Why are landlords leaving the Irish rental market?
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- Опубликовано: 12 сен 2022
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I am from Russia and in our country if you as a tenant won't pay for rent or for damage you made you will immediately be delivered to the street.
Same Latvia! Ireland it’s to soft with scumbags! Disrespectful they get house and live for free!+ damage.
Russia or Turkey?
@@xzadzzazz5913 and Turkey as well
yep..... except Russia is an absolute shit hole. And the people are conditioned peasants.
India as well
RTB are laughable. I have sent 6 emails over 6 months to unregister a property and get an auto response each time saying someone will view the email in within 5 days. Then in return I am getting non reply emails to re-register the same property thats now sold.
These bodies and other similar bodies in this country scream inefficiency. Being a Landlord these days is loaded with red tape, obstacles and ever increasing risk. Just not worth it any more.
I'll tell you why - the RTB was introduced, rules created. You can't get through to the RTB for hours, when you do they don't actually know the rules apart from referring you to the website. Tenants wrecking the place and using the RTB to stay rent free - and then I pay 50% tax for the pleasure
You left out the part where you have a choice. I had a choice to become a landlord and I had a choice to start a business. There are risks with both and there is always a rainy day around the corner. That is life but you had and more than likely still have a choice if you feel being a landlord is not for you. Just my two cents.
@@craiglawlor2749 i have no issue with any criteria if it is clear and understood by the authority who issue it. In this case the RTB staff dont understand the rules and are so understaffed they cannot handle the volume of calls they get ... why do they get so many calls.... because neither landlord or tenant understand the rules in a clear way
@@craiglawlor2749 I think the point was they are exercising that choice by leaving in droves. Meanwhile there is an acute shortage of rental properties with cases of tenants queuing around the block to see one property. The people losing "choice" are tenants.
@@jamescaley9942 the reason tenants are losing choice is because buildings are being purchased on mass and off plans by nvestment arms. That's a completely separate issue. As a tenant and a landlord I have found that many private landlords do not realise what they are getting into due to complete naivity and many can mortgage second properties with a work hefty bonus and equity on current property, like in my own company where i have many colleagues doing the same. They think it's all smooth sailing with the tenant covering the mortgage until things start breaking down often due to lack of planning or maintenance. My landlord hasn't set foot in here in over 3 years. The balcony door is leaking, Bord Gais served a notice due to no boiler service in 2 years and I have been clamped numerous times due to him not renewing his parking permit on time. Do you know why all of this is? Because he can't afford to be a landlord. I am paying his mortgage and I am paying into his pension through equity in this rental property while i rent out my house. There's nothing left for him and he is in that position due to a risk that he has taken. This is the problem with many landlords that think property is an easy investment when in reality, its a second job.
@@craiglawlor2749 you talk utter crap!
I am a landlord and a tenant. There are two sides to this. My view on it is, there are risks with any investment and being a landlord is no different to being self-employed in my opinion. It is not for everyone.
@@White_Chapel I think you replied to the wrong message!
@@craiglawlor2749 looks like it.. sorry
Yep there are risks. But I've never heard anyone tell a self-employed person 'oh well it's a cost of business ' when they don't get paid.
wages dont get capped when the cost of doing business isnt and the courts arnt biased to the non payer
Thank you so much for the very formative information. I heard you recently on News Talk about letting property.
It is wonderful to listen to you giving amazing down to earth advice.
Same in Queensland Australia. Landlords no longer have any rights or say over their own property. This is a world wide provlem that will just get worse as more landlords sell up. Governments cant afford to pay for housing.
If government can't afford to provide affordable rental housing it should be thankful that the private sector is assuming this role and at least balance the scales legislatively, rather than providing more and more concessions to the leaners and none to the lifters. In Tasmania the Tenants Union has had the Green and Labour Party's ear for far, far, too long! Sad to see that the rot is world wide.
Yes, they can. They need, in the first instance, to tax multinationals properly, and in the case of the so-called PIIG countries in Europe, make the case for bank-bailout reparations after saving the euro.
I'm doing an assessment on Discuss the potential problems associated with the application of a rent cap to the rental market in Ireland. This is very good for information. Thank you
I can see both sides of the story. Unfortunately, this has been caused by a lack of advance planning in government for decades. Housing strategy is something that needs to be developed for years in advance. I heard a story today of a US student, looking for accomodation in a shared house in Tallaght, was shown to the room with double bed and told he'd be sharing that double bed with a stranger for 750 a month! Even on minimum wage youd be working all the hours god sends just to pay the rent, never mind study and eat!we're in a dire situation because politicians didn't know or weren't informed they'd have to plan decades ahead. I can see why if the risk of being a landlord is so high, this also pushes rents up. Its only going to get exponentially worse as interest rates go to 8 and 10%
There's no "both-sides"-ing this.
The 2% annual rent cap is punitive on Landlords and out of line with the 7.8% average rate of Inflation in 2022 so in basic economic terms, a landlord is losing money straight away. That's only the start of it. Furthermore as a Landlord of an apartment in Dublin, in 2022 my Local Property Tax on the apartment was increased, the Service Charge payable to the Management Company for the complex was increased, my own annual costs in undertaking ongoing repairs and maintenance increased due to more expensive materials and labour, the insurance on the apartment increased and then to top it all off my monthly mortgage repayments has seen two interest rate increases since September and another due in March. I have calculated the increases are costing me an additional e485 per month since this time last year. I'm only allowed to increase the rent by e47 per month due to rent controls. I explained this to the tenants and they basically said tough shit, it's not their problem. Now it is their problem because I've given them notice of termination and am selling up. That's a family of 4 now soon to be without a home to join the housing queue because their landlord has gone broke and can't recover his costs. The video above asks 'Why are landlords leaving the Irish rental market?' There's your answer.
Did the tenants leave ,they could easily stay and overhold
Have to be honest here, i live in france (im an irish expat), france has their rights perfectly balanced, tenants are secured and safe from the elements in the winter, however the landlords are legally supported in terms of unpaid rent and deposits etc etc. I need to be honest but many renters in Ireland do not have the supports available to them as do the french. I lived in a home where 50 other people lived, the landlord shoved students into bunkbeds, undocumented and made them share 2 showers between them. You can imagine they certainly tried to find support. The prtb were slow to act and unwilling to do anything about the situation. Its literal day light robbery happening back home in dublin. The cost of living is skyrocketing yet the incomes are staying the same. The Guards turn a blind eye to private debt collectors coming and pulling people out of their homes. Currently, i could rent 4 apartments in the capital of Normandy (super high quality) for the price of one 1 bed apartment in Dublin. Its madness. My friends back home who chose to get educations are still living with their parents. I just think that landlords should be subject to strict rent caps like in Germany. A large section of apartments need to be allocated for social housing, and we need to start looking out for the average irish citizen. Id love to move back, but with the state the country is in now, why the hell would I?
