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On a side note if communists sinn féin get into government we can kiss good bye to private property, they will decide who lives who doesn't in your property, sad thing is the electorate will vote for them in their droves, the end of home ownership is near | |||
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"Great I can finally get rid of those hap free loaders from my apartment
On a side note if communists sinn féin get into government we can kiss good bye to private property, they will decide who lives who doesn't in your property, sad thing is the electorate will vote for them in their droves, the end of home ownership is near "Hark at McCarthy over here  | |||
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"Great I can finally get rid of those hap free loaders from my apartment
On a side note if communists sinn féin get into government we can kiss good bye to private property, they will decide who lives who doesn't in your property, sad thing is the electorate will vote for them in their droves, the end of home ownership is near "“If any of your fellow Israelites become poor and are unable to support themselves among you, help them as you would a foreigner and stranger, so they can continue to live among you. Do not take interest or any profit from them, but fear your God, so that they may continue to live among you.” Leviticus 25:35-36 | |||
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"Great I can finally get rid of those hap free loaders from my apartment
On a side note if communists sinn féin get into government we can kiss good bye to private property, they will decide who lives who doesn't in your property, sad thing is the electorate will vote for them in their droves, the end of home ownership is near
“If any of your fellow Israelites become poor and are unable to support themselves among you, help them as you would a foreigner and stranger, so they can continue to live among you. Do not take interest or any profit from them, but fear your God, so that they may continue to live among you.”
Leviticus 25:35-36
"Oh sweet everything thats holy..... you've been Burked. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property " no one is talking about this because its no good to SF if people discussed this side of it. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property no one is talking about this because its no good to SF if people discussed this side of it. " and how does it benefit ff or fg please explain | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property no one is talking about this because its no good to SF if people discussed this side of it. and how does it benefit ff or fg please explain " I don't know but I would love to know how SF plan to sort out the homeless problem when they get into government | |||
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"But explain why sf need to because presently the government can’t " because if people start discussing it SF will have no answers to it because it will go against their narrative that the landlords are the problem. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property " Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property no one is talking about this because its no good to SF if people discussed this side of it. and how does it benefit ff or fg please explain I don't know but I would love to know how SF plan to sort out the homeless problem when they get into government " Mary Lou was actually quite clear on this when I heard her talking on RTE radio. One measurement is to change the way we're building houses - first time ever I heard that from an Irish politician and the only way forward. We have to move away from traditionally build houses to modular houses. The latter is more resourceful, cheaper, better in quality and most of all faster. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property no one is talking about this because its no good to SF if people discussed this side of it. and how does it benefit ff or fg please explain I don't know but I would love to know how SF plan to sort out the homeless problem when they get into government Mary Lou was actually quite clear on this when I heard her talking on RTE radio. One measurement is to change the way we're building houses - first time ever I heard that from an Irish politician and the only way forward. We have to move away from traditionally build houses to modular houses. The latter is more resourceful, cheaper, better in quality and most of all faster. " It's so obvious yet apparently not so | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property no one is talking about this because its no good to SF if people discussed this side of it. " Nobody is talking about this since its not covered by the eviction ban. The eviction ban, for those who don't understand it, refers to "no fault evictions" ie where the tenant has done nothing wrong. Failure to pay rent has never been covered and nobody is suggesting it should be. The idea with the no fault eviction ban was to give the government some breathing space to find some more emergency housing so that people don't get evicted into homelessness. They failed to use this breathing space and now homeless numbers are higher than they were when they brought in the ban. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down." Again... Non payment of rent is not covered by this ban. Failure to pay rent leaves you open to eviction and always has. | |||
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"How do you fix it Either the government needs to start building 1000s of houses like they did back in the 60s and 70s but that does have its own problems , you can create ghettos, we all know these housing estates in all the big towns and cities in the country ,where there is anti social behaviour and lawlessness Or A huge change in the way you tax small landlords, I have no problem with tenants having good solid rights but you can't have situations where people can go months and years without paying rent and get away with it ,that is why Airbnb became so popular, people came in on a Friday left Sunday the money was in your bank and if they recked the place you had their credit card details. " In relation to the first part of that... We need to change our relationship with social housing. We need a much much greater supply of public housing that is let to not only the people at the bottom of the ladder, but also to people who would rather just rent housing instead of buying. The state/local authorities basically need to become a landlord. Obviously the people at the bottom of the ladder need to be housed to prevent them falling into homelessness but once that emergency situation is resolved, then we need to be much more ambitious and get away from the current boom/bust cycles that create so much inequality. | |||
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"Yesterday in Mayo A small housing estate of 12 houses with 8 sale agreed subject to contract All 8 couples got an email to say the estate was now going to one buyer and all sale agreed cancelled It's believed to be a company that has bought them to rent out " Doesn't surprise me. We have a situation in cherrywood they built an entire estate purely for rent, over 1000 builds. Absolutely disgusting | |||
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"Great I can finally get rid of those hap free loaders from my apartment
On a side note if communists sinn féin get into government we can kiss good bye to private property, they will decide who lives who doesn't in your property, sad thing is the electorate will vote for them in their droves, the end of home ownership is near " | |||
