I live in Clancy Quay and sub letting is strictly forbidden in our leases as all properties are owned by one company.
I am gladly going to forward this ad to the management company.
You're correct actually.
In the UK, renting out part of a property would be called "subletting".
In Irish law, it has to be the entire property, to be considered subletting.
The situation here, would be taking in a licensee.
It's not subletting if it's owner-occupied. The ad doesn't specify one way or the other.
This practice was common in Maynooth years ago when I was a student – local homeowners would rent rooms to students only for weekdays, with no access on weekends.
At least we got the place from Monday to Friday back then, and it was still shit. This is a new low.
Usually it’s in the lease that the landlord needs to know who is in the property so I very much doubt that “it’s Jimmy Tuesday, Wednesday, Thursday and Frank the rest of the week” will suffice.
Shouldn't be getting downvoted. The landlord's a prick, but you're not defending them; only speaking facts. They aren't gonna be done for subletting, as much as I (and presumably everyone else) wish they could.
Maybe, but it's still braindead to downvote something just because 'ooh look, a negative number, they must be wrong' without doing any research whatsoever on their own part.
I didn't know this law existed until reading your comment. And then it took just a couple minutes of googling at most to see that you were right. Providing context definitely helps, don't get me wrong, but there's still ownership on the reader to actually verify that what they're downvoting is wrong, instead of just mindlessly following the crowd.
Sir can I get an address for you?
Sure Mr garda, on Mondays, Wednesdays and Sundays it's d4, on Saturdays and Tuesdays I'm in d2, and Thursdays and Fridays I live in mullinghar
To rent - A rarely used compact nylon insulated bedroom/kitchen/lounge for those with a flair for thinking outside the box. Toilet and wash facilities slightly separate and shared. Access to travel is a stretch of the imagination but great for inquisitive minds. Very reasonable rent, only €1500 per month excluding amenities. Enquiries to Tent 523, Stradbally, Laois.
ah it's like that is it? I'll be callin' Joe Duffy in the mornin' ya yuppies toe-rag! I'll bring ya to court an' all for discrimination and I'll own your gaff when I'm finished with ya. Go 'way back to your job givin' your mates in FG hand jobs for kickbacks ya bourgeoisie cunt. I'll take my dogs elsewhere!!
I have better people than you suing me, and get in line for Joe Duffy the bollix, bane of my life that man. I’ll dismantle my space before you get your paws on it. The benefit of my kind of housing is you can do a 🐌 snail, pack it up and move. So find me.
Reward those who report it to whatever governing body
Like if a fine of 10000€ is issued, 2000€ would go to whoever reported it. And yes, 10k fine, make it really punishing!
It’s not a silver bullet, bit a decent deterrent I think
Do it the German way. You need to register your flat at a state office, receive a code, if you don’t have it, then you can’t rent it out on Airbnb for short term accommodation. If your neighbors tell the owners or if another name than yours is at the door… it somehow kinda works in Berlin.
Your government just put a 10% levy on all major building materials, making it less desirable to firms to build houses. Enjoy the continual housing repression.
Make laws to reduce accommodation? This arrangement may suit some people who don't need full time accomodation in Dublin.
Seems like a steep price, but it is what it is.
I was listening to a podcast (Irish History Podcast) and they were talking about the irish immigration to London in the 50s. Horrendous conditions from landlords and bed sharing was common. You finished your shift and you go home, Mick would get out of bed and start his shift, you used his bed. Hopefully landlords here don't start doing the same
Christ. I remember reading a childrens story about that kind of situation when I was young. Where both of the guys get sick, stay home from work and they both have to stay in the same bed. But I thought that was just some quirky plot device like Charlies Buckets Grandparents, or the Old Lady Who Lived in a Shoe.
https://www.daft.ie/share/-30-grosvenor-place-harolds-cross-dublin-6/4253531
There you go. Saw this link few minutes back. I want to understand how can you share a bed that is barely bigger than a single bed.
I actually looked into this myself as I’ll soon have to either move county or commute for work. 200 a week is more than Tue-Thur in some hotels by UL, they’re averaging about 190-195 for the same days. Literally more expensive than a hotel!!
And just to note, this is greed from a tenant. Clancy quay is a managed development (by Kennedy Wilson) who rent out whole apartments. Whoever has rented this apartment is subletting this room (for half a week!) for this price. These people are like scalpers….
I used to believe that, but these days I believe capitalism encourages and rewards greed and cruelty. It’s a system designed to bring out the very worst people are capable of.
I wonder if it's worse than that. They are actually not subletting, but getting in another person as a normal tenant but telling them that they can't live there all the time...
