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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
I have a house in Castlebar, Dublin and Brussels.  Try it sometime!


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Insert pathetic Baldrick post below


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
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
Originally posted by 9fingers 9fingers wrote:

Richard Bruton is worth over 6million, of which property is worth about half of his worth. 



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


Posted By: The Huntacha
Date Posted: 18 Jun 2022 at 9:27am
Possibly easier to ask how many TD's aren't landlords.

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Jimmy Bullard - "Favorite band? Elastic."


Posted By: McG
Date Posted: 18 Jun 2022 at 9:44am
Originally posted by 9fingers 9fingers wrote:

Richard Bruton is worth over 6million, of which property is worth about half of his worth. 


Born into it sure (like the rest). His aul boy was a huge beef farmer and made a killing in pet food AFAIK


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YBIG Table Quiz winner 2016 & 2017
AS YOU WERE McGx



Posted By: Shedite
Date Posted: 18 Jun 2022 at 7:59pm
Originally posted by Lenny82 Lenny82 wrote:

Almost sure Matt Cooper said on the radio that 1 in 4 Fine Gael TDs are landlords.
One in four TD's as a whole are landlords
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
Originally posted by McG McG wrote:

Originally posted by 9fingers 9fingers wrote:

Richard Bruton is worth over 6million, of which property is worth about half of his worth. 


Born into it sure (like the rest). His aul boy was a huge beef farmer and made a killing in pet food AFAIK


that was albert reynolds


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"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
Originally posted by Trap junior Trap junior wrote:

I have a house in Castlebar, Dublin and Brussels.  Try it sometime!
Haha! On a flat £100,000 a year


Posted By: Given's zimmerframe
Date Posted: 18 Jun 2022 at 10:44pm
Originally posted by Shedite Shedite wrote:

Originally posted by Lenny82 Lenny82 wrote:

Almost sure Matt Cooper said on the radio that 1 in 4 Fine Gael TDs are landlords.
One in four TD's as a whole are landlords
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

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?


Posted By: McG
Date Posted: 19 Jun 2022 at 8:32am
Originally posted by colemanY2K colemanY2K wrote:

Originally posted by McG McG wrote:

Originally posted by 9fingers 9fingers wrote:

Richard Bruton is worth over 6million, of which property is worth about half of his worth. 


Born into it sure (like the rest). His aul boy was a huge beef farmer and made a killing in pet food AFAIK


that was albert reynolds

Ah so it was but he was still a big beef farmer AFAIK


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YBIG Table Quiz winner 2016 & 2017
AS YOU WERE McGx



Posted By: Lenny82
Date Posted: 19 Jun 2022 at 9:34am
Originally posted by Given's zimmerframe Given's zimmerframe wrote:

Originally posted by Shedite Shedite wrote:

Originally posted by Lenny82 Lenny82 wrote:

Almost sure Matt Cooper said on the radio that 1 in 4 Fine Gael TDs are landlords.
One in four TD's as a whole are landlords
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

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?

https://twitter.com/samtranum/status/1525008560387723265?t=CbVVLuOkiwXR08NRBAuUog&s=08



Posted By: Shedite
Date Posted: 19 Jun 2022 at 5:41pm
Originally posted by Given's zimmerframe Given's zimmerframe wrote:

Originally posted by Shedite Shedite wrote:

Originally posted by Lenny82 Lenny82 wrote:

Almost sure Matt Cooper said on the radio that 1 in 4 Fine Gael TDs are landlords.
One in four TD's as a whole are landlords
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

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?
Yeah big problem alright, goverment have tried a few things to get people to renovate (regenerate ireland scheme) or sell these (property tax), but in a lot of cases they literally can't find who owns buildings.

Not sure how ya do it really, do ya force reclaim property after 5 years?


Posted By: Jackal
Date Posted: 19 Jun 2022 at 9:40pm
Originally posted by Shedite Shedite wrote:

Originally posted by Lenny82 Lenny82 wrote:

Almost sure Matt Cooper said on the radio that 1 in 4 Fine Gael TDs are landlords.
One in four TD's as a whole are landlords
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

All of Haughey's backhander money passed on. Great to see people still voting for the Haughey.


