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Why do Landlords feel entitled to rent increases?

  • 06-11-2021 9:41pm
    #1
    Registered Users Posts: 240 ✭✭ jo187


    Been reading a lot here and in the media in general. Landlords see no problem raising the rents on people. I'm a renter and my rent went up a few months ago. I try explaining how tough things are at the moment and told tough, your both working, deal with it.

    We heard Leo crying about protecting landlord incomes. So why are Landlords allowed to give themselves a raise? We hear about market rates?

    Well sadly I can't increase wages every year to meet the rent and cost of living expenses.

    I know one person who has a nice landlord and they only pay only 60 per cent of the rate in Dublin city centre. His still making a profit. Only one I've heard of.

    It would lead you to believe that's just a case of greed. But you listen to the Landlords on hear you swear they were a charity.

    I just wonder how they sleep at night choking the average working person you keeps the country running, knowing full well you have the support of the government.

    If any Landlords think they have it tough gladly trade places with ya.



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Comments

  • Registered Users Posts: 1,370 ✭✭✭ Markus Antonius


    It's not because they have it tough it's because they know we are in the middle of a housing crisis so need to capitilise on it as much as they can before the next downturn/emigration crisis. Also cash reducing in value by 5%+

    No different to the housing for purchase or second-hand car market, - they will set the price at whatever people are willing to pay

    What we should be more angry about is that our salaries aren't increasing accordingly



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  • Registered Users Posts: 240 ✭✭ jo187


    I hear a lot about supply and demand, market value etc. Does it work the other way? Say there is a crash and market vaule goes down, am I entitled to my rent to go down?



  • Registered Users Posts: 225 ✭✭ Rustyman101


    Yeah I'd imagine supply/ choice goes up rent goes down ! If not you have choice to move ? Seems more interference in market by government worse things get for all ? Would not like to be a tenant or a LL these days.



  • Registered Users Posts: 124 ✭✭ Thestart


    When the crash comes hopefully the government put in a reverse rent cap to slow the drop in rents to protect the landlords who are now being attacked by the free market.



  • Registered Users Posts: 73,722 ✭✭✭✭ Atlantic Dawn


    It's an investment, everything else is going up in price which feeds in to their expenses so they need to raise the rent or fall behind.



  • Registered Users Posts: 240 ✭✭ jo187


    Yeah that seems to be the thing the choice to move.

    I meant if the apartment in my area went down in cost, could I file a letter to the RTB and give notice for my rent to be reduced?

    As far as I know it's not an option. But my Landlord can bring up the prices of places near by, that are bigger then my place, as a reason to increase my rent.

    Seems like it doesn't work both ways.



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  • Registered Users Posts: 21,870 ✭✭✭✭ endacl


    Not entitled, but it may do.



  • Registered Users Posts: 225 ✭✭ Rustyman101


    Supply is the issue and all these laws and restrictions will for the short-term anyways lead to reduced supply as you would want to be v brave to enter the BTL market now.

    I assume when supply comes on stream 3 to 5 year's? Prices will fall as people will have a choice pay the asking price or move.

    unfortunately that choice isn't there now and the government aren't helping changing the rules every week, my opinion for what it's worth, also next government SF/ ...... are any unknown quantity re market.



  • Registered Users Posts: 864 ✭✭✭ reubenreuben


    Shop around, its mostly the irish ones that are the most expensive.



  • Registered Users Posts: 37 PSFarrell


    Back in 2010 I remember talking a letting agent from €1500 to €1300 for a 3 bed apartment. Letting agent told me the landlord had been getting €1800 in 2007. These things can work both ways.



