New Airbnb rules

_Dara_

MayoSalmon wrote: »

The logic employed here is a citizen buys private property and then does with it he/she sees fit.

Well, with restrictions. You can’t run any business you want from a private property without notifying anyone. There are regulations. And in apartment buildings, there are your very close neighbours and house rules to consider. If your neighbours are enduring increased noise levels and disruption, do you think they’d care that you are making bank?

wordofwarning

Graham wrote: »

Most businesses manage to expand without large-scale flouting of local/national regulations..

Really? Really?

I don't think there is a single Fortune 500 company, that has not had a major lawsuit for poor product safety, harassment/discrimination, tax evasion(the illegal one), fraud, corruption etc.

Most major corporations beg for forgiveness rather than ask for permission.

wordofwarning

Graham wrote: »

I'd say they are, it must have been very frustrating trying to compete against unregulated operators flouting the regulations.

Hotels struggling to compete? Hotels struggling to compete? Have you actually opened a business section of an Irish paper in the last 3 years?

Dublin hotels have a near 100% occupancy rates all year round. Dalata (the largest hotel group in Ireland) released their company results last month. Their profits soared 80% last year. What would they have been without some healthy competition?

https://www.rte.ie/news/business/2017/0905/902344-dalata-hotel-group-results/

Airbnb is so popular in Ireland, as hotels are a complete rip off. It will be interesting seeing how the Government spins the massive drop off in tourist numbers as tourists coming to Ireland will realise hotels are full and there are no Airbnbs available. We will have a drop in tourist numbers, as there will be no where for them to stay

Can we expect another 80% increase in profit next year for hotels, as with no cheaper alternative of Airbnb can now completely screw the customer over...

Graham

wordofwarning wrote: »

Dublin hotels have a near 100% occupancy rates all year round. Dalata (the largest hotel group in Ireland) released their company results last month. Their profits soared 80% last year. What would they have been without some healthy competition?

wordofwarning wrote: »

Have you actually opened a business section of an Irish paper in the last 3 years?

I read this in The Irish Times only a few minutes ago.

One Dublin hotel company, understood to be the Dalata Group, last year received up to €8 million in payments to accommodate the homeless in the capital.

https://www.irishtimes.com/news/ireland/irish-news/dublin-hotelier-received-up-to-8m-to-accommodate-homeless-1.3271914

See anything wrong with this picture?

circular flexing

wordofwarning wrote: »

Hotels struggling to compete? Hotels struggling to compete? Have you actually opened a business section of an Irish paper in the last 3 years?

Dublin hotels have a near 100% occupancy rates all year round. Dalata (the largest hotel group in Ireland) released their company results last month. Their profits soared 80% last year. What would they have been without some healthy competition?

https://www.rte.ie/news/business/2017/0905/902344-dalata-hotel-group-results/

Airbnb is so popular in Ireland, as hotels are a complete rip off. It will be interesting seeing how the Government spins the massive drop off in tourist numbers as tourists coming to Ireland will realise hotels are full and there are no Airbnbs available. We will have a drop in tourist numbers, as there will be no where for them to stay

Can we expect another 80% increase in profit next year for hotels, as with no cheaper alternative of Airbnb can now completely screw the customer over...

Tourists are important but it shouldn't be at the expense of people who live/work in the city (or want to).

Minderbinder

I think if the ridiculous tax on rental income is reduced then many of the problems talked about here will dissipate.

The government are 100% to blame here, not Airbnb.

listermint

AirBnB are 100% to blame here and those amongst this thread who thought they coils flout planning laws running a residential property like a hotel.

Ever here the saying if it's too good to be true it probably is. It was a risky business to get into long-term anyway and you should have known that. Shouldn't throw the toys out of the pram because you got found out.

Find alternative investment that doesn't operate outside the laws and piss people local to you off

Minderbinder

listermint wrote: »

AirBnB are 100% to blame here and those amongst this thread who thought they coils flout planning laws running a residential property like a hotel.

Ever here the saying if it's too good to be true it probably is. It was a risky business to get into long-term anyway and you should have known that. Shouldn't throw the toys out of the pram because you got found out.

Find alternative investment that doesn't operate outside the laws and piss people local to you off

Typical of the anti-business socialist culture in this country. It’s bad enough that the state stifles business and tries to stop people trying to earn more money, I don’t think ordinary people need to encourage the government further.

