Culture around renting

I agree with some of this, using rent to pay off the capital borrowed to invest is the main benefit of property investment, and certainly why most investors get into rental properties. But you are assuming firstly that the renter pays their rent to contribute to mortgage payments, and that the owner holds onto the property long enough that the mortgage is paid off, or that the selling price is more than what they have paid in investment and taxation. Neither is assured, if it were, there would not have been so many investment properties in negative equity, repossessed or sold at a loss.

Given the highs of current rents, does it not seem odd to you that so many LLs are selling? You could say that some are selling because property prices may not be as high again for years, but this very ability to sell when the market price is high is what scares some investors. It has become far more difficult to gain vacant possession and if the proposed legislation is introduced by SF, impossible unless the tenant consents to it. Hence even though investor benefits should be at a near record high, with no short term prospect of that decreasing, investors are fleeing the market.

That is not good for renters, no matter your opinion of LLs.

There is a huge difference between rental markets between Germany and Ireland. For example in Germany Tenants might have few more rights, but landlords have lot more rights The obligations of tenants are far higher. Breaking of the rule and law is heavily enforced. Despite all this the problems in Germany rental market are well documented. Those in long term rentals (and old rents) are ok, those trying to get a new place to rent not so happy.

Before we all carried away and misty eyed looking for role models in Germany. Consider who the boom was borrowed from, and all the loans were paid back to.

Don't mention the gas pipelines deal either...

We need to take the heat out of the market by govt building housing, especially for social housing, and affordable housing. The private market will never do it. Until the Govt start dealing with housing seriously the crisis will continue.

Seems a bit suss alright.

But a conversation around looking at other countries like Germany and Austria approaches is worth discussing. They have some good ideas but also around the mind set around renting and property in general.

In general is about trying to reach a sustainable amount of profit in partnership with all involved and avoid boom and bust patterns.

That does not sound like way forward to me......it sounds like indentured sevitude/slavery......**** that I'd rather die fighting than submit to **** like that.

Spare us the hyperbole, you two are afraid to look outside your preferred area for a home, never mind “die fighting” for your right to afford a home. Contributing to a pension is not servitude or slavery, it is a tax efficient way of assuring your income does not fall off a cliff when you retire. People now have a much longer life expectancy so you will need that pension for the 20+ years after you stop working.

Different countries, different markets, different economies. NI has not experienced the same economic growth that the South has, nor the population growth, wage growth etc. So comparing Coleraine or even Belfast with Dublin isn’t like with like. I suspect that CS’s wages might be quite a bit lower than her southern counterpart.

Same island, not same country/economy/cost of living.

I’m not going to get bogged down on this, responding to you can be torturous. If you google, you will see NI is part of the UK, has a separate economy from the South etc. That is a statement of fact, not an opinion.

Then you know that though aspirational ambitions exist, the reality does not yet exist. If you keep claiming NI is the same country/economy/living costs as the South, it just makes your posts look foolish.

I’m not telling you it’s ok, I’m telling you NI is a different country/economy/cost of living to ROI so the cost of renting in Coleraine/Belfast is not going to be the same as Dublin.

Just reading post about vulture funds but then you give the example:

This surely is a problem with a private landlord not a corporate one, where fully paid up tenants are forced out because a family member is to be given the property.

Nope. But you'll sure as hell keep your mouth shut when your estate agent says they can get you +€200 above market rate on that let of yours.

Landlords will deservedly suffer like the rest of us when they come to depend on an understaffed hospital or garda station.