26 County General Election 2020

[Snapchap]

Just to repeat this:

Bertie Ahern stood up in the Dáil and said that Paul Quinn's murder "was not paramilitary but pertained to feuds about criminality that were taking place".

He later doubled down on this claim by stating "Anything that I said - and I didn't say too much - was based on our security intelligence. So up until the last time I checked, the security intelligence hasn't changed, but I have no wish to make life harder for the Quinn family and I certainly don't want to do that. But I haven't had any change in the intelligence reports. So any comments I made were just made on what the intelligence I was given".

Things of interest:
1. That was the exact same claim as was made by Conor Murphy, for which he is now being asked to resign and publicly apologise for.
2. Bertie later publically retracted his claim but did not actually make an apology, nor was there a demand for one.

[five points]

You never answer this question: Who would own the rental properties then? For students and young people to live in?

I've answered the young people one for you before - but you've conveniently "forgot" it.

If the rental cost is greater than the mortgage cost - then the rationale thing for anyone to do is buy the house.

Of course, that requires a deposit. No chance of a early 20s man or woman having any kind of deposit put together when they are getting absolutely hammered on rental prices.


Students is a different ball game. They are obviously transient and won't want to buy.   It wouldn't be beyond the wit of man to have different rental regulations and laws if the renters in a house are enrolled in a nearby university for a full-time course over that year.

You answered me alright but your answers made no sense. They still make no sense.

There's no chance of a early 20s man or woman having any kind of deposit put together - even if they're not paying rent.

There are far more transient dwellers out there than students.

If you have different rental regulations and laws for student tenancies, then landlords will let to students rather than working couples or families.

[five points]

Just to repeat this:

Bertie Ahern stood up in the Dáil and said that Paul Quinn's murder "was not paramilitary but pertained to feuds about criminality that were taking place".
...
Things of interest:
1. That was the exact same claim as was made by Conor Murphy, for which he is now being asked to resign and publicly apologise for.
2. Bertie later publically retracted his claim but did not actually make an apology, nor was there a demand for one.

1. Ahern was an IRA apologist.
2. He's not standing for election.
3. He's not fit to stand for election.
4. If he did stand, he'd be laughed out of it.

[Angelo]

There has been changes in the north over the last number of years with regards to how much of your rental income can be offset against the finance (Mortgage) which has made buy to let much less appealing. In the South can you still offset the full mortgage against the rental income? Surely some changes along those lines will have an impact?   

That was tried in 2009, when only 75% of the mortgage interest was allowed against tax. It backfired as it scared off new investors. A few years later we had a housing shortage which through neglect has morphed into a full blown disaster.

Scared off investors? The rental market continues to spiral out of control. Vulture funds and investors continue to hover up property and profit from that rental market.

Yes, it has scared off investors and the result is a cartel where a small number of conglomerates are hoovering up properties and putting themselves into a position where they can control the market. These groups lobbied for rent controls and hoodwinked idiot "housing charities" to support them.

The problem is that investors are interested in properties as a commodity and to generate wealth from those. there should be legislation that prohibits residential property being acquired by people who aren't going to occupy that residence but that doesn't suit the wealthy and the landlords as they can cream the current rental crisis.

Who would own the rental properties then? For students and young people to live in?

The problem is simply lack of supply

The problem is an out of control rental market that is pricing people out of a decent standard of life, people cannot afford to buy with the rental market prohibiting them from saving up a deposit.

The state should be investing more heavily in state owned houses.

FF decimated the state's housing supply when they were in power.

The reason it's out of control is because supply is way below demand

The reason its out of control is that wealthy individuals and vulture funds are the only ones with the capital to buy properties.

But who owns the property has no impact on the market rent for that property. When demand outstrips supply, rents rise

It impacts rents when there are no controls and regulation on it. When residential properties are in the hands of private investors then that is when the rental market can fly out of control as it has done.

[five points]

It impacts rents when there are no controls and regulation on it. When residential properties are in the hands of private investors then that is when the rental market can fly out of control as it has done.

What do you propose, confiscations?

What do you think that would do for supply? Remember the State can't afford to spend €250,000 a unit building new units. It can't even afford to maintain its own dilapidated units

[Snapchap]

Just to repeat this:

Bertie Ahern stood up in the Dáil and said that Paul Quinn's murder "was not paramilitary but pertained to feuds about criminality that were taking place".
...
Things of interest:
1. That was the exact same claim as was made by Conor Murphy, for which he is now being asked to resign and publicly apologise for.
2. Bertie later publically retracted his claim but did not actually make an apology, nor was there a demand for one.

1. Ahern was an IRA apologist.
2. He's not standing for election.
3. He's not fit to stand for election.
4. If he did stand, he'd be laughed out of it.

1. He made these remarks as Taoiseach.
2. If Paul Quinn's death isn't being cynically used for election purposes, you'll of course accept that whether or not Bertie was standing for an election is totally irrelevant to the question of whether he owed a public apology to the Quinns in the way Conor Muprhy is being asked to?
3. Bertie was an IRA apologist?? I've heard it all now.