Seriously, what is it with this country and the people opting for comfort over ambition? It’s like we’re a nation of retired old folks.

If people own a house and there is a huge market for short term rental of that property, and they can make multiple times the money that they make from overtaxed, inflexible long term rentals then this is something that should be encouraged.

It’s not Airbnb’s fault that there is a shortage of housing or that the government is greedy beyond relief with taxing landlords. Anyone who thinks that will never achieve anything in this life.

listermint

Minderbinder wrote: »

Typical of the anti-business socialist culture in this country. It’s bad enough that the state stifles business and tries to stop people trying to earn more money, I don’t think ordinary people need to encourage the government further.

Seriously, what is it with this country and the people opting for comfort over ambition? It’s like we’re a nation of retired old folks.

If people own a house and there is a huge market for short term rental of that property, and they can make multiple times the money that they make from overtaxed, inflexible long term rentals then this is something that should be encouraged.

It’s not Airbnb’s fault that there is a shortage of housing or that the government is greedy beyond relief with taxing landlords. Anyone who thinks that will never achieve anything in this life.

Your not a business. Your an amateur trying to float the law and making money doing so.

If you want to operate like a business then do so.


Socialist. Lol get real

listermint

listermint wrote: »

AirBnB are 100% to blame here and those amongst this thread who thought they coils flout planning laws running a residential property like a hotel.

Ever here the saying if it's too good to be true it probably is. It was a risky business to get into long-term anyway and you should have known that. Shouldn't throw the toys out of the pram because you got found out.

Find alternative investment that doesn't operate outside the laws and piss people local to you off

If you think this is going to stop people doing Airbnb you are sadly mistaken, so you shouldn't be so smug with your commentary.

You should be directing your efforts into making long term letting be even something approaching fair for LL and getting the totally tenant focused tenancy laws changed if you want LL to rent their property long term.

andekwarhola

As said by others, sticking to the original Airbnb model was fine but when you've a city with a rental crisis with so many accidental /small landlords and vast swathes of properties are being lost to maximising short term letting, it was only going to end in tears.

_Dara_

andekwarhola wrote: »

As said by others, sticking to the original Airbnb model was fine but when you've a city with a rental crisis with so many accidental /small landlords and vast swathes of properties are being lost to maximising short term letting, it was only going to end in tears.

Exactly, most people seemed to have warm and fuzzy feelings towards Airbnb when it first came on the scene.

People here are saying “We’ll use other channels if we can’t use Airbnb” but those other avenues don’t have the visibility of Airbnb and therefore get less business. And if they do become as big as Airbnb, then they’ll become the new focus for regulation.

_Dara_

Minderbinder wrote: »

Typical of the anti-business socialist culture in this country. It’s bad enough that the state stifles business and tries to stop people trying to earn more money, I don’t think ordinary people need to encourage the government further.

Seriously, what is it with this country and the people opting for comfort over ambition? It’s like we’re a nation of retired old folks.

If people own a house and there is a huge market for short term rental of that property, and they can make multiple times the money that they make from overtaxed, inflexible long term rentals then this is something that should be encouraged.

It’s not Airbnb’s fault that there is a shortage of housing or that the government is greedy beyond relief with taxing landlords. Anyone who thinks that will never achieve anything in this life.

Ireland is far from the only country to clamp down on Airbnb. Socialism? Is that why the capitalist mecca of New York has brought in controls?

MayoSalmon

_Dara_ wrote:

Ireland is far from the only country to clamp down on Airbnb. Socialism? Is that why the capitalist mecca of New York has brought in controls?

De Blasio is a democrat!!

_Dara_

MayoSalmon wrote: »

De Blasio is a democrat!!

Yeah, by Irish standards, the Democratic party is basically centre right wing or, at the most, centrist.

Browney7

Minderbinder wrote: »

I think if the ridiculous tax on rental income is reduced then many of the problems talked about here will dissipate.

The government are 100% to blame here, not Airbnb.

Is it only the marginal tax rate being charged on rental income that is ridiculous in your view? Income from working overtime, dividend income on shares/investments is fair game?

The spin on this forum that rental income being taxed at a marginal rate is grossly unfair is curious to say the least.

_Dara_

Browney7 wrote: »

Is it only the marginal tax rate being charged on rental income that is ridiculous in your view? Income from working overtime, dividend income on shares/investments is fair game?

