How are landlords getting away with this??

Dav010 wrote: »

You say you understand supply and demand, yet you don’t understand why an apartment in a large town here where there is no supply and high demand, costs the same as in a big city. That is an oxymoron.

The problem is that you are conflating my personal opinion and values about the costs of a property in a provincial Irish town, i.e., how I feel imperatively about it, with my understanding of market forces. You do realise that one can feel a certain way about current reality whilst also recognising the causes of that reality?

And one can also try to understand that there are other approaches to resource management that do not rely entirely upon the free market.

I understood why it cost a lot more for a lot less in New York and London, supply and demand. And in case you think it was primarily because they were in such amazing locations, so can assure you where I lived was not Manhattan nor Notting Hill.

As above, the free market can be regulated. Everywhere doesn't necessarily have to be like London or New York. Some places can be like... Berlin.

I didn’t suffer, I thoroughly enjoyed both places, I certainly strived for better though, as I suspect whoever rents that apartment in Sligo will.

Not you individually. Better for us as a society. Better for everyone. “A society grows great when old men plant trees in whose shade they know they shall never sit”.

'Planting trees? Sure what's in that for me?'

You left, your choice.

I love Ireland and miss my friends and family. The choice was to be broke paying insane rents or to flourish.

Jadiel Salty Bandana wrote: »

We're not selling underwear at your local street fair here.

This is keeping a roof over peoples heads.

It's one of the necessities of living.

If the powers that be advocate that mentality - then I refer back to my suggestion of shooting them out of a cannon.

You seem to have confused a state run social housing system with services offered by private land owners.

Your expectations and sense of entitlement are baffling. I have never heard such nonsense.

Good luck comrade!

Blaizes wrote: »

An apartment with only a microwave !

It says new kitchen.

Jadiel Salty Bandana wrote: »

.

Housing is a right - at least when you'e not living some despotic third world culdesac from hell.

Even if that were true, why would that be the problem of a private landlord?

Jadiel Salty Bandana wrote: »

Mate - I've shared all muh life up until 2 years ago.

I've lived with junkies, perverts, degenerates.
Hell there was even a hooker working upstairs at in one place.

We all have experience with it, from college days, to early working - before you met your wife - days.

This is probably one of the reasons why some people prefer to pay a little extra, get a place on their own, and avoid having to live with junkies, perverts, degenerates and hookers.

Each to their own, if you prefer to pay less and live with those type, good for you. If you don't want to pay for this place, cool too, jog on, someone will. If no one wants to pay this level, the price will drop before too long.

BarryD2 wrote: »

Agree with you to an extent, but that extent gets stretched when people who are making an effort to earn a living get caught in a trap of rising rents thus limiting their capacity to save and get their own mortgage. This represents a transfer of wealth to another sector of society that has the means to borrow and purchase buy to lets. This is divisive and creates resentment in society.

Put it this way, my generation was able to rent, save and getting a house to live in was manageable within our own resources. I look at our young adult children now, their outgoings on rent and just don't see how they can get sorted without financial assistance. Unless this is addressed, the inequity of this situation will eat away like acid at the core of societal cohesion.

People who are making an effort are being squeezed out by those who are not making an effort but are being housed because they shout the loudest.

A transfer of wealth is all what business is about, what people forget is that the risk of being a small one property landlord is very high. If the tenant stops paying rent you are in serious trouble. The tax rate for small landlords is prohibitively high and then you have the capital gains tax.

Yes previous generations were able to rent and save to buy, but this was in times when the population was smaller, the rental standards were lower. The Govt is playing to the populist vote of trying to house people but not via the state which is one of the reasons the small private landlords are leaving the market.

I agree with you that the current situation will eat away at society but there needs to be some equality and some harsh decisions made.

We can't all live where we want people who purchase and rent privately do so within their budgets. This principle should be extended to those in social housing if you want to live in particular areas then your rent should reflect that area and its amenities.

Also with the growth in population city's need to expand either outwards or upwards. While people say we need to expand upwards once suggested its close to them they object.

There does not seem to be any actual joined up thinking, just providing accommodation is not the answer, just dumping people in a property is not the answer you need schools, infrastructure etc.

The private rental market is a cash cow for the govt without any risk. A first step would be to offer tenants a tax credit towards there rent which could be used towards a deposit on a property.

Guy:Incognito wrote: »

Presumably if you were selling a product or providing a service to earn your money youd keep the price as low as possible?

No I would not. But at the same time I wouldn't be angling at the utmost I can get according to the market. I'd cover my costs and make a fair profit if the market allows it, but I think I'd actually feel a bit shabby to ask for 680 for this. Couldn't be much more than 25m^2. Thats kinda 'hungry'.

Edit: I know being landlord can be nightmare btw. I wouldn't fancy it myself. Not saying its the landlord at fault for this situation.

So you're saying its all out cut throat style? Any - for want of a better word - ethical consideration does not come into it? If the rent paid your cost/mortagage/whatever three times over you'd still keep turning the screw if the market gives that?

CalamariFritti wrote: »

So you're saying its all out cut throat style? Any - for want of a better word - ethical consideration does not come into it? If the rent paid your cost/mortagage/whatever three times over you'd still keep turning the screw if the market gives that?

Make hay while the sun shines.

Dav010 wrote: »

Maximising profits on an investment is not unethical or cut throat, this is an investment, not philanthropy.

This ignores the fact that housing isn't just like any other type of commodity. Renting out a place to live in for someone else is not quite the same as selling latte macchiatos. Housing is part of a functioning society and ownership has not just entitlement to profits but it also brings responsibilities I would have thought .

CalamariFritti wrote: »

I don’t know I’m not begrudging ownership nor am I against making profit. I just find some of the stuff I’m seeing excessive and wonder how people keep a straight face asking for such money for shoe box properties.

They usually say it’s not my fault. It’s the sytem its the market it’s the government etc. But at the end of the day it’s them asking for that crazy money.

It actually is the system, with all of the state interference landlords need to protect themselves because the state wont and has and will continue to introduce legislation that is more tenant focused and anti landlord.

What you need to be mindful of is that at the end of the day its a business transaction pure and simple. Landlords will charge what the market will bear. When the floor fell out of the rental market after the crash tenants could pick and choose accommodation. Tenants were not complaining about low rents then.

CalamariFritti wrote: »

They usually say it’s not my fault. It’s the sytem its the market it’s the government etc. But at the end of the day it’s them asking for that crazy money.

It's either ask for crazy money, or get fined for not accepting HAP.

Sligo is one of the cheapest place to rent in Ireland according to a piece in the Indo today coming 30th of 36 local authority areas with an average rent of 790e pm.