tenant not paying rent wont leave

Bronte said:
Being a landlord is a business not a charity. The fault of the homeless is the result of inaction by the government in not building housing stock, in not making it easier to build and by stupid taxation policies that discourage landlords from entering the business and in fact encourages us to leave it.
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You are right there. It is a business but the government treat landlords as unpaid tax collectors. People who rent think that landlords are not entitled to a profit
 
TheBigShort said:
I just figured, this comment was meant for me. o_O
The question im asking is, if 50,000 landlords sold up their properties in last 3 year, where did the properties go? To other landlords perhaps? Perhaps former tenants, now property owners?
If 50,000 properties came onto the market last 3 years, wouldnt that have put a downward pressure on prices?
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Not necessarily when there is a big increase in population in areas where properties are not in plentiful supply. Plenty houses in Leitrim but not much good if Microsoft etc locate in south Dublin
 
Vanessa said:
Not necessarily when there is a big increase in population in areas where properties are not in plentiful supply. Plenty houses in Leitrim but not much good if Microsoft etc locate in south Dublin
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Very true. But regardless of '50,000' landlords leaving the market...the point is, the properties dont leave the market.
It makes v little difference, except to have more properties available as social entities for shelter, security and families instead of being commodities for profit and private pension funds.
The less landlords the better.
 
TheBigShort said:
Very true. But regardless of '50,000' landlords leaving the market...the point is, the properties dont leave the market.
It makes v little difference, except to have more properties available as social entities for shelter, security and families instead of being commodities for profit and private pension funds.
The less landlords the better.
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Thats a stupid comment. There will always be a demand for accommodation by people such as those.starting work, students, people in between selling and buying.
Not everyone wants to be compulsorily housed in some East European style multi storey block.
I think we will manage ok without the socialist paradise
 
TheBigShort said:
Very true. But regardless of '50,000' landlords leaving the market...the point is, the properties dont leave the market.
It makes v little difference, except to have more properties available as social entities for shelter, security and families instead of being commodities for profit and private pension funds.
The less landlords the better.
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Threshold and Daft would suggest they do. They can be taken off he market or switched to AirBnb as just two examples how.

The four other major cities - Cork, Limerick, Galway and Waterford - together need something similar in scale. As it stands, they are starved of rental supply. The graph accompanying this commentary shows the total number of rental homes listed across all four cities on the 1st of November every year since 2006. On that date this year, there were just 251 homes available to rent across all four cities - an almost 90% fall from the number available in 2009.
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Commenting, Threshold Western Regional Services Manager, Diarmaid O’Sullivan said: “The findings are a cause for concern as they indicate that there is an increase in the numbers of landlords leaving the rental market. Given the shortage of rental properties in the city at the moment, this is a worrying development.
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Why Threshold think this is a new trend when its been happening for many years, is baffling. I wonder how many Landlords left due to their interference.
 
The findings show that the other main reasons tenancies are terminated by landlords are that they require the property for their own or a family member’s use (16%), they intend to carry out substantial renovation on the property (8%), or the tenant is in rent arrears (22%).
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So arrears is a cause in 22% and renovation is 8%. Which issue was all the talk about putting in even more rules, the renovation work.
 
Vanessa said:
Thats a stupid comment. There will always be a demand for accommodation by people such as those.starting work, students, people in between selling and buying.
Not everyone wants to be compulsorily housed in some East European style multi storey block.
I think we will manage ok without the socialist paradise
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I dont have anything against landlords. My comment was in the context of treating housing like a commodity to buy and sell for profit. When money is cheap it induces lots of people to speculate and become 'landlords', inducing developers to build empty shells in leitrim while demand is in Dublin.
Landlords can provide a vital service in the provision of housing. Property speculators, passing themselves off as landlords, are inadequate to do so. I suspect that if 50,000 'landlords' have left the market, that they were mostly speculators hoping to use the 2nd house as a pension fund and got caught out. It is these people I was referring to.
I accept how my previous could be misconstrued as anti- landlord, I hope this comment explains my view more clearly.
 
There is a shortage of property, in Dublin at least. Landlords leaving the sector do not take their properties with them, the properties are sold to other buyers. Their is a shortage of housing for owner-occupiers too.
 
There is a shortage because it's not economical to be a landlord, or to build new houses. Housing does leave the owner/renter market. Its been widely reported for years.

Successive govt have done nothing to ease this, rather it could be argued they have over heated the market most likely deliberately. Perhaps to encourage foreign investment and bring money into the country. However They have done little to deal with the primary cause of lack of supply.

You're basically pointing the finger at the symptoms as the cause of the issue while ignoring the actual core of the issues.
 
AlbacoreA said:
Housing does leave the owner/renter market. Its been widely reported for years.
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Where does it go? If im a landlord with one property and decide to exit the market where does my property go?

AlbacoreA said:
Successive govt have done nothing to ease this, rather it could be argued they have over heated the market most likely deliberately. Perhaps to encourage foreign investment and bring money into the country. However They have done little to deal with the primary cause of lack of supply.
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I agree, they are sold on the idea that housing is a commodity to be bought and sold for profit, rather than viewing it for its primary social function, shelter.