Ah it's alright they are replacing migration with so called refugee men from africa
by expat, you mean immigrant.
Is there a property supply issue in France or Germany for the last 10 years pushing the capital values and so reducing the return on investment as economy booms. In Germany it takes 2 generations to buy a property. The big issues are in the cities, so compare like with like Dublin/Paris, Normandy/Wexford. Rents in Paris are not cheap either. Rents in Wexford are cheap compared to Dublin. The Gardai dont not turn a blind eye to physical assault. Rents are capped in Ireland in the high density areas. 20% of every housing development of more than 4 units is allocated to social & affordable housing. The issue is not enough is being built. Doesnt matter if its owner occupied or rented, its a home and an increase in supply. Price be it rent or the property cost is the equilibrium of supply and demand a law of economics.
@@Finderskeepers. Gardai do turn a blind eye on assault. I've reported an assault and they more or less didn't take it serious as it was a security guard attacking a female who had stole and was no longer on the premises. It was like a science out of street fighter I'm showing my age. It's disgusting they wouldn't even go speak to the security guard about it. As an Irish person I have a right to leave my house and not see this violence it's disgusting
@@sinade5091 That sounds like someone getting their property back, but I didnt witness it. Its not my experience. Report it to the ombudsman.
Thanks Terry, subscribed. Was going rent out my house but will now look at selling it instead.
I am very interested in this video. Thank you for doing it. I won't tell you yet, because I don't have time to watch it now. Tonight for sure. I can't wait to comment, I haven't seen it yet because I'm very interested in this topic. Thank you, you are always so right. I have pending to make an appointment with you for some consultations.
In British Columbia, we have rent control, but also some of the highest rents in the world relative to income. If a tenant fails to pay rent, the landlord can issue a 10-day notice to end tenancy for non-payment of rent. This seems a lot better than the regimes in Ireland / UK / Europe. Our problem is sky-rocketing costs for repairs / maintenance / interest. Many landlords are seeing their annual costs increasing 20 - 30% per year; whereas our RTB just set the rent increase for 2023 at 2%. So, as in Ireland, landlords are leaving the industry in droves.
Homes shouldn't be a business. If it's not worth renting it out, sell it to a family who need a home. Rents are already unpayable so what do you think people can pay? The hotels are already full of evicted families and individuals and people who get now evicted are homeless as the waiting lists are full. In the meantime vacant buildings are falling apart
If all the landlords sold up tomorrow there would be a national homeless crisis. People are scrubbers they won’t ever buy so they rent off people that have got their lives together. We live in a capitalistic system. If it’s not profitable how can you expect the landlord to do it? You can’t moan because you’ve fucked up financially and the “system isn’t fair” etc etc it’s all cry baby bitches. Sort your life out. Social housing is a fucking joke GOOD LUCK getting a house unless you’ve got 18 disabled kids and your missing 3 limbs and are homeless. There’s isn’t enough to go around and they don’t give a fuck. Government doesn’t give a fuck. The private rental sector props up the failings of people. Remove it and watch the system collapse into a homeless crisis.
@@mariellafock3547 Nobody is forcing you to rent , buy a house and you wont have a problem with a landlord. Why should anybody invest in a vacant property to rent it to the like of you ?
@@mariellafock3547 so why a family doesn'n buy a house ?? thare are plenty on the market - buy it and stop renting ! 😀
@@mariellafock3547people are selling the rental properties, that's the problem.
The RTB and the Government think its the private landlords responsibility to provide social housing. The RTB are trying to prevent me from selling my Mother's old house stating my notice period issued is invalid.
The major issue that needs to be addressed is the rental income tax rate which is utterly ridiculously too high especially for landlords who have 1 rental property which has a mortgage....
Maybe don't try to generate passive income from people's housing needs? Idk
@@mike_mcgb I'm certainly not doing that
@@Rayk76 I agree with you. Landlords here are Stamped as evil but a lot of the landlords only have one house they rent out and for them it's not worth the hassle and especially the tax they have to pay. High tax makes absolutely sense if there are people who make a proper business out of it , having several houses and renting it out to dozen of people for a ridiculous prize. But in all fairness, I know from my own experiences that renter have less protection than the landlords here. So I'd say low tax on peoples second house and everything above it can be taxed highly. Everything else is money making and not securing a home for you and your family
@@mariellafock3547 100%, there is a misperception out there that landlords are making big profits from rental properties, which may be true for landlords who have no mortgage attached to the dwelling (s) but small landlords like myself are lucky enough to have a 3 bed semi rented out but it has a mortgage and we aren't renting it out for profit, infact its costing significantl sums yearly to rent it out, but were doing so purely to cover the mortgage and in time sell it, its reassuring for us that we are giving a young family who are receiving assistance from HAP a home, there should be more incentives tax wise for small landlords
@@mike_mcgb Then buy your own house
I'll tell you why private renting and Reits are doomed... For all the reasons above PLUS the tenants have all the power... AND when Sinn Fein gets in you're done for... They'll ban any evictions on any grounds, cap Rents, and may even force landlords out of the market.
Threatening us with a good time!
Truth! Sinn fein will do exactly what you said. They even admitted it themselves on their website
The damage is done, no much point in bringing new help for landlords as most have left the market. I'm down to 2 properties and will definitely sell when tenants leave
🥶🥶🥶winter is coming and people need homes 🙁🙁🙁
@@zzaudeean Fukem
How is that the landlords responsibility?
RTB, That's why. I am a Landlord for 15 years, moving back into my house soon (I hope) because i am actually in fear of the RTB making me homeless, a refuge in my own country, paying a mortgage! Please keep me in mind if there is ever a class action lawsuit against the RTB
What's rtb
Canada said that they did not have to pay rent and the courts backed up for one year after this. They didn't have to pay rent so they didn't. They were still working but government made this. I warned them then that the government will have to house them in the future for these actions today.
exactly . I have an empty basemet in Midtown Toronto and my brother has 2 empty floors which we could rent , but knowing about the issue with THE liberal Government we'd rather keep space empty . Better safe than sound 😁
I'm a landlord now, I used to be a local Authority tenant for years, years ago.
