your input


  • Registered Users, Registered Users 2 Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    Once a discussion get's going it's very difficult to stop it - maybe a moderator couls split out the discussion that's got started?


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  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    Once a discussion get's going it's very difficult to stop it - maybe a moderator couls split out the discussion that's got started?

    I'll leave you guys to it, enjoy the discussion


  • Registered Users, Registered Users 2 Posts: 3,633 ✭✭✭Fol20


    lustig2014 wrote: »
    I'm not exactly taking about a golden utopia here. I'm asking for landlords to uphold their moral obligation to provide housing at a fair rate.

    We are not taking about a PS4 or an iphone here, where companies can charge what they want because people have a choice as to whether they want to buy it.

    We are talking about a roof over someones head, a basic human right, and the more we continue on our current path the more people will be forced onto the streets

    That is a golden utopia, your moral compass is different to others and you cant force your views on others as they dont on you. LL dont have a moral obligation and you should stop bringing morality to a simple business decision. Right now there are 120 jobs on the line in northern Ireland wolf and house shipping. If morality was ever involved in this, some companies would offer help and buy out the company sp these people can still have a job to provide for roof and shelter but you dont see anyone bring up morality in this. Why? because its business.


  • Registered Users, Registered Users 2 Posts: 644 ✭✭✭sportsfan90


    lustig2014 wrote: »
    The incentive is you are responsible for improving a family's life. By offering them to chance to own a home, to know that you are responsible for that.

    Tbf that's akin to saying why don't teachers give up their weekends and spend their time unpaid teaching the less well off kids - wouldn't that too be the common good, improve kids lives and futures? While technically the answer is yes it would, it's not realistic and not their responsibility to go that far - they too have their own families to pay for.

    Landlords have to take the good with the bad. You only have to go through this forum to read some of the horror stories about keeping the rent reasonable, then being stung by non-paying renters, have huge refurb bills and their hands are then tied in what they can charge when trying to bring it closer to market value for the next tennant.

    And I'm saying this as a renter myself. I agree with you that there's something wrong with the system when huge rents are being paid but the landlord can still be making a loss. I do hope you get sorted soon, it's not easy out there.


  • Registered Users, Registered Users 2 Posts: 3,633 ✭✭✭Fol20


    lustig2014 wrote: »
    In the midst of the worst housing crisis in the state, with 10,000 people homeless? Yes, it would be nice we could rely on the kindness of strangers once in a while.

    I do not want to own a home in Dublin. I want to pay a fair level of rent. in an area where my family is settled. I do not think that is too much to ask

    Fair rent is subjective, and as others have pointed out, snowflakes(people that think everyone deserves a medal even for coming last) need to grow up in the big bad world and realize that many out there wont provide for you. If you have several people that want to live in an area, how do you decide who lives there and who doesnt. Its simply dictated by whoever has a bigger wallet which in my opinion is "fair"


  • Registered Users, Registered Users 2 Posts: 69 ✭✭lustig2014


    As previously mentioned, could you refrain from giving further opinions on the housing situation as I want to keep this thread clear. I have appreciated the comments so far which have been very informative.

    If you want to continue the discussion, please set up your own housing thread


  • Registered Users, Registered Users 2 Posts: 4,825 ✭✭✭LirW


    Is looking in D17 an option? There are a good few spots that are quiet, granted it's not a fancy area but you'd be close enough. Or anywhere somewhat close to the dart line so you can use the dart to reach Drumcondra.
    Alternatively look along the train line that comes from the North.
    Realistically if you want to stay in the area you either will have to keep paying your crazy rent or move where it's cheaper and move your daughter's school again (I appreciate that she has Asperger's but if you get the right support in board a transfer can be made, I understand if you don't like the thought of it).


  • Registered Users, Registered Users 2 Posts: 574 ✭✭✭ste


    You won’t find anyone renting to just cover the mortgage. The main reason (outside of demand) that rents are high is the tax of rental income. To cover a mortgage you basically need to have the rent set at mortgage + 50% at the very least. There has to be something in it for the landlord as well cause as otherwise it’s just too risky all it takes is one bad tenant.

    I empathise with your situation and am by no means siding with “the landlord” in this case but it’s just not as simple as you make it out to be.

    This is BS. Mortgage + 50% to cover mortgage ... What country do you think this is expectation? Nonsense.

    Prices are sky high simply due to supply/demand & capitalist greed. Rent is running at about twice mortgage cost (on 90% LTV, avg mortgage rate) where I'm living. 4 years ago it was maybe 50% higher. I feel very bad for any new renters today.


  • Registered Users, Registered Users 2 Posts: 89 ✭✭ashes2014


    Im sorry about the situation you are in OP.

    Both of you are working, with your kids in a school thats they like and you are paying alot of money for an apartment which is not really suitable for your families needs.

    No matter what way you look at it, thats an awful lot of rent you have to pay.

    I dont have any solutions (I dont know Dublin that well to suggest alternatives) but you have my sympathy for being stuck in a situation that you really dont have much choice or control over.


  • Registered Users, Registered Users 2 Posts: 1,109 ✭✭✭DubCount


    OP. €2,000+ per month for a 2 bed in Drumcondra is nuts, but there is a long line of prospective tenants prepared to pay it. If there are a lot of comments on this thread about general rental policy, thats because the current set-up is not working for tenants or landlords, and there is lots of frustration. The situation is not going to change as government policy is heading in a particular direction that is not going to change. Most kind-hearted landlords charging below market rent got screwed by RPZ and most have left the market - finding one any more (especially one that doesnt have a sitting tenant) is like trying to win the lotto. Honestly, I think you need to either widen your search area (maybe Dublin 17), or reconsider the entire lifestyle arrangement that requires you to live in such an expensive location. Good Luck


  • Registered Users, Registered Users 2 Posts: 26,584 ✭✭✭✭Creamy Goodness


    ste wrote: »
    This is BS. Mortgage + 50% to cover mortgage ... What country do you think this is expectation? Nonsense.

    Prices are sky high simply due to supply/demand & capitalist greed. Rent is running at about twice mortgage cost (on 90% LTV, avg mortgage rate) where I'm living. 4 years ago it was maybe 50% higher. I feel very bad for any new renters today.
    I made a mistake in that post in my percentages (sorry Im on pretty strong pain meds).

    What I meant was for a landlord that has a mortgage (e.g. €1000 per month) on a rental property then need to charge €2000 to cover the cost of tax. Even then they’re not breaking even. Whilst supply/demand is the main driver factor it’s not the only one.


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