This is landlord propaganda. They 100% done this intentionally.
karolaug on
This was obvious from the start. The new regulations are pushing small landlords to sale reducing the supply and causing evictions.
What is really unacceptable in public debate is the government surrendering to opposition demands and ignoring the reality that more renter protections means less landlords and higher prices AND the opposition pushing for more renter protections trying as much as possible to ignore that those protections are the cause of dwindling supply on the rental market.
So government did exactly what the opposition was asking for, it had literally the opposite effect, both sides are blaming each other and not seeing the real problem.
**To those that do not agree with me: Imagine that government announces rent freeze and ban on evictions to be introduced by legislation in coming weeks as opposition suggests. I hope you can see that vast majority of private landlords would serve eviction notices and put the houses for sale, as they would like to avoid locking their investments for years without the ability to sell or raise rent. The remaining rentals would see skyrocketing demand and homelessness would increase. The introduced legislation is a “light” version of that with 6 year instead of indefinite lock.**
Instead, lower the tax for private landlords having up to three properties, allow eviction with 6 months notice, allow rent increases every two or three years with 6 months notice. There will be thousands of currently vacant houses for rent on Daft within a week with lower prices due to the competition.
jamster126 on
“I’m a complete wanker you know”
miseconor on
There has been a huge amount of misinformation spread about the new changes.
The new rules do not apply to any pre-existing tenancies. So there has never been any reason for landlords to panic sell or any mass exodus.
They could all continue as they were until their existing tenant left, and then sell if they don’t want to fall under the new rules by starting a new tenancy.
Craicriture on
Ireland just created a parallel universe of property speculation. Until we start treating housing as a protected class of asset that are for long term bond-like investment only, we aren’t going to solve any of this.
Aggressive speculation on housing is like aggressive speculation on food. It shouldn’t be acceptable or encouraged.
Affectionate-Idea451 on
Remember rent control was supposed to be temporary. Many landlords still believed it was.
The Housing Minister has just made it permanent in a way that means landlords who already have long-term tenants unlikely to choose to move out now realise they are permanently stuck with artificially suppressed rents.
And for the ones who do have a tenant decide to vacate, he has changed the rules so that re-letting a vacant unit significantly reduces the capital value (loss of right to vacant possession sale).
Selling up is a very rational response to that – and it’s damning on the dept of housing that they didn’t understand that and wouldn’t listen to anybody.
5555555555558653 on
What is it about being a landlord that turns people into wrongins? Like 90% of non live in landlords show absolute contempt for their tenants.
I’ve one friend who has a star landlords who watches tv over wine with them. Not for everyone but she charges a fair rent that doesn’t increase every year for no reason and is a lovely lady.
“You’ll maybe be kicked out”
This is how this man conducts himself when he’s giving life changing news to a human being. This is how landlords act. “Very unfavorable to the landlord” pity me while I’m kicking you out of where you sleep, after you paid every single month reliably and kept the house well.
TheCunningFool on
Simultaneously wanting landlords out and getting annoyed when they do just that would amuse if if the situation wasn’t so serious.
8 commenti
This is landlord propaganda. They 100% done this intentionally.
This was obvious from the start. The new regulations are pushing small landlords to sale reducing the supply and causing evictions.
What is really unacceptable in public debate is the government surrendering to opposition demands and ignoring the reality that more renter protections means less landlords and higher prices AND the opposition pushing for more renter protections trying as much as possible to ignore that those protections are the cause of dwindling supply on the rental market.
So government did exactly what the opposition was asking for, it had literally the opposite effect, both sides are blaming each other and not seeing the real problem.
**To those that do not agree with me: Imagine that government announces rent freeze and ban on evictions to be introduced by legislation in coming weeks as opposition suggests. I hope you can see that vast majority of private landlords would serve eviction notices and put the houses for sale, as they would like to avoid locking their investments for years without the ability to sell or raise rent. The remaining rentals would see skyrocketing demand and homelessness would increase. The introduced legislation is a “light” version of that with 6 year instead of indefinite lock.**
Instead, lower the tax for private landlords having up to three properties, allow eviction with 6 months notice, allow rent increases every two or three years with 6 months notice. There will be thousands of currently vacant houses for rent on Daft within a week with lower prices due to the competition.
“I’m a complete wanker you know”
There has been a huge amount of misinformation spread about the new changes.
The new rules do not apply to any pre-existing tenancies. So there has never been any reason for landlords to panic sell or any mass exodus.
They could all continue as they were until their existing tenant left, and then sell if they don’t want to fall under the new rules by starting a new tenancy.
Ireland just created a parallel universe of property speculation. Until we start treating housing as a protected class of asset that are for long term bond-like investment only, we aren’t going to solve any of this.
Aggressive speculation on housing is like aggressive speculation on food. It shouldn’t be acceptable or encouraged.
Remember rent control was supposed to be temporary. Many landlords still believed it was.
The Housing Minister has just made it permanent in a way that means landlords who already have long-term tenants unlikely to choose to move out now realise they are permanently stuck with artificially suppressed rents.
And for the ones who do have a tenant decide to vacate, he has changed the rules so that re-letting a vacant unit significantly reduces the capital value (loss of right to vacant possession sale).
Selling up is a very rational response to that – and it’s damning on the dept of housing that they didn’t understand that and wouldn’t listen to anybody.
What is it about being a landlord that turns people into wrongins? Like 90% of non live in landlords show absolute contempt for their tenants.
I’ve one friend who has a star landlords who watches tv over wine with them. Not for everyone but she charges a fair rent that doesn’t increase every year for no reason and is a lovely lady.
“You’ll maybe be kicked out”
This is how this man conducts himself when he’s giving life changing news to a human being. This is how landlords act. “Very unfavorable to the landlord” pity me while I’m kicking you out of where you sleep, after you paid every single month reliably and kept the house well.
Simultaneously wanting landlords out and getting annoyed when they do just that would amuse if if the situation wasn’t so serious.