On the one hand, some folk are completely dysfunctional, no life skills, unable to keep a home. I know, I watched them in the local authority properties, completely unable to fill out a form to organise bins (so they'd throw their rubbish into their back garden causing a rat problem), constantly needing to go to someone in authority to sort out every little problem... including the discipline of their own children. No DIY skills, so damaging the property trying to fix things... while in contrast other tenants were terrifically capable.
As a landlord (myself & my husband), we decided from the get go that we would not 'rent' furniture. I really really believe that's a big problem, landlords furnishing properties, then, if anything breaks, it's the tenants 'stuff'.
One discovery that appalled me is, although Fixtures & fittings for rented properties are tax deductible, the interpretation by the tax auditor is that that means furniture!! Which is neither fixed or fitted!! Replacing actual fitted kitchens etc. are not tax deductible!! Crazy
A kitchen is tax deductible for capital gains.
Thank you
@@ln5747 If I go in paint my property, replumb do all sorts of improvements I can’t claim for my own Labour. My Labor is set at Zero valuation. I’m supposed to be helpless get someone else in to do the work even though I can do it better myself. If I’m helpless I can claim. Familiar theme in Ireland.
My opinion is mixed. If you look at the taxes imposed on landlords and regulation, you can easily see why rentals are priced an extraordinary high rates. However, even if all the taxes were removed, I am not optimistic that rents would fall. I have had one landlord in America and he was great. In Ireland, I have had nothing but psycho dramas. My experience with private landlords is that they do not generally have a bearing on landlord tenant law and treat as lease as a “licence” rather than proprietary right which grants the renter exclusive possession (subject to law). Though I know, having studied law, that renters have quite a lot of rights, it had been my experience that landlords, especially when dealing with younger people or students may try to take advantage of their ignorance of the law in the matter. Granted, in theory it’s easy to enforce legal rights, but much more difficult for someone in a disadvantaged position to actually overcome the reality of an inequitable position. Nevertheless, I completely understand why landlords have been either selling their properties or renting them on Airbnb. The regulation is simply too much to bare for your average private landlord.
Well done for speaking the truth.
The first reason is property prices are sky high ATM. The second reason is there is an eviction freeze until April. (If you have a defunct tenant you cannot evict them). The Third reason is the hastle of looking after it evictions, management and replacing broken appliances etc. Fourth is tax it's the same as income tax I believe. Fifth is their not being treated like institutional land lords.
I am Irish but live in Belgium; in Europe the system is much more Tennant friendly than Ireland.
But there are plenty of properties available and at a much more affordable price.
In Belgium there is an independent inspection process and the deposits are held Independently.
The issues are much deeper than you suggest here.
I moved from Germany to Ireland in 2009. I had about 10 landlords before in Belgium an Germany. Some became friends, most were highly correct and we parted on great terms. I only had trouble with one - a nun, but without consequences.
In Ireland I had so far three landlords. The second one was a sollicitor and did everything by the book. I wish him well! The first and third ones were a disaster! I am currently in a dispute with my last landlord because of invalid notices given, reckless neglect of his obligations - me and my family got sick because of mould infestation, and harassment by his wife. Thanks God there is help! People like this should not be landlords.
How much are you seeking in compensation?
What was the cause of the mould? It's nearly always bad ventilation.
@@ChrisLee-yr7tz That is not correct, but it is the main answer of Landlords. Bad ventilation is actually rarely the real cause of mould infestation. Jean-Marie... if your Landlord accuses you, leave. Arguing is not worth it. There are as many bad Landlords as there are bad tenants.
@@OceanArtWildlife
Maybe. What's your source?
Even shelter states that the most common cause of damp is condensation. Clearly that can be caused by issues other than bad ventilation.
I'm a landlord and have seen bad ventilation cause damp and mould many times. In my cases its never been caused by bad insulation or faulty heating.
@@ChrisLee-yr7tz unfortunately it's indeed usually bad insulation and no proper heating in the house/ apartment. I'm a technician in the architecture section from Germany and I can see the differences in how houses and apartments are built and insulated. Back home you rarely have issues with mold in comparison to Ireland and there it's the same cause (usually old buildings, in any country) No proper insulation, especially around the windows as they are single glazed. The insulation needs to be properly calculated to avoid a cold bridge. Plus most Appartments don't have a heating system that makes it impossible to retain a constant warm temperature. Since a lot of Appartments are split into 5 single studios, you are only provided with an electric heater which can't be much regulated. I've got mold around the windows myself and personally I can't sleep well without fresh air during the night so I do open the windows regularly
I feel like everyone should strive towards owning a house/apartment not renting. I know that not everyone is in a position to be able to afford this, that's where the problem is. This whole renting and paying someone else's mortgage us a total bs.
As a renter perspective, I can say that renter don't have much rights even with RTB. The renting prices are so skyrocketed that only 2 percent increase is just too much. We need to get back down. I'm sorry to say that but I personally would have never bought an expensive property just to rent it out. Surely you can't make much profit out of it and it might be even difficult to get back in the costs. Don't try to make profit out peoples need for a home... as thousands of people and families are going homeless, that's just not right . The housing market should be regulated, which means most property should belong to Ireland, to be rent out to an affordable price. Instead the property is sold to foreign privet investors who destroy the market AND the life's of future generations. Irish people shouldn't leave the country because it's impossible to rent or to buy a home. It's a basic human right and without you are outcast... No home, no job, no life.
The housing market should be nationalised. The markets are clearly incompetent
I'm in California and everything he said has happened to me. I've been a landlord for 13 years now . the truth is-- all of the rental properties should be and eventually will be owned by large corporations. they're the only ones that can handle the politics and financial responsibility of rental ownership. Good video from Sacramento
Nonsense.
Own nothing ,
Yea no that's actually the opposite of what we need we actually need far more small time landlords because the mega corps are part of a globalist effort to grab up power and resources and concentrate them in a few ultra powerful companies creating a monopoly so large if it reaches its ceiling will never be toppled
Going back 20 years and more, landlords would rent out an investment property in order to cover PART of the mortgage with the goal of it eventually paying off the mortgage and then turning a profit. Somewhere along the line, landlords expected to turn a profit from day one, charging so much rent that it covers the entire mortgage payment with still a tidy profit on top.
They raise rents year or year despite no increase to their mortgages or expenses, but just expect to be able to give themselves another annual pay rise.
The rental market is regulated & managed far better in other countries while Ireland is almost entirely private rentals.
Used to be tenants didn't trash your rental, people did business on a handshake and landlords could take your word that you'd pay the rent. The whole business model had to change.
Renting property is a muggs game, sell up while house prices are high because another crash is not too far. away
There won't be a property crash.
