'I pay €700 for a bed in a room with four people'

Fine Gael and Fianna Fail property developer cronies, they want totally unlimited immigration and no building of houses, they wan't no small time landlord either. These people are so corrupt it is unreal. They are the enemy of the people. Everyone in the same boat and bringing in thousands of scammer immigratns pretending to be refugees ontop of the genuine Ukrainians and Latina students like this has the country at absolute bursting point. There needs to be a marshall aid type plan to start investing into proper infrastructure, motorways and railways, build high rise and a common sense immigration policy that deports anyonje who comes expecting welfare and free housing after say 3 months. Work or go home and the same for Irish work or no benefits. Slash and burn the nordic social model and use tax revenues to grow the economy with infrastructure instead of diverting it all into corrupt cronies pockets. Ireland does not give a crap about refugees or Ukrainains it is all about how much money politicians friends and family and donators can get off the govt teat.

Are we willing to accept less in Ireland in terms of accommodation? I think so.

I think so too.

2005.

I'm in Dusseldorf. 1,100 cold rent a month for a nearly 100m2 apt. It's 10 minutes walk from the equivalent of Templebar and Grafton st.

Employers are breaking the rule all over the shop and there is no enforcement since revenue are getting tazes, the vast vast majority of those English schools are engaged in visa fraud and are visa factories, most of the Brazilians and other Latinos are working far in excess of the 20 hours, working deliveroo or working cash jobs like cleaners and caring for the elderly. Only the minority of them are young genuine students with rich parents funding them to study actual proper English, the rest are economic migrants up to 50 years old abusing the English language visa scheme, no other country except Ireland allow language students to work also.

They go to sham schools and their classes exist of semi-illiterate teachers showing them things like Derry girls, tours to the Guinness factory (yes!). A total scam again designed for FF/FG scum landlords to rip them off, everyone except the political elite cartel of politicians, businesspeople, shareholders, high ranking civil servants and the legal profession are all involved and benefiting. Everyone else is being exploited, if your from a crappy Favela in Rio then peddling a deliveroo around Dublin and saving €100-€200 per month seems like huge progress in your life. They want to work and fair play to them and I would have no problem rewarding work. The problem is the welfare tourists from the middle-east and sub-saharan countries like Somalia who abuse the system, don't work and show up without documents or claim to be persecuted LGBT for asylum purposes when in reality they are islamic homophobic bigots themselves.

The housing crisis coupled with open borders is going to cause alot of huge social problems going forward and the working and welfare classes are now backing the likes of Derek Blighe whilst the bourgeoisie in places like Dalkey benefit from it but the squeezed middle class poor lad is hammered in taxes to pay for it all. The brightest and best are leaving again as Ireland is so corrupt and the housing crisis coupled to inflation has left it practically impossible to survive and work and you would want a minimum of €20 per hour to have a fighting chance, no wonder so many give up and become dole lifers.

There won't be high prices when the money runs out. Blood from a stone cannot be gotten.

Even if the money were magically infinite, all younger generations down are going to wallop these greedy shaisters when leadership is passed.

This is not an ordinary political situation. This is a multi level crisis, years in the making, reaching its conclusion.

So either the hysterical greed is punished soon or it is punished later. Whether it comes down to mass asset seizure, new targeted taxes on inheritance, migration freeze, deportation, citizenship rewriting, who knows. Consequences.

The one thing you can bet on is that this is not going to last longer. It could never have lasted.

I know it's not a solution to the overall problem, but why aren't the Universities and IT's lumped with the student accommodation issue? Why aren't they being forced to find, fund and build student accommodation? I don't understand that part. I know they have some, but they should have enough for everyone. That would free up the public market then. Granted, free it up to fill it with random immigrants, but still, might open up a few places at least.

Any "landlord" forcing what's happening in the OP (if real) should be prosecuted. Surely a H&S issue at least?

Immigration is just one aspect of the current accommodation shortage. There are other factors to consider that are probably more significant.

