as I see it
profit-cost-rental™️ is planned as 25% discount on market prices & won’t be affordable..typically BTR developments rent at €2,000-2,500/month for 2-bed apt, so may be discounted to €1,500-1,875.. which requires a *take-home* household income of €54,000-67,500/ year— Orla Hegarty (@Orla_Hegarty) May 19, 2021
This afternoon.
Good times.
Earlier: Bulk Smash
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The heist is getting heistier
I prefer to set fire to my money… ffs
fairly sure I could live in a nice 5* hotel on contract rate for that money?
(leaving aside my feelings of outrage and despair about what’s going down) there’s something very very wrong here. this is not EC1….we don’t have boatloads of €200k+ pa exec renters in Dublin, do we?
Who’s going to rent these expensive widgets?? who are the customers? I just don’t get the economics. How can they have and hold that value if they aren’t going to function as intended? what am I missing?
What your missing is the realisation that our cabinet are puppets on a corporate string.
You’re right – this isn’t EC1.
As a bit of a car-fan, I LOVE visiting other countries as they are way more comfortable dropping €100k+ on a showy-offy car. We really struggle with PDW (Public Displays of Wealth) here in Ireland – Irish people don’t applaud the visible success of others, we kinda judge it to be in poor taste.
EC1 might be bling, but do not think there aren’t MINTED people knocking around these parts.
There’s also a healthy market in these apartments being rented for people on secondment from abroad etc.
Part of my current (and previous) job has required me to see the payroll file.
Make no mistake, when management use terms like “Budgetary constraints” as to why you’re not getting more headcount in, what they mean is their bonus would be impacted. (excl public sector)
They will introduce an Employee Assistance Program, introduce Pilates at lunchtime, run courses on managing stress etc, because even spending €50k per year on all this is less of a financial commitment compared to getting an extra person in to actually help.
Well meaning staff work hard to fill in the gaps.
The stress and extra hours worked amongst the ranks means the leadership can sleep at night.
When you attend a town-hall and the leadership tell you how much they really understand how much people are giving, how they see it and understand and appreciate it, they’re not lying. I can usually quantify how much PAYE they’ll pay on that gratitude.
Make no mistake if you saw the payroll file your approach to work would change – you would very quickly find yourself a lot less stressed while your leadership would learn what its like to not sleep at night.
They can absolutely find the money when they feel their personal metrics & bonus is at stake.
I can’t moan myself though, I am gradually becoming part of this profitable problem.
To return to the price of the apartment though, they don’t really need someone to actually follow-through to the end and really pay this – they just need to nudge the market upwards – into believing getting something like this for €500 less isn’t a total ripoff.
Rob will be along shortly to tell us this is actually a good thing, and nothing to worry about unless you’re a communist.
The new rental model is pay per night per bed. If tourism comes back it might work to some extent. If it fails the tax payer will be on the hook for a lot of shared accomodation. The ‘freemarket’ goys who got up early will be back looking for handouts from the taxpayer again…
perhaps u can incorporate as a company and then write it off as an expense for your c-level staff member who only stays there monday – friday