The 51% Rent Rise

at

harold'scross

Yes.

And it’s all perfectly legal.

Ciaran writes:

I usually do not moan or vent my personal circumstances but after what has happened to me yesterday I am so angry I just had to let people know.

I was informed just before Christmas that my apartment block was being sold, which is fine and it clearly stated on the for-sale-sign that the tenants would not be affected!!
My girlfriend and I have been tenants in the building just shy of 4 years, we are currently paying €925 which at the time we moved in (in Harold’s Cross) was the going rate.

Now we know that this is pretty good for the area and below market value and we were expecting a rent increase which is perfectly fair and within the new landlords rights.

The market value for a 1 bed in Harold’s cross is about €1050-€1100 presently and we are by PRTB rules allowed first refusal on the apartment.

Yesterday we were informed that the rent is going up to €1400!!! Yes that is an increase of 51% and is downright scandalous for a 1 bed, we have pleaded with the landlord who will not listen to us. Now I have heard of rents going up across the whole country and people finding it hard but this is beyond a joke, I really wanted to shine some light on this as how can landlords keep getting away with this?

The underlining matter here is that how in god’s name are a professional couple supposed to save for a mortgage when we are being asked to cough up €1400 a month, not including that the cost of our cars, bills etc.. on top of this.

We are a hard working professional couple and seems like one hurdle after another, every time you think you have something else crossed off another obstacle blocks your way – we are paying taxes in this country so why are we being punished for trying to live here?

This is a serious issue that is not only affecting us but also nearly every one of my friends are in the same boat. The market is well overpriced and nobody can afford to save for a mortgage, now as I stated at the start that I do not usually vent my issues but this is a serious matter and needs to be put to bed asap.

Previously: Pull Up A Crying Chair

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125 thoughts on “The 51% Rent Rise

  1. andyourpointiswhatexactly

    Holy sh*tb*lls!
    I hate reading things like this as our lease is up for review and our rent is cheaper than it should be for the area (Dublin 14). Our landlady could easily put it up by a few hunnerd snots and it would still be below asking prices that I’ve checked on Daft. If it went up by 51%, it would be nearly 2 grand a month and we’d have to move.
    I feel your pain, but to be honest all you can do is move or suck it up.

    1. Sam

      “I hate reading things like this as our lease is up for review and our rent is cheaper than it should be for the area (Dublin 14)”

      Cheaper than it should be? Or did you really mean could be?

      ‘Cos if you think you should pay more, you’re really buying into the myth of the market.

  2. Sam

    “Market Value” – i.e. how much we can be panicked into paying out of fear that someone else is even more desperate.

    €1,400 for a 1 bed flat? That’s unbridled greed.

    1. Disasta

      The bro is paying 1300 in the Gasworks for a 1 bed.
      I pay 650 for a 3 bed because I don’t live in Dublin.

        1. Drogg

          I am from drogheda and you are not missing much. Its a small town with a small town mentality, if you lived there for six months you would be running back to Dublin for some culture.

          1. Dee O'Sullivan

            seems like a nice enough place, at least the people have manners unlike a lot in Dublin. If I did move there, I would only be there for the cheap rent and I would be travelling to Dublin for most things.
            I hear you about the small mindedness and curiosity aspect of smaller towns though yes.

          2. Drogg

            I commuted for a while when i first started working in dublin and it was no seat on the train up or home and it was between 1 to 2 hours commuting to work everyday it was just taking up to much of my life but in saying that i have friends who bought houses in cavan and monaghan and commute to dublin everyday for work so supposes drogheda isn’t to far.

          3. andyourpointiswhatexactly

            Is it Drogheda or Dundalk where a battered sausage is known as a “widow’s memory”?

          4. Drogg

            Must be dundalk but i wouldn’t know anything about them Drogheda and Dundalk people don’t associate with each other.

        2. Disasta

          All my friends and family live in Dublin.
          Just jobs I wanted were not.
          Its far from an easy option.
          But its easier on the pocket.
          50% easier.

