Irish Property Market chat II - *read mod note post #1 before posting*

When I was an apprentice dirty years ago I often stay in digs that were similar.

There was five of is in a converted garage with a single bed and two sets of bunk beds.

Stayed in another one in the same area two sets of bunk beds in a standard double room.

Stayed in Dublin for four weeks in house, I think it was in Frederick St, I was in a room with three other men in single beds. It was a kind of B&B, but breakfast was boiled eggs. You got a Fry Saturday and Sunday morning

5% minimum….where is your source or is it just your own wild personal prediction ?

08 will look like a picnic, MNCs are holding off hiring and in some cases layoffs are already starting in the US due to reckless hiring policies during the pandemic, we will likely see the same in some departments based in Ireland.

Where are rates at 5.09% in the states….the last I looked the fed rate was only 1%

Can't find the one I saw before but this is the closest to it I've come across

This is an article about a Société generale report that shows where stock prices would potentially be without QE. Article is pre covid. Pretty scary stuff

It is not just the level of HAP...it is also who is eligible to get it....combine those two and you have a cluster of a situation that has just been made considerably worse by the announcement today. The madness will never end here.

The primetime program that came with that rental increase story is fairly bleak viewing

A woman working 2 jobs breaking down on TV asking what do I have to do? Work 24 hours. She was offered a place at affordable rent in return for sex

The radio is plastered with ads for surveys for employers to do report on gender pay gap in their business and what their going to do about it, the ad finishes with this is an iniative of the government of Ireland

Seriously! We are at full employment, one of the viewers of the house that poor woman was looking at to rent was from a MNC desperately looking for housing for workers in Kildare. Kildare coco have reduced there housing plan recently.

What the fcuk is wrong with our state institutions. If you are out of your depth, for your own and the countries sake please leave and find a job you are capable of doing

The housing situation was the Govt's own making. I am not political and don't have any affiliations to any parties.

I am a small landlord with two properties both rented one to RAS and the other to HAP (both well below market rates and both in RPZ).

The State and media have vilified the small landlord and taxed us unfairly compared to the corporate landlord. The corporate landlord only wants the high value rents. A third of properties for sale is from the small landlord as from the Primetime program.

I have suggested multiple times extend the rent a room relief to landlords. Any rent up to a certain limit is tax free anything about that is all taxed. The benefit of this is it allows the tenant save a deposit to actually buy a property, it also encourages builders to build knowing they have willing and financed available buyers waiting to buy.

In the short term it might reduce the number of small landlords leaving the market.

Perhaps the biggest issue (other than the tax) for the small landlord is the inability to evict none paying tenants in a timely fashion.

I note on Primetime the Govt are considering the tax treatment of landlords (but only considering something). Even the housing advocates (not sure if it was Focus Ireland, Threshold or the Peter McVerry Trust) are saying the tax of small landlords should be changed to encourage long term tenancies.

Ironically the two parties making a decent return on this is the State on taxing the small landlord and the REITS paying no tax and if the shareholders are non residents they can claim back any income tax they pay.

Then we have Leo Varadkar say the squeezed middle need to be helped.

Seriously you could not make this stuff up!

No worries, the government will just keep picking up the slack with the easy money they have access to. In the same way they are propping up hotels, they will keep the residential market propped up at all costs.

Unconscionable and borderline treasonous to impoverish future generations with policies such as this rather than investing in a more sustainable future. FF and FG will have squandered the last twenty years of growth when the whole charade falls apart (likely when SF get into power and it turns out that FF and FG left nothing behind them for SF to work with).

He should be arrested for treason the prick. Time and time again they interfere to keep the transfer of wealth from the taxpayer to landlords going. It's criminal.