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

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Comments

  • Registered Users, Registered Users 2 Posts: 4,624 ✭✭✭tigger123


    I've since seen on Reddit that it relates to DCC only.

    It's pretty shocking that RTE wouldnt pull them up on that element of it.



  • Registered Users, Registered Users 2 Posts: 9,301 ✭✭✭Ray Palmer


    I don't know I only listened to the clip and the headline is misleading as it is not about all sales and doesn't seem to marry up with other information



  • Registered Users, Registered Users 2 Posts: 2,457 ✭✭✭Rocket_GD


    Are you actually doubling down when multiple posters provided evidence that proved you to be wrong?

    Sorry it's everyone else and the statistics that were wrong, not yourself, carry on.



  • Registered Users, Registered Users 2 Posts: 9,301 ✭✭✭Ray Palmer


    You never understood and still don't. I don't have to double down as you and others never proved me wrong. You just repeated yourselves and don't understand the argument. I don't need your validation or approval but you seem to want me to give you some. The argument is over



  • Registered Users, Registered Users 2 Posts: 2,457 ✭✭✭Rocket_GD


    There was never an argument, it was multiple people providing you with evidence that disproved your belief while you put your head in the sand and said "I know people selling" or "I'm in the industry", none of which were in anyway relevant.

    We have clear evidence on side, you have an anecdotal opinion, only ever one winner there.



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  • Registered Users, Registered Users 2 Posts: 3,400 ✭✭✭Blut2


    Its based on property tax figures from Revenue apparently. You can bet by this stage, multiple days later, that if it was wrong the media and other parties would have been delighted to correct SF on such a high profile claim.

    Its a shocking figure, and it does also add further evidence to the whole "landlords are fleeing the market" trope being completely untrue.

    "landlords queing up to enter the market in large numbers" is it in reality I guess.



  • Registered Users, Registered Users 2 Posts: 399 ✭✭ingo1984


    Wouldn't waste any more breath. Sure there's still people who think the earth is flat despite all evidence to the contrary.



  • Registered Users, Registered Users 2, Paid Member Posts: 37,024 ✭✭✭✭o1s1n
    Master of the Universe


    It seems to be a figure that applies to a certain subset of data if you whittle it down. However this isn't mentioned in the headline, which is quite sensationlist and misleading.

    Check out the actual figures in this post:



  • Registered Users, Subscribers, Registered Users 2 Posts: 6,763 ✭✭✭hometruths


    The RTE report and SF comment relate to new build sales transactions. That was kind of the point being made.

    The data you're referencing in the reddit post to refute this point is all residential transactions, i.e including second hand sales.



  • Registered Users, Registered Users 2 Posts: 9,301 ✭✭✭Ray Palmer


    You are more bothered about being a "winner" than listening. I will be living my best life with a very healthy income right through my retirement while you will be still complaining about the government. Your kids will be paying multi-nationals huge rent and never own a property. It won't matter that you think you won an argument you never understood while you struggle with the cost living. You still don't understand what losing long term landlords means and will lose in real terms.



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  • Registered Users, Registered Users 2 Posts: 2,457 ✭✭✭Rocket_GD


    No I'm more bothered by using actual data to back up the reality.

    The petty attempt at digs is just quite sad, shouldn't be getting personal with people just because they have proved you to be wrong.



  • Registered Users, Registered Users 2, Paid Member Posts: 37,024 ✭✭✭✭o1s1n
    Master of the Universe


    I am 100% aware of this. However, where does it say 'new builds' in the headline or the description on RTE?

    The headline literally says '79% of PRIVATE HOMES sold in Dublin last year were BOUGHT BY LANDLORDS'. - this is the statement and claim being reported.

    Which then people are freaking out about as, I don't know about you, but lots of folks don't really have time to be listening through radio broadcasts and assume the summary contains all the details pertinent to the story.

    In this case, they really left out a fairly fecking big piece of it.

    image.png


  • Registered Users, Registered Users 2 Posts: 9,301 ✭✭✭Ray Palmer


    You are a massive hypocrite because you are being extremely petty.

    I am not the only one pointing out the figures are skewed and don't show the details. Number goes up does not mean better or that landlords didn't leave. As I said wait till the policy of owning 5 properties comes in and you will see the number of landlords jump, just wait

    https://www.rte.ie/news/analysis-and-comment/2025/0301/1499591-property-landlords-rental/



  • Registered Users, Registered Users 2 Posts: 2,457 ✭✭✭Rocket_GD


    Fairly common these days for headlines to be hyperbolic and not tell the full story. Happens across the board unfortunately from red top rags to RTÉ.



  • Registered Users, Registered Users 2, Paid Member Posts: 37,024 ✭✭✭✭o1s1n
    Master of the Universe


    Ah man, there's hyperbolic headlines and then there's the national broadcaster making it look like 4 out of 5 private house sales are to landlords during a housing crisis.



  • Registered Users, Registered Users 2 Posts: 2,457 ✭✭✭Rocket_GD


    you are being extremely petty.

    From a poster who seemed to get some glee in making assumptions about my non existent children paying large rents, never owning property and myself apparently struggling with a cost of living crisis? Yes I'm the petty one.

    If you can't debate without getting personal, that's something you may need to address.



  • Registered Users, Registered Users 2 Posts: 2,457 ✭✭✭Rocket_GD


    It's got people engaging and as bad as it is that's what they want.

    I completely agree that a national broadcaster should be above this style of journalism but apparently they're not at times.



  • Registered Users, Subscribers, Registered Users 2 Posts: 6,763 ✭✭✭hometruths


    Media outlets use clickbaity sensationalist headlines and people freak out about stuff without bothering to listen to or read the stuff they freak out about and bears **** in the woods.