I say that because building materials have gone up in price by quite a lot, roughly double, and a builder has to pass that price increase onto the buyer.
I personally would not hold off buying a property because in my opinion houses are going to get more expensive.
I was reading on revenue that the a self contained flat has to be attached to the family home to be eligible for the rent a room scheme. What happens if the self contained flat is not attached to the family home but is on the family property? Are you still eligible for the rent a room scheme? Thank you
Same in South East of UK & I strongly suspect other parts too. I'm a small residential landlord. One of my tenants owed £12,000 rent after Boris said he'd ban evictions during the pandemic. Thankfully most has now been repaid.
Now I have another, who didn't tell me they'd been a water leak until I called for another reason. If they'd called me as soon as they knew, it could've saved a lot of the damage cost, which is currently estimated at £8000- £10,000.
I plan to sell 1 or maybe both as they have almost crippled me financially & taken a toll on my sleep, life & overall health.
If I do rent out again I'm definitely never taking a deposit. I shall opt for a UK guarantor instead. Not only do the deposit companies always favour the tenants leaving the landlords out of pocket. I had a couple a few years ago who drilled everywhere on most of the walls for masses of cabinets. They cracked wood veneer doors badly too hanging heavy items on the top of the doors & closing them, crushing the wood frames & door ash veneer. The deposit amounts don't touch the sides for tenant damage, when it arises, now anyway.
My properties are stunning. Took a years of working all hours to get them. Very little personal money & social life while saving up. Now there's no point. If I ever enter the buy to let market again it would only be with far cheaper properties in a cheaper part of the UK. Some tenants today really don't appreciate places like mine. Sure they all want to rent them. But once they're in it's sometimes a different story. I'm seeing this a lot more over the last 5-6 years.
I'm getting calls from agents, some 25 ish miles away from my properties asking if there's any chance they'll be up for rental soon. All have told me private small landlord numbers have dropped off a cliff & they sometimes run out of rentals people want.
See, you could have had a social life *and* not had to worry about any of this.
@@mike_mcgb it's the financial path I took. Coming from a poor ish upbringing I didn't have much choice. Except to make it on my own. And financially it served me well mostly. Plus property prices have gone up there a lot. But the last few years meh. Some tenants attitudes have changed & landlords must be careful. If I sell, I'm still financially set, so it's not all doom & gloom.
@@TheJellyBabyxxxx I came from a working-class background and chose not to hoard housing in a housing crisis. Very easy.
There seems to be more scarcity of proper communication and trust between all parties involved. Because of this trend, it produces more bad landlords, bad tenants, and most egregious of all, bad institutions / policy makers.
I’d be investing in REIT’s sooner than I would consider being a landlord in Ireland unless things drastically change.
Hi Terry, hoping you can please advise. If I have a property that’s been payed off and it was bought for 312, now worth about 380-400…. How would I go about using this asset to acquire another property? I’ve researched this quite a bit but most results I’ve found are referencing the American market which is totally different. Thanking you ! Ideally I don’t want to put any more savings into this and would like to buy using equity.
Sophie, I don’t give advice on RUclips because that’s what I do for a living 👍
@@terrygorry 😂😂 very fair Terry, thanks for your reply nonetheless:)
Talk to a bank/financial advisor about remortgaging the debt free property and a mortgage on the new but make sure your comfortable with the repayments after tax is paid. eg 200 debt on both so new one costs 400. Debt brings its own risks.
I wish the Australian government would stand up to landlord like the Irish. It actually good to see a Government somewhere putting people before investors. Here in Australia nearly every landlord see a tenant as a milking cow and does their hardest to screw people over. These are the kind of people who would rather see kids sleeping in cars in the middle of the winter belongs they make some coin from it. These people are scourge on Australian society. You're lucky your government looks after people instead of putting $$$$ first. BTW it does not matter if landlord leave the market belongs the government is building sufficient government housing. My landlord is the South Australian Government which means i am no longer been cheated and milked by private landlords. Private rentals do not work. It just end up with landlord exploiting people and charging people over half their wage. Image working 3-4 days a week just to pay your landlord ridiculous rent price. It also completely destroy your ability to generate any wealth yourself. My advice is kick the landlords out and replace them with government housing. Place a hefty tax on homeowners who leave their houses empty. They can sell or rent.
How can we feel empathy when a huge portion of our wages is funding them to do nothing.
Terry you should consider a career as a narrator for bed time stories with that voice 😊😂
The laws in this country are totally balanced in favour of tenants and against landlords. The idea of having to register a tenancy every year is ridiculous and is just a money-making exercise. This kind of red tape and bureaucracy is why so many landlords are getting out of the rental market. Even if a tenant trashes your house, it's impossible to get them out. In other countries they have a register of bad tenants, but not here.
There have also been cases where a landlord has been ordered to pay a huge amount of money to someone he has refused to accept HAP from. This is absurd. A person should be free to decide to whom he wants to rent his OWN house.
Also, why are there such stringent controls on rent prices, yet none on sale prices? The price of houses is spiralling out of control.
Well Joe you think that landlords should be allowed to raise the rent as much as they want? That is a disgrace. Most landlords are greedy tax cheaters and do not tell me that tenants has more right. I have payed rent over 7 years for a scumlord who did not fix anything. I did fix his shittyhouse painted every year, powerwashed the pation all on my own cost. The manuresmelling c.nt kick me out under covid and tenancy board did absolute nothing but I hope life will puunish him wirh cancer or an accident when the rat can spend his miserable life in wheelchair. Most landlords here in Ireland nothiing but criminals who should have loose everything.
Pure joke … RTB payment going yearly for what… ?? What’s the purpose of them… as any trouble and you would need a solicitor not someone that doesn’t know any rules etc… 😂And now they want to bring down the inheritance from parents to kids ( that would be a great video) enjoy your afternoon 😍
Canada. Had no rent paid for two years. We're out.
Maybe don't treat a human right as a consumer good to be exploited?
This is a good example of regurgitating Irish Times rubbish as fact. That paper and David Mc Williams have been saying property prices are going to collapse for 30years , they were right for six months in 2007.
The Galway lady leaving g the house empty. Total tosh, first her house insurance is invalid , because it is vacant. Also she could let it at a lower rent to a niece , or through RAS . More likely she is running a AirBnB and stating stump.
The guy who couldn't cover his mortage. If he was renting for over 14 years, the mortage principle would be down 70%. Of course any house rent will cover that.
The 16month PTRB wait for bad tenants is a scandal . But that's the solicitor fault, who are too expensive to chase bad tenants for costs, or to get a court order against. Just in case the tenant comes into money in the future.
