Dublin - Significant reduction in rents coming?

JimmyVik · 17-09-2021 8:05am

https://www.boards.ie/discussion/comment/117901907#Comment_117901907

Any landlord would have been mad to not raise it as much as possible at the time. For all they know they will never be able to raise it in the future.

So that was an unintended consequence of tenants - or was it. The government get 50% of the rises in rents :)

So you have tenants screwed, landlords screwed, and extra money in the government coffers.

No landlord can depend on anything in future. For all they know now some legislation will come in overnight to tax them 70% or not allow them to ever evict a non paying tenant.

How could anyone invest in that sort of climate. Investment needs clarity of the future.

PommieBast · 17-09-2021 10:55am

https://www.boards.ie/discussion/comment/117901907#Comment_117901907

In the 3 years before RPZ I never had a rent rise. Afterwards the landlord even whinged about the agent rounding it to the nearest €10.

Rent controls fundamentally just kicked the can down the road. It only kept rents down for the few years of lag time it takes for people to exit the market, and the government wasted that breathing space.

17-09-2021 1:19pm

Somebody suggested on this or another thread that if landlords were somehow incentivised to keep same tenants long term that it might be a good idea, and I would agree that this should be explored, also with rights for landlord to get rid of genuinely bad tenants without too much trouble. It’s got to be good for both parties.

17-09-2021 2:08pm

In the 3 years before RPZ I never had a rent rise. Afterwards the landlord even whinged about the agent rounding it to the nearest €10.

Rent controls fundamentally just kicked the can down the road. It only kept rents down for the few years of lag time it takes for people to exit the market, and the government wasted that breathing space.

My agent didn't do any rounding. I was in hysterics when I got one of the rent increases and it was €1408.06c

17-09-2021 2:09pm

Caller: We're too rich for the housing list.

Joe: Me too

Jmc25 · 17-09-2021 2:12pm

https://www.boards.ie/discussion/comment/117903680#Comment_117903680

Yes. At the moment there's no reward for good tenants and bad behaviour from tenants is not only protected from consequence but in many cases actively rewarded.

Protecting these tenants is of benefit to absolutely nobody except them, and perhaps the state, who would of course end up becoming the landlord of last resort.

Dublin - Significant reduction in rents coming?

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