25,000 properties on the market is the equivalent to one years stock that is being produced.
Fair play to them.
25,000 properties on the market is the equivalent to one years stock that is being produced.
Fair play to them.
The only problem with banning air b and b is all the hotels are either full of homeless/refugee families or are outrageously expensive so air b and bs are the only places keeping tourism going.
Would this be like Dublin City Council with 6k employees and which includes a large housing support department who canât collect debts?
https://www.dublinlive.ie/news/dublin-news/almost-40-million-owed-dublin-25524294
Employees rarely let go.
Good to see youâre still going on about Air BnB despite me furnishing you with the details on how irrelevant it is.
Except of course it clearly is not 25k, as COVID showed. It Dublin it is a max 3k.
The vast majority of Air BnBs are casual let outs and seasonal. For example the person who rents to students 8 months a year and then takes advantage of the summer months. Air BnBs earnings are substantially driven in the third quarter annually where the number of listings spikes.
It isnât going to solve any structural deficit in homes to stop these, like it or not.
Two stupid points in the one post there.
How many people do you think should be employed to administer a city the size of Dublin? How many do you think should be fired?
Your arguments about air BnB arenât accepted by anyone. First, equity. But even if itâs just 3k, that would make a difference to a lot of people. They should be brought back to the rental market immediately or CPOed.
How is it stupid? A quite typical post from you ignoring FACTS and just using labels.
DCC has 21 executive housing officers and dozens of support offices charged with collecting arrears. They consistently fail to do this despite being very well resourced.
Why not instead of making mealy mouthed pleas for âresourcesâ, come up with better proposals than charging dozens of pen pushers in each council to chase people on Air BnB.
The regulation of the taxi industry is an example of this. They are not perfect but we are far better off with a centralised regulator putting pressure on network effect apps like FreeNow. The fact is that we have one major platform in Air BnB and the obligation and onus should be put on them to adhere to regulations surrounding it.
I am open to all regulatory suggestions you might have on that along with punitive tax rates. I have already said that I think the regulations donât go far enough.
The key point here though is that again this is simply a method for non serious people to show virtue. It is not 25k homes. The housing issues did not cease during the period when Air BnB ceased to be a worthwhile option in Dublin. Hiring more people to dozens of public agencies wonât do anything of substance.
All of this is a distraction for the real problems- how do we encourage more construction?
How do you know they are well resourced?
Theyâre stupid points because youâve jumped to two conclusions that donât follow from the information you presented.
A typical organisation will require 2.5 FTEs collecting debts for every one billion of revenue they collect.
DCC collects less than 100m per annum in pure rent from tenants.
There are other sources of income (rates, government etc) but they have different people charged with collection. There is 21 executive housing officers charged with management of rent accounts, with support officers underneath them.
https://councilmeetings.dublincity.ie/mgConvert2PDF.aspx?ID=35483
If you look at that annual report you will also see that it costs over âŹ8m annually to just administer rent DCC receive. So for every âŹ100 it costs them âŹ8 to collect, a crazy high amount.
Anything else @glasagusban?
Bit optimistic there. Youâd need a substantially automated O2C process to achieve that.
Complexity reduced by electronic payments. A typical KPI in the private sector in a Real Estate Management company is cost of collection and arrears, something DCC fairs badly at.
Tbf it is challenging given the nature of it- but the key point is it the best way to be doing it? It makes no sense to hire loads of Air BnB planning chasers to sit on the platform all day. The first point has to be is the regulatory suite fit for purpose? The second is what is the best way to enforce it?
Think about something like Air BnB. They could quite easily be charged with AML like requirements to ensure people renting out have the necessary planning. They could be charged with collecting additional taxes on it (like VAT). It really doesnât come down to just throwing bodies at it.
Are genuinely trying to pretend that what you presented there is comparable to the job the Council does or are you just playing silly buggers?
Whoever suggested that? Should be simple enough to require air BnB to hand over all their records. It would be easy to enforce compliance then.
We sHoULd B SuEIng ApPle
Lads ating goose Christmas Day and neâer an egg for Easter.
To what job?
Finally weâre getting somewhere. No issue with suggesting actual methods for improving compliance- not nonsense excuses like âresourcingâ.
To be clear though, it will make little difference to the housing issue we face.
Apparently it is very very difficult for a stack of council employees to collect rent off a defined relatively small list of tenants but the same or similar council employees will find it handy enough to pursue Air BnB landlords if they just get the info
Whatâs difficult to comprehend about that? Iâd say itâs a difficult task to manage tens of thousands council tenancies. Iâd also say that if the appointed regulator is sufficiently informed, has appropriate powers and is adequately resourced they could enforce regulations on air BnB. The current regulations are clearly too light touch.
The avg is fairly irrelevant some difference between 10x 100m customers or 100000 x 10k customers?