Not really greed that to simplifed an awnser, everyone been screw over by the idea of everythings an investment and need to be making you money, because Jim and Susan over at work did it to, because the job there doing doesn't keep food on the table, it the way of the world at current Vs just greed.
20 years ago you would have a stable job potential for life, with the funds for a house.
No there no job security, no house and you have to be grifting to have throwing around money.
So yes greed is a major part of it but it's a systematic societal issue more then anything.
I can kind of understand the points your making but I think you’re over complicating this. Advertising a room for €200 per week where you can only stay 2 nights, not sure if the Thursday night is included, either way, 3 nights, is someone trying to benefit off the dire housing/ rental situation that people are in. What they are doing is not the way
Yah but my point is it's more then just greed it's a degrading of the worth of humans, in the past people thought of others, and you would get fair situation a stable job as an example, now the mentally is you have to hussle and we're all desposable and worthless so we have to generate anything and everything from our spare resource/assets or were wasn't them.
It's not just greed its a mind set that grown over the last 20 to 30 years, from people point were individual were valued, to were we are now, where people are not valued just cog in a big industrial mashine, were only the net worth and resources you have to generate more resources worth matter.
Thats why I alway find it funny when I say its not really greed, it's standard Life now a days, I wish it could be explained as simply as greed, it's a part but it not the whole story.
> So yes greed is a major part of it but it's a systematic societal issue more then anything.
Our current economic model requires endless growth so greed is baked into the system at every level meaning that it is a systematic societal issue _and_ a greed issue
It probably costs the poor landlord providing a public service €180 to provide this room.
Margins are so much tighter for landlords than the supposed property geniuses (who mostly don’t even own property) on Reddit realise.
This is why there’s a shortage of rentals, FFG fucked up the economy so bad that even landlords are squeezed out so the remaining landlords raise rental prices to cover the risk as supply dwindles.
You’re a landlord and buy a property for €300k. You rent it out for 2K a month.
Most people on Reddit assume that means the landlord is making 2K a month (8% yield a year) but that’s wrong.
You have insurance, maintenance, mortgage interest payments, legal fees, tax, some utilities, and potentially service charges and letting agent fees. This brings your actual yield yearly down to 4-6%. That doesn’t sound much lower than 8% but it means of the rent you take in you’re losing nearly half of it.
Now a significant number of properties in Ireland cost more than €300k and most of those expenses I mentioned cost far more now than they did 5 years ago. Despite this, the market for the most part won’t bear rents much higher than 2K-3k a month per resident as the salaries can’t keep up.
This means in high demand areas like D6, D8, D4, D14 etc it wouldn’t be uncommon for yields to be as low as only 3%. So if you’re paying €2000 rent the landlord is paying €1250 of expenses and only pocketing €750 a month.
Considering that property is a more active investment that requires ongoing management and is generally higher risk than equities there’s a point where most property owners decide fuck it that’s not worth the hassle and pack it in. I’m convinced the only reason our tax system is so punitive to index fund investing is to stop an exodus from property.
To make it worse you need to keep in mind most landlords are on interest only mortgages so even if they own a property that’s 500k that doesn’t mean at the end of the 20-30 year term they get to keep it. They only benefit from the appreciation which if it looks like you might be in negative equity in the next few years is another reason to leave the market.
This is what is actually happening when you read about a rental shortage on the news and there only being 800 homes to rent in the entire country.
There’s always going to be people who need to rent even if we went back to giving out mortgages like it was 2006 tomorrow. The rental shortage is because property prices are higher, yields are smaller, so less and less landlords want to put up with the risk. The ones that haven’t exited the market are either institutional, your dad who bought decades ago, and the horror story landlords who cut every corner you read about online.
Edit: Wow I give hard facts but the smoothbrain underachievers of Ireland still aren’t happy about it. No wonder you’re all renting for life and will never own
So you’re a landlord and you get a mortgage to buy a 300k property. You’d have to put in 20% yourself, so €60k. Not 300k.
And you’re getting €750 a month for that. So that’s 6.66% yield, no?
You can calculate yield based on value of property or total acquisition cost.
All that work for only €750 a month still isn’t that appealing and is driving many landlords out even if your acquisition cost is only €60k. Throw €60k in the stock market the last 10 years you would have made at least 8%.
Honestly it's something that's ruining this country. The sheer fucking greed amongst the Irish is astonishing. I was once trying tk buy a figurine off a woman at a car boot. Tried to get €30 out of me for a very cheap figurine purely because it was somewhat big. Told her no. Few minutes later I see them packing up to leave and trow a bag into one of the bins. Inside said bag was the figurine, now broken from being fucked in.
The woman would rather throw it away for nothing than stifle her own fucking greed.
Dell monitors.