AlbacoreA said:
You're basically pointing the finger at the symptoms as the cause of the issue while ignoring the actual core of the issues.
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I dont think so. The core of the issue is that that government have left housing to the open market, to be bought and sold as commodities for profit.
When times are good, with money in abundance, speculators will pass themselves off as 'landlords'. When times are tight, they bailout.
Being a landlord, is a long-term role, the 50,000 landlords leaving the market are speculators. Good riddance.
 
Its already explained where property goes when it leaves the rental market. You seem to referring to social housing being outsourced to the rental market. Home/Buyer market is always an open market. Unless you mean under a different form of govt.

None of the above is caused by Landlords or investors. Also none of it has got to do with the OP original problem of over-holding, or indeed how that has been such a major factor in reducing supply of rental property.

Maybe you should start a new thread, where you can blame Landlords for a whole range of unrelated issues. Brexit, Global Warming etc.

Even if the Govt owned and managed directly all the social housing it itself would be a Landlord. The only way to have no Landlords is to have no rental market or social housing at all. So check you are not sawing off the branch you are standing on.
 
When a Pre 1963 property or any other property in multiple units is sold by a landlord who gets out of the business that property in most cases is sold to a buyer who converts it back to
a private home. There may have been 10 - 20 tenants in that property. Take a walk along the North Circular Road from Summerhill to the Phoenix Park and bring a calculator.
You will then understand that because of these properties been sold and the ban on bedsits why we have a homeless crisis.
Decent landlords provide a very necessary service , unfortunately our wonderful government does not agree
 
AlbacoreA said:
Its already explained where property goes when it leaves the rental market.
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Yes, I have explained it. If im a landlord and I exit the market, I sell my property. Either to another landlord (neutral effect on amount of landlords) or I sell to owner/occupier. One less landlord, one less demand from owner/occupier.
The housing problem has nothing to do with shortage of landlords. It has to do with shortage of housing. A consequence of a housing policy left in the hands of propeorty speculators (giving good developers and good landlords a bad name) , resulting in empty houses in leitrim and a shortage in Dublin - all in the name of short-term profit.
Housing is a long-term development, renting out property should be viewed with this consideration. Instead we had 'landlords' who expect their tenants to foot the entire cost of the mortgage, the entire cost of wear and tear, the entire cost of improvements and still expect to realise 100% of the capital appreciation upon retirement. That is not sustainable and those type of 'landlords' are best kept away from property speculation in the first place.
 
Are you seriously suggesting that the exit of 50,000 landlords has had no impact on the housing crisis ? I think you have a "chipper on your shoulder" against landlords , you probably
didnt get your full deposit refunded to you 20 years ago and you are holding a silly grudge for years.
 
robert 200 said:
Are you seriously suggesting that the exit of 50,000 landlords has had no impact on the housing crisis ? I think you have a "chipper on your shoulder" against landlords , you probably
didnt get your full deposit refunded to you 20 years ago and you are holding a silly grudge for years.
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Im asking a simple question. Perhaps you can have a go.
If there are 10 houses in stock and one is owned by a landlord, and the landlord subsequently exits the market, how many houses are left in stock? What happens to the property owned by the landlord?
 
robert 200 said:
When a Pre 1963 property or any other property in multiple units is sold by a landlord who gets out of the business that property in most cases is sold to a buyer who converts it back to
a private home. There may have been 10 - 20 tenants in that property. Take a walk along the North Circular Road from Summerhill to the Phoenix Park and bring a calculator.
You will then understand that because of these properties been sold and the ban on bedsits why we have a homeless crisis.
Decent landlords provide a very necessary service , unfortunately our wonderful government does not agree
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There's also a lot of vacant properties. I know a good few around me, and I know people who keep a house empty, using it rarely, or chasing unrealistic prices rather than renting it. Because they don't really want to sell, but renting its too much hassle. Some are just abandoned. The house I grew up in, on a main road, in a suburb has been boarded up for over a dhe Govtecade. A house opposite me has been empty for a year until it recently sold. I know someone else who looks after their elderly parents, hasn't lived in their one house fr 6 months or more. All of these people think its too risky to rent the property even though they could do with the the money, and the house be occupied for heat, and security.

Over holding needs to be tackled. Instead its seems to be getting worse. Security of tenure is one thing and a goo thing, badly need. But its being abused.
 
If that property is sold and has 10 rent allowance and HAP tenants they WILL NOT get alternative accommodation and they WILL be made homeless.
 
Lorcan Sirr (housing economist in DIT) has estimated that between 6,000 and 12,000 housing units are lost every year due to dereliction.

The last census actually showed a net reduction in rental units, which is extraordinary when you consider our population growth and the significant reduction in the proportion of owner occupiers.

There is no doubt in my mind that government policy (tax and regulatory) is the primary driver of this evolving crisis. Facilitating significant over-holding is a material part of the problem.
 
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