The dogs on the street know that the next budget will contain tax reliefs, so any selling now , instead of six months time are stupid.
My own belief is that most private landlords are going AirBnB , treble the profit, half the hassle.
Keep up the good work
The general population seem to assume that landlords are all aristocrats , Lords and Ladies, and probably Brits into the bargain. But the reality is it is often people like Terry’s carpenter client who is just completely fed up being messed about by disastrous tenants.
Can brits buy property here in Ireland? Send the buggers back. I say blow their houses up. Dirty foreigners
I had a house and gave up about three years ago. It was a nightmare , rent was never paid and I eventually had to pay the tennent to get rid of him. Never again.
I’ve been that soldier 👍
In former times companies such as the railway and textile factories provided houses for their workers and it remain the company house with the worker paying a rent. Do any companies provide housing for their workers these days?
Ryanair have recently bought houses in north county Dublin for their staff, it was reported recently
@@terrygorry be interesting to see how that works out
Looking at buying apartment in Ireland but 50 percent lost in tax not worth the hassle?
Some people think when everyone is zigging, you should be zagging.Just saying. Your call
These landlords can find a good property manager, who will monitor the property for them, so things don't get that bad. The morale of landlords is certainly down atm but there are also tenants that are great.
And if the tenant fails to pay rent do you think the "property manager" will pay the landlord for them?
Do you think that by having a property manager that the landlord will pay less tax?
Do you think at all before posting bullshit?
As usual its the bad ones that cause a problem for everyone, landlord or tenant. Property agents dont monitor properties, maybe and only maybe they visit once a year.
I am a non resident landlord. I have a pps number and I am an Irish citizen but choose to live abroad. Why do I have to pay a "collection agent" to complete a tax return for this property when I can easily do it myself??.....seems to me to be another easy way to get 1000 euros out of me with nothing in return. And please dont tell me that I can get the tenant to withold the tax ....simply not plausible in the real world
It's not surprising. We are living after all in socialist, liberal lefty Ireland where landlords are the bad guys an tenants can do what they like. We are lucky though that we don't have a homeless or housing crisis. After all we have an open door to Ukranians and other refugees together with a shed load of other immigrants coming into the country. So clearly we dont have a problem . Based on population if countries like Germany, UK, Italy , France were taking in the same numbers as we are they would be taking in over a million each. FF, FG, SF ,GREEN,LABOUR ,SOCIALIST are all on board with the same policies. We live in a single party and a single media state. Don't get me wrong, more than happy to do our fair share in helping out people who have hit on hard times from overseas. Would be nice also to look after our own people in Ireland who have struggled for years on the streets or dingy hostels for years . Not for them 4 star hotels. Oh God no. Not in socialist, liberal lefty Ireland anyway.
Totally agree. It will all collapse eventually.
Well said. I think it's really going to come back to bite us in the next 10 years.
"Socialist, liberal-lefty Ireland" that has had a continuous and unbroken run of right-wing governments for over a century. Give yer head a wobble, son
I guess the people who makes the rules only gets the point that landlords are not the problem……when there are no landlords left😂
If the tax breaks for small investors were attractive and the same as large investors there would be more interest in buying to rent. Short term letting is the way to go. Big money and no problem with long term tenants
This is key.
Most if not all local authorities in Ireland offer a scheme whereby a private landlord rents out their property to the local authority on a 10 15 or 25 year basis . Personally I think this is a really good scheme that works well because the landlord gets paid 80/ 85% of the market value of rent and in return the landlord has no involvement with the tenants and if something breaks the local authority replaces it plus It's a regular income for 10 15 or 25 years with literally no headache of having to deal with tenants as far as I know landlords that avail of this scheme are also exempt from paying the RTB fees. If you want to be a landlord without a headache or having to deal with tenants rent out your property to the local authority.
So you have individual contract directly from DCC, fair enough but again you seems to have only one point of view which is pretty vague too,
Yea and get cretins living in your property.
If the government wants to control the rental market they should build council houses and have full control.
We have sorted this problem out in SA. Three month (sometimes up to 6 months) rental deposit up front with supply of references and proof of income and employment. A signed contract lease agreement renewable every 6 months. Their deposit is invested and held in Trust If they leave after 30 days notice, and the property is in good shape, they get their full deposit back plus accrued interest. That is law. As the average house rental is approx equivalent to €1500-2000 per month (approx exchange rate 18 Rand to 1 euro) that is a lot of money. Three months plus one month in advance deposit which is like a saving account earning a decent j
Interest which they get back in full if no damage is done, has proven an excellent incentive. Furthermore the agents who collect the rental (for a small % monthly) are also required to inspect every so often. Fortunately income tax is minimal. Ireland needs to cop on and change the legislation.
Can you set up a limited company and claim tax as a ltd.
You don’t claim tax, you pay it 😳
@@terrygorry thanks for getting back to me. I made a typo! to claim tax benefits * i.e lower rate of corporation tax and expenses. I currently pay 40%tax on all my rental income
@@eamonnoshea6832 speak to your accountant, it’s not that straightforward and there are many factors to consider, not just an apparently low rate of corporation tax
Vulture funds / Investment funds / Reits...pay a very very low income tax compared to other land lords. This Government made that possible. Therefore Vulture funds are having a bigger benefit than singular landlords. That ads to to the reasons singular landlords are leaving the market. But also the coming recession is a driver for selling the houses and apartments for inflated prices should be now. The BTRs are from developers / vulture funds. They can rent out apartments for 25 years and do not need to sell in that period. After 25 years they can decide to sell it back to the county council. Keep in mind this government pays 120.000 per unit. Therefore having a chance to own a place is very limited as most is scooped up by vulture funds. Thank the government for that. At the moment of checking daft. 811 units for rent in the whole of Ireland. This is a disaster in the making and more and more people become homeless and have no where to go. Thank you government for letting this happen and looking into the opposite direction while getting certain envelopes handed over to you. Plus a rise in your salary by 6500. For what. You are overpaid for ruining a country into the ground.
One landlord for the whole of Ireland. Goldman Sachs.
If landlords leave the market why does that decrease the stock. Presumably someone is living in that property? If they weren't they would be occupying another property
In other countries you can purchase a property and rent it through a company. It’s not worth your while in Ireland. I sold my property due to Taxation and it was an apartment and I was dealing with the worst management company in the world. I sold it with the tenants in situ so they wouldn’t be made homeless
Thats some tie
The big issue is that large scale REIT's can field non payments and damage because they know that 95% of tenants will pay on time and their good behaviour subsidises the bad 5% and enables such large scale operations to hire the best expertise and do all things correctly first time. They do not suffer the long non payments and wrecked apartments that can ruin a one off landlord.
