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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Nov 14, 2017 7:22 pm 
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Neo Landlord

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Post 2001 rents were relatively good value. Around 98-2001 there was a 'rental crisis' in Dublin


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Nov 14, 2017 7:32 pm 
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Epicurus wrote:
Post 2001 rents were relatively good value. Around 98-2001 there was a 'rental crisis' in Dublin


Tick-Tock-Tick-BOOM!

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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Nov 14, 2017 8:33 pm 
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Epicurus wrote:
Post 2001 rents were relatively good value. Around 98-2001 there was a 'rental crisis' in Dublin


People have totally forgotten this.
Rents peaked in 2001/2002, then dropped for several years before peaking again in 2008.
The peak in 2008 was roughly the rents same as the peak in 2001/2002.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Nov 14, 2017 11:23 pm 
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jess wrote:
Epicurus wrote:
Post 2001 rents were relatively good value. Around 98-2001 there was a 'rental crisis' in Dublin


People have totally forgotten this.
Rents peaked in 2001/2002, then dropped for several years before peaking again in 2008.
The peak in 2008 was roughly the rents same as the peak in 2001/2002.


Dublin rents in 2002 were atrocious.

Appreciably higher in relation to average incomes than they are even today.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Wed Nov 15, 2017 12:27 am 
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Eoghan Murphy has disputed the numbers in today's daft report:

Minister for Housing Eoghan Murphy has disputed a report by property website Daft.ie showing an 11.2 per cent increase in rents in the last 12 months.
Mr Murphy said the Government was well aware of the acute pressures in the rental market driven by rising demand, the economic recovery, a lack of supply and by the high costs that indebted landlords face in servicing their mortgages.
He said the pressures were borne out by the upward trend highlighted in the data but that “ I would dispute the reported rate of increase”.
The Minister said the website measured asking prices which tended to be higher than the rents actually being paid by tenants.
“The low number of properties being advertised on Daft.ie means that the figures are based on a relatively small sample and may not be entirely representative,” he said.


I agree with him. Daft is showing year on year increases of about 11% in the first half of 2017. The RTB/ESRI index is showing only about 7%. This latter index is based on all registered tenancies, not just those advertised online. I need not remind pinsters that the stock on daft is at an all time low.

Typically these two series have barely diverged. But, now that they are, I would tend to trust the one with the more representative sample (in fact the population). And that is the RTB/ESRI one.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Wed Nov 15, 2017 6:26 am 
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A lot of fuss over stock vs flow. They're representative of different things.

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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Wed Nov 15, 2017 1:42 pm 
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Eschatologist wrote:
A lot of fuss over stock vs flow. They're representative of different things.


Exactly, it's utterly beside the point.

Yet what it tells us about the thinking and outlook at the top is far more valuable.

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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Thu Nov 23, 2017 7:55 pm 
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Open Window wrote:
conork wrote:
Jeez, what is it, house prices going up or down is a good or bad thing. Government has thrown the sink at the situation and now people complain.


Price is irrelevant when there is virtually no supply.


That's why I like my new place, where rent is still high vs salaries, but they build a lot and rental stock quality is so much better. Oh ye and no viewings with 30+ people...
I can't find the figure now, but Wrocław built around 12000 apartments in last 12 months and 990 in September... As I wrote in different thread: cranes, lots of cranes everywhere - skyscrappercity count is 188 (1mln metro area). What can wrong? :x

local CSO site bits, are in english. http://wroclaw.stat.gov.pl/en/zakladka2/

A lot of people ask me, why did we resign from our 'high' salaries to come back home.. You know, the figures looks good on paper. Then I just compare the prices and quality of transport or some of the services..

Sadly I think Ireland will remain in the same strange situation for years - talking about talking on tackling the 'crisis'..

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http://www.independent.ie/business/iris ... 96858.html
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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Thu Nov 23, 2017 9:13 pm 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 5956
Location: SthDub
Welcome back mightyz, how has the move gone? Fully settled?
Is Wroclaw your home town?


Last edited by FreeFallin on Thu Nov 23, 2017 10:44 pm, edited 1 time in total.

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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Thu Nov 23, 2017 9:47 pm 
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@mightyz, Great to see you're still posting.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Thu Nov 23, 2017 10:02 pm 
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Location: London, innit
Looks like a picturesque city. Hope it's working out


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Sat Nov 25, 2017 5:30 pm 
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Daft Listing Advertises A Bed Share with a stranger 8-

https://www.todayfm.com/News/Daft-Listi ... -Bed-Share

Image

also this beauty from a few months back

http://www.newstalk.com/Single-room-with-wardrobe-bed-advertised-on-property-website


Image


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Mon Dec 04, 2017 2:27 pm 
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Too Big to Fail

Joined: Aug 8, 2008
Posts: 3529
Location: Cathair na dTreabh
Savills estate agents predict:
Dublin rents will ↑ 5% - 6% pa until end 2019
Rest of country, rents ↑ of 7.2% pa

XD


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Mon Dec 04, 2017 3:04 pm 
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Neo Landlord

Joined: Sep 9, 2017
Posts: 280
Good for the GDP don't ya know


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Dec 05, 2017 7:22 am 
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Joined: Nov 6, 2006
Posts: 8828
Location: Hollywood
Collapso wrote:
Daft Listing Advertises A Bed Share with a stranger 8-

https://www.todayfm.com/News/Daft-Listi ... -Bed-Share

Image

also this beauty from a few months back

http://www.newstalk.com/Single-room-with-wardrobe-bed-advertised-on-property-website


Image

That madness bares how predatory some people get when others are at their whim because of.how the game is rigged. You see it in rental ads in places like sydney and melbourne. Who wants a world like that?

Endless population growth is something we need to face up to. It is backward


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