  3. Ciaran

    The landlord cannot raise the rent to 1400 if the going rate in the area is 1100. He should refuse the increase and take a case with the PRTB. It is not ‘perfectly legal’ it is illegal under the Residential Tenancies Act 2004.

    1. ahyeah

      Yep. Has to be fair market rate, can’t increase beyond that. Refuse to pay the increased rent but continue to pay your current rent every month – and don’t be late with it. And don’t give any grounds on which landlord could claim you’re in breach of lease. It’ll be a very low priority case for the very stretched PRTB – could be 18 months before it gets near them. And they’ll find in your favour. New landlord will know all this though and will approach you with a compromise soon enough. Pay the market rate, nothing else.

      1. wellbutjust...

        One problem is that ‘market rate’ is not an established figure, but based on what a theoretical tenant would be willing to pay in the current market conditions. PRTB figures for an area are averages, and are therefore not all that useful as specific guidelines.

        My own experience in this: a 70% rent hike last year – from €1000 to €1700, for a fairly standard two-bedroom apartment in the IFSC. Location, location, location etc… so, we moved. Looked into taking a case with the PRTB, but ultimately decided against it – in our case, it was simply easier to move! Plenty of people for whom that isn’t an easy option though…

        1. AH HEYOR

          I don;t buy this.

          It is easier to stay.

          Tell the landlord you are going to PRTB and sit back and wait.

    2. AH HEYOR

      THIS IS THE ANSWER.

      Tell the landlord to shove it, you are going to the PRTB.

      It will take at least six months to come before them, and when it does the max they might raise is 5%.

      Stick it to the f##kers full gun blazing, it’s the only language they understand.

        1. Brick Tamlin

          How so?

          In terms of lost investment people who decide to rent know they will not own at the end of any lease. There is minimal deposit required for rental property when compared with mortgages and the same goes for any renovation and repair costs.

        1. Paolo

          Seriously? All housing should be socialised? That’s called communism. I am a socialist but I recognise the need for people to have property of their own (if they want it).

  4. Spaghetti Hoop

    Sounds like the landlord is chancing his/her arm there. The recent rent hikes may have escaped them and the €1400 tag is future-proofing.

  5. JimmytheHead

    Thats insane, another little back scratcher for wealthy property owners / landlords and the middle to lower classes get pushed out onto the street. Time to move back in with the folks and save for a mortgage lads! Screw landlords, bunch of lazy selfish b*stards

  6. fluffybiscuits

    Being hunting myself. Went to see a place in Drimnagh last week, €850 a month

    -Wardrobe doors hanging off
    -Holes in wall
    -Needed paint job
    -Kitchen units worn out
    -Hadnt been swept properlly
    -Chewing gum mashed into the floor

    Needless to say it was a kip. Hunting for a few more affordable places.

    1. newsjustin

      It baffles me why a landlord, with any self-respect or the decency his/her mother and father, presumably, tried to teach them, would try to rent a dirty run-down flat.

      Fine, don’t make any investment in new stuff, don’t even repaint, but FFS at least make sure it’s reasonably clean.

      Most people would be mortified to show someone a dirty place they were trying to rent to them. Not all, unfortunetly.

    2. Sam

      Wow, that’s more than I recently paid for a well kept semi-detached 4 bed house with front and back gardens (not in Dublin) – no excuse for not keeping the place in decent shape if they expect that kind of money from a tenant.

      Am (hopefully) about to move into a very nice 2 bed house here in Poland for the equivalent of €250 /month which includes the cost of the central heating…

      It may be a bit of a shock to me when I eventually move back to Ireland…

  7. Seanban

    Market rent is what the landlord is entitled to seek under the 2004 Act. They need to provide a number of comparable rentals and there is a process. 2010 was a hundred years ago in terms of property, 51% is about 10% increase per year.

    PRTB data lags the market and is skewed because because of the impact of rent allowance reporting on recorded lettings. Stop paying if you want and play the PRTB first to blink game, lots do.

