2 out of 3 young adults living at home

It's not a lack of understanding, I know that they do and I'm raising that this in itself is an issue. I'm saying we already have too many of them and we certainly don't need more.

Being a LL shouldn't be seen as a hands off passive income stream, they need to be properly managed and regulated so tenants aren't waiting 3 months for something like a faulty washing machine to be repaired. I doubt my previous LL or any LL for that matter would live in the house where every time the washing machine went on there's a 50/50 chance your kitchen would get flooded.

I used the example provided by a person who manages a property on behalf of their parents who are the LL's in the Greater Dublin Area. They provided the figures, not me. The figures were 40k before and 32k after tax which is 3.3k a month which for a 3 or 4 bed in Dublin is fairly standard.

It may be "unfair" to some, but for people who bought "homes" instead of "property" negative equity won't apply. In any case, we absolutely need to bring the prices of houses down and fast, because without doing that we are setting up and extremely grim future for thousands of people. And that reduction in prices will either happen with a crash, which nobody wants, or it'll happen as a consequence of building more stock, and I'd include public housing into that equation which is the much better outcome for the majority.

You shouldn't be so quick to use others examples without doing the sums first. The poster you are refering to indicates that the net rent is 80% of the gross. The marginal rate of income tax in Ireland is 20%, there is also PRSI, USC, Property Tax and Rental Expenses. Taking into account tax credits even if that posters parents had no other form of income with the exception of rent they would still struggle to achieve a net rent of 80%. When you consider that a significant number of elderly people have a state and private pension it makes it even less likely that the numbers you used to try and make your point are accurate.

So I'm not to use an actual LL's figures that they freely provided through their own experience. I thought that was far more reasonable than to create my own out of the blue.

I was using a simplified example but I'll simplify it even more, LL's are getting their tenants to pay for their asset worth 000ks that they only needed a deposit to pay for. Any sale of this asset will result in a minimum of x 5 return on investment. They don't need further benefits or incentives.

You can use whatever figures you like, but when you use figures without verifying their accuracy its important that its highlighted so other boards users can view your future posts with the heavy skepticism they deserve.

That's how the majority of business works you invest some of your money, borrow some from banks or investors. You buy assets with the money and use the assets and your labor to generate further income. The long term goal is that anybody who invested ends up better off than they were at the start. Our whole economy is based on this system just look at energy production, food production and private health care all of which are essential and all are industries that make significant profits.

The issue now is that there is limited supply and as we know that drives up prices, its not in the interest of those with skin in the game to do anything that would harm current rents and the state are no longer capable of delivering housing so I feel high rents will be the status quo until there is a major recession and job losses. What happens then is that banks limit lending and those who are cash rich or have assets to borrow against snap up cheap properties and the whole cycle starts over again.

I truly find it baffling how somebody with such a rudimentary understanding of mathematics feels so confident in telling landlords how they should be running the rental industry.

I'm advocating for more Buy to Rent properties to be built as we need far more stock. I just don't agree that John and Mary renting out their 2nd home, who only want passive income with inadequate maintenance are the right people to solve the rental crisis.

It needs to be a properly regulated industry, not "Ah ye we'll get around to fixing that" and a month goes by and your kitchen has been flooded 15 times and still nothing because they were on their holidays and all tenants get is another 2 week wait.

Using hyperbole doesn’t make your point more valid.

It sounds like you want more institutional investors building/buying up whole developments for rental income, competing with owner occupiers for available supply. One thing you can absolutely gaurantee with professional investors in BTL’s, they will maximise rental yield by ensuring rents are raised as new, first time rentals come on stream.

94% of all rental properties in Ireland are owned by the people you want out of the sector, private, non institutional investors.

That statistic should drive home the incongruousness of your viewpoint. Again, whether you mean to or not, whether you can understand it or not, you appear to be advocating for a ramping up of institutional investors to build for rental profit. Why then is there such an outcry when REITs/MNCs/Ryanair etc buy up whole developments? You want the profits flowing out of the State on low tax rates/tax free?

So, even though you don’t need to be a “mechanic” to see what is coming in the housing market, you don’t want to speculate on how the housing market will collapse?

The housing market collapsed in the last recession because we, amongst other things, built too much, too fast, offered and accepted easy credit and speculated in BTLs. Now we have increased population, limits on credit and not enough rentals.

It’s ok for you to speculate, let’s have it.

The ratio of professional landlords to one off landlords has increased significantly over the last number of years, have you noticed any improvements in the rental market during that time? The current view is that professional landlords are driving the increase in rents as they are the ones bringing the majority of new rental units to the rental market.

Pure waffle is right.

The CA forum is full of threads from people saying the end is nigh. You can find forums going back at least 7 years saying that housing prices are on the brink of collapse.

The problem with the current dominance of non-professional landlords is that you can't have a stable secure long-term rental market with them. You will never know when they will kick out their tenants because they have a brother or someone else wanting to use the property. Or they themselves might want to move in. This might be genuine or might just be a pretext for eviction but either way there's very little security for tenants.

Another problem is that, because they are large in number, they form a voting block and can effectively stop legislation that might reform the sector.