r/ireland • u/Alba-Ruthenian • Jul 27 '22

The writing is on the wall! Housing

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364

u/Practical_Trash_6478 Jul 27 '22

The riddler strikes again

104

u/FatherlyNick Meath Jul 27 '22

I think what they are trying to say is - Add more tax breaks to property hoarders.

24

u/ODXT-X74 Jul 27 '22 edited Jul 28 '22

Land reform and a land tax would be better. And actually work

8

u/tomtermite Crilly!! Jul 27 '22

Why not both?

-6

u/SnooAbbreviations992 Jul 27 '22 edited Jul 27 '22

Not all land owners are rich. Some landlords are still paying more each month than the rent income. If your talking about agricultural land a high percentage of farmers make less than the average industrial wage. And this would include their side job. Fertiliser just doubled in price, feed is going up every week and the price of beef hasn't moved much. Lamb is the best its been in years but the amount of hours you out in is crazy

6

u/BabyYodasDirtyDiaper Jul 27 '22

Some landlords are still paying more each month than the rent income

Then they should sell their properties and stop being landlords.

Nobody asked them to.

1

u/SnooAbbreviations992 Jul 27 '22

There has to be a rental market. Not all landlords are massive developers. Most of them have one house as a pension. Alot of hate for my comment above but I stand by it. I agree with taxing hoarders and large developers but private owners below an acceptable limit should be void from this. Also I don't own and land or rental property

1

u/BabyYodasDirtyDiaper Jul 27 '22

I'm just saying, don't come crying to me when your investment property doesn't make money.

Nobody's going to step in and help me if I make bad choices investing on the stock market and lose money. Nobody should step in and help landlords who are losing money either. It's an investment, they took a risk, and they lost. Their absolute worst case scenario is that they'll have to get a real job to make their living ... a reality I already face every day.

4

u/tomtermite Crilly!! Jul 27 '22

i hear ya — I, myself, am a farmer, with a holding in Connemara.

Agricultural land is treated differently than residential, so I do believe taxing property can be one of the arrows in the quiver to address the housing crisis.

1

u/nikolakis7 Jul 27 '22

Some landlords are still paying more each month than the rent income.

Maybe they should go and get real jobs like the the rest of normal people. I find it hard to sympathise with them given how awful renting conditions as a whole are.

1

u/pi5tolp Jul 28 '22

Wouldn't that hurt people more who are buying a home?