1. Landlords expectations. A future election of a Sinn Fein government and/or property referendums and with prices so good, now is a good time to exit before becoming trapped with further rent controls in a high inflation environment.
2. Refurbishment: Many properties built during the Celtic tiger boom have exhausted their tax schemes and are now due for some refurbishment work, this is to be expected after 20 years. Property is generally a depreciating asset unless you maintain it.
3. Interest rates, rental yields, REITS: The low interest rates and rental yields have attracted foreign investment funds, many rental properties are being sold to German, Israeli and French funds, including the pre-63 stuff. There may be other consideration for tenants. This is one of the major consequences of ECB negative interest rates, they destroyed the bond market and the pension funds need yield to meet their obligations in an older, greyer Europe.
4. Refugees: The fees paid for refugees are €100 per night,  €135 if the landlord provides food, get 2 to a room and let the taxpayer funds roll in. There are some operators in this game who will buy up existing rental properties, and insist existing tenants are cleared first. This competition has an impact on the availability of property for those on the HAP scheme.
5. Taxation, insurance and regulation: The days of the slumlord are gone, taxation on "unearned income" is 52%. Enforcement of safety regulations and council inspections have increased, the maintenance cost with that overhead has increased.

There is a lot going on and you cannot attribute the current situation to one causal factor.

Property developers want no house building.... Riiiight

With no end in sight.

There are 28 properties to rent in Cork city. 1 for every 4.5k people which is just insane. I remember renting in 2014 and it was tough then. Maybe 800 a month to get a nice one-bed in Dublin county. Its doubled since then.

That's nothing. Sure I paid 700 quid for a bed in a room with 4 people for one hour before.

The moral of the story is that hookers are expensive, even in Moscow Hotels.

Will do :)

the rent is weird here. There's loads of cities nearby. Cologne, Dortmund, Bonn, Essen are all 30 minutes by train. So a lot of people live in one and work in the other. Dusseldorf has the most expensive property of the lot. People here complain about the price in Dusseldorf. And I could have gotten a smaller apt but I decided my budget in advance and ended up with this place. So when I explain what Ireland is like and show them examples they're amazed.

Over the last few months most of the protests are pro ukraine or anti Iran. There used to be anti vax ones but they've died out. I saw a pro-Russia/Anti-Ukraine one once. I counted 17 people in it. I don't think I've ever seen a protest about working conditions.

The most annoying thing was finding somewhere to live. There's loads available online but most are unfurnished and only about 30% come with a fitted kitchen. When germans move apartments, they bring the kitchen with them. I certainly wasn't buying a kitchen so I was restricted to the 30% that came with a kitchen. There's loads of temp apartments and airBNB type things so you'll end up living in one for a couple of months. And if you go the unfurnished route then there's a huge market in second hand furniture and of course Ikea. This is the first time in my life I've been able to furnish an apartment they way I wanted it.

Edit: I wanted to add in a link to a german property site.

https://www.immobilienscout24.de/Suche/radius/wohnung-mieten?centerofsearchaddress=D%C3%BCsseldorf;40479;;;;&numberofrooms=2.5-&price=-1000.0&pricetype=rentpermonth&geocoordinates=51.23411;6.78436;3.0&enteredFrom=result_list That's filtered to within 3km of the centre of Dusseldorf. And yes, Deutsche Bahn are terrible, but the local transport is amazing. You can get just about anywhere in the city in 10 minutes.

In 1993 I went to college for the first time. I paid 22 pounds a week for a single room. I remember my landlord selling in 95 because the house had increased from something like 40k to 45k. He couldn't believe that the price increases could keep increasing like that.

in 2008-2009 I rented a 3 bed duplex in blanch with a friend. The place cost 800 a month.

My last apartment in Ireland I started renting about 7 years ago. The rent was 650 for a one bed in Maynooth. 3-4 years later the landlord upped the rent to 950. They said if I didn't agree then they'd sell. The place was falling apart. They refused to do basic maintenance. It was damp, cost a fortune to heat. I saw it on daft after I left and it has a BER of G. If I move back to Ireland I'd have to give up my beautiful large apt here in dusseldorf and rent a room in an apt for the same price. I couldn't rent even a 1 bed apt anywhere near dublin for the price I'm paying here. It's depressing how bad it is in Ireland.

