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09-07-2018, 07:14   #46
GGTrek
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REITs are required to pay out 90% of their income to shareholders, which are taxed at the top marginal tax rate for most.

The government get more out of every euro they make than they would a normal limited company.
Disagree. Most investors in REITs are pension funds (foreign ones as well) who get a very preferential tax treatment on distribution of dividends.
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09-07-2018, 07:21   #47
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They brought up some interesting points in the article...

.
What you posted are the wishes and submissions of IPOA. Nothing to do with the new proposed legislation which seems to be very anti-landlord again. The RTB directors debate gives a much better picture of the proposed changes.
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09-07-2018, 13:39   #48
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I found another good piece of info on Sinn Féin website:
http://www.sinnfein.ie/files/2018/HP..._Bill_2018.pdf
The general scheme of the current amendment bill proposal is still not out, but there are proposal there at page 4 that will absolutely kill the private rental market as we know it (it will go to how it was in the UK in the 70s, where there was almost no private rental market). The worst proposal is the introduction of indefinite tenancies, this is what I call expropriation. Selling looks like a good option at the moment.
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09-07-2018, 16:22   #49
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As soon as my tenants Part IV is up I'm taking my place off the market and using it as a crash pad for my family and I. It's in a great location.

Not worth the hassle after the Govt. takes their 54% cut.

Another unit off the market.
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12-07-2018, 10:34   #50
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Mike Allen from Focus Ireland was given an interview on morning Ireland about 5 to 9 this morning.

He's pushing for indefinite tenancies which will transfer when the house is sold as far as I can see. (moral and social obligations of landlords etc etc)

He wasn't asked why anyone would be encouraged to invest in a house to be a landlord if they can never ever get the house back.
Also admits thousands of empty houses countrywide.

https://www.rte.ie/news/ireland/2018...eless-ireland/
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12-07-2018, 14:14   #51
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More socialist nonsence
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13-07-2018, 12:10   #52
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https://www.rte.ie/news/ireland/2018/0713/978362-rtb/

What does the last paragraph mean, it seems like it contradicts itself.

“Overall tenancies are up with 340,000 tenancies. There has been a slight contraction of rental tenancies. “

How can be up and down at the same?
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13-07-2018, 12:15   #53
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https://www.rte.ie/news/ireland/2018/0713/978362-rtb/

What does the last paragraph mean, it seems like it contradicts itself.

“Overall tenancies are up with 340,000 tenancies. There has been a slight contraction of rental tenancies. “

How can be up and down at the same?
the overall number registered as up but that is because of the inclusion of a category of tenancy not previously registered. When allowance is made for that category, the number of registered tenancies actually fell. Given that enforcement activity continues, bringing in more registrations, the fall in the number of tenancies is all the greater. What part of "driving landlords out of the business, causes a fall in the number of tenancies, which in turn causes a rise in rents as well as facilitating a drop in standards" do these people not understand?
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13-07-2018, 14:28   #54
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Originally Posted by Fol20 View Post
https://www.rte.ie/news/ireland/2018/0713/978362-rtb/

What does the last paragraph mean, it seems like it contradicts itself.

“Overall tenancies are up with 340,000 tenancies. There has been a slight contraction of rental tenancies. “

How can be up and down at the same?
The RTB now has registrations for Approved Housing Bodies (AHBs) as well as Private Landlords. The number of Private Landlords and Private Tenancies has fallen, but an increase in AHB registrations means the overall level of RTB registrations has increased.

Dont be fooled - THE AHB stuff represents new registrations not new tenancies. No surprise to anyone looking for a rental property at the moment.
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13-07-2018, 22:03   #55
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The number of tenancy registrations increased increased by 4.3% from 2016 to 2017, however when the AHBs are removed the number of tenancy registrations fell by 2.1%.



The number of landlords fell by 0.7%, but keep in mind the number of landlords has increased by 75% from 2008.
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13-07-2018, 22:22   #56
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The number of tenancy registrations increased increased by 4.3% from 2016 to 2017, however when the AHBs are removed the number of tenancy registrations fell by 2.1%.



The number of landlords fell by 0.7%, but keep in mind the number of landlords has increased by 75% from 2008.
The amount of landlords doesn’t really matter as 70pc are owners of 1 property. The most important fact is the amount of rental properties. Does the stats indicate it has decreased?
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13-07-2018, 22:35   #57
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The amount of landlords doesn’t really matter as 70pc are owners of 1 property. The most important fact is the amount of rental properties. Does the stats indicate it has decreased?

The total number of registered tenancies at the end of 2017 was 339,447. This compares with 325,372 tenancies registered at the end of 2016. So the total number is up by 4.3%, but that increase is almost totally explained by AHB registrations (the deadline for them to register was in 2017.)



In real terms the number of private (i.e. non-AHB) tenancies fell from 319,822 to 313,002 a fall of just over 2%. This is the first fall in the numbers, which have been climbing ever year since 2010, but to be honest a 2% fall year-on-year doesn't mean a whole lot.
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14-07-2018, 10:55   #58
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Originally Posted by subrosa View Post
The total number of registered tenancies at the end of 2017 was 339,447. This compares with 325,372 tenancies registered at the end of 2016. So the total number is up by 4.3%, but that increase is almost totally explained by AHB registrations (the deadline for them to register was in 2017.)



In real terms the number of private (i.e. non-AHB) tenancies fell from 319,822 to 313,002 a fall of just over 2%. This is the first fall in the numbers, which have been climbing ever year since 2010, but to be honest a 2% fall year-on-year doesn't mean a whole lot.
It means a whole lot when it includes all the tenancies that were forced to register the previous year due to non compliance. Detecting lung compliance boosts the number of registered tenancies, but doesn't cause any increase in the supply. The reality is that the supply is contracting at a time when demand is rising.
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18-07-2018, 22:15   #59
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A little more legislation perhaps.

https://www.irishtimes.com/news/poli...uced-1.3569476

"Rent caps for purpose-built student accommodation to be introduced
Move sought by FF and SF comes after increases of as much as 15% in some areas"

Too much of it is being built anyway.
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18-07-2018, 22:22   #60
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Small amendment to the existing rules only. Student rentals stopped Maynooth being counted as an RPZ for half a year or so due to the inherently cyclic nature meaning that average rents usually went down at the start of Q3 every year.

The unique situation with student rentals even when in main-market houses means that June and December are still the cheapest months to start a lease in Maynooth - former student rentals being rented to the general market for June; in December it is landlords burnt by first year dropouts and coupling-up causing room sharing just giving up on the student market.
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