Irish Property Market chat II - *read mod note post #1 before posting*

I don't agree, people can intend to rent with a variety of horizons, while going abroad etc. and it should all be very welcome supply that would help to alleviate a rental crisis.

The only rationale I can see for championing tenure changes that would drive small landlord supply out is from a purely selfish perspective from a tenant that is in a place they want to stay in and wants the regulations changed to keep them there.

That's rational from a selfish perspective but it will do the rental market no good, and if they ever have to move and need to find a rental they might come to regret the lack of supply.

A pup is a pet, a property is an investment.

Tenants moving on do not always coincide with the preferred selling date, at the moment the selling date coincides increasingly with the tenant moving on as a result of LLs wanting to exit the market though.

That would be a fine concept if the rules and regulations were stable and balanced. They are neither

What regulations would block this strategy?

As I said the regulations are not stable. Up until 7 days ago a tenant could not be evicted, and until Europe stepped a few days ago the government were trying to meddle more in the short term letting market. I sold my rental in March, because I was fed up with all the meddling, I had picked tenants that I knew wouldn't stay long term (3 tenancies in 6 years) and it worked out for me, but I still wasn't taking the risk of another tenancy on as I didn't trust that regulations had any balance in protecting landlords.

I don't think tenants that only want to commit to a short rental are the exception in Ireland, they are more the rule and always have been.

People want to buy here rather than rent. If that is going to change it is going to take a long time and the first step is to get new long term supply before getting rid of the existing shorter term supply.

If you offer someone out of college starting a new job that moves to Dublin a 10 year lease and they have to commit to that they will say no thanks, they want to commit for around 2 years probably.

Likewise someone experienced moving here for work, wants the option to buy in a year or two.

Lots of families moving look to rent for a year or two before picking somewhere to buy.

Landlords are already aiming their service to their time horizon.

How can an investor resist such an appealing prospect.

They purchase the business like they do any other business and decide if they can make a profit on it, I'm not sure what you're getting at?

Who's we? I don't know how you got there from what I wrote.

Those aren't the choices, landlords have the right to end a lease and sell, they are doing that in their droves.

Thousands of them are exercising that choice every month and that is going to continue.

According to estate agent reports the majority of properties on the market are ex rentals and the majority of buyers are first time buyers.

You can't stop people from exercising their property rights, obviously they did for a while and would love to continue but they have been given legal advice and a ruling against them would cost the state an an absolute fortune in claims by anyone who was prevented from selling.

What?

LLs exiting very obviously contracts supply, more people homeless, more people competing for limited houses available for sale.

Tenants have more than reasonable rights, in fact the reason LLs are leaving is because they have so many rights and LLs have so few.

How do you propose to slow non-EU immigration without EU approval, and I suspect you will find that EU citizens coming to Ireland and lack of emigration of Irish people has a greater effect.

The REITs bit I agree with, but bear in mind, without the REITs/institutional investors providing forward financing, a lot of developments would not have been built and there would be far less rental accommodation.

Read the warnings in Post 1 before continuing down the immigration rabbit-hole again.

exactly what parents in dublin and teachers unions want to hear

Pretty much correct. For what you pay in Dublin for what you get in terms of culture, heritage, infrastructure, quality of life, junkie free streets. It's a rip off. I say that having grown up and spending 30 years living in Dublin before moving away 7 years ago.

If only they had such foresight when they were tasked with auditing the banks before the great financial crash and advising clients on their property portfolios

When you say “assume”, are you saying PwC/investors should ignore what SF have promised to do if elected?