Under a free market landlord will be left to regule themselve as in england. The power that be will not want to upset this sector as thay have no housing stock

Good man ibis, saves me a hunt through various sites looking for it! 8)

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Je suis un loo-lah

Ah this will be the next property swindle. There has already been rumblings of the government buying large quantities of houses from developers at current market value to use for social housing and to build up a housing stock. How big a waste of tax payers money can you get whilst still managing to bail out the developers.

The ideal is still be to own your home. But in the interim, the rental sector is where thousands will be forced to inhabit and they will be exposed to near criminal exploitation by greedy landlords.

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Voters don't decide issues, they decide who will decide issues.

George Will

I now a landlord in plymonth, england. who, when a housing inspector told him to fix the toilet, bath and sink in a WC. The landlord told him, he was shutting down and the council would have to house 30 men. Nothing more was haerd of from or of the inspector. And nothing improved.

I have a number of quick observations on this excellent thread.

1) Tenancy laws have been strengthened by the Private Residential Tenancy Board.
2) Repossession is not the weapon of choice for banks eg it takes about 18 months when fought in Court. Other creditors will continue to rely on judgment mortgages as it provides 12 years within which to collect.
3) I find the idea of 100,000 builders, electricians, other tradesmen signing on the dole completely ludicrous. There will either be sufficient work in infrastructure, renovation, improvement of they will move to an economy which will support them eg Olympic village, Southern England, Germany etc.
4) Very few immigrants are a burden on the State – they are net contributors. Many will settle here and continue to be productive. Others may move on to other countries in the EU in 2009/10 which were not previously available, some may return to their native land.
5) Describing house price growth/loss in terms of an elastic band, does seem unduly simplistic and ignores that, while the rental sector stagnation betrays a bubble, there is also a demand led basis for price increases eg age profile, immigrants, preference of Irish people to buy than rent.
6) The laws of economics can be ignored for a while but do come back to bite you on the arse in the long run.
7) Those that bought residential property just to “get on the ladder”, deserve to fall. As individuals they took a risk, live with it.
8) Those who are now screaming that people should not buy any property now (“get off the ladder brigade”)without giving any proper analysis of the subjective circumstances of the individual/couple of their location are as bad as the punch-drunk cheerleaders for growth
9) Will those whom predict property price decrease of 30% be selling their homes now and renting it back. Of Course not.
10) Will those, such as 300,000 public sector workers, who are on secure income, who bought well built, suitably sized property in good locations in which they can afford to pay their mortgages (allowing for a 15% increase) and are prepared to stay for 3 to 5 years, now start panicking? Are they right to do so?
11) Is there any chance that given this new current economic forecast, will we engage in a re-think of our economic strategy eg less State ownership, reduction in number of public sector workers, removal of guarantee of State pensions for new public sector workers, greater investment in indigenous entrepreneurs (particular non-US exporters), a new approach to current government spending (including accountability for waste), improving competitiveness, forcing unemployed (6months +) to work, restrictions on personal credit etc (any other suggestions welcome)?
Answer: Will we F*&K (as the Bailey brothers might say).

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We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns — the ones we don't know we don't know.

For sure. BUT THEY WILL NOT BE WORKING IN THE IRISH ECONOMY. Which is the point as Morgan Kelly pointed out on PrimeTime last night where he agreed absolutely (in fact he almost parroted) what I said earlier yesterday on this thread that Construction employment can drop like a stone in a matter of months. He used the example of Arizona as is currently occuring over there!

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Seabhcan on EU Enlargement and the Lisbon Treaty: "There is no shortage of cheap labour - Turkey isn't needed."

1) Tenancy laws have been strengthened by the Private Residential Tenancy Board.
The vast majority of landlord are not registered with the PRTB. And most tenant do not now of them. Some of those unregistered landlords are TD's who now of it as well!

Also, a landlord can just say he wants to sell a house or to give it to a family member to live in and he can get the tenants out in 4 weeks, which is not much tenancy protection.

Great thread this from Cochrane. Mistitled though as since its inception Dublin city centre apartment prices then should have dropped by 22.5K.

Has that happened?

Still have to see the Daft Q1 residential sales figures, but it is a mixed bag.

From Daft (this mainly deals with renting)
http://www.daft.ie/report/Daft-Rental-R ... h-2007.pdf

New developments: average City Centre €373,333
Rent Yields: 3.7%
Rents Dublin 1 to 8 Vary between €894 to €1178.

To compare these two
http://www.daft.ie/report/DaftReport-Q32006.pdf
http://www.daft.ie/report/DaftReport-Q42006.pdf

City centre increase from €317,159 to €320,417 (1% increase, but 0.25% decrease IRT)
North City increase from €293,820 to €302,439 (3% increase but 1.75% increase irt)
South city decrease from €339,873 to €311,969 (10% decrease IRT)
(based on 1.25% inflation over a quarter)

However as was pointed out ages ago, a one-bed price variation is distorted by the size of the apartment, own door and precise location eg ISFC v Liberties. So an average of apartments is dependant on when the apartments are released and is inherently unreliable.

But which is better as a long term investment, a one-bed new apartment where one can walk into Dublin City centre or a 3 bed house, in a estate, 3 miles from some village no-Dub ever heard of, with no transport links covering the 35 miles to Dublin?

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We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns — the ones we don't know we don't know.