Winter 21/22 Eviction Ban (was: And just like that, FFFG lose 298000 votes))

If you rent out a place in this country at the moment you are essentially inviting a homeless person into your property and taking on responsibility for housing them going forward.

You have to change them every six months

Looks like the law of unintended consequence is coming to the fire again. Like the few small LL here have pointed out the exodus continues. I pointed out earlier this year about a conversation with a census enumerator and the amount of empty houses. This is in today's paper

The real problem is nobody will replace these houses in small towns or village. Government in its regulations has regulated the small LL out of business.

When you look at it they have imposed the same regulation costs on LL in these area where the rental return is often only 50% if larger urban Ireland

Yes the exodus has cooled the house market for the moment. But the supply will dry up and houses will take off again

I'm not sure there's that many votes in people renting either.

Phucking over the landlords will phuck over the tenants in the long run.

Homeowners are the registered voters are who have real skin in the game in local areas and are not afraid to be awkward with local councillors/TDs etc over a very long period.

A good chunk of renters may not even know their local TDs or be registered to vote in the area.

More and more articles stating the obvious why landlords are selling. How did they expect landlords to be treated so badly and continue providing a service?

How did we not have so many problems in the rental sector 15-20 -years ago!

The problem for government is that as a tenancy ends a substantial number of LL make a decision not to relet. The other issue is many house that would normally be available for rental are staying away from the market.

There is a simple law of physics Newton 3rd law:

'' for every action there is an equal and opposite reaction''

Regulation has backfired.

It is not just tenancies ending it's also houses that might come into the system temporary are now completely discouraged.

When you look back at the bedsit debacle 2010-12 which took out a substantial amount of cheap accommodation you would think politicians would learn. If you over regulate you need to make sure there is tax incentives in place to keep stock in place.

Over regulations is grand for those in accommodation it's a disaster for those looking to rent. If you regulate you need to balance rights.

Because cash kept accomdation prices down. When ever you integrate any area of business fully into the tax system it increases costs. While not advocating tax evasion you have to understand if a LL is paying substantial tax then it effects what he needs to charge to make the numbers work out. The net effect is if the numbers do not make sense the investor leaves.

What is worse is that k rental income is classed as unearned income. Along with that normal write downs applicable to other businesses are not allowed in the rental sector. Even a few years ago LL's were only allowed to offset I think it was 80% of mortgage interest allowable against tax. Just think about that a fully justified expense not allowable. Property tax is still not a tax deduction.

Another factor is that those renting no longer share rooms. This increases costs as well. I rented for about ten years in the 70/80's, in that time I shared a room for 7 years at a guess. The only rooms that had single occupancy was the box bedroom or the jacks if you were going for a sh!t.

Weirdly people who rent don’t vote as much, because they tend to be transient and don’t stay in the same area, at least that used to be the case I’d like to see stats, to see if it’s changed now that people stay in the same place longer and the fact you can register online.

Or actually investigate the tax evaders and hit them with demands for payment + normal penalties. Use the money to build State housing

Yeah I can't imagine tax avoidance is a big thing, with all tenancies having to be registered any sort of a fall out with a tenant then tax avoiding landlords would have been in trouble in any case, it isn't a new issue with the tax credits IMO. The last thing one of these landlords would want now is to issue a termination notice and it riggers checks on everything and anything on request by the tenant who doesn't want to leave.

The way the system works, I don't think the government are under huge pressure with lifting the eviction ban because tenants will just overhold if they have nowhere to go and the system takes years to make them move out.

The system is like this by design, and the regulations are deliberately complicated to draw out the amount of time that rental units are held in the system. They are putting requirements in to deliberately trip owners up to invalidate their notices and drag it all out.

But maximising the time a rental stays in the system has the effect of minimising the sum of rental units as it incentivises existing LLs to exit the market and certainly will not incentivise new entrants. Did I read somewhere that there scheme to encourage the letting of the houses of residents of care homes had 4 applications which is 4 more than I expected.

They don't care about any of that, they care about the next election and keeping their job, it's short term decisions in their own interests.

They can and will make short term populist decisions that damage the long term rental market and the property market if they think they can get more vote out of that.

But that is not the assumption. The assumption being peddled by @The Spider is that it's people evading tax that are selling because of the nee rent tax relief. However LL are fleeing the market for the last 5 years and what was a trickle is now a Tsunami. What was only effecting mainly urban area is not effecting rural towns and villages as LL issue termination notices.

So what has been the biggest change in the last 5 years. It's the constant change in regulation. I expect that the majority of LL are tax compliant to an extent, making a tax return. There is no cash in the system. For LL the risk of not registering leaves you carrying a lot of risk.

In smaller towns and villages you have a much higher percentage of HAP tenancies as most jobs in these areas are often minimum wage. As houses are cheaper it more likely those with an anyway decent income will have got a mortgage and purchased a house if they are available.

The thing that has changed in the last five years is the constant changing of regulations. Actually I suspect that a lot of houses that are exiting the market ate where tenant's leave a house and LL decides not to relet. They may not necessarily be selling the property

There is a substantial number of vacant properties locally that traditionally would have been rented but now owners are letting them vacant

If you read the article it seemed to indicate that the non registerations were in the student rental area. Non registeration is not a indication that the owners are not tax compliant. Again the vast amjority of students are paying by either credit transfer or Direct Debit. what is happening in student tenacy area is not an indication of what is happening in the wider rental sector.

The article mentions that the vast majority of LL were registered. This was a survey done on student accomodation. As leases were traditionally 9 months and students left after that there may have been a tendency to skip registeration. However all indications are its no common accross general lettings. owners of student accomodation are more likly to have multiple units, ( less like that units were inherited or orginally bought as a residential unit) so they are much more likely to be registered for tax. Many will be registered with student bodies or were traditionally on college accomdation lists. Revenue would check these lists and follow up on checks. Of all places you would have be slow to not declare for tax is accomodation used by students

You find tax evasion in every business area l. In restaurants, farming, pubs, shops and in renting. However it probably at the the same level as in any other sector.

I mean who is making the assumptions here. The lad that say because he see some random ould lad pay for his messages in ten euro notes in SuperValu in Ballykissangel that there is loads of cash in hand work in rural Ireland. Transferring the results of a random audit by a residential group with an agenda as an assumption accross. the complete residential sector.

It's all goes back to an assumption that the reason LL are leaving the sector is because of a change in tax allowances that happened last Autumn while LL's have been leaving for the last five years.

Ya WTF is making the assumptions