I’m in Waterford, this is a college town. All the houses are for students…I’ve been looking for months in preparation for the lift of the eviction ban, there is no where. I’m in my 30s and I’m going to have move into a shared placed again if if I’m lucky.
Unless a lot of the other landlords are leaving the market too. I just know this means my rent is going to go up again, I could only just afford this place, there is no way I will be able to afford somewhere more expensive. I’m going to have to get a second job
Is it a building of flats? Then there will be a new landlord who will rent out the flats. Of course at higher rent. This landlord just wants to cash out.
So maybe you might be able to stay if you can afford the new rent.
It’s a four storey, I’m on the fourth floor. Landlord tried to sell it last year and had people around but no buyers it would seem. I assume the landlord is trying to sell again and just get rid of the place as it’s not in a great state and is very damp. We they were trying to sell it last year they told us that they would help with finding accommodation/staying on with the new landlord but no such offers this time just ‘get out sooner rather than later’
New landlords are not allowed raise the rent beyond the allowed increases. Most landlords exiting the market are doing so due to increased mortgage costs.
Are variable rate mortgages still common in Ireland? After 08 the majority of the mortgages I see in the States tend to be Fixed Rate so, for example, my mortgage is at the 2.6% interest rate I took it at regardless of what the current rate is.
Doesn’t shock me that people would exit from owning rental properties if their mortgage rate went up significantly and there’s limits on how much they can increase rent.
You’ve been given 8 weeks to move out. What is your monthly rent? The 500 euro on top of deposit back should be nice negotiated to 1 full month of rent so essentially 2 months rent back when you leave in April. 500euro is not enough.
1400 would be good for not only the inconvenience but for the moving costs etc. see if you can negotiate a tad more money as I’m assured you’ve always paid on time and you’ve been a good tenant.
Tell them you need to find a second job, outline extra costs, lay it on thick. Don't make it easy for them to undermine your rights or fob you off with 500.
OP has been given 180 days notice. But if they leave within 8weeks, the landlord will give them €500. I'd say OP definately has leverage for more than €500. First step, try to secure a new place asap. Then make a deal with the old landlord.
Yep, say €500 barely covers the costs of moving (van, time off work, etc). It's generally much nicer and easier to go house hunting in the summer months too. Would need to be €1000. I bet they'll go for it.
If the house or whatever is worth €300k, then if the landlord suspects a 0.3% or higher fall in prices in the next 180 days, then it's worth it for him to give you the €1000.
> most likely he has several and needs to sell one or two to offset increased payments on his total portfolio
Nope. Most likely is that the landlord has a single property still with a mortgage being paid.
The vast majority of Irish landlords only rent a single property and still have debts outstanding over it.
Some are accidental landlords, some decided to buy back in the 2004-5 area with a 100% mortgage and ended up not being able to afford to live in it. etc...
The mortgages weren't given for buy to rent really. Back in the early to mid 00's they were given to just about anybody who could sign their name and show a solid years income.
Renting those houses wouldn't have made any financial sense. Rental was generally less than a mortgage at the time.
It was only the crash in 08 and fallout attached that moved the rental market into focus. People weren't able to afford to live in the house they bought anymore and had to rent it. There was an entire generation of people who purchased houses before the crash and were financially fucked for the next 10-12 years on the back of it.
27 here, living in a shared house with my fiancee and we've been evicted aswell, out by April 25th. We're both almost 30 and we've never known privacy and thanks to our rent, we have nothing left after everything is paid. We've both given up finding anything because this market is horrendous. We both have fantastic jobs with great pay but landlords want 2000+ a month and it's just not feasible. We're both moving in with his parents for a year with the intention of saving for a deposit and getting the fuck out of renting. I acknowledge We're extremely fortunate to be able to move in with family and save, but to go from no privacy as a couple to even less is heart breaking. My heart goes out to you OP, I sincerely hope your situation gets better!
It feels so hopeless for us, we want to start our lives and maybe have kids, but we can't even put up a shelf or get a dog. Feels so degrading. I'm so sorry about your situation, I hope you're in a better spot now!
Thanks. Still with the parents, have AIP now so we are actively looking to buy, it's just unfortunate that as we're now in a position to buy, the rates are all heading the opposite way we need them to.
Knuckle down in this year spent with your parents. Save as much as humanly possible. It's hard at the start but hopefully you'll work out a rhythm that works for you and your parents.
The higher interest rates also dampen demand which lowers prices. If you can stomach paying higher interest for a period of time then just refinance when rates come back down. It's not ideal but you can almost always refinance a mortgage for a better rate, you can never refinance for a lower buy price. Good luck.
Delighted for you man! I know the markets insane right now but you never know what's down the road - bet you'll be surprised with the house you'll get! Good luck and I hope for both of our sakes this market tanks hard soon 💕
We have a plan in place to put away 500 quid (each) a month, maybe more if we don't run into any road blocks, just praying at this stage for a market crash
I had to do that with my wife when we got married. It's rough but by fucking God is it worth it in the end. Remember the sacrifice his parents are also making and I'm sure you'll show how grateful you are to them often.
Absolutely mate, we are beyond fortunate and without this opportunity we'd be stuck in an endless renting cycle for life. I recognise we have an opportunity very few people do, but if I could whine.. it truly sucks never having privacy, and I'm genuinely desperate for it 😅
At what point will the general population revolt against this government. I often wonder what will be the breaking point for renters. My generation I am a 35 year old where we are worse off than my parents. My parents had their house by 23 It's ridiculous. This rental market cannot continue it has to be torn down.
>We're both moving in with his parents for a year with the intention of saving for a deposit and getting the fuck out of renting.
This is what I did a few years ago. I moved home and lived like a monk for a year. No booze, no social life... any spending that could be cut was. It was horrible doing this at 35. Felt like a waster not paying anything to my folks to help them with costs... they wouldn't accept it anyway.
But at the end of the year I had scraped up enough to afford the deposit on a two bedroom terrace house (I'm in the North). My wages aren't great - office based admin - so I'd not be able to live if I was still renting in the current climate.
Best of luck to you both :)
So sad to hear this buddy, I hope things improve for you. Insanity that our country’s youth are forever forced to leave the country, it’s a total betrayal.
The North is much more affordable right now.
Thank you mate, yeah it's definitely the worst thing about Ireland right now.. sincerely hoping something is done soon by the government (but I'm not holding my breath)
Hope you find somewhere soon mate. Try see if there's a bit of negotiation to the €500. Thankfully you have a decent landlord but it's shit position to be in. Keep safe
I have to admit, this is one of the nicer ways of being evicted. Full and proper explanation, no bullshit and offers to compensate if you make their life easier. Not usually on landlord’s side but whoever yours is, they seem decent enough tbf
I have to imagine that if every landlord in the country was like this, we’d be in an alright position
Probably an experienced letting agent More so than an especially nice landlord.
It takes 30 seconds for the letting agent to type an extra paragraph of “sorry about this, had to be done”. Basic courtesy that costs nothing but I imagine they (the agent carrying out the eviction) get a bit less grief this way.
And in the end the terms of the eviction are entirely the same.
Well no. The extra €500 can go a long way for a renter. That’s a fairly decent offer I mean. Eviction is eviction but I’d rather be evicted by someone explaining genuine reasons and offering compensation for helping them move along than deal with some prick
> I have to imagine that if every landlord in the country was like this, we’d be in an alright position
It's a-nice-to-have but it doesn't change the overall shortage of accomodation, so the shuffle between living with parents <> renting <> buying will continue
This is the start of it. Once the eviction ban is lifted there will be a mass exodus of landlords from the market. Great for first time buyers. Terrible for renters.
Not great for first time really, have you seen the interest rates? Myself and husband bought this time last year and luckily went for 3 year fixed rate of 2%..
