Irish Property Market chat II - *read mod note post #1 before posting*

Villa05

https://www.boards.ie/discussion/comment/120494700#Comment_120494700

Well the tenant being a medical professional appears to check out.

Anyone switching current account manually from UB or Kbc in the last few months will understand that it's an incredibly tedious process and prone to error. The landlord appears to admit to changing accounts.

The landlord does not appear to be the sharpest tool in the box if you pardon the pun.

Not familiar with legal advise, but tenant story does appear plausible, while common sense would tell you to have very little to do with such a landlord.

Several criminal offences on video here, how this can be described as a civil matter is puzzling?

BlueSkyDreams

https://www.boards.ie/discussion/comment/120494523#Comment_120494523

Indeed. Tax cuts would be another option.

I dont think introducing a weighting salary is the only option.

I guess the advantage of weighting is that it targets the areas where cost of living is highest.

As mentioned earlier, a teacher on 45k in Mayo doesnt have the same living costs as a teacher on the same salary in South Dublin.

You could argue reasonably that the 45k teacher in Mayo doesnt need extra money, since their rent and essential costs are affordable.

But if all the teachers in South Dublin are paying triple the rent vs all the Mayo teachers & as a result the South Dublin teachers are mostly leaving the profession, we would need to do something to support them to stay in their roles.

Salary Weighting is an obvious option.

I do agree with you that the govt need to build more houses and more houses in South Dublin would pull those rents down and perhaps the Weighting wouldnt be needed anymore.

timmyntc

https://www.boards.ie/discussion/comment/120494892#Comment_120494892

If the state start paying top up salaries to Dublin based workers then they are inflating Dublin property/rent prices directly, and the Dublin salary differential will have to keep increasing over time ad infinitum.

BlueSkyDreams

https://www.boards.ie/discussion/comment/120494965#Comment_120494965

There is some inflationary pressure, sure. But leaving things as they are isnt an option.

The key solution is obviously building more stock, but I would like to see affordable homes schemes introduced, to buy and to rent, that are aimed at key workers.

Apartment Complex A has a significant percentage of homes that are state owned and are available as cost rental or on help to buy/shared equity scheme, but you dont qualify by being on the dole or being on a low salary, you qualify only through being a key worker.

Nurse, Teacher, Refuse collector, etc.

Another approach not linked to Salary Weighting, but it does require the Govt to build and invest, and not just to invest in the usual suspects - the no and the low paid.

SwimClub

https://www.boards.ie/discussion/comment/120494780#Comment_120494780

My question would be whether Thomas engineered the unpaid rent situation by closing his bank account because he needed to sell the place.

He raised the circular saw up after the tenant made a sudden movement toward him in response to being told to go to hell, you see the tenants right arm (or something) flash into shot at that point, Thomas then swings the saw toward him in what looks to me like a warning to get back and threatens him.

Definitely end of his tether stuff, I wonder if the old guy knew that the supposedly legal 6 months notice would work would things have ended up as they did or is it all the media attention over the eviction ban that made him think he would never get his place back without trying to evict them himself. He might desperately need the money which drove him over the edge.

LambshankRedemption

https://www.boards.ie/discussion/comment/120494780#Comment_120494780

The surgeon was on the news last night. He had continued to pay the rent into the bank account but the landlord had changed his bank and forgot to tell the tenant.

https://www.boards.ie/discussion/comment/120495016#Comment_120495016

Yes it is an option to leave payments as they are, eventually prices will fall and supply will improve. Weighting will not be something the Government will be able to row back on once it is introduced and it will just sow division between those who get it, and those who don’t but feel they deserve to. Everyone knows, and understands why there is a difference in costs between rural areas and Dublin, if you choose to live in Dublin, then you accept that difference.

LambshankRedemption

https://www.boards.ie/discussion/comment/120493697#Comment_120493697

Lack of construction workers is not the problem. Lack of money is not the problem. Bureacracy and NIMBY-ism are.

