Baby boomer
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The long term lease scheme and application form is still up on Dublin City Council's website.
The long term lease scheme and application form is still up on Dublin City Council's website.Hi All
...since the 'Housing for All' policy, the Department of Housing has ordered the halt to any further long term leases.
I wouldn't mind that. You'll only find out if it's of any use if you fill it in and get a positive answerThe long term lease scheme and application form is still up on Dublin City Council's website.
If you think about it, in most cases roughly half the rent paid by the council goes straight back into government coffers via taxation.These long-term council leases entail a large-scale transfer of public funds to build private wealth and are one of the most degenerate & exploitatative aspects of the housing crisis. It's hard to empathize with landlords who thought they could get a slice of the profiteering pie and now got burnt.
I assumed incorrectly that you were referring to private landlords simply making profit.Making a profit and profiteering aren't the same thing.
What decisions or legislation are you referring to here?due to the (I think deliberate) decision by various FG-led governments to strangle housing supply in order to drive up prices.
A large section of the public are against increased height and density, look at all the objections to any development of scale.Continued draconian height & density restrictions;
Derelict Sites Act is more than most countries are doing. We're doing way better in that regard than many of our European neighbours.no effort to get derelict buildings renovated,
During the pandemic building was shut largely shut down, then Sinn Fein seem to be systematically objecting to any proposed affordable developments.zero affordable houses & cost rentals last year
That would be an awful policy! I'm not sure there are a lot of gold courses in the areas with greatest social housing need, but the last thing they should be doing is removing what little green space there is left.no compulsory purchase orders for golf courses
They take up relatively little space and allow for a much more efficient bus service. Moving these out would cause far more problems for the sake of a small number of units.huge bus garages in the centre of Dublin
Continued draconian height & density restrictions;
no tax penalties for vacant properties; no effective tax on land hoarding,
the budget made such allowances permitted and the parties of the left lambasted them for being pro-landlord.no effort to get derelict buildings renovated,
Where have you been living since March 2020? And prior to CoVid, we were coming out of the worst financial crash since the Great Depression in 1929. If I want to build one house, it'll take be over 12 months (best case scenario) from start to finish. To build estates with hundreds of house takes years. The plans are being put in place now, give it 2 years or 3 years (government to run til 2025 anyway!) and see how housing building numbers are looking then.zero affordable houses & cost rentals last year (and a derisory number this year),
sure build a few apartment blocks on stephens green and marley park while you are at it. And get rid of the roads in the city centres and just have footpaths. Imagine all the apartment blocks you could build 50 storeys high?!no compulsory purchase orders for golf courses and huge bus garages in the centre of Dublin etc etc etc
That's a red herring. Donnybrook golf course & the nearby bus garage alone could accommodate apartments for thousands of people, and the same applies to Clontarf golf course and others. Golfers golfing in the middle of the city while others have to spend 4 hours a day commuting beause they can't afford to live anywhere near the city makes no sense. Buses sleeping in the centre of the city rather than around the outskirts makes no sense either.sure build a few apartment blocks on stephens green and marley park while you are at it.
There are 12 golf courses within the M50!That would be an awful policy! I'm not sure there are a lot of gold courses in the areas with greatest social housing need, but the last thing they should be doing is removing what little green space there is left.
12 isn't a lot given the population living and working in the area. With ~500 golf courses around the country, you could argue Dublin is currently very much under-served.There are 12 golf courses within the M50!
Yes, they are "green space" but only accessible to a tiny % of the population and not very intensively at that.
I would build on half and put the other half to leisure use.
It's less a red herring than your suggestions. A large scale development like that on Donnybrook would breach the density limits and is very unlikely due to massive opposition. It also wouldn't solve the problem for those who have to commute 4 hours, they wouldn't be able to afford to buy anything that would ever get built there.That's a red herring. Donnybrook golf course & the nearby bus garage alone could accommodate apartments for thousands of people, and the same applies to Clontarf golf course and others. Golfers golfing in the middle of the city while others have to spend 4 hours a day commuting beause they can't afford to live anywhere near the city makes no sense. Buses sleeping in the centre of the city rather than around the outskirts makes no sense either.
Why is a long term lease to a council a good idea? They guarantee the rent ok but you'll be tied in to a ten year contract, you can only sell to another investor, you can't use the property yourself, rent is 20% below market rates, no regular rent increase, no say about tenants. What if the government brought in a huge second property tax and you weren't able to pay it or new rules about energy efficiencies/insulation or some other new property tax and you're tied in? Why not rent to a private tenant or sell?Hi All
After recently purchasing an investment property with intent to lease on a long term basis to the council, ive now been told that since the 'Housing for All' policy, the Department of Housing has ordered the halt to any further long term leases.
I have received the requirements back in July for what work to do to the house (B3 BER rating, new kitchen / bathroom, floors, painting etc etc) and have put around 50k into renovations on top of the purchase price, to bring it up to council specifications.
I've obviously not signed anything, just have email correspondence from the council as to what spec it needs to be before they'll inspect it, which i've completed, now they have told me this.
Wondering do I have a leg to stand on / where to escalate / how to escalate?
1. Twenty per cent guaranteed is not bad actually. (And it's 15% for properties with an annual service charge.) An agent would charge you about 8%. Voids might not be a problem these days, but historically, you'd normally expect 5 to 10% void periods between tenancies. Then there's costs of repairs, maintenance, replacement of furniture and effects.Why is a long term lease to a council a good idea?
Rents increase in line with CPI.They guarantee the rent ok but you'll be tied in to a ten year contract, you can only sell to another investor, you can't use the property yourself, rent is 20% below market rates, no regular rent increase,
No skin off your nose. If they wreck the place, the council have to repair it.no say about tenants.
Extremely unlikely to be retrospective. If they did make improved standards mandatory for rental sector, it's the council's problem not yours! Best case scenario, you might even end up getting back a property with significantly improved BER.What if the government brought in a huge second property tax and you weren't able to pay it or new rules about energy efficiencies/insulation
or some other new property tax and you're tied in? Why not rent to a private tenant or sell?
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