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"Great I can finally get rid of those hap free loaders from my apartment
On a side note if communists sinn féin get into government we can kiss good bye to private property, they will decide who lives who doesn't in your property, sad thing is the electorate will vote for them in their droves, the end of home ownership is near "How very Christian of you  | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down." Maybe its karma for excessively profiting of people's despair  | |||
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"The cruelty of Capitalism shines through in the free world. How ironic!" We reap what we sow | |||
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"The cruelty of Capitalism shines through in the free world. How ironic! We reap what we sow " Let's buy an electric car and all will be fine.  | |||
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"Yesterday in Mayo A small housing estate of 12 houses with 8 sale agreed subject to contract All 8 couples got an email to say the estate was now going to one buyer and all sale agreed cancelled It's believed to be a company that has bought them to rent out Doesn't surprise me. We have a situation in cherrywood they built an entire estate purely for rent, over 1000 builds. Absolutely disgusting " Capitalism again without a conscience how shocking
We externalize far too much on the governments and officials. And for centuries we have given out about them and never expected them to solve the problem would still always blame them. It's going to take people to help people. What we need are contractors with conscience who will not build a 1000 homes for rent knowing that it only profits for them, Instead we need Contractors who genuinely care about the country they're working and the people and the neighbors and the friends around them and who will build homes to sell to them knowing that they will make money just not as much as if they rented. We need the kind of people in Ireland who are OK with that because it's the right thing to do. F*** governments governments are capitalists. This is a social issue and it would take socially conscious people to address it. It's never going to be fixed by capitalists who view everything in a monetary value only. How much suffering are humans willing to turn a blind eye to so they're own life is better before they're realized it's not the right thing to do? A genuinely tink we are facing in to a decade where capitalism has its last chance to Work in the social interest of everybody, or face a global revolution driven by a disparate hungery and angry population. | |||
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"The cruelty of Capitalism shines through in the free world. How ironic!" But the government has been interfering in this for so long that capitalism has gone out the window | |||
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"The cruelty of Capitalism shines through in the free world. How ironic! But the government has been interfering in this for so long that capitalism has gone out the window " On the contrary the government has been consumed by capitalism and converted a long time ago . So much so I would argue governments across the globe don't even hide this fact anymore | |||
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"The cruelty of Capitalism shines through in the free world. How ironic! But the government has been interfering in this for so long that capitalism has gone out the window On the contrary the government has been consumed by capitalism and converted a long time ago . So much so I would argue governments across the globe don't even hide this fact anymore" True, and as long as we vote in the same crooks nothing will change. A more equal society can only be achieved when it's driven polically. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair "Hilarious. Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity."They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
"And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while , | |||
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"The cruelty of Capitalism shines through in the free world. How ironic! But the government has been interfering in this for so long that capitalism has gone out the window On the contrary the government has been consumed by capitalism and converted a long time ago . So much so I would argue governments across the globe don't even hide this fact anymore True, and as long as we vote in the same crooks nothing will change. A more equal society can only be achieved when it's driven polically. " They're all crooks so nothing would actually change, regardless of who you vote in. The system is flawed to the core. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,"I'm not sure what point you're making. €75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential. Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose. As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it. "For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation "Firstly... Mortgage payments, not rates. Payments on a normal mortgage reduce over time. Factor in inflation and by the end of a normal mortgage they are very much reduced. Secondly, yes, we need landlords but not ones who are trying to make a quick buck. Professional landlords factor in the value of the asset when accounting for profit. You are simply saying that you're only making €75 profit and ignoring the fact that you have someone buying you a large asset and giving you €75 per week on top of that. Thirdly... Do I have to say it again? I've already said it three times in this thread and I'm starting to wonder if you're deliberately misrepresenting what the temporary NO FAULT eviction ban meant. Bad tenants can be evicted at any time and have not been protected by the temporary NO FAULT eviction ban. As for what I think would alleviate the problem, well that's up above as well. Suffice it to say that it's not going to be fixed overnight. It's also not going to be fixed by the current method of letting the market sort it out. | |||
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"Modular homes is one solution in some cases it takes 8 weeks Why haven’t they been looked at " When the government brought in the temporary eviction ban, the housing minister said he'd have 500 modular homes ready to move into by the end of 2022. He then upped it to 700. None of them are ready yet.  | |||
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"Great I can finally get rid of those hap free loaders from my apartment
On a side note if communists sinn féin get into government we can kiss good bye to private property, they will decide who lives who doesn't in your property, sad thing is the electorate will vote for them in their droves, the end of home ownership is near "I have sympathy for accidental landlords, no sympathy for people who bought properties (mostly apartments with the huge tax break, buy to rent schemes), and thinking i'll use this as my retirement fund, multi property ownership as a cash source should not be seen as the way forward. The government's over the last 30plus years have ground social housing to a halt, with deals like I mentioned above and huge tax breaks for developers and hubge/vulture funds, while allowing the banks to right off the bad loans we the tax payer covered and transfered to nama. So banks making huge profits csn then right that off against the tax payer covered losses? A neighbour off mine was left two properties and gouged the tenants, over stretched himself buying 3 more, lost all 5 and still blamed the renters | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity."If we just take the point you're trying to make even though we all know more small landlords have more than one extra property those are making a profit. In your example that landlord is still having the mortgage on a second property being paid for them and if not in full being almost paid for them so they are Profiting in a way that most people can't | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity."Worth noting too that some people chose not to buy or build well outside of their means just because we were in a Celtic boom others chose to go the opposite direction that's a choice. With all the choices the consequences are of your own making | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,"This maths doesn't seem to include the value of the acid you have purchased to rent and how much that puts in your pocket when you sell it | |||