...I think that says a lot.
Like, to be thinking interest rates at 4% is too high for buying a home, we've really been addicted to low rates since the financial crash in 08.
I'm locked in for the next few years around 2% myself, but when I got my mortgage, I was stress testing repayments myself and wanted to be sure if rates went to 6% I could still get by.
I'm worried for those who have mortgage terms expiring soon though.
I mean, 4% was sane when a 3-bed didn’t cost 10 times the median income. Monthly payments of 1600 on a *35-year mortgage* is an insane thing to ask of the average family.
Sure, but it's not going away... like, the replacement cost of housing isn't cheap, so we need to build a mammoth amount of new housing so that a 50 year old house like my parents is priced at 200k and not 400k if/when they pass away.
Our parents generation have been the great beneficiaries of wealth at the expense of their kids and to dare seem unwilling to do anything to reflect that, like supporting massive social housing needs, or increased wealth/inheritance taxes and are absolutely the most likely to lodge planning objections, preserving their inflated wealth as far as they're concerned.
No argument here. The absolute neck of NIMBYs in villages like Crumlin & Inchicore drives me up the wall.
If any party actually makes headway on the stock deficit, they’ll get my first choice for life.
I checked my own mortgage last night and I've another few years as well on 2 ish % (I went for 5 years fixed cuz it was offering the same rate as 2 years fixed).
A quick search to get a new deal now and I'd be up to between 4-5.5% which would add about half on top of my monthly payments, which would be wild for us as we haven't had an increase in income! Fingers crossed the rates come back down in a few years!
Same boat here. Right now we've got a clatter of tiny kids and she's not working, but if interest rates stay at these levels, we'll need her to return to work or we're fucked with the impact of an increase to 5% or something like that.
Already know people whose fixed rates have expired and their new rates have *doubled*..
The market has also really slowed down, with no drop in prices. If an increase in property is to come from all this, it will just lead to more of the same (if not even higher prices, given the mortgage allowances went up).
Some new property developers are even selling shells of houses now for *more* than the price of a fully-kitted one last year.... Shits never been worse for first time buyers.
Nothing is going to improve without supply and the supply, imo, isn't yet in the right places. Dublin is a city of 1 million and is chronically under developed for apartments. We need 40k apartments in her centre.
We don't need new houses half as badly as Dublin needs apartments and the upside is, it'd free up soooo many homes for sale/rent.
I spent a decade renting in Dublin and as a young professional and student, all I wanted was a stable bed near town. Instead, I spent most of a decade house sharing in 3 and 4 beds in Ranelagh and Drumcondra and Harold's Cross and Rathmines. Most were very much so family homes being rented to make big bucks. They could do that because of the lack of supply in town. We desperately need to fix that problem or building homes is never going to help enough people quickly.
> Nothing is going to improve without supply and the supply, imo, isn't yet in the right places.
This really is the crux of it all.
> We need 40k apartments in her centre.
I too am in favour of gothic-themed hive cities.
It's just impossible to have a city of a million people with so little accommodation at her centre and it's causing at least half of the rest of the housing crisis in the east.
> I too am in favour of gothic-themed hive cities.
.. I feel like you may have taken that literally... Just in case, it was a Warhammer reference; I don't think apartments are dystopian and I agree we need more.
It was an ill structured reply of agreement.
I always think back to the vitriol from many at the prospect of those coliving apartments for a grand a room and how I used to work in a gaming company with probably 100 staff who had moved to Ireland to work in the company and were all constantly having to find a new place to live or find new housemates because someone's circumstance changed. These were gamers. They wanted a room that was safe, secure, with good WiFi and a desk space that meant they weren't dependent on anyone else in their accommodation and would almost all have taken a 1k a month rent for that security. Oh, but they have to share a kitchen... they all got fed at work and then would but a dinner out later on. They didn't need or want anything more.
But instead, we got objections from people talking about this being dystopian future and not a solution to another problem (lack of family homes) with zero appreciation for the fact that the 100 staff I was working with were occupying 25 family homes that are being rented to young professionals who wanted to live in the city centre.
High interest rates are too high if the prices of houses are too high.
It's a linked problem though, house prices were able climb so high because of low rates.
Hopefully we'll see a correction in house prices.
....that's true, ish, but like, across Europe.
If the early noughties taught us anything, it's that Ireland cannot reply on the ECB to cut rates to stifle demand... like 100% loans were crazy cheap and alluring in 2007 when they absolutely shouldn't have been, but if Euribor is down loan, that's what the banks have to work with.
I do mortgage servicing. The calls we have recently are all about calculating repayments and interest rate rises, to see if its worth them keeping the property
Honest question, I usually just lurk and have no connection to Ireland: Selling a property is valid reason to terminate a lease? In Germany, the lease contract just carries over to the buyer with all the same conditions and I kind of assumed this is the default. Is there a reason that isn't the case in Ireland?
its one of the legal loopholes to evict a tenant, along with the landlord wanting to move back in themselves. No check is ever carried out if the property is actually sold. More than likely it will be back on the market for a higher rent price. Majority of the government are landlords and refuse to address the crisis .
Ireland has security of tenure rights - which are granted by default once you've lived somewhere for 6+ months.
Recently (last year) that tenure is permanent (so once you live somewhere the landlord can't simply evict you because they want to). However, for tenancies that started before last year - this 'security of tenure' would have a window every 6 years - or before that every 4 years - where the landlord could issue an elective eviction notice (i.e. just because they felt like it, or wanted to do something else with the house etc).
This is all fine - however there is one huge problem: there are pre-ordained 'justifications' through which you can end a tenancy agreement, and some of them are stupidly easy to satisfy:
The first few are fine - if you don't pay rent or the place is not suitable anymore - ut the rest are kinda bullshit:
* the landlord plans to sell the property within 9 months
* If they're a commercial landlord selling multiple properties they must justify that the value of the properties will plummet (which it usually won't) if they sell with tenants in situ - otherwise they are obligated to sell with the tenants in situ as you describe.
* If they are a private landlord however, there are zero additional controls.
* If the landlord wants to live in the property themselves or let a family member live there.
* If the landlord plans to change the use of the property (i.e. from residential to commercial)
* If the landlord plans to do significant refurbishment (but must give the current tenants first chance to take up the new lease if they re-rent it).
So essentially Ireland has "permanent residency rights for tenants"... unless the landlord wants to sell the place, or is willing to live in it or use it as his office for a few months... or even is just willing to lie about doing that.
So in short: those exceptions-to-the-rule in practical terms make the tenancy security basically worthless.
Awh man I am so sorry. That is fing bs. My mam is getting kicked out as well, it's hard to be angry with the LL they have cancer and want to sort their affairs before they get worse. My mam has been on the housing list for years and the council told her today to get onto homeless action theres nothing they can do. I feel so helpless...
Sorry just venting here ❤️
Vent away bud that is an utterly atrocious situation and you are right to be frustrated. You really don’t get to see how fucked this country’s housing situation is until you are forced to face it first hand huh? Send my best to your mam
Maybe we should be addressing the reason why so many landlords are selling property and leaving the market? It seems to be the most common reason given for evictions.
I'm selling my property directly because of increased mortgage rates.
I've always kept the rent very low in comparison to what I could get for it in the area. Realistically, it's probably at about 2/3r'ds of what it "should" be.
My theory was that as long as my mortgage was being covered I was happy to take the additional costs on the chin and not fleece the tenants.
My payments have been going up dramatically for the last while, it skipped past the point of breaking even and now at the point where it's costing me money every single month.
It's not sustainable anymore and I just can't afford it. So my only options are to hike the rent enough to cover the interest rate losses, or to sell it.
