I posted a link to this article in another thread about AirB&B rentals but reading through it again, I wonder is the author a poster child for everything that is wrong with current Government policies in housing?
http://www.irishtimes.com/life-and-...mtime-apartment-that-still-traps-us-1.3042753
Thoughts?
http://www.irishtimes.com/life-and-...mtime-apartment-that-still-traps-us-1.3042753
- Firstly, her family have been burnt by Minister Coveney's crude rental caps as they can only rent their apartment at around 60-70% of its true market rent.
- Secondly, her family are clearly apprehensive that their own landlord will decide to sell up - they are in an excellent position to appreciate why her landlord would be motivated by Government policy to exit the market.
- Thirdly, her family are adversely affected by Minister Noonan's ongoing failure to allow for full deductibility of LPT and 20% of mortgage interest payments for income tax purposes.
- Finally, Minister Coveney's FTB tax rebate is driving up the cost of new homes (per the Governor of the Central Bank), thereby putting the elusive family home further out of reach of the author's family.
Thoughts?