[macdanger2]

The reason it's out of control is because supply is way below demand

The reason its out of control is that wealthy individuals and vulture funds are the only ones with the capital to buy properties.

But who owns the property has no impact on the market rent for that property. When demand outstrips supply, rents rise

It impacts rents when there are no controls and regulation on it. When residential properties are in the hands of private investors then that is when the rental market can fly out of control as it has done.

The ownership of a property doesn't impact the rent that can be charged for it, it's a relatively simple supply/demand relationship.

The bit in bold has always been the case in this country but we've only had a rental crisis in the last 5-6 years.

[five points]

1. He made these remarks as Taoiseach.

And? His reputation as Taoiseach lies in ruins.

2. If Paul Quinn's death isn't being cynically used for election purposes, you'll of course accept that whether or not Bertie was standing for an election is totally irrelevant to the question of whether he owed a public apology to the Quinns in the way Conor Muprhy is being asked to?

Bertie also owes the Quinns an apology. But because he's discredited and not running for office, nobody really cares about that, which is a pity. I'd love to see him squirm again.

3. Bertie was an IRA apologist?? I've heard it all now.

He was. His "peacemaker" patter depended on it.

[seafoid]

It impacts rents when there are no controls and regulation on it. When residential properties are in the hands of private investors then that is when the rental market can fly out of control as it has done.

What do you propose, confiscations?

What do you think that would do for supply? Remember the State can't afford to spend €250,000 a unit building new units. It can't even afford to maintain its own dilapidated units

Higher interest rates destroy all asset bubbles

[Angelo]

The reason it's out of control is because supply is way below demand

The reason its out of control is that wealthy individuals and vulture funds are the only ones with the capital to buy properties.

But who owns the property has no impact on the market rent for that property. When demand outstrips supply, rents rise

It impacts rents when there are no controls and regulation on it. When residential properties are in the hands of private investors then that is when the rental market can fly out of control as it has done.

The ownership of a property doesn't impact the rent that can be charged for it, it's a relatively simple supply/demand relationship.

The bit in bold has always been the case in this country but we've only had a rental crisis in the last 5-6 years.

Of course it impacts it.

We're in a rental crisis and the private landlords are hiking up rental prices and forcing people onto the breadline, because they can. There needs to be legislation prohibiting people from owning multiple properties and at the very least rigidly capping what can be charged?

What are the landlords going to do otherwise, let it sit there and gather dust? The ownership of property needs to be focused away from private investors.

[five points]

Higher interest rates destroy all asset bubbles

We haven't controlled our own interest rates for 20 years.

[Angelo]

It impacts rents when there are no controls and regulation on it. When residential properties are in the hands of private investors then that is when the rental market can fly out of control as it has done.

What do you propose, confiscations?

What do you think that would do for supply? Remember the State can't afford to spend €250,000 a unit building new units. It can't even afford to maintain its own dilapidated units

CPOs, penalties and high taxes on landlords who own more than one residential property.

The state can afford to put €400m in the pockets of private landlords a year. Whatever the state put in social housing is capital investment into assets that generate a future revenue stream, whatever they put into the pockets of private landlords is lost to the state.

€400m a year builds a lot of social houses alone.

[five points]

It impacts rents when there are no controls and regulation on it. When residential properties are in the hands of private investors then that is when the rental market can fly out of control as it has done.

What do you propose, confiscations?

What do you think that would do for supply? Remember the State can't afford to spend €250,000 a unit building new units. It can't even afford to maintain its own dilapidated units

CPOs, penalties and high taxes on landlords who own more than one residential property.

The state can afford to put €400m in the pockets of private landlords a year. Whatever the state put in social housing is capital investment into assets that generate a future revenue stream, whatever they put into the pockets of private landlords is lost to the state.

€400m a year builds a lot of social houses alone.

€400m a year would build 1,600 social houses each year. We need 25 times that number.

And the net return on capital investment in social housing approximates to zero.

[weareros]

It impacts rents when there are no controls and regulation on it. When residential properties are in the hands of private investors then that is when the rental market can fly out of control as it has done.

Think you are conflating two separate issues here. Yes, we can complain that NAMA were naive in letting REITs get these properties for a song and not getting the appropriate return on investment for the taxpayer... although the original sin was Irish banks and Irish property developers who are the actual guilty parties in contributing to the bailout debt, and then NAMA for not recouping as much as possible. Investment companies always swoop in to buy low, turn a profit, whether that is a company in distress or a property. That happens the world over. But it doesn't really matter who owns them. Landlords are not in the business of charity and will charge the highest rent they can get. The problem is we don't have enough rental units for Dublin where most of the job opportunities are... and as I've said, that will only be solved by allowing high rises, and allocating a certain percentage for lower means tested lower income. And to get more development, we need to become real estate developer friendly. These are the creators, not the politicians, or the pundits, or those students complaining about the evils of landlords. There are some great developers. None better than my fellow county man, Sean Mulryan, who not only builds great developments all around the globe, but gives back to the local community.

[seafoid]

Higher interest rates destroy all asset bubbles

We haven't controlled our own interest rates for 20 years.

They will go up after the next mega crash . It's mechanical in the eurozone.
Houses are overvalued again.