Posted By: Given's zimmerframe
Date Posted: 22 Jun 2022 at 9:19am

[/QUOTE]Yeah big problem alright, goverment have tried a few things to get people to renovate (regenerate ireland scheme) or sell these (property tax), but in a lot of cases they literally can't find who owns buildings.

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?


Posted By: sausy
Date Posted: 22 Jun 2022 at 9:35am
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.

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Bimbos Burgers - "Official Sponsor of the Irish Squad"


Posted By: Shedite
Date Posted: 22 Jun 2022 at 9:44am
Originally posted by sausy sausy wrote:

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.
That's not the disucssion. Nobodyy's objecting to TD's or anyone being landlords.

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.


Posted By: Given's zimmerframe
Date Posted: 22 Jun 2022 at 9:49am
Originally posted by Shedite Shedite wrote:

Originally posted by sausy sausy wrote:

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.
That's not the disucssion. Nobodyy's objecting to TD's or anyone being landlords.

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.

Exactly! Thank you


Posted By: Baldrick
Date Posted: 22 Jun 2022 at 10:04am
Originally posted by Shedite Shedite wrote:

Originally posted by sausy sausy wrote:

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.
That's not the disucssion. Nobodyy's objecting to TD's or anyone being landlords.

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.

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.  


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AKA pedantic kunt


Posted By: BrenC
Date Posted: 22 Jun 2022 at 1:28pm
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.  
 


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Team Emmet


Posted By: Given's zimmerframe
Date Posted: 22 Jun 2022 at 2:32pm
Originally posted by BrenC BrenC wrote:

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.  
 
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?


Posted By: colemanY2K
Date Posted: 22 Jun 2022 at 6:05pm
Originally posted by Given's zimmerframe Given's zimmerframe wrote:

Originally posted by BrenC BrenC wrote:

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.  
 
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?

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.


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"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
Originally posted by colemanY2K colemanY2K wrote:

Originally posted by Given's zimmerframe Given's zimmerframe wrote:

Originally posted by BrenC BrenC wrote:

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.  
 
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?

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.
Thanks for the information, what is CPO? What do they do when they find out who owns it?


Posted By: colemanY2K
Date Posted: 22 Jun 2022 at 6:38pm
Originally posted by Given's zimmerframe Given's zimmerframe wrote:

Originally posted by colemanY2K colemanY2K wrote:

Originally posted by Given's zimmerframe Given's zimmerframe wrote:

Originally posted by BrenC BrenC wrote:

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.  
 
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?

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.
Thanks for the information, what is CPO? What do they do when they find out who owns it?

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


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"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
Originally posted by Given's zimmerframe Given's zimmerframe wrote:

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?
 
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.


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Bimbos Burgers - "Official Sponsor of the Irish Squad"


Posted By: Given's zimmerframe
Date Posted: 23 Jun 2022 at 11:32am
Originally posted by sausy sausy wrote:

Originally posted by Given's zimmerframe Given's zimmerframe wrote:

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?
 
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.
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


Posted By: colemanY2K
Date Posted: 23 Jun 2022 at 12:03pm
Originally posted by Given's zimmerframe Given's zimmerframe wrote:

Originally posted by sausy sausy wrote:

Originally posted by Given's zimmerframe Given's zimmerframe wrote:

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?
 
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.
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

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.






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"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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With the news this week about the Census, we've got a crucial moment to ramp up the pressure on this government and council bosses. 