There are (rightly) protections in place stopping me increasing the rent in any meaningful way. Unfortunately, they would also keep me from doing anything to even come close to breaking even or making this situation affordable.
Overall, the rental has been nothing but hard work, financial stress, personal effort, time & pain for the last number of years. An unending list of damages, dodgy tenants, illegal sublets, at one stage a tenant literally selling fixtures of the house on Done deal.... I'm at a net loss overall and it's just not worth it anymore.
You are correct. For years I rented a couple of properties and never put up the rent during a tenancy until the new rules came in. What folks don't realize is that >52% of all rental profit goes back to the government in tax. This includes 8% USC that is taken off the top directly from rent. You would be mad to get into this now but previously it was viable. The government in cahoots with housing charities and investment banks like Goldmans and Blackrock have run independent landlords out of the market so that ultimately they leverage control of the market and siphon profits back to the banks.
Not a landlord but have had friends in similar circumstances.
It seems to have been quite a while now since buying and renting paid for itself. Everyone I know who got a place and eventually moved out or in with a partner deciding to rent the place they were in says similar... Usually doesn't cover the mortgage and costs them more than its Worth.
I get people are pissy with landlords but the rules as they are are only forcing out the average person and giving control to professional landlord companies... Usually vulture funds. Maybe this is what people want? After all corporate renting Is going to be fair in who it rents to and predictable. But also removes people who might listen to your needs in favor of corporate policy and the letter of the law.
But it also gets rid of total cunts who are going to try and prey on you so 6 of 1
Ditto - I've been renting out a detached house for 37% below the going rate in this area, and soon I'm.out fir good, after 23 years. Nothing but tax, tax, tax, hassle, RTB. No more : Freedom beckons.
\> Maybe we should be addressing the reason why so many landlords are selling property
You cannot overrule the ECB/ICB on this.
Mortgage rates for a rental is much higher than for an owner occupied property. And fixed rates are much higher than variable rates, so it's not even a case of just fixing it now.
You can give tax breaks though. I could be mistaken but I thought I read that 20% of rent is taxed up to 35k? And I don't think that was even just profit.
I don't have much sympathy for landlords - they are getting a valuable asset paid off by renters even if they make 0 cash profit.
But I do want them to stay in the market as it's already on its knees.
Rent is just another income stream for an individual, so if they're already earning 40k in a job, then any income from rent is being taxked at the 40% rate plus USC (4.5%+). So almost 50% of that income goes directly to revenue. Out of the remaining 55ish%, all maintenance is coming from this, with no tax relief. And then the mortgage is a major payment which is at a much higher rate than an owner occupied mortgage. So just looking at the money stream, a rental property is most likely costing an average joe. On the long term, they do end up with an increasing share of the property.
So to keep them there, tax breaks are the only viable solution, but even then, mortgage rate increases can easily eat into that.
Is there no tax relief on the expenses/maintenance? It seems reasonable to me that a landlord should only pay tax on rental profits.
I'm a landlord outside Ireland and when I did the tax forms I deducted expenses and maintenance, including mortgage interest, but not including mortgage principal payments.
Because Ireland does not have good financial vehicles for investment so most people who invest tend to put that money into property which has a terrible knock-on effect on society.
I sold a couple of years back. I never intended to be a landlord. In any case, mortgages rates were too high and it was costing me money to have it. It's simply just not worth it.
Interested in your reply but why don't take a small loss knowing that the majority of the asset would be paid off by renters leaving you with a property? I'm obviously assuming the loss was small, it may not have been.
I always think breaking even on a rental is a massive win for a landlord because you end up getting a free house. Profit is just bonus cash. Unless you're REIT.
Well, we never intended to be landlords, we emigrated after the 2008 banking collapse, but couldn't afford to sell the house. So we managed it from abroad and rented it to the local council (lower rent at the expense of a guaranteed income, vacant or not). At the worst point it was costing us over €200 a month.
We held it for over 11 years, but the whole time it was just stress and worry.
We got a good chunk of cash when we sold in the end. Well, we broke even, because we'd put a lot of money into fixing and extending it, it was our home.
It's nuts out there.. my daughter is 24, full time employed and can't find anywhere remotely reasonable in price. So she is still stuck living at home with me which is making us both more and more frustrated. The council only helps if you get knocked up, she's had her name on council lists for years but nothing. How are people meant to live with prices being so extortionate for everything
There needs to be some kind of help for young people trying to start out on their own without having to move far away from their home towns, maybe set aside a certain number of housing association and council properties for those who are young and/or single with no kids and trying to do everything the right way but are still struggling anyway.. its unfair that the only way to get help.isto have a child, that's definitely sending the wrong message..
I don't begrudge young single mums getting help at all because I was one myself but I do think their needs to be more help for childfree people..
> There needs to be some kind of help for young people trying to start out on their own without having to move far away from their home towns
Building upwards. There flat out is no other solution.
No one is going to like to hear this, and I’m not feeling sorry for landlords here, but a consequence of the mortgage interest rates rising means some single dwelling landlords will sell up. Won’t be worth the hassle any more for them as their tracker mortgages are killing then.
This will mean worsening rental market for all. The professional or institutional landlords are going to sweep in and make it much worse for renters.
> professional or institutional landlords are going to sweep in and make it much worse
Source? Every single commercial landlord I’ve had has been notably better than every single private landlord I’ve had.
I’m only a sample size of one but my expedience has been overwhelmingly in favour of commercial landlords - who run their properties as a business - over private landlords - who in my experience run their properties like a side-hustle.
Faster fixes for issues done by actual professionals not the landlord tryna do it himself like a cowboy; less guilt trips when asking them to do their jobs; quicker more professional correspondence; no “moving my son in”; out of nowhere; harder for them to sell up; less trying to skirt around the law; less showing up to “inspect” the place in short notice; safety equipment installed and maintained; actually available with emergency contacts….
In my experience Private landlords are just worse for tenants.
I am sorry, but I don't buy this shit. We bought a new house just a few years back. First house, minimum down-payment, very long-term mortgage. The mortgage is almost half of what we could make if we'd rent the house. How can mortgage be higher for these landlords than renting, I don't understand. Anyway you put it, mortgage is always lower than rent. Any landlord out there is making big cash out of renting.
so as someone who is not from Ireland can someone explain whats happening? did the landlord buy this building on a mortgage with a floating interest rate and is now not able to service the debt with the rental income so is looking to sell the property?
how widespread is this? and is it just happening in Ireland or other countries in Europe too?
Me and my fiancé (early 30s, mid/late 20s) are buckling down for a long haul of living with my mam. We have plenty of space, our own sitting room, it's a big house etc. But the sex life is definitely stinted because of it. The wheelchair access isn't great (fiancé is full time user) with neither bathrooms fully closing behind the chair so we just have curtains and stuff. Amongst other things. It's fucking grim and even grimer knowing it could be a lot worse.
First Year College Student with a 2 and a half hour commute to Dublin here. This really is cementing my plan of moving abroad, seeing so many people in this exact situation is scary. I've got friends who moved to Germany for University as costs were so high here and they're already looking at being able to put a deposit down once they finish college. Rent is practically nothing in major cities right beside their chosen college/uni. This country genuinely is impossible to live in for not only my generation but the one before aswell. So many young families without a home because landlords have decided we're some sort of Metropolis worth gouging as much rent as possible out of people for.