DownByTheGarden

https://www.boards.ie/discussion/comment/120495156#Comment_120495156

All of those are part of the problem, among other things. There is no one problem here.

BlueSkyDreams

https://www.boards.ie/discussion/comment/120495078#Comment_120495078

We dont have a choice as to whether or not teachers come into work. If they dont come in then the children dont get taught.

Im not sure rural ireland would want all the Dublin teachers living in their backyards and spending every day commuting to a school in the city, renting and buying up cheaper housing while they are at it, which removes housing stock for locals in rural ireland.

prices wont fall without a real & significant increase in new builds, as supply is just far too weak vs demand and that wont change for years, particularly in the Dublin area.

So we do need to do something in the shorter term to manage the accommodation issue, especially for key workers on low to mid salaries.

As per my last post, we may leave the salary weighting option alone but instead provide targeted affordable and shared equity homes for key workers.

The govt could really help in that regard by injecting cash into delivery of these units and reserving the majority of them for key workers.

Villa05

Current housing policy is about enriching/protecting the already wealthy, There is no room here for providing accomodation for key workers (Which can be done in a revenue positive manner for the taxpayer)

These Fine Gael pushed schemes wil cost us all.

The most expensive social housing ever will mean less of it for the growing population that need it

Driving up prices will hurt those that need to finance their own through buying or renting

The contracts are inflation linked so the state is trapped for 25 years as the cycle begins it's upturn.

Homeowners will have to pay higher taxes to fund the madness, this on top of the massive national debt

https://www.independent.ie/business/investment-giant-buys-apartment-blocks-in-dublins-blackrock-to-rent-to-council-42439657.html

herbalplants

https://www.boards.ie/discussion/comment/120494780#Comment_120494780

Absolutely... That fellow was a chancer... He didn't pay his rent for 8 months... Then he said he kept it an account for the landlord... He probably thought he landed in the land of opportunities with free rent. Landlord shouldn't have losted like he did but perhaps he was riddled with mortgage debt on behalf of a "surgeon"... What surgeon acts like that!!

Galwayhurl

I'm astounded at how little stock is coming on stream.

Usually it has started accelerating by now after the usual winter lull. But there are feck all lisitngs still and we're almost in May. Doesn't make sense.

herbalplants

https://www.boards.ie/discussion/comment/120495405#Comment_120495405

https://www.irishtimes.com/ireland/housing-planning/2023/04/19/three-quarters-of-eviction-notices-for-renovations-invalid-threshold-says/

Big percentage of notices for both renovations or selling were deemed invalid.

Perhaps this is why not much is coming on the market. We are in froze mode.

ingo1984

https://www.boards.ie/discussion/comment/120495326#Comment_120495326

Mind boggling stuff. Assuming a rental cost of 2k per month that the council will pay (it's probably more than that) over the course of the 25 year lease, the council will pay more in rent than it would cost to buy all the apartments outright. Also at the end of the lease they won't have an asset in owning the apartments. I wonder who in the council is getting the backhander from the investment company.

Timing belt

https://www.boards.ie/discussion/comment/120495221#Comment_120495221

So they should be allowed jump the housing list? Is that what you are proposing…make them no1 priority even if partner holds a top paying job or a millionaire. They are far from the only cohort that is impacted by the housing crisis.

herbalplants

Other companies used the same formula on redundancies. Not sure why they thought they were special and should get better package

https://www.businesspost.ie/article/indeed-staff-at-risk-of-redundancy-angered-at-terms-of-severance-packages/

https://www.boards.ie/discussion/comment/120495483#Comment_120495483

Deemed invalid by Threshold, not by the RTB. Threshold are not known for their impartiality, nor is their advice beyond question. Remember, their advice in some cases to tenants has reported to be, overhold, how is that deemed?

Villa05

https://www.boards.ie/discussion/comment/120495489#Comment_120495489

The children's hospital is regularly cited by a poster here as a huge overspend. The way things are going and spending is, it may prove to be the best value for money spending by FG.

https://www.boards.ie/discussion/comment/120495717#Comment_120495717

Whether it proves value for money in the long term is irrelevant to the fact that it is one BILLION euro over budget.

