Rental Costs - Unreal!

The new annual cap will only operate when general inflation is higher than 2%.

At the start of this month, there were just 1,460 homes available to rent, according to Daft.

That is an all-time low, since the figures started to be collected back in January 2006.

This is what you get when you constantly tinker with the market. Would-be landlords are staying away

Dublin was the second-most expensive capital city in Europe behind London. It was followed by Luxembourg, Amsterdam, Stockholm and Copenhagen. The cheapest European capital was Sarajevo where average monthly rent was €262, requiring a net salary of €623.

Rents are rising at a rate of 6.8%, according to property website Daft.ie. In November, it said only 1,460 homes were available to rent, the lowest number since its quarterly reports began in 2006.

Casino Hall is rent a quote:

Housing campaigner David Hall, of the Irish Mortgage Holders Organisation, said the findings were ‘not surprising’. He said: ‘We have a major shortage of houses. We also have people competing with investment and cuckoo funds buying them and renting them out for profits.’

Describing the housing crisis as ‘the number one social challenge in Ireland’ aside from the pandemic, he said: ‘People are under immense pressure. A day doesn’t go by that I don’t have multiple calls from different individuals, politicians and people in the community looking to try to find somewhere to rent.

Yes, and these people under immense pressure also compete with those unwilling to pay for the mortgages they signed up to, don’t they Mr. Hall.

https://www.msn.com/en-ie/money/other/minister-for-housing-condemns-landlords-offering-free-rooms-for-sex/ar-AAS0Ixw?ocid=msedgntp

The advertisement read: ‘Hey currently have a room to rent in North county Dublin, not looking to rent for cash but instead a fwb situation. Strictly applies to females, no males will be considered.’

A similar ad for a separate Dublin property read: ‘House located in Santry Dublin, so close to city, free car park and bus stop at home… Let’s chat soon. Note please only for sweet cute and charming girl only…Hahahaha Ping me soon, NSA.’

Sure it’s grand.

Even Ireland’s media outlets now have to try and sit up and begin to take notice…

Irish Daily Mail

ArticleLand­lords are leav­ing the mar­ket in their thou­sands

LANDLORDS are leav­ing the mar­ket in their thou­sands, blam­ing excess­ive tax­a­tion, rent con­trol and con­stantly chan­ging laws. Fig­ures from the Res­id­en­tial Ten­an­cies Board (RTB) have shown 5,615 evic­tion notices have been served on…

Airbnb needs to die in a dumpster fire.

The Potatoes are gone.
I know, import more carb consumers!
The demand will spike the market, there will be a surge.
The surge will save us all in this together.
The science is in. Trust me.
The Potatoes were always at WAR with us.
The Potatoe is now a Consumer.
They are fleeing our WAR.
The Baby Consumers could be Potatoes.
The Potatoes have a right to Consumer Babies.
A cluster of consumers is not a Potatoe.
Potatoes Lives Matter.
“Carbs” is a far right conspiracy.
Proclaiming undying “hunger” is Hate Speech.

Nothing new is it, it’s been like this for years and years and years.

It’s almost 15,000 residential properties on AirBnb Vs around 1K on daft.

It looks like the market simply moved sideways, out of one sector into another, since the peak of supply back around 2011 (iirc) was about 13,000 residential properties for daft.

2008

Correction, it was more like 07/08

It’s like peering into a different universe.

2019

How Daft figures stack up today:

Dublin: 443

Houses: 132
Apartments: 263
Studio: 27

Dublin accounts for 50% of the available Residential Rental Housing supply.

Ireland: 891

Houses: 391
Apartments: 439
Studio: 43

391 gaffs to rent in the country, here is the breakdown by beds (daft.ie):

#Beds Qty Lets
1 Bed 21
2 Bed 58
3 Bed 149
4 Bed 117
5 Bed 31
6 Bed 10
7 Bed 2
8 Bed 2
9 Bed 1
10 Bed 0
11 Bed 0
12 Bed 1
13 Bed 0
14 Bed 0
15 Bed 0

76% of 3 Beds are in the €200 - €2500 price range.


Summary of Rental stock levels trend using daft figures.

Year Total for Rent
2007/2008 13,000 +/-
2019 (prev. post) 5498
Today (2022) 891

Irish rentals, in supply terms nearly as bad as LUNA coin, with a estimated 93% collapse in supply since 2008.

Gazing at current impasse, the entire AirBnB block of approx 15K residential units, looks like a nice tidy and profitable way to Landbank the pre-existing residential rental stock, for a a future and maybe imminent smash and grab by the Regime.

It has SFA to do with LL’s tbh, except:

Of all the Loring the Land Politics - how many are AirBnB’ing it?

HAP

HAP has done many things, it’s increased prices and it’s increased immigration.

80% sometimes higher, sometimes lower, but assume 80% of HAP payments are for those relatively freshly off the boat, and that is putting it mildly, hardly scratching the surface of the beast that is HAP.

Rest Of World housing is being subsidised by HAP on Irish soil.

It also steals private stock and coverts it into quasi social housing stock, usual rob Peter to pay Paul regime decl chair policy.

I’ve mentioned it before but the Irish are footing the bill for their own replacements, this is one of the insidious mechanisms used to achieve the Menace population replacement agenda as part of the 2040 plan.

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Not sure if I mentioned this before but some time ago I had business in a Council office. A black lady approached me and asked me when the HAP office was. She was towing luggage with a fresh Aer Lingus tag.

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So anyone who got a free social house by not working and currently still not working, can now also get 14K tax free a year from tenants? FFS

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I’ve given up on trying to understand this new capitalist system, new economics, etc. It’s so fcuked up.

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Everyone in the State housing, no one outside the State housing, nothing against the State housing.

Pleading poverty is the only feasible way of finding accommodation at the moment except for those with the highest incomes or most wealth. What could further empower the state more than that the granting of a state funded house will also furnish an income? Bestowing favour on the anointed and pushing more and more cost onto the benighted future generations.

39th Amendment here we come…

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