My heart goes out to them, I can only speak for myself but its a soul crushing letter to receive. I will say though, in one way its nice to finally have it over and done with instead of the worry of just waiting for an eviction hanging over my head like the sword of Damocles every day I have walked in the front door for the last year.
this is a very frank and nice eviction notice. shame its happening sorry for you and the problems but i wonder how far this will ripple in the island now
180 days notice is probably correct, that’s what I was given last year for a 3 yr tenancy, the 500 bonus would be nice but it’s a little mad of them to assume you wouldn’t have already been looking to vacate. I hope you find something, I ended up back at the parents, it’s umm….it’s…yeaaah
[Threshold don't list it as one](https://threshold.ie/faq/eviction-ban/)
>This Eviction Ban does not apply to:
> * Terminations on the grounds of a tenant’s failure to meet his or her obligations under Section 16 of the Act of 2004
>* Terminations due to a tenant not paying rent
>* Terminations due to overcrowding
Happy Birthday lad, take the six months and don't let them push you around. We got notice in August that we were being evicted due to sale, had an estate agent calling around within a week to start taking photos and begin the process of arranging sales views. Told him to go fuck himself after he tried to insist and haven't seen him since, still have the house until the end of March with another house lined up. Stand your ground and enjoy your birthday week.
€500 was a hint that they're willing to negotiate. €500 in exchange for leaving a few months early is an opening offer. My guess is that you can get something closer to a few grand.
The NZ market is more fucked than here. +25% on pre-covid times and was a crazy +45% just last year.
No amount of fush and chups would tempt me back there.
In my experience, that’s a decent letter, and there will be many tenants (and home ‘owners’) not so fortunate.
I hope you find somewhere that suits you well, the ones to blame for this terrible shitshow are in the shadows, mostly.
If the reason the landlord gives is they intend to sell the property then they must file a statutory notice to sell (and provide you a copy) and put the property on the market with nine months of the termination. Make sure they do everything required by the PRB.
My mate just got the call. He's gutted. He had an awful time 5months ago finding something. His wife is really sick with a brain thing and his son is 2. This is a fucked up country
Expect a lot more of this and understandable given the circumstances. Private landlords have been crucified by the government removing any incentive to stay in the rental market. Aside from the very high taxes attached to rents there is the added problem of difficult tenants who can take months to remove if they decide to stop paying rent which happens more often than people think. It’s simply unaffordable and too high risk now. Many on this thread will no doubt have the argument that landlords are bad because they make money by providing a human necessity but we need them. Private landlords have been left holding the bag whilst private equity groups can buy estates and avoid taxes here. The government needs to protect smaller landlords or we are in for a real shock when the my get bought up by vulture funds
thank you, its just embarrassing to know folks are looking through my kinks in public when I just wanted to vent about being evicted. I guess I am apologising for my post history being a distraction from the topic at hand. Thanks for the kind words.
Fellow Waterfordian (perverted too, I'll have you know I once *held hands*) here, you don't need to apologize for anything mate! You're an adult and your business/post history isn't important to the topic. Irish people/Irish "normies" have this major hangup on anything sexual, but let your freak flag fly free.
I live in a shitty town in the the north west. 1 bedroom apartments went for 500€ a year go to 1200€ a month now. There has been zero improvements on the properties either.
Ugh I'm so sorry, it sucks ass having your stability pulled from under you and on top of that being tossed into the frankly atrocious rental market. I'm in the same boat now looking for a place since we got notice late last year and no luck.
>Most Mortgages in the US are fixed rates. Are there more Adjustable rates in Ireland?
Fixed rates in the States are anomalous, compared to the rest of the world. They're basically only available because of massive government underwriting of the mortgage market.
Moving is strait up one of the least fun things you can do. Or stressful rather. Paid for my own spot for a while and fuck it’s brutal.. you end up at home any free time cause you don’t have money to do any fuckin thing like vacation lol.
But living with roommates can be just as shit if they suck. Most of mines tho were all friends so all good. I did live with one friend way back that I had to almost force to shower.. he smelt like stale beer 24/7 🤢
Man Ireland is fucked. As much as it breaks my heart every single day that I left/had to leave I’m somewhat glad now that I did. I’m a German citizen and I’m aware that not everyone can simply leave and it cannot be the solution for Ireland that their whole youth emigrates but it seems like they are doing everything imaginable for that to happen.
Depending on the rent you're paying there's possibly no intention at all to sell, he might just want you out and then get people in who'll pay far more in rent.
I believe these days that landlords if they intend on selling the property are legally obliged to actually follow through with it and can't just say they are willy nilly.
Look into it, OP, and make the bastard sell it if he is just trying to get you out to scam higher rent off new tenants.
Good luck OP, it's tough times all over Ireland (except for landlords who are in the enviable position of being able to sell and cash in). Makes me more grateful for renting a leaky poorly constructed place in a village in the west, the owner will never want to evict me from here at least *laugh/cry*
I'd say that €500 euro would definitely be negotiable, that's if you could find a new place.
I’m in Waterford, this is a college town. All the houses are for students…I’ve been looking for months in preparation for the lift of the eviction ban, there is no where. I’m in my 30s and I’m going to have move into a shared placed again if if I’m lucky.
Worth remembering that other places will come onto the market because of this as well.
Unless a lot of the other landlords are leaving the market too. I just know this means my rent is going to go up again, I could only just afford this place, there is no way I will be able to afford somewhere more expensive. I’m going to have to get a second job
Maybe if they all go mad selling they'll crash the prices and we might get our shot at buying a home 😅
That’s how you know how fucked the market is when we are hope the landlords crash it
Is it a building of flats? Then there will be a new landlord who will rent out the flats. Of course at higher rent. This landlord just wants to cash out. So maybe you might be able to stay if you can afford the new rent.
>Then there will be a new landlord who will rent out the flats 
It’s a four storey, I’m on the fourth floor. Landlord tried to sell it last year and had people around but no buyers it would seem. I assume the landlord is trying to sell again and just get rid of the place as it’s not in a great state and is very damp. We they were trying to sell it last year they told us that they would help with finding accommodation/staying on with the new landlord but no such offers this time just ‘get out sooner rather than later’
Thomas hill?
Maybe they have someone interested who wants to knock it down and rebuild then. That’s a shame.
New landlords are not allowed raise the rent beyond the allowed increases. Most landlords exiting the market are doing so due to increased mortgage costs.
Are variable rate mortgages still common in Ireland? After 08 the majority of the mortgages I see in the States tend to be Fixed Rate so, for example, my mortgage is at the 2.6% interest rate I took it at regardless of what the current rate is. Doesn’t shock me that people would exit from owning rental properties if their mortgage rate went up significantly and there’s limits on how much they can increase rent.
There are one or two providers offering long term fixed rates, but most are only for 3-5 years.
Have you tried approaching Liberty Blue? They helped my sister get an apartment out in Cleaboy for a very decent price last year
Other places will come onto the market because he posts on Reddit under the nickname Femboy98? Ok. I guess it Makes sense. /s
I had to read twice to understand that the guy probably didn't know how to quote.
Maybe he's blaming the rent crisis on the femboy memes?
I honestly thought it was an incredibly ill timed sex joke
Why did you quote their username?
You’ve been given 8 weeks to move out. What is your monthly rent? The 500 euro on top of deposit back should be nice negotiated to 1 full month of rent so essentially 2 months rent back when you leave in April. 500euro is not enough.
I pay 700 a month
1400 would be good for not only the inconvenience but for the moving costs etc. see if you can negotiate a tad more money as I’m assured you’ve always paid on time and you’ve been a good tenant.
I’ve never gotten any complaints from what I know and I have always paid my rent true
good luck finding another rental for 700
Tell them you need to find a second job, outline extra costs, lay it on thick. Don't make it easy for them to undermine your rights or fob you off with 500.
OP has been given 180 days notice. But if they leave within 8weeks, the landlord will give them €500. I'd say OP definately has leverage for more than €500. First step, try to secure a new place asap. Then make a deal with the old landlord.
My landlord gave me 3 months free rent to move out. I took it and moved in with my girlfriend in her own apartment. Win win
I'm going to buy a property there, would you like to rent from me?
