Why do Landlords feel entitled to rent increases?

Why do shops increase prices' why do employees seek wage increases, why does the minimum wage increase each year? Landlords are renting out properties to make money, the same as any other business. Its all about supply and demand and at the minute there is a shortage of supply. Inflation is hitting everything at the minute

It's not because they have it tough it's because they know we are in the middle of a housing crisis so need to capitilise on it as much as they can before the next downturn/emigration crisis. Also cash reducing in value by 5%+

No different to the housing for purchase or second-hand car market, - they will set the price at whatever people are willing to pay

What we should be more angry about is that our salaries aren't increasing accordingly

Any LL in an RPZ now feels obliged to raise the rent any chance they get. The rules work against you if you do not increase the rent any chance you can. I not in an RPZ....yet. This is a worry as well if you are designated your rent is fixed for at least the next 6-10 years at what could be a low rate.

That nice LL you post about was probably caught on the wrong part of the cycle when RPZ's were introduced. Not only that if he want to sell his property in the next few years it could cost him 30-50k in the market value of the apartment. So not only is he losing 6-10k/ year in rental he get screwed over on the sale as well. Between lost rent and property value he cod be looking at 100k over 6 years.

Yeah I'd imagine supply/ choice goes up rent goes down ! If not you have choice to move ? Seems more interference in market by government worse things get for all ? Would not like to be a tenant or a LL these days.

It's an investment, everything else is going up in price which feeds in to their expenses so they need to raise the rent or fall behind.

Not entitled, but it may do.

Yes, very much so. We gave reductions in the recession and when tennants lost jobs etc.

Now, with the current rules we have to increase the rent each year or be left behind. Previously we would only have done so every few years, and at that never increased to the full current market rate. Before when a tennant left the cost of reletting (painting, carpets, furniture, labor etc) would be covered over time by the increase to the current market rate. That is no longer possible, the rent needs to increase each year to keep up.

When we had our last rental crisis, around 2010ish, the rents where collapsing and tenants where bragging about how they got hundreds of Euro off their rent. No one complained and there wasn't stupid legislation introduced which restricted the market. Now we have a bigger crisis and the government is doing everything possible to drive investors out of the rental market.

Shop around, its mostly the irish ones that are the most expensive.

Back in 2010 I remember talking a letting agent from €1500 to €1300 for a 3 bed apartment. Letting agent told me the landlord had been getting €1800 in 2007. These things can work both ways.

our approach to housing and accommodation is an absolute train wreck, this is now the case for most renters and an increasing number of landlords. we ve codded ourselves into thinking absolute nonsense ideas and ideologies such as supply and demand etc etc, is how the world works, including in relation to our property needs, and now these ideas and ideologies are starting to fail for nearly everyone.

landlords have been encouraged into the market, but due to these critical failures, their chosen profession is becoming more and more precarious, hence the exodus, renters are obvious on the sh1t end of stick also, theres not much none sh1tty ends in this game

funnily enough, globally, you ll actually find, the more state interaction a country has in its property markets, the more stable those markets are, Singapore etc, we ve allowed ourselves to fall foul to this free market nonsense, now everyone is getting screwed, so, go us!

He is on about the removal of bedsits in the early noughties. The rules changed you could not have a single room flat, cooking and bedrooms had to be separate.

In larger cities and towns there was a lot of larger town houses. LL let these as single rooms with a bed and a small kitchenette in them. A lot were let to order single people.

At the same time fire regulations changed which took out a lot of flats over commercial premises. These units went out if the market and were never replace. Any that did stay were converted to multi- occupancy units maybe on one floor and the rentals charged doubled per occupant.

We've never let "supply and demand" work. We've either provided unneeded tax breaks to encourage supply in the noughties boom or introduced rent controls in the last few years to drive down supply. Then we provide tax incentives for big "professional" landlords to come in , after we've driven out the amateur landlords, who are buying up supply and leaving units empty because of interference in the market by goverment.

You can't compare a democratic country with an tiny city state ruled by a single party. Look at the problems nearly every other functioning country is having with property and they are all the same.

it most definitely works both ways. From 2010 on I got 3 rent reductions in a row by asking the landlord. Not getting you about contacting the RTB, this is a contract between you and the landlord. If the market was in such a way that there were loads of options available, you would just request the reduction from the LL. If they say no you move out and get a cheaper place. They would probably agree to the reduction as they dont want to go through the hassle of finding another tenant for the lesser rent anyway!

Its the same the other way around, the landlord is raising the rent because in the current market there are not a high number of places available and so you more or less have to accept the increase if the new rent is in line with the market or you'll be finding a new place for the higher rent anyway

we have to walk away from all of this textbook economic crap, fundamental beliefs of this thinking, such as supply and demand simply doesnt work in this case, its not how the real world works, what you have just described is exactly what occurs when you allow major sectors such as the fire sectors to control your economy, i.e. credit fueled booms, and credit fueled busts, which in turn causes highly reactive policies such as you described.

yes, we ve all followed each other down this fire sector cul de sac, we have to move back towards more state interactions with these critical sectors, and not allow them to dominate and dictate our economies, as we have now....