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"Modular homes is one solution in some cases it takes 8 weeks Why haven’t they been looked at When the government brought in the temporary eviction ban, the housing minister said he'd have 500 modular homes ready to move into by the end of 2022. He then upped it to 700. None of them are ready yet. "Well I suppose there in is the answer no developer involvement | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation "It's not 4 €75 a week it's for €75 on top of your mortgage being paid | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation It's not 4 €75 a week it's for €75 on top of your mortgage being paid"You need to go and tell him his calculations are wrong then since it was him came up with the €75 per week figure. | |||
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"Thirdly... Do I have to say it again? I've already said it three times in this thread and I'm starting to wonder if you're deliberately misrepresenting what the temporary NO FAULT eviction ban meant. Bad tenants can be evicted at any time and have not been protected by the temporary NO FAULT eviction ban." Eviction is only a written notice on a piece of paper, a tenant can choose to ignore it and can legally stay in a property for a year without paying any rent, nothing the rtb or guards can do about it, sad fact is the law is on the side of the tenant who outright refuses to pay rent | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation It's not 4 €75 a week it's for €75 on top of your mortgage being paid"Apologies, scrap my previous reply. I had misread what you wrote, and yes, that is the key point that he's missing. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation It's not 4 €75 a week it's for €75 on top of your mortgage being paid
You need to go and tell him his calculations are wrong then since it was him came up with the €75 per week figure.
"My coment was ment for him ... | |||
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"Thirdly... Do I have to say it again? I've already said it three times in this thread and I'm starting to wonder if you're deliberately misrepresenting what the temporary NO FAULT eviction ban meant. Bad tenants can be evicted at any time and have not been protected by the temporary NO FAULT eviction ban. Eviction is only a written notice on a piece of paper, a tenant can choose to ignore it and can legally stay in a property for a year without paying any rent, nothing the rtb or guards can do about it, sad fact is the law is on the side of the tenant who outright refuses to pay rent " You beating in all these free loaders with your Bible? | |||
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"Thirdly... Do I have to say it again? I've already said it three times in this thread and I'm starting to wonder if you're deliberately misrepresenting what the temporary NO FAULT eviction ban meant. Bad tenants can be evicted at any time and have not been protected by the temporary NO FAULT eviction ban. Eviction is only a written notice on a piece of paper, a tenant can choose to ignore it and can legally stay in a property for a year without paying any rent, nothing the rtb or guards can do about it, sad fact is the law is on the side of the tenant who outright refuses to pay rent " And that has zero relevance to the eviction ban we're talking about here. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation It's not 4 €75 a week it's for €75 on top of your mortgage being paid
You need to go and tell him his calculations are wrong then since it was him came up with the €75 per week figure.
My coment was ment for him ... "I know. I misread it at first and corrected the record subsequently.  | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation It's not 4 €75 a week it's for €75 on top of your mortgage being paid
You need to go and tell him his calculations are wrong then since it was him came up with the €75 per week figure.
"If his mortgage was paid off do you think he would want to rent his property for €75 a week? I'd want to be getting that for a day not a week | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation It's not 4 €75 a week it's for €75 on top of your mortgage being paid
You need to go and tell him his calculations are wrong then since it was him came up with the €75 per week figure.
My coment was ment for him ...
I know. I misread it at first and corrected the record subsequently.
"Sorry we were both replying  | |||
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"Thirdly... Do I have to say it again? I've already said it three times in this thread and I'm starting to wonder if you're deliberately misrepresenting what the temporary NO FAULT eviction ban meant. Bad tenants can be evicted at any time and have not been protected by the temporary NO FAULT eviction ban. Eviction is only a written notice on a piece of paper, a tenant can choose to ignore it and can legally stay in a property for a year without paying any rent, nothing the rtb or guards can do about it, sad fact is the law is on the side of the tenant who outright refuses to pay rent And that has zero relevance to the eviction ban we're talking about here. "Eviction ban means a landlord cannot evict a tenant if he/she is paying rent, Point im making is it doesn't matter if the ban is in place or not to some tenants who chose not to pay rent and nothing can be done about it | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation It's not 4 €75 a week it's for €75 on top of your mortgage being paid
You need to go and tell him his calculations are wrong then since it was him came up with the €75 per week figure.
If his mortgage was paid off do you think he would want to rent his property for €75 a week?
I'd want to be getting that for a day not a week "I presume that's a joke?
Do you mean that once his mortgage is paid that he'd reduce the rent so that he only gets €75? Why would he do that.
I'm not sure if you're confused or if you're deliberately trying to confuse others but those two things aren't the same. | |||
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"Thirdly... Do I have to say it again? I've already said it three times in this thread and I'm starting to wonder if you're deliberately misrepresenting what the temporary NO FAULT eviction ban meant. Bad tenants can be evicted at any time and have not been protected by the temporary NO FAULT eviction ban. Eviction is only a written notice on a piece of paper, a tenant can choose to ignore it and can legally stay in a property for a year without paying any rent, nothing the rtb or guards can do about it, sad fact is the law is on the side of the tenant who outright refuses to pay rent And that has zero relevance to the eviction ban we're talking about here.
