Govt to do 'everything' to prevent evictions - McEntee

The system already can't cope with those.

What are you on about? Nothing is "stopping" a FTB from renting out rooms in their house, however statistically the vast majority do not.

Statistically, occupancy rates per room are lower in an owner occupied house than it is in a rented house - its a zero sum game so when a landlord sells up due to far too strict regulations and an owner-occupier buys it, the total number of people being housed has dropped. You now have more would-be renters chasing far fewer rentals. It means more homelessness, higher rents - it is not good for renters.

Nobody will build new rentals or be a landlord if the risks are too great - if its impossible to get vacant possession for selling then many will not let out their property in the first place as the risk is simply too great.

God forbid someone buys a house you sell and decides to live in it as their personal home. The cheek of the uppity little bastards.

Given your concern on the matter, may I suggest that you would sell with the tenant in-situ.

I'd say notices of termination are flying out around the country as we type, with people trying to get them in before the ban is announced.

You literally couldn't make this stuff up.

Full disclosure, I’m an agent for a LL, my mother, the house was my Dad’s pet project before he died. I help my mother with it. One day I’ll inherit it. I’d like to keep it particularly as it would give my kids somewhere to live when they are older. But the way things are going I think I’ll be forced to sell it.

We all have a social responsibility to pay our taxes, we outsource all other social care to the government, it’s not your job to provide housing for those in need, that’s the governments job. Landlords are no different.

To me private renting should be a convenience for LL and Tenant, not a way of life. 

You’re a student, you rent with a few friends

You’re a young person starting out, you rent with a few friends or on your own. 

You move for work or travel…

You meet somebody and move in together…

Eventually you buy your own place. 

If needed for what ever reason you can’t you move to state owned social housing. 

Basically you should never rent for life or as family long term form a private LL.

Back in the 60,70 and 80 the government and councils built social housing. 

In the 90’s they sold it to tenants we had the property boom in the 2000’s and the crash in the 2010’s 

It’s been apparent for sometime that the root cause of the problem is a lack of social housing and solution to build more but we’ve had endless delays and now costs have gone crazy. 

Everything the government has done since the 60s has made it worse not better. But lest stick to today. We hand a temporary 3 year rent pressure zone in Dublin that has been extended more or less indefinitely and almost nationwide. Did it work no not at all. We have REIT’s who’s first let will be as the max the market will bear or not at all. That’s driven up rents massively. Then we have smaller landlords, I personally know two that are getting out and there are many more. With both of them it’s as direct result of government policy. Go onto daft and look at apartments for sale, so many of them are ex-rentals, you can tell because it’s rental furniture or they are stripped out . 

When place becomes empty they sell, so that never appears on the statistics. 

This eviction ban, personal I expect it would be unconstitutional but even the talk of it is going to make many LL’s sell up as soon as a house or apartment becomes empty. We need to increase the stock of rentals at lower end of the market to drive down prices not upper end.  

The stats don't agree with you.

I agree if you've a decent tenant in then no real need to do anything. Anyone with ongoing issues tenant related or other wise is likely to cash out and see what happens.

You are overlooking the risk that if a tenant leaves and are replaced with a bad one they they are screwed. Also that only works if the LL has no mortgage, if they do then their costs are going up but they can't raise the rent by more than 2%. If been a LL was such a sweet gig then why are so many leaving. Property is a long game it's not that people are afraid of crash it's the regulations and risk of more harmful regulations.

What imagined helplessness?

The point on occupancy rates is not faux concern but very real systemic problems - if we drive more landlords out of the market, most of those units will be bought by owner occupiers, and overall occupancy % drops. This means more homeless people, and higher rents (less supply, more demand). It is a demonstrable fact.

You have clearly got a massive chip on your shoulder regarding this given your aggressive posts but you cannot refute the facts - legislation to make renting a property a more risky investment will only hurt rental supply.

Landlords sell up when the risk is not worth the return on investment.

Just like every other investment in the world, yield tracks risk. And if it fails to track (rental caps & anti-eviction legislation) then demand for that investment will fall away, just as it is in Ireland with landlords selling up while they still can.

A landlord would be a fool not to sell right now given the kite-flying going on about eviction bans and rent freezes and other measures that ultimately make it not attractive to be a landlord. The numbers of landlords selling up are proof of this phenomenon.

It is one thing landlords being driven out of business because of regulation, it is another where a landlord is driven out of business because his client refuses to pay.

Imagine if you could just drive up to a petrol station and fill your car and walk away because of the high price of oil, and the petrol station owner just relied on your goodwill to pay?

Sorry to be making things too complicated for you. I mistakenly assumed that you would be able to understand that when someone sells something, there is also a corresponding buyer to that transaction. Don't worry about it. You might cover it next year if you manage to pass this one.

Sorry I must have misread you banging on about someone hypothetically buying a place in 2014?