Govt to do 'everything' to prevent evictions - McEntee

Well we will have to agree to disagree, we don't have to engage in any more pointless speculation because the notices to terminate are tracked and reported (even though they don't show the full picture as they don't include landlords selling after their tenants leave without replacing them). If they suddenly drop from recent high levels as you predict we will be able to see that you were right about landlords not selling. Of course if your prediction is wrong and they keep going up and prices don't drop that will just be greedy landlords selling again.

It must be great to be right all the time :D

@Yurt@Yurt2 and @Donald Trump you are both waffling all over the place. You have a serious chip on your shoulder's about LL.

@Yurt2 if it was simple rebalancing LL would not be running out the door and government would not be trying to stem the tide. The so called rebalancing is also stopping new investors entering, however more critically it is discouraging those who have houses that could be rented for short term accommodation of anything from a few months to a 2-3 years are reluctant to take such a risk.

You make a number of serious false assumptions. These are mainly based on Chicken Lickens economics that the sky will fall in and LL will be trapped and unable to sell. This is a very good analysis of where we are from Will Goodbody

We could just as easy see a building hiatus. You glory at the taught of all these apartments coming into government/LA control. However the history of there management of apartment complexes is horrific think Ballymun and I have been into one in Limerick recently and it's only two story.

For to buy them the government will need to get the builders developers to finish them that will happen on those builders terms. Watch the whinge fest when the costs are revealed.

@Donald Trump you have this flawed assumptions that it will be existing occupants that will buy these rented premises. This is the problem most of the houses being sold are occupied by families who will generally be unable to get loans to buy them. The eviction hiatus will only encourage more to consider it next year when it ends.

Your are continually on about LL's whinging. Rather they are pointing out issues with the present system where by risk has been amplified. This risk is encouraging LL to sell, however no replacement investors are coming back in. What is worse is temporary supply where houses would be vacant short term from a few months to a few years has now dried up. No sensible person would consider renting a houses that they will need back in the short term. The risk is far too great.

I have two rental properties one is a small townhouse which a single man rents and the other is a farmhouse that I have rented to a separated parent and family. The farmhouse will probably go to aerBnB whenever the present tenant's leave whether two months, two years or ten years.

The townhouse will depend on rent and risk involved. These are rural/small urban properties. However if I had a property in a larger urban area in an RPZ where the rent was seriously under the market rate and only 2-5% of the house value I be looking to exit what ever way and as soon as possible. If there was no loan on it I would sit on it vacant if prices dropped below 10% which I do not think that they will.

If in a RPZ the rent gets anchored to a rate at which a person was happy to rent it out at that time. Presumably it was acceptable when they entered that transaction.

I don't see the huge philosophical issue with giving some form of cost security to a tenant who is effectively paying the mortgage for the owner in many cases. The amount owed in terms of mortgage doesn't increase with rental price increase in the area. If bought with cash, that amount is also fixed even if rental prices subsequently double. In effect, the upside is just being shared with a person who is also contributing (some would say is the main contributor).

You can tell us how you expect any mooted temporary eviction moratorium would affect you Bass. I would be fairly confident that is will have no direct impact on you. You are arguing about something which will affect a tiny number of people temporarily, but will give security to many other tenants.

Do the RPZs not work cumulatively? i.e. you don't have to ratchet it up every year so that if you are allowed 2% every year but don't raise it this year, you can bump it up 4% the following year?

It was 40 ish years ago. There was no other way to pay the rent. All rent was paid in cash. No mobile phones so an agreed time for collect was what happened.

Never worries me the way the other half live. I try not to put modern day thinkings and apply to events 30, 40 or 70 years ago

You missed the part where LL's who let rent reviews rool up git f@@ked over.

From 2016-2020/21 you could rise by 4% a year or 17/21% depending on if you were in before the 2021 change.

We always have these marginal cases from you . This marginal case woukld have got 3-4% increase for those 5 years instead of 21.

@Donald Trump that is a bit more than a f@@king tennen a year.

As I said in an earlier post the more you waffle the more it is east to see that you and Yurt have no actual understanding of the impact on a large cohort of LL's

As I said in the ''no good deed in the Irish residential rental market goes unpunished''@Yurt2

I gave you the cumulative figures. I also gave you details of other minor rebalancing as Yurt puts it that effected smaller LL who did not raise rents continually.

Below market rent of 500/month on an Apartment in Dublin if not risen between that and 2021 is now about 525. If LL rose it every year it would be 730/ month. LL in RPZ's will no longer not do reviews every twelve months

As I said the more you and Yurt waffle the more obvious you know f@@kall about the rental market.

They are not highly unusual there's the large portion of the 5k that are exiting this year, the 3-4k last year and the 5-6k on top of it that will exit next year.

ROI has probably dropped below 3-4% much better off to sell ASAP and drip feed it into a pension fund.

Sorry Donald I only do increases of 1.5-2k/biennially now. Not in an RPZ, have to be professional and keep the rent as high as possible as at some stage they will change the rules again.

Remember what I said

''no good deed in the Irish residential rental market goes unpunished''

It's ROI on present value

If you owned a property that was worth 500k and it was earning you 15-20k/ year what would you do. Worry about Johnny and Mary or let the state solve the mess they are making.

Remember the word below. There are ( however there is less every year as they are exited as fast as possible) some at 40-50% of the market rate.

I be getting my equity out