Eviction ban means a landlord cannot evict a tenant if he/she is paying rent, Point im making is it doesn't matter if the ban is in place or not to some tenants who chose not to pay rent and nothing can be done about it "Start a thread about that then. That's not the same thing as this eviction ban that ends on April 1st. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation It's not 4 €75 a week it's for €75 on top of your mortgage being paid
You need to go and tell him his calculations are wrong then since it was him came up with the €75 per week figure.
If his mortgage was paid off do you think he would want to rent his property for €75 a week?
I'd want to be getting that for a day not a week
I presume that's a joke?
Do you mean that once his mortgage is paid that he'd reduce the rent so that he only gets €75? Why would he do that.
I'm not sure if you're confused or if you're deliberately trying to confuse others but those two things aren't the same same. "No joke if his mortgage was paid he wouldn't bother renting it out to grubby tenants who would only destroy the place, some people don't need money that badly and would sooner leave their property idle | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation
Firstly... Mortgage payments, not rates. Payments on a normal mortgage reduce over time. Factor in inflation and by the end of a normal mortgage they are very much reduced.
Secondly, yes, we need landlords but not ones who are trying to make a quick buck. Professional landlords factor in the value of the asset when accounting for profit. You are simply saying that you're only making €75 profit and ignoring the fact that you have someone buying you a large asset and giving you €75 per week on top of that.
Thirdly... Do I have to say it again? I've already said it three times in this thread and I'm starting to wonder if you're deliberately misrepresenting what the temporary NO FAULT eviction ban meant. Bad tenants can be evicted at any time and have not been protected by the temporary NO FAULT eviction ban.
As for what I think would alleviate the problem, well that's up above as well. Suffice it to say that it's not going to be fixed overnight. It's also not going to be fixed by the current method of letting the market sort it out. "McCarthy is spot on as usual. I've a friend he's renting out his bachelor flat. Keeps the rent at the lower end which in return keeps the tenant in and paying and reduces the amount of tax having to pay. It covers mortgage and management fee. He was several times close to selling because of the hassle that comes with it, but I advised him against it. By retirement age he'll have a mortgage free asset that pays him a pension per month when he keeps renting it out. | |||
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" If his mortgage was paid off do you think he would want to rent his property for €75 a week? I'd want to be getting that for a day not a week I presume that's a joke?
Do you mean that once his mortgage is paid that he'd reduce the rent so that he only gets €75? Why would he do that.
I'm not sure if you're confused or if you're deliberately trying to confuse others but those two things aren't the same same.
No joke if his mortgage was paid he wouldn't bother renting it out to grubby tenants who would only destroy the place, some people don't need money that badly and would sooner leave their property idle "Again, I have no idea what punt you're trying to make. He's perfectly entitled to leave it idle if he wants. There is nobody stopping him from doing that. There are currently 166,000 vacant houses with zero grubby tenants in the 26 counties.  | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property Exactly this The owner of the property has bought it. Has it rented out and the tenants failed to pay any rent thank god the bill was shot down. Maybe its karma for excessively profiting of people's despair
Hilarious.
Most single landlords are not making any profit. They are actually losing money. A huge amount are pre celtic tigers owners who got shafted and only just out of negative equity.
They may not be making a profit when you consider the rental as merely income. They are accumulating an asset over time though. If the rent covers even 50% of the mortgage, and over the course of a mortgage it's most likely to be substantially higher than that, they are then gaining an asset for 50% of its value.
And when you sell that asset you will pay another 33% in tax ,we have looked into buying a second property to rent over the past 6 months and when you do all the maths, we would make in this market of high rent €75 a week profit the government would be taking over €100 a week in taxes and the banks would be making on the mortgage, we would be taking all the risk and work and there just isn't enough reward, its ok saying you will have a property to sell at the end of it All but that is 25 years down the line, all you need is 1 bad tenant to sink the whole ship on you, now if the tax was dropped to 24 or 26% Italy be worth while ,
I'm not sure what point you're making.
€75 per week is €300 per month which is €3600 per annum. That plus the actual asset is a tidy sum over 25 years. Also, given that the mortgage payments will reduce over time and the rent will most likely go up, that's an even bigger differential.
Being a landlord is a gamble. It always has been due to our propensity for boom/bust cycles. Nobody should gamble money they can't afford to lose.
As regards bad tenants, that has nothing to do with this temporary eviction van as that situation isn't covered by it.
For €75 a week you would be better off doing overtime on a Saturday, why would you think mortgage rates would come down over the next 25 years they will go up and down but on average stay the same , the point you don't seem to be getting is ,if people want to rent properties you need landlords, if there is not enough of an incentive for people to invest then the house simple won't be built, the point I'm making about bad tenants is once they stop paying they should be out , even if they extend the ban it was only for 6 months that was never going to fix the problem, what in your opinion would help the situation It's not 4 €75 a week it's for €75 on top of your mortgage being paid
You need to go and tell him his calculations are wrong then since it was him came up with the €75 per week figure.
If his mortgage was paid off do you think he would want to rent his property for €75 a week?
I'd want to be getting that for a day not a week
I presume that's a joke?