AlmightyCushion

https://www.boards.ie/discussion/comment/120495489#Comment_120495489

I think it is more short term thinking instead of a back hander. Council has a limited budget. If they buy out right they might be only able to buy x amount. By leasing, they can get 15 or 20 times that amount. Sure, in 25 years they are back to square one but that will be someone else's problem. The government should block them from doing it as it is a terrible waste of money.

SwimClub

https://www.boards.ie/discussion/comment/120495660#Comment_120495660

This is the point, in principle if a landlord gives notice for any of the valid reasons it is impossible to determine if that is invalid in advance, for example for their own or family use, they move in later....renovations, are done later...selling, is done later. The property owner has a right to make their own decisions on timing of all of those things, to put the burden of proof on them in advance as default is just wrong or might be setting an impossible hurdle. It is their property, the burden of proof should be on any challenge to them exercising their property rights. The stuff around typos and sending to RTB on the same day etc. is even worse.

BlueSkyDreams

https://www.boards.ie/discussion/comment/120495505#Comment_120495505

I would say key workers should be prioristied for social housing, yes.

Over and above people that dont work for a living or are on the prioritised list just because they are a single parent etc.

All people need to be housed, but priority of social govt funded housing should go to those providing social services to the rest of us.

Tis only fair.

fliball123

https://www.boards.ie/discussion/comment/120495796#Comment_120495796

Neither should be prioritized IMO the gov should build a sh1t load of these modular houses around the country and put all of our welfare renters and Refugees in them and the properties they are in should be put on to the market which would seriously increase supply in a very short time frame if the political will was there to do it. The public service workers are already paid a 20% premium you can look this up on the CSO website, they should be getting no more on that ground and public sector workers outside the big cities should see a pay decrease and with the savings all workers get a reduction in paying income tax that is fair for all tax payers not just the ones you cherry pick.

rob316

https://www.boards.ie/discussion/comment/120495964#Comment_120495964

A pay cut for PS workers outside of the big cities 😂

BlueSkyDreams

https://www.boards.ie/discussion/comment/120495964#Comment_120495964

So a public sector teacher gets 20% more than a private teacher?

If thats not your comparison then it isnt like for like and is irrelevant.

The public sector workers outside of Dublin should all get a pay cut, but they should also get an income tax decrease?

And everyone else in the land also gets an income tax decrease?

How does that balance the govts books?

fliball123

https://www.boards.ie/discussion/comment/120496032#Comment_120496032

Nope on average public sector (ye know the ones you are cherry picking) pay is 20% more than those of us working in the private sector (ye know the sector that pays the bills)

So those public sector workers working in Dublin/big cities will see a rise in take home wage due to the cut in income tax those working outside Dublin/big cities will see no difference in their take home pay. We are running a huge budget surplus at the moment due to our overly high and way to progressive income tax regime and corpo tax with the rest of the cash build modular homes to get cheaper and quicker housing supply on stream and transfer those on welfare and who are refugees in to these and put all other housing that these 2 groups would of been in on the market where the county councils will not be buying as their need will be quelled via the modular homes and REITS should not be allowed purchase anymore housing in the country.

fliball123

https://www.boards.ie/discussion/comment/120496021#Comment_120496021

Its a better suggestion than paying PS workers more who work in big cities - more money more inflation and more spending power to push prices in big cities up even further, thanks but no thanks

L1011

People have already been told to stop going on about public sector salaries.

Beigepaint

Some really crazy and bizarre posts...

One poster saying there's no such thing as an essential worker.

ie. A firefighter/paramedic/nurse/doctor/minister/taoiseach adds the same value to society as a teenager who pulls pints on Saturdays.

Another poster saying that it is acceptable for a landlord to move towards a tenant with a running circular saw as he was at the end of his tether. Presumably the same poster believes its ok for a husband to beat his wife if he's at the end of his tether. (It's not, in either case, by the way. One is illegal and the other is illegal.)