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NOTES: 

[1]  https://id.uplift.ie/clicks/link/3487/1e16a81f-0773-4b54-b897-fa78bf41f659?url=https%3A%2F%2Fwww.breakingnews.ie%2Fireland%2Fvacant-property-policy-a-blind-spot-as-166000-houses-lay-empty-1324527.html&member_guid=4faa7c5cd4de91762d974f523cebe0de107b76ac6b4b9b643831e0ee06b18c120a3dd5dca97fbbcafba9ef8db32398aaa17782007e7255f7007c1e972fb2a1a9&identity-signature=c306a66926805c39eadef92b1ec9872d1ac7e3bdc57c3392c0cc95e5fd4bbb83" rel="nofollow - Vacant property policy 'a blind spot' as 166,000 houses lay empty (breakingnews.ie)

[2]  https://id.uplift.ie/clicks/link/3487/1e16a81f-0773-4b54-b897-fa78bf41f659?url=https%3A%2F%2Fextra.ie%2F2022%2F06%2F24%2Fnews%2F10-of-houses-are-lying-vacant-rent&member_guid=4faa7c5cd4de91762d974f523cebe0de107b76ac6b4b9b643831e0ee06b18c120a3dd5dca97fbbcafba9ef8db32398aaa17782007e7255f7007c1e972fb2a1a9&identity-signature=c711467b992cc66fd691182ebc4e372c29840175daad0a494f568c7a85ca1130" rel="nofollow - 10% of houses lying vacant but only 800 available to rent

[3]  https://id.uplift.ie/clicks/link/3487/1e16a81f-0773-4b54-b897-fa78bf41f659?url=https%3A%2F%2Fwww.buzz.ie%2Fnews%2Firish-news%2Fmichael-d-higgins-housing-disaster-27231377&member_guid=4faa7c5cd4de91762d974f523cebe0de107b76ac6b4b9b643831e0ee06b18c120a3dd5dca97fbbcafba9ef8db32398aaa17782007e7255f7007c1e972fb2a1a9&identity-signature=48dc2df14241525ab5d7e6f97d9299591172d5e5c243e08253ad2c74ec405cf8" rel="nofollow - Michael D Higgins says housing is no longer a 'crisis' but a 'disaster' - Buzz.ie

[4]  https://id.uplift.ie/clicks/link/3487/1e16a81f-0773-4b54-b897-fa78bf41f659?url=https%3A%2F%2Fwww.independent.ie%2Firish-news%2Fpolitics%2Fvacant-home-tax-hits-more-delays-as-government-considers-analysing-electricity-usage-to-find-empty-properties-41780867.html&member_guid=4faa7c5cd4de91762d974f523cebe0de107b76ac6b4b9b643831e0ee06b18c120a3dd5dca97fbbcafba9ef8db32398aaa17782007e7255f7007c1e972fb2a1a9&identity-signature=e7e0bbe642d79d5f5bd27583f40fe75976483e3a43dcecd6bd5728674c55bdf5" rel="nofollow - Vacant home tax hits more delays as Government considers analysing electricity usage to find empty properties - Independent.ie   https://id.uplift.ie/clicks/link/3487/1e16a81f-0773-4b54-b897-fa78bf41f659?url=https%3A%2F%2Ftwitter.com%2Fjudesherry%2Fstatus%2F1525931967157571585&member_guid=4faa7c5cd4de91762d974f523cebe0de107b76ac6b4b9b643831e0ee06b18c120a3dd5dca97fbbcafba9ef8db32398aaa17782007e7255f7007c1e972fb2a1a9&identity-signature=fac0c29a47e91724b559ff47f1ab050c8b0645b432c7e1dcbe3124ffcec99b0b" rel="nofollow - Jude Sherry (Twitter): "They don't want a Vacant Homes Tax so they fail to count the full scale of #VacantIreland


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It would damage this forums' reputation


Posted By: MayoMark
Date Posted: 28 Jun 2022 at 8:54pm
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. 




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They finally did it man... They killed my f**kin' car...


Posted By: Artie Ziff
Date Posted: 28 Jun 2022 at 10:09pm
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 LOL




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It would damage this forums' reputation


Posted By: MayoMark
Date Posted: 28 Jun 2022 at 10:12pm
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.

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They finally did it man... They killed my f**kin' car...


Posted By: Given's zimmerframe
Date Posted: 28 Jun 2022 at 10:32pm
Originally posted by MayoMark MayoMark wrote:

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.