Do you mean that once his mortgage is paid that he'd reduce the rent so that he only gets €75? Why would he do that.
I'm not sure if you're confused or if you're deliberately trying to confuse others but those two things aren't the same same.
No joke if his mortgage was paid he wouldn't bother renting it out to grubby tenants who would only destroy the place, some people don't need money that badly and would sooner leave their property idle "Its a second property for the purpose Of acquiring an asset and having renters pay for this asset, plus making 75 year week on top. | |||
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" If his mortgage was paid off do you think he would want to rent his property for €75 a week? I'd want to be getting that for a day not a week I presume that's a joke?
Do you mean that once his mortgage is paid that he'd reduce the rent so that he only gets €75? Why would he do that.
I'm not sure if you're confused or if you're deliberately trying to confuse others but those two things aren't the same same.
No joke if his mortgage was paid he wouldn't bother renting it out to grubby tenants who would only destroy the place, some people don't need money that badly and would sooner leave their property idle
Again, I have no idea what punt you're trying to make. He's perfectly entitled to leave it idle if he wants. There is nobody stopping him from doing that. There are currently 166,000 vacant houses with zero grubby tenants in the 26 counties. "Yes and landlords who chose to leave their property empty are made out to be evil monsters who are the creation of this housing crisis, this housing crisis is solely the government's fault, for years governments have sat on their hands and sleep walked into this by not building houses | |||
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" If his mortgage was paid off do you think he would want to rent his property for €75 a week? I'd want to be getting that for a day not a week I presume that's a joke?
Do you mean that once his mortgage is paid that he'd reduce the rent so that he only gets €75? Why would he do that.
I'm not sure if you're confused or if you're deliberately trying to confuse others but those two things aren't the same same.
No joke if his mortgage was paid he wouldn't bother renting it out to grubby tenants who would only destroy the place, some people don't need money that badly and would sooner leave their property idle
Again, I have no idea what punt you're trying to make. He's perfectly entitled to leave it idle if he wants. There is nobody stopping him from doing that. There are currently 166,000 vacant houses with zero grubby tenants in the 26 counties.
Yes and landlords who chose to leave their property empty are made out to be evil monsters who are the creation of this housing crisis, this housing crisis is solely the government's fault, for years governments have sat on their hands and sleep walked into this by not building houses"I have news for you. A person with an empty house isn't a landlord. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property " This is something we are hearing very little about. There have been people who have taken total advantage of the eviction ban and refused to pay rent for a very long time. If each case was dealt with in accordance to their situation we would have a very different outlook to this. Blame those who yet again sponge and take advantage of the system. They make everything harder on the honest decent people in this country who end up paying the price. | |||
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" If his mortgage was paid off do you think he would want to rent his property for €75 a week? I'd want to be getting that for a day not a week I presume that's a joke?
Do you mean that once his mortgage is paid that he'd reduce the rent so that he only gets €75? Why would he do that.
I'm not sure if you're confused or if you're deliberately trying to confuse others but those two things aren't the same same.
No joke if his mortgage was paid he wouldn't bother renting it out to grubby tenants who would only destroy the place, some people don't need money that badly and would sooner leave their property idle
Again, I have no idea what punt you're trying to make. He's perfectly entitled to leave it idle if he wants. There is nobody stopping him from doing that. There are currently 166,000 vacant houses with zero grubby tenants in the 26 counties.
Yes and landlords who chose to leave their property empty are made out to be evil monsters who are the creation of this housing crisis, this housing crisis is solely the government's fault, for years governments have sat on their hands and sleep walked into this by not building houses
I have news for you. A person with an empty house isn't a landlord. "It's a potential rental no need to be smart | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property This is something we are hearing very little about. There have been people who have taken total advantage of the eviction ban and refused to pay rent for a very long time. If each case was dealt with in accordance to their situation we would have a very different outlook to this. Blame those who yet again sponge and take advantage of the system. They make everything harder on the honest decent people in this country who end up paying the price. " The reason you're not hearing about it in relation to the eviction ban is because it's not true. The eviction ban doesn't apply in the case of non payment or any other problems with the tenant. It was simply a no fault eviction ban, only applicable in cases where everything with the tenancy was in order. | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property This is something we are hearing very little about. There have been people who have taken total advantage of the eviction ban and refused to pay rent for a very long time. If each case was dealt with in accordance to their situation we would have a very different outlook to this. Blame those who yet again sponge and take advantage of the system. They make everything harder on the honest decent people in this country who end up paying the price. The reason you're not hearing about it in relation to the eviction ban is because it's not true. The eviction ban doesn't apply in the case of non payment or any other problems with the tenant. It was simply a no fault eviction ban, only applicable in cases where everything with the tenancy was in order. " Are your fingers getting repetitive strain yet from typing the same thing, Michael? 
If so, there are remedies - rest, ice - repeat | |||
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"What about someone who invested in property rented it out hasn’t received rent in few months but still has to pay mortgage on the property This is something we are hearing very little about. There have been people who have taken total advantage of the eviction ban and refused to pay rent for a very long time. If each case was dealt with in accordance to their situation we would have a very different outlook to this. Blame those who yet again sponge and take advantage of the system. They make everything harder on the honest decent people in this country who end up paying the price. The reason you're not hearing about it in relation to the eviction ban is because it's not true. The eviction ban doesn't apply in the case of non payment or any other problems with the tenant. It was simply a no fault eviction ban, only applicable in cases where everything with the tenancy was in order. Are your fingers getting repetitive strain yet from typing the same thing, Michael?
