How many current TD's are landlords?
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Topic: How many current TD's are landlords?
Posted By: Given's zimmerframe
Subject: How many current TD's are landlords?
Date Posted: 17 Jun 2022 at 7:00pm
| Are any of them landlords? Is it possible/allowed? If so how many of them are? I have no idea myself thats why I ask on here |
Replies:
Posted By: t_rAndy
Date Posted: 17 Jun 2022 at 7:04pm
| Teachers, publicans and landlords the lot of them |
Posted By: Lenny82
Date Posted: 17 Jun 2022 at 10:12pm
| Almost sure Matt Cooper said on the radio that 1 in 4 Fine Gael TDs are landlords. |
Posted By: Trap junior
Date Posted: 17 Jun 2022 at 10:27pm
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I have a house in Castlebar, Dublin and Brussels. Try it sometime! ------------- Pied Piper to: Baldrick, Brendan 88, 9Fingers, Borussia and more... 97.6% chance this post will be replied to by Baldrick (source: PWC) |
Posted By: Jackal
Date Posted: 18 Jun 2022 at 1:19am
| It will be on the Oireachtas website. |
Posted By: 9fingers
Date Posted: 18 Jun 2022 at 6:45am
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Richard Bruton is worth over 6million, of which property is worth about half of his worth. |
Posted By: counterlock
Date Posted: 18 Jun 2022 at 9:23am
M Healy Rae has about 5 million in property alone, add in the shop in Kilgarvan and I'd say he has a slice of the road business too. Must be worth close to 8 million
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9fingers wrote:Posted By: The Huntacha
Date Posted: 18 Jun 2022 at 9:27am
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Possibly easier to ask how many TD's aren't landlords. ------------- Jimmy Bullard - "Favorite band? Elastic." |
Posted By: McG
Date Posted: 18 Jun 2022 at 9:44am
Born into it sure (like the rest). His aul boy was a huge beef farmer and made a killing in pet food AFAIK
------------- YBIG Table Quiz winner 2016 & 2017 AS YOU WERE McGx |
Posted By: Shedite
Date Posted: 18 Jun 2022 at 7:59pm
https://www.irishtimes.com/news/politics/michael-healy-rae-is-dail-s-biggest-landlord-and-declares-nyt-shares-1.4496338" rel="nofollow - https://www.irishtimes.com/news/politics/michael-healy-rae-is-dail-s-biggest-landlord-and-declares-nyt-shares-1.4496338 |
Posted By: colemanY2K
Date Posted: 18 Jun 2022 at 8:06pm
that was albert reynolds ------------- "One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942. |
Posted By: Trigboy 10
Date Posted: 18 Jun 2022 at 10:05pm
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Posted By: Given's zimmerframe
Date Posted: 18 Jun 2022 at 10:44pm
Thank you, that was the general info I was looking for. I am from Dublin but I live in rural Ireland at the moment. The amount of empty property around the place is astonishing. Are people generally aware of this?
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Posted By: McG
Date Posted: 19 Jun 2022 at 8:32am
Ah so it was but he was still a big beef farmer AFAIK ------------- YBIG Table Quiz winner 2016 & 2017 AS YOU WERE McGx |
Posted By: Lenny82
Date Posted: 19 Jun 2022 at 9:34am
https://twitter.com/samtranum/status/1525008560387723265?t=CbVVLuOkiwXR08NRBAuUog&s=08 |
Posted By: Shedite
Date Posted: 19 Jun 2022 at 5:41pm
Not sure how ya do it really, do ya force reclaim property after 5 years?
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Posted By: Jackal
Date Posted: 19 Jun 2022 at 9:40pm
All of Haughey's backhander money passed on. Great to see people still voting for the Haughey.
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Posted By: Given's zimmerframe
Date Posted: 22 Jun 2022 at 9:19am
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Not sure how ya do it really, do ya force reclaim property after 5 years? [/QUOTE]
Since reading this comment I have spoken to a few people who fully agree about not knowing who owns many properties, is there a government body/office set up to try and find out who owns these empty buildings?
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Posted By: sausy
Date Posted: 22 Jun 2022 at 9:35am
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What difference does it make if a TD is a landlord or not? A lot of people rent for different reasons and that means there needs to be rental properties which means landlords. Not as if TD's are Canadian Pension funds with 1000's of properties. A lot of TD's might have had an investment property before going into politics. An investment property was a very popular pension option for self employed people and just a good investment for PAYE. ------------- Bimbos Burgers - "Official Sponsor of the Irish Squad" |
Posted By: Shedite
Date Posted: 22 Jun 2022 at 9:44am
The grey area is when so many of them are landlords, should they be the ones voting on laws that govern renting. There's an argument that any TD's who have landlords have a conflict of interest and should be excluded from votes on rent caps etc.
