Rental Costs - Unreal!!


#983

No evidence he actually said it though

Didn’t stop the Torygraph using Horace Woolington of Castleknock as a fictional letter writer to indulge their anti Irish bigotry…


#984

independent.ie/business/personal-finance/property-mortgages/buying-a-home-is-500amonth-cheaper-than-renting-property-in-capital-36678429.html
This argument was hammered home in the South of England from about 1993/94 onwards, and in Ireland around 2000-02, you got away with it so long as you had lots of demand coming on tap.


#985

I don’t normally take personal financial advice, but when I do I take it from property developers. :smiley:


#986

This thread over on boards shows the current crazy rental market in Dublin
boards.ie/vbulletin/showthr … 2057851508


#987

This has been getting some airtime on Liveline the past 2 days. It looks like student accomm was treated the same as hostel type accomm and so was exempted from the 4% rent cap…a loophole that seems to have got by everyone, except of course the lobbyists who had it inserted there in the first place.
And everyone thought all those student blocs being built in rapid time was because they could fit more in, needed no car parking spaces etc!

Good old Ireland…eat it’s own for the benefit of the wealthy. And of course the local vultures i.e. the legal profession,lobbyists, EA’s will get the crumbs from the table in setting this up

rte.ie/radio1/liveline/progr … =102764178


#988

The rates they are charging seem to guarantee that many students will come out of college heavily in debt (unless bank of mum and dad cough up)…great to know there are loads of high paying jobs for them to pay off this debt…


#989

Identifying Rent Pressures in Your Neighbourhood:
A New Model of Irish Regional Rent Indicators

ESRI paper here
esr.ie/article/view/860/179


#990

Wow!

A single bed in a kitchen in Stoneybatter is being advertised for €800/month
independent.ie/irish-news/n … 51308.html


#991

Are we sure that it’s only students in the student accommodation?


#992

Its new supply though isn’t it?

And it frees up cheaper stock elsewhere. At this stage, pretty much any news supply is a good thing.


#993

Median price of a Dublin 1-bed apartment rental on daft.ie just hit €1,600 for the first time. :frowning:

viewtopic.php?p=931779#p931779


#994

It’s funny how you don’t see those poor-me-I-bought-a-one-bed-in-2007-for-€450k stories anymore.

At a rent of €2,000 you get a gross yield of nearly 5.5% and it will easily wash its face after charges, depreciation and tax.


#995

Sadly, I think we’ll see those stories again in 2024 for people who’ll buy 1-beds for 450k in 2019…


#996

Rent controls have another 19 months to go - then all landlords can join the party.


#997

really?

mortgage of 400k at say 2.5% - 1,600 per month plus mgt fee 1000 per annum thats 20k in costs before any maintenance, agents fees etc,

2k a month is 24k gross, if you are earning over 35k a year that apartment isnt close to washing its face.


#998

Woman evicted while collecting kids from school, court told

irishtimes.com/news/crime-a … -1.3480373

Sounds like the landlord hasn’t been declaring any of this rent to Revenue

Sounds like she ignored his requests to increase rent on numerous occasions, and he couldn’t go to PRTB as not registered, so used force


#999

*Average rent nationwide during the first quarter 2018 was €1,261pm.
This is €232pm more than the highest level reached in 2008.

Dublin rents are now €1875pm
This is 30% higher than 2008.*

Well done, well done.
thejournal.ie/daft-rental-re … 4-May2018/


#1000


#1001

Crazy.


#1002

Student rent blocks appear to have been excluded from RTB, yet students are facing xx% yearly rent increases. A union is taking a test case.
“Following advice and counsel from public representatives, internal university colleagues and our own counsel we have filed a case through the RTB against Cúirt na Coiribe Galway.
The NUIG Students’ Union will represent a 2017/18 tenant who was a victim of the 18% rent increases. We hope that this will also send a strong message to other management companies of purpose built student accommodation across the country that students and their families will not stand by and allow for their education to be put at risk due to the ever increasing cost of accommodation imposed by these companies.”