  • Registered Users Posts: 15,181 ✭✭✭✭ Donald Trump


    Mortgage rates are due to non-paying homeowners. Not non-paying tenants. Tenants aren't responsible for paying the mortgage



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  • Registered Users Posts: 26,170 ✭✭✭✭ Wanderer78


    our approach to housing and accommodation is an absolute train wreck, this is now the case for most renters and an increasing number of landlords. we ve codded ourselves into thinking absolute nonsense ideas and ideologies such as supply and demand etc etc, is how the world works, including in relation to our property needs, and now these ideas and ideologies are starting to fail for nearly everyone.

    landlords have been encouraged into the market, but due to these critical failures, their chosen profession is becoming more and more precarious, hence the exodus, renters are obvious on the sh1t end of stick also, theres not much none sh1tty ends in this game

    funnily enough, globally, you ll actually find, the more state interaction a country has in its property markets, the more stable those markets are, Singapore etc, we ve allowed ourselves to fall foul to this free market nonsense, now everyone is getting screwed, so, go us!



  • Registered Users Posts: 26,170 ✭✭✭✭ Wanderer78


    we continually keep electing governments whos main ideologies are based in continuously promoting a primarily fire sector lead economy, so yes, it is state manipulation, but its ultimately driven by these sectors....



  • Registered Users Posts: 14,267 ✭✭✭✭ Bass Reeves


    He is on about the removal of bedsits in the early noughties. The rules changed you could not have a single room flat, cooking and bedrooms had to be separate.

    In larger cities and towns there was a lot of larger town houses. LL let these as single rooms with a bed and a small kitchenette in them. A lot were let to order single people.

    At the same time fire regulations changed which took out a lot of flats over commercial premises. These units went out if the market and were never replace. Any that did stay were converted to multi- occupancy units maybe on one floor and the rentals charged doubled per occupant.

    Slava Ukrainii



  • Registered Users Posts: 18,051 ✭✭✭✭ Del2005


    We've never let "supply and demand" work. We've either provided unneeded tax breaks to encourage supply in the noughties boom or introduced rent controls in the last few years to drive down supply. Then we provide tax incentives for big "professional" landlords to come in , after we've driven out the amateur landlords, who are buying up supply and leaving units empty because of interference in the market by goverment.

    You can't compare a democratic country with an tiny city state ruled by a single party. Look at the problems nearly every other functioning country is having with property and they are all the same.



  • Registered Users Posts: 6,145 ✭✭✭ Flinty997



    Devils advocate. Flip it on its head. Why are you entitled to low rents in private rental property.

    What decides the salary you are. Why should that be low or high?



  • Registered Users Posts: 848 ✭✭✭ paulieeye


    it most definitely works both ways. From 2010 on I got 3 rent reductions in a row by asking the landlord. Not getting you about contacting the RTB, this is a contract between you and the landlord. If the market was in such a way that there were loads of options available, you would just request the reduction from the LL. If they say no you move out and get a cheaper place. They would probably agree to the reduction as they dont want to go through the hassle of finding another tenant for the lesser rent anyway!

    Its the same the other way around, the landlord is raising the rent because in the current market there are not a high number of places available and so you more or less have to accept the increase if the new rent is in line with the market or you'll be finding a new place for the higher rent anyway



  • Registered Users Posts: 26,170 ✭✭✭✭ Wanderer78


    we have to walk away from all of this textbook economic crap, fundamental beliefs of this thinking, such as supply and demand simply doesnt work in this case, its not how the real world works, what you have just described is exactly what occurs when you allow major sectors such as the fire sectors to control your economy, i.e. credit fueled booms, and credit fueled busts, which in turn causes highly reactive policies such as you described.

    yes, we ve all followed each other down this fire sector cul de sac, we have to move back towards more state interactions with these critical sectors, and not allow them to dominate and dictate our economies, as we have now....



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  • Registered Users Posts: 15,181 ✭✭✭✭ Donald Trump


    I was referring to the sentence:

    if you cannot get rid of non paying tennant/homeowner it pushes up costs for everyone.


    I am aware of the rules outlawing bedsits etc. If those were still allowed then there would be more accommodation available. But you could say the same about 10-to-a-room tenements.



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