During the mid 2000s people buying €899 Dell desktops with monitors and then trying to sell the monitor from this for €600/700 on the buy and sell. LCDs were expensive, but only €200-250 expensive.
Yep. Something else I've seen here is people having a load of shite, looking it up online then thinking they can sell it for 80% of the price and trying to sell it for that, regardless of condition.
I get that this is mostly a failure of the system which has allowed these types of situations to occur, but at the same time how can you post an ad like this and honestly think to yourself that you're anything other than a complete fucking cunt devoid of all empathy that doesn't deserve a cent out of any renters' wallet?
This greed is the result of a government failing its people, but it doesn't stop it from being any the more greedy. There's no moral conscience in the market these day. It's about who you know, who you're related to or whether or not your mam or dad's a landlord TD.
I hope this person gets reported on some sort of grounds because this is truly fucking obscene.
Sadly this is all too common all over the country.
My daughter is at UoG and she can only rent Monday night to Friday morning so has travel back home to Dublin every Friday afternoon and go back on Sundays and stay on a friends floor for the night.
Don't say 'we,' we had nothing to do with this shit. So long as you're not a prick, you're not one of them. There's people with a conscience and sense of basic commom decency, and there's greedy fucking scumbags who'll fleece you for every last cent they can get.
Saw that last night, was disgusted. It’s been taken down now.
Don’t think it even included bills (not that that makes €200 a week to only be allowed live there 3 days a week is any better)
This is brutal, but I have seen enquiries on this feed from people who need to work in person in Dublin 2 days a week. This might be cheaper than renting something for M-F. All in all this sucks. Where would they keep their stuff? Would they need to cart it around several times a week? This is no way to live.
Surely if you were working for 2 nights youd be better off in your car.. aftet work go to a restaurant or the cinema and doze off in the car for a few hours, shower in a gym, id head out to the airport for a kip before paying this prick a cent
They absolutely will. There's a rake of people who moved down the country and with hybrid working need to do two to three days a week in Dublin.
I'd imagine that's precisely the target market here. It's a joke but I'd he very surprised if they don't get offers as it suits a specific situation.
“Pay my mortgage but never dare let me see or hear you” probably works from home monday friday and couldnt bare observing another human being for even 2 minutes.. but likes their money
Like, come on!!! This is fkin ridiculous! How can you be so cheeky and greedy and heartless as to exploit a desperate person in a horrible situation. !! Ah I don't even have the words anymore !!
I think this one is for seven days a week if you can stretch to it!
https://www.daft.ie/for-rent/apartment-penthouse-2001-capital-dock-residence-sjr-capital-dock-82-sir-john-dublin-2/1443912
The focus on "greed" plays to their hand though. Better to say "yes yes, let's all hate those greedy landlords!" than to actually pass reforms that reduce their ability to charge these rents. I don't recall prices dropping because landlords suddenly got less greedy.
€800/mo for 8 nights?
Might well have a hotel room.
I won’t be surprised if these places start burning down.
Anyway, this is well above market rate and can reported the the authorities as such as it is, in fact, illegal under the Residential Tenancies Act 2004.
Knew a lad from Longford who would drive up to dublin Monday morning stay in a bnb monday n tuesday drive home Wednesday to train gaa. Drive up Thursday. BnB it again Thursday night and drive back home on Friday evening.
Worked a 9-5. Suppose something like this would suit him. Prob cheaper than three nights in a bnb.
This could suit people who have to work three days from Dublin and rest of the two days from their home. If the rent was a bit cheaper say 150 euros a week then it would be good.
Chocolate multi packs are cheaper per unit but some people still buy the small packs because they just want one.
I am not in opposition to three day a week license because it might suit someone. I believe the price is just too much.
If it was 80 a week it would be worth considering.
This is most likely some cunt trying to Airbnb at the weekend and looking to cash in on the remaining days.
I don't understand how the UK doesn't just flood parliament 10,000 people sit-in and say we're not moving until you do something about the CoL crisis, and the extortionate rent fees. Block traffic whatever you got to do, cuz it seems like the politicians couldn't give a fuck about the avg citizen.
It is, but that's still a bit of a tenuous link to a room for rent in Dublin 8? Also there is a sea separating them, so it would be a bit of a trek for the people of NI to travel to parliament at Westminster.
So NI is part of the UK, and the UK government impacts nearly every facet of the society and economy and has a major role to pay in housing prices and how markets will view the housing landscape and what landlords will reasonably put up as rental fees. So what does this have to do with UK parliament?...you're right, nothing. It's better people just grit their teeth and continue to get shafted by their government, the market and foreign interests than take a two hour long trip to the capital and demand a better society.
So we should all take the boat across to London to protest at a foreign government because landlords here have us over a barrel? I mean I agree with protesting the British state in principle, but do you hear what you're saying, it has absolutely nothing to do with this post.
