Landlordism 2.0

[thewobbler]

Was diving yesterday and tuned into Newstalk about this.

The number of messages sent in along the lines of "I'm a landlord and now I can't pay the mortgage, won't someone think of me?", was laughable.

If your financial planning  involves shafting others from enjoying the basic human right of affordable shelter, well then f**k you. You deserve the hardest of times. And then some.

Do all landlords shaft people? Has to be a balance. f**k the scroungers looking to live for free.

Every property that's purchased with the sole intention of financial gain, contributes to making housing less affordable. Every last one.

That governments across the world have facilitated greedy, callous c***ts, and revolting financial institutions in making money from an utterly skill-less and morally repugnant pursuit, is the greatest scandal in the history of capitalism and will ultimately be its downfall.

——

Imagine water distribution could be controlled in such a way that a small group of people got extraordinarily wealthy from it, a sizeable chunk of society profited from it, and price gouging meant half of society had to work 20-30 hours a week just to get enough to stay alive. But... quit work and the government gives you it for more or less free.

Does that sound like a scandal?

It does. Of course it does.

Shelter is also a basic human need.

But nowadays it's also a f**king commodity.

——

I don't want to live in America. f**k America and its American ways.

[WhoDat]

Was diving yesterday and tuned into Newstalk about this.

The number of messages sent in along the lines of "I'm a landlord and now I can't pay the mortgage, won't someone think of me?", was laughable.

If your financial planning  involves shafting others from enjoying the basic human right of affordable shelter, well then f**k you. You deserve the hardest of times. And then some.

Do all landlords shaft people? Has to be a balance. f**k the scroungers looking to live for free.

are landlords who take half of people's salaries (and in some cases more) not scroungers looking to live for free? they're literally living off other people's hard earned money and then whinging that they're being "demonised".

[Look-Up!]

A lot of rhetoric going on here. There has to be a rental market and landlords provide that service. There also needs to be social housing for people who fall into hard times, but that is the responsibility of the government, period. Private individuals cannot be expected to carry the can where government have failed. If a private landlord needs to get out of the market for whatever reason, they have to be allowed.

Too many politicians trying to score points on this issue and playing to the mob to sound good, not caring one bit if it makes things worse. And in fact a lot of the meddling they cheer-leaded has done just that. First they spouted that getting landlords out and more private home ownership would leave us all in utopia. Now it's force landlords to stay in. Talking out of both sides of their mouths!

Fact of the matter is it doesn't matter one bit to homelessness whether houses are rented or privately owned if the number of housing units stays the same. In fact the rental market makes more efficient use of space and has higher occupancy i.e less homelessness. So landlords are very much needed in a healthy housing market. But there needs to be a dramatic increase in supply also of all different types of accommodation. And that also means smaller units and co-living developments for those that are happy to stay foot loose and fancy free. Unfortunately can't see the situation improve any time soon though. Pricks in government/opposition far rather go on a crusade and win some votes rather than risk making hard decisions and putting their heads above the parapet. 

[From the Bunker]

A lot of rhetoric going on here. There has to be a rental market and landlords provide that service. There also needs to be social housing for people who fall into hard times, but that is the responsibility of the government, period. Private individuals cannot be expected to carry the can where government have failed. If a private landlord needs to get out of the market for whatever reason, they have to be allowed.

Too many politicians trying to score points on this issue and playing to the mob to sound good, not caring one bit if it makes things worse. And in fact a lot of the meddling they cheer-leaded has done just that. First they spouted that getting landlords out and more private home ownership would leave us all in utopia. Now it's force landlords to stay in. Talking out of both sides of their mouths!

Fact of the matter is it doesn't matter one bit to homelessness whether houses are rented or privately owned if the number of housing units stays the same. In fact the rental market makes more efficient use of space and has higher occupancy i.e less homelessness. So landlords are very much needed in a healthy housing market. But there needs to be a dramatic increase in supply also of all different types of accommodation. And that also means smaller units and co-living developments for those that are happy to stay foot loose and fancy free. Unfortunately can't see the situation improve any time soon though. Pricks in government/opposition far rather go on a crusade and win some votes rather than risk making hard decisions and putting their heads above the parapet.

Good post

[seafoid]

A lot of rhetoric going on here. There has to be a rental market and landlords provide that service. There also needs to be social housing for people who fall into hard times, but that is the responsibility of the government, period. Private individuals cannot be expected to carry the can where government have failed. If a private landlord needs to get out of the market for whatever reason, they have to be allowed.

