Rent Out Of Shape

at

This afternoon.

Leinster House, Dublin 2.

Sinn Féin housing spokesman Eoin Ó Broin (above) calling for rent write downs as the results of a Renters Survey carried out by the party during lockdown are revealed.

Worried renters facing massive debt burden once lockdown ends (Dublin Live)

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9 thoughts on “Rent Out Of Shape

  1. Junkface

    In other EU countries tenants got reduced rents during the crisis to reflect their change in pay. It was up to them to request an arrangement with their landlord, as the banks were already helping out landlords. My guess is, this was a fantasy in Irelands rental market.

  2. NobleLocks

    and 100% of people who own the houses in which these people live have mortgages and/or costs to cover in order to maintain the thing in the first place. I suppose they the owners will just have to go bankrupt and be thrown out of their house to feed this insane lefty bull from our “we know better than you” SF. Can these embarrassing know nothings think beyond the first step in ANYTHING?

    Good man Eoin, Feed the masses, throw the owners on the fire to feed your Neo Right ideology.

    1. Junkface

      So did the banks in Ireland not have a fund to help Home owners who are also landlords? I thought this was standard in the EU.

      1. JEH

        Yeah, banks could have very easily paused repayments on mortgages for a few months and just tacked them on to the end of the mortgage. Not a chance in hell we’d ever see something like that here though.

  3. Ronan

    FFS. Downward only rent reviews.

    So people won’t move because they have rent protection. Which slows down turnover of property, which creates market scarcity, which pushes up market prices.

    Then a crisis happens, and landlords are stuck between a rock and a hard place. Even if they’d like to reduce rent, they would create a new level which can only increase by a small percentage if a U-shaped recover happens and demand increases – they’re locked into a baseline of the lower rent.

    Remove the cap on increases, and let the market take care of affordability. No one is going to knock 200/month of their vacant 1200/month unit if it’ll take 5 years post recovery to bring it back, when the neighbouring unit might be 1200/month in 6 months.

  4. Broadbag

    A vote for SF is a vote for the magical money tree, woohoo, infinite money for everyone (except if you employ or house people or generate wealth, then you’re a baddie and we take your money)

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