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Posted By: Given's zimmerframe
Date Posted: 22 Jun 2022 at 9:49am
Exactly! Thank you
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Posted By: Baldrick
Date Posted: 22 Jun 2022 at 10:04am
By that logic a TD that is a renter is also a vested interest. Probably a more palatable and popular one to the public but the principle is the same nonetheless. ------------- AKA pedantic kunt |
Posted By: BrenC
Date Posted: 22 Jun 2022 at 1:28pm
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TDs pay income tax and VAT so by the logic here they shouldn’t vote on those either. They also have kids in college sometimes so shouldn’t set fees etc etc. it’s a ridiculous line of reasoning. A conflict of interest only exists if there is a close connection between the subject of a law and the TD which given general nature of legislation is exceptionally rare. If a TD votes for something you don’t like and you think they are being self serving then vote for someone else at the next election. ------------- Team Emmet |
Posted By: Given's zimmerframe
Date Posted: 22 Jun 2022 at 2:32pm
Things are far from perfect but there is no income tax/vat/college fee crisis at the moment, there is a housing crisis on an island riddled with empty property. I can understand if you are a property owner or potential property owner you would vote for ff/fg to maintain your property value but those people are dwindling. Surely there is a solution where everybody can win? regardless of what political party is in power. Ill ask again, does anybody know if there is a government body/office in charge of locating the unknown owners of these empty properties?
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Posted By: colemanY2K
Date Posted: 22 Jun 2022 at 6:05pm
the Housing Agency is tasked with it. they are working in cahoots with local authorities to CPO vacant properties. the minister has set a target of 2.5k properties to be flipped in the next 2.5 years. i know of a couple of vacant properties in my own town which have already been CPO'd this year.
------------- "One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942. |
Posted By: Given's zimmerframe
Date Posted: 22 Jun 2022 at 6:09pm
Thanks for the information, what is CPO? What do they do when they find out who owns it?
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Posted By: colemanY2K
Date Posted: 22 Jun 2022 at 6:38pm
Compulsory Purchase Order. Basically forcing the sale of the property to the state at market rates. More info here: http://www.citizensinformation.ie/en/housing/losing_your_home/compulsory_purchase_and_compensation.html" rel="nofollow - http://www.citizensinformation.ie/en/housing/losing_your_home/compulsory_purchase_and_compensation.html ------------- "One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942. |
Posted By: Given's zimmerframe
Date Posted: 23 Jun 2022 at 9:11am
| Cheers that answered a lot, do you know how big/many people are in charge of finding these properties? According to the articles linked here there are roughly 200000 empty properties, does anybody know what percentage of those empty properties have unknown landlords? |
Posted By: sausy
Date Posted: 23 Jun 2022 at 10:52am
All folios are with either the Land Registry or Registry of Deeds so not hard to find out who owns what. Not sure if you're looking to find out who owns a specific property or want to know if there is a team trying to identify the owners off all the 200k you mentioned. ------------- Bimbos Burgers - "Official Sponsor of the Irish Squad" |
Posted By: Given's zimmerframe
Date Posted: 23 Jun 2022 at 11:32am
Thats what I thought but apparently it is difficult finding out who owns many of these empty properties, thats why I am trying to find out roughly the size of the team that is working on it
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Posted By: colemanY2K
Date Posted: 23 Jun 2022 at 12:03pm
no idea. the cso have released preliminary findings from the recent census. 167k vacant properties which excludes holiday homes. looks like leitrim is the place to go if you're looking to buy a vacant property.  ------------- "One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942. |
Posted By: Artie Ziff
Date Posted: 28 Jun 2022 at 8:45pm
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Posted By: MayoMark
Date Posted: 28 Jun 2022 at 8:54pm
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Aren't most of these empty homes in places where there isn't a homelessness crisis? I'm not sure many people want to be uprooted and shipped to rural Mayo, Leitrim or Roscommon. Although I could be wrong. There are a ball of empty properties in the centre of Castlebar, and Claremorris and Swinford where I work. It would be fantastic to see them occupied, it would be great for struggling town centres to have people living there. ------------- They finally did it man... They killed my f**kin' car... |
Posted By: Artie Ziff
Date Posted: 28 Jun 2022 at 10:09pm
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They are more pushing to get the houses renovated and if that means a tax on empty properties to force some owners to comply then that's what they look to do. There must be hundreds of 1st time buyers that would like to move into Castlebar, Claremorris or Swinford, and that in turn regenerates small towns. It wouldn't surprise me if half the empty houses were down to family disputes over damned land and over my dead body you'll not get it  ------------- It would damage this forums' reputation |
