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 Post subject: Re: Rent supplement is in the crosshairs
PostPosted: Tue Jun 28, 2016 9:03 am 
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Too Big to Fail

Joined: Sep 13, 2012
Posts: 4799
greentree wrote:
Short term easy solution done for political reasons. Not sure how this is going to make more housing units available?

In theory rising rents drive increasing prices and thus improve the business case for building. I'm not saying this is a good idea.

There are quite a few underdeveloped sites around D15 would presumably get built faster if there was stable demand at >1000/mo.

The problem is that 5% gross yield on 1000/mo gives a price of 240k, but AFAIK there are no new builds in the GDA prices as low as 240k.

I guess if the new builds are better than the Tiger stuff there's a chance that private sector renters will displace from old to new, depressing the price of the old stuff to the point where it makes sense for BTL, but the problem is that the older stuff is in mature estates many of which are quite pleasant to live in, notwithstanding the unexceptional BER ratings.

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 Post subject: Re: Rent supplement is in the crosshairs
PostPosted: Tue Jun 28, 2016 9:10 am 
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Under CAB Investigation

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Posts: 1867
It is not even a short term solution - Rents have moved so far from SW limits as to make this initiative nothing more than a bit of politic cover for those in power.

If they don't start building houses the problem is going to get much worse.


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 Post subject: Re: Rent supplement is in the crosshairs
PostPosted: Tue Jun 28, 2016 10:36 am 
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Location: To the right of the decimal place
Luan wrote:
It is not even a short term solution - Rents have moved so far from SW limits as to make this initiative nothing more than a bit of politic cover for those in power.

If they don't start building houses the problem is going to get much worse.



+1. And of course every € spent on rent allowance is one less available to build houses.

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 Post subject: Re: Rent supplement is in the crosshairs
PostPosted: Tue Jun 28, 2016 3:44 pm 
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Too Big to Fail

Joined: Aug 8, 2008
Posts: 3146
Location: Cathair na dTreabh
New ceiling rates and also two new areas
M4-M1 Commuter Belt Area & Wicklow M11 Commuter Towns
http://www.welfare.ie/en/Pages/Maximum- ... ounty.aspx

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 Post subject: Re: Rent supplement is in the crosshairs
PostPosted: Tue Jun 28, 2016 8:16 pm 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 5556
Location: SthDub
Leitrim up by 21%!!!! The county with the most ghost estates following the bust...you couldn't make this up if you tried.

€55m hit in a full year


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 Post subject: Re: Rent supplement is in the crosshairs
PostPosted: Tue Jun 28, 2016 8:20 pm 
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Joined: Apr 4, 2008
Posts: 2561
So how long have we been talking about a housing crisis? And in that time what has the government done to actually increase supply? Anyone?

You'd think they wanted prices to rise FFS

In all seriousness how long does the governemnt do nothing before you think this isn't a crisis it's policy.......

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I know a lot of them, like [Jimmy] Flynn, [Noel] O’Flaherty and the Baileys. You meet the Baileys at Croke Park every time you go there. You can’t avoid getting a slap on the back going in from them. Most of these guys lost their shirt. I feel sorry for them - Bertie Ahern


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 Post subject: Re: Rent supplement is in the crosshairs
PostPosted: Tue Jun 28, 2016 8:34 pm 
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Joined: Apr 23, 2012
Posts: 1184
Renting And Proud! wrote:
So how long have we been talking about a housing crisis? And in that time what has the government done to actually increase supply? Anyone?

You'd think they wanted prices to rise FFS

In all seriousness how long does the governemnt do nothing before you think this isn't a crisis it's policy.......


By chance was watching rte news which I rarely watch and saw some p@rick from ff taking credit for the increase.

Makes sense as a ff bailout for underwater btls at least in places like Leitrim where there's obviously a huge shortage...

The current political setup means we could get the worst policies of all parties...

Scary times..

Edited, it was that cute hoor , willie o dea saying it was a condition of their support for fg minority government

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 Post subject: Re: Rent supplement is in the crosshairs
PostPosted: Fri Feb 03, 2017 12:45 pm 
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Too Big to Fail

Joined: Aug 8, 2008
Posts: 3146
Location: Cathair na dTreabh
47,113 on RS @ €253m for 2017,
17,300 on HAP @ €153m for 2017.
Of those on HAP:
Lone Parent with Children - 39%
Single/Single Sharing - 32%
Couple with Children - 25%
Couple/Couple Sharing - 4%


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 Post subject: Re: Rent supplement is in the crosshairs
PostPosted: Fri Jun 02, 2017 9:14 am 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 5556
Location: SthDub
mr_anderson wrote:
Barney Gumble wrote:
NegativeEquity wrote:
Dublin couple ‘sleeping in their car for three weeks’

http://www.irishtimes.com/news/social-a ... -1.2012427

How does Kitty Holland find all these car dwellers? She must spend her days knocking on the windows of anyone parked more than 30 seconds.



:lol:

The Indo is finding them now

Mother - whose partner drowned last year - and five children forced to live in car outside cemetery
http://www.independent.ie/irish-news/mo ... 80673.html
Quote:
Jennifer O'Regan has been sleeping in her car outside Kilcully cemetery in Cork with her children who range in age from three to 15. Ms O'Regan, originally from Farranree in Cork, previously lived in the UK before moving back home 15 months ago. Focus Ireland housed her in accommodation but she said they ended up in an "isolated" town in Co Clare.
She returned to Cork three months ago and has been attempting to access emergency accommodation. Her partner drowned last year.


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