Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Thank God for that

Options
2»

Comments

  • Options
    #32
    Homer
    Registered Users Posts: 4,303 ✭✭✭Homer


    How does the loss work out for you when dealing with the bank that issues the loan? Do you still have to make up the difference in a once off payment or will they accept continued monthly payments on the loan? Surely they have no asset to recover if you stop paying? It’s not a huge amount I know but wonder how they look at situations like this where clients want to sell property at a loss?


  • Options
    #33
    Pawwed Rig
    Moderators, Category Moderators, Home & Garden Moderators, Recreation & Hobbies Moderators Posts: 22,377 CMod ✭✭✭✭Pawwed Rig


    The bank may not allow you to sell it. They have a say as they have an interest in the asset. A lot will depend on negotiation with the bank.


  • Options
    #34
    Love_BBC
    Site Banned Posts: 11 ✭Love_BBC


    Not sure what point OP was making. So a landlord stops being a landlord and someone who was renting gets to own their home. Everyone's a winner.

    You say you bought at X and now selling at a loss. Are we supposed to feel sorry for you? Everyone makes their own decisions.

    You made a decision, it ended badly and now you act like you've been hard done by.


  • Options
    #35
    Gumbo
    Moderators, Society & Culture Moderators Posts: 39,327 Mod ✭✭✭✭Gumbo


    Love_BBC wrote: »
    Not sure what point OP was making. So a landlord stops being a landlord and someone who was renting gets to own their home. Everyone's a winner.

    You say you bought at X and now selling at a loss. Are we supposed to feel sorry for you? Everyone makes their own decisions.

    You made a decision, it ended badly and now you act like you've been hard done by.

    Mod Note
    This post falls short of the expectations for this forum. If we were to reply to every thread in this manner, people would stop posting in the forum altogether.

    We have many posts from tenants talking about termination notices, rent increases etc and if we were to reply to their posts in the same semi-abusive tone as this post, this forum would be a horrible place to visit.

    Consider this a verbal warning not to post in this tone again.


  • Options
    #36
    rightmove
    Registered Users Posts: 995 ✭✭✭rightmove


    Not very fair bbc


  • Advertisement
  • Options
    #37
    iggy
    Registered Users Posts: 2,003 ✭✭✭iggy


    Love_BBC wrote: »
    Not sure what point OP was making. So a landlord stops being a landlord and someone who was renting gets to own their home. Everyone's a winner.

    You say you bought at X and now selling at a loss. Are we supposed to feel sorry for you? Everyone makes their own decisions.

    You made a decision, it ended badly and now you act like you've been hard done by.

    Why would I want anyone feeling sorry for me? I'm celebrating.

    I was just posting my own experience of trying to sell the apartment and my experience of being a landlord. That's all.


  • Options
    #38
    rightmove
    Registered Users Posts: 995 ✭✭✭rightmove


    The relief at no longer being a target for the gov, the revenue, delinquent tenants...etc etc is great. Anyone else coming out??


  • Options
    #39
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    Been getting the wife to have a read of all things rental related, she's finally coming around to my way of thinking. Time to get rid.


  • Options
    #40
    rightmove
    Registered Users Posts: 995 ✭✭✭rightmove


    Get her to read top gear post on the daft ads thread. My crowd cost me but this post is scary..page 5 btw


  • Options
    #41
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Were are the posters now that think landlords are printing money ?

    OP congrats sounds like the right decision for you.


  • Advertisement
  • Options
    #42
    Sunrise_Sunset
    Registered Users Posts: 1,215 ✭✭✭Sunrise_Sunset


    rightmove wrote: »
    The relief at no longer being a target for the gov, the revenue, delinquent tenants...etc etc is great. Anyone else coming out??

    Out since June. Thanks be ta Jaysis!!!


  • Options
    #43
    Bigmac1euro
    Registered Users Posts: 1,466 ✭✭✭Bigmac1euro


    rightmove wrote: »
    Get her to read top gear post on the daft ads thread. My crowd cost me but this post is scary..page 5 btw

    For anyone wondering the post referred to above is
    Topgear on Dave wrote: »
    I have no idea how many default, Id say its rare enough but when it happens, it can happen in expensive style.

    In the local paper here about 2 weeks there was a court case against a tenant not paying rent. No rent paid in about 16 months, 24000 euros owed to the landlady* and the landlord had to go to the RTB and then Naas district court (twice!) to get the judge to order the tenant to leave or else.

    That house will never get rented again! Ye'd want to be mad to rent out a house with that level of risk. :pac:


    *Landladys son actually, the lady is in a nursing home


  • Options
    #44
    rightmove
    Registered Users Posts: 995 ✭✭✭rightmove


    There are 2 articles in the leinster leader on that case. Behind paywall though


  • Options
    #45
    Irishcrx
    Registered Users Posts: 2,861 ✭✭✭Irishcrx


    Best of luck to you!

    I've been a landlord , extremely stressful all around and unless you own a portfolio between dealing with tenants , repairs and taxes there's not much money to be made in it that's worth the stress tbh.


  • Options
    #46
    rightmove
    Registered Users Posts: 995 ✭✭✭rightmove


    Irishcrx wrote: »
    Best of luck to you!

    I've been a landlord , extremely stressful all around and unless you own a portfolio between dealing with tenants , repairs and taxes there's not much money to be made in it that's worth the stress tbh.
    Surprised there is not hundreds of ppl replying as I know a lot that are getting out


  • Options
    #47
    Topgear on Dave
    Registered Users Posts: 4,545 ✭✭✭Topgear on Dave


    As a follow up to the earlier post I had quoted about the court case that the LL in Maynooth had to bring to secure an eviction I have just seen this weeks Liffey Champion newspaper headline.

    "CRISIS AWAITS
    Students at Maynooth may not be able to find or pay for accommodation"

    Maynooth is taking in 3225 first year students this year, its largest ever first year intake.


  • Options
    #48
    YipeeDee
    Registered Users Posts: 117 ✭✭YipeeDee


    rightmove wrote: »
    Surprised there is not hundreds of ppl replying as I know a lot that are getting out

    For what it’s worth, I won’t be far behind the OP in getting out of the rental market.
    I’ve been a LL for just one year with a single property that was my own home.
    Most of the reason I even entered into this was because I was fool enough to answer the call from politicians and homeless groups, asking people not to leave their property stand idle during this crisis at the time.

    In fairness I have been absolutely blessed with my two young tenants, both from a country with a respectful rent culture and they are looking after my much loved home brilliantly.

    However, given the amount of crazy legislation that has come in even within the last year.
    Not to mention the anti LL venomous culture that’s developed.
    The risk is akin to putting your asset on a roulette table and hoping for the best.
    And now you’re not even allowed to ask for references?


    I have every ambition of honouring my lease agreement with my two tenants but once they leave, there’s not a chance in hell I’ll be letting out my house again.


  • Options
    #49
    L1011
    Registered Users Posts: 68,786 ✭✭✭✭L1011


    Topgear on Dave wrote: »
    As a follow up to the earlier post I had quoted about the court case that the LL in Maynooth had to bring to secure an eviction I have just seen this weeks Liffey Champion newspaper headline.

    "CRISIS AWAITS
    Students at Maynooth may not be able to find or pay for accommodation"

    Maynooth is taking in 3225 first year students this year, its largest ever first year intake.

    I live in Maynooth in an estate that had a reputation for student rentals

    There are close to none now. Every rental that's gone for sale (which was about half of them) has been bought by an owner occupier. Still about 15% of the estate rented but mostly to families or adult house shares.

    The student development on Leinster Street can't come soon enough.


Advertisement