.@IrishTimes with a nearly 4,000 word feature on how bad it is to be a landlord in Ireland, calling for cuts in regulations, guaranteed profits etc. Did I miss a 4,000 word feature on tenants lying awake at night fearing eviction for them and their children? #HousingCrisis
I'm not quite sure what 'subsidising' means here, I think that the landlord is subsidising their tenants because they don't make a clear profit? The tenant in this case will still pay the bulk of the mortgage and take ownership of a very valuable asset.
In commercial property rentals a business in situ has a right to remain even if the property is sold, however it is 'unconstitutional' for families and children to have the same right? If landlords wish to be treated professionally shouldn't they have professional obligations?
Running a business has overheads shocker!
I have to pay an accountant
Regulatory body provides no value?
Not in this 4,000 word feature.
Expectations... My asset should be completely free and in fact pay a dividend from day one...
In other countries you would you progressively taxed for this until you rent or sell.
This might be harsh but is the only thing preventing this person being the later that they weren't allowed to. Certainly room in RPZs to stop new entrants setting massive rents.
Sometimes investments cost money and the payback is in the long term, something understood in most industry.
Some landlords seem to be unaware they will outright own a hugely valuable asset, paid for by tenants rent.
The lesser spotted happy landlord
Sorry we had to screw you over instead of the next tenant
That is the landlord will take full ownership.
In conclusion 'this €500,000+ asset being paid for by my tenants may cost me some time, work, repairs and tax and there is regulation, please help'
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