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03-11-2019, 18:10   #46
MicktheMan
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Originally Posted by pinksoir View Post
- You get evicted.
- You have legal action taken against you.
So not quite apples to apples comparison then
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03-11-2019, 18:17   #47
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Pfff - that's the point.

They can, so they do.

Crap rolls down hill.

That don't make it right.

My problem is - it's unjustifiably overpriced; effectively exploitation.

It's not right.
It's wrong.

Does the common man actually need laws in place to know it's not right to steal/rape/murder?

Is it as far gone as that?
No.
Is it on the same spectrum?
Exploitation for personal gain, for no other reason that, they can?

Resoundingly - yes.
This looks and reads like a poem. Is this a modern take on a Haiku?

*turns on jazz and reads aloud*
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03-11-2019, 18:33   #48
pinksoir
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I’m not sure why you are comparing rents in 2 different markets. Living in Berlin, you know home ownership is extremely low and since the fall of the Berlin Wall, rents in the city are of extremely low by German standards. If you go further East, you would probably get an even bigger apartment for the same price.

https://www.google.ie/amp/s/amp.theg...ar-rent-freeze

One of the expected knock on effects is that it will put off investment by developers, reducing supply and raising rents in the long term, sound familiar?
Yes Berlin is cheap by German standards, and yes home ownership is low here. But we're talking about a box in Sligo here. No way, in any world, is that worth 700 quid. What percentage of an average person's salary in Sligo is that? It's crazy.

It's not just two markets, it's two philosophies on housing. Maybe there's something to be learned.

There's other measures in place to keep rent prices in line in Berlin too (e.g., if your LL is charging over the odds compared to similar properties you are entitled to be paid back the excess and for the rent to be dropped accordingly). But over the last few years prices have been creeping up steadily and the people were up in arms and pressured the gov into doing something.

Rents are cheaper here partly because salaries are lower. The rule that LLs adhere to is that rent is max 30% of net household income. So if rents spiral no one will be able to afford to live here. Something had to be done.

Will freezing rents have knock on effects? Probably. But theres a lot of money to be made here long term on rental income. Maybe the types of investors that want to make a quick buck aren't the type we want in control of our housing stock.
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03-11-2019, 18:34   #49
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I thought 'large' meant a thousand.
Seven large means seven thousand, doesn't it?
Yes.
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03-11-2019, 18:36   #50
Technocentral
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Originally Posted by Dav010
I’m not sure why you are comparing rents in 2 different markets. Living in Berlin, you know home ownership is extremely low and since the fall of the Berlin Wall, rents in the city are of extremely low by German standards. If you go further East, you would probably get an even bigger apartment for the same price.

Plus Germans aren't a bunch of greedy bastards like the Irish.
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03-11-2019, 18:43   #51
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So not quite apples to apples comparison then
But there are extremely strong tenant rights in Berlin, it's very much in favour of the tenant in general. Eviction isn't immediate also, can take up to 6 months and must go through the courts. Costly.

Damage comes out if your deposit. Damage beyond deposit amount can be reclaimed through legal action. Again, costly.

My brother is a LL in Dublin btw, so I know how much if a PITA it is.
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03-11-2019, 18:47   #52
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The point is - this place was going for under 500 just two short years ago.
Due to RPZ rules, you have to bump it up by 4% every year, as you're not allowed to bump it up suddenly when a tenant leaves.

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Other landlords are charging similar rates again, cause there's a shortage.
And feel entitled/justified in doing so?

....

Shoot them out of a cannon - give them a little perspective on life.
So you want LL's to sell it, so that there's less places to rent?
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03-11-2019, 18:51   #53
Dav010
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Yes Berlin is cheap by German standards, and yes home ownership is low here. But we're talking about a box in Sligo here. No way, in any world, is that worth 700 quid. What percentage of an average person's salary in Sligo is that? It's crazy.

It's not just two markets, it's two philosophies on housing. Maybe there's something to be learned.

There's other measures in place to keep rent prices in line in Berlin too (e.g., if your LL is charging over the odds compared to similar properties you are entitled to be paid back the excess and for the rent to be dropped accordingly). But over the last few years prices have been creeping up steadily and the people were up in arms and pressured the gov into doing something.

