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Hi all, please see this major site announcement: https://www.boards.ie/discussion/2058427594/boards-ie-2026

Landlords selling 2026

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Comments

  • Registered Users, Registered Users 2, Paid Member Posts: 22,093 ✭✭✭✭Bass Reeves




  • Registered Users, Registered Users 2 Posts: 4,217 ✭✭✭spaceHopper


    What kind of fool would hand over a 200 to 500,000 euro asset to somebody they don't know with a 3000 euro deposit and a promise of rent every month, knowing that if they stop paying it will take 2 to 3 years and a lot of expense to recover your asset and you'll never see a penny from them. Now we have a minister who clearly things that's OK



  • Registered Users, Registered Users 2 Posts: 5,046 ✭✭✭Villa05


    Why does a system allow a person to purchase a scarce asset, where scarcity significantly damages the economy, and allow them to remove that scarce asset from the economy

    You can't maintain a dysfunctional market without stupidity prevalent on both sides



  • Registered Users, Registered Users 2 Posts: 1,432 ✭✭✭Iscreamkone


    We now have a scarcity of rental properties available. The government has brought in rules that will increase this scarcity even further. Basic economics says that this will cause rents to increase.

    I know one landlord who is keeping a property empty for the next 12 months until rents go through the roof (even further) or he decides to sell up. This government is causing a scarcity of rental properties plus huge rent increases. This will hurt all areas of our economy.



  • Registered Users, Registered Users 2 Posts: 5,046 ✭✭✭Villa05


    I could see that scarcity coming in 2013/2014, hence the main factor in purchasing my ppr

    The government rewards those that leave there properties empty

    I suspect far more landlords than tenants voted for this government.



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  • Registered Users, Registered Users 2 Posts: 16,972 ✭✭✭✭Flinty997


    Really? There's more tenants than landlords. The tenants will out vote landlords everytime.



  • Registered Users, Registered Users 2 Posts: 1,432 ✭✭✭Iscreamkone


    This government is not landlord friendly - but the left would be a nightmare for both landlords and tenants



  • Registered Users, Registered Users 2 Posts: 324 ✭✭MadeInKerry


    I cant keep up with this debacle at all.

    This government keep implementing SF policies. SF shout about them. Then the govt implement them, pretending they are their own. Then SF stand up and complain about the very thing they were asking for before..



  • Registered Users, Registered Users 2 Posts: 5,046 ✭✭✭Villa05


    You are describing the current housing situation



  • Registered Users, Registered Users 2 Posts: 324 ✭✭MadeInKerry


    A deal has been done. The council have been on to the tenants and have agreed to help some of them buy the houses. Some others are on hap or similar and the council are going to buy those properties outright so they can stay. The landlord has agreed to this with the council as long as the timescale is less than 2 years and the council guarantee the rents are paid in full until the time each property is bought. Good deal for everyone I think.



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  • Registered Users, Registered Users 2 Posts: 1,432 ✭✭✭Iscreamkone


    Do you think the left would make things better? For landlords? Tenants? Both?



  • Registered Users, Registered Users 2 Posts: 5,046 ✭✭✭Villa05


    Think of the incentives that are there now, make sure there is a ring doorbell installed when your handing out eviction notices.

    The bank bailout of the noughties will prove to be a bargain compared to the costs the government are incurring in this bubble



  • Registered Users, Registered Users 2 Posts: 1,589 ✭✭✭Emblematic


    Looks like it was a case of the landlord not knowing that the new rules only apply to new tenancies and not existing ones. Sorted now.



  • Registered Users, Registered Users 2 Posts: 1,923 ✭✭✭ballyharpat


    Are you assuming? presuming? complete guessing? as there is a different story going around. Also, the landlord and the video of their spokesperson said that they were issuing them as a safety measure, they showed that there was a strong possibility they would not follow through.

    Ive done similar in one of my properties on two occasions, when my tenants were not following through on their obligations. I did not want to evict them, but at the low rent they are paying, I did not want the headaches as a result of their actions.



