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

Of the 1731 new homes that were delivered since January this year, how many have been state purchased

Where are you getting 1731 new homes delivered, I can't see it in the RTE piece

Do we know at what point the forward order book turns into a sale. Would it not be included in total sales?

God loves a tryer

This is how to do things

The two units will be used for demonstration purposes in the city centre park, with feedback from the public used to inform how additional modular homes will be rolled out in Limerick.

As part of his successful election campaign, Mayor Moran had pledged to bring through the so-called Smart homes

Great thought went into those uniforms. They pay homage to there cowboy origins as they morph into blueshirts. The Teflon has been completely banished sending a message to there former fallen leader

Home construction activity falls again in August for the 4th month in a row, with the pace of decline increasing. The more homes the state pre funds/purchase, the less output from the developers.

Why would you build for private buyers when the state is offering a far better package with private buyers taxes

Astonishing state of affairs!

Farmer meets Finance Bro.

Thats a sharp farmer. Fair play, if only we had some people in the LDA/State with similiar sense - not the first time we've heard of that type of story either.

Lots of people are restricted by RPZ and can't get market rates. Average doesn't mean anything to a landlord getting paid way less. Generally the government are 50% of the rental income for private rentals

Even if you pay income tax on rental proceeds at 52%, it is hard to see how you wouldnt be making at least 3% yield, before accounting for house price increases to boot.

There is plenty of easy money to be made. Much more too if your run it through your pension.

If you have to buy a place to rent out the last 5 or so years, it would be tough to be making a decent yield as a small investor given the way prices have been going. I assume.

Scrap RPZs

We had no RPZs a few years ago and the landlords were raising rents by up to 30%, a return to that lawlessness can't be allowed to take place

Give individual or smaller landlords the same tax advantage (as bigger ones)

Small landlords can offset their tax with pension contributions and have a social security net because of the taxation they pay.

Make it very easy to kick out tenants

Kick out a tenant that refuses to pay a higher rent because, like many tenants, they can't afford it.

Without increasing supply, doing any of the above will make homes that are currently on the market or on the market in future more expensive again and you will only roll around with the same problems as before and probably increase homelessness to a large degree

If you have a self administered pension fund you can buy rental investment property through that, and all the rent received is tax free since it goes straight to your pension fund.

I am surprised you are not aware of this, to be frank.

I think you need to consult an accountant on this. I am not giving you personal pension advice on boards.

The general advice for would-be small landlords is to buy the property through your pension, and have the rent pay into the pot and be tax exempt (you do need to apply to revenue for this exemption from rental income tax, but it is routinely granted).

With this approach your rental yield could be 5/6%. Maybe more depending on prices. And your pension also benefits from the capital gains on the house.

No, bad advice would be investing in a BTL and paying 52% tax on rental income for a ~3% yield.

IF you're going to do it, do it through a pension fund for the tax relief.

In a SSAP you do own the property, and can sell at any stage. You just cant live in the property yourself, or let your uncles wifes son live in it for free.

but if having use of the property for relatives is your motivation, then you shouldn't be a landlord in the first place.