TheBigShort
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The 250k figure is indeed incorrect, Dublin City Council spend an average of €330k per unit excluding land costs.
So it basically fluctuates and the trajectory is that more landlords are entering the sector than leaving.
Questions about the stuff that ive left out, but questions that you have left out too?
I don't proclaim to dot every i or cross every t on the pages of AAM. This is merely a concept. If there is a fundamental reason why it cant be done I would be happy to hear it.
I wouldn't be able to do that but the State could....
Nope overall down by 36,000 with a population increase of almost 200k.
What are you talking about? You are referencing a period of time when rent control didn't even exist! Read the topic title again....how many landlords have quit because of rent controls!
Rent controls were introduced in 2016....by the figures your have referenced, 1000 additional landlords have entered the sector since then!
1k new landlords is woeful.
You are suggesting we need more LL's?
We don't, we need more houses.
Someone mentioned 100,000 more houses.
If 170,000 LL's exited the market, property prices would fall and become alot more affordable for those looking to buy.
....
If 170,000 LL's exited the market, property prices would fall and become alot more affordable for those looking to buy.
...potential delivery of about 21,000 new homes in 2018.
It is generally accepted that this figure amounts to less than half of what is actually required to meet demand and population growth expectations.
The drip feed of new homes to the market will improve slightly this year but the flow that’s needed to service a normal, functioning property market is still not there. While last year saw new homes sales across 100 sites, the volume of units being released to the market remains low. ...
With apartments accounting for just 12 per cent of all our housing stock, progress to increase housing density in line with our EU neighbours (the EU average is 50 per cent) is slow. Availability of land for development is an inhibiting factor, and it was envisaged the vacant site levy might address this. However the failure by two Dublin local authorities to list any properties on the register of vacant sites set up a year ago is indicative of a lack of will to enforce the levy on property owners who fail to develop prime housing land.
Meanwhile some of the most ambitious developments in prime locations around the city are by real estate funds operating managed rental blocks. Kennedy Wilson, Hines and IRES Reit are just three of the major investment funds mopping up much of the exciting large-scale development in the city currently. Much of the development is for offices rather than apartments, and the residential units will be primarily only available to rent.
Where do the tenants who leave these properties go.
Lots did leave, and its till 36k short of what is was. Doesn't seem to have the effect you're hoping for.
If they can afford to pay the rent they will have no problem paying for a mortgage on properties with lower prices.
I wasn't advocating that it would solve the housing crisis, but I do think having LL's competing with FTB's is part of the problem.
If LL could actually offer a rental market that competes with the cost of mortgages that would be great. But they dont, the rents are often more costly than the mortgages. Forcing grown adults to share with others for far longer than they would ordinarily desire, impacting on families etc.
It did actually. House prices fell in tandem with LL exiting the market an exposing the surplus build. As LL re-enter, house prices and rents have started to rise again.
You are veering towards a communist agenda where the State wants to control sectors of society. At that point then should single people be allowed own two or three bed properties, should single people be allowed buy family cars?
Why should an investor not be allowed compete with FTB's
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