Ranelagh Ghetto

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Ah here.

TDs back local opposition to 671 unit housing scheme in Ranelagh (Irish Times)

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22 thoughts on “Ranelagh Ghetto

  1. Diddy

    What do we want ? Housing! Where do we want it? Nowhere near me!

    And the TDs row in behind to keep their seats warm. Wonderful

    1. Daniel

      We have plenty rental housing, we don’t need it. These are all “luxury” apartments renting for thousands per bedroom…

      We need affordable homes to buy.

      1. Bitnboxy

        While likely implied by your parentheses, there be will nothing luxury about these shoeboxes. A more apt word would be lucrative…well, if your are an elderly Dutchman or German whose pension fund has “invested” in this block that is…

      2. Rob_G

        “We have plenty rental housing, we don’t need it.”

        I’m sure you are nice person, but the Daniels of the world are the cause of the housing crisis.

      3. Diddy

        Affordable? In ranelagh? Cmon. Build the things because they would be supply at the very least. The sharks may be forced to lower their rents in time

  2. Bitnboxy

    The real question is whether the good denizens of Ranelagh would oppose a similar development were these for put up for sale on the open market available to FTBs? Quite possibly.

    Still, is there such a thing as good supply versus bad supply? BTRs are simply a short term solution likely to exacerbate the ownership versus renters divide – which would be fine had we proper landlord and tenant legislation with the possibility of long term rental with stable rents but we don’t which is why Dublin BTRs are so attractive to foreign investment funds – yearly and invariably upward rents coupled with desperados stuck renting longterm due to lack of adequate places in the city and county to buy. If they’re lucky, shur there might be an aul non-descript three bed semi-D on the outskirts of a regional Leinster town for them.

    Everything about the Irish housing market is dysfinctional – from the sworn nimbyism of the already settled to the idea that flooding the city with flung-up BTRs is the sort of supply we need.

      1. Bitnboxy

        Where are all the desperados renting here going to buy eventually? Surely most will invariably want to own their own home or apartment somewhere within a reasonable distance of their work? Or is it the plan that these desperados just subject themselves to the usual annual upward rent review and general rental precarity? That seems to be the plan.

        1. Rob_G

          Some of the existing housing stock; there are already lots of 3-bed semis.

          Dublin’s foreign-born population is 20% – I imagine that the vast majority of these people will want to rent/houseshare in a few different areas to try them out for a few years before buying.

          1. Bitnboxy

            That is a paltry and unconvincing response Rob.

            You see – I am not totally opposed to BTRs which have certain advantages for renters in terms of professionalism. They are common in some northern EU countries but there is a HUGE difference to here. In the Netherlands for example BTRs are subject to strong Dutch tenancy laws – 3-5 year leases at fixed stable rents. Why do you think BTRs in Dublin are so attractive to (ironically) Dutch and German pension funds?! Weak tenant laws meaning a standard of one year leases with a built-in rent increase for every year (now back at 4% thanks to inflation) and this is with the ability to charge a monthly rent vastly superior to anything they could ask in Amsterdam or Hamburg.

            For BTRs not to distort an already dysfunctional market, the trade off should be stronger tenant laws. But no, d’aul desperados, Irish or otherwise, will be taken to the cleaners for every last cent.

          2. Rob_G

            I don’t disagree with you in regards to longer leases, but you asked: “is there such a thing as good supply versus bad supply?”, and the answer is no, there isn’t.

            These 671 apartments will provide homes for 1,200-ish people who need homes, and need them now. Rents will remain sky-high until supply is addresses; this development goes some small way to address it.

          3. Bitnboxy

            Erm Rob, this development won’t change rents for the better- let’s face it, it is proposed to be built precisely to benefit from our insane sky high rents and Pixieland lax tenant laws with little oversight. The return from the desperado renters is unparalleled compared to other EU states. Why do you think some of these BTRs were left empty during the pandemic rather than offered at a lower rent?

            Mark my words, BTRs won’t change the rents in any other way than upwards. It’s why they’re here.

          4. Rob_G

            Other than BTRs, (i) who else is building big blocks of apartments currently, and (ii) how long would we be waiting for these non-BTRs to address the housing crisis?

            ” Why do you think some of these BTRs were left empty during the pandemic rather than offered at a lower rent?”

            It’s very difficult to conceive of any system of regulation that would ensure close-to-100% occupancy in the midst of a global pandemic. For example, if we did have 3, 5, or 10 year leases, do you really think any landlord would be falling over themselves to lock themselves into a rock-bottom rate?

  3. Gavin

    Hardly blame them for objecting, we have a bunch of politicians that lie through their teeth, and an approach to housing development that only seems to benefit developers. this is what happens when you have years of incompetent and untrustworthy governments..no trust and everyone looking out for themselves.

  4. John F

    It’s popular at the moment to dismiss any objection to granting planning permission as some form of NIMBYism.
    However, in this case, the objectors may have a point. These build to let units because of their massive scale are disruptive to the long term development of their community, will undoubtedly push up rents in the area and push out people who have a long term association with an area in favour of people that are only there temporarily.
    It’s not obvious how this is good for the community. I suspect that what will eventually happen is that councils will eventually rent entire blocks Hap style and use them for social housing.
    I am not trying to paint everyone the same brush, but a spade needs to be called a spade, large-scale social housing developments have historically had problems.

    1. Rob_G

      So your solution to the housing crisis is: “Ranelagh for the Ranelaghens, everyone else can go and whistle?”

    2. Zaccone

      More apartments being built in an area = push up rents in the area? What? You do know how supply and demand works right?

      Any increase in supply is a good thing in the current housing crisis. We need tens of thousands of new apartments in Dublin, and we need them as soon as possible.

    3. Ronan

      Developments like this have little to do with the community.

      The odd meal, the odd pint, and lots of coffee and cake will be bought by the 1000 odd residents of these blocks.

      The rest will take advantage of the nearby Luas station to get to town.

      Good proposal. Yuppies need gaffs too, and better than them house sharing family homes.

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