I also believe there should have been a penalty point type system put in place to tackle bad LLs, reach a certain point, and you are precluded form being such. This should entail, condition of property, attitude of LL, refunds of deposit etc.
I also believe there should have been a penalty point type system put in place to tackle bad LLs, reach a certain point, and you are precluded form being such. This should entail, condition of property, attitude of LL, refunds of deposit etc.
We have a housing crisis and a chronic shortage of rental properties.Was it a whacky idea when the Taxi regulator smartened up the Taxi Business.
Poor attitude, dirty Taxis,over charging ...
The person only has to put up with the cab for a short time,
They're stuck with the property LL for years.
Some people aren't fit to be LL, accidental or not.
Having a Put up or shut approach is what's whacky in this day and age.
Was it a whacky idea when the Taxi regulator smartened up the Taxi Business.
Poor attitude, dirty Taxis,over charging ...
The person only has to put up with the cab for a short time,
They're stuck with the property LL for years.
Some people aren't fit to be LL, accidental or not.
Having a Put up or shut approach is what's whacky in this day and age.
Having a Put up or shut approach is what's whacky in this day and age.
With 2 kids growing, 12 Nieces and Nephews soon to be on the market for property, I don't want them paying half a million for a shoe box saddled with debt for years to come, or end up with the LL from hell.
Let's not forget the government has given landlords an enormous boost by pursuing policies that have caused property and rental prices to rocket.
That boost applies to all property, not just Rental properties.
Property tax, tax on mortgage interest, PTRB fees etc have all increased rents significantly without increasing incomes for landlords. My landlord pays €600 a year in property tax. To earn that from me he has to charge me €1250. That adds €104 a month to my rent. I have to earn €2600 to end up with the €1250 in after tax income to pay him the €1250. In effect because he pays the property tax and not me it costs me twice as much. Look at that nationally and it's a massive increase in tax income for the government.Some of it does. Rent Allowance only applies to rental properties, to the tune of over a quarter of a billion per year, up 30% this year, which is effectively a landlord subsidy.
Consolidation in the rental market seems like a logical conclusion to me if things stay as they are. Prices are getting to high for ordinary purchasers. Restrictions & red tape are making it too harsh for small landlords (both on the income side and time / hassle side). Small landlords will continue to leave the market and will perhaps be bought out by larger landlords / institutions. This I think would be a better outcome in any case. The institutions would have deeper pockets to provide better rental accomodation. Likewise any non-payment of rent / damage to property would be persued and a criminal charge would result (as would happen if damage was caused to anyting else). Knowing that your landlord was a well funded organisation would make any dodgy tenent out there think twice, especially if there are only a few landlords to choose from! It would also be far easier for PTRB to deal a smaller number of larger landlords. The knock-on effect of this would be better legislation whereby long-term rental agreements are entered into. Much like Europe. Without a decent lump of cash from their parents, the 20-30 somethings of today and probably from now on will only really be able to rent a house or live somewhere undesirable.
All fine and well until you wake up some morning and realise that Denis O'Brien or someone like him owns the entire available rental residential stock in your town or district.
What do you think is going to happen to rents (not to mention tenants' customer service) from that point onwards?
And any Year Zero-style mass reconfiguration of rental property ownership is going to take decades to realise. Are we going to condemn generations of renters to misery and endless shortages in the meantime?
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