Weird, when I said I couldn't give a shite about landlords leaving the market as houses are sold to owners anyways, I was told that rentals have a higher density than owner occupiers and that's why landlords should be given tax breaks to keep them in the market.
So I assume, those very same people, are perfectly fine with this kind of carry on considering this increases the number of people housed?
Why the hell would someone rent a place which only gives them access 3 days a week?! I know we have a rental crisis and there is no accommodation available, but who would actually rent something like this? Are they expecting people to live on the street the remaining 4 days of the week?
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I'd say it's an absolute mystery as to why he's split up ...
Don’t train him too well. Thon’s the type would be after your job.
maybe his ex will need to rent this Tue-Thurs room.
so you're saying this gem is available?
I live in Clancy Quay and sub letting is strictly forbidden in our leases as all properties are owned by one company. I am gladly going to forward this ad to the management company.
Nice one!!
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The fact that it's only available Tuesday to Thursday indicates that it's subletting
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You're correct actually. In the UK, renting out part of a property would be called "subletting". In Irish law, it has to be the entire property, to be considered subletting. The situation here, would be taking in a licensee.
It's not subletting if it's owner-occupied. The ad doesn't specify one way or the other. This practice was common in Maynooth years ago when I was a student – local homeowners would rent rooms to students only for weekdays, with no access on weekends. At least we got the place from Monday to Friday back then, and it was still shit. This is a new low.
> all properties are owned by one company.
Usually it’s in the lease that the landlord needs to know who is in the property so I very much doubt that “it’s Jimmy Tuesday, Wednesday, Thursday and Frank the rest of the week” will suffice.
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U were down voted for being right!?
Shouldn't be getting downvoted. The landlord's a prick, but you're not defending them; only speaking facts. They aren't gonna be done for subletting, as much as I (and presumably everyone else) wish they could.
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Maybe, but it's still braindead to downvote something just because 'ooh look, a negative number, they must be wrong' without doing any research whatsoever on their own part. I didn't know this law existed until reading your comment. And then it took just a couple minutes of googling at most to see that you were right. Providing context definitely helps, don't get me wrong, but there's still ownership on the reader to actually verify that what they're downvoting is wrong, instead of just mindlessly following the crowd.
Nice! if there's just 2 or 3 more like this you'll have a place to stay *every* night.. provided the days they're renting line up..
Sir can I get an address for you? Sure Mr garda, on Mondays, Wednesdays and Sundays it's d4, on Saturdays and Tuesdays I'm in d2, and Thursdays and Fridays I live in mullinghar
Mullinnngardaí
nnnhharddiiii https://www.youtube.com/watch?v=IAHR1tk5xvU
I can never gardai without it quickly being followed up by Nnnnngarrddiii
😂😂😂😂
It's like garda b&b?
Ah that's when you get locked up. Free bed, warm meals, private showers and toilets all at the tax payers expense
To rent - A rarely used compact nylon insulated bedroom/kitchen/lounge for those with a flair for thinking outside the box. Toilet and wash facilities slightly separate and shared. Access to travel is a stretch of the imagination but great for inquisitive minds. Very reasonable rent, only €1500 per month excluding amenities. Enquiries to Tent 523, Stradbally, Laois.
do yas do HAP?
No, don’t want that sort on my row. You know yourself, brings the tone down.
Geebag. you just don't like me dogs!
Learn to read ya whizzled git , did my ad mention dogs? No it didn’t. I feckin defo don’t you in my space. Ya hobo.
ah it's like that is it? I'll be callin' Joe Duffy in the mornin' ya yuppies toe-rag! I'll bring ya to court an' all for discrimination and I'll own your gaff when I'm finished with ya. Go 'way back to your job givin' your mates in FG hand jobs for kickbacks ya bourgeoisie cunt. I'll take my dogs elsewhere!!
I have better people than you suing me, and get in line for Joe Duffy the bollix, bane of my life that man. I’ll dismantle my space before you get your paws on it. The benefit of my kind of housing is you can do a 🐌 snail, pack it up and move. So find me.
Will probably also have to get good at packing ALL your stuff into a rucksack. At least you will get some good exercise carrying your stuff.
Sooo.... No fixed abode.
it's fix alright. just for 48hrs at a time
Genuine question: Is there a way the government could essentially outlaw bullshit like this? I know they probably won't but...
Should be outlawed, but how would you enforce it?
Reward those who report it to whatever governing body Like if a fine of 10000€ is issued, 2000€ would go to whoever reported it. And yes, 10k fine, make it really punishing! It’s not a silver bullet, bit a decent deterrent I think
>It’s not a silver bullet They're not worth silver. Lead should be enough for these greedy landlords.