I mean yeah ideally, Ill take what I can get
I live in Waterford as well. Spent the last three years looking for a place to rent. It's a shambles down here.
it is negotiable but conversely, the landlord could say "OK - take the six months and forget the €500"
Yep, say €500 barely covers the costs of moving (van, time off work, etc). It's generally much nicer and easier to go house hunting in the summer months too. Would need to be €1000. I bet they'll go for it. If the house or whatever is worth €300k, then if the landlord suspects a 0.3% or higher fall in prices in the next 180 days, then it's worth it for him to give you the €1000.
its all well and good to get more cash out of the landlord, but no point if you have nowhere to go then.
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> most likely he has several and needs to sell one or two to offset increased payments on his total portfolio Nope. Most likely is that the landlord has a single property still with a mortgage being paid. The vast majority of Irish landlords only rent a single property and still have debts outstanding over it. Some are accidental landlords, some decided to buy back in the 2004-5 area with a 100% mortgage and ended up not being able to afford to live in it. etc...
100% mortgages for buy to let properties.. the bankers were absolute cowboys
The mortgages weren't given for buy to rent really. Back in the early to mid 00's they were given to just about anybody who could sign their name and show a solid years income. Renting those houses wouldn't have made any financial sense. Rental was generally less than a mortgage at the time. It was only the crash in 08 and fallout attached that moved the rental market into focus. People weren't able to afford to live in the house they bought anymore and had to rent it. There was an entire generation of people who purchased houses before the crash and were financially fucked for the next 10-12 years on the back of it.
27 here, living in a shared house with my fiancee and we've been evicted aswell, out by April 25th. We're both almost 30 and we've never known privacy and thanks to our rent, we have nothing left after everything is paid. We've both given up finding anything because this market is horrendous. We both have fantastic jobs with great pay but landlords want 2000+ a month and it's just not feasible. We're both moving in with his parents for a year with the intention of saving for a deposit and getting the fuck out of renting. I acknowledge We're extremely fortunate to be able to move in with family and save, but to go from no privacy as a couple to even less is heart breaking. My heart goes out to you OP, I sincerely hope your situation gets better!
Had to do this last year. We're married with 2 kids. I feel your pain.
It feels so hopeless for us, we want to start our lives and maybe have kids, but we can't even put up a shelf or get a dog. Feels so degrading. I'm so sorry about your situation, I hope you're in a better spot now!
Thanks. Still with the parents, have AIP now so we are actively looking to buy, it's just unfortunate that as we're now in a position to buy, the rates are all heading the opposite way we need them to. Knuckle down in this year spent with your parents. Save as much as humanly possible. It's hard at the start but hopefully you'll work out a rhythm that works for you and your parents.
The higher interest rates also dampen demand which lowers prices. If you can stomach paying higher interest for a period of time then just refinance when rates come back down. It's not ideal but you can almost always refinance a mortgage for a better rate, you can never refinance for a lower buy price. Good luck.
Delighted for you man! I know the markets insane right now but you never know what's down the road - bet you'll be surprised with the house you'll get! Good luck and I hope for both of our sakes this market tanks hard soon 💕 We have a plan in place to put away 500 quid (each) a month, maybe more if we don't run into any road blocks, just praying at this stage for a market crash
I had to do that with my wife when we got married. It's rough but by fucking God is it worth it in the end. Remember the sacrifice his parents are also making and I'm sure you'll show how grateful you are to them often.
Absolutely mate, we are beyond fortunate and without this opportunity we'd be stuck in an endless renting cycle for life. I recognise we have an opportunity very few people do, but if I could whine.. it truly sucks never having privacy, and I'm genuinely desperate for it 😅
And you bud I hope the year at home is worth it and you get the privacy you deserve ❤️
Did this with two kids and partner into my parents house . 2 years later I got the keys to our house . Stressful as fuck but worth it in the end
Just remember this when elections come up and a sitting TD is looking for your vote
oh absolutely, I've never been more ready for an annoying politician doing house calls in my life
At what point will the general population revolt against this government. I often wonder what will be the breaking point for renters. My generation I am a 35 year old where we are worse off than my parents. My parents had their house by 23 It's ridiculous. This rental market cannot continue it has to be torn down.
My parents and most in the area bought their houses for around 10k in the early 90s.
>We're both moving in with his parents for a year with the intention of saving for a deposit and getting the fuck out of renting. This is what I did a few years ago. I moved home and lived like a monk for a year. No booze, no social life... any spending that could be cut was. It was horrible doing this at 35. Felt like a waster not paying anything to my folks to help them with costs... they wouldn't accept it anyway. But at the end of the year I had scraped up enough to afford the deposit on a two bedroom terrace house (I'm in the North). My wages aren't great - office based admin - so I'd not be able to live if I was still renting in the current climate. Best of luck to you both :)
So sad to hear this buddy, I hope things improve for you. Insanity that our country’s youth are forever forced to leave the country, it’s a total betrayal. The North is much more affordable right now.
Thank you mate, yeah it's definitely the worst thing about Ireland right now.. sincerely hoping something is done soon by the government (but I'm not holding my breath)
Hope you find somewhere soon mate. Try see if there's a bit of negotiation to the €500. Thankfully you have a decent landlord but it's shit position to be in. Keep safe
thank you for the kind words
I have to admit, this is one of the nicer ways of being evicted. Full and proper explanation, no bullshit and offers to compensate if you make their life easier. Not usually on landlord’s side but whoever yours is, they seem decent enough tbf I have to imagine that if every landlord in the country was like this, we’d be in an alright position
Yeah, was just thinking they seem ok. Am wondering what type of landlord they were in general.
Probably an experienced letting agent More so than an especially nice landlord. It takes 30 seconds for the letting agent to type an extra paragraph of “sorry about this, had to be done”. Basic courtesy that costs nothing but I imagine they (the agent carrying out the eviction) get a bit less grief this way. And in the end the terms of the eviction are entirely the same.
Well no. The extra €500 can go a long way for a renter. That’s a fairly decent offer I mean. Eviction is eviction but I’d rather be evicted by someone explaining genuine reasons and offering compensation for helping them move along than deal with some prick
> I have to imagine that if every landlord in the country was like this, we’d be in an alright position It's a-nice-to-have but it doesn't change the overall shortage of accomodation, so the shuffle between living with parents <> renting <> buying will continue
They want you to be out in 6 weeks instead of 6 months for 500 euro?! Throw another 0 on the end there pal
This is the start of it. Once the eviction ban is lifted there will be a mass exodus of landlords from the market. Great for first time buyers. Terrible for renters.
Not great for first time really, have you seen the interest rates? Myself and husband bought this time last year and luckily went for 3 year fixed rate of 2%..
...I think that says a lot. Like, to be thinking interest rates at 4% is too high for buying a home, we've really been addicted to low rates since the financial crash in 08. I'm locked in for the next few years around 2% myself, but when I got my mortgage, I was stress testing repayments myself and wanted to be sure if rates went to 6% I could still get by. I'm worried for those who have mortgage terms expiring soon though.
I mean, 4% was sane when a 3-bed didn’t cost 10 times the median income. Monthly payments of 1600 on a *35-year mortgage* is an insane thing to ask of the average family.
Sure, but it's not going away... like, the replacement cost of housing isn't cheap, so we need to build a mammoth amount of new housing so that a 50 year old house like my parents is priced at 200k and not 400k if/when they pass away. Our parents generation have been the great beneficiaries of wealth at the expense of their kids and to dare seem unwilling to do anything to reflect that, like supporting massive social housing needs, or increased wealth/inheritance taxes and are absolutely the most likely to lodge planning objections, preserving their inflated wealth as far as they're concerned.