If so, there are remedies - rest, ice - repeat "Yeah I think you need to start doing copy and paste every few messages micheal | |||
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"Unfortunately lots of people want your property taken from you and given to someone else, free of charge and leave you with the mortgage, property tax etc...... its basically looting.... SF don't care about your situation one bit..... lots of accidental landlords due to inheritance or marriage/partnership leading to double property ownership. Absolutely shocking. " Shocking indeed.
You've just made that up though. None of it is true. | |||
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"Unfortunately lots of people want your property taken from you and given to someone else, free of charge and leave you with the mortgage, property tax etc...... its basically looting.... SF don't care about your situation one bit..... lots of accidental landlords due to inheritance or marriage/partnership leading to double property ownership. Absolutely shocking. " Whats this given to someone else free of charge shite? | |||
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"Unfortunately lots of people want your property taken from you and given to someone else, free of charge and leave you with the mortgage, property tax etc...... its basically looting.... SF don't care about your situation one bit..... lots of accidental landlords due to inheritance or marriage/partnership leading to double property ownership. Absolutely shocking. Shocking indeed.
You've just made that up though. None of it is true. "This what communists sinn féin are proposing, compulsory purchase orders of property then to be given to who ever they want, this is no joke this is what they are planning if they get into government | |||
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"Unfortunately lots of people want your property taken from you and given to someone else, free of charge and leave you with the mortgage, property tax etc...... its basically looting.... SF don't care about your situation one bit..... lots of accidental landlords due to inheritance or marriage/partnership leading to double property ownership. Absolutely shocking. Shocking indeed.
You've just made that up though. None of it is true.
This what communists sinn féin are proposing, compulsory purchase orders of property then to be given to who ever they want, this is no joke this is what they are planning if they get into government "You do realise that isn't what the other poster said, don't you? Compulsory purchase has been on the legislative books for decades. Do you want to address what was actually said or do you just want to try and confuse things by stating something completely different and then try to claim it's somehow the same thing? As to what you said, SF have indeed mentioned the idea of considering CPOing long term vacant housing by local authorities. FG have talked about this as well and were considering either CPOs or vacant property taxes. Housing groups and social campaigners, as well as other political parties have also suggested it. | |||
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"Unfortunately lots of people want your property taken from you and given to someone else, free of charge and leave you with the mortgage, property tax etc...... its basically looting.... To those who want to sell ... Do you actually really fail to understand such obvious things or are you just stirring s*** SF don't care about your situation one bit..... lots of accidental landlords due to inheritance or marriage/partnership leading to double property ownership. Absolutely shocking. Shocking indeed.
You've just made that up though. None of it is true.
This what communists sinn féin are proposing, compulsory purchase orders of property then to be given to who ever they want, this is no joke this is what they are planning if they get into government " | |||
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"Unfortunately lots of people want your property taken from you and given to someone else, free of charge and leave you with the mortgage, property tax etc...... its basically looting.... SF don't care about your situation one bit..... lots of accidental landlords due to inheritance or marriage/partnership leading to double property ownership. Absolutely shocking. Shocking indeed.
You've just made that up though. None of it is true.
This what communists sinn féin are proposing, compulsory purchase orders of property then to be given to who ever they want, this is no joke this is what they are planning if they get into government "What is actually being suggested at the moment is that if a Landlord wants to evict tenants in order to sell the house, 1st buyer opportunity should be given to the local authority in order to rent the house back to the current occupants following purchase. You think this is bad ? | |||
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"Unfortunately lots of people want your property taken from you and given to someone else, free of charge and leave you with the mortgage, property tax etc...... its basically looting.... SF don't care about your situation one bit..... lots of accidental landlords due to inheritance or marriage/partnership leading to double property ownership. Absolutely shocking. Shocking indeed.
You've just made that up though. None of it is true.
This what communists sinn féin are proposing, compulsory purchase orders of property then to be given to who ever they want, this is no joke this is what they are planning if they get into government
What is actually being suggested at the moment is that if a Landlord wants to evict tenants in order to sell the house, 1st buyer opportunity should be given to the local authority in order to rent the house back to the current occupants following purchase. You think this is bad ? "If they are not in a position to buy the house themselves I think it’s a great option | |||
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"Unfortunately lots of people want your property taken from you and given to someone else, free of charge and leave you with the mortgage, property tax etc...... its basically looting.... SF don't care about your situation one bit..... lots of accidental landlords due to inheritance or marriage/partnership leading to double property ownership. Absolutely shocking. Shocking indeed.
You've just made that up though. None of it is true.
This what communists sinn féin are proposing, compulsory purchase orders of property then to be given to who ever they want, this is no joke this is what they are planning if they get into government
What is actually being suggested at the moment is that if a Landlord wants to evict tenants in order to sell the house, 1st buyer opportunity should be given to the local authority in order to rent the house back to the current occupants following purchase. You think this is bad ?
