No chance unfortunately. It will be in total. All the fuss about landlord support…..and this is the end result? If anybody thinks that €600 is going to mitigate the current uncertainty and political meddling with property rights, then it clearly demonstrates a lack of understanding.Wonder is that per property?
exactly. I understand the politics of it, but would have thought it's time to put on the big boy pants and actually try to implement something which may actually encourage investment in the area. I personally would have invested more if the environment and incentives were sufficient to partially balance out some of the meddling risks that are on the horizon.Utterly pointless, in fact it's almost a waste of money as it will achieve nothing.
Neither work to retain or attract Landlords.
Not according to the CSO. Their figures show 330,632 tenancies. The RTB think there are 246,453 tenancies. The Government and people of Ireland is let down yet again by incompetent Public Servants with bad decisions being made because of the inaccurate data the RTB provides.The exodus continues so.
You're assuming that the RTB have an accurate count of what they have in their own database.....which based on both (i) the experience of using their website, and (ii) the poor quality of the responses you get from their staff, is a BIG assumption!!!Not according to the CSO. Their figures show 330,632 tenancies. The RTB think there are 246,453 tenancies. The Government and people of Ireland is let down yet again by incompetent Public Servants with bad decisions being made because of inaccurate data.
If they look at reality. There are many landlords who drive around on monthly basis collecting cash from tenants to avoid the lunacy of the RTB and crippling tax on income. Like anything else in this world when you make a complete balls of a sector you will always drive a proportion under ground which is clearly what has been identified here. The whole sector needs to be overhauled and the reset button hit. The Irish anti landlord sentiment needs to change also.Not according to the CSO. Their figures show 330,632 tenancies. The RTB think there are 246,453 tenancies. The Government and people of Ireland is let down yet again by incompetent Public Servants with bad decisions being made because of the inaccurate data the RTB provides.
Surely this is the reason to incentivise Landlords to stay in the market until such time as you can build sufficient quantities though? You want to keep as many houses available in the rental sector until such time as the supply has caught up.Based on those numbers, if I was the one looking to balance the books, I wouldn't be throwing any massive incentive towards private landlords at a time we don't have the capacity to build in sufficient quantities.
The CSO data shows an increase in private rental accommodation since 2016, It's a catch 22 situation with insufficient supply, incentivise private rental and you price first-time buyers out of the market.Surely this is the reason to incentivise Landlords to stay in the market until such time as you can build sufficient quantities though? You want to keep as many houses available in the rental sector until such time as the supply has caught up.
So let me understand this, someone who paid almost no interest for over a decade on a tracker, can now get mortgage relief for increased rates if they stayed on their tracker. Meanwhile, someone who isn't on a tracker but has always paid a higher rate and fixed when they saw rates increase can't??Homeowners will also be able to claim 20pc tax relief on mortgage increases between this year and last year, capped at around €1,250 under a new scheme to be announced by Finance Minister Michael McGrath.”
Yes, tax evasion by criminals will always be a problem but it should be prevented by prosecuting the criminals, not giving them tax breaks.If they look at reality. There are many landlords who drive around on monthly basis collecting cash from tenants to avoid the lunacy of the RTB and crippling tax on income. Like anything else in this world when you make a complete balls of a sector you will always drive a proportion under ground which is clearly what has been identified here. The whole sector needs to be overhauled and the reset button hit. The Irish anti landlord sentiment needs to change also.
No, I'm assuming that the employees of the RTB are incompetent and are unable to maintain key data. That's based on both the CSO figures and anecdotal information from those who are unfortunate enough to have to deal with those employees.You're assuming that the RTB have an accurate count of what they have in their own database.....which based on both (i) the experience of using their website, and (ii) the poor quality of the responses you get from their staff, is a BIG assumption!!!
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