Landlordism 2.0

Started by seafoid, May 05, 2021, 08:47:32 AM

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Angelo

Quote from: armaghniac on May 06, 2021, 12:00:30 PM
Quote from: Angelo on May 06, 2021, 09:11:31 AM
One of the dumbest contributions I've ever read on this forum.

I suggest you look to your own posts for that. How is Castro today?

Quote from: Angelo on May 06, 2021, 09:11:31 AM
f those houses were instead being bought up first time buyers and the likes who are currently the people who are being squeezed in the rental market, are currently the people who are part of the reason the rental demand is so high, rental demand is then reduced.

What you have said is typical neo-liberal nonsense. The govt policies of enabling investors gobble up residential properties is the driver behind an insane rental market.

It is the same number of peopple and the same number of houses either way, whatever way you divide it.

It is. The difference being that first time buyers would then have their own home that they can own, that are not at the risk of vulture funds driving up rental prices and market prices and making having a roof over your head unaffordable.

And it's far better for the rental market that there is more people owning their own homes to live in than it would be with more people fighting it out on a frenzied rental markets where vulture funds are looking to make gains on their investment and are in turn dictating the rental market which prohibits renters from ever being able to build up the deposit required.

That is why your idiotic statement that these vulture funds are actually good for the rental market are beyond stupid.

Take a couple in Dublin say, combined annual wage of €90k.
Currently renting a house at €1,500 a month.
Maybe their take home pay is 65k after tax.
Perhaps they have children.
Perhaps they are both commuters.
Cars to run, tax, service.
Insurance, bills.

Where do they save a deposit for a house up there?

And forget about single people, forget about people on low income jobs. They're completely fucked.

With the rental market out there, buying a property and renting it out is a no brainer in terms of making money. This impacts negatively though on people who are genuinely looking to buy a home to live in, it impacts on those with a genuine need to housing and I think people with multiple properties should be taxed to the hilt insofar as it encourages them to sell off their additional properties.


GAA FUNDING CHEATS CHEAT US ALL

Orior

A number of years ago there was an expectation that we would be following the German model where nobody owns a house. With work being migratory, then then would be moving on a frequent basis therefore renting is a better option. Perhaps Covid and working from home had bucked that trend.
Cover me in chocolate and feed me to the lesbians

Angelo

Quote from: Orior on May 06, 2021, 12:30:15 PM
A number of years ago there was an expectation that we would be following the German model where nobody owns a house. With work being migratory, then then would be moving on a frequent basis therefore renting is a better option. Perhaps Covid and working from home had bucked that trend.

That sort of system will only really work when a huge amount of residential property is either owned by the state or the rental market is heavily restricted by the state.

Essentially when you turn basic human needs such as housing and health services over to the free market it's a recipe for disaster as corporate greed will come before provision of adequate needs and services.
GAA FUNDING CHEATS CHEAT US ALL

Louther

Quote from: Orior on May 06, 2021, 12:30:15 PM
A number of years ago there was an expectation that we would be following the German model where nobody owns a house. With work being migratory, then then would be moving on a frequent basis therefore renting is a better option. Perhaps Covid and working from home had bucked that trend.

Many Europeans don't fathom the absolute want to own their own homes in Ireland. They like the model of mobility, up scaling or  downsizing as circumstances change, long term rental etc. Particularly in large urban areas.

The housing sector is massively complex. We also in a position where cost to build is rising as we are a high labour cost society (partly due to the requirement to fund living costs like rent and ownership) and materials, land prices etc are only rising. There is an increasing middle ground that people won't be able to afford ownership due to costs and mortgage requirements.

Some parties pull pie in sky figures for house building but there is no short cuts.

You are right that Covid and changes to work practices might represent opportunities for moving away from urban centre of the big cities. Work remotely and travel couple days a week.

93-DY-SAM

Quote from: Louther on May 06, 2021, 12:37:53 PM
Quote from: Orior on May 06, 2021, 12:30:15 PM
A number of years ago there was an expectation that we would be following the German model where nobody owns a house. With work being migratory, then then would be moving on a frequent basis therefore renting is a better option. Perhaps Covid and working from home had bucked that trend.

Many Europeans don't fathom the absolute want to own their own homes in Ireland. They like the model of mobility, up scaling or  downsizing as circumstances change, long term rental etc. Particularly in large urban areas.

The housing sector is massively complex. We also in a position where cost to build is rising as we are a high labour cost society (partly due to the requirement to fund living costs like rent and ownership) and materials, land prices etc are only rising. There is an increasing middle ground that people won't be able to afford ownership due to costs and mortgage requirements.

Some parties pull pie in sky figures for house building but there is no short cuts.

You are right that Covid and changes to work practices might represent opportunities for moving away from urban centre of the big cities. Work remotely and travel couple days a week.