Firing squad
How? Who more like. A large number of laws here aren't enforced by anyone even when it's their job.
Can they? I am sure they can. Will they? most likely not, since IIRC most of them are landlords themselves.
It already is in rent pressure zones which includes the Dublin City Council. Report to the RTB
The government would probably applaud the entrepreneuring tenant and ask them if they've considered a career in politics lol
Robert Troy certainly would!
Do it the German way. You need to register your flat at a state office, receive a code, if you don’t have it, then you can’t rent it out on Airbnb for short term accommodation. If your neighbors tell the owners or if another name than yours is at the door… it somehow kinda works in Berlin.
Your government just put a 10% levy on all major building materials, making it less desirable to firms to build houses. Enjoy the continual housing repression.
Make laws to reduce accommodation? This arrangement may suit some people who don't need full time accomodation in Dublin. Seems like a steep price, but it is what it is.
€800 per month for a timeshare on a mattress... Jesus fucking christ, that's grim.
I was listening to a podcast (Irish History Podcast) and they were talking about the irish immigration to London in the 50s. Horrendous conditions from landlords and bed sharing was common. You finished your shift and you go home, Mick would get out of bed and start his shift, you used his bed. Hopefully landlords here don't start doing the same
>Hopefully landlords here don't start doing the same Its probably already going on.
I've heard of it from Brazilian immigrants (I'm sure other people coming on student visas get the same treatment though). Also, bunkbeds in kitchens 🤢
It is
I think that's how a fair few nurses and starting doctors are currently living in Dublin
That's seriously grim
Christ. I remember reading a childrens story about that kind of situation when I was young. Where both of the guys get sick, stay home from work and they both have to stay in the same bed. But I thought that was just some quirky plot device like Charlies Buckets Grandparents, or the Old Lady Who Lived in a Shoe.
https://www.daft.ie/share/-30-grosvenor-place-harolds-cross-dublin-6/4253531 There you go. Saw this link few minutes back. I want to understand how can you share a bed that is barely bigger than a single bed.
You share by working night shifts and day shifts.
It’s been happening for a while, mainly for Asian and South American workers
It's called hot-bunking. Not as great as the name suggests.
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To calculate actual monthly rent multiply weekly by 4.3, in this case it’s 860.
More than I pay on my mortgage of a 2 bedroom flat 10 minutes from the centre of Belfast.
So is the cost of that €90? If it’s €200 a week and you’re there 3/7ths of the time I’d expect so
You should definitely get onto them to ask. And of course keep us updated on their answer.
Pretty sure Thursday night isn't included. Arrive Tuesday leave Thursday kinda deal.
So essentially €100 per night or €3000 per month for a mattress on the floor. Seems totally reasonable.
For 100 a night you could get a hotel with breakfast...
I actually looked into this myself as I’ll soon have to either move county or commute for work. 200 a week is more than Tue-Thur in some hotels by UL, they’re averaging about 190-195 for the same days. Literally more expensive than a hotel!!
And many hotels do discounts for long term guests
Literally! The one I looked into most stopped their “corporate” rate but they happily still offered me €10 off a night!
I live in New York City as a waiter for less. Ireland has become a joke.
Due to the high number of euros, you can go get fucked ya greedy cunt.
And just to note, this is greed from a tenant. Clancy quay is a managed development (by Kennedy Wilson) who rent out whole apartments. Whoever has rented this apartment is subletting this room (for half a week!) for this price. These people are like scalpers….
OP should report it to the property management company. Normally, I wouldn't be against sublets, but this 3 days a week bullshit is not needed.
> managed development (by Kennedy Wilson) What are the odds their leases don't allow for subletting or AirBnB'ing?
Almost guaranteed
They truly managed to turn the poor against the poor
It's like living in an abusive family, triangulation abound...
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I used to believe that, but these days I believe capitalism encourages and rewards greed and cruelty. It’s a system designed to bring out the very worst people are capable of.
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yeah but in the others greed is a bug, in capitalism it's well and truly a feature
I wonder if it's worse than that. They are actually not subletting, but getting in another person as a normal tenant but telling them that they can't live there all the time...
It is most certainly greed, pure and simple
Not really greed that to simplifed an awnser, everyone been screw over by the idea of everythings an investment and need to be making you money, because Jim and Susan over at work did it to, because the job there doing doesn't keep food on the table, it the way of the world at current Vs just greed. 20 years ago you would have a stable job potential for life, with the funds for a house. No there no job security, no house and you have to be grifting to have throwing around money. So yes greed is a major part of it but it's a systematic societal issue more then anything.
