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More Rent Legislation Coming

  • 13-10-2021 10:45am
    Registered Users Posts: 874 ✭✭✭ DubCount

    I just noticed some media coverage of some statements from the Minister for Housing. Further changes to rent caps to deal with recent increases in inflation and tenancies of indefinite duration on the way within weeks.

    More legislation to favour tenants, more incentive for landlords to leave the market, higher rents with less rental supply - the spiral continues.......


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

    Might as well get rid of the rest of the private landlords. Sure they are nearly there. one final push should do it.

    I just dont understand why they havent copped on that its just this that has destroyed the property market and left so many unable to afford rent.

    Also people who dont want to get stuck renting are pushing up the price of property to buy. Along with councils who are also bidding against them to house people who cant afford rent anymore too.

    And if we go all the way back to when Coveny started this sh!t show, so many people told him to look at places where rent controls were brought in to see what would happen. It was blindingly obvious.

  • Registered Users Posts: 1,604 ✭✭✭ Amadan Dubh

    JimmyVik I think they have copped it and we only need to follow the money to see how it is no accident that we are where we are. Where do we follow the money to? Institutional investors and landlords with county councils as head tenants on 20/25 year leases at 85%+ current market rents guaranteed - a lot of advocates for these leases are housing charities with institutional investor representatives sitting on their boards. It is a manufactured situation with good quality tax revenue being funnelled to the very top of the market into foreign coffers with little to no benefit to the State, at worst, and extremely poor value to the State at best.

    A rent freeze and eviction ban extension is coming but FG and FF will gaslight the population and claim that this was brought in to appease the opposition but that "Hey, if we could just get on with the job, we could fix the problem" - total BS. Linking rent increases to inflation back in the summer was so obviously a compromise to institutional investors who would have protested against rent freezes but they, like anyone who reads any sort of economic news, could see that we would have a rise in inflation once the economy opened up again meaning that there is scope for at least a couple of percent rent increases at the next opportunity. It was so glaring at the time that inflation would come back this year for the first time in years, right when the government decides to link rent increases to inflation, that I would be extremely confident this policy was brought in to appease vested interests as opposed to benefitting the market as a whole.

    The kicker is with the gaslighting of the public on this issue; claiming that SF have an uncosted set of housing policies that would require a magic money tree to fulfill and that SF would attack landlords have both been shown up as being hypocritical deflections as FG and FF call upon a magic money tree to pay €1bn alone in HAP per annum and have pushed thousands of small landlords out of the market in recent years.