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By (user no longer on site) OP
over a year ago
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Hey everyone,
I am based in Dublin the last year or so and my rent is €800 a month for a small little studio apartmentwhich was €70 until a couple of months aho when the landlord put it up .. i litteraly have fuck all money because of it and am really sick of it ... anyone else having this problem ? |
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By (user no longer on site)
over a year ago
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"I know im suppose be paying 2300e for a 4 bed house but my landlord is great only charge me 1500e is still a lot sometimes i have to work day and night to pay me rent but thats life  "
2300? If I worked 7 days a week and overtime I could just about pay that and have a sandwich twice a week. No landlord should be getting over 1250 a month. The average wage is around 30k so rent should never be over half the average annual income of the country. I think that's the rule that should be in place and even then some people will still struggle. |
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By (user no longer on site)
over a year ago
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The rents have gone crazy down the country as well. A house in Portlaoise was about €700 to €800 over a year ago.Now its €950 to €1000. And almost impossible to get a property. |
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By (user no longer on site)
over a year ago
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Left my old apartment a year ago. Just spotted the same one for nearly double the rent. Also the lack of properties for rent around makes for tonnes of viewings which unfortunately gives landlords hungry eyes and people willing to pay more than they should because they are lucky to get a place. |
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By (user no longer on site)
over a year ago
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My landlord put my old place in Dublin up to 1200 from 800 for a tiny shoebox. I had to move home just couldn't afford it. It's a case of supply and demand and they screw us all. They don't even lube up first |
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By (user no longer on site)
over a year ago
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"I know im suppose be paying 2300e for a 4 bed house but my landlord is great only charge me 1500e is still a lot sometimes i have to work day and night to pay me rent but thats life
2300? If I worked 7 days a week and overtime I could just about pay that and have a sandwich twice a week. No landlord should be getting over 1250 a month. The average wage is around 30k so rent should never be over half the average annual income of the country. I think that's the rule that should be in place and even then some people will still struggle. "
It's supply and demand. The average wage is not a reflection of what an average rent should be. And in certain parts of Dublin especially the more sought after areas you can be sure mortgages that a lot of the landlords are paying are well in excess of 1250 a month. 2,300 a month is huge rent and it's probably in a nice location and that's why it's so expensive. |
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Lots of landlords bought these properties years ago and many are now mortgage free, alas many past and present politicians are big landlords and hence the lack of political will to sort this problem |
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By (user no longer on site)
over a year ago
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"Lots of landlords bought these properties years ago and many are now mortgage free, alas many past and present politicians are big landlords and hence the lack of political will to sort this problem "
I would say the majority of properties are not mortgage free. And in most cases the rent from the properties go towards a hefty mortgage. Obviously there are lots of properties that are mortgage free and in good locations that command high rents. It is really hard on people trying to rent and maybe save for a deposit to possibly buy. But I think landlords have been demonized a bit in the media and portrayed as something that the vast majority of them are not. |
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"I know im suppose be paying 2300e for a 4 bed house but my landlord is great only charge me 1500e is still a lot sometimes i have to work day and night to pay me rent but thats life
2300? If I worked 7 days a week and overtime I could just about pay that and have a sandwich twice a week. No landlord should be getting over 1250 a month. The average wage is around 30k so rent should never be over half the average annual income of the country. I think that's the rule that should be in place and even then some people will still struggle.
It's supply and demand. The average wage is not a reflection of what an average rent should be. And in certain parts of Dublin especially the more sought after areas you can be sure mortgages that a lot of the landlords are paying are well in excess of 1250 a month. 2,300 a month is huge rent and it's probably in a nice location and that's why it's so expensive. "
we talking about a 4 bed house in malahide |
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By (user no longer on site)
over a year ago
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"I know im suppose be paying 2300e for a 4 bed house but my landlord is great only charge me 1500e is still a lot sometimes i have to work day and night to pay me rent but thats life
2300? If I worked 7 days a week and overtime I could just about pay that and have a sandwich twice a week. No landlord should be getting over 1250 a month. The average wage is around 30k so rent should never be over half the average annual income of the country. I think that's the rule that should be in place and even then some people will still struggle.