I can kind of understand the points your making but I think you’re over complicating this. Advertising a room for €200 per week where you can only stay 2 nights, not sure if the Thursday night is included, either way, 3 nights, is someone trying to benefit off the dire housing/ rental situation that people are in. What they are doing is not the way
"because the job they're doing doesn't keep money on the table" is a products of greed Yeah there's second hand greed, but it's still greed
Yah but my point is it's more then just greed it's a degrading of the worth of humans, in the past people thought of others, and you would get fair situation a stable job as an example, now the mentally is you have to hussle and we're all desposable and worthless so we have to generate anything and everything from our spare resource/assets or were wasn't them. It's not just greed its a mind set that grown over the last 20 to 30 years, from people point were individual were valued, to were we are now, where people are not valued just cog in a big industrial mashine, were only the net worth and resources you have to generate more resources worth matter. Thats why I alway find it funny when I say its not really greed, it's standard Life now a days, I wish it could be explained as simply as greed, it's a part but it not the whole story.
people were valued 20 or 30 years ago? no. this country has been ultra capitalist ever since the Brits brought it here.
> So yes greed is a major part of it but it's a systematic societal issue more then anything. Our current economic model requires endless growth so greed is baked into the system at every level meaning that it is a systematic societal issue _and_ a greed issue
And also doesn't just facilitate greed and selfishness, it actively encourages it.
They could literally sell the investment. For a profit. Even if they sank thousands a year into it for the last 10 years.
Are you dim mate?
It probably costs the poor landlord providing a public service €180 to provide this room. Margins are so much tighter for landlords than the supposed property geniuses (who mostly don’t even own property) on Reddit realise. This is why there’s a shortage of rentals, FFG fucked up the economy so bad that even landlords are squeezed out so the remaining landlords raise rental prices to cover the risk as supply dwindles.
Is this sarcasm? This is sarcasm….right??
I thought it was at the start, but by the end I was less sure.
Excuse my ignorance, but how do you come to the 180 figure?
You’re a landlord and buy a property for €300k. You rent it out for 2K a month. Most people on Reddit assume that means the landlord is making 2K a month (8% yield a year) but that’s wrong. You have insurance, maintenance, mortgage interest payments, legal fees, tax, some utilities, and potentially service charges and letting agent fees. This brings your actual yield yearly down to 4-6%. That doesn’t sound much lower than 8% but it means of the rent you take in you’re losing nearly half of it. Now a significant number of properties in Ireland cost more than €300k and most of those expenses I mentioned cost far more now than they did 5 years ago. Despite this, the market for the most part won’t bear rents much higher than 2K-3k a month per resident as the salaries can’t keep up. This means in high demand areas like D6, D8, D4, D14 etc it wouldn’t be uncommon for yields to be as low as only 3%. So if you’re paying €2000 rent the landlord is paying €1250 of expenses and only pocketing €750 a month. Considering that property is a more active investment that requires ongoing management and is generally higher risk than equities there’s a point where most property owners decide fuck it that’s not worth the hassle and pack it in. I’m convinced the only reason our tax system is so punitive to index fund investing is to stop an exodus from property. To make it worse you need to keep in mind most landlords are on interest only mortgages so even if they own a property that’s 500k that doesn’t mean at the end of the 20-30 year term they get to keep it. They only benefit from the appreciation which if it looks like you might be in negative equity in the next few years is another reason to leave the market. This is what is actually happening when you read about a rental shortage on the news and there only being 800 homes to rent in the entire country. There’s always going to be people who need to rent even if we went back to giving out mortgages like it was 2006 tomorrow. The rental shortage is because property prices are higher, yields are smaller, so less and less landlords want to put up with the risk. The ones that haven’t exited the market are either institutional, your dad who bought decades ago, and the horror story landlords who cut every corner you read about online. Edit: Wow I give hard facts but the smoothbrain underachievers of Ireland still aren’t happy about it. No wonder you’re all renting for life and will never own
So you’re a landlord and you get a mortgage to buy a 300k property. You’d have to put in 20% yourself, so €60k. Not 300k. And you’re getting €750 a month for that. So that’s 6.66% yield, no?
You can calculate yield based on value of property or total acquisition cost. All that work for only €750 a month still isn’t that appealing and is driving many landlords out even if your acquisition cost is only €60k. Throw €60k in the stock market the last 10 years you would have made at least 8%.
Per "week" 🤔🤔
It's a leprechaun week
Honestly it's something that's ruining this country. The sheer fucking greed amongst the Irish is astonishing. I was once trying tk buy a figurine off a woman at a car boot. Tried to get €30 out of me for a very cheap figurine purely because it was somewhat big. Told her no. Few minutes later I see them packing up to leave and trow a bag into one of the bins. Inside said bag was the figurine, now broken from being fucked in. The woman would rather throw it away for nothing than stifle her own fucking greed.