  • Registered Users, Registered Users 2 Posts: 1,589 ✭✭✭Emblematic


    I think if the guy who the landlord employ to go round to talk to the the tenants knew that the new rules only applied to new tenancies he would have said so. Could have put a lot of minds at rest.



  • Registered Users, Registered Users 2 Posts: 1,923 ✭✭✭ballyharpat


    He says that maybe they wont be following through, that the final decision would be made in maybe 10 days. Honestly, can you blame them? they had no idea what was coming down the line. I had two properties stuck at minimal rent for 11 years, one at 50% and one 55% of market rate, The council coming along telling me the 'improvements' I needed to implement, amounting to over 16k, were the straw that broke the camels back. They received their notice, and the council are left finding them a place to live. If I knew then, what I know now, I'd have given large increases, and/or eviction notices to these before the announcements. The landlords on this occasion have rescinded the letters. If the government stopped messing about, it would put a lot of minds at ease. I was very close to selling one of my properties.



  • Registered Users, Registered Users 2 Posts: 2,467 ✭✭✭mrslancaster


    Because citizens have a right to own private property. There’s no law that restricts a citizen to owning one property or one motor vehicle or to go on one holiday - one of anything for that matter. Our system allows citizens to spend their own money on whatever they like even if others don’t agree with their choices.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,093 ✭✭✭✭Bass Reeves


    You could make the same case as to why a person can have a holiday home, why the wealty have houses the size of small hotels, why an older people lives in larger houses. Maybe the LA will start moving older people from 3 bed houses to one and two bed units.

    On your assumption nobody ir entity would be allowed to buy houses and rent them. The reson people consider leaving houses vacant is because the present rules and regulations are crazy and distort the market

    Slava Ukrainii



  • Registered Users, Registered Users 2, Paid Member Posts: 22,093 ✭✭✭✭Bass Reeves


    I do not think it was that. The RTB"s information days were only happening around then.. With a significant number of propertiesthere was serious implications so they probably took the option of termination notices to consider the implications from the information days.

    As well I say he was caught by the sale of multiple properties and would have to sell withbtenants i situ as the num er was greater than 10.

    However this mess is far from over. As tenants exit over next few year the attraction of market rente .ay not be enough to counterbalance the tenancy of indefinite duration

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 324 ✭✭MadeInKerry


    I dont think they can afford to do this for every eviction coming. I know though that this landlord had this plan all along. Get in first and get the deal done before the torrent hits.



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  • Registered Users, Registered Users 2 Posts: 324 ✭✭MadeInKerry


    Or even why my cousin has a 3 bed council house, as do each of her long grown up children even though 1 of them has 2 children and the other two have 1 child each. So thats 12 bedrooms for 7 people.



  • Registered Users, Registered Users 2 Posts: 1,589 ✭✭✭Emblematic


    Yes, he may have been caught by the fact that he was evicting more than 10 in one fell swoop, and he should have known this too.

    But nevertheless, the guy he sent around did fail to mention that the new rules did not apply to existing tenants as he should have, and he was caught on camera in this failure. Possibly, he was trying to manipulate the tenants to approach the media and complain about the new regulations on behalf of the landlord "look, we're being made homeless because of these new laws!", and this would not have worked had they known.



  • Registered Users, Registered Users 2 Posts: 5,046 ✭✭✭Villa05


    Never underestimate the damage a fool can do with a blank cheque book, a nations hard earned taxes and huge credit line

    Always have an escape plan



  • Registered Users, Registered Users 2 Posts: 1,923 ✭✭✭ballyharpat


    NO personal disrespect, but you have made- assumptions in every reply you have put up. We have the facts that were given in the video, unless some new 'factual' information comes up, how can anyone, or why would anyone respond- in any way to completely hypothetical situations.

