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

Because you can't as you obviously didn't know what you are talking about and have been caught. FTB are exempt for stamp duty on new builds under 125sqm. I didn't say I paid 20K more than FTB at the time just I paid it. The stamp duties changed but a FTB would have paid less.

How much an asset goes up is a pointless metric if one can’t evict tenants to sell

And houses with tenants sell at lower prices, that’s assuming those tenants don’t create thousands of euro worth of damage and get away with it as they always do

Eitherway it’s a daft suggestion that would further hurt renters

Just cut down on the bullshit that’s preventing homes being built, the answer is more homes, everything else just ensures renters get screwed more and more

The problem with relying on the asset going up in perpetuality is, well, that's a very bad thing to rely on... A tax exemption for landlords isn't a bad idea and could even be introduced as things stand. Even something as simple as a relief on the first few thousand € earned could woo some landlords back or just stop them from leaving

But you would need to couple that with building more homes. You could incentivise this at near zero costs by making the planning permission system more straightforward, and I think most crucially, faster!

The current system is up to 30 weeks long. Bring that down to about 20 and you'd have a gamechanger on supply for a near zero cost

ok fair enough I see now where you coming from

Sadly if we want to get houses built we need the construction industry to be creaming profits. Modular homes are probably a part of the solution as well. Not sure they will be cheaper here but they'll add an option to stabilise the price at least

About 20% of rental households in the country are now on HAP, and more is spent on other housing supports on top. Total housing supports in the private sector rental market are nearing in on €1bn a year cost to taxpayers.

Its an utter waste of money - the vast majority of the 60,000 households on HAP, at the very least, should be in social housing.

Whatever about ideological opposition to building social housing, at this stage theres absolutely no financial logic to it. HAP, long term leasing of properties etc, are just horrible value for money for Irish tax payers.

In 2024

The "construction industry" had much higher prices, margins, grants, waivers from service fees, grants to build apartments in excess of 100k, higher customer mortgages, wages, savings

Yet output fell from the previous year

Population, please realise when your being played for idiots

On the balance of probability, who do you think voted for the FFG State

The Landlord or the tenant

As said before nobody wants fair laws regarding tenancies more than the 95% compliant tenants.

Why?

They don't want to be living next door to troublesome tenants

They don't want to paying a premium for non paying tenants

These are the 2 of the 3 main issues affecting landlords, they affect compliant tenants greater in my opinion

The issue is supply pure and simple. The parties on the left wanted to freeze rents completely and have an eviction ban. Why exactly do you think the RPZ legislation is being reviewed? Even Ronan Lyons (a renowned voice in the sector) who has no "skin in the game" has said the RPZ is not working.

People are not paying a premium for non paying tenants as its the landlord who is "paying" by not receiving any rent. Even if non paying tenants were evicted with the lack of supply there are plenty of willing paying tenants willing to take their place.

Evictions and making hard decisions when it comes to housing people is political suicide hence the reason politicians and the media are happy to blame the "evil landlord" remember the ordinary "joe soap".

The angle that I look at it.

HAP allows those that can't afford rent to rent a home, subsidised by the state. This increases the number of potential people a landlord can rent to and puts upward pressure on pricing.

So your rent will inevitably go up because I'm living beside you on the HAP scheme and it's your tax money that is paying for me to be on the scheme. So in effect you are paying your taxes to keep your own rent high and climbing

Everybody, except maybe landlords, would be better off if the state used the money to build social homes

The State has forced the private sector to deal with a social issue and this is starting to backfire on them. The build quality of traditional social housing was equal to if not better than that of the private sector in the past.

This being said why has the State left the housing of those who need to be housed to the private sector. If we look at the part V requirements in the planning process. Again the State wanted to integrate social housing amongst private housing. Why? All buildings have to be built to the same min standards irrespective of State or Privately owned.

You build State housing and your issue is significantly reduced on rents. People need to dig deeper (pardon the pun) into exactly what is happening. The State is happy to blame the landlords and that approach has not worked, they realise they need private investment to meet targets.

Its easy for those in opposition to say freeze rents, ban evictions etc but when it comes to actually solving the issue its much more difficult.

Can you truly see a politician endorsing an eviction of a family from a social property/private property for non payment of rent? All of the recent legislation has been pro tenant whether you accept that or not. Indefinite leases after 6 months, RTB that has no real power, lengthy RTB process, lengthy eviction process, almost impossible to evict tenants from social housing for anti social behaviour/non payment of rent. Rent caps in the RPZ, landlord responsible for the anti social behaviour of their tenants and having to go through the RTB process to address the issue.

If you can highlight equal benefits introduced for the landlords in the same timeframe I would be interested in hearing same.

The intention with Rpz and HAP was that they were to be temporary measures while stock was increased. The abysmal failure has been the over reliance on the private sector which has made the problem worse. A state run by FFG is incapable and conflicted in resolving this issue. The grassroots are property people

The process of pricing in any business needs to take risk into account. In my time renting I have negotiated significant discounts through furnishing references and documented consistent on time rent payment.

Ideally for social/subsidised housing a condition of acceptance should be that rent is deducted from salary/welfare payments. If a housing emergency needs to be declared to achieve this, then do it. Social housing limits raised to at a minimum average salary with rent calculated as percentage of household take home pay. Reductions for people willing to house share

Taxpayers money should be focused on supply of new homes not pumping land, housing, rent and developers share price

This exactly, there's a 40 year + job at hand here to procure housing. A semi-state should be setup to accomplish these goals, there's no reason to leave it to the inefficient private developers.

Apparently james browne (the housing minister, not the singer) has a plan that will remove RPZ's and protect renters. I'd love to know what this plan is

https://www.thejournal.ie/stop-screwing-it-up-mary-lou-mcdonald-tells-6710606-May2025/?utm_source=thejournal&utm_content=top-stories

Perhaps a subsidy in the form of a tax cut for any landlord that keeps their rental charges below a certain level, would only be a short term solution of course, they'd also need to build more homes

Why do we need to focus on bringing in private investment? Thats the strategy thats been tried for the last decade and clearly isn't working at all. Despite all the tax payer funded freebies being thrown at it.

We have a state with huge amounts of idle capital at hand, and a massive need for social housing to be built.

Any slack in the construction industry from private investment slowing can be very easily taken up by the government building social housing.

Get those 60,000 households off of HAP and save the tax payers tens of billions of euros long term.