If they are not in a position to buy the house themselves I think it’s a great option "Sorry I should have said what's being proposed is that if the renters can't get a mortgage to buy the house and the councils should be given 1st offer.... Unfortunately I don't think it's going to be passed as I feel the reason behind thisvision ban removal being rushed it's because the council knows we are on the cost of a massive economical crash and they don't want to have to deal with the problem of renters who can't pay their rent because they've lost their jobs and landlords at the same time. I know that's a bit doomsday but I honestly think that's what's going on | |||
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"Unfortunately lots of people want your property taken from you and given to someone else, free of charge and leave you with the mortgage, property tax etc...... its basically looting.... SF don't care about your situation one bit..... lots of accidental landlords due to inheritance or marriage/partnership leading to double property ownership. Absolutely shocking. Shocking indeed.
You've just made that up though. None of it is true.
This what communists sinn féin are proposing, compulsory purchase orders of property then to be given to who ever they want, this is no joke this is what they are planning if they get into government
What is actually being suggested at the moment is that if a Landlord wants to evict tenants in order to sell the house, 1st buyer opportunity should be given to the local authority in order to rent the house back to the current occupants following purchase. You think this is bad ?
If they are not in a position to buy the house themselves I think it’s a great option
Sorry I should have said what's being proposed is that if the renters can't get a mortgage to buy the house and the councils should be given 1st offer.... Unfortunately I don't think it's going to be passed as I feel the reason behind thisvision ban removal being rushed it's because the council knows we are on the cost of a massive economical crash and they don't want to have to deal with the problem of renters who can't pay their rent because they've lost their jobs and landlords at the same time. I know that's a bit doomsday but I honestly think that's what's going on"Not council rather government | |||
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"The homeless is one thing but what about the landlord? Have they any say? It's their property so they should really be able to do what they like with it. They shouldn't be held ransom for the government's failures. Many suffered hugely already with the crash 15 years ago or so. They don't want to be caught again and have every right to sell if and when they want. " Noone should be allowed do whatever they want with property... this leads to slums and rent bubbles ... landlords are protected too ... they can evict tenants at fault ... they can still sell if they want ... they now even have a government willing to buy ... tbf landlords have it pretty good ! We are also in a housing crisis in a war in a global crash . For people to think we can carry on regardless of these situations as we always did isn't going to cut it , landlords included! In terms of the iviction being lifted in such a shifty manner . I think the government may have realized that they will not get this sorted before a crash and that will mean we are responsible for all the landlords and tenants who are fucked because of job losses. If they lift the eviction then when shit hits the fan they can say there not responsible for the job losses and landlords are responsible for the evictions ! I think we're seeing an exit strategy for the government from the situation. Again I hope I'm wrong . | |||
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"The homeless is one thing but what about the landlord? Have they any say? It's their property so they should really be able to do what they like with it. They shouldn't be held ransom for the government's failures. Many suffered hugely already with the crash 15 years ago or so. They don't want to be caught again and have every right to sell if and when they want. " Absolutely a landlord can do whatever they want with Their property within the confines of the law, don't let any idiot tell you different, people like that are just jealous because they own nothing | |||
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"One can cash in on a financial investment when and if they choose to do so. It's their investment, their money, their business. They should be able to do the very same with a house or any other property or any other asset. Not as if the government or banks will compensate you a year or two down the line for any losses. " | |||
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"One can cash in on a financial investment when and if they choose to do so. It's their investment, their money, their business. They should be able to do the very same with a house or any other property or any other asset. Not as if the government or banks will compensate you a year or two down the line for any losses. " You can ! | |||
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"The homeless is one thing but what about the landlord? Have they any say? It's their property so they should really be able to do what they like with it. They shouldn't be held ransom for the government's failures. Many suffered hugely already with the crash 15 years ago or so. They don't want to be caught again and have every right to sell if and when they want. Absolutely a landlord can do whatever they want with Their property within the confines of the law, don't let any idiot tell you different, people like that are just jealous because they own nothing " They can now that the ban has ended | |||
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"The rental market is completely screwed up and made worse by government supports. Massive industrial sized leasing companies owning thousands of properties that are being paid for with tax money. Cut government rent supports to all but the MOST needy and see what happens. These companies then have two choices, keep charging massive rent that goes unpaid or... Reduce the rents charged. It will never happen but might work. " Sorry could be mistaken but the government are actually inviting these companies to get involved in the Irish market | |||
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"The rental market is completely screwed up and made worse by government supports. Massive industrial sized leasing companies owning thousands of properties that are being paid for with tax money. Cut government rent supports to all but the MOST needy and see what happens. These companies then have two choices, keep charging massive rent that goes unpaid or... Reduce the rents charged. It will never happen but might work. " How's cutting supports for the most needy in a cost of living crisis going to help? By cutting these supports, you're lashing out at the poor, not at these corporate property owners!!! | |||
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"The rental market is completely screwed up and made worse by government supports. Massive industrial sized leasing companies owning thousands of properties that are being paid for with tax money. Cut government rent supports to all but the MOST needy and see what happens. These companies then have two choices, keep charging massive rent that goes unpaid or... Reduce the rents charged. It will never happen but might work. Sorry could be mistaken but the government are actually inviting these companies to get involved in the Irish market " Well FG did to the best of my knowledge | |||
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"The rental market is completely screwed up and made worse by government supports. Massive industrial sized leasing companies owning thousands of properties that are being paid for with tax money. Cut government rent supports to all but the MOST needy and see what happens. These companies then have two choices, keep charging massive rent that goes unpaid or... Reduce the rents charged. It will never happen but might work. How's cutting supports for the most needy in a cost of living crisis going to help? By cutting these supports, you're lashing out at the poor, not at these corporate property owners!!! "I think the point is gov supports are artificially supporting massive rents. Without them landlords have a choice, keep charging huge rates and end up with empty properties or reduce their rents. | |||
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"The rental market is completely screwed up and made worse by government supports. Massive industrial sized leasing companies owning thousands of properties that are being paid for with tax money. Cut government rent supports to all but the MOST needy and see what happens. These companies then have two choices, keep charging massive rent that goes unpaid or... Reduce the rents charged. It will never happen but might work. How's cutting supports for the most needy in a cost of living crisis going to help? By cutting these supports, you're lashing out at the poor, not at these corporate property owners!!!
