Landlord evictions 1000 in 2nd Quarter due to selling up

Donald Trump

https://www.boards.ie/discussion/comment/119569036#Comment_119569036

Plenty of them on here that don't really appear to be able to cope with some regulations. I'm sure plenty can cope, but those aren't the ones constantly whinging on social media about it.

In what other industry would society be expected to pander to people who can't manage it?

Loads of threads too from tenants with stories of their landlords either doing illegal things or doing basic things incorrectly

Try to comprehend that there can be an in-between between an accidental landlord with no knowledge of how things work and a "big megacorp". If you try hard, you might be able to do it

Flinty997

https://www.boards.ie/discussion/comment/119569012#Comment_119569012

Almost every time they mention housing.

https://www.irishtimes.com/opinion/2022/08/24/sinn-feins-housing-policy-a-step-backwards/#:~:text=In%20particular%2C%20Sinn%20F%C3%A9in%20propose,member%20to%20occupy%20the%20dwelling.

"...Sinn Féin’s housing policy effectively serves notice to quit on private landlords.."

Ubbquittious

https://www.boards.ie/discussion/comment/119569061#Comment_119569061

In other industries they might not crib on social media but instead they do it to politicians at the golf course or on the deck of some yacht and they end up getting what they want.

Donald Trump

https://www.boards.ie/discussion/comment/119569080#Comment_119569080

For housing they don't need to. Sure the politicians are all in the same game

Bit cynical

The underlying issue is the overreliance on owner-occupation as the primary mode of accommodation in Ireland for too long. It works most of the time very well, however sometimes as now, the system fails. Currently interest rates are still extremely low but at the same time lending restrictions are still in place from the time of the financial crisis. This means you have a lot of people now trying to rent in an underdeveloped rental market dominated by small amateur landlords and therefore not fit for purpose.

handlemaster

https://www.boards.ie/discussion/comment/119568858#Comment_119568858

Still no solution coming, only fixated in trying to score imaginary points. Whats the big plan for the housing market 🤔

oceanman

https://www.boards.ie/discussion/comment/119568961#Comment_119568961

plenty in the government it seems...

Flinty997

https://www.boards.ie/discussion/comment/119569216#Comment_119569216

No the issue is too many people and too little housing being built. Especially in social housing. Private Landlords have got nothing to do with either problem.

KevRossi

https://www.boards.ie/discussion/comment/119569080#Comment_119569080

Most landlords in Ireland don't play golf and have never been near a yacht. Conctituency clinics, funerals, football matches, pints in a pub is where they have the ear of their TD's. Senators and Councillors. And that there's so many Oireachtas members with private property, or who aspire to own property or who have mates who own property, has a bigger influence as well.

The bigger landlords and companies with 100+ properties here are the ones to watch when it comes to serious legislation, selling land at discount prices and generally making the taxpayer pay for their profits.

It's a bit of a mess where plenty of it could be sorted with legislation, both reform of existing and introducing new rules. This along with proper reform and control and proper implementation of all rules and regulations would help a lot going forward. Doubtful it will happen.

handlemaster

https://www.boards.ie/discussion/comment/119569468#Comment_119569468

Just ignore comments like that there is no substance to them, she is just trolling.

Housing unfortunately is a political football used by all parties. Rules changing all the time to gain votes. If it were fair there would be more rental properties buith and not just by the zero tax paying foreign registration investment funds.

Bit cynical

https://www.boards.ie/discussion/comment/119569404#Comment_119569404

Yes, not not enough being built is a problem, but that is also a symptom of the historic over-reliance on owner-occupancy as the main means of accommodation. When the financial landscape shifts, as it has done, money from people taking out mortgages is reduced causing fewer units to be built and there isn't the cushion from a healthy rental sector to take up the slack.

Donald Trump

https://www.boards.ie/discussion/comment/119569337#Comment_119569337

I think you are on the wrong thread. This is a thread about landlords selling up. My position was clearly stated as being that most cases are people trying to cash out at the top and that it is no harm to have the ones who cannot cope with regulations flushed out.

Do you regularly apply similar tactics - go to threads and try to create strawmen to score (as you yourself call - perhaps an insight into your own mentality) imaginary points by trying to bring in an irrelevant topic? Because you have nothing of value to contribute to the actual topic?

handlemaster

https://www.boards.ie/discussion/comment/119569975#Comment_119569975

Again nothing substantive. Assumptions not facts. Try focus on the topic and not the post.