The spin on this forum that rental income being taxed at a marginal rate is grossly unfair is curious to say the least.

Not to mention that sole traders pay the marginal rate also. What makes rental income special?

Browney7

Browney7 wrote: »

Is it only the marginal tax rate being charged on rental income that is ridiculous in your view? Income from working overtime, dividend income on shares/investments is fair game?

The spin on this forum that rental income being taxed at a marginal rate is grossly unfair is curious to say the least.

Rental income should be taxed a much lower rate, 20% max. It's a joke that your are taxed at the marginal rate.

You are investing your money, taking the risk and providing a service you should be very handsomely rewarded for this.

Browney7

Arjun Fit Stewardess wrote: »

Rental income should be taxed a much lower rate, 20% max. It's a joke that your are taxed at the marginal rate.

You are investing your money, taking the risk and providing a service you should be very handsomely rewarded for this.

So if you lob 300k into IRES REIT you pay a lower rate than the marginal rate on your dividends in your preferential landlord taxation utopia?

_Dara_

Arjun Fit Stewardess wrote: »

Rental income should be taxed a much lower rate, 20% max. It's a joke that your are taxed at the marginal rate.

You are investing your money, taking the risk and providing a service you should be very handsomely rewarded for this.

Again, what makes rental income special? Sole traders invest a lot of money in the start up of their business and still pay the marginal rate. Any business provides a service.

Pete67

Perhaps it would be fairer and also encourage more people to consider providing private rental accomodation if the profit from the enterprise was taxed at the marginal rate, in other words if the cost of financing the rental property was tax deductible. I can't understand why this is not the case for private landlords as it is for most other businesses? Or am I not understanding the situation correctly? I'm not and never will be a landlord, I can't see why anyone would even consider it, unless forced by circumstances.

_Dara_

_Dara_ wrote: »

Again, what makes rental income special? Sole traders invest a lot of money in the start up of their business and still pay the marginal rate. Any business provides a service.

They have so many deductible expenses compared to a LL is not possible to compare.

MayoSalmon

_Dara_ wrote:

Yeah, by Irish standards, the Democratic party is basically centre right wing or, at the most, centrist.

What?! Do you live under a rock?! Bernie Sanders is the new left in America just as Jeremy Corbyn is in the UK. The left and right are very well established in the US and to suggest the democrats are actually center right is laughable

_Dara_

MayoSalmon wrote: »

What?! Do you live under a rock?! Bernie Sanders is the new left in America just as Jeremy Corbyn is in the UK. The left and right are very well established in the US and to suggest the democrats are actually center right is laughable

And how did ol’ Bernie get on? Corbyn has got a lot farther than him.

keane2097

MayoSalmon wrote: »

What?! Do you live under a rock?! Bernie Sanders is the new left in America just as Jeremy Corbyn is in the UK. The left and right are very well established in the US and to suggest the democrats are actually center right is laughable

Anyone suggesting that Bernie Sanders is representative of the mainstream of the Democratic Party would want to be circumspect about using the word laughable.

Donal55

Selik wrote: »

If current planning laws are not being enforced then how are new guidelines going to make a difference? I know somebody renting their apartment (to a of 2 people I think) in a large complex near Dublin city end their management company is fully aware and has no issues as of yet.

I'd guess that if this legislation is passed it will be enforced, especially in Dublin. Eoin Murphy, Varadkar and the rest of the possee will want to see results and be able to spout out facts and figures with regard to the housing crisis.

It could also be used as a way of resolving the noise and other anti social issues associated with air b nb which are often cited in the media.

Hard pressed owners and tenants actually living in apartment blocks may welcome this new law's introduction.

And finally, management companies aren't tasked with planning enforcement.

_Dara_

keane2097 wrote: »

Anyone suggesting that Bernie Sanders is representative of the mainstream of the Democratic Party would want to be circumspect about using the word laughable.

Indeed.

MayoSalmon

Crooked Hilary and the DNC you can blame for that

_Dara_

Arjun Fit Stewardess wrote: »

They have so many deductible expenses compared to a LL is not possible to compare.

Landlords are also able to deduct anything that is an expense in accounting terms, like any business.

_Dara_

MayoSalmon wrote: »

Crooked Hilary is to blame for that

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