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

That would seem about right. I negotiated my previous rent of 1600 down to 1300 in summer 2010 but by 2014 prices had bounced back and kept rising after

Don't forget the cash-in-hand brigade fleeing from their tenants indirectly alerting the Revenue by claiming their tax relief.

They are already compensated for "1" in the form of much higher return than risk-free rate.

One would imagine that it would be much cheaper than buying unviable new apartments to put these ones right

It's an investment that ultimately when the mortgage is paid off would provide an income for e.g. a pension, it doesn't compare that favorably with other investments at the moment (unless you assume everyone bought property at the bottom), but it's hard to just switch to another asset because selling is hassle and expensive on legal fees, agent costs and you have to pay the CGT now on the sale before re-investing. So many would rather stay in.

After costs and taxes I think most add money in to cover the mortgage, you have no choice but to pay a mortgage, so it's a disciplined way to save, you can't choose to skip a payment.

Some may have no mortgage, maybe retirees etc., but honestly who wants to lose a big chunk of their pension income because tenants aren't paying their rent for 3 years? No-one.

Some people buy a property with a view to having it available when their kids go to university, or to move into permanently etc. So they are providing medium term supply to the rental market in the interim.

Cue another group of Landlord not happy at the moment 😂

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Let the state or housing associations pay up front, recouped from rent overtime

The property owner gets a valuation boost plus additional income stream

Supply added at 0 cost, win win for all

Is that not enough carrot for everyone

Owner may not have the funds to do up the upper floors

Owner may have difficulty getting staff for business due to housing crisis, this proposed scheme provides a solution

Owner may be suffering fall in turnover in business as a result of wfh, an increased local population may help improve turnover plus added rental income

Multiple other scenarios that would benefit the owner. We are either serious about solving the housing crisis or we are using it to make serial political donors very wealthy while talking sh1te to pretend we are trying to solve it as we clearly make it worse

Absolute Joker, find it hallarious what he said about them saying they had to bring rates to a normal level, they said that in end of June early July last year, this time last year that joker was saying alot different things.

It funny the way things can be worded even though that headline from him is correct and not a lie but it portrays in people's minds that this is what they were saying a year ago which is bolloxs.

Anyway we will see if they have the balls to bring them into restrictive territory, K would say absolutely not.

You seem to acknowledge the benefits of such a scheme yet use the current dysfunctional, oppressive anti-competitive system against local landlords as an argument for it not working

This emphasises the 2nd point in my post, Those that set the laws and police (or lack of) are responsible for local landlords leaving therefore they talk sh11te when they say housing is there number 1 priority.

Change the laws so that disruptive tennants and non compliant landlords can be dealt with efficiently. Both measures benefit law abiding tennants and landlords. This is a basic function of laws in a democratic society. We are not reinventing the wheel here

100% correct house wax CPoed and not a council house

Oh dear, something that is done in every other country is too difficult for Ireland's knowledge economy.

We should share our knowledge and make other countries aware of the dangers.

Microsoft is planning to cut jobs too