    MAybe yes, maybe no? It's difficult enought to have a discussion based on factual information in a forum, but throwing in 'what if's' , 'coulda shoulda woulda', makes it impossible and throws any discussion completely off-topic and makes those statements irrelevant.



  • Registered Users, Registered Users 2 Posts: 1,589 ✭✭✭Emblematic


    Thank you. I would admit there are assumptions (IMO, reasonable ones) in my posts. However the idea that the evictions are caused by the recently introduced rules is also an assumption. The doorbell video kind of backs this up. Yes, the landlord does not like the new rules, but these only apply to new tenancies. Nothing in the new rules affects the profitability or viability of existing tenancies.

    The only reasonable conclusion, therefore, is that he was trying to get his tenants involved in his dispute with the government. Tenants don't want to be evicted so they will join with their landlord in opposing the rules in the media. If you remember, the agent said that it all depends on how the debate goes. It helps that the agent sent round did not mention that the rules did not apply to existing tenancies, and the guy answering the door didn't seem to know this either.

    I fully support the landlord's right to oppose rules that effect them, even though I might disagree, but a more honourable approach by the landlord would have been to tell tenants that while he doesn't agree with with the new rules and is campaigning against them in the media, they themselves are safe as they are existing tenancies and are therefore not affected.



  • Registered Users, Registered Users 2 Posts: 3,664 ✭✭✭Fol20


    what you fail to realise is the new rules directly effect their tenancies. Up until now. Rpz were always “temporary”. Landlords were hopeful that they would change the laws so that viability would improve. The government basically changed the nature of the existing laws from temporary to permanent and the new rules would be for new registrations. The old Rpz rules are awful(there is a reason we have nearly 30pc less total rentals in the past 10 years) and basically mean all existing tenancies are non viable if well under market rate and don’t have a hope of ever getting them to market rate if the tenant stays put.



  • Registered Users, Registered Users 2 Posts: 16,972 ✭✭✭✭Flinty997


    It's not a discussion if someone refuses to see the bigger picture. Pointless in debating with them.

    Very similar to why LL are leaving. No one's listening to them. Best to vote with your wallet walk away and leave the market to implode.



  • Registered Users, Registered Users 2 Posts: 2,467 ✭✭✭mrslancaster


    Nothing in the new rules affects the profitability or viability of existing tenancies.”


    The only person/s who knows that are the property owners.

    Maybe they’re not profitable, maybe the owners want to exit the rental market, maybe they have huge debts. Maybe they believed the blurb that rents could be re-set to market rates and then found that wasn’t true. Maybe they’re fed up trying to run a business where the rules keep changing. Maybe they’ve had enough being labelled evil, gougers, dodgy and blamed for every problem in the rental market.
    Any number of reasons they might want to sell.



  • Registered Users, Registered Users 2 Posts: 2,098 ✭✭✭PeadarCo


    A huge part of issue is that social housing and private rentals are seen as if not the same thing, at least being very similar. I.e. the only reason a person rents is because a person cannot afford to buy. If viewed through this prism it's reasonable enough to see landlords taking up a house a person could own, as has been articulated a few times on the thread. As landlords are therefore seen as land grabbers/asset grabbers there is no need to listen to them.

    But a private rental market is required, not everyone wants to buy for various reasons even if they afford to. People need accommodation for college or temporary work. Or even just simply some people particularly younger people may want to rent(with it's flexibility) for a few years between moving out of home/moving to a new town or city and buying. For all these people landlords provide an essential service. Something which isn't appreciated.

    Social housing is completely different and caters for those who can't afford to buy or even rent. It's a very different segment of the population with different needs.

    Unfortunately due to the housing shortage both have become intertwined to the detriment of everyone.



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  • Registered Users, Registered Users 2 Posts: 16,972 ✭✭✭✭Flinty997


    Govt outsourced and thus mixed social hiring into private housing. It's been a disaster since.

    I agree theres a cultural narrative here that needs to changed in Ireland. But theres no awareness in Govt of that. It's all short term vote grabbing and cronyism and corruption.



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