If a build costs €200,000 net (VAT, Levied etc go back to the State whether it is publically or privately built) and the rent on a private home costs €1000 a month then there’s a 20 year pay back. Assuming upkeep and refurbishment costs etc are 25% of the rent cost then the return is 25 years.
I would imagine the upkeep and refurbishment costs are higher for social housing in any case.
Do I recollect correctly that DCC fail to collect more than 30% of all rent due on their properties.
New data from the Department of Housing shows that just over half of the 17,700 loans provided to borrowers are considered to be 'performing'. One in four is in arrears of more than 90 days. Almost 3,000 loans have not been serviced for more than a year.
If a build costs €200,000 net (VAT, Levied etc go back to the State whether it is publically or privately built) and the rent on a private home costs €1000 a month then there’s a 20 year pay back
It may have something to do with the fact LA's house people who have lost jobs and have no incomes. You can't take blood out of a stone.
What would you do, evict them? Who would house these people then?, oh wait, LA's.
Now now, stop letting reality get in the way of a socialist agenda.I don't think that this is the reason.
LA rents are assessed based on means. If a tenants loses their job, their rent is adjusted to reflect their income from social welfare.
That can be overcome with long term contracts with large scale landlords. Large companies who specialise in the area could build and run the units.Could depend on market value of the property also. If build costs €200,000 and market value is €250,000, the State (Council) assets have increased by €50,000.
Paying a private landlord leaves the State vulnerable to extortionate rent increases courtesy of the 'free' market.
That can be overcome with long term contracts with large scale landlords. Large companies who specialise in the area could build and run the units.
As a short-term measure, why not allow bedsits again for say a 3-5 year period?
Because in a modern civilised society, with a system of governance and wealth creating enterprise, that - despite our failings - has brought about a minimum standard of living, we should resist all policies and ideas that support a return to lower standards, and in turn, less wealth and poor governance.
Are bedsits lower standards than B&Bs? Hotel rooms?
Is a bedsit better than a shop doorway?
Were the people living in bedsits unhappy with them if they were clean and in convenient locations and they could afford the rent?
Banning bedsits without adequate supply to replace them was poor governance.
Are bedsits lower standards than B&Bs? Hotel rooms?
The glorified bedsits DCC are putting into former B&Bs?
Is a bedsit better than a shop doorway?
Were the people living in bedsits unhappy with them if they were clean and in convenient locations and they could afford the rent?
Banning bedsits without adequate supply to replace them was poor governance.
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