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

They take him to court for illegal eviction.

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

He also said the the owners solicitor told them that it could take years to get them out ........ so it's fairly safe to assume it's not a licensee scenario.

Some interesting (if horrifying) figures for the new year. Not good news on the housing completions front from this government, things are only going to get worse for years to come apparently. It can only really be called gross incompetence at this stage, years into the housing crisis:

"It will be “a number of years” before 40,000 new homes per annum can be delivered, according to Tánaiste Micheál Martin. [1]

"Two separate pieces of research into required housing targets are currently being conducted by the Economic and Social Research Institute (ESRI) and the Housing Commission. Both pieces of research are expected to recommend the state needs at least 50,000 new homes a year, significantly more than the 31,000 expected to be built this year."

[1]https://www.irishtimes.com/politics/2023/12/30/tanaiste-micheal-martin-says-it-will-be-number-of-years-before-40000-homes-per-year-built/

[2]https://www.businesspost.ie/news/esri-we-need-to-build-50000-homes-per-year-to-meet-demand/

I cannot find that video, but I saw one where mom owned house (US) with bad tenants that refused to leave. So son was made a tenant with official rent agreement and moved in. Bad renters soon after left and because tenants are protected so no one can complain about new tenant. I wonder if something like that would work in Ireland and @SharkMX friend could get bad tenants out.

Maybe if the house was rented per room?