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

Rental is only one part of the housing market….if preferential treatment is given it is at the expense of others in the market. If I was a FTB I wouldn’t give a **** about landlords leaving I would be happy about more stock on the market and less buyers.

As for LL I don’t know will it be as rosy a year or two down the road as housing bodies/government seem to be the only ones buying new apartments so in theory demand should fall (but probably won’t due to the endless population growth we are seeing).

In my opinion we have moved from building large council estates due to issues in the past to large buildings of apartments that private buyers can’t afford so end up with majority of the apartments providing housing the same as if a new large council estate was built.

Avg occupancy for a rental unit is much higher than equivalent unit if it were an owner occupier. The more landlords that sell to FTBs the total housing need actually increases.

For the sake of those currently renting, we need more landlords not less. Landlord investment needs to be an attractive proposition or rental supply will never increase. This could be achieved by higher yields OR less risk (I.e. easier ability to evict non payers). Until this is rectified rents will only go up.

Agreed.

I rented a room in the house of a friend. He decided he wanted to sell up last year as it wasnt working out for him. All of us except one couple understood and moved out so he could sell. That one couple have paid no rent since and he was telling me his solicitor thinks it will be at least a couple of years before he can sell it. He can expect no rent in that time either.

People should be allowed to exit a bad investment instead of being forced into it becoming an albatross.

They take him to court for illegal eviction.

I nearly take my chances especially if not in a city.

It would seem from all of the reports in the RTB that this could go very badly for the landlord.

I'll give him your advice :)

TBH having thought long and hard about it over the last year, I have noone to blame but myself.

True. That seems to be deliberate.

Institutional landlords can absorb a few bad tenants due to the scale of their operation. But they may have better screening processes for tenants also.

However in the example given above by Vill05 of an LL who is highly leveraged but failed to lock down a lower interest rate within 3-4 years...any physical business like a barber or a restaurant is going to struggle if they don't own their own building. Any physical business that does own its own building is in a great position to succeed.

This is not necessarily an institutional vs small question as such. A person with a mortgage is much more vulnerable than any entity/person who does not.

Dudes who are over-leveraged and don't have the commitment to ride out periods of losses but demand to be in profit after debt payments to the bank. Is that a problem for the tax-payer?

Corporate control of rental property will be bad though I agree.

Not taking opportunities that were available is on your head, yes. The same is true for the mistakes that I've made regarding buying later than I should have. However, I heard similar things back in 2010 when I was using the economics board a lot. Many people would say things like "sure, we all went mad during the Celtic Tiger; we're all to blame." This has elements of truth to it, but it ignores a fundamental that is equally true; those who were given the power to govern fundamentally failed or abused their positions.

To put it another way, I go away for a weekend and leave my house unlocked, it's on my head if the place is burgled. That, however, doesn't relieve the burglars of responsibility for the crime.

Many people should have bought years ago, but they didn't for whatever reason. Now, many of them are priced out of owning a home, which will likely have enormous effects on their futures. Can one settle and raise a family with little security of accommodation? This also doesn't happen in a vacuum. Having people living with their parents in their 30s (and soon 40s) will be enormously deleterious to the future of Ireland herself.

Tenants are not paying rent for some time.

They have broken the rules of the agreement themselves .

Maybe we need some more details from op as there might not even be a tenancy agreement in place. In that case they have no right

Could do with a few more details from the poster. They hadn't paid rent since last year. Hard to say that qualifies as "renting".

If it was renting a room in the house the landlord also lives in part 4 rights do not apply.

Renting in Dublin for the last 2 years cannot afford to buy a house here so Im looking at going back to Cork City