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25-10-2018, 11:18   #31
mille100piedi
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I honestly don't have idea how much money landlords could earn with airbnb. Taxes are more than 50% most of the time and there is more maintenance to do
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25-10-2018, 11:22   #32
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13.5% VAT is one of the lowest total tax takes on hotels in the world. 20%+ sales tax and a city night tax is normal elsewhere.
Ok fair enough, I'm not denying the housing crisis. I'm just thinking of the tourism. I do agree that Air BnB more or less control rental markets in the larger cities they operate in. Its certainty not an easy fix, and I hope this is a step in the right direction.
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25-10-2018, 11:24   #33
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Ok fair enough, I'm not denying the housing crisis. I'm just thinking of the tourism. I do agree that Air BnB more or less control rental markets in the larger cities they operate in. Its certainty not an easy fix, and I hope this is a step in the right direction.
The few thousand hotel rooms coming on stream will assist with tourism. Dublin is an expensive destination anyway (with the possible exception of public transport), broke tourists aren't going to be able to do much or contribute to the economy anyway.

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Unfortunately I don't think they'd be rentals.
If they go for sale and are bought by someone renting, that property becomes vacant.

Every single movement in housing units has knock-on effects. Student accomodation is often reviled as 'not providing housing for families' but it reduces the number of family homes being rented as house-shares to 4 or 5 students, returning them for sale or rental.
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25-10-2018, 11:26   #34
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Where to next for the government. LL cant choose tenants, cant raise rent over a certain level, pay high taxes (not treated like other businesses), reduced rights with regard to getting properties back, short term let. Can the barrel be scraped any more for pointless ideas by this government ?
With so many thousands living in hotels etc., it’s long overdue. AirBnB is grand if used to let your spare room or even do a house swop. However the number of whole homes being let is ridiculous in the current climate. Take back these homes for the homeless, I say.
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25-10-2018, 11:29   #35
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25-10-2018, 11:32   #36
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I don't really understand these proposals. Many students come to Dublin in summer months for 1-3 months as a working holiday. Will it be hard now to let to this category of renter outside the rent a room scheme?
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25-10-2018, 11:35   #37
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Realistically all that is happening is enforcement of pre-existing, long standing planning regulations.
Planning regulations that were not being enforced. The question is will the regulations be enforced by the Plannning Authorities to clamp down on what were unauthorised developments i.e. developments that had permission for domestic not business use. I'm sure neighbours are not enthused by the daily comings and goings of tourists and short term business stayers. There are household insurance issues here as well. If you had a fire in your property anfdi t was bring let on air b nb or whatever but was insured as domestic Im sure your insurers would look for 'an out'.
I have sympathy for landlords where tenants are not paying rent where there is a valid/legal lease.
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25-10-2018, 11:39   #38
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So properties coming back from Airbnb will definitely lead to more availability, but at what cost ??
If the property hasn’t been rented in say 3-4 years isn’t it considered new to the market and so the 4% cap will only apply to subsequent increases not the initial rent set ?? Maybe I missed something there.
But to be on full time rent I’d guess the income will need to be substantially higher than the Airbnb income due to risk, depreciation etc. Thus while the property is back, rents go up.
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25-10-2018, 11:50   #39
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The largest Air bnb host in Barcelona has potential daily rental income at peak season of over 37,000 Euro. They own over 200 flats. The whole holiday rental market has to be regulated, not just because it affects residential rentals but because it affects how communities function, the quality of life of residents and potentially even what amenities are needed.
Sorry it doesn't. Regulation adds to costs and someone real pays a higher price for regulation. It is quite likely all parties pay a higher price down the line landlord, renter and tourist. BTW why is having a daily income of 37,00 relevant?

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25-10-2018, 11:55   #40
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I don't really understand these proposals. Many students come to Dublin in summer months for 1-3 months as a working holiday. Will it be hard now to let to this category of renter outside the rent a room scheme?
Depends on how short term lets are defined really. If you have a place and rent it out for 9 months a year to Dublin college students and then 3 months to foreign students on a working holiday then I can't see this being a problem under proposed legislation.
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25-10-2018, 12:05   #41
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Is it going to be totally banned in high demand areas? I stayed in a lovely airbnb over the summer when attending Marley Park, it was a conversion out the back of the owners home. I totally understand LL using apartments etc as an airbnb is a massive issue but can't help feeling sorry for the people who are doing it as it was intended that will lose out because of this.
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25-10-2018, 12:10   #42
windmilllane
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Where will Airbnb restrictions apply

Is there anywhere I can find a list of places the restrictions apply to? I asking about Westport where my parents own an apartment
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25-10-2018, 12:11   #43
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Originally Posted by mille100piedi View Post
I honestly don't have idea how much money landlords could earn with airbnb. Taxes are more than 50% most of the time and there is more maintenance to do
Less maintenance to do in reality. The properties are less used than a long-term rental because by their nature it's for people who just need a base for a few days.
So you're not going to get someone who fills the fridge, sticks on the washing machine twice a day, uses the cooker for almost every meal, and spends their evenings with the fire lit, feet up on the couch watching the telly.

Tax is about the same as for rental income; less deductions you can make, but you can charge twice the price. Plus you can evict anyone with no notice.

It's undoubtedly a very attractive and effective way of making money. This is why it needs to constrained to prevent housing stock being removed from general use into holiday lettings.

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Is it going to be totally banned in high demand areas? I stayed in a lovely airbnb over the summer when attending Marley Park, it was a conversion out the back of the owners home. I totally understand LL using apartments etc as an airbnb is a massive issue but can't help feeling sorry for the people who are doing it as it was intended that will lose out because of this.
People using AirBnB as it was intended will be functionally unaffected by this.
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25-10-2018, 12:18   #44
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Is it going to be totally banned in high demand areas? I stayed in a lovely airbnb over the summer when attending Marley Park, it was a conversion out the back of the owners home. I totally understand LL using apartments etc as an airbnb is a massive issue but can't help feeling sorry for the people who are doing it as it was intended that will lose out because of this.
If anything, this legislation might help AirBnB get back to its precise, original purpose: to let folks share their spare rooms for outgoing travellers. They won't be affected by these new laws at all, and the service was never meant to be a loophole for enterprising owners to make a fast buck & effectively avoid regulation / taxation. The braying from those losing out seems like sour grapes having been found out.
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25-10-2018, 12:18   #45
Maryanne84
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Is there anywhere I can find a list of places the restrictions apply to? I asking about Westport where my parents own an apartment
Theres a lot about it here. https://www.thejournal.ie/explainer-...04640-Oct2018/
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