    If its a decent place, I would have said c. €1300-€1350 per month, if the property is being sold as an investment it will be based on its future cashflows so maximise the rent, if even on a short term basis and this will be reflected in the capital values.

  8. Eoin

    That’s harsh, but that’s what seems to be happening across the board in Dublin 6. Everyone is raising their rates as they can get people to fill them. I’m seeing 1-bed apartments for about 1200-1400 per month in Rathmines and Ranelagh. It’s like the recession never happened (except for when it comes to wages, which strangely aren’t being raised by 51%)

    1. Bingo

      Just got a letter from my landlord today informing me of a 20% increase….
      My cold, damp, dingy flat isn’t worth the €700 I’m already paying.

      1. Dee O'Sullivan

        There are standards in terms of damp-free accommodation as far as I’m aware, you should look into that. You’d be surprised how fast they would forget the rental raise when they have to actually invest some money into the property !

  9. Monahan Mangan

    Without wishing to rub anyone’s nose in it, I live in a large city in the UK (not London). My mortgage is 650 euro (£500 sterling) for a large two bedroom flat, with decent sized rooms, including a separate kitchen and sitting room. I bought less than two years ago with an average deposit (15%).

    I occasionally fantasise about returning home to Dublin, but when I read these kind of stories, I realize it’s never going to happen. I’m now in my 40s and spend 20 years, paying outrageous rents for appalling accommodation in Dublin. I know people still living there who pay 1000 euro for entire flats half the size of my sitting room. I miss home, but I value my mental health far too much to ever return to that.

    1. talkshowhostess

      Ohhh, I am in exactly the same boat, in my 30’s, living in Scotland, renting, but paying £350 pm all in, and if I could get the deposit together, I could get a two bed flat in a decent area for about £120K or less if I went for somewhere less salubrious.. or I could move to Galway, back home proper, but I work in media and I dont speak Irish so TG4 is out… but then I sometimes think I am suffering from ‘Greener Grass’ syndrome (I just made that up), haveing a lovely group of friends here, and the highlands on my ‘doorstep’, and home is 40mins on the plane, maybe I am not missing much?? Ugghh who knows! That rent is ridiculous though!!

      1. Monahan Mangan

        Yep – Scotland, too: Edinburgh.

        118 for a spacious city centre flat. Completely affordable, a decent space, 10 minutes’ walk from the city centre.

        Meaningless, of course, in Dublin terms – if one were to sell up and go home with the deposit back (and hopefully a few grand in the bargain), that money would be blown in a year on ridiculous rents, and a person would be right back at Square One again, and living like some peasant who is supposed be eternally grateful to the landlord who has had the “decency” not raise the rent every six months.

        1. Banotti

          Yes but wages are so much higher in Dublin just like London….oh wait. No the wages are fairly mediocre and your quality of life is piss poor.

          1. Monahan Mangan

            Yes, and your chance as a returned emigree of getting a job is perhaps possible, if you can somehow cut through the unofficial employment “policies” in Ireland, which are basically illegal in every other EU country.

            But your chance of getting a mortgage is statistically impossible.

            So you’re just as f*pped as anyone who has stayed at home and rightly complained for the last 20 years about their inability to live anywhere half-decent.

            Dublin is doomed for you, unless you are lucky enough/skilled enough to earn more than 60K a year. If reaching that is potentially feasible in whatever field you have chosen in the next few years, stick it out by all means. If it’s not going to happen for you (it was never going to for me), get out now before the city makes you ill.

      2. bk

        £350 all in . You are on to a winner.

        Scotland a wonderful country.

        However home is 40 min away by plane?

        That skews your argument. Door to door anywhere in UK from ireland is c 6hours plus?

        Or maybe i am slow !

  10. philip

    A friend lived in a small apartment in Rathmines (near the Tesco) from 2013- 2014 with average rent being €470-€480 a month. She left and did the whole Oz thing for a year and now she’s is back in ireland.
    Looked at the same apartment there last week in the same block, with the same bad and the same tiny shower……€590…..