I think the point is gov supports are artificially supporting massive rents. Without them landlords have a choice, keep charging huge rates and end up with empty properties or reduce their rents.
"Rent problems are all across Europe it’s just not in this country and no it’s not because of the amount of people coming in We actually need these people too come in and keep our economy going and fill the jobs that we can’t well that’s my opinion | |||
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"There's hundreds of empty apartments in Dublin that companies are unable to rent out due to the rent that they are trying to charge The companies are worth a multiple of the average rent So its worth their while to keep them empty rather than reduce the average rent per block They need to keep their values high to pay a lower rate on their borrowings " As there is houses in cork there’s more boarded up than anything else and I’m not talking about for a few weeks | |||
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"There's hundreds of empty apartments in Dublin that companies are unable to rent out due to the rent that they are trying to charge The companies are worth a multiple of the average rent So its worth their while to keep them empty rather than reduce the average rent per block They need to keep their values high to pay a lower rate on their borrowings As there is houses in cork there’s more boarded up than anything else and I’m not talking about for a few weeks " And they are City council | |||
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"The Republic of Ireland's housing policies lack any semblance of coherence in terms of the demand for social housing especially in urban areas, the total housing stock available especially at entry level and the taxation regime and regulatory framework for small landlords." Banana Republic nothing makes sense | |||
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"How do you fix it Either the government needs to start building 1000s of houses like they did back in the 60s and 70s but that does have its own problems , you can create ghettos, we all know these housing estates in all the big towns and cities in the country ,where there is anti social behaviour and lawlessness Or A huge change in the way you tax small landlords, I have no problem with tenants having good solid rights but you can't have situations where people can go months and years without paying rent and get away with it ,that is why Airbnb became so popular, people came in on a Friday left Sunday the money was in your bank and if they recked the place you had their credit card details. " Exactly | |||
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"I got my notice a few weeks before before the eviction ban was in place. In 6 weeks my time I will have to leave this house after living here for nearly 9 years with no place nailed down. Never missed a month's rent and keep this house a lovely home. I have applied to over 200 adds of places within my price range but its impossible to complete with the amount of people who also need accommodation. The price of accommodation is going up so high with no sign of it stopping. Alot of hard working people are/will be having many a sleepless night with the stress of finding a safe place to live. I don't blame owners selling up either BTW. " My heart goes out to you guys and everyone in a similar situation. Good luck with your search.  | |||
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"You de have to ask if they were to extend the eviction ban for another 6 to a yr would thing be any different ? No it wouldn’t Can’t blame the small landlord s exiting the market - screwed by tax. Gas you can take in lodgers rent a room and that income is tax free up to €14000 But a small landlord has to pay tax on any income Prices on house s are high so sell can in and again pay tax. If you could sell and make a few quid and stick that off your own mortgage why not " Greed fuels the desire to squeeze every Penny out of a rental property weather small or large landlord , not necessities! | |||
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"I got my notice a few weeks before before the eviction ban was in place. In 6 weeks my time I will have to leave this house after living here for nearly 9 years with no place nailed down. Never missed a month's rent and keep this house a lovely home. I have applied to over 200 adds of places within my price range but its impossible to complete with the amount of people who also need accommodation. The price of accommodation is going up so high with no sign of it stopping. Alot of hard working people are/will be having many a sleepless night with the stress of finding a safe place to live. I don't blame owners selling up either BTW. " The problem is many arnt evicting to sell ! | |||
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"If you're an accidental landlord of course youre going to sell now at what many people think is the top of the market and before there's probably an SF led government You might have bought just before the last crash and the property is now worth more than you paid but you still have a huge tax bill when its sold If you offer it to the local council then you have to get them to match the highest price you're offered on the open market but then you could be screwing a first time buyer out of the market Its a lot more complicated than landlord bad .....tennent good " Yes it is ... however isn't not more complicated than inappropriate greed vrs all time hights of inequality! It isn't ok to want to make the most profit possible at any cost to society... especially not in our current climate | |||
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"I really feel for honest decent tenants now being forced out from properties that are their homes; as Peter McVerry has stated: there is a tsunami of misery coming down the tracks. " I do, too. I feel for all those who have been served with a notice, with nowhere to go. I also know so many people choosing to leave Ireland, as they have had enough. I feel both sad and angry every time I think of our housing and healthcare systems. So much of what has come to pass was avoidable. | |||
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