Didn’t someone say that it’s only homes in DCC, which are nearly all apartment blocks built with investment capital?
Sciprio on
Makes sense, If you’ve a property rented out, with that income it gets easier to buy another house, now you have two houses and so on, and it just gets easier the more homes you buy up to rent them out. Needs to be a cap and higher taxes on multiple homes that are not your own home where you live.
ClockworkAppl on
Landlords are scum.
rossitheking on
Yet all the centrist dads on social media are saying otherwise and defending Fianna Fáil and Fine Gael despite claiming to not like their policies.
janon93 on
This is such a miserable place to live fr. How is this even legal?
Odd-Internal-3983 on
The article says according to Sinn Féin. Would RTE not do some journalism and confirm or rebuke the claim.
United-Pension1018 on
I really don’t belief this statistics.
janon93 on
They say that the American Dream is to own your own home. The Irish dream is to own somebody else’s.
52-61-64-75 on
imagine if we encouraged investments that weren’t property, instead of subjecting them to some of the harshest tax treatment of any country in Europe
Remarkable-Ad-4973 on
Isn’t this because banks wont lent to build apartments without funds being involved?
It seems that banks don’t want to risk lending without a guarantee. The only way to guarantee that the apartments will be sold is if the funds bulk-buy them. The alternate seems to be that nothing gets build cos there’s no financing from the banks.
Listening through the podcast atm. They say 85% of the new homes were bought by landlords with 10+ properties.
REITs don’t have to pay tax on rental income and they don’t pay capital gains when they sell the houses.
The government made property so attractive for REITs that they’ll pay way more than individuals can afford
EnvironmentalShift25 on
Where is this report by SF? Is this just DCC or Dublin county? Are they including housing bodies like Cluid as ‘landlords’? . If it’s just DCC then exactly how many actual houses have been built there in the last year? If SF are just spouting numbers then this is a waste of time.
>EDIT: This is from a couple of weeks ago [One-in-five private Dublin tenancies rented by landlords who own 100+ properties](https://www.thejournal.ie/rtb-new-data-6457131-Aug2024/)
While the biggest landlords, often largescale property companies, have a sizable presence in the capital’s rental market, it’s a different story for the rest of the country: just 2.5% of tenancies outside Dublin are owned by large landlords.
MaelduinTamhlacht on
This really requires a change in the law.
Michael-flatly on
love that for us
rom9 on
“Rigged” is indeed the right word there for this utterly dystopia state of affairs where the rich simply buy up the stock and rent it out at extortionate prices to the plebs. And why wouldn’t they. With morons of the first rate hell bent on pinning this on easy scapegoats, this is as easy as it gets for these investors.
Plastic_Detective687 on
Got down voted to oblivion on here for saying nobody should own more than one home but here we are 🥰🥰🥰🥰🥰
saggynaggy123 on
Engineered by the government. The far-right and shift of blame to immigrants only distracts from this fact. Its a landlord government, standing up for the landlord class.
furry_simulation on
The reality is nowhere near as sensational as the headline:
– it’s new-build homes only, not all homes
– it appears to be the DCC area only where new build activity is mostly apartment blocks
– “landlords” is a broad term that includes approved housing bodies and charities buying property for social housing. A REIT buying for investment and a housing body buying for social housing are two entirely different things and it’s stupid to lump them into the same category. The 79% statistic is kind of meaningless without this breakout.
Imbecile_Jr on
That’s awful! We must give these poor landlords a tax cut before they flee the market!
thesquaredape on
But landlords are getting out of the market right ? Too much red tape, renters rights, costs, tax…, it’s just not great right?
22 commenti
Didn’t someone say that it’s only homes in DCC, which are nearly all apartment blocks built with investment capital?
Makes sense, If you’ve a property rented out, with that income it gets easier to buy another house, now you have two houses and so on, and it just gets easier the more homes you buy up to rent them out. Needs to be a cap and higher taxes on multiple homes that are not your own home where you live.
Landlords are scum.
Yet all the centrist dads on social media are saying otherwise and defending Fianna Fáil and Fine Gael despite claiming to not like their policies.
This is such a miserable place to live fr. How is this even legal?
The article says according to Sinn Féin. Would RTE not do some journalism and confirm or rebuke the claim.
I really don’t belief this statistics.
They say that the American Dream is to own your own home. The Irish dream is to own somebody else’s.
imagine if we encouraged investments that weren’t property, instead of subjecting them to some of the harshest tax treatment of any country in Europe
Isn’t this because banks wont lent to build apartments without funds being involved?
It seems that banks don’t want to risk lending without a guarantee. The only way to guarantee that the apartments will be sold is if the funds bulk-buy them. The alternate seems to be that nothing gets build cos there’s no financing from the banks.
[https://www.irishtimes.com/news/ireland/irish-news/housing-plan-q-a-will-new-reforms-help-the-current-crisis-1.4569442](https://www.irishtimes.com/news/ireland/irish-news/housing-plan-q-a-will-new-reforms-help-the-current-crisis-1.4569442)
Hang on, aren’t landlords supposed to be fleeing the market? 🤔
https://www.irishexaminer.com/business/companies/arid-41623546.html
Listening through the podcast atm. They say 85% of the new homes were bought by landlords with 10+ properties.
REITs don’t have to pay tax on rental income and they don’t pay capital gains when they sell the houses.
The government made property so attractive for REITs that they’ll pay way more than individuals can afford
Where is this report by SF? Is this just DCC or Dublin county? Are they including housing bodies like Cluid as ‘landlords’? . If it’s just DCC then exactly how many actual houses have been built there in the last year? If SF are just spouting numbers then this is a waste of time.
>EDIT: This is from a couple of weeks ago [One-in-five private Dublin tenancies rented by landlords who own 100+ properties](https://www.thejournal.ie/rtb-new-data-6457131-Aug2024/)
While the biggest landlords, often largescale property companies, have a sizable presence in the capital’s rental market, it’s a different story for the rest of the country: just 2.5% of tenancies outside Dublin are owned by large landlords.
This really requires a change in the law.
love that for us
“Rigged” is indeed the right word there for this utterly dystopia state of affairs where the rich simply buy up the stock and rent it out at extortionate prices to the plebs. And why wouldn’t they. With morons of the first rate hell bent on pinning this on easy scapegoats, this is as easy as it gets for these investors.
Got down voted to oblivion on here for saying nobody should own more than one home but here we are 🥰🥰🥰🥰🥰
Engineered by the government. The far-right and shift of blame to immigrants only distracts from this fact. Its a landlord government, standing up for the landlord class.
The reality is nowhere near as sensational as the headline:
– it’s new-build homes only, not all homes
– it appears to be the DCC area only where new build activity is mostly apartment blocks
– “landlords” is a broad term that includes approved housing bodies and charities buying property for social housing. A REIT buying for investment and a housing body buying for social housing are two entirely different things and it’s stupid to lump them into the same category. The 79% statistic is kind of meaningless without this breakout.
That’s awful! We must give these poor landlords a tax cut before they flee the market!
But landlords are getting out of the market right ? Too much red tape, renters rights, costs, tax…, it’s just not great right?
Ireland needs georgism, Ireland needs LVT