  11. Dee O'Sullivan

    Try being a 30 something year old with no partner to share rent and bills! You’re talking about 800-1100€ for one person plus bills unless you want to share with a load of students or live in a bedsit.
    Greed.
    Rent controls are needed but of course they were not on the governments agenda last year.

  12. Kevin Barrington

    I’ll have a place by the Black Church in Broadstone to rent next month. A newly renovated old Victorian Butcher shop.
    You will, however, have me above you.
    But you no doubt have survived worse disasters in yr day.

  13. Buzz

    How depressing. I read stuff like this and sadly, the only advice that comes to mind is: emigrate. This place is f*pped, too many vested interests. Housing is not a luxury. Take it to the PRTB.

  14. Fe Dlowered

    “I usually do not moan or vent my personal circumstances”. You should have stuck by what you “usually” don’t do and saved us from your bleeding heart story. Just what Broadsheet needs, another “somebody should do something about this” waffle.

    1. Dee O'Sullivan

      You’re right. None of us should highlight anything anywhere, just sit with our hands over our eyes and cotton wool in our eyes and be a smart smug not-actually-funny-at-all-b*st*rd and do absolutely nothing to help anyone or any situation in the world… ever. Marry me!

      1. Fe Dlowered

        That’s quite a leap to make from a simple post. But unsurprisingly it’s as devoid of answers or even suggestions as the author of the article.

        I’m off now to write an article about terrible bankers, bondholders and developers are. I’ll add in a paragraph about how corrupt our politicians are. Maybe I’ll throw in a photo of a receipt for an 8 Euro pint or a 5 Euro Espresso. Then maybe, just maybe, a classy bird like you will fall for me.

    2. Joe the Lion

      Are you a wretched nasty piece of s**t 24 hours a day and twice on weekends or just when you are feeling sorry for yourself working in your dead end job and being a big fellow on the internet?

      1. Fe Dlowered

        Nasty, really? Taking the p*ss out of one half of a hard working professional couple who thinks that putting an article on Broadsheet about his meany landlord will make one bit of difference? Now, if he’d sought advice and feedback from the good people of boards.ie then maybe he would have had some success.

    1. Podge

      Got the stats.

      Harolds Cross, Dublin 6W
      Apartment
      One bed

      2014Q1 2014Q2 2014Q3
      826.84 827.82 821.18

      You should be looking for a reduction.

    2. Ciaran

      case is opened and awaiting their reply – it is a lot more detailed that what I wrote above but I spared you most of it so I could get the main point across. the full story is actually even more infuriating (wants me to throw my stuff away so he can deck the apartment with his own stuff, like my sofa etc…)
      even if I could afford it I couldnt feel normal paying my earned cash into his slimey pockets

      1. Bonkers

        fair play Ciaran. If the local rents are circa €850 for a 1 bed then the PRTB can only allow 10% above that. Fight your case and continue on paying your current rent until the case comes up. But also make sure to put some money aside for when it does happen so you’re covered.

  15. Anne

    Are they revamping the place to be like trump towers?

    It’d be interesting to know who’s buying – (not just managing) the block.
    Dublin is no New York or London. That price is ridiculous.
    Fupping joke.

    Too many vested interest in this shitehole don’t give a fupp.. Too many politicians with properties… W*nkers.

  16. Wayne Carr

    If we allow people to buy their own homes, then landlords can’t make money. Won’t somebody pleeeease think of the landlords?

  17. Starina

    I’m a bloody foreigner so I can’t just move in with my parents and save for a mortgage – i’m also in my early 30s and am coming to realise my friends and I will be sharing rented accommodation forever.

    cripes. election, please.

    1. Monahan Mangan

      You won’t be sharing with friends forever. What will happen is most of of your friends will get married, have a child, and then they will move to places like Leitrim, Cavan, Waterford, etc, so they can just about afford a semi-detached house near a half-decent primary school.