It's supply and demand. The average wage is not a reflection of what an average rent should be. And in certain parts of Dublin especially the more sought after areas you can be sure mortgages that a lot of the landlords are paying are well in excess of 1250 a month. 2,300 a month is huge rent and it's probably in a nice location and that's why it's so expensive. we talking about a 4 bed house in malahide "
Malahide is a pretty nice area. But that is huge money every month. And you deserve credit for working so hard to come up with that amount every month. That's not easy. It's a catch 22 for lots of people do you pay the big rents or move outside Dublin and commute if that's where work is. For the 1500 a month you pay now you would but a really good property or rent most properties in the commuter belt. |
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By (user no longer on site)
over a year ago
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Vulture fund owners kicking up the rental price, unregulated greed, lack of political will from the landlord parties - it's a perfect storm. Only a massive crash and enforced regulation can make properties more affordable but that will come with another massive wave of emigration. It's going to be impossible to live here in the future for anyone but the super-rich. |
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By (user no longer on site)
over a year ago
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My friend is a landlord - Accidental landlord.
He charges €900 a month for a 3 bed house which is defo not the going rate for where the house is ( 1200 to 1300 in the norm ) close to Dublin
That just about covers mortgage. He pays insurance, property tax and repairs. He can only claim think he said 3/4 of mortgage interest and then what ever repairs cost and then take that away from rent received.
A lot of people don’t realise tax has to be paid.
He gets screwed at the end of the year by revenue for tax.
It’s a vicious circle - the more he charges the more tax he has to pay.
If government really want to do something bout rents - start by individually looking at landlords mortgages and allowing a certain profit - small bit then tax from there
But defo government are fueling huge rents
At the end of the day my friend just want good Tennants in which he has. They know he’s not screwing them and they do all small repairs, house is spotless.
We ve all heard of horror stories where Tennants haven’t paid rent in 6 months and it’s near impossible to get them out and if and when they are kicked out what condition is the house in then.
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"My friend is a landlord - Accidental landlord.
He charges €900 a month for a 3 bed house which is defo not the going rate for where the house is ( 1200 to 1300 in the norm ) close to Dublin
That just about covers mortgage. He pays insurance, property tax and repairs. He can only claim think he said 3/4 of mortgage interest and then what ever repairs cost and then take that away from rent received.
A lot of people don’t realise tax has to be paid.
He gets screwed at the end of the year by revenue for tax.
It’s a vicious circle - the more he charges the more tax he has to pay.
If government really want to do something bout rents - start by individually looking at landlords mortgages and allowing a certain profit - small bit then tax from there
But defo government are fueling huge rents
At the end of the day my friend just want good Tennants in which he has. They know he’s not screwing them and they do all small repairs, house is spotless.
We ve all heard of horror stories where Tennants haven’t paid rent in 6 months and it’s near impossible to get them out and if and when they are kicked out what condition is the house in then.
"
You're bang on the mark there Steven. We're in the same situation. Had horror tenants for a few years, finally got them out & dropped the rent below value to allow a decent family into it & took the financial hit while we waited for the market to recover & sell. Now we're in the situation where couples/families can't get the mortgage to buy the house & investors won't look at it because the rent is so low & they can't even raise it to market level because of the rental cap that was brought in a few months ago.
It's infuriating that you try to be decent & you just end up getting screwed even more! |
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I agree, rent is at shocking prices in Ireland. For Anybody renting it’s well worth taking a few minutes to look at the PRTB website & look at your entitlements. If you are living in a rent pressure zone - listed on the site, your rent Cannot increase by more than 4% per year, the landlord must give you 6 months notice also. Well worth a read, it may help some people & save a lot of stress or even worse stop making someone homeless. Hope this is some help |
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By (user no longer on site)
over a year ago
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I'm a dub always have been and always will be, however...... due to the lack of properties for rent in Dublin and insane prices I moved to Drogheda and it's only a 30 min commute and a massive price difference! Worth looking into for anyone struggling |
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By (user no longer on site)
over a year ago
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I’m in the middle of selling my rental houses as it’s not worth it!!
Landlords are demonised even though the returns are ridiculously low.
Between tax/ lpt / prsi etc the return is less than 3%. The unconstitutional rent pressure zone was the straw that broke the camels back.
