Irish property market |
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pre Madonna
Robbie Keane I am MALDING Joined: 30 Nov 2014 Location: Trumpton Status: Offline Points: 44659 |
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Why is there a need for 'rental gafs'(sic)?
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nvidic
Moderator Group Joined: 03 Aug 2010 Status: Offline Points: 19009 |
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Because there's an under supply of places for people to rent...
Ask anyone who has tried to rent in Dublin last few years how hard it is to find a place, these schemes are helping with that pent-up demand. Yes, more places are needed to buy too but they're coming on stream at a much quicker rate than rental apartments, I've just moved into a new estate with 2,000+ units when finished including three apartment blocks nearly finished, drive 10 mins in any direction and there's multiple new estates with both houses and apartments, all to buy. Drive 25 mins in any direction and there's dozens of new estates, all to buy. Again, would you not be happy to get a much better apartment than your old one for not much more money? Why exactly does that post bring out the need for a nuclear wipeout? |
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pre Madonna
Robbie Keane I am MALDING Joined: 30 Nov 2014 Location: Trumpton Status: Offline Points: 44659 |
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Of course I would, I would hate my landlord just the same. It isn't the post that brings a need for nuclear wipeout(sic), it is the thought that property developers are 'helping' with the housing crisis in Dublin. Anybody who makes money off human beings existing and their need for housing is a parasite, they should not be held up as some sort of an example. That is what is wrong with society, the people who deserve the most praise rarely receive it.
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nvidic
Moderator Group Joined: 03 Aug 2010 Status: Offline Points: 19009 |
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Oh, I hated my landlord, they were awful for the most part, Don't think I held them up as an example either? But yes, I was delighted they provided me with a brand new apartment to high spec at a good cost. At the same time, these units are badly needed and there's not too many people able to deliver them so catch 22.
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pre Madonna
Robbie Keane I am MALDING Joined: 30 Nov 2014 Location: Trumpton Status: Offline Points: 44659 |
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Fair enough. I took your post as praising landlords, who, as far as I am concerned, are the scum of the earth.
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Padraig
Kevin Kilbane Joined: 16 Nov 2011 Status: Offline Points: 396 |
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The solution to our property crisis is a massive increase in social housing. Vienna, a far nicer city than Dublin in every regard, has much lower rent than Dublin because around 60% of Vienna's population live in social housing. Increased supply of housing will not decrease prices or rents if those supplying the housing intend to profit from it
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MC Hammered
Jack Charlton Joined: 05 Oct 2011 Status: Offline Points: 6874 |
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Is that figure correct? It's very interesting if so. What's the story there, you live in the apartment until you die and then it goes back to the state? There's a bit of a stigma around social housing in Ireland.
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El Puto Amo
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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It’s all very true. It just overtook Melbourne as the best city in the world to live in. |
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rossieman
Roy Keane Joined: 01 Apr 2011 Status: Offline Points: 14254 |
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That's what should happen here but the councils sold off a lot of social housing over the years. |
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MC Hammered
Jack Charlton Joined: 05 Oct 2011 Status: Offline Points: 6874 |
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Cheers. Practically speaking, how would something like this
work in Ireland? Massive construction projects funded by the government/
taxpayer? It amazes me how we were able to fund huge social housing
projects around Dublin (Crumlin, Drimnagh, Ballyfermot, Cabra, Finglas etc) back
in the 40’s, 50’s and 60’s when Ireland was an economic backwater but it’s not
possible to do it these days despite a genuine housing crisis. |
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El Puto Amo
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rossieman
Roy Keane Joined: 01 Apr 2011 Status: Offline Points: 14254 |
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No profit out of it,it could be done but the powers that be would rather sell off council land to developers and let them build on it and threw in a small percentage of social/affortable housing. There was massive housing crisis back then too MC,people were living in squalor .
Edited by rossieman - 17 Aug 2018 at 10:28am |
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pre Madonna
Robbie Keane I am MALDING Joined: 30 Nov 2014 Location: Trumpton Status: Offline Points: 44659 |
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Of course it could be done. There has been massive social regress in mentality in Ireland, Britain and the States in the post war period.
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MC Hammered
Jack Charlton Joined: 05 Oct 2011 Status: Offline Points: 6874 |
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Ah yeah, I know all about the tenements. I just mean that Ireland hadn't a pot to piss in but was still able to build huge scale housing of great quality. Now, we present ourselves to the world as an ultra modern cosmopolitan society but yet the coffers are empty when it comes to providing the basics for the most vulnerable.
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El Puto Amo
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rossieman
Roy Keane Joined: 01 Apr 2011 Status: Offline Points: 14254 |
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They dont want to do it is the main reason imo. Of course there will be a certain small amount of housing built but no real money generated if you are building social housing.Think about all the different people who make money when a private developer builds an estate/apartment block.
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greenlad
Liam Brady Joined: 30 Jan 2013 Status: Offline Points: 1696 |
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part of the reason rents are so high is that people who rent out property are hit with 48% tax, no that's not a typo it's 48% and the government are rubbing their hands.
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Saint Tom
Jack Charlton Joined: 03 Jan 2009 Location: Ireland Status: Offline Points: 9983 |
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Its at a person's marginal rate after expenses (including 80% of any interest on a loan) are deducted. Big difference
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My destination inchicore my next stop being kilmainham
Where patriots and super saints are the topics of conversation |
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MC Hammered
Jack Charlton Joined: 05 Oct 2011 Status: Offline Points: 6874 |
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This might be a stupid Q but please bear with me. I've never really understood this. Imagine a fella has two mortgages on houses, he rents one and lives in the other. The one he rents has mortgage repayments of €1000 plus interest of €200 per month. He rents the gaff out for a) €1000 b) €1200 per month c) €2000 per month. What approx is he paying in tax in those situations? |
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El Puto Amo
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Padraig
Kevin Kilbane Joined: 16 Nov 2011 Status: Offline Points: 396 |
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I haven't an ounce of sympathy for people wealthy enough to own more properties than they can live in and attempt to profit off a basic human need.
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