      And if you don’t do the same, it will only be then that your real problems begin…

          1. Dee O'Sullivan

            I just want equality for those of us that are sharing our lives with cats instead of breeding into an overpopulated world of humans… a cat allowance would be very much appreciated actually… just a few quid every week just for having a cat, yes please! Don’t see why I should pay taxes so that the breeding population get an unfair cut of the allowances tbh

          2. Joe the Lion

            LOL @ Dee

            Recently I heard a fellow opine that the housecat is in grave danger of extinction/ terminal decline because to a reduction in demand for his practical functionality e.g. catching mice etc and generally poor social skills, in particular a perception of a loyalty deficit, and that as a species he may have to up his game or face the chop

        1. Anne

          And if you don’t do the same, it will only be then that your real problems begin…

          Silly statement.

          1. Monahan Mangan

            The remark was in relation to the spiralling cost of accommodation in Dublin, not to advantages/disadvantages of remaining childless, Anne.

  18. wearnicehats

    I’ve said this before on here but not all landlords are bad. Just a scenario – the owner of this flat bought it a few years back and has a mortgage of €1500 a month. The bank has been on their back for 5 years but they’ve managed to structure the debt in order to hang on the apartment. The bank now tell him to up the rent in the current market as this is part of the restructuring agreement. Not all landlords are minted selfish so-and-sos – some are just people who bought into the boom and ended up bust.

    1. Joe the Lion

      so fupping what – he / she could just tell the bank to fupp off – he/she in your example is just a perpetuation of the unvirtuous cycle

      1. Paolo

        Someone who has a normal job, normal life but no pension invests ALL of his/her savings in an apartment. Said person loses his/her job and has trouble paying the mortgage. Bank restructures debt and orders him/her to increase rent.

        You think the person should just walk away from the apartment? You think that the tenant is somehow more deserving of charity? Not every landlord walks around with a top hat and a monacle FFS. Life is nuanced, not black and white.

        1. Mario Balotelli

          Don’t muddy the water Paolo. Landlord = Demon, Tenant = Angel. Despite the fact that the country is full of so-called ‘accidental’ landlords who are skint and barely able to keep a roof over their own heads. The comments on here are laughably immature and simplistic. “Greedy, money grabbing shitbags”, etc. Not all landlords or property owners are landed-gentry or Peter Rachmans…

          1. Joe the Lion

            Your proposal is that random strangers should subsidise your financial errors?

            That’s your proposal right? You have the ‘right’ to buy something you can not afford and ask me to pay for it?

          2. Mario Balotelli

            Joe the Lion – Eh, what?… Rent or a mortgage is a fact of life for most people. No one’s forcing you. Pay it, move somewhere crappier and cheaper, or earn more money. That’s life for all of us, unfortunately.

        2. Sam

          If someone puts all their investment in a single asset, then they’re a friggin idiot, especially if it’s something as volatile as rental property, and their ‘nest egg dream’ is based on the fiction that with little real work to do, someone else will fund their retirement as house prices and rental prices follow a fortuitous pattern for decades.
          I don’t care if every economist and property section in the country was hopping on the bandwagon… the old addages ‘don’t put your eggs in one basket‘ and ‘what goes up must come down‘ still hold true, and if someone paid too much for the house, that’s their own fault, not the poor sucker they want to bail them out by paying ridiculous rent.
          Now, in all likelihood, they will find a bigger sucker than themselves, but sympathy… not as likely to find that.

          1. Mario Balotelli

            Likewise, there’s little sympathy for the tenant out there from landlords who’ve spent the last 5 years hearing people boast about how they KNEW it would all end in tears, and you were MAD to buy. ;-)

          2. Sam

            Yes, but those of us who avoided burdening ourselves with overpriced properties aren’t in need of so much sympathy from those who did.

            In negotiations, it’s not so much sympathy as position that matters, and the more desperate party gets the $hittier end of the stick.

            And since when is common sense a ‘boast’? If someone who spurned common sense can’t bear to hear it said, that’s not my problem.