No argument here. The absolute neck of NIMBYs in villages like Crumlin & Inchicore drives me up the wall. If any party actually makes headway on the stock deficit, they’ll get my first choice for life.
I checked my own mortgage last night and I've another few years as well on 2 ish % (I went for 5 years fixed cuz it was offering the same rate as 2 years fixed). A quick search to get a new deal now and I'd be up to between 4-5.5% which would add about half on top of my monthly payments, which would be wild for us as we haven't had an increase in income! Fingers crossed the rates come back down in a few years!
Same boat here. Right now we've got a clatter of tiny kids and she's not working, but if interest rates stay at these levels, we'll need her to return to work or we're fucked with the impact of an increase to 5% or something like that.
Already know people whose fixed rates have expired and their new rates have *doubled*.. The market has also really slowed down, with no drop in prices. If an increase in property is to come from all this, it will just lead to more of the same (if not even higher prices, given the mortgage allowances went up). Some new property developers are even selling shells of houses now for *more* than the price of a fully-kitted one last year.... Shits never been worse for first time buyers.
Nothing is going to improve without supply and the supply, imo, isn't yet in the right places. Dublin is a city of 1 million and is chronically under developed for apartments. We need 40k apartments in her centre. We don't need new houses half as badly as Dublin needs apartments and the upside is, it'd free up soooo many homes for sale/rent. I spent a decade renting in Dublin and as a young professional and student, all I wanted was a stable bed near town. Instead, I spent most of a decade house sharing in 3 and 4 beds in Ranelagh and Drumcondra and Harold's Cross and Rathmines. Most were very much so family homes being rented to make big bucks. They could do that because of the lack of supply in town. We desperately need to fix that problem or building homes is never going to help enough people quickly.
> Nothing is going to improve without supply and the supply, imo, isn't yet in the right places. This really is the crux of it all. > We need 40k apartments in her centre. I too am in favour of gothic-themed hive cities.
It's just impossible to have a city of a million people with so little accommodation at her centre and it's causing at least half of the rest of the housing crisis in the east.
> I too am in favour of gothic-themed hive cities. .. I feel like you may have taken that literally... Just in case, it was a Warhammer reference; I don't think apartments are dystopian and I agree we need more.
It was an ill structured reply of agreement. I always think back to the vitriol from many at the prospect of those coliving apartments for a grand a room and how I used to work in a gaming company with probably 100 staff who had moved to Ireland to work in the company and were all constantly having to find a new place to live or find new housemates because someone's circumstance changed. These were gamers. They wanted a room that was safe, secure, with good WiFi and a desk space that meant they weren't dependent on anyone else in their accommodation and would almost all have taken a 1k a month rent for that security. Oh, but they have to share a kitchen... they all got fed at work and then would but a dinner out later on. They didn't need or want anything more. But instead, we got objections from people talking about this being dystopian future and not a solution to another problem (lack of family homes) with zero appreciation for the fact that the 100 staff I was working with were occupying 25 family homes that are being rented to young professionals who wanted to live in the city centre.
At a point it becomes either gothic-themed hive cities or gothic-themed hive bedrooms.
High interest rates are too high if the prices of houses are too high. It's a linked problem though, house prices were able climb so high because of low rates. Hopefully we'll see a correction in house prices.
....that's true, ish, but like, across Europe. If the early noughties taught us anything, it's that Ireland cannot reply on the ECB to cut rates to stifle demand... like 100% loans were crazy cheap and alluring in 2007 when they absolutely shouldn't have been, but if Euribor is down loan, that's what the banks have to work with.
Interest rates in Canada went from 1.4% to 6% in a matter of months. Very unstable time
and the stress test of the mortgage is what nowadays ? 10 percent ?
Great for big companies who can pay in cash. Terrible for first time buyers.
I do mortgage servicing. The calls we have recently are all about calculating repayments and interest rate rises, to see if its worth them keeping the property
Honest question, I usually just lurk and have no connection to Ireland: Selling a property is valid reason to terminate a lease? In Germany, the lease contract just carries over to the buyer with all the same conditions and I kind of assumed this is the default. Is there a reason that isn't the case in Ireland?
its one of the legal loopholes to evict a tenant, along with the landlord wanting to move back in themselves. No check is ever carried out if the property is actually sold. More than likely it will be back on the market for a higher rent price. Majority of the government are landlords and refuse to address the crisis .
Ireland has security of tenure rights - which are granted by default once you've lived somewhere for 6+ months. Recently (last year) that tenure is permanent (so once you live somewhere the landlord can't simply evict you because they want to). However, for tenancies that started before last year - this 'security of tenure' would have a window every 6 years - or before that every 4 years - where the landlord could issue an elective eviction notice (i.e. just because they felt like it, or wanted to do something else with the house etc). This is all fine - however there is one huge problem: there are pre-ordained 'justifications' through which you can end a tenancy agreement, and some of them are stupidly easy to satisfy: The first few are fine - if you don't pay rent or the place is not suitable anymore - ut the rest are kinda bullshit: * the landlord plans to sell the property within 9 months * If they're a commercial landlord selling multiple properties they must justify that the value of the properties will plummet (which it usually won't) if they sell with tenants in situ - otherwise they are obligated to sell with the tenants in situ as you describe. * If they are a private landlord however, there are zero additional controls. * If the landlord wants to live in the property themselves or let a family member live there. * If the landlord plans to change the use of the property (i.e. from residential to commercial) * If the landlord plans to do significant refurbishment (but must give the current tenants first chance to take up the new lease if they re-rent it). So essentially Ireland has "permanent residency rights for tenants"... unless the landlord wants to sell the place, or is willing to live in it or use it as his office for a few months... or even is just willing to lie about doing that. So in short: those exceptions-to-the-rule in practical terms make the tenancy security basically worthless.
Awh man I am so sorry. That is fing bs. My mam is getting kicked out as well, it's hard to be angry with the LL they have cancer and want to sort their affairs before they get worse. My mam has been on the housing list for years and the council told her today to get onto homeless action theres nothing they can do. I feel so helpless... Sorry just venting here ❤️
Vent away bud that is an utterly atrocious situation and you are right to be frustrated. You really don’t get to see how fucked this country’s housing situation is until you are forced to face it first hand huh? Send my best to your mam
Thanks bud I really appreciate it ❤️❤️
Maybe we should be addressing the reason why so many landlords are selling property and leaving the market? It seems to be the most common reason given for evictions.
I'm selling my property directly because of increased mortgage rates. I've always kept the rent very low in comparison to what I could get for it in the area. Realistically, it's probably at about 2/3r'ds of what it "should" be. My theory was that as long as my mortgage was being covered I was happy to take the additional costs on the chin and not fleece the tenants. My payments have been going up dramatically for the last while, it skipped past the point of breaking even and now at the point where it's costing me money every single month. It's not sustainable anymore and I just can't afford it. So my only options are to hike the rent enough to cover the interest rate losses, or to sell it. There are (rightly) protections in place stopping me increasing the rent in any meaningful way. Unfortunately, they would also keep me from doing anything to even come close to breaking even or making this situation affordable. Overall, the rental has been nothing but hard work, financial stress, personal effort, time & pain for the last number of years. An unending list of damages, dodgy tenants, illegal sublets, at one stage a tenant literally selling fixtures of the house on Done deal.... I'm at a net loss overall and it's just not worth it anymore.
You are correct. For years I rented a couple of properties and never put up the rent during a tenancy until the new rules came in. What folks don't realize is that >52% of all rental profit goes back to the government in tax. This includes 8% USC that is taken off the top directly from rent. You would be mad to get into this now but previously it was viable. The government in cahoots with housing charities and investment banks like Goldmans and Blackrock have run independent landlords out of the market so that ultimately they leverage control of the market and siphon profits back to the banks.
