Being discussed on RTE Radio One. Roisin Shorthall got a bit skewered by question about whether higher deposits would be required to cover longer notice periods, and suggested that it can be addressed by tweaking existing regulations.
You cannot dismiss another poster like that, especially a long established poster, who is asking valid questions of the points you are making. He/she was not trolling and you had no right to call them such.
Very ignorant
The recently introduced rent legislation taught all private landlords a very good lesson - increase rents to the max at every available opportunity. The government will penalize you for giving individual tenants a deal.
Dublin values are in fact down 30% in ten years - very few private landlords entered the market in the last 5 years (ignoring the REITs - who now own almost 3% of the residential rental stock).
In fact many of the landlords exiting are sucking up large capital losses to get out of the market. There must be a reason why - maybe they just don’t like the tenants they have been subsidizing for years.
Any evidence to support that claim? At most, some of them have seen their capital losses reduced massively over the last five years and are getting out nursing their wounds. To try to dismiss the price appreciation as a factor would be silly. The statistics might be showing that the number of private landlords is falling but that’s actually a function of inflated prices blocking new entrants.
The reality is that prices are down 30% over the last 10 years. However your point that price appreciation in the last 5 years have have reduced their capital losses is perfectly valid.
Meanwhile, across the water they’ve found the answer…(and given that half of London’s rough sleepers are foreign nationals - it should all work out superbly.)
msn.com/en-ie/news/uknews/j … spartandhp The Labour Party has promised to provide 8,000 homes to solve the growing homelessness crisis in Britain if Jeremy Corbyn wins power. Appearing on the BBC’s Andrew Marr Show, the Labour leader said the scale of homelessness in the UK was “disgusting” and “wholly unnecessary”, and said he would fix the issue by* making a home available for every rough sleeper as soon as possible *if he wins the next election.
I would be quite happy if notice periods for landlords and tenants were increased to three months…providing that three months’ deposit in an escrow account became the industry standard. (This is normal in countries not far away).
You would hear howls of protest from many tenants about how it was unjust, discriminatory, who has that sort of money, etc.
The fact is that short notice periods suit a lot of tenants who are young and want to seek work elsewhere, have transitory lifestyles, are moving in or out of relationships and the like.
The legal framework should promote sensible minimums but also allow contractually stricter terms if desired by tenant and landlord. There are actually lots of tenants and landlords out there who would like longer-term leases but there is no way to set this up and enforce at present.