Mass Eviction at Cork Apartments

[Donald Trump]

drucker... for the first time in 15 odd years... i agree with you... mostly

X 2.

Cleaning house, pardon the pun.

 

[Drucker]

Did you suggest a 9% return as being enough?

That’s a return on capital invested. And I merely asked “how much is enough?”


I wouldn’t dream of suggesting how much profit should be made. But.

How much is enough?

 

[TopicGrinder]

That’s a return on capital invested. And I merely asked “how much is enough?”


I wouldn’t dream of suggesting how much profit should be made. But.

How much is enough?

I wouldn't dare suggest what profit someone should make of their own investment.

 

[Drucker]

I wouldn't dare suggest what profit someone should make of their own investment.

The analogy of a bar or a shopkeeper that you made earlier interests me.

They buy stock and sell it on for as much as they can get.

The building we are discussing here, I would suggest is being bought as an “active asset management,” opportunity and was pitched as an opportunity to grow the asset in value.

So the 9% return on the capital invested will, I am sure, fund the repayment of the mortgage used to buy the property.

The apartments are the stock. They will I have no doubt be sold on at a profit.

I have no issue whatsoever with the profit the purchasers will make when they come to sell, particularly when they offset the costs of “refurbishment.”

But the worry and undue stress they are putting the tenants through in the process of realising that profit is something I am uncomfortable with: I suppose if a shop was selling stock produced in a sweatshop at a high profit, then I would be similarly uncomfortable.

But that’s just me.

You can be a Capitalist but you can also have a conscience

 

[doppellanger]

I wouldn't dare suggest what profit someone should make of their own investment.

In Germany if the landlord refurbishes an apartment, he can only increase the annual rent by 11% of what the refurbishment cost.

 

[TopicGrinder]

The analogy of a bar or a shopkeeper that you made earlier interests me.

They buy stock and sell it on for as much as they can get.

The building we are discussing here, I would suggest is being bought as an “active asset management,” opportunity and was pitched as an opportunity to grow the asset in value.

So the 9% return on the capital invested will, I am sure, fund the repayment of the mortgage used to buy the property.

The apartments are the stock. They will I have no doubt be sold on at a profit.

I have no issue whatsoever with the profit the purchasers will make when they come to sell, particularly when they offset the costs of “refurbishment.”

But the worry and undue stress they are putting the tenants through in the process of realising that profit is something I am uncomfortable with: I suppose if a shop was selling stock produced in a sweatshop at a high profit, then I would be similarly uncomfortable.

But that’s just me.

You can be a Capitalist but you can also have a conscience

I have stated many times when it comes to money, i have no morals
However I can see your point and they are reasonable just not for me. I believe a landlord should be able to do with his property as he sees fit once not breaking the law.

 

[TopicGrinder]

In Germany if the landlord refurbishes an apartment, he can only increase the rent by 11% of what the refurbishment cost.

This is Ireland m8.
By the way I thought ze Germans used the Mietspiegel

 

[doppellanger]

This is Ireland m8.
By the way I thought ze Germans used the Mietspiegel

There's all sorts of rules and regulations.