Rental Costs - Unreal!!


#1046

And no end in sight to the rises

Rents hits record-high as it’s now €274 more per month than Celtic Tiger peak
Rent has soared by €200 in some parts of Dublin in just a year
independent.ie/business/per … 25104.html


#1047

I thought Simon Coveney had solved this and our homeless problem like he promised back in July 2016, silly me.


#1048

Well done Fine Gael, the great man himself looks on with envy


#1049

UK’s Irish World

and further [*Irish government unveils its cunning plan for housing * (https://www.theirishworld.com/irish-government-unveils-cunning-housing-plan/)


#1050

Median monthly rental on a Dublin 1-bed apartment on Daft.ie is at a new high, and now up 50% in the three short years I’ve been tracking it. The average rent on the same apartment is up 70%.

i.imgur.com/ONSbbJR.png?1


#1051

TheJournal - Landlords and agencies have started asking people for viewing fees
** You’ve been invited to view the rental property this afternoon – that’s a €500 fee please.**


#1052

Rent paid to private landlords:
1997 €163m
2017 €3bn
https://i.imgur.com/DOEhD82.png?1


#1053

The above is known as: **“Transfer of wealth”.
**


#1054

Exactly as intended by landlord class in FG/FF


#1055

Do accommodation costs not usually account for 30% of income? Anybody got an international comparison.


#1056

^^

An old one

Source: oecd.org/els/family/HC1-2-H … income.pdf


#1057

Super high mortgage rates, property prices and rents - yet we are mid table?


#1058

Threshold caught making stuff up to suit their agenda :slight_smile:

irishtimes.com/news/social- … 5?mode=amp

All the same it was a good headline.


#1059

It’s the underlined part that’s of grave concern.


#1060

The Labour party are actually drafting legislation on the back of that false claim!


#1061

Or maybe it is the disportionate high level of disposal income in Ireland?

This in turn might explain why the government needs to takes 40% of the purchase price of a new house in taxes.


#1062

Needs :question:


#1063

Hey buying votes ain’t cheap, you need a lot of inputs to your slush fund.


#1064

The FT gives some interesting background on housing in Britain, following the formation of a London Renters Union (which seems to be a website for a small bunch of protesters.)
londonrentersunion.org/

I’m astonished by the graph on housing completions - in the early 70s, over 400,000 dwellings a year were completed in Britain and about half were local authority. By the early 90s, the local authorities were virtually out of the game and completions fell below 200,000 p.a. . You won’t believe what happened next! :nin

Are we doomed to a pale imitation of every British failure?
ft.com/content/3e00c2b6-c19 … 197280d3f7


#1065

This is obviously in the USA but there are so many similar themes running across ‘western’ countries for the past 20 years

bbc.com/news/world-us-canada-46157667

Plenty of millenials with issues renting in any so called wealthy country