Mic 1972 wrote: » It doesn't mean they are expected to sell assets just because tenants are going suspend payments LL will protect their income like we all do
lastusername wrote: » I doubt many will, as I imagine the vast majority don't do this kind of thing.
markjbloggs wrote: » What a thoroughly nice person you are !
Mic 1972 wrote: » Also, on a side note, I have given 30 days notice to both my lodgers as I'm not going to take risks sharing with other people. I wonder how many people are going to lose their room accommodation due to the virus emergency
OttoPilot wrote: » Doesn't change the fact that anyone relying solely on a rental property to survive is taking a big risk.
Sheeps wrote: » Finally went sale agreed on my first home after 10 years of saving. Couldn't care less about the highly likely probability that I will be in negative equity. It's probably not a home for life, but it's certainly a home for the next 10 to 15 years.
Mic 1972 wrote: » Nonsense. Tenants are also no supposed to occupy a property without paying
OttoPilot wrote: » Investing in property is risky. Nobody forced them to become landlords.
LeineGlas wrote: » If a landlord can afford to keep a property vacant, they can afford to lower rents.
Mic 1972 wrote: » Poor people won't be able to access credit so yes they won't be able to buy If the state is willing to loosen up on the rent restrictions LLs will probably be willing to reduce rents otherwise i can see a lot property remaining vacant
Claw Hammer wrote: » So landlords are supposed to have a car boot sale and sell their dearest possessions so their tenants can live rent free?
LeineGlas wrote: » And even then, the less well-off will still suffer most as the supply issue still remains.
LeineGlas wrote: » Landlords can reduce or suspend rents.
nerrad01 wrote: » conversely it may be a good time to buy, demand will drop off while buyers are spooked due to the uncertainty and as long as your job is secure and plan on buying a long term home, the process may be more straight forward. Although supply willbe limited with people not putting places on the market due to the infinitely more worrying issues going on
LeineGlas wrote: » Work. Adjust their lifestyle. Sell assets.
Mic 1972 wrote: » It's a possibility, that will contribute to property devaluation if return profit is lower, than investment value is lower
awec wrote: » The overwhelming majority won't be buying houses, whether or not they lose their jobs.
Claw Hammer wrote: » How are landlords supposed to live if they do that?
Mad_maxx wrote: » There will be no fire sales emerging from this, anything that smells of profiteering from the misfortune of others will be prevented from happening
OttoPilot wrote: » Italy is suspending mortgage payments. If it goes that way here, do you really think renters will continue to pay? Why would they, you cant evict them all.
nerrad01 wrote: » people who lose their jobs wont be buying houses either! This is all going to have a major economic impact and the housing market wont be spared
FernandoTorres wrote: » Was the article written by a property company? It's a pretty simplistic view to say that people will just sit on their property. If things get really bad, companies start to fold, people lose jobs and people are forced to sell. That's before looking at the virus which targets the elderly, the biggest owners of property in Ireland. Not saying any of this is a given but certainly a lot more realistic than it looked last month.
awec wrote: » People who lose their jobs are not going to be selling their homes.
Assetbacked wrote: » They are not just getting sold, they are getting dumped at this rate!