Yes many rural town centres have a wild west ghost town feel to them due to the amount of rotting empty properties


Posted By: sausy
Date Posted: 29 Jun 2022 at 10:37am
Originally posted by MayoMark MayoMark wrote:

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.
 
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.


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Bimbos Burgers - "Official Sponsor of the Irish Squad"


Posted By: Baldrick
Date Posted: 29 Jun 2022 at 10:53am
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.  


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AKA pedantic kunt


Posted By: Shedite
Date Posted: 29 Jun 2022 at 11:19am
Originally posted by MayoMark MayoMark wrote:

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. 


Yeah, I can't link to it here but there's a good economist @seamuscoffey that goes through the data well on Twitter. Have a look for his tweet 5 days ago that starts with the bar chart, you might have 5%of the housing stock in Roscommon Leitrim etc vacant but that's off a low base. Less than 1% vacant in Dublin, so the state average is about 2%.

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


Posted By: MayoMark
Date Posted: 29 Jun 2022 at 11:36am
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.

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They finally did it man... They killed my f**kin' car...


Posted By: MayoMark
Date Posted: 29 Jun 2022 at 11:38am
Originally posted by Shedite Shedite wrote:

Originally posted by MayoMark MayoMark wrote:

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. 


Yeah, I can't link to it here but there's a good economist @seamuscoffey that goes through the data well on Twitter. Have a look for his tweet 5 days ago that starts with the bar chart, you might have 5%of the housing stock in Roscommon Leitrim etc vacant but that's off a low base. Less than 1% vacant in Dublin, so the state average is about 2%.

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

Really interesting numbers and just shows these things are never black and white.


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They finally did it man... They killed my f**kin' car...


Posted By: sausy
Date Posted: 29 Jun 2022 at 12:10pm
Originally posted by MayoMark MayoMark wrote:

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.
 
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.


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Bimbos Burgers - "Official Sponsor of the Irish Squad"


Posted By: MayoMark
Date Posted: 29 Jun 2022 at 1:14pm
In the towns I mentioned, town centre properties don't sit there if for sale, they sell pretty well!

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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
Originally posted by Given's zimmerframe Given's zimmerframe wrote:

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?
I inherited one in West Clare, left by gran-aunts to all the cousins. The legal and paperwork required took us about 10 years to get off our hands. Most houses have folio details, title deeds etc, not our one that was built in the 1800's


Posted By: Given's zimmerframe
Date Posted: 30 Jun 2022 at 9:25am
Originally posted by Shedite Shedite wrote:

Originally posted by Given's zimmerframe Given's zimmerframe wrote:

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?
I inherited one in West Clare, left by gran-aunts to all the cousins. The legal and paperwork required took us about 10 years to get off our hands. Most houses have folio details, title deeds etc, not our one that was built in the 1800's

Why did it take so long to sell? Did you all want to sell straight away after inheriting?


Posted By: sausy
Date Posted: 30 Jun 2022 at 10:19am
Originally posted by Shedite Shedite wrote:

Originally posted by Given's zimmerframe Given's zimmerframe wrote:

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?
I inherited one in West Clare, left by gran-aunts to all the cousins. The legal and paperwork required took us about 10 years to get off our hands. Most houses have folio details, title deeds etc, not our one that was built in the 1800's
 
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.


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Bimbos Burgers - "Official Sponsor of the Irish Squad"


Posted By: Shedite
Date Posted: 30 Jun 2022 at 10:46am
Originally posted by Given's zimmerframe Given's zimmerframe wrote:

Originally posted by Shedite Shedite wrote:

Originally posted by Given's zimmerframe Given's zimmerframe wrote:

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?
I inherited one in West Clare, left by gran-aunts to all the cousins. The legal and paperwork required took us about 10 years to get off our hands. Most houses have folio details, title deeds etc, not our one that was built in the 1800's

Why did it take so long to sell? Did you all want to sell straight away after inheriting?
Mainly what Sauscy said, lots of legal issues to sort out, seemed to be never-ending.

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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