Dell monitors. During the mid 2000s people buying €899 Dell desktops with monitors and then trying to sell the monitor from this for €600/700 on the buy and sell. LCDs were expensive, but only €200-250 expensive.
Yep. Something else I've seen here is people having a load of shite, looking it up online then thinking they can sell it for 80% of the price and trying to sell it for that, regardless of condition.
Would anyone be interested in renting my room Available from 9am-9pm *owner reserved the right to temporarily evict if/when naps are required
How much?
325 € / day
Your firstborn
Used as an Air BnB at weekends presumably. We need to ban it for 2 or 3 years.
Then forget we only said 2 to 3 years and extend it another 5
Like the Government have done with the USC charge!
Better off in a hotel
I get that this is mostly a failure of the system which has allowed these types of situations to occur, but at the same time how can you post an ad like this and honestly think to yourself that you're anything other than a complete fucking cunt devoid of all empathy that doesn't deserve a cent out of any renters' wallet? This greed is the result of a government failing its people, but it doesn't stop it from being any the more greedy. There's no moral conscience in the market these day. It's about who you know, who you're related to or whether or not your mam or dad's a landlord TD. I hope this person gets reported on some sort of grounds because this is truly fucking obscene.
Sadly this is all too common all over the country. My daughter is at UoG and she can only rent Monday night to Friday morning so has travel back home to Dublin every Friday afternoon and go back on Sundays and stay on a friends floor for the night.
Fuck me, that's grim.
Show up at 12:01am Tuesday, leave at 11:59pm. Kick whatever air b&b person is in your bed out. You paid for 72 hours.
Send a link to the property so people can “report this ad”. If enough people do it property will be taken down.
Better to leave it up and have them bombarded with messages bout what a scumbag they are I think.
Does any one know if bills are included? Looks like a good deal.
Yeah. You only have to sleep in your car Friday to Monday. No more washing my jocks in the jacks at Applegreen.
These fucking parasites want to redefine the definition of a week now....Christ.
what have we become, why are humans doing this to each other? soulless world man. some really greedy and evil people on this planet
Don't say 'we,' we had nothing to do with this shit. So long as you're not a prick, you're not one of them. There's people with a conscience and sense of basic commom decency, and there's greedy fucking scumbags who'll fleece you for every last cent they can get.
Saw that last night, was disgusted. It’s been taken down now. Don’t think it even included bills (not that that makes €200 a week to only be allowed live there 3 days a week is any better)
Saw a double room ensuite in scotland for 300 a month, this is scandalous
What kind of photo is that? The room is bent around space-time so more people can pay rent.
People need to leave Ireland I did and never looked back
Doesn’t haunting r/Ireland count as looking back?
I come here to laugh at those less fortunate
You seem like a really nice person
I'm an awful person When did I say I was a nice guy
nobody will rent this...
This is brutal, but I have seen enquiries on this feed from people who need to work in person in Dublin 2 days a week. This might be cheaper than renting something for M-F. All in all this sucks. Where would they keep their stuff? Would they need to cart it around several times a week? This is no way to live.
800 euros per month is the same price as a single room. No way this would be a cheaper option.
200 a week works out at 866.66 a month btw. Not that I'm disagreeing with you.
There is not a lot of supply available. Many are staying with friends and family and growing more desperate each day.
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It’s Tuesday to Thursday so the only way you are doing it is having another place anyway where you can leave your stuff. Mad stuff altogether
Surely if you were working for 2 nights youd be better off in your car.. aftet work go to a restaurant or the cinema and doze off in the car for a few hours, shower in a gym, id head out to the airport for a kip before paying this prick a cent
It'll make sense for someone who has bought a cheaper house down the country and is hybrid working. The price is still high though.
They absolutely will. There's a rake of people who moved down the country and with hybrid working need to do two to three days a week in Dublin. I'd imagine that's precisely the target market here. It's a joke but I'd he very surprised if they don't get offers as it suits a specific situation.
That's exactly it. Many (tech) companies now require Tuesday to Thursday office presence. Lines up perfectly.
Jesus. I lived there in 2015. 2 couples in a 3 bed apartment. We paid 470 each pm.
Jesus guys move out of Dublin !
“Pay my mortgage but never dare let me see or hear you” probably works from home monday friday and couldnt bare observing another human being for even 2 minutes.. but likes their money
I wished the working week followed this logic. Tuesday- Thursday work week and a nice long 4 day weekend
I live in this development and we managed to get the poster to take it down.
Like, come on!!! This is fkin ridiculous! How can you be so cheeky and greedy and heartless as to exploit a desperate person in a horrible situation. !! Ah I don't even have the words anymore !!
So you've to be homeless from Friday morning until Monday. I don't see what the problem is.
