Brendan Burgess
Founder
- Messages
- 54,789
A landlord leaving the market by selling to an owner occupier does not cause homelessness, by that I mean it has not reduced the supply.
It does not increase the level of homelessness,but it makes that family homeless.
I have argued the same about repossessions. Repossessions do not increase the level of homelessness as we are not knocking down the houses.
Brendan
The real problem is that not enough new dwellings are being built!
It does not increase the level of homelessness,but it makes that family homeless.
I have argued the same about repossessions. Repossessions do not increase the level of homelessness as we are not knocking down the houses.
Brendan
TBH, changes around legislation have a trivial effect compared to the massive improvement in the economy since 2012.
In the first quarter of 2012 there were 544k people at work who live in Dublin. Now there are 705k, an increase of 161k workers or almost 30%. Nationally the increase is 23%.
These people are all earning and all need to live somewhere.
In any housing market the most marginal (lone parents, people with substance abuse issues, mental health problems, etc) are the ones most likely to get squeezed out of the bottom.
The real problem is that not enough new dwellings are being built!
A strong feature of the recovery has been the greater convergence of the economy in Dublin and the cities generally,
This is a myth. Job growth has been spread pretty evenly across the country. For example the Border region (which contains no cities) has seen job growth of 26%, above the national average of 23%.
I would imagine that some landlords are genuinely leaving the market but others, thanks to RPZ are ending tenancies in order to increase the rent. This is probably causing those who were in situ to become homeless.
What's clearly needed is MORE legislation!
Not many alternative investment opportunities out there!The property has peaked. They probably want to sell up, clear some mortagage's and invest differently.
Not many alternative investment opportunities out there!
Maybe they want to sell to buy back in later with a property that is more profitable to rent.
I think he mean a general move out of rural areas to the cities, especially Dublin. Its concentrating all the demand in the one spot.
But maybe, just maybe, renters are on occasion not paying rent on time, not paying in full, not paying at all, not taking proper care of the property, being a nuisance to next door, to the neighbourhood, being loud, being dirty, treating someone else's property that they've been given as their right to have.
Border region has seen higher-than-average job growth.
Which are the cities in the Border region?
"Ireland's 1.1pc population growth rate at present is nearly four times the current EU average of 0.3pc.
"Eurostat figures also show 10 countries of the EU 28 reporting population declines in 2016. So, the Irish experience is quite exceptional.
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