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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Wed Jul 11, 2018 3:59 pm 
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Nationalised

Joined: Sep 29, 2010
Posts: 8810
Location: London, innit
cyrusir wrote:
http://www.daft.ie/dublin/houses-for-rent/blackrock/avoca-avenue-blackrock-co-dublin-blackrock-dublin-1827162/

why would you buy this for 3.5m, refurb it (doing a nice job)

then rent it out :?:

because you want a house to live in when you return to Ireland but aren't ready to come back just yet, though have the cash to buy it?


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Wed Jul 11, 2018 4:10 pm 
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Property Magnate

Joined: Mar 30, 2016
Posts: 700
slasher wrote:
cyrusir wrote:
http://www.daft.ie/dublin/houses-for-rent/blackrock/avoca-avenue-blackrock-co-dublin-blackrock-dublin-1827162/

why would you buy this for 3.5m, refurb it (doing a nice job)

then rent it out :?:

because you want a house to live in when you return to Ireland but aren't ready to come back just yet, though have the cash to buy it?


that would make sense

except i know who bought it and they are resident in ireland


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Jul 24, 2018 10:06 am 
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Too Big to Fail

Joined: Aug 8, 2008
Posts: 3646
Location: Cathair na dTreabh
temene wrote:
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.”

Looks like a successful student campaign
Rent caps for purpose-built student accommodation to be introduced


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Jul 24, 2018 4:12 pm 
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Property Magnate

Joined: Oct 12, 2014
Posts: 632
Location: Dublin
Only successful to some degree - it’ll slow future rent hikes.

But the rents have already skyrocketed in last 2 years... which is exactly what the lads put that loophole in there for. Job done! 8DD

Now there’s a relatively high baseline set for the next 7000 units to come online - which would have otherwise started off with rents (in the same restricted areas) of about 20% less.

This. Is. Ireland.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Jul 24, 2018 4:52 pm 
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Under CAB Investigation

Joined: Mar 31, 2010
Posts: 2796
Tax the crap out of greedy landlords says Cork Charity boss after four drug addicts die...

https://www.irishexaminer.com/breakingn ... 57205.html

The head of Cork City’s Penny Dinners charity, Caitriona Twomey, has called on the Government to spend more money on frontline services in a week which saw the death of four men who used the service.

In an impassioned Facebook post that has sparked a huge online reaction, Ms Twomey said more needed to be done to help those impacted by addiction and mental health problems and to sort out the rental crisis, which has left many working people unable to afford food.

"Greedy Landlords are destroying the Rental Market and forcing people to become Homeless ( Tax the Crap out of these landlords ) and control the Rental Market."


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Jul 24, 2018 5:39 pm 
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Joined: Apr 9, 2014
Posts: 2130
Great idea :lol:

Irish resident landlords need to be punished for not housing the poor and providing appropriate mental services.

Let them exit the market to make way for the new breed of professional landlord. :x


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Jul 24, 2018 6:32 pm 
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Joined: Jan 4, 2013
Posts: 17351
Surely the combination of high taxes and rent controlled prices will create more supply!

_________________
— Try, fail, understand, win. —


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Jul 24, 2018 8:55 pm 
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Planning Tribunal Attendee

Joined: Aug 19, 2011
Posts: 1021
Her prescription might not be the correct answer. For the sake of a bit of grace, I'd suggest posters keep their sarcastic comments to themselves.

Caitriona Twomey is not an economist, she doing that work for a long time, and is articulating that something is seriously wrong from her perspective. That's what I took for it.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Jul 24, 2018 10:14 pm 
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Joined: Apr 9, 2014
Posts: 2130
So she is not an economist - she took to social media blaming an easy and popular target.

Who has failed to provide social housing, mental services, etc? Who pays her wages?


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue Jul 24, 2018 11:33 pm 
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Planning Tribunal Attendee

Joined: Aug 19, 2011
Posts: 1021
@Luan

A soup kitchen founded in Victorian times is feeding the working poor. That’s some centenary
http://www.thejournal.ie/readme/cork-pe ... 3-Nov2015/


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