In the past landlords came from the well paid middle class and self employed, a dream team would be a builder married to an employee in the public service, such as a nurse or teacher. These would be able to afford a second house in rural areas and let out their starter house rather than sell it. Public employees tend to get paid as well in rural Ireland as in Dublin so they do not suffer any disadvantage when competing to but a house in rurla Ireland, private employees tend to get paid less in rural Ireland, reflecting lower housing costs.
Now you have the situation when even middle class people cannot afford even one house and the self employed will not get a mortgage unless they have impeccable accounts and a well paid business of long standing, rare in modern times when many self employed business are struggling or have failed.
A perfect storm of high immigration, non existent public housing building and high costs on labour, land, and materials have contributed to the current situation. Add in very high house specs and green agenda insulation and sustainable heating costs and only the very rich can afford a new built house.
Well said!
Hi Terry, question on this. I don’t feel that landlords should be demonised as they have been but I struggle to sympathise with some of the arguments made. For example, is the RTB fee not only 40 euros per year? It’s hardly a major ongoing cost. Secondly, should renovations/maintenance not be factored in to the set rent cost?
I do think that landlords have some fair arguments in relation to taxation and also in relation to the willingness or power of authorities to return losses due to damage caused by tenants but I think some of the other arguments re RTB fees or maintenance costs are just whinging. Rental yields in Ireland are quite good are they not?
I am of the opinion that a lot of people are selling because property prices are strong and the cash return for many is good compared to continuing to put capital at risk in a highly taxed market.
RTB is a disaster for landlords 👍
Is it a disaster because of poor service or am I wrong about the cost of registration? I am not a renter and I actually have a person renting a room off me so I am not biased against landlords etc but I can’t find any information relating to a significant cost of registration but I could be wrong.
@@mikeyfinn2902 Its the hassle factor that the landlord has to pay for !!! while at the same time the system is biased towards those that havnt paid which can include non rent payment combined with the fact that rent increases are restricted while expenses are disallowed tax deductions unlike any other sector. Landlords feel like a punch bag and are blamed for high rents when it the governments failure to deliver on housing which creates the lack of supply pushing prices.
@@Finderskeepers. I agree with a lot of the sentiment especially re landlords being demonised. However, rent is set by landlords, not the state. Landlords obviously have to consider costs in setting rents but don’t have to increase it because the market dynamics allow them to.
@@mikeyfinn2902 Rent is set by the market and a product of demand and supply. The government have failed on the supply side but not on the demand side which is what is also pushing rents. It business. Should farmers or supermarkets charge less to provide food ?
Couldn't increase the rent after putting in a shower !!!! God help that women
A simple rule to fix the bloodsucking, if you buy a house you have to live in it. That will stop the investors buying up properties
And where do you think people who want to rent will live then genius?
A much simpler rule to fix the bloodsucking, is if the GOVERNMENT actually stopped the bloodsucking out of the landlords. 52% tax is way too high! That's why they are forced to ask so much. Plus, if you are a horrid tenant, you have too many rights and too few obligations. All these stories really happened. It's a shame that crime is acceptable, just because you are a tenant. No!
@@gardenjoy5223 too simple, the govrnment want the market to sort out the accommodation problem, plus they tax you guys more than foreign companies who use the tax haven of Ireland
@@liamoconlocha3264 As far as I know this government is determent to put 33.000 houses on the market each year for the next decade.
@@hugokeys602 fewer investors my intellectual peabrain would mean the government would have to stop leaving it to market forces. They do not want to spend on council housing as they are neoliberals, who do everything to support the market and the market to solve their problems. Medicine should never be privatised, it's a basic right you should, yet you have a two-tier system, allowing the wealthier to use the fast lane for medicine.
Good material but there are tones of other issues in the country. I think one is feeding the other to be fully honest.
The private rental market should not be underpinning the rental situation, it’s up to the government to build affordable rental housing , if it was government owned housing that was getting trashed and nonpayment of rents then they would soon change legislation, they opened up the market to take the heat off themselves because they were not building enough housing for ones in need, but as usual the government blames everyone but themselves
I believe innovation is the key to success in overcoming the three "barriers to sustainability":
1) Limited access to capital in ROI for rental owners.
2) Limited tax(Form 11) schemes available to rental owners in ROI.
3) Limited corporate entity structures available to rental owners in ROI.
Im a landlord from netherlands i sold the property.
To much energy reduction investments need to be made according to the government install a heat pump etc .
Plus now is a good time to sell i see reall estate go much lower
God help the poor landlords they cannot feed their endless greed. They do not want their tenants to have rights, they want the goodies but do not want the responsibility. What a position to be able to decide that you can leave a second property empty! The Goverenment do not differentiate between pension incomes and second third or more spurces of income. The poor unfortunate landlords almost as bad as the absent landlords in the 19th century.
That is why the banks won't let me but a rental
I think a large percentage of tenants are envious of landlords and assume they are killing it financially so they are always trying to be difficult they resent the fact that they don't own their own home and have a plethora of excuses as to why that is that all include blaming someone other than themselves.
No, it's because the idea of some people generating passive wealth from "assets" that should be a human right, while countless people are on the streets, is repugnant.
@@mike_mcgb get a job, get off the street, buy a house. Simple
@@wildside4822 Not so simple in a housing crisis when prices are out of reach for most people, job or no job. I take it by your tone it's been a few decades since you've gone house-hunting, though.
@@mike_mcgb skill up then
@@wildside4822 How does one person upskilling change a decade-long housing bubble created by austerity, driven by scarcity/hoarding and prolonged by market ideology? At what point do ideologues admit the problem is systemic?
Tax, RTB , terrible tenants. Would never rent to social/HAP tenants, they get a nice home for peanuts, then they have no respect for it and wreck it seen it all before. Never again
Believe it or not, you still get the same dispite not availing of HAP. At the end of the day, they are tennants and don't care about the property as its not theirs.
Sounds similar to the uk!
You invest in the rental market "which is far from an easy industry to earn money in" to earn a living and hopefully as a pension top up in years to come.
Anti landlord government legislation created by the government to make it look like they're doing something about the housing crisis which was not caused by landlords or second homeowners but the under investment by the government over decades in the social housing market and taxing developers to death making other countries more attractive to investors.
"Government legislation created by the government".
The zenith of political commentary.
