Housing Crisis: Rent Controls Now

Housing Crisis: Rent Controls Now
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Housing Crisis: Rent Controls Now
The tenants in Dublin Ireland are tired of the exorbitant exploitation from the landlords. They have decided to undertake peaceful demonstration tomorrow, on 26th November 2016, to pressurize the government to take action in controlling the rent rates subjected to the tenants. The protestors have many claims relating to their conditions regarding the rental houses apart from the rent prices. The situation has gone wild with the rent charged being increased daily. The reason behind the worsening situation is the inadequate number of available property to rent. In Dublin, there were only 1, 100 spaces available by the match of August (Taylor, 2016). Even the students in the country have faced it rough as they cannot decide where to live and study because of the limited residential premises.
The citizens are going to the streets to complain about the sector that has been ignored by the government, yet it touches their daily lives. There is an increased number of homeless families in Dublin with students lacking houses for rental since the prices have gone up. The sector remained unattended to with a perception that those who rented were the unfortunate group. The David Ehrlich, the CEO of Ires Reit, warned of the impending danger of imbalanced supply and demand for residential houses, the government did not listen (Taylor, 2016). There are limited number of construction activities going on in the town to deal with the rental problem.

The government of Britain used a simple policy of flooding the market and excluded itself from controlling the issue of rent. The Ireland government took some initiatives in November, but they have not been fruitful. The government failed to listen to MR. Crowley who argued that the government could help reduce this problem by reducing the parking spaces in towns for the construction of rental houses.
The citizens want the government to step in to deal with the institutional landlord such as the Hibernia, and Ires who have set up apartment blocks in Dublin have gone a further mile of increasing the prices as they wish. Tenants are finding it unsustainable to survive with such increased rates. People will be on the street to seek their government to embark on serious strategies to bring back the situation to normality. For instance, they believe that the government can save them by capitalizing on social houses which will at least be affordable for every citizen living in the town. Irish Property Owners’ Association (IPOA) indicates that the government had failed its people by relying on the private rental market which has been on growth in the recent past (Taylor, 2016). More than 40,000 private landlords left the sector to the private owners in the years between 2012 and 2015. Tenants continue to suffer because of the poor policies of the government, where there has been a reduction in the relief and increased property tax. The landlords have transferred the risk to the customers through increased prices to cater for the increased cost. Moving away of the many investors in the rental sector has impacted negatively on the situation in Dublin, Ireland. In fact, Mike Allen, who is the director of advocacy of Focus Ireland points out that the landlord did not earn much profit due to the increased charges levied on them by the government. Indeed it is a high time for the government to wake up and hear the cries of its people and solve the rental problem once and for good.
Reference
Taylor, C. (2016). No quick fix for home rental crisis, say experts. The Irish Times. Retrieved 25 November 2016, from http://www.irishtimes.com/business/economy/no-quick-fix-for-home-rental-crisis-say-experts-1.2768185