Nope. The State, incapable as it is to provide adequate housing, has outsourced its responsibility to the wonders of the all efficient private sector.So the taxpayer will fully underwrite the landlord's investment!
In turn it is now, apparently, charging too much tax on rental income.
Landlords are, apparently, on a hiding to nothing. They pay so much tax, but take "all the risk". Isnt that why they are, apparently leaving in their droves?
So to alleviate some of that risk, a tenant who through no fault of their own loses their job. As a prsi contributor, the state will cushion the blow somewhat of the loss of income through unemployment benefits.
As a landlord, who pays prsi, what protections are afforded if I end up in financial difficulties as a consequence of my tenant losing their job?
I would suggest that where a landlord is in genuine financial difficulties as a consequence of the above, and in consideration of the landlord paying so much tax on their income, including prsi, that the State is liable (in such circumstances) to cushion the blow through state supports.
This will provide some security for tenants and landlords, provide for a more stable rental market, and provide time and space until the finances of both party are restored.
Its called social insurance, its called giving a dig out to those who need it, when its needed, if ever.
Its nowhere close to underwriting the full investment.