All properties being sold and transferring into commercial properties. Far less hassle and better returns.
Government expects the landlord to do their job of providing social housing and to make no returns.
It’s an unfortunate vicious circle and I sympathise with anyone needing to rent a property for a home. |
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By (user no longer on site)
over a year ago
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Rent unofficially. The majority of landlords I know aren't paying any tax on the rent they receive. How? I don't know but I know they're doing it unofficially as I'm friendly with them. |
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By (user no longer on site)
over a year ago
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Really? No landlord should get more than 1250 a month?
I rent my house out for 1540 a month. I have the privilege of paying 2700 per month in mortgage payments because of course rates for rental property are higher.
I also am privileged to be limited to 50% of my interest as a deduction. Why? Cos. That's why. Cos.
If landlords are making such massive profits on properties then why are there fewer and fewer and fewer houses for rent each month? Because Landlords cant make a bean.
As for the op. You are living in a rent controlled zone (another genius government idea) which limits the rent increase to 4% of the existing rent. Get onto the PRTB (they love love love tenants) and they will sort it out for you. At the Landlords expense of course.
So ya. Maximum 1250 a month. Fucks sake |
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By (user no longer on site)
over a year ago
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"Really? No landlord should get more than 1250 a month?
I rent my house out for 1540 a month. I have the privilege of paying 2700 per month in mortgage payments because of course rates for rental property are higher.
I also am privileged to be limited to 50% of my interest as a deduction. Why? Cos. That's why. Cos.
If landlords are making such massive profits on properties then why are there fewer and fewer and fewer houses for rent each month? Because Landlords cant make a bean.
As for the op. You are living in a rent controlled zone (another genius government idea) which limits the rent increase to 4% of the existing rent. Get onto the PRTB (they love love love tenants) and they will sort it out for you. At the Landlords expense of course.
So ya. Maximum 1250 a month. Fucks sake"
 |
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By (user no longer on site)
over a year ago
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"Rent unofficially. The majority of landlords I know aren't paying any tax on the rent they receive. How? I don't know but I know they're doing it unofficially as I'm friendly with them. "
Remember revenue can go back 7 yrs max and with interest and penalties and probably fines would you take such risks ??? |
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By (user no longer on site)
over a year ago
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"Really? No landlord should get more than 1250 a month?
I rent my house out for 1540 a month. I have the privilege of paying 2700 per month in mortgage payments because of course rates for rental property are higher.
I also am privileged to be limited to 50% of my interest as a deduction. Why? Cos. That's why. Cos.
If landlords are making such massive profits on properties then why are there fewer and fewer and fewer houses for rent each month? Because Landlords cant make a bean.
As for the op. You are living in a rent controlled zone (another genius government idea) which limits the rent increase to 4% of the existing rent. Get onto the PRTB (they love love love tenants) and they will sort it out for you. At the Landlords expense of course.
So ya. Maximum 1250 a month. Fucks sake"
So you want someone else to pay your mortgage? You might have had bad luck but your mortgage is on you. |
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By (user no longer on site)
over a year ago
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"Rent unofficially. The majority of landlords I know aren't paying any tax on the rent they receive. How? I don't know but I know they're doing it unofficially as I'm friendly with them.
Remember revenue can go back 7 yrs max and with interest and penalties and probably fines would you take such risks ???"
I know people that have 4 or more houses in the one housing estate doing that. Dunno how they do it but the do. |
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By (user no longer on site)
over a year ago
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"Really? No landlord should get more than 1250 a month?
I rent my house out for 1540 a month. I have the privilege of paying 2700 per month in mortgage payments because of course rates for rental property are higher.
I also am privileged to be limited to 50% of my interest as a deduction. Why? Cos. That's why. Cos.
If landlords are making such massive profits on properties then why are there fewer and fewer and fewer houses for rent each month? Because Landlords cant make a bean.
As for the op. You are living in a rent controlled zone (another genius government idea) which limits the rent increase to 4% of the existing rent. Get onto the PRTB (they love love love tenants) and they will sort it out for you. At the Landlords expense of course.