Too many politicians trying to score points on this issue and playing to the mob to sound good, not caring one bit if it makes things worse. And in fact a lot of the meddling they cheer-leaded has done just that. First they spouted that getting landlords out and more private home ownership would leave us all in utopia. Now it's force landlords to stay in. Talking out of both sides of their mouths!

Fact of the matter is it doesn't matter one bit to homelessness whether houses are rented or privately owned if the number of housing units stays the same. In fact the rental market makes more efficient use of space and has higher occupancy i.e less homelessness. So landlords are very much needed in a healthy housing market. But there needs to be a dramatic increase in supply also of all different types of accommodation. And that also means smaller units and co-living developments for those that are happy to stay foot loose and fancy free. Unfortunately can't see the situation improve any time soon though. Pricks in government/opposition far rather go on a crusade and win some votes rather than risk making hard decisions and putting their heads above the parapet.

a lot of traditional small private landlords have left the market due to structural changes.

[Rossfan]

Good post indeed.
There aren't enough of houses for the increased population.
"We" aren't building enough new ones, whether private, affordable, subsidised or social.
How many people can afford the prices being asked for new private  houses in Greater Dublin, Cork, Limerick, Galway?
In Sligo, Leitrim, Roscommon, Longford and Westneath there are 6 or 7 housing developments. At least we natives have a good chance of building once off rural houses but no hope for remote workers etc  hoping to move to the region.
For 30 years successive Governments let the private landlord sector solve the social housing situation through HAP etc.
Private renting was traditionally a temporary thing for young people who didn't want to stay with mammy or daddy or were working away from home.

PS The Political parties now shouting the loudest have been objecting to housing developments jumping in every nimby populist platform.

PPS- our 2 main Christian Churches must have hundreds of unused or underused buildings all over the Country.
How about following their founder's instructions by e.g leasing those buildings free to the State for say 10 or 20 years?

[seafoid]

 https://www.irishtimes.com/culture/tv-radio/2023/03/10/im-breaking-morning-irelands-emotional-interview-gets-to-the-heart-of-housing-crisis/

Marian Finnegan of Sherry FitzGerald estate agents says there's no evidence of landlords leaving the market because of the eviction ban; rather, small owners have been selling up for a decade due to burdensome taxes and regulations. Moreover, she suggests that the Government squandered the opportunity presented by the moratorium to halt the "exodus" of such landlords: "Literally nothing was done until the last minute of the last month."

[seafoid]

Good post indeed.
There aren't enough of houses for the increased population.
"We" aren't building enough new ones, whether private, affordable, subsidised or social.
How many people can afford the prices being asked for new private  houses in Greater Dublin, Cork, Limerick, Galway?
In Sligo, Leitrim, Roscommon, Longford and Westneath there are 6 or 7 housing developments. At least we natives have a good chance of building once off rural houses but no hope for remote workers etc  hoping to move to the region.
For 30 years successive Governments let the private landlord sector solve the social housing situation through HAP etc.
Private renting was traditionally a temporary thing for young people who didn't want to stay with mammy ir daddy ir were working away from home.

PS The Political parties now shouting the loudest gave been objecting to housing developments jumping in every nimby populist platform.

PPS- our 2 main Christian Churches must have hundreds of unused or underused buildings all over the Country.
How about following their founder's instructions by e.g leasing those buildings free to the State for say 10 or 20 years?

Social housing is effectively banned by the rules of neoliberalism. If you drive through Connacht you can see social housing that was built in the 1930s but none that was built in the last 30 years when there was a lot more money. the Central Banks created another asset bubble after the collapse of 2009 so house prices are again out of reach of a lot of citizens. It's a mess.

[seafoid]

https://www.irishtimes.com/culture/tv-radio/2023/03/10/im-breaking-morning-irelands-emotional-interview-gets-to-the-heart-of-housing-crisis/

Kenny executes an effective one-two when he follows this with housing analyst Lorcan Sirr's methodical dissection of Government housing policy. Sirr quickly identifies the nub of the matter. "The core of the problem is the use of the private rental sector for social housing," he says, adding there are 60,000 such households. As for the Government's aim of restoring confidence with private landlords, Sirr points out that sector's rent is taxed as income, and large funds pay "almost zero" tax on rents.