          3. Mario Balotelli

            Common sense becomes a boast when someone pretends to have ‘seen it coming’ – when in reality, they probably hadn’t the money to buy. It’s luck in most cases.
            If you’re not in need of sympathy, then why is Broadsheet filled every day with renters looking for sympathy?
            I don’t feel burdened at all by an investment property. Sure, it’s in temporary negative equity, but it’s bringing in a decent, and fair, market rent and it will be fully paid up eventually. It’s my pension, my only pension. I’m not a money grabbing shitbag either, just a hard-working tax payer trying to make ends meet and provide for a young family.
            The one-eyed narrative on Broadsheet sometimes is tiresome. Let’s hear some stories from landlords who’ve had to spend thousands fixing up wrecked rental properties, tenant who won’t leave and won’t pay their rent etc. etc. Bit of balance please.

          4. Sam

            Common sense becomes a boast when someone pretends to have ‘seen it coming’ – when in reality, they probably hadn’t the money to buy.

            I wouldn’t know about that. I could have taken out a mortgage…

            If you’re not in need of sympathy, then why is Broadsheet filled every day with renters looking for sympathy?

            Ask them. Their needs don’t coincide with mine.

            I don’t feel burdened at all by an investment property. Sure, it’s in temporary negative equity, but it’s bringing in a decent, and fair, market rent and it will be fully paid up eventually. It’s my pension, my only pension. I’m not a money grabbing shitbag either, just a hard-working tax payer trying to make ends meet and provide for a young family.

            I didn’t make a comment on your position, and many of the people renting are also trying to make ends meet, and being asked to pay high rents. So it comes down to a case of conflicting interests. Plenty of gougers out there.

            The one-eyed narrative on Broadsheet sometimes is tiresome. Let’s hear some stories from landlords who’ve had to spend thousands fixing up wrecked rental properties, tenant who won’t leave and won’t pay their rent etc. etc. Bit of balance please.

            There’s been a fair bit of that on here. I struggle to recall any discussion of house prices or rental prices that didn’t have more than one angle to it.

  19. ollie

    supply and demand, market forces, not greed.
    don’t blame us landlords, you’d all do exactly the same.

    1. Joe the Lion

      That’s right – because in an ideal world every person is a potential money grabbing shitbag

  20. Jane

    I have a certain amount of sympathy with the situation outlined, but once the whinging about being punished (by the faceless system of one buy to let landlord) started, it quickly ran out. We all pay tax, we all pay bills, you’re not being singled out for a harsh punishment by an unjust deity for whom you have already slaughtered your last lamb.

    You had an unfair rent increase. Sadly, paying tax does not guarantee that this will never happen.

  21. JunkFace

    Ugh! That is an insane increase in Rent. Nothing will change in Ireland anytime soon with regards to Rent control laws being introduced. No one in Government seems to care about the brain drain from Ireland. Its a disgrace that most people born and raised in Dublin will struggle to find an acceptable home in their own county. I think emigration is the best option if you want to live in a more fair and reasonable society.

    So many Irish built homes are below EU standards in room size, quality of materials and insulation. Its amazing that they are legally allowed on the market. Still lots of corruption out there in housing.

  22. madouveh on the dole

    I’ve been ranting about this for a while. Blame the government for its slackness on building ANY kind of decent student accommodation anywhere near town and for allowing massive portions of land around the city centre to remain either boarded up or else undeveloped.

    Combine this with the fact that every fupping cunce with a spare room is now putting it up on Air B&B instead of renting it out and the picture of why the rent is rising to such outlandish rates becomes more clear.

    Renting a room anywhere near Dublin city centre is the same price as a similar standard room in London.
    Endemic of what a badly managed free-for-all sh1thole our capital is.

    1. Kieran NYC

      “massive portions of land around the city centre to remain either boarded up or else undeveloped.”

      Ugh yes! This exactly!

