BattleCorp wrote: » You are not in the real world at all. Do you seriously expect landlords to keep rents very low and not attempt to try cover their costs because the value of their building is slowly rising? Sure why don't Tesco sell below cost too. Sure their building is increasing in value eh.
salonfire wrote: » Something wrong with private companies is there? How is the supply of your food and fuel, provided by private companies, working out for you? Any shortages of either recently?
LirW wrote: » Don't get me wrong, I don't know the area of said development in Kiltipper but I've briefly read up about it a few months ago
That's not the point I was making at all, I fully expect landlords to charge market rent. What I am saying is that just because market rent is below a mortgage payment does not automatically mean the landlord is making a loss. Despite the whinging of landlords, most will make a decent return once they sell up
In fact, as long as the annual percentage rate of property prices rises is greater than mortgage interest rates, then property will be a profitable business even if it is left vacant.
BattleCorp wrote: » Actually, yes it does mean that they are making a loss. That's the definition of making a loss. Not taking in enough money to cover outgoings means you are making a loss. Possibly making a profit upon selling up doesn't change the fact that some landlords (myself included) are making a loss on their property at the moment. It's only profitable if the property owner can afford to subsidise the mortgage from other funds.
Idbatterim wrote: » come up with a counter arguament to this, which costs the government nothing, indeed would deliver more lpt and development levies, stamp duty etc! Simply allow higher density, allow cheaper to construct units, permabear has already says the development cost per sq m is double that of Germany, laughable as you can be damn sure the standards are higher in Germany! David Ehrlich head of IRES Reit also known as the godfather of REIT in Canada, has repeatedly commented on how outrageous construction costs are here and how inefficient it is to build due aspect apartments, have massive lift requirements etc... Whats the point in having these bull**** standards if no one can afford them, builders wont build with them and the vast majority of people dont want / cant afford them! We have the docklands with pathetic heights, the Irish Glass bottle site, which cost the exchequer nearly E450,000,000 in a bailout, littered with 4/5 floor buildings in the proposed new development plan for the area! As soon as it makes sense to start building en masse, what will happen all of a sudden? by extention, large amount of social and affordable units will be delivered as a result. So poster, please come back and tell me why these two beyond obvious things to change, that will also deliver a fortune to government coffers, arent being done? please counter argue this!
NIMAN wrote: » This man (who after all should know considering the post he is leaving) has the balls to say what many are afraid to say publicly, that many are playing the systemhttps://m.independent.ie/business/personal-finance/property-mortgages/housing-minister-claims-theres-no-evidence-of-people-gaming-the-housing-system-36457404.html
NinetyTwoTeam wrote: » A large portion of ours politicians are landlords, they are making big money off of the lack of supply, so will do very little to ease it. They know as well that many of their core voters don't care and probably consider the homeless are deserving of their predicament, due to alcohol/drug abuse, etc. To the eejit who said 'we'd have money for housing if ye paid your water charges', where did the money come from for John Tierney's 500k lump sum + pension, the pay rise TD's gave themselves? Where will the money come from for the new EU army? They have plenty to go round when it is going to them and their buddies, which is just where the water charge would have went, too. And if Apple paid even a third of what they owe in back tax we could sort this crisis out easily. I guess if we all paid water charges, we wouldn't have a trolley crisis in hospitals, either yeah? The government are letting this all happen, because it is profitable for some, and the people who are made miserable by it are powerless to do anything.
10000maniacs wrote: Land prices in Dublin are at scales now unaffordable to revenue so any solution will involve private builders and buyers. Building council properties is a relic of the sixties and seventies. Water charge protests were an easier win because the protests were bolstered by the "never pay for anything" leftie brigade. Current property owners and council house dwellers won't be bothered to participate in any protest on this.
Wanderer78 wrote: » 'The market' has failed, and we 're not the only country showing this problem, we have no choice but to return building public housing, unfortunately we could be years away from accepting that.
Wheeliebin30 wrote: With what money?
Idbatterim wrote: » Is it time for mass protest at the housing crisis? The only time the scum bags we elect to the dail are interested in us, is come election time. I have voted fg previously, I'm done with them. If they think a few euro a week decrease in USC is enough to keep people onside. These same people who will be paying e700 plus for an average bedroom in an average house in an average part of Dublin IF they can even secure a viewing! People protested about water, this scandal is off the wall in comparison. This situation is ruining lives and costing people a fortune, unlike water! The only time they ever budge here, i.e. Politicians is when pressure is put on them and they collapse like a house of cards, as their populist nature compels them to. Whatever ideological reason they have against solving the issues show a disgusting lack of empathy. I don't see what their issue is, their mates in the banks, the estate agents will be creaming it in with more building. More jobs, more lpt... It's taken them 3 years minimum into the crisis to acknowledge the fact that apartment building is prohibitively expensive and wait more years for action. 3 years! 3 years of misery for tens of thousand of people of not more. What's the problem? They are overpaid, do nothing but talk it seems to me. So there you go coppinger etc. Someone ill probably never agree with on economic policy etc, but organise a protest for this issue and I'll stand shoulder to shoulder with you! After the previous water crisis and protest and where that lead to. The government will do a pretty quick about turn this time! Particularly as an election could be held any time!
Fann Linn wrote: » The article which says 'there is no evidence to prove people are gaming the system'.
FTA69 wrote: » Rent is through the roof in Cork and Dublin , we are being perpetually gouged by a class of landlords and we also spend a fortune every year paying rent allowance to private landlords as opposed to building sustainable social housing. In Ireland tenants have very little rights compared to Europe, paying through the nose for crap accommodation with short term leases. We're constantly told "we need the private sector to build" when in reality it's not in their interest to do so as high rents and high land value suits them down to the ground. Housing people should be a key priority for any government and it's far too important to be left to a cabal of developers to dictate (we all know what happened last time.) That is absolutely, 100% something worth campaigning for and the OP is spot on.
baldbear wrote: » Vat & motor tax cover water charges. fianna Fail made sure of that
Wheeliebin30 wrote: » With what money?
whisky_galore wrote: » What did the State build houses with in the 1920's, 30's etc. when the country was in a far, far worse situation than now? We can't do it now in a (supposedly) wealthy, developed country.
NIMAN wrote: » Didn't the Gov say recently they plan to put €1.5bn into a rainy day fund next year? That would build plenty of houses if the will was there.
Wheeliebin30 wrote: » No we can't unfortunately. There is a limited budget, where do we take the money from? Health? Welfare? Education? You tell me seems you know the answers.
whisky_galore wrote: » I don't know, they just made it happen. You can say what you like about the old rebels in early govts, and it wasn't a paradise by any stretch, but at least they weren't a self-serving bunch voting in pay rises for themselves. Even the much maligned oul Dev REFUSED several pay raises. As well as that, people that got these houses were fcuking glad of them, even if they were located in a place that they had to cycle miles to work, not cherry picking like now.
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