So ya. Maximum 1250 a month. Fucks sake
So you want someone else to pay your mortgage? You might have had bad luck but your mortgage is on you. "
I love how people read what they want to read into messages. The muppet further up wanted rents capped at 1250 per month. Bit like they did in the soviet union when bread was 10 pence a loaf. Problem? Shelves were empty.
By all means reduce rents down to 1250 and watch the number of houses for rent reduce to zero.
And maybe just maybe read the darn comment before posting about it. |
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By (user no longer on site)
over a year ago
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"Really? No landlord should get more than 1250 a month?
I rent my house out for 1540 a month. I have the privilege of paying 2700 per month in mortgage payments because of course rates for rental property are higher.
I also am privileged to be limited to 50% of my interest as a deduction. Why? Cos. That's why. Cos.
If landlords are making such massive profits on properties then why are there fewer and fewer and fewer houses for rent each month? Because Landlords cant make a bean.
As for the op. You are living in a rent controlled zone (another genius government idea) which limits the rent increase to 4% of the existing rent. Get onto the PRTB (they love love love tenants) and they will sort it out for you. At the Landlords expense of course.
So ya. Maximum 1250 a month. Fucks sake
So you want someone else to pay your mortgage? You might have had bad luck but your mortgage is on you.
I love how people read what they want to read into messages. The muppet further up wanted rents capped at 1250 per month. Bit like they did in the soviet union when bread was 10 pence a loaf. Problem? Shelves were empty.
By all means reduce rents down to 1250 and watch the number of houses for rent reduce to zero.
And maybe just maybe read the darn comment before posting about it. "
There's no house in Ireland worth 2500k a month in rent regardless of being in a nice area. Mortgage and rent is two different things. You'll eventually own the house through mortgage payments. Renters won't. It's not worth it. I don't care how unpopular my opinion is. I think it should be capped at 50% of the national average income. If that goes up rent can go up. I'm not an economist either (fairly obviously) but it's 2500 for a house a month is ridiculous. Mortgage and rent isn't the same. Renters come away with nothing in the end if they can't afford to save anything. |
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By (user no longer on site)
over a year ago
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Again you are not reading the thread. Landlords will not eventually own the house. If they were then more would be buying into the market. Instead Landlords are cutting their losses selling the houses and the houses are disappearing off the rental market. Its why Daft sees rent increase year on year by 20% and available properties reduce by 10%. Year on year.
And your solution? A rent cap. Marvellous |
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By (user no longer on site)
over a year ago
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Plus the bread v house argument is ridiculous. You think someone will rent 6 houses by themselves cause its cheaper? No people will move out of their shared accommodation or their family home and build a life for themselves |
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By (user no longer on site)
over a year ago
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" We're in the same situation. Had horror tenants for a few years, finally got them out "
This is awful - sorry to hear out. Just curious though - is there any protection for landlords when this happens ? Were you renting via a letting agency ? If so, are they able to get non-paying tenants out ? |
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By (user no longer on site)
over a year ago
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"Rent unofficially. The majority of landlords I know aren't paying any tax on the rent they receive. How? I don't know but I know they're doing it unofficially as I'm friendly with them. "
You run a serious risk of people squatting or not paying rent if you do this - it would be very hard to get them out unless you use muscle. |
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By (user no longer on site)
over a year ago
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"Rent unofficially. The majority of landlords I know aren't paying any tax on the rent they receive. How? I don't know but I know they're doing it unofficially as I'm friendly with them.
You run a serious risk of people squatting or not paying rent if you do this - it would be very hard to get them out unless you use muscle."
To be fair the people I know who do this are muscle. |
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By (user no longer on site)
over a year ago
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Look up "daft house rental trends 2017 4Q". There's more Irish people moving to cities..... Taking up more properties. It's not landlords refusing to rent its more of a fact that people are moving from rural Ireland to cities. This is a legitimate report. Dublin rental prices are 4,500e on average more expensive now than they were during the celtic tiger. Rent has increased year on year in Dublin by 10% more or less. The problem is a lack of houses and properties but stats show landlords in the majority are taking advantage of renters. This isn't the case for everyone but its the case more often than not. If you don't agree with a cap fair enough I'm not gunna name call but to let landlords charge what they want isn't right either. |
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