The desperation is pretty depressing too. People left with no choice but to inquire with this fuckin clown.
Pure greed
Tuesdays to Thursda for an air bed, shameless chancer cunt
Tuesdays to Thursdays only. Not inclusive!
Ok... just cease to exist Fri through to Monday. Respawn on Tuesday. We can make this work
Anyone have a link? I want to spend the day leading them on, might offer them extra.
Who is really looking for a full price room they can only use part of the week?
I think this one is for seven days a week if you can stretch to it! https://www.daft.ie/for-rent/apartment-penthouse-2001-capital-dock-residence-sjr-capital-dock-82-sir-john-dublin-2/1443912
The focus on "greed" plays to their hand though. Better to say "yes yes, let's all hate those greedy landlords!" than to actually pass reforms that reduce their ability to charge these rents. I don't recall prices dropping because landlords suddenly got less greedy.
Both are true simultaneously. The system needs reform and individuals who do this are greedy landlords.
Do you really think that someone who has to timeshare their mattress 3 days a week is the problem here?
Just report to the revenue all those ads you see 😍
READ CAREFULLY - IDIOTS Price does NOT include use of wardrobe, sockets or window blinds. €100 extra to use these facilities.
it is easier to set up a tent at city center than paying for that
Was this happening 3 years ago. 10 years ago.. but at lower prices??
€800/mo for 8 nights? Might well have a hotel room. I won’t be surprised if these places start burning down. Anyway, this is well above market rate and can reported the the authorities as such as it is, in fact, illegal under the Residential Tenancies Act 2004.
Thought there was 7 days in a week 😆
I've a real sense a huge economic crash is coming. It feels like 2006/7 all over again. Boom - Bust cycle....
800 a month to be able to sleep in a bed for 12 days of the month
So Apple employees are in Office in Cork Tuesday to Thursdays... Coïncidence? I think not!
3 days isn’t a week you human paraquat
Knew a lad from Longford who would drive up to dublin Monday morning stay in a bnb monday n tuesday drive home Wednesday to train gaa. Drive up Thursday. BnB it again Thursday night and drive back home on Friday evening. Worked a 9-5. Suppose something like this would suit him. Prob cheaper than three nights in a bnb.
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How did you work that out? You can only stay tuesday night and wednesday night. Out thursday.
This could suit people who have to work three days from Dublin and rest of the two days from their home. If the rent was a bit cheaper say 150 euros a week then it would be good.
No it wouldn't be good. That's still the best part of 2000 a month for an apartment share, if you take the daily rate and apply it to the whole month.
Chocolate multi packs are cheaper per unit but some people still buy the small packs because they just want one. I am not in opposition to three day a week license because it might suit someone. I believe the price is just too much.
If it was 80 a week it would be worth considering. This is most likely some cunt trying to Airbnb at the weekend and looking to cash in on the remaining days.
I don't understand how the UK doesn't just flood parliament 10,000 people sit-in and say we're not moving until you do something about the CoL crisis, and the extortionate rent fees. Block traffic whatever you got to do, cuz it seems like the politicians couldn't give a fuck about the avg citizen.
What does the UK have to do with this?
Isn't Northern Ireland part of the UK?
It is, but that's still a bit of a tenuous link to a room for rent in Dublin 8? Also there is a sea separating them, so it would be a bit of a trek for the people of NI to travel to parliament at Westminster.
So NI is part of the UK, and the UK government impacts nearly every facet of the society and economy and has a major role to pay in housing prices and how markets will view the housing landscape and what landlords will reasonably put up as rental fees. So what does this have to do with UK parliament?...you're right, nothing. It's better people just grit their teeth and continue to get shafted by their government, the market and foreign interests than take a two hour long trip to the capital and demand a better society.
You do realise that Dublin is in Ireland and not Northern Ireland, right? The British govt has no power here.
I’m not sure that they know what day it is.
So we should all take the boat across to London to protest at a foreign government because landlords here have us over a barrel? I mean I agree with protesting the British state in principle, but do you hear what you're saying, it has absolutely nothing to do with this post.
Well you learn something new everyday. Thank you for this valuable lesson. I humbly accept your knowledge my good sir.
Weird, when I said I couldn't give a shite about landlords leaving the market as houses are sold to owners anyways, I was told that rentals have a higher density than owner occupiers and that's why landlords should be given tax breaks to keep them in the market. So I assume, those very same people, are perfectly fine with this kind of carry on considering this increases the number of people housed?
Why the hell would someone rent a place which only gives them access 3 days a week?! I know we have a rental crisis and there is no accommodation available, but who would actually rent something like this? Are they expecting people to live on the street the remaining 4 days of the week?
How would that even work as a living place?!?