    Pretty amazing though that people who don't have enough time to listen to the broadcast, have enough time to dig out data from the CSO and post it on reddit and argue about it on boards to try to disprove the point that they didn't have time to listen to being made in the first place.

    But all this takes back to square one - landlords are net buyers in the market, the panic over landlords fleeing the market is nonsense and should be called out for what it is.



  • Registered Users, Registered Users 2 Posts: 9,301 ✭✭✭Ray Palmer




  • Registered Users, Subscribers, Registered Users 2 Posts: 6,763 ✭✭✭hometruths


    So the question in the headline of article you linked is answered categorically in the article you linked.

    Is it true the number of landlords is falling?

    It is clear the overall number of landlords does not appear to be in decline.

    This is what I and other posters here have been trying to point out to you and you are linking articles that totally contradict your claims. It it is a bit bizarre.



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  • Registered Users, Registered Users 2 Posts: 9,301 ✭✭✭Ray Palmer


    Go back and read what I said because you clearly never understood. I didn't deny the number of landlords has increased ever. It doesn't mean what you claim it means and you can still have 40000 landlords leave the market in 5 years, be replaced and more join but you still have less people housed and/or pay higher rent with less choice. That is a bad thing.

    The plain count of the figure doesn't show that which is pretty much all I ever said and the response has been MORE means MORE. No adjustment for the increase in properties overall making it even less informative. If you don't understand that it is your issue not mine



  • Registered Users, Subscribers, Registered Users 2 Posts: 6,763 ✭✭✭hometruths


    Ok fair enough, we are not arguing about whether or not LLs are leaving the market at an unsustainable pace.

    I do understand the point you're trying to make that is possible to have more LLs, and more tenancies, but have less people housed, I just haven't seen any evidence of it, so I'm a bit skeptical of it to say the least.

    As I said earlier:

    You may be right that the stock leaving the market can accommodate more than the stock being added to the market, but the only evidence you're offering for this is anecdotal. My equally valid anecdotal evidence would suggest it is unlikely.



  • Registered Users, Registered Users 2 Posts: 9,301 ✭✭✭Ray Palmer


    I never argued any other point than the figures are massively skewed and without context don't tell the picture. I made the point there was no trying about it. Others including yourself would not acknowledge this and you are not really acknowledging that now either by suggesting I am "trying" to make a point. I illustrated and showed how the figure do not mean what was being claimed or at the very least how they can be used to mislead.

    Rocket there is trying to claim he won an argument that he never understood.

    I certainly pointed out the reason why previous rentals are leaving areas and not being replaced and you should at least understand the economics of that and how it won't show in those figure. That is more than anecdotal. You can choose to ignore my knowledge as there is no capturing of the data but you can understand the economics of it and how the figures will never show it. Don't forget in the 00s there were a lot of people buying houses off the plans to flip them on completion and you can be sure some of these new landlords are planning on flipping them in a short period (in terms of renting) and there won't be figures on that either. Figures are tool not reality



  • Registered Users, Subscribers, Registered Users 2 Posts: 6,763 ✭✭✭hometruths


    You've outlined a potential hypothetical scenario of what might be happening, and used personal anecdotes to illustrate your reasoning.

    Nothing wrong with that, but you can't demand that everybody accepts this as gospel truth on the basis of nothing more than your experience and anecdotes.

    Surely you can see that?



  • Registered Users, Registered Users 2 Posts: 9,301 ✭✭✭Ray Palmer


    I just said you can ignore it. The difference here is I explained the logic of why things are happening a particular way. I am not saying you have to believe the narrative but understand the logic. The doggedly going on about a figure that does not tell the reality or why things are happening the way they are.

    The rental market has radically changed my experience out ways many figures as it was never recorded. When I explain what happens now with a rental that is sold now compared to the past you can't say this is in the figure.

    Surely you can see the difference?



  • Registered Users, Registered Users 2 Posts: 3,400 ✭✭✭Blut2


    Resorting to angry personal attacks when you don't like the data proving you wrong in an online argument would suggest you aren't living much of a "best life".

    Perhaps best to take a step back, do some reading on the Irish housing market, and look at the statistics to educate yourself so you don't get so wound up making factually incorrect claims on the internet in the future, and then relax.



  • Registered Users, Registered Users 2, Paid Member Posts: 20,756 ✭✭✭✭Bass Reeves


    Most LL entering the market are concentrating on one and two bed apartments or two bed houses preferably ones not previously rented or new ones. Very large older houses are leaving the markets as revamping costs are excessive a few have returned to being private homes. Many are still empty after the bedsits legislation fiasco of the noughties or converted to commercial offices.

    Here is another headline to try to create panic. It's to do with property tax and a possible increase.

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 5,464 ✭✭✭BlueSkyDreams


    If 80% of 9,000 purchased homes in Dublin during 2024 were bought by landlords and not by owner occupiers, how many of those 9,000 were purchased by the state?

    Local councils, AHBs or similar.



  • Registered Users, Registered Users 2 Posts: 4,970 ✭✭✭Villa05


    Limerick City rents have doubled in 5 years and are now comparable with Dublin rents (todays daft rental report)

    The LDA owns vast tracts of green and brownfield sites in the city and have been sitting on it for years. Much of the city is derelict and functioning office space is scheduled for demolition.

    The FFG administration are a far greater threat to Irish economy than the Trump administration. Has it ever been thus to borrow another posters phrase



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  • Registered Users, Registered Users 2 Posts: 313 ✭✭SpoonyMcSpoon


    A property crash would be most welcome where rents and house prices keep accelerating far beyond inflation while supply dries up. FFG cannot run the country and voters are clueless on who to elect to run the country. So much wasted tax the last 15 years.



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