Posted By: MayoMark
Date Posted: 28 Jun 2022 at 10:12pm
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I'd be all for a use it or lose it law!! CPO the f**kers. Properties on main streets deteriorating and, in some cases, having to have netting installed to stop falling pieces from hitting pedestrians. Absolutely ridiculous. ------------- They finally did it man... They killed my f**kin' car... |
Posted By: Given's zimmerframe
Date Posted: 28 Jun 2022 at 10:32pm
Yes many rural town centres have a wild west ghost town feel to them due to the amount of rotting empty properties
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Posted By: sausy
Date Posted: 29 Jun 2022 at 10:37am
I wonder what percentage of those properties are on the market but getting zero interest due to the works involved to turn them back around into places people could live. Could be difficult to value for CPO purposes too. But as already said a lot of these properties are in places people don't want to relocate to. Ignoring 200 year old main street places I wonder what the ghost estate situation is currently like. ------------- Bimbos Burgers - "Official Sponsor of the Irish Squad" |
Posted By: Baldrick
Date Posted: 29 Jun 2022 at 10:53am
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that’s exactly it sausy. You own a property in a town that requires major work to comply with health and safety and fire regulations etc and the demand for rental there would not pay you to spend all that money to renovate the house and you can find a better location for that money that will give you a better ROI. As a result the house is left. Someone who has the property but does not have the means to renovate. Should they have the property taken off them by the state or should they pay high taxes on a derelict property they can’t use or renovate. No easy answers that’s for sure and there will be lots of hard case stories. ------------- AKA pedantic kunt |
Posted By: Shedite
Date Posted: 29 Jun 2022 at 11:19am
Then that number doesn't account for reason of vacancy, just that there was nobody there on census night, of the 30k vacant in Dublin for example... - 4k for sale - 5k being renovated - 3k residents in hospital - 3k recently deceased - 1k new builds awaiting occupancy So it's probably half of the headline figures are really long term vacancy
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Posted By: MayoMark
Date Posted: 29 Jun 2022 at 11:36am
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Just in terms of the towns I mentioned above, property in town centres in need of renovation get huge interest and sell very easily. And a huge amount of the bigger town centre properties have been bought up by consortiums over the last number of years as investments etc and have just left the property to rot. I honestly think it's out of order. If there is a solid plan, fair enough. By 5, 10 years sitting idle isn't good enough. Especially when the properties are literally rotting in front of our eyes. @ Sausy, I don't think it's difficult to value these properties at all. Plenty of comparables available. ------------- They finally did it man... They killed my f**kin' car... |
Posted By: MayoMark
Date Posted: 29 Jun 2022 at 11:38am
Really interesting numbers and just shows these things are never black and white. ------------- They finally did it man... They killed my f**kin' car... |
Posted By: sausy
Date Posted: 29 Jun 2022 at 12:10pm
If there are multiple empty main street properties for sale in the same town not selling then it would be difficult to value. But getting into commercial property valuations is going off track a bit here. ------------- Bimbos Burgers - "Official Sponsor of the Irish Squad" |
Posted By: MayoMark
Date Posted: 29 Jun 2022 at 1:14pm
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In the towns I mentioned, town centre properties don't sit there if for sale, they sell pretty well! ------------- They finally did it man... They killed my f**kin' car... |
Posted By: Given's zimmerframe
Date Posted: 30 Jun 2022 at 7:55am
| In the rural town I live in many of the main street properties are empty and rotting, when one is put up for sale, it sells almost immediately, sometimes the first time I notice the for sale sign it already has sale agreed slapped on it. If you owned a main street property that was too expensive to get in order, why would you not sell it? |
Posted By: Shedite
Date Posted: 30 Jun 2022 at 8:50am
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Posted By: Given's zimmerframe
Date Posted: 30 Jun 2022 at 9:25am
Why did it take so long to sell? Did you all want to sell straight away after inheriting?
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Posted By: sausy
Date Posted: 30 Jun 2022 at 10:19am
Outside of probate I have dealt with the purchase of a few in work and everyone has been a disaster. Reconstruction of deeds, endless qualifications on title, rights of way/easements over what is always a massive rear garden etc. ------------- Bimbos Burgers - "Official Sponsor of the Irish Squad" |
Posted By: Shedite
Date Posted: 30 Jun 2022 at 10:46am
And yeah, all 5 cousins wanted out once we inherited it. Between legal and tax bills on it, house sold for 120, ended up with a bout 10k each,
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