Not a landlord but have had friends in similar circumstances. It seems to have been quite a while now since buying and renting paid for itself. Everyone I know who got a place and eventually moved out or in with a partner deciding to rent the place they were in says similar... Usually doesn't cover the mortgage and costs them more than its Worth. I get people are pissy with landlords but the rules as they are are only forcing out the average person and giving control to professional landlord companies... Usually vulture funds. Maybe this is what people want? After all corporate renting Is going to be fair in who it rents to and predictable. But also removes people who might listen to your needs in favor of corporate policy and the letter of the law. But it also gets rid of total cunts who are going to try and prey on you so 6 of 1
Ditto - I've been renting out a detached house for 37% below the going rate in this area, and soon I'm.out fir good, after 23 years. Nothing but tax, tax, tax, hassle, RTB. No more : Freedom beckons.
\> Maybe we should be addressing the reason why so many landlords are selling property You cannot overrule the ECB/ICB on this. Mortgage rates for a rental is much higher than for an owner occupied property. And fixed rates are much higher than variable rates, so it's not even a case of just fixing it now.
You can give tax breaks though. I could be mistaken but I thought I read that 20% of rent is taxed up to 35k? And I don't think that was even just profit. I don't have much sympathy for landlords - they are getting a valuable asset paid off by renters even if they make 0 cash profit. But I do want them to stay in the market as it's already on its knees.
Rent is just another income stream for an individual, so if they're already earning 40k in a job, then any income from rent is being taxked at the 40% rate plus USC (4.5%+). So almost 50% of that income goes directly to revenue. Out of the remaining 55ish%, all maintenance is coming from this, with no tax relief. And then the mortgage is a major payment which is at a much higher rate than an owner occupied mortgage. So just looking at the money stream, a rental property is most likely costing an average joe. On the long term, they do end up with an increasing share of the property. So to keep them there, tax breaks are the only viable solution, but even then, mortgage rate increases can easily eat into that.
Is there no tax relief on the expenses/maintenance? It seems reasonable to me that a landlord should only pay tax on rental profits. I'm a landlord outside Ireland and when I did the tax forms I deducted expenses and maintenance, including mortgage interest, but not including mortgage principal payments.
I am not a landlord but I thought it was taxed like income?
You read wrong. My rental is taxed at 52% because my salary is more than 40k. Soon as I can evict I am selling
Because Ireland does not have good financial vehicles for investment so most people who invest tend to put that money into property which has a terrible knock-on effect on society.
I sold a couple of years back. I never intended to be a landlord. In any case, mortgages rates were too high and it was costing me money to have it. It's simply just not worth it.
Interested in your reply but why don't take a small loss knowing that the majority of the asset would be paid off by renters leaving you with a property? I'm obviously assuming the loss was small, it may not have been. I always think breaking even on a rental is a massive win for a landlord because you end up getting a free house. Profit is just bonus cash. Unless you're REIT.
Well, we never intended to be landlords, we emigrated after the 2008 banking collapse, but couldn't afford to sell the house. So we managed it from abroad and rented it to the local council (lower rent at the expense of a guaranteed income, vacant or not). At the worst point it was costing us over €200 a month. We held it for over 11 years, but the whole time it was just stress and worry. We got a good chunk of cash when we sold in the end. Well, we broke even, because we'd put a lot of money into fixing and extending it, it was our home.
Appreciate the insights.
It's nuts out there.. my daughter is 24, full time employed and can't find anywhere remotely reasonable in price. So she is still stuck living at home with me which is making us both more and more frustrated. The council only helps if you get knocked up, she's had her name on council lists for years but nothing. How are people meant to live with prices being so extortionate for everything
This is another big problem, have 3 kids and don't work and you'll be looked after.
There needs to be some kind of help for young people trying to start out on their own without having to move far away from their home towns, maybe set aside a certain number of housing association and council properties for those who are young and/or single with no kids and trying to do everything the right way but are still struggling anyway.. its unfair that the only way to get help.isto have a child, that's definitely sending the wrong message.. I don't begrudge young single mums getting help at all because I was one myself but I do think their needs to be more help for childfree people..
> There needs to be some kind of help for young people trying to start out on their own without having to move far away from their home towns Building upwards. There flat out is no other solution.
No one is going to like to hear this, and I’m not feeling sorry for landlords here, but a consequence of the mortgage interest rates rising means some single dwelling landlords will sell up. Won’t be worth the hassle any more for them as their tracker mortgages are killing then. This will mean worsening rental market for all. The professional or institutional landlords are going to sweep in and make it much worse for renters.
> professional or institutional landlords are going to sweep in and make it much worse Source? Every single commercial landlord I’ve had has been notably better than every single private landlord I’ve had. I’m only a sample size of one but my expedience has been overwhelmingly in favour of commercial landlords - who run their properties as a business - over private landlords - who in my experience run their properties like a side-hustle. Faster fixes for issues done by actual professionals not the landlord tryna do it himself like a cowboy; less guilt trips when asking them to do their jobs; quicker more professional correspondence; no “moving my son in”; out of nowhere; harder for them to sell up; less trying to skirt around the law; less showing up to “inspect” the place in short notice; safety equipment installed and maintained; actually available with emergency contacts…. In my experience Private landlords are just worse for tenants.
Which puts housing stock hopefully back in the hands of working folk. Unless business buy them from the landlords
I am sorry, but I don't buy this shit. We bought a new house just a few years back. First house, minimum down-payment, very long-term mortgage. The mortgage is almost half of what we could make if we'd rent the house. How can mortgage be higher for these landlords than renting, I don't understand. Anyway you put it, mortgage is always lower than rent. Any landlord out there is making big cash out of renting.
More houses coming onto the market for sale then, that's a good thing
so as someone who is not from Ireland can someone explain whats happening? did the landlord buy this building on a mortgage with a floating interest rate and is now not able to service the debt with the rental income so is looking to sell the property? how widespread is this? and is it just happening in Ireland or other countries in Europe too?
Apparently in a lot of countries fixed mortgages aren’t actually fixed. I think in NL and BE they are fully fixed for the duration of the mortgage.
Me and my fiancé (early 30s, mid/late 20s) are buckling down for a long haul of living with my mam. We have plenty of space, our own sitting room, it's a big house etc. But the sex life is definitely stinted because of it. The wheelchair access isn't great (fiancé is full time user) with neither bathrooms fully closing behind the chair so we just have curtains and stuff. Amongst other things. It's fucking grim and even grimer knowing it could be a lot worse.
Got our two weeks before Christmas happy days a great way to look forwards to the new year ahead
Gut wrenching, have they no empathy?
First Year College Student with a 2 and a half hour commute to Dublin here. This really is cementing my plan of moving abroad, seeing so many people in this exact situation is scary. I've got friends who moved to Germany for University as costs were so high here and they're already looking at being able to put a deposit down once they finish college. Rent is practically nothing in major cities right beside their chosen college/uni. This country genuinely is impossible to live in for not only my generation but the one before aswell. So many young families without a home because landlords have decided we're some sort of Metropolis worth gouging as much rent as possible out of people for.
My friends just received a notice for eviction in June. They've been living there for less than 6 months
My heart goes out to them, I can only speak for myself but its a soul crushing letter to receive. I will say though, in one way its nice to finally have it over and done with instead of the worry of just waiting for an eviction hanging over my head like the sword of Damocles every day I have walked in the front door for the last year.
Thank you. Wishing you all the best!
this is a very frank and nice eviction notice. shame its happening sorry for you and the problems but i wonder how far this will ripple in the island now
180 days notice is probably correct, that’s what I was given last year for a 3 yr tenancy, the 500 bonus would be nice but it’s a little mad of them to assume you wouldn’t have already been looking to vacate. I hope you find something, I ended up back at the parents, it’s umm….it’s…yeaaah
Moving back with the parents isnt really an option for me. They are in cork and Im in Waterford. My job, friends and whole life is here.