Bit cynical

https://www.boards.ie/discussion/comment/119569061#Comment_119569061

"In what other industry would society be expected to pander to people who can't manage it?"

You mean outside of farming?

Donald Trump

https://www.boards.ie/discussion/comment/119570041#Comment_119570041

Come back to me in a few months when the food inflation starts to bite. lol

Donald Trump

https://www.boards.ie/discussion/comment/119570025#Comment_119570025

Blah blah blah. Deflect deflect deflect when you are called out on your guff

Flinty997

https://www.boards.ie/discussion/comment/119569742#Comment_119569742

Historically we built social housing. Imagine the private rental capacity that would be freed up if not taken up by social housing.

If you think we should shift to a model of long term renting instead of buying. How would you attract people to invest in that?

handlemaster

https://www.boards.ie/discussion/comment/119570155#Comment_119570155

Still waiting for the plan. Will review when you have one.

Donald Trump

https://www.boards.ie/discussion/comment/119570564#Comment_119570564

Wrong thread genius. Has been explained to you before.

handlemaster

https://www.boards.ie/discussion/comment/119570389#Comment_119570389

Cost is the issue. Do you think public sector could build houses cheaper than the private sector ? Public sector with zero accountability would ballon over time.

Bit cynical

I think the problem here is not so much small landlords selling up but rather evictions due to small landlords selling up. There should always be a means removing non-paying tenants or tenants that damage properties but perhaps selling as a justification for evicting where the tenant is at no fault should be examined.

In the long run we probably need to start moving away from small landlords as one of the main means of providing accommodation and shift towards collective ownership through funds. You want to invest in property in Ireland, you invest in a fund. You want to stop investing, you sell your shares in the fund. No one gets evicted. No families out on the street.

Grumpypants

It comes as no surprise that thousands are fleeing the market. It's just confirming what we have been saying for years.

But everyone thought it was great. Get landlords out and more people can live in a house. Except you know for the people that need to rent.

If it was sustainable then landlords would stay. But it's not so they are taking advantage of one of the only positives to happen in the last 15 years to exit with their sanity.

Landlords welcome good legislation that protects the market. But no other industry has to put up with what landlords have to.

Bord Gais announced a 5th price increase, 3 last year and 2 this year. Why is there no gas pressure zone? where they are only allowed to raise prices once a year by 4%? And if people stop paying they are banned from cutting them off for 2 years and are forced to continue to supply free gas to them.

Flinty997

Terminating leases is only a problem because there is nothing to move to.

That's a supply issue.

If you want to move to lifetime leases you'd have to have the protections for all parties that they have in other jurisdictions. But no wants to do that. For example 3 months or longer deposits.

Bit cynical

https://www.boards.ie/discussion/comment/119570871#Comment_119570871

Even in times of reasonable supply, evicting for the purposes of selling still causes disruption as tenants are forced to relocate. Extra supply is not, in itself, the full solution. But yes, increasing supply is part of the solution.

Flinty997

You need a supply of permanent rentals. You need a supply of investors interested in that business. Not trap people in a business they want to leave. Indeed the market seems to doing the exact opposite of what you want it to do.

Bit cynical

https://www.boards.ie/discussion/comment/119570986#Comment_119570986

However they would not be trapped. They would be free to sell to other landlords. The idea would be that selling a property, in itself, would not be sufficient justification for eviction.

Grumpypants

Likely the budget will do some tax relief but you can't sell for 5 or so years to try stem the flow.

Can't see it making much of a dent.

Flinty997

https://www.boards.ie/discussion/comment/119571153#Comment_119571153

It is a trap. There's a financial hit for that, and you're expecting existing LL's to pick up the tab. Best they get out now and buy back in when it makes financial sense.

In the meanwhile you can start over with whomever you entice into this with a new lease. Rather than retroactively change the T&C of existing leases.

Flinty997

https://www.boards.ie/discussion/comment/119571178#Comment_119571178

Maybe they might consider why there's a flow and fix that problem.

Akrasia

Our towns and cities need higher density housing in the centre so that people can rent properly designed apartments close to public transport.

Landlords buying houses and renting them room by room or subdividing them into bedsits is sub optimal for the end user and the planning authorities

Young single people want reasonably priced accomodation close to the city centre

Families and those starting families want houses with space to grow into close to schools and amenities for children and families

Putting young single professionals into the suburbs where they have to drive to work because there's no public transport suits nobody