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Varadkar hits the right note for Landlords

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Comments

  • Registered Users Posts: 26,340 ✭✭✭✭ Dempo1


    I can predict we're this will go.

    Leo Talking common Sense is a rare thing, he does make a fair point as there are clearly two sides to the rental crisis coin but the "common sense" comment is not going to actually achieve anything sensible. More a sound bite and utterly meaningless.

    Intriguing the added comment about the SF party, it would seem not a single thing, Leo says or does can not have a slight thrown in about SF thrown into the mix.

    I listened to the late Debate last night and my god, it is very clear where this Housing for all plan is going, clearly not much common sense put into its drafting and indeed by all accounts its implementation. The FG representative (Limerick City) was savaged and wasn't talking any sense at all.

    Common Sense not at all evident it would seem.

    Is maith an scáthán súil charad.




  • Registered Users Posts: 544 ✭✭✭ agoodpunt


    Its to late an accountant friend does work for LLs says there is a mass exodus ATM Tax regs and pending changes to happen in the next goverment.

    Good for those who can buy or want or free right to housing mongrels but the working poor will pay dearly for accommodation if they can find



  • Registered Users Posts: 5,890 ✭✭✭ handlemaster


    Is it ? Why aren't the government providing it , or the one before this one or the one before ? There is not interest from the public to mass fund large social building projects by additionally burdening tax payers. Sure we have the sound bites from opposition parties like yours but actually funding it is a different issue.



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  • Registered Users Posts: 1,181 ✭✭✭ nullObjects


    Bunch of small portfolio landlords are already leaving the market due to the punitive changes in the way their income is taxed

    When these properties disappear it's not gonna help with the supply issues people keep talking about



  • Posts: 0 [Deleted User]


    I am not a landlord and I very rarely agree with Varadker . I do however agree with Leo 100 percent here.



  • Registered Users Posts: 5,890 ✭✭✭ handlemaster


    Why would that be ? The majority of the people own their own property so I don't see what your issue is.



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  • Registered Users Posts: 5,259 ✭✭✭ Flinty997



    There are housing payments. So there's that sorted so?



  • Registered Users Posts: 14,606 ✭✭✭✭ Donald Trump


    A rental cap is a direct intervention in the market. If his reason against direct intervention is that it would negatively affect the income of a certain selection of society, i.e. it would distort the market, then that same reason holds for indirect intervention.

    That would mean no more government schemes or reliefs for any developer/investor and also no more intervention in the housing market by the State. So no subsidised rents, no payment of rent to private landlords for social housing, and also no purchasing or building of social housing. If you want to take it to the full extreme, it would also mean removing standards and protections.

    I personally think that the government should indeed be intervening directly in the market by encouraging and promoting development and by penalising those who hinder it.

    I would, however, be against the concept of market caps, but for a different reason. That being that they could only ever be a short term relief. If you have a market cap, then the only way to increase profit is to decrease costs. A landlord would have no natural incentive to ever upgrade or improve a property for a tenant.



  • Registered Users Posts: 14,606 ✭✭✭✭ Donald Trump



    Small landlords are, in general, merely rent seekers (the economic meaning of the term).



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  • Registered Users Posts: 260 ✭✭ Jmc25


    Varadkar is playing up to a portion of FG's base, the same way we would expect Mary Lou to say there should be an indefinite rent freeze which would appeal SF's base.

    The fact that he's not going further (eg suggesting removing RPZs) suggests he reckons the current deal is as good as would be politically possible to achieve for landlords in the circumstances.



  • Registered Users Posts: 5,368 ✭✭✭ JimmyVik


    They are surely removing housing from the market (rentals that is. Obviously people are buying the ex-rentals).



  • Registered Users Posts: 5,259 ✭✭✭ Flinty997


    Who can you rent from if there are no landlords.

    Landlords supply rental properties to the private market. Govt should supply social housing, and affordable housing.



  • Registered Users Posts: 14,606 ✭✭✭✭ Donald Trump



    I already have a house. But I'm interested in investing some money.

    You need a house because you have nowhere to live and don't own one.

    There is one house for sale. Just us two bidding. I outbid you and proceed to rent the house to you.

    Aren't you the lucky person in that scenario that you have me to rent it from? Because if I hadn't bought it out from under you, you wouldn't be able to rent it from me 🤔



  • Registered Users Posts: 5,993 ✭✭✭ growleaves


    Right well look at what Leo is saying in response to a three year tent freeze: it's someone's income.

    Would a normal person be unable to go without a pay raise for three years - after massive pay raises in previous years which outpace inflation?

    Lessen the tax burden for small landlords, and make it possible to evict troublesome/non-paying tenants if you're worried about their livelihoods.

    I am a bot, and this action was performed automatically.



  • Registered Users Posts: 260 ✭✭ Jmc25


    There would be no option to rent privately if there were no landlords and that would create problems of its own.

    It doesn't change the fact that individual small private landlords, in general, don't add to the overall housing supply.



  • Registered Users Posts: 5,993 ✭✭✭ growleaves


    Right but the SF policy is ALSO going to keep rents high. A rent freeze will not lower rents, will it? It will keep rents where they are - high.

    Are landlords actually looking for a policy which will keep rents continually bouncing proportionally higher than wages and inflation generally?

    (edit)

    I am a bot, and this action was performed automatically.



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  • Registered Users Posts: 5,993 ✭✭✭ growleaves


    Fair enough. I'm not an LL, I rent.

    They seem to use the excuse of having to pay tax to continually raise rents.

    I am a bot, and this action was performed automatically.



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