Winter 21/22 Eviction Ban (was: And just like that, FFFG lose 298000 votes))

dontmindme

https://www.boards.ie/discussion/comment/120039981#Comment_120039981

How is a LL to get out of the game if they've a sitting tenant and an eviction ban in effect?

DownByTheGarden

https://www.boards.ie/discussion/comment/120103386#Comment_120103386

The million dollar question. Luckily my tenants left just before the current eviction ban so im out. But if I was still in I would get my notice in now. And if there is ever another window to terminate then take it because it will almost certainly be your last chance.

SwimClub

https://www.boards.ie/discussion/comment/120103386#Comment_120103386

Serve notice as soon as possible dated whenever is legal under the current legislation and wait for a break in the ban.

Hope the tenants move of their own accord - a lot of ex-rentals are on the market, proportion of current tenants might buy those freeing up their old places.

I wouldn't panic, but my point is that the long term impact of this on attracting investment in the rental market in Ireland is grim.

And the short term impact is also going to be grim.

Donald Trump

A lot of people trying to flee due to the new tax credit I'd say. Left it too late before the temporary moratorium came in. That said, nothing stopping them selling with tenants in-situ

ingo1984

Hotels not extending the stays of asylum seekers will also influence an extension on the eviction ban. Anything to prevent continued exodus of private landlords.

Donald Trump

https://www.boards.ie/discussion/comment/120103647#Comment_120103647

The moratorium is a moratorium on evictions. It is not a ban on selling.

The State has already done more than its fair share in propping up the market and subsidising private landlords. They'd need to remove all those subsidies before landlords would have any justification for the common victim complex

DownByTheGarden

Thats the end of the thread now I guess.

Pity, it was interesting.

timmyntc

https://www.boards.ie/discussion/comment/120103685#Comment_120103685

Selling with tenants in situ significantly impacts who will buy, and the price they are willing to pay.

No potential owner-occupier will buy a house with tenants in situ - for starters no bank would lend to them!

The eviction ban prevents asset owners from being able to liquidise their asset. In few other asset classes is such a restriction ever imposed.

Donald Trump

https://www.boards.ie/discussion/comment/120103923#Comment_120103923

That is irrelevant to the point. It is a case of "I won't get as much money for it as I want" rather than "I am legally prevented from selling it"

Nobody is banned from selling their house. Claims that it does are either hysterics and dramatics, or a fundamental misunderstanding of what it is

To your other point, that people were unilaterally allowed to break leases to evict and sell as a right is an anomaly. You are not allowed to do it in commercial leasing for example

housetypeb

https://www.boards.ie/discussion/comment/120103685#Comment_120103685

What subsidies are there for small time landlords again? And how does the state prop up private landlords? +

https://www.boards.ie/discussion/comment/120103629#Comment_120103629

Wild speculation, landlords were selling up in droves prior to the announcement of the tax credit.

A poor attempt to imply that landlords selling up were not tax compliant.

SwimClub

Small landlords are selling up but that isn't the only issue with this if REITS start getting redemptions and can't sell for example.

Even the fact this is happening regardless of whether redemptions are prevented or not right now will give future investors pause.

Bass Reeves

https://www.boards.ie/discussion/comment/120103453#Comment_120103453

There is another few options as well. Where there is a group of tenants and a single tenant leaves refuse to allow in replacement.

This increases rent cost to rest of tenants and encourages them to leave. When ever a property becomes vacant consider whether you will rent it again.

The eviction ban is actually a double edged sword it encourages sale or the leaving vacant when tenants leave

Donald Trump

https://www.boards.ie/discussion/comment/120104262#Comment_120104262

There have been loads of them. I'm not going to waste time walking yet another person through it again. It's fairly basic. Any money flowing into a market increases prices. Those higher prices find their way into someone's pockets. Start there and you might be able to join the dots

Donald Trump

https://www.boards.ie/discussion/comment/120105189#Comment_120105189

Again, there is nothing which prevents them from selling. They might not get as much money as they want, but they can sell.

