Pull Up A Crying Chair

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Environment Minister Alan Kelly

….Mr [Alan Kelly] Kelly is being guided by a report commissioned by his predecessor Jan O’Sullivan, which presented a series of proposals to reform the rental market.

The report – by DKM Economic Consultants – warned against the introduction of full-scale rent controls as it could lead to tens of thousands of rented properties leaving the system.

However, it recommends the introduction of special rent certainty leases, which could have a set term of at least five years.

The report suggests a series of incentives for landlords who enter agreement with tenants, including capital gains tax relief once their property is sold.

Now landlords to get tax relief to keep rents down (Niall O’Connor, Independent.ie)

(Sam Boal/Photocall Ireland)

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40 thoughts on “Pull Up A Crying Chair

      1. thefatlad

        Not when it’s optional. Also, how would this benefit renters in apartment blocks where the property is less likely to be sold.

    1. Sinabhfuil

      @f-mong, may I direct you to the 8th Earl of Arran, who successfully brought in the British law decriminalising sex between consenting adult men, but failed in his bid to make badger-hunting illegal. Asked why he thought this was, he said “Not many badgers in the House of Lords, eh, what, what?”
      The equivalent is true of our legislature; you won’t find many of them shivering in bedsits, but there just might be a few landlords sitting in the Dáil and Seanad.

      1. Sidewinder

        There’s shitloads – check the Dail register of interest. Shatter has eight properties in Dublin. Don’t know if they’re all residential but still…

  1. ahjayzis

    “The report – by DKM Economic Consultants – warned against the introduction of full-scale rent controls as it could lead to tens of thousands of rented properties leaving the system.”

    A valuable warning. Do we really want to envision a day when the ferries to Britain are chocka-block with semi-detached houses on their way to a freer society?

    1. Starina

      just what i was thinking…like where are they gonna go?! Either sit empty (yeah, right) or off-the-books, which will be easy to report. load of sh*te.

      1. ahjayzis

        They’ll be sold, and probably kept by the new owners as a buy-to-let. Probably at a loss to the current owners, but TBH the government isn’t elected to protect solely the landowners.

        If we were lucky they’d be bought up by professional companies that rent property to people, meaning savings due to economy of scale to the owners and a more professional landlord sector.

        But the absolute taboo of going anywhere near private property rights in this country will prohibit any real change, unless, as is the case, that change involves more public money in private landowner pockets.

        1. Kieran NYC

          I suggested that professional renters were better than the ‘part-time, chance your arm’ landlords Ireland tends to have a few months ago, and one of the Annes bit my head off.

          Good luck!

          1. Anne

            Ah you’re being a bit melodramatic there now Kieran NYC.. nothing wrong with a little heated debate.. Besides, I’m the nicer Anne since the new year. The other one can call herself the less nicer one :)

            I just don’t think large wealthy investors are the way to go to ease the costs of renting.

            In the U.S. in places like Miami, where thousands of properties lay idle, the homeless numbers are staggering.

            Did you have a read? –
            http://www.irishtimes.com/opinion/housing-crisis-why-nama-should-be-asked-to-do-more-to-alleviate-the-shortage-1.2017674

            Capitalism has run amok ma dear.. housing policies in my opinion need to be aimed at benefiting regular people, not investors.

  2. JimmytheHead

    Over the 10 or so years i was renting maybe 1 in 5 landlords were doing it legally. Basing this on them not accepting rent allowance and expecting cash payments with no receipt being given.

    Kellys approach to politics = thats the way it is so deal with it

    1. Dubloony

      Any assistance landlords get from tax breaks to incentives to take on rent supplement tenants should be conditional on them being fully tax compliant. Its not ok that other tax payers are enriching these guys for them to fiddle the system themselves.

    2. Lorcan

      Unfortunately, not accepting rent allowance is perfectly legal. There are nine grounds of discrimination, and poverty (or wealth) isn’t one of them.

  3. Clampers Outside!

    “it could lead to tens of thousands of rented properties leaving the system”

    And….. so the landlords who cannot afford to run a rental home leave the market, OK, and the market is fecked for a while, OK, but isn’t that better than letting it get further out of control. The market to any onlooker obviously needs a big shake up. We cannot avoid all pain in change ffs and that’s what Kelly is trying to do, the fool. The no balls, stick-a-plaster on it fool.

    Fupp the fuppin’ landlords that cannot run a tight shop. Squeeze them out, the property will be picked up by someone that can afford to run it…. or better, it may be bought by an ex-renter.

    Kelly is more and more everyday looking like a complete muppet, just another politician by numbers doing the same ol’ sh*te as the last guy…. how much do we even pay his advisor for Jebus’ sake?!

    Just GTFO Alan, you’re a fool.

    1. Jay

      Well the properties will either go for sale, cooling the sales market, or they will in fact be rented. You’d need to be monumentally stood to just leave a bunch of properties vacant.

  4. scottser

    you could sort this ‘housing crisis’ out tomorrow if you had some balls, kelly. what are they going to do with the 10,000 houses? sell them? great, cos first-time buyers need the supply. otherwise you should introduce compulsory purchase order on all rented properties in arrears. give them over to voluntary housing agencies and eliminate the amateur landlord class. that and landlords should have a professional qualification and a state appointed regulator.

    grrrrrrrrrrr

  5. JC

    Does it need to be said that most TDs have their hands so steeped in the property market that they cant possibly make an honest unbiased decision on this matter.

    More Incentives to the cream of the crop.

    The land of snakes and ladders.

    1. scottser

      joan owns a dirty big block of apartments in finglas, all under contract to DCC. she paid half a mill in tax on it last year so her income would have been about the same. granted she’s tax compliant, but TDs shouldn’t be allowed to have a vested interest like this.

      god it boils my p1ss!!!!!!

      1. Joe the Lion

        The commonly accepted average core body temperature (taken internally) is 37.0 °C (98.6 °F).

        Rectal and vaginal measurements, or measurements taken directly inside the body cavity, are typically slightly higher than oral measurements, and oral measurements are somewhat higher than skin temperature

        Your piss should be at or near to boiling point already without the need for political/ state intervention.

        1. scottser

          :) thanks joe, though i fear you’re mixing up faranheit and celsius. my p1ss boils at 212F or 10 minutes reading what passes for legislation these days.

          1. Joe the Lion

            That’s right so I am, oh dear. Well at least your piss is pre-heated though not a level sufficient to withstand Legionnaires in case you were thinking of drinking it. Boil away.

  6. Sidewinder

    “Leaving the system” – wtf does that mean? Will they be burned to a hollow shell or what?

    Oh, what? Sold at a reasonable price you say? The horror!!!!

  7. tomkildare

    The only way to fix housing is to fix supply. New building regulations impeding building with lots of extra costs. Also could reduce tax on new homes as 40% of new build prices are taxes and levies. Prices need to increase more in dublin to meet build costs. And rents still need to increase a little bit more to attract new landlords into the business of buying property to rent it out at a profit (as they are not social welfare)

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