Rental cost-where will it stop?

For someone to inherit, someone had to be the 1st generation that became wealthy in the first place.

and move to where?

London? - Higher prices

Paris - always on strike and high prices

Amsterdam - High prices

Lisbon - Crazy high prices

Munich - Prices gone crazy too.

We simply need to build build build. Far too many tracts of land awaiting rezoning (Newlands) or have very low density industrial buildings - (it has taken 20 years for the dublin ind est in Glasnevin to get clearance for residential development. That's just crazy

I agree with you. People are stuck and forced into paying rents where I would struggle myself tbh. I don’t know how some can afford it. There is no getting away from that as it is expensive and you’re right. It’s hard to save if you don’t have money left over at the end of the month.

I never said anything about your career other than I doubt you are an an architect given your complete lack of understanding of finances of rental purchases.

You still haven't answered my first question! Who is going to take your terrible financial ideas?

As a farmer are you going to buy a field with a mortgage and sell the crop produced at a loss until you own the field and then sell it for a profit 25 years later? Does that make business sense to you?

Again .... caused by rent controls.

Would elderly renters be able to outbid other, younger buyers? Also, I doubt there is any prospect of this , or any other Government making it easier for banks to eject families from their homes. They should, but it will not happen.

If an elderly person had the cash to buy a home, it’s unlikely they would be renting, and no lender would provide a mortgage to an elderly person.

Velocity?

I doubt the volume of repossessions would have any meaningful effect, and may actually accentuate the problem by making more people homeless. The sight of families being dragged from their homes is not a vista any politician wants to be seen to encourage. There would also be no guarantee that a bank would sell to a someone in need of a home, nor could the State stipulate that it be sold on a need basis.

I do agree with you that people should absolutely not be allowed to continue to live for years in a property they have ceased paying for, I think more lenders would enter the market and improve competitiveness if hey saw that they could recover the collateral on their loan relatively quickly in cases of non payment.

Sorry, no, wanting to buy rather than rent does not have the same optics as a family being dragged from their repossessed home. The repossession is far more emotive.

That is extremely unlikely you never met a person who wants to rent. If we extend that out it means every college student renting want to buy instead of renting. It also means every person want to buy the instant they leave home and tie themself down to one location. Just a little bit of thought makes your statement ridiculous.

so now nobody wants live or own an apartment? They are paying for something, accommodation in a place they can't buy. Many people don't want to decide on a permanent home when younger and want the freedom of renting. If you don't think that is true you are living in a different world to me. Renting has it's place or it would never exist anywhere. To think it is never wanted is the weirdest things I have heard

Simple answer to why issue has not been resolved is that the government is loving the tax take and public blame landlords. I know that not all landlords have mortgages / bought at low rates, but a lot of other people are in jobs and have rental income as extra, so all their rental income is taxed at 50%. So, government is taking a large chunk (after deductions). Rent goes up EUR3K a year, government takes EUR1.5K. So the government is benefitting from peoples misery.

Before breakages, replacements, tenants missing rent etc, I'm always left with paying the tax liability from my savings, I'd be f**ked if I had no savings. Plus side, long term I'm earning equity per year, though interest rates have nearly killed that too.

Also, value wise my apartment is about same price as I paid for it 18 years ago - so no capital value either. Not exactly a lucrative investment, but I'd be considered a scumbag landlord!!

Not just a scumbag you are also raking it in . The OP here won't even work out how much profit a landlord makes before deciding on how much they should be ALLOWED charge. You can't argue with somebody who just think people will be suppliers of a service at a loss because they want it cheaper. They aren't open to discussion they are telling you what they want and don't care how or if it is achievable

Great suggestion - thats why the number of landlords and tenancies is falling at a time when rental prices are booming - they are taking your advice. This might be OK for the investor, and OK for the buyer, but its not OK for everyone left in the rental market where there is already a lack of supply.