There is absolutely no housing shortage or as they like to call it ''crisis' in Ireland. The real problem is the open border policy that is allowing hundreds of thousand of people walk into our country every month. Some of them with not a dime in there pockets. House our own people first. It is them and their families that have been paying taxes to the government since the formation of the state. The real Irish have a right to be housed first.
More foolishness, ignoring the actual problems in pursuit of chasing ghosts.
Capitalism has made it so 180k empty houses stay that way for property speculators - while 12k are homeless and the refugee situation has been allowed to fester for 20 years. It's the greed of the wealthy and well-connected, not ordinary people, or those fleeing war and persecution.
Stop getting distracted, or listening to Trump-lite eejits - focus on the real problem - capitalism and its pernicious divide-and-conquerism.
@@mike_mcgb "12k are homeless and the refugee situation has been allowed to fester for 20 years" is part of the plan which has been steadily moved forward by successive governments, in the corporate interest. Remember, it doesn't matter who you vote for, because you always get "the government" and it exists only in the corporate interest, which for many people is not known. Private landlords do not enjoy the zero percent tax rates of vultures who are swooping in on the Irish rental and property market. Consider this and its implications. Qui Bono?
The coverage of the landlord exodus in that Irish times article seems to be concentrated on the negative experiences of landlords only.
No mention of record high rent yields, many of which are on properties bought during the crash and are now been sold with gains in rent and growth in capital.
No mention of those who bought houses as investments 30 or so years ago (when prices were good) and are now selling for retirement.
No mention of the end of the so called negative equity which was a barrier to sales since the crash.
And, no mention of all the favourable tax treatment that many landlords received when buying property e.g. owner occupier and section 23 relief in rural counties.
This biased coverage totally ignores the fact that many are selling to make a gain, not to cut a loss.
Unfortunately, this sort of reporting has been the norm in the Irish media for some time
I’d still be a landlord if it wasn’t for the RTB. This is the real reason landlords are giving up. If people make profits then that’s the risk they took and others don’t. So why are you jealous?
@@freespeechisneverwrong9351
What's wrong with readers having an expectation that coverage would be in depth, unbiased and impartial?
Jealous? What are you talking about?
I own my own house and would consider buying an investment property, but good value houses are scarce right now.
Lots of people who bought property in the 90s and during the recession have made their money and are getting out now as the market peaks.
It's an obvious fact that isn't being mentioned anywhere
@@White_Chapel Bang on the money.
@@White_Chapel Well if all these properties are coming on the market then prices should drop and people will be able to buy. Maybe just maybe it’s a very small part of the picture.
if you can get through to the prtb. An absolute joke not fit for purpose.
Rent control does not help.
Maybe Terry can look into legality of such rent control policy.
How is it possible that a government dictates profit of a private business?
Why should a private business make mega-profits and make life worse for people over something that should be a human right?
Buying property and renting it is a business just like any other business. There should be tax write offs. Where do people think someone gets the money to buy the house ???? Off a tree ???
Big corporations and banks are pushing them out?
Like they pushed ordinary people out of home ownership to have extra units to rent in the first place?
it's almost like they only want one landlord in the country.......
It's nearly as though there should be!
@@mike_mcgb do you own any property?
@@seancaseo84 No. No problem with people getting a mortgage and owning a house either. Hoarding property to generate surplus wealth in a housing crisis isn't even close to the same thing as a civil right to own private property.
@@mike_mcgb 3 questions 1. from a practical perspective, what do you propose the local retired Garda who owns 3 rental properties do with his "hoarded" properties?
2.Is it the landlords fault demand in comparison to supply has sky rocketed? 3 And do you think it is prudent for the country to be bringing in so many people, when there is nowhere for them to live?
@@seancaseo84 1. Retired public servants already have substantial pensions to rely on, do they apparently need three more mortgages' worth of top-ups? Why?
2. Are landlords hoarding houses behind rents that are untenable in the middle of a housing crisis? Why?
3. Going straight to "foreigners bad" when they're a small percentage of a homogenous population - and we have 250,000 houses being hoarded and left vacant with 10000+ homeless, and thousands more in direct provision. Plenty of empty houses to spare even after we house the homeless and keep faith with those who need it. Why?
There is no Hosing shortage in Ireland 100 💯 1000 10000 house's are sitting empty
🤔🤔the problem is real, then why aren't landlords renting?? Is it just tax or irresponsible tenants too??
@@zzaudeean That's it, keep demonising tenants while asking them to pay your own mortgage...
@@mike_mcgb how much do I have to pay to get a 1 room flat.
@@zzaudeean For your own living, or to cash in on the housing disaster?
@@mike_mcgb for living...
It's a one-sided video which tells you nothing about the hardships from the other side
Why are the monthly rental costs so high everywhere? i.e. 1000EUR/month for a 1 bedroom flat. Pure greed , high mortgage costs, or imaginary "market rate"?
The market rate. If there were more landlords, more properties the basics of supply and demand would work to reduce rents.
@@freespeechisneverwrong9351 I've never understood how supply and demand affect the price because if I were a landlord and my mortgage for the let was 500EUR, I wouldn't charge 100% extra for the rent as its taking the piss like.
@@jamesgtmoore people don’t become landlords for philanthropic reasons. It’s a business like many others. Do you expect your local coffee shop to charge less because they think they are making too much money?
@@freespeechisneverwrong9351 good point. However this is a special case because people have no or little choice but to suffer due to these fleece monsters.
@@jamesgtmoore you really can't come up with anything? You think they should charge cost rate?
Maybe they are leaving because they have developed a conscience about living off the housing needs of others. Housing is a social duty for government not a perk for those with enough money to own and profit from the homes of others.
Yes, the old landlord guilt explanation. That ought to do it.
because there is no tax dodge in it now
No such thing as an accidental landlord,they are landlords or not landlords
Stop blaming each other its everyone's fault. 1) its the politicians fault for mismanaging the the housing stock (deliberately) for the last 30-40 years! 2) Its the tenants fault for not taking more interest in politics and not leveraging there voting rights (statistical fact: younger people vote less than older people + not younger people in rents than older) 3) The landlords fault engaging in what they fine well know to be usury rather than putting that money to more productive investments.
IF Landlord business was such a great Money Making scheme,
Why are Landlords leaving?
They aren't. We unfortunately don't have 100% public housing, so that statement is patently false. Institutional landlords are making money hand over fist, like cuckoo and vulture funds.
@@mike_mcgb Indeed, and paying effectively no tax! This is the plan by the Irish government. Ireland will have ONE landlord. Goldman Sachs.
@@cathalsurfs So close, but it's not the 'globalists', it's governments.
