Both are true, neither contradict my point that rents stagnated from early 2002 with the relatively minor injection of new supply at that point.Supply was increasing but it was the influx of labour post 2004 that allowed the supply to expand as it did up until 2008.
Some rental properties house more than two people however when they are purchased as owner occupied the no of bed spaces reduces.True but if the house is sold it's likely that there'll be one less family in rental accommodation/on a homeless list etc. I do agree that's it's not desirable but it's not as if the house gets demolished.
It'll be interesting to see what happens when interest rates go higher than net yields and the big institutional investors that everyone loved to hate start leaving the market.
Possibly. We certainly need more smaller units, better (not higher) building standards particularly in the area of factory built homes, a way of freeing up building land (that could be through taxation or tax breaks or planning reform or whatever, it doesn't matter as long as it works).Both are true, neither contradict my point that rents stagnated from early 2002 with the relatively minor injection of new supply at that point.
There's probably a lesson there for today's policymakers if only they'd see it.
Placing the responsibility with the State where it belongs and taking private landlords and institutional investors out of the firing line would be a good start.
If there is a responsibility to house citizens then it sure isn't on private landlords to shoulder the burden.IF that's where it belongs in the first place!
And, if the state is responsible for housing its citizens, then surely it's also responsible for feeding them, clothing them, burying them and perhaps even changing their nappies?
https://www.irishtimes.com/ireland/...-any-eviction-ban-says-sr-stanislaus-kennedy/ Read on Ireland Newspapers http://www.munben.com/newspapers/stores/irl/If there is a responsibility to house citizens then it sure isn't on private landlords to shoulder the burden.
Completely agree with this Purple. Biggest issue for me is the threat of bans on evictions and/or selling with tenants in situ. The RTB are often quoted by politicians as being there to aid landlords but I think at this stage everyone knows it is no friend to landlords.Why should landlords get tax breaks on their personal income that other people don't get? Until recently I was a landlord so I know what's involved but I never understood why there was an expectation that they should get some sort of special treatment.
What would have been useful is a reform of the RTB so that it supported landlords as well as tenants. An effective mechanism where tenants could be evicted for non payment of rent or antisocial behaviour would have been much more useful.
I don't take anything she says seriously. She's nearly as bad as McVerry.
The RTB are a disgrace in how they treat landlords. They are a tenant advocacy body.The RTB are often quoted by politicians as being there to aid landlords but I think at this stage everyone knows it is no friend to landlords.
They should if they're providing an essential item(service/commodity, not sure which applies here) - i.e. long-term tenancy.Increases in tax bands help every income tax payer so that's not nothing. The pre-letting costs are not nothing, though they certainly aren't much. Why should landlords get tax breaks on their personal income that other people don't get? Until recently I was a landlord so I know what's involved but I never understood why there was an expectation that they should get some sort of special treatment.
Just for the laughs, it's worth noting that there's a very generous tax exemption for income from long-term letting of farm land, up to €40,000 per annum. https://www.revenue.ie/en/personal-...and-and-property/leasing-farm-land/index.aspxWhy should landlords get tax breaks on their personal income that other people don't get? Until recently I was a landlord so I know what's involved but I never understood why there was an expectation that they should get some sort of special treatment.
Property rental is one of the few (maybe only?) sectors where the asset being rented out appreciates rather than depreciates during the rental period. Most other rental industries that I can think have to replace stock over a period of time. Does any other rental sector gain special tax treatment (I see Tommy has already pointed out one farm related exception)?They should if they're providing an essential item(service/commodity, not sure which applies here) - i.e. long-term tenancy.
There should be 0% tax on long-term rentals in my opinion.
Property rental is one of the few (maybe only?) sectors where the asset being rented out appreciates rather than depreciates during the rental period.
A residential investment property must be maintained over the years at considerable cost, as otherwise it will become uninhabitable and ultimately worthless. The country is full of properties that are now uninhabitable because they weren't maintained properly.Property rental is one of the few (maybe only?) sectors where the asset being rented out appreciates rather than depreciates during the rental period. Most other rental industries that I can think have to replace stock over a period of time.
So power supply employees, truck drivers, Irish Water employees and other essential workers should also get these tax breaks as they are providing essential services? What about non-essential but important sectors such as healthcare and education, should they get them too?They should if they're providing an essential item(service/commodity, not sure which applies here) - i.e. long-term tenancy.
Why?There should be 0% tax on long-term rentals in my opinion.
Why?Short-term rentals or where the person has a home already somewhere else, should be taxed.
The kind of blanket tax that exists at the moment is wrong.
Do you think there should be zero tax on rental income?A residential investment property must be maintained over the years at considerable cost, as otherwise it will become uninhabitable and ultimately worthless. The country is full of properties that are now uninhabitable because they weren't maintained properly.
Sure most of the income farmers get is in the form of handouts. It would be unfair to tax them as well!Just for the laughs, it's worth noting that there's a very generous tax exemption for income from long-term letting of farm land, up to €40,000 per annum. https://www.revenue.ie/en/personal-...and-and-property/leasing-farm-land/index.aspx
I'd abolish income tax altogether, and the public expenditure it finances.Do you think there should be zero tax on rental income?
Note that it's not farmers who benefit from the long term land leasing exemption, but landowners who have quit farming or who have never farmed.Sure most of the income farmers get is in the form of handouts. It would be unfair to tax them as well!
I'm a Dub so they're all the same to me.Note that it's not farmers who benefit from the long term land leasing exemption, but landowners who have quit farming or who have never farmed.
Property rental is one of the few (maybe only?) sectors where the asset being rented out appreciates rather than depreciates during the rental period. Most other rental industries that I can think have to replace stock over a period of time. Does any other rental sector gain special tax treatment (I see Tommy has already pointed out one farm related exception)?
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