Rents are cheaper here partly because salaries are lower. The rule that LLs adhere to is that rent is max 30% of net household income. So if rents spiral no one will be able to afford to live here. Something had to be done.

Will freezing rents have knock on effects? Probably. But theres a lot of money to be made here long term on rental income. Maybe the types of investors that want to make a quick buck aren't the type we want in control of our housing stock.
Value is subjective and dependent on local markets. I mention going further East, in some of the Eastern Bloc countries, what you are paying may seem a rip off, different economies, different markets.

Home ownership is Berlin is approx 15%, large property companies own huge proportions of the rental properties and as such have been able to double rents in recent years, all problems similar to here.

That “box” as you call it may be a reasonable size for a single bed apartment and in the market where it is located, seems reasonable value.

Average wage here is €38k per year, this apartment would be 21% of that. Of course if you base that on net income, all LLs would look for high earners rather than an average wage.


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Plus Germans aren't a bunch of greedy bastards like the Irish.
History would say otherwise.

Last edited by Dav010; 03-11-2019 at 18:54.
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03-11-2019, 18:53   #54
Samuel T. Cogley
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But there are extremely strong tenant rights in Berlin, it's very much in favour of the tenant in general. Eviction isn't immediate also, can take up to 6 months and must go through the courts. Costly.
Where as in Ireland we have the same process but it takes anywhere up to 24 months with no prospect of recovering the costs.

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Damage comes out if your deposit. Damage beyond deposit amount can be reclaimed through legal action. Again, costly.
I was under the impression that in Germany all you got was a shell.

Edit: Berlin's rental freeze doesn't apply to new property, large REITs are driving prices in Dublin, asking prices have become decoupled from what people are actually paying, who aren't renting the top of the top end.

Last edited by Samuel T. Cogley; 03-11-2019 at 18:56.
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03-11-2019, 18:55   #55
Technocentral
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History would say otherwise.

Nonsense, Germany is much more of a civic minded society than Ireland.
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03-11-2019, 18:56   #56
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OP, your trolling efforts are very sub par lately. Pick up your game ffs.
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03-11-2019, 18:58   #57
Dav010
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Where as in Ireland we have the same process but it takes anywhere up to 24 months with no prospect of recovering the costs.



I was under the impression that in Germany all you got was a shell.

Edit: Berlin's rental freeze doesn't apply to new property, large REITs are driving prices in Dublin, asking prices have become decoupled from what people are actually paying, who aren't renting the top of the top end.
I was in Berlin a couple of weeks ago, driving back to the airport through the student areas, I asked the taxi driver why there were so many derelict buildings, guess what he said, “ property too expensive, rents to low, so no building”

I knew I read that somewhere about new builds, I think it does not apply to anything built in the last 5 years but I’ll have to find the article.
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03-11-2019, 19:00   #58
Samuel T. Cogley
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I was in Berlin a couple of weeks ago, driving back to the airport through the student areas, I asked the taxi driver why there were so many derelict buildings, guess what he said, “ property too expensive, rents to low, so no building”

I knew I read that somewhere about new builds, I think it does not apply to anything built in the last 5 years but I’ll have to find the article.

5 years is also my understanding. They're basically allowing large REITs to come in and do what they're doing in Dublin.
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03-11-2019, 19:06   #59
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I tend to agree with OP. Its a shoebox and people make it out as if 680 was nothing.

Yes its 'the market' and all that. But if such is the market that this is deemed 'grand' and 'normal' then there is a problem.
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03-11-2019, 19:14   #60
Fritzbox
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I was in Berlin a couple of weeks ago, driving back to the airport through the student areas, I asked the taxi driver why there were so many derelict buildings, guess what he said, “ property too expensive, rents to low, so no building”

I knew I read that somewhere about new builds, I think it does not apply to anything built in the last 5 years but I’ll have to find the article.

Population of Berlin has not increased by any significant amount since the Wall came down in 1989. I wouldn't be surprised if the population of Dublin has increased by 50% in the same period - much more pressure on housing.
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