Just wondering . Are there any local authorities tenants in part ownership schemes?
Irish Times "Why landlords are selling up: taxes, regulation and fear of Sinn Féin"
- Thread starter Brendan Burgess
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Just wondering . Are there any local authorities tenants in part ownership schemes?
PebbleBeach2020
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Were none of the rental houses purchased by returning expats from abroad? Or by immigrants? Or by a recently divorced/separated man who previously was living in the family home? Or by a singleton or couple who were living in their parents/in laws house while saving for a deposit? Or by a singleton who was renting a bedroom in a four bedroom house and is now occupying the new house as a single person???
Its a bit naive assuming that 10 renters bought 10 houses and all is right with the world. What about renters house sharing who don't have the means to purchase a house? Or newly qualified college graduates moving to Dublin to work for the first time, where will they house share now the rental sector is gone? This isn't a zero sum game where all losses are gains on the other side. There are losers, big time there are, and it's all on the tenants in the futures side. Seeing as SF rehtoric and threats for landlords are exaccerbating the problem for renters, who are as a result ironically enough turning to support SF, it stands to reason that SF will be able to solve the problem when they are in government. Turkeys voting for Xmas of sorts.
Let's hope for the sake of the economy and the renters of the future, that there's another option to institutional REITS charging €3500 for a 3 bed apartment.
PaddyBloggit
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If you read what I said, I actually agree with you.
Accommodation needs will always be playing catch-up and in my humble opinion, it will never catch up to demand.
Yes - the house I bought housed a family of 3, so effectively what previously housed 3 people now houses 1. The majority of homes are bought by couples or single people, not groups of 3 or 4 adults sharing, so there is a net loss of overall housing, thats why the current crisis is so related to low levels of new developments & rental units at affordable prices.
As I said, almost every single unit purchased out of the rented sector will have lower overall occupancy than the original rental because people buying homes are almost always better off that people stuck long term in the private rented sector.
They'll never come back because minimum standards instituted between 2007-2011 and reinforced by societal expectations have increased the minimum standard to a far more expensive home than traditionally could be cheaply built.
Unless we accept that rentals, social homes or small homes for FTBs *can* have lower standards than A2 rated heatpump and solar power superhomes, which only a tiny minority can currently afford, we are going to have an enormous problem.
I remember the 80s when there were more properties than tenants. You could walk out of rental into another within an hour or so.
Even after the crash in 2008 there were lot of empty rentals around.
It's cyclical, but a variety of economic decisions, commoditization of housing, privatisation of social housing population growth, economic growth have over fuelled the housing market into crisis. Various govts have had their foot firmly on the accelerator even as the engine light is on and bad noises from the engine.
It can't balance out with all interference in the market.
What investors? The only investors who are currently buying are so-called "vulture funds." Unless SF has plans for its generous donors giving to Friends of Sinn Fein USA of course?
The 80s and 2008 had one big thing in common: net emigration. Housing was always easier here when emigration was high.
Nah, they get bought by people like me who reduce the occupancy from 3 people to just 1, and I left a 1 bed unit not big enough, where the LL wasn't registered so if it does reappear back on the market it will be at 2x the modest rent I paid. That still 3 people out of a home.
Most FTBs are better off - literally every Central Bank and ESRI paper on the topic for the past 20 years has banged in this point - FTBs and most buyers are far better off than the average tenant and can afford lower occupancy levels than tenants can.
We do, but its now socially unacceptable to suggest that a family of 2 should live in anything smaller than 80m2 with A2 rating and a heat pump.
We no longer are willing either to build smaller units that would be cheaper to build and cheaper to run.
We only flipped to net immigration fairly recently. Like within the last decade. However our housing output, the housing we create is at historically low levels. Perfect storm.
Going slightly back to the title.
Not just fear of SF and what they might do
Gov FF FG and all the mates have shifted the goal posts constantly on mom and pop LL's
So yes I worry about SF, but only as much as the other shower interfering.
Not to mention the media bias of all LL's bad, no bad renters.
Bad on both sides.
For me 1 place sold and done, other one is on notice now, don't want to be in the debate anymore.
Not just fear of SF and what they might do
Gov FF FG and all the mates have shifted the goal posts constantly on mom and pop LL's
So yes I worry about SF, but only as much as the other shower interfering.
Not to mention the media bias of all LL's bad, no bad renters.
Bad on both sides.
For me 1 place sold and done, other one is on notice now, don't want to be in the debate anymore.
T McGibney
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It hasn't been steady though...
Also worth contrasting with housing output
Supply and demand in housing
With the ongoing affordability problem, Housing for All, the recent budget, and more the housing issue isn’t going away any time soon.
www.tasc.ie