Govt to do 'everything' to prevent evictions - McEntee

Just think Monica's grandmother's apartment in Friends, you'll have your tenants grand kids living in there :D

Well they will have crossed the Rubicon on banning 'no-fault' evictions and set a precedent. Next up there will be a constitutional referendum on having the right to a home enshrined in the constitution, that will get us past the temporary issues with 'no-fault' bans. And we might have a new government in a couple of years.

Have to say I'm in a similar boat re pension and kids and seriously considering selling. I wouldn't be sensitive to having to sell at a drop in price, especially given the pension tax relief that I'm not currently maxing out on and you only lose 1-CGT of any drop too as you'd pay CGT on it if it didn't drop, assuming price has gone up since buying. The government may actually be doing people a favor here by making them think with this.

The REITS certainly won't want the small scale landlords getting out before them.

Oh absolutely, and it’ll be a lot harder for the REITS to sell up, so I’d expect those guys to challenge the government on any ban if it goes through, they have the money to do it, and I’m sure they’ve already got their lawyers on alert

All of these were temporary, the insurance levery(s), RPZs, USC..... if there is a ban it will be extended over and over. The only way out of this is more social housing, it's not private landlords problem that there is a housing crises, they didn't cause it. It was caused by bad government policies and lack of thinking it through.

Nothing here is ever temporary it always becomes temporary, by the way you can add the special criminal court to the list as well.

The constitution isn't that flexible, something is either constitutional or not, even if it's temporary

RPZ was meant to be temporary

Frequency of Review

The Residential Tenancies (Amendment) Act 2015 introduced a temporary restriction on rent reviews to once every 2 years for all existing and new tenancies, no matter where in the country the property was located. The Planning and Development (Housing) and Residential Tenancies Act 2016 then changed how this applies in rent pressure zones. 

For tenancies in place at the time of designation as a rent pressure zone, the first rent review after the designation cannot be conducted before the 2 year “freeze” period brought in under the 2015 Act has passed. However rent reviews in rent pressure zones are then permitted annually after that.

For tenancies commencing after designation as a rent pressure zone, the 2 year “freeze” period on rent reviews brought in under the 2015 Act does not apply at all. Rent reviews are instead permitted annually subject to a capped increase of 4%.

https://www.mccannfitzgerald.com/knowledge/real-estate/being-in-a-rent-pressure-zone-what-this-means-for-you

Like I said some landlords did put up the rent, but then again my renting days were rougly from 1995 to 2010, there were certainly instances of leaving the cash in an envelope by the door, but I never had anyone put up the rent, but maybe that was me and a few others I did have friends whose rent was put up, so I suppose there wasn’t a one size fits all.

Rentals will always be needed. Even if the small guys are gone.

It'll be a bonanza for REITs and the "professionals".

Similar is happening in Germany at the moment. Back in the early noughties after Germany reunification, the eastern half sold off a lot of state owned housing.

In the last while especially in Berlin these funds have started to get apartments vacated and then refurbish's them. Then guess what new rents are increased substantially.

But it's all the small LL problem in Ireland.

Mr O'Brien told the programme he was "acutely aware" that if the measures "are not calibrated properly", they could have "unintended consequences of leading to further flight of private landlords which we have seen since 2016".

So they have seen this since 2016 and done nothing to address it, and now they are the cavalry riding to the rescue saving us from themselves :D

I’m confused, why are they proposing an eviction ban of they type? It achieves nothing.

If it’s the cost of living then surely if you can’t afford your rent you should be helped buy social welfare but if a tenant stops paying they can still be evicted.

All they are doing is delaying landlords selling by a few months. What’s that going to achieve?

What are they going to achieve in the next six months that will make an extension to the ban unnecessary? 

This will become near permanent and it's going to destroy the lower end of the market.

I can't see REITs channanging it because they aren't looking to exit the market. I can see them selling to the state as a sweetener. Any challenge would have to come from smaller LL and it could well be the whole system including the RPZ's if that were to secede it would be the wild west

If you look at the timing you would probably only need one more pause over next winter and it might get them through to the next election without evictions making headlines. Job done and they get away without reaping what they have sown in the housing mess.

This is slightly conspiratorial, but maybe they see a price drop coming, (I wouldn’t be foolish enough to say they won’t drop they’ll level off, because that’s what people said last time and look what happened) so the plan is to prevent people selling now until the price drop kicks in and people are underwater again, and then they won’t sell, what has to be remembered is that all the 100% mortgages and interest only mortgages taken out in the early 2000’s will only now have the interest paid, the principle is still there, so to all those acusding landlords of cashing in, they’re not, after the sale they’ll pretty much walk away with nothing, but will be debt free.

Maybe the government realises that people are going to cut their losses, so prevent them selling while the market is up and they won’t sell if there’s a drop. People shouting about the price can go down as well as up, etc. I agree however you should be allowed to sell when you see fit, this whole thing is open to challenge especially if the price drops and people can’t sell, and don’t give me the tenants in situ, we all know that’s market manipulation.

Like I said conspiratorial, but nothing would surprise me

It would be extraordinary if they did that, but to me it's less extraordinary than suspending property rights!