Commercial actors would actually have no issue with selling. If the market tanked, they will cut their losses and move on. Whereas the amateur might hold on because they think "my property was worth 400k last year. I don't want to sell it for 390k now. I'll wait for it to go back up"

housetypeb

https://www.boards.ie/discussion/comment/120105795#Comment_120105795

I joined the dots a long time ago. Was just trying to confirm if you knew what you were talking about or just waffling for the sake of it.

Donald Trump

https://www.boards.ie/discussion/comment/120105913#Comment_120105913

Well I am glad you now agree about landlords being subsidised. We made progress today. 😀

Murph85

When they have more rights than you do on your own property and the government take fifty percent tax. What do they expect but this outcome?

housetypeb

Typical one eyed reply from you. Keep beating that bitter drum of yours.

housetypeb

https://www.boards.ie/discussion/comment/120106050#Comment_120106050

Replying to the prolific Trumpian know it all. Not you Murph85.

Donald Trump

https://www.boards.ie/discussion/comment/120106050#Comment_120106050

No need for the attempted gaslighting. It won't work. Am simply explaining facts to the perennial whingers and moaners. If you are able to manage, then fair play and work away. If you aren't able to manage, then maybe consider doing something else. Society isn't obligated to provide you with an easy ride. Rules are put in place to try to make things a bit fairer for everyone.

housetypeb

https://www.boards.ie/discussion/comment/120106064#Comment_120106064

Advice you seem to ignore when it comes to yourself. Don't forget to include a sly dig when replying.

Donald Trump

https://www.boards.ie/discussion/comment/120106069#Comment_120106069

I had no communication with you. I made a general point about the State pumping money into the sector and subsidizing it. It is up to you if you want to take something personally or assume everything is about you and jump in out of nowhere. I cannot control that. I can only respond to someone if they do that.

Donald Trump

. .

dennis72

https://www.boards.ie/discussion/comment/120106093#Comment_120106093

Great Post DT has more sense than anything you said in the past

The Spider

https://www.boards.ie/discussion/comment/120103937#Comment_120103937

Undue hardship clause Donald, and if this is extended it’s going to court and the government know it

Donald Trump

https://www.boards.ie/discussion/comment/120106789#Comment_120106789

Feel free to bring a case to Court challenging the ban on you selling your property. The Court won't be long telling you that no such ban exists. But by all means spend your money to have a judge tell you if you want.

Donald Trump

https://www.boards.ie/discussion/comment/120106306#Comment_120106306

Well all your own post tells me is that you read and remember my posts. Thanks

The Spider

https://www.boards.ie/discussion/comment/120106874#Comment_120106874

Ha, won’t be me but wait and see, it’s already been discussed numerous times across the board that the only reason theeviction ban, sorry moratorium had any chance was because it was time limited any longer and it’s definitely into unconstitutional territory, and even as is, it’s in a very grey area, reason nothing has been brought against it is the duration, by the time anything happened the ban would be finished, sorry again moaratorium🤣. Plenty of big landlords out there REITs included who have the funds to follow through on this as it’ll directly impact their business.

Now g’wan Donald explain again how it’s not a ban on selling, because you can sell it to just 5 people as opposed to the market, gwan tell us all again, good fella!

Donald Trump

https://www.boards.ie/discussion/comment/120107135#Comment_120107135

You should take some time to try to understand it. You are waffling on about taking a constitutional challenge against the temporary eviction moratorium. You have conflated that with proof of there being a ban on selling. It is not a ban on selling. They are two different things.

It is quite simple really. So I can't tell whether you are just trolling or actually genuinely unable to understand it.

FYI, in the commercial world (you guys keep going on about it being a business - right? ), by defraut a tenant can have the right to renew a lease even against the wishes of the owner. That has long been the case. And you cannot "evict" a tenant in order to sell the property. Even though you might get more with vacant possession. Although it can also be the case that having a good tenant in place might be seen to be an asset. A professional investor setup would be happy to have a good tenant in-situ.