Buy to Let in Ireland: The Case for a Contrarian Property Investment

[charlie007]

The direct subsidy payments from taxpayers to private landlords are also higher than ever (€550 million per annum through HAP,

Many landlords do not wish to take HAP supported tenants, but are effectively forced to do so by law..

Becoming a HAP landlord - Housing Assistance Payments

Becoming a HAP landlord You are not legally required to rent your property to someone getting HAP support. You choose the tenants for your property. However, you are not allowed to refuse to rent to someone just because they receive HAP. If you do, you will be breaking the equality laws. Further...

www.hap.ie

 

[JohnFlory]

I know I'm in the lions den here but landlords saying they do not want the €550 million in HAP payments they get from government every year but are forced to take them is somewhat ridiculous. Similar to landlords saying that they have reluctantly accepted €339 million in ARP money for "humanitarian reasons"

 

[charlie007]

landlords saying they do not want the €550 million in HAP payments they get from government every year but are forced to take them is somewhat ridiculous.

Below is taken directly from Threshold:

'Between 2017 and 2020, the WRC received 329 complaints from tenants on foot of a landlord’s refusal to accept HAP or rent supplement. Based on our research and the experience of our clients, we believe this number to only scratching the surface of the issue.'

 

[DannyBoyD]

landlords do not wish to take HAP supported tenants,

The law is quite correct on this in my view.

I can decline to rent a one bed apartment to a family of four; they would clearly be overcrowded.

I cannot decline because they are entitled to HAP.

 

[Protocol]

My friend, who is a landlord, likes HAP. It's guaranteed income.