While in theory this type of structure makes "sense", sadly, far too often the problems only arise after implementation.The report also recommends that the State should “amalgamate regulatory agencies involved in regulating rental accommodation” under a single authority “and strengthen the enforcement powers
The RTB has this information. Does the Housing Commission not know this. But sure let's create another state quango paid for by landlords to tell us what we already know.It also argues that the State should “establish a publicly available register of rents being charged”.
Let's recreate the RPZ with something similar but call it something else.The article says that the HC recommends replacing RPZs with:
Now that's some piece of waffle. Can you imagine how that calculation would work in reality. Unbelievably convoluted and cumbersome. Everybody has a different interest rate, some have no interest, some have mortgages paid off, whose household income? So a Dunnes stores shelf stacked on a 20 hours contract on a low wage would be used to calculate rent versus an executive working in Bank of I? How could that possible work." a new system that pegs rent increases to nearby homes of a similar quality should be introduced, according to the report. Rent would not rise more than a set percentage above this level over a specified period, taking into account costs such as management and maintenance, interest rates and household incomes and affordability.
Yep:Deckchairs on the Titanic come to mind.
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