@@mike_mcgb One in the same.
@@cathalsurfs At what point do you admit capitalism itself is the issue, and not whatever the reactionary boogeyman of the day is?
Because you buy the house and you pay the mortgage (in my case rent doesnt cover it) but you now are losing rights to it. Im selling but already have lost out on 3 buyer investors as my rent was below market value. Because i had not increased it in my single mother tenant and now ill lise about 10 thousand on selling. What an idiot i was. Same tenant left me with 200 bill. Good luck to Irish public when they end up with no housing you deserve what u get. Treat landlords like their the enemy your cutting off your nose to spite your face. I cant see why both tenants and landlords be treated with equal consideration. It would be benefitting both. I glad im out. The state the house was in at the end. I even delayed selling 4 a year so she could get someplace.
200 bill? Count your lucky stars. I’ve 2 lads moving out this week who owe me 2,000 euros
@@terrygorry what is the answer. Why should anyone (including hurlers) not pay there bills. If you went into a shop got 2 grand worth of goods and walked out you would be arrested. But stay in a house and you can walk out the door without paying. Indeed i know people who didn't pay any rent for 6 months and the landlord gave them 3 grand to move out because its cheaper and way quicker than going through procedure. Government should have kept there nose out. First big mistake was the bedsits. Know one landlord in ranelagh who had a house in bedsits, when legislation came in he had to move out tenants who were there for years at cheap rent. Cost him A fortune to do up the property. He was crying, the tenants were crying. One tenants worked in city centre, to get same price rent he would have to move to kildare. Tell me how did that benefit tenants.
The rtb had to implement these rules to protect tenants BECAUSE landlords took the piss for so many years and were on the gravy train. It was completely necessary. Now they realise they can't take advantage anymore so they are all bailing out.
I don't blame them; I'm doing the same myself. The law is overwhelmingly pro-tenant even when they fail to pay rent and/or damage property. That and the punitive tax rate for what ... a couple of grand after the year when everything is paid.
We're in a housing crisis and you can afford housing. Perspective.
@@mike_mcgb yes because I got off my arse and worked. No privilege here unlike you with your double barrel surname Mike.
@@CM-eg3gl I have two surnames because I have two parents. I was also reared in a council house, and want that same bottom line of social protection for others - something you as a landlord seek to monetise in a crisis.
Greed has no limits
Shame on the landlord
yeahh, you would prefer somebody will change a bulb in the middle of the night for free for you and pay utilities .
Good on you Terry at last someone is telling it as it is landlords are seen as second class citizens and in reality have verry little rights .I know of one who is now in bad health after a newsance Tennant dragged him through the rigged legal system .(i would be interested to hear Terry's opinions on other aspects of the irish so called legal system )
Haha wow there's really an open can of worms in this comment section - food for thought though (no pun intended re eat the bugs and own nothing)
Landlords have a bad image in Irish history.
As a long term Landlord my biggest gripe is paying 52% tax whilst the vulture and cuckoo funds pay nothing. It is a disgrace. We have been scape goated by the Government for their errors and lack of building for decades. Not worth being a small private Landlord anymore. If you're considering it... Don't.
52% seems fair. The vultures should be paying that, though
Thanks for the advice, Mr. Higgins. Actually we were considering it, but what I've watched tonight in three different video's has left me terrified.
Any ideas of what to invest in then, when you actually need to live a small life of the income? We were volunteers and foster parents, abroad. We have a tiny pension well below the poverty line. But we have a property, that we want to sell in a country, we don't want to live in, because too many people are evil here in Germany. So we thought of retiring to Ireland and invest the sale's money in another property and then let it for the part we don't need it. But obviously, that's not a good plan. What to invest in then with an annual return?
I make a point of saying I live at the property by having my tax post sent their, you also get 14 k tax free and you have more right as a landlord if you have difficult tenants being 6 ft 4 I never had a problem , but I would never rent ti a family ie young children
The only way to solve the housing crisis is to nationalise the market. State builds direct, funding councils to employ tradesmen to build for non-profit rental - also creating openings for apprenticeships - and outlining the very real importance of trades to society.
Solve the crisis through communism, we have been here before no? 😂🤦
@@ln5747 Yes, in Ireland of the 1950s and 1970s, where we succesfully pursued massive social housing programmes with far less money than we have now.
@@mike_mcgb yes Ireland was a very vibrant and wealthy place in the 50s and 70s 🙄. I've never heard anyone in today's age suggest nationalise all home ownership; I find it rather sinister tbh.
@@ln5747 The market has had over a decade to fix housing, and the crisis is worse than ever. The ideologues need to sit down and know their place.
@@ln5747 Also, yes, Ireland was much poorer and we could house everyone when the state intervened. Time to do the same, but bigger and better, with more amenities and resources
Tax for Landlords manifests as Rent increases for Tenants. Landlord bashing is a blood sport in Ireland the Charity industry, government and tax man all fully participate tally ho!
You know the solution, then - State housing for all in need
@@mike_mcgb this country is over 350 billion in debt and could easily require the IMF back into the country to run it all it takes is for our bonds to not sell we have a wonderful propaganda department telling the world we are solvent look over there!
What the “government” have done and are trying to do is sequester peoples property rights right, left and centre. It’s disgusting what these loser politicians will do to keep power and pensions.
Part of the solution is to create 5,000 apprenticeships in blocklaying, plumbing, electrics, carpentry, plastering etc but it’s easier to tell people we need those rooms in your house, holiday home to cover for their abject failures. Darragh O’Brien reminds me of Harney who was constantly banging on about “centres of excellence” nobody wanted the job so she was minister of Health for a decade! O’Brien is constantly being told you are a great guy you are doing really really well! It’s all lies nobody wants the poison chalice so the clown stays in Housing.
@@PB111627 Agreed on apprenticeships.
@@mike_mcgb And these jobs need to be state jobs with permanent employment contracts and pensions. Nobody is going to do these jobs in the numbers required when parents are saying it will be boom, bust, boom, bust. The wrong people are getting the high wages.
@@PB111627 Agreed, 100%. This is how every infrastructural sector should be!
What is completly crazy is landlords having to provide washing machines beds couches etc creating a dependant class with no care or responsibility .
I met a Donegal man at a car auction who had a rental property in Dublin ,his words "Rent to anyone but Irish" as the foreigners just want to work and Irish just want to party and wreck the place
A likely story...
Sounds the same as in Australia. The only person with less rights then a Landlord is an Employer.
I wish RUclips comments had a laugh-react.
High Rents are caused by government greed aka high taxes which are then put on the backs of renters.