My advice to anyone in Ireland who's newly graduated, or even single and doesn't own their own place, is to move. I'm in my 40's and I don't regret it. Ireland's not going to get better anytime soon. It'll probably get worse. Leave for a few years. It doesn't have to be permanant. Get some experience abroad. Save some money. Have a decent standard of living. Flights home from europe are regular enough. And if you live outside dublin there's still flights to regional airports. For example I get flights from Cologne - Knock during the summer to visit family in Mayo.

The only solution to Ireland's housing crisis is to build more, but that would most likely mean some government programme. And we all know what that means, ugly looking, poor planning and small, nothing to ever be proud about.

I think this is still the aftershock of the financial crisis of 2008 where the government believed, by not building anything prices would recover once the economy and demand picks up. But what do they have now? Lack of supply everywhere to the point that there is absolutely no choice in even considering employment in Ireland anymore.

If one is young or one is a newcomer to Ireland the situation is abysmal. I neither understand why one would work for Google/Meta/Microsoft if there is no housing, same as Ukrainian refugees coming to Ireland? I'd pick some other EU country as a refugee.

Germany or any other EU country would do as an alternative in your case. Dusseldorf seems to have a quarter which is similar to Temple bar, I recall. I think it'll be a good 10 years for Ireland to solve the housing crisis and even if they do, it's going to be an inferior choice to what one would have in mainland Europe and even in the UK.

Also, one doesn't need to go far away from Ireland. Just look at cities like Manchester in the UK? Brexit? Recession? Shortage of workers? but no complaints there, they are building high rise after high rise putting lot's of stock out to the market where renters and buyers have a choice of options.

Many Irish Business depend upon the language school students (as most Irish dolers are to lazy to take those jobs).

You are contradicting yourself. Either they are welfare tourists or they are working 20h or more/week. Make up your mind.

A big part was the governments decision to hand off social housing to the private sector. We need government owned (and potentially built) houses. By offloading that to the private market it removed a lot of potential rental stock.

A second thing was allowing REITs to buy up so much potential rental stock.

Thirdly, with the price of buying increasing a lot of landlords are getting out whilst they can make a tidy profit. I'd imagine a lot would be people who bought during the last boom. Their houses are nearly paid off and they can make a tidy profit. people sell assets when the market is high. And landlords didn't get into the market to provide a social service and make the country better. they did it to make money.

I honestly wouldn't blame landlords exiting. I think that rental income is taxed excessively high in Ireland, and there may be other bureaucracy to deal with. If it comes to investing it's probably better to consider the stock market than to a buy to let property.

I would agree with the rest of your statements. Those REITs can be a problem. Also suppose they would offload everything at some point? What kind of impact would that have on values as well?

Those REITs are a bit of an unknown quantity as well.

Also, I don't know how much truth is in this article below: Apparently there is enough stock, but it's not on the market?

https://www.irishexaminer.com/news/arid-40936727.html

Have there been massive hikes in the tax on rentals in the last 5 years? landlords weren't exiting 5-10 years ago they way they are now. the one thing that is massively different is the price in houses. Normally a landlord buys a house and expects to have the mortgage paid in 20-30 years. At which point they have extra rental income to supplement their pension or they sell the house. Landlords have just made the decision that they want the short term profit rather than hanging around.

And yeah, there's loads of vacant properties now. Some are derelict. Some need a bit of work and some are fine and just empty. And a lot of the stuff that's in a good condition is owned by REITs. Remember that they aren't just calculating the rental income but the overall value of their property portfolio. So even when apts are empty, they increase in price. So on the books they have increased the value of their holding that year. renting them at a lower price might actually decrease the value of the property.

For the rest it's all stuff that people are holding onto. There's a vacant property tax at the moment. But it's next to useless since there's so many exemptions.