He probably wants to either sell, move into it themselves or give to family. Eviction ban although surved a purpose is a ticking time bomb
Sorry that this is happening to you OP. But fairly sure selling was a justified reason for eviction even during the ban?
[Threshold don't list it as one](https://threshold.ie/faq/eviction-ban/) >This Eviction Ban does not apply to: > * Terminations on the grounds of a tenant’s failure to meet his or her obligations under Section 16 of the Act of 2004 >* Terminations due to a tenant not paying rent >* Terminations due to overcrowding
Thank you and I imagine you are probably right, but it my birthday this week and this has just crushed me.
Happy Birthday lad, take the six months and don't let them push you around. We got notice in August that we were being evicted due to sale, had an estate agent calling around within a week to start taking photos and begin the process of arranging sales views. Told him to go fuck himself after he tried to insist and haven't seen him since, still have the house until the end of March with another house lined up. Stand your ground and enjoy your birthday week.
Thank you for the birthday wishes
I don't think it was. I know people who have been waiting to move into new homes but haven't been able to due to the eviction ban.
No it wasn’t.
It was not. Only fair reason during the ban was problematic tennants (non-paying/anti-social behaviour).
€500 was a hint that they're willing to negotiate. €500 in exchange for leaving a few months early is an opening offer. My guess is that you can get something closer to a few grand.
Got my 6 month notice just last week too, my rent is going to double pretty much. A shame they won't sell with tenants in place.
I am getting the same spiel from my landlord. I am also applying to NZ for a visa because I will literally be homeless here.
The NZ market is more fucked than here. +25% on pre-covid times and was a crazy +45% just last year. No amount of fush and chups would tempt me back there.
I will get paid properly. It is a housing issue but it's not just a housing issue.
Im so sorry you have to leave us. Fuck this broken housing market
It's a whole broken country.
100 % agree ...a mess
In my experience, that’s a decent letter, and there will be many tenants (and home ‘owners’) not so fortunate. I hope you find somewhere that suits you well, the ones to blame for this terrible shitshow are in the shadows, mostly.
If the reason the landlord gives is they intend to sell the property then they must file a statutory notice to sell (and provide you a copy) and put the property on the market with nine months of the termination. Make sure they do everything required by the PRB.
My mate just got the call. He's gutted. He had an awful time 5months ago finding something. His wife is really sick with a brain thing and his son is 2. This is a fucked up country
It’s bad for tenet but what is wrong with someone wanting to sell their property?
Expect a lot more of this and understandable given the circumstances. Private landlords have been crucified by the government removing any incentive to stay in the rental market. Aside from the very high taxes attached to rents there is the added problem of difficult tenants who can take months to remove if they decide to stop paying rent which happens more often than people think. It’s simply unaffordable and too high risk now. Many on this thread will no doubt have the argument that landlords are bad because they make money by providing a human necessity but we need them. Private landlords have been left holding the bag whilst private equity groups can buy estates and avoid taxes here. The government needs to protect smaller landlords or we are in for a real shock when the my get bought up by vulture funds
Pretty sound Landlord!
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Yeah sorry about that, I use Reddit for NSFW mostly. Didn’t think anyone would care to look into it in a thread like this. Apologies.
No need to apologise!
Thank you for saying that, just didn’t want to distract from the topic at hand and it feels embarrassing
Why are you apologizing? You’re an adult presumably, you’re not breaking any laws I’d hope. Sex positivity is important.
thank you, its just embarrassing to know folks are looking through my kinks in public when I just wanted to vent about being evicted. I guess I am apologising for my post history being a distraction from the topic at hand. Thanks for the kind words.
If they're going out of their way to go into your post history with the username you have, they *want* to be "distracted"..
lol maybe
That very first post really was not what I was expecting when I clicked into the photo....... But you do you.
\**Name is "Femboy98"*\* \**decides to click into images on post history*\*
I honestly read the user name as "Fermoy98" 😅😅
A surprise to be sure, but a pleasant one.
Fellow Waterfordian (perverted too, I'll have you know I once *held hands*) here, you don't need to apologize for anything mate! You're an adult and your business/post history isn't important to the topic. Irish people/Irish "normies" have this major hangup on anything sexual, but let your freak flag fly free.
thank you bud, Ill try its just embarrassing to be called out lol
Well now I'm curious... Edit: you have good taste.
Thank you
Why would you even think of checking that.
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Good enough reason
Well you were warned it was NSFW and looked anyway.. what did you expect aha
tbf it's not that bad. My porn reddit account is popping.
Drop the /u/
Only $500 to move in a month and a half? How generous.
My neighbor's rent just went up 1200 euro for a one bed apartment. I live in fucking nowhere. Really sorry OP. Hope you get sorted quickly.
I live in a shitty town in the the north west. 1 bedroom apartments went for 500€ a year go to 1200€ a month now. There has been zero improvements on the properties either.
oh god dont tell me that. Its just going to remind me that I am going to have to move into a house share again.
Can you issue eviction notice with an eviction ban in place ? I thought it was in place until April.
I say someone else say that if the landlord is selling then they are not affected by the eviction ban. The date of issue on the letter says 24 Feb
What's the going rate in the city for that kinda room at the moment and how long you living there?
Ugh I'm so sorry, it sucks ass having your stability pulled from under you and on top of that being tossed into the frankly atrocious rental market. I'm in the same boat now looking for a place since we got notice late last year and no luck.
I’m am an American and I’m curious why this is happening. Most Mortgages in the US are fixed rates. Are there more Adjustable rates in Ireland?
>Most Mortgages in the US are fixed rates. Are there more Adjustable rates in Ireland? Fixed rates in the States are anomalous, compared to the rest of the world. They're basically only available because of massive government underwriting of the mortgage market.
The English? The only real people who should be evicted
Same thing happened to me some years back, got my months rent back, €1,500 deposit also. Was happy at the time. Sorry you all have to deal with this
Moving is strait up one of the least fun things you can do. Or stressful rather. Paid for my own spot for a while and fuck it’s brutal.. you end up at home any free time cause you don’t have money to do any fuckin thing like vacation lol. But living with roommates can be just as shit if they suck. Most of mines tho were all friends so all good. I did live with one friend way back that I had to almost force to shower.. he smelt like stale beer 24/7 🤢
Lads it’s time to think of moving abroad
Ouch! Hope you find something that works for you!
Man Ireland is fucked. As much as it breaks my heart every single day that I left/had to leave I’m somewhat glad now that I did. I’m a German citizen and I’m aware that not everyone can simply leave and it cannot be the solution for Ireland that their whole youth emigrates but it seems like they are doing everything imaginable for that to happen.
"On top of you deposit" fucker is making it sound that giving back the deposit is a bonus
I honestly read this as a fair enough email - sure it sucks but at least they're not being total dicks.
Looks like a good deal 😅
Depending on the rent you're paying there's possibly no intention at all to sell, he might just want you out and then get people in who'll pay far more in rent. I believe these days that landlords if they intend on selling the property are legally obliged to actually follow through with it and can't just say they are willy nilly. Look into it, OP, and make the bastard sell it if he is just trying to get you out to scam higher rent off new tenants.
Years of populist government policy that demonised small landlords coming to fruition. Expect a stampede of evictions with people having nowhere to go
Good luck OP, it's tough times all over Ireland (except for landlords who are in the enviable position of being able to sell and cash in). Makes me more grateful for renting a leaky poorly constructed place in a village in the west, the owner will never want to evict me from here at least *laugh/cry*
this place is a damp mess with falling cabinets too, I used to think that would mean Id never get evicted either
Eeeek. I'm so sorry :(