  23. Kolmo

    Bad situation. I’m in my late 30’s, the goalposts just keep moving, I tried to save to buy before the bubble, prices kept going beyond my reach, arse fell out of my sector (engineering) in 2008, was in very insecure employment and/or actual months of unemployed till 2011, tried to rebuild financially since (self-employed) – very difficult paying new taxes, higher rents, some of the highest utility costs in the EU, run a necessary car and not ever think of getting sick – cannot see kids happening, we have the highest monitised childcare costs in the world,- goalposts just keep moving, fair-play to anyone who can wade through all that and raise a family comfortably in Ireland. I can’t be the only one in this limbo?

  24. The Good helen

    in fairness I did hear you say you were paying below the market rent for a while, so you did well for a while, but now you are not doing well your not happy. Ok, maybe the increase is uncalled for to that extent. but like others advised, you can lodge a complaint with PRTB it is only 15 euro. If he/she is trying to charge above the market rate you have a case, if he is not then you don’t. It can take 8-11 months for the PRTB to even start looking at the case, and in the meantime there is nothing that can be done to make you pay it. Even if he tries to evict you for not paying it, becuase you have a case lodged he can’t do this. So it is worth your while to either as said, open a case with PRTB or leave. you have 28 days to lodge a complaint from date of increase notice. So take your time. In the meantime continue to pay your rent on time and as you always have done.

  25. Sancho

    I feel for this guy because he seems genuinely upset. As an emigrant myself, I’ve no idea who has all the money that they can live comfortably in Dublin, especially in the nicer areas. Harold’s cross is a fantastic location. I hate to break it to this guy though, if he is serious about saving to buy, he shouldn’t be living in Harold’s cross. Many of us live abroad. This is why. Many people move to Delgany or start doing a very significant commute every day for a couple of years to save the money to buy. We don’t live in Harold’s cross. Without being mean, I don’t follow the line of reasoning that says “I should be able to live 15 mins from the city centre while saving to buy a house.”

    And as for the greedy landlord argument, maybe he is, maybe he isn’t. Maybe he runs a venture fund that owns millions of apartment and takes joy in crushing the little man or maybe he’s some guy that Bought a Second property after 2000 or 2005 as part of his retirements fund and maybe the mortgage is about 2,000 a month. If so, he’s been losing money in it for 7-8 years and will continue to do so. Of course, that idea doesn’t suit the righteous indignation of many people here.

    I do llike reading BS butte whole beat up the landlord thing is getting old. It’s lazy and its dishonest. A couple of years ago, many of the readers would have been calling buyers (of 2nd properties) from 2003 onwards “idiots” and would have had no sympathy for them if they got into trouble with their mortgage. Now, the table have turned and many of those same people are complaining that the market no longer suits them and they are crying for sympathy and claiming it’s all so unfair.

      1. Joe the Lion

        Hardly

        The voice of suffering, we are all on our knees, we are all supplicants and gonad-less Irish people.

        The poster’s standpoint is that again – to subsidise the financial errors of the few, the government should not intervene or legislate to regulate the capacity problem in the market and the inherent price distortions.

        Delgany is nice – I live south of there myself and commute everyday – by choice.

        But I think the money I would save by living there would be put to better use by being redistributed in the real economy.

  26. Kieran NYC

    While price is one totally fupped up issue when it comes to renting, standards and quality is the other pillar that isn’t talked about enough. It’s what scares me the most when I move back to Ireland. I can picture it already – damp, badly insulated, finished and furnished cheaply and with the same sh1te that’s in every other apt in the country. And that’s if you’re lucky not to get the landlord’s grandmother’s furniture that he shoved in the place when she died.

    And yet there are some on here who get a hardon for the days of the bedsit, as if reducing standards even more would solve the housing and homelessness crisis.

    (Also – why does every place HAVE to come pre-furnished with Ikea crap?)

    1. Joe the Lion

      Standards have increased a bit Kieran, in fact one of the issues behind the current shortage is that many properties were deemed uninhabitable and taken off the market, especially one room bedsits.

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