[Look-Up!]

https://www.irishtimes.com/culture/tv-radio/2023/03/10/im-breaking-morning-irelands-emotional-interview-gets-to-the-heart-of-housing-crisis/

Marian Finnegan of Sherry FitzGerald estate agents says there's no evidence of landlords leaving the market because of the eviction ban; rather, small owners have been selling up for a decade due to burdensome taxes and regulations. Moreover, she suggests that the Government squandered the opportunity presented by the moratorium to halt the "exodus" of such landlords: "Literally nothing was done until the last minute of the last month."

It's a complex issue but the eviction ban is a huge deal. It's potentially catastrophic to a small landlord say with 2 mortgages (one family home , one rental) who needs the rent to service them. Cannot blame them if they sell up first chance they get for some control and peace of mind. Temporary landlords too would be crazy to enter the rental market. Say you moved abroad for a year or two for work. Renting out your house now a huge risk and could leave you homeless when you come home.

[armaghniac]

It's a complex issue but the eviction ban is a huge deal. It's potentially catastrophic to a small landlord say with 2 mortgages (one family home , one rental) who needs the rent to service them. Cannot blame them if they sell up first chance they get for some control and peace of mind. Temporary landlords too would be crazy to enter the rental market. Say you moved abroad for a year or two for work. Renting out your house now a huge risk and could leave you homeless when you come home.

There is considerable publicity about the small number of properties available, but this partly reflects that people make private arrangements and never advertise the property. If you did go away for a year you might have someone in your house, but you'd never advertise it.

[Mike Tyson]

https://www.irishtimes.com/culture/tv-radio/2023/03/10/im-breaking-morning-irelands-emotional-interview-gets-to-the-heart-of-housing-crisis/

Marian Finnegan of Sherry FitzGerald estate agents says there's no evidence of landlords leaving the market because of the eviction ban; rather, small owners have been selling up for a decade due to burdensome taxes and regulations. Moreover, she suggests that the Government squandered the opportunity presented by the moratorium to halt the "exodus" of such landlords: "Literally nothing was done until the last minute of the last month."

It's a complex issue but the eviction ban is a huge deal. It's potentially catastrophic to a small landlord say with 2 mortgages (one family home , one rental) who needs the rent to service them. Cannot blame them if they sell up first chance they get for some control and peace of mind. Temporary landlords too would be crazy to enter the rental market. Say you moved abroad for a year or two for work. Renting out your house now a huge risk and could leave you homeless when you come home.

If they can't afford to service the mortgage on the rental without tenants, shouldn't have taken on the mortgage in the first place.

[Look-Up!]

It's a complex issue but the eviction ban is a huge deal. It's potentially catastrophic to a small landlord say with 2 mortgages (one family home , one rental) who needs the rent to service them. Cannot blame them if they sell up first chance they get for some control and peace of mind. Temporary landlords too would be crazy to enter the rental market. Say you moved abroad for a year or two for work. Renting out your house now a huge risk and could leave you homeless when you come home.

There is considerable publicity about the small number of properties available, but this partly reflects that people make private arrangements and never advertise the property. If you did go away for a year you might have someone in your house, but you'd never advertise it.

I look on boards.ie now and again when I'm bored. Think I read a thread on their accommodation section on this exact same scenario last year. The couple were just home, their "mates" weren't such great mates after all. In their defence I seem to remember they couldn't find alternative arrangements and didn't want to be homeless so long and short, there was a big fall out, renting couple stayed put and their former homeowner friends were homeless and living on another mates couch.

[Look-Up!]

https://www.irishtimes.com/culture/tv-radio/2023/03/10/im-breaking-morning-irelands-emotional-interview-gets-to-the-heart-of-housing-crisis/

Marian Finnegan of Sherry FitzGerald estate agents says there's no evidence of landlords leaving the market because of the eviction ban; rather, small owners have been selling up for a decade due to burdensome taxes and regulations. Moreover, she suggests that the Government squandered the opportunity presented by the moratorium to halt the "exodus" of such landlords: "Literally nothing was done until the last minute of the last month."

It's a complex issue but the eviction ban is a huge deal. It's potentially catastrophic to a small landlord say with 2 mortgages (one family home , one rental) who needs the rent to service them. Cannot blame them if they sell up first chance they get for some control and peace of mind. Temporary landlords too would be crazy to enter the rental market. Say you moved abroad for a year or two for work. Renting out your house now a huge risk and could leave you homeless when you come home.

If they can't afford to service the mortgage on the rental without tenants, shouldn't have taken on the mortgage in the first place.

Hence as I said, why they're now leaving in their droves. The goal posts have been moved.

[Look-Up!]

And the notion of having tenants and not collecting rent. That's just a ridiculous scenario to be advocating.