Building materials are in short supply at present and prices are increasing on a near-monthly basis, and I hear this morning the price of timber is nearly increasing on a weekly basis. The price of steel and concrete are crazy at present. And there doesn't seem to be any slow down. Labour prices are crazy as well. There is a massive shortage of tradespeople (good ones) and trying to get anyone to look at a smallish job is impossible. Lads would hardly get out of their beds for £150 quid a day cash in hand. In one way fair play, make hay when the sun shines but there is another bubble coming and construction is going to take a big hit.


macker15

Quote from: Angelo on May 05, 2021, 09:17:57 AM
Quote from: imtommygunn on May 05, 2021, 08:50:18 AM
I read some ridiculous stat on twitter yesterday about something like 903% or something of houses sold in the south in the last year(or last year can't remember which) were bought by private investors. It seems to be becoming very very hard to get on the property ladder. If it's as bad as reported the government surely need to step in?

This is government policy though. FFG's aim has always been to privatise everything, this is why they hawk off state resources and services to the private sector. They have consistently greased the wheels for property developers, vulture funds, landlords and wealthy billionaires. You look at how the likes of Denis O'Brien and Larry Goodman are able to consistently secure state contracts and build monopolies.

They have been happy to do this for decades but now things are coming to a head, a basket case health service and a homelessness crisis has emerged from decades of policies that have looked to benefit private interests. This is the reason why they are being filleted at the polls. That's why 3 parties who would have always taken >70% of the vote for the past 30 are now on around 45% and falling.

They then have the brass neck to question the economic competence of opposition parties (baselessly as bar Labour none of those parties have been in power down south) when their track record showed they ruined the economy and have caused crises across all public services.

It's a key reason why politics will change down south. The chickens have come home to roost for FFG and the younger generation are paying the price for their cronyism and corruption.

Excellent post sir.


seafoid

https://www.irishtimes.com/opinion/housing-gives-insight-into-ideological-compatibility-of-ff-and-fg-1.4557573?mode=amp

With the advent of self-government, Cumann na nGaedheal identified the housing problem as a priority but only 14,000 houses were built from public subsidy between 1922 and 1929. The following decade, Fianna Fáil tackled the issue more decisively: an average of 12,000 houses a year were built with state aid in the decade 1932-1942, with an obvious employment and social dividend as well as a political one for Fianna Fáil.

Fine Gael at different stages was also capable of confronting its responsibilities in relation to housing: in 1948 it called for an "immediate all-out drive to provide houses for the working and middle classes at reasonable rates" and, with the Labour Party, brought a new impetuous to social housing construction at that stage, as it did again from 1973-1977.
"f**k it, just score"- Donaghy   https://www.youtube.com/watch?v=IbxG2WwVRjU

Rudi

Kate O Connell not running in the by election, doesn't feel she has a chance of been the FG rep. I suppose thats happens when you isolate yourself by dissing your boss, dissing your party in public, making up stories, being a total un-regulated mouth-piece & bitch to your colleagues.
Maybe she can join the far left, people before profit crowd, but they smell to bad & probably don't own their own property. Nothing in common there. So who can confused Kate join?

johnnycool

Quote from: Rudi on May 07, 2021, 02:41:05 PM
Kate O Connell not running in the by election, doesn't feel she has a chance of been the FG rep. I suppose thats happens when you isolate yourself by dissing your boss, dissing your party in public, making up stories, being a total un-regulated mouth-piece & bitch to your colleagues.
Maybe she can join the far left, people before profit crowd, but they smell to bad & probably don't own their own property. Nothing in common there. So who can confused Kate join?

Bet you a lump of turf she was bullied out?

Rudi

Quote from: johnnycool on May 07, 2021, 03:22:51 PM
Quote from: Rudi on May 07, 2021, 02:41:05 PM
Kate O Connell not running in the by election, doesn't feel she has a chance of been the FG rep. I suppose thats happens when you isolate yourself by dissing your boss, dissing your party in public, making up stories, being a total un-regulated mouth-piece & bitch to your colleagues.
Maybe she can join the far left, people before profit crowd, but they smell to bad & probably don't own their own property. Nothing in common there. So who can confused Kate join?

Bet you a lump of turf she was bullied out?

Yeah, but she was no shrinking violet hereslf. Live by the sword die by the sword. In fairness the electrotate did speak last time out. Depriving her a seat at the Seanad smacks of grass roots "getting their own back"

shark

Quote from: Rudi on May 07, 2021, 03:45:11 PM
Quote from: johnnycool on May 07, 2021, 03:22:51 PM
Quote from: Rudi on May 07, 2021, 02:41:05 PM
Kate O Connell not running in the by election, doesn't feel she has a chance of been the FG rep. I suppose thats happens when you isolate yourself by dissing your boss, dissing your party in public, making up stories, being a total un-regulated mouth-piece & bitch to your colleagues.
Maybe she can join the far left, people before profit crowd, but they smell to bad & probably don't own their own property. Nothing in common there. So who can confused Kate join?

Bet you a lump of turf she was bullied out?

Yeah, but she was no shrinking violet hereslf. Live by the sword die by the sword. In fairness the electrotate did speak last time out. Depriving her a seat at the Seanad smacks of grass roots "getting their own back"

She took a gamble. Didn't just back Coveney in leadership race but went all in against Varadker. It was a strategic play to put her in a strong position against Murphy, who was Varadker's campaign manager so would have been set for a ministerial post if Varadker won. She had to know that FG keeping two seats was going to be a long shot.
She gambled. She lost.
I think she will be ok.



BennyCake

Thon boy hasn't done much digging in his time!