NoRegretsCoyote
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So the enumerator correctly discerned who was resident at the property on census night!
A job well done.
So the enumerator correctly discerned who was resident at the property on census night!My son was there.
If landlords are flooding out of the market, they have three options.
1. Sell to another landlord
2. Sell to an owner occupier.
3. Leave the property empty.
Apart from 3 , which would seem unlikely, for most investors, how does landlords selling up, reduce the housing stock,
In category 1, the property stays in the rental market,
In category 2, the owner occupier, was, most likely, renting from the private market, so their rental becomes available.
So, what’s the big crisis?
In fact, the more sellers, the more affordable the housing cost becomes, for everyone.
Talk about perverse incentives, this aspect should really be publicised more.By the way, the option 3 (an idea that seems mad at first sight) is more tempting than one might think. I calculated that it would take me about 3 years to recover my costs and loss of earnings.
By the way, the option 3 (an idea that seems mad at first sight) is more tempting than one might think. I calculated that it would take me about 3 years to recover my costs and loss of earnings.
By the way, the option 3 (an idea that seems mad at first sight) is more tempting than one might think. I calculated that it would take me about 3 years to recover my costs and loss of earnings.
I think option 3 would be a reasonable option for someone with an investment property bought some time ago with a little or no mortgage attached. They can take the hit for a year or 2 and see how this whole thing pans out regarding the likelyhood of SF getting into power and any changes made by them. They can then decide to sell an empty property which will be almost 2 years vacant, ensuring market rent, or re-let.If landlords are flooding out of the market, they have three options.
1. Sell to another landlord
2. Sell to an owner occupier.
3. Leave the property empty.
Apart from 3 , which would seem unlikely, for most investors
It's utterly unaffordable on any meaningful scale and in any event impossible under our tortuous planning system.You'd have to say the lack of Govt action on trying to build new housing even emergency (war time) housing is baffling. They've been effectively sitting on their hands for a decade.
While it's good to get the perspective of someone other than the State and those involved in the homelessness Industry it's also the case that Builders and Estate Agents are hardly neutral parties in this.I see Sherry FitzGerald have estimated that there has been a net reduction of 80,000 rental units over the last 10 years.
Rental market shrinks by 80,000 homes in 10 years, housing conference told
Sherry FitzGerald managing director highlights flight of landlords from Irish market while Glenveagh boss says planning policy is aggravating crisiswww.irishtimes.com
Given the considerable population growth over this period, this really makes grim reading.
How? Wouldn't both sectors gain dramatically from a reversal of the recent trend?While it's good to get the perspective of someone other than the State and those involved in the homelessness Industry it's also the case that Builders and Estate Agents are hardly neutral parties in this.
They have a different agenda than those who make a living from the homelessness industry but they are not neutral parties. Estate Agents talk up the price of properties and the construction sector is grossly inefficient but rather than addressing that they spend their time whinging about costs and looking for tax breaks.How? Wouldn't both sectors gain dramatically from a reversal of the recent trend?
Look at calibre of current and past Housing Ministers....appalling incompetents allYou'd have to say the lack of Govt action on trying to build new housing even emergency (war time) housing is baffling. They've been effectively sitting on their hands for a decade.
Yet they made shedloads of money when delivering many tens of thousands of new housing units every year during the 2000s.They have a different agenda than those who make a living from the homelessness industry but they are not neutral parties. Estate Agents talk up the price of properties and the construction sector is grossly inefficient but rather than addressing that they spend their time whinging about costs and looking for tax breaks.
If the construction sector was better at their job then housing would be cheaper to deliver. They are part of the problem, so unless they are shouldering a good chunk of the culpability for the lack of housing delivery then it's hard to take them seriously when they bemoan the lack of housing.
He was as weak as a kitten in his last ministerial post.Look at calibre of current and past Housing Ministers....appalling incompetents all
Need a heavy hitter like Richard Bruton to take on the role
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