If we keep punishing the landlords with record rent increases and toothless legislation, they’ll be forced to leave the market
caisdara on
Presumably this is rents on Daft and not rents throughout the country.
ToysandStuff on
They’ll do countless useless measures but won’t ban corporations and foreign ownership of residential properties
Guilty_Doughnut1557 on
Hahahahahahaha
Star_Lord1997 on

Imaginary_Crow6667 on
Any vacant property that would be significantly under market rent would have been held off the market until the new rent resets came out.
This is just a short term correction to properties that were inhibited by previous restrictions.
More click bait media articles ⚔️
YetAnotherPesant on
Imagine my shock. Literally every opinion I’ve read predicted this would be the exact outcome.
Did they go ahead out of sheer hubris, or was it by design?

careful_hot_stove on
I don’t mind landlords with maybe 2 or 3 properties as they are just trying to make a living. People should be stopped from buying more than 10 properties
DunAnOir on
The plan bears fruit.*
*But not for you
Positive_Bid_4264 on
Just listened to wee seamie McGrath on David mccullagh there, defending all of this, against Eoin o broin, just sounded like McGrath was a transition year student debating with their teacher.
Mossy375 on
Happened to me unfortunately. My friend is going back to their country and the plan was for me to take over their apartment. Landlord refused a tenancy transfer and increased the rent by 18%, so I had to decline.
Specific-Manager-125 on
Mehole really is the most Thatcherite Taoiseach we’ve ever had , but he gets a free pass all the time , because middle ireland secretly loves the chance to make a fortune from renting and asset appreciation ……
DaemonCRO on
After everyone said that would happen.
DirkPower on
It’s so deeply, deeply frustrating that we all knew this is exactly what would happen, but still some of the regulars in here argued that it wouldn’t. Man I just want to rent a home with my partner for a fair rent. Can’t wait for the headlines about Irelands rapidly aging population and think pieces about why Irish people aren’t having children anymore (while still trapped in their parents homes).
EIREANNSIAN on
It’s worth noting that if you’re a couple, both earning around €55k, paying €2k a month rent the breakdown would be something like as follows:
In order to pay that €2k the couple would have to earn roughly €4k at the higher income tax rate over €44k, in addition to USC and PRSI (they would be paying 47.2% combined on that income).
If the landlord is a private landlord, with a good income themselves, they will be paying 52% tax on that €2k rental income.
So from that initial €4k that the couple earned at the higher rate (not the highest, higher USC kicks in again over €70k) the government gets around €3k.
There are absolutely levers that the government could be pulling to encourage lower rents and to ease the burden on people, but they don’t have any intention of doing so, because of that yummy tax intake..
17 commenti
This is by design
If we keep punishing the landlords with record rent increases and toothless legislation, they’ll be forced to leave the market
Presumably this is rents on Daft and not rents throughout the country.
They’ll do countless useless measures but won’t ban corporations and foreign ownership of residential properties
Hahahahahahaha

Any vacant property that would be significantly under market rent would have been held off the market until the new rent resets came out.
This is just a short term correction to properties that were inhibited by previous restrictions.
More click bait media articles ⚔️
Imagine my shock. Literally every opinion I’ve read predicted this would be the exact outcome.
Did they go ahead out of sheer hubris, or was it by design?

I don’t mind landlords with maybe 2 or 3 properties as they are just trying to make a living. People should be stopped from buying more than 10 properties
The plan bears fruit.*
*But not for you
Just listened to wee seamie McGrath on David mccullagh there, defending all of this, against Eoin o broin, just sounded like McGrath was a transition year student debating with their teacher.
Happened to me unfortunately. My friend is going back to their country and the plan was for me to take over their apartment. Landlord refused a tenancy transfer and increased the rent by 18%, so I had to decline.
Mehole really is the most Thatcherite Taoiseach we’ve ever had , but he gets a free pass all the time , because middle ireland secretly loves the chance to make a fortune from renting and asset appreciation ……
After everyone said that would happen.
It’s so deeply, deeply frustrating that we all knew this is exactly what would happen, but still some of the regulars in here argued that it wouldn’t. Man I just want to rent a home with my partner for a fair rent. Can’t wait for the headlines about Irelands rapidly aging population and think pieces about why Irish people aren’t having children anymore (while still trapped in their parents homes).
It’s worth noting that if you’re a couple, both earning around €55k, paying €2k a month rent the breakdown would be something like as follows:
In order to pay that €2k the couple would have to earn roughly €4k at the higher income tax rate over €44k, in addition to USC and PRSI (they would be paying 47.2% combined on that income).
If the landlord is a private landlord, with a good income themselves, they will be paying 52% tax on that €2k rental income.
So from that initial €4k that the couple earned at the higher rate (not the highest, higher USC kicks in again over €70k) the government gets around €3k.
There are absolutely levers that the government could be pulling to encourage lower rents and to ease the burden on people, but they don’t have any intention of doing so, because of that yummy tax intake..
But, but but. They said it wouldn’t!