Outbid by council ?

Sweet.Science

Hey all

My brother was bidding on house close to me for a couple of weeks back in May . His last offer was <300k but he was eventually outbid.

On the way to the train this morning there was people working on the house and i found out from them the Council were the ones that bought it .

Is this legal ? Can they enter the private housing market ?

Some kick in the teeth being outbid for something you actually helped buy from paying taxes while someone who doesnt pay any is going to live in a house worth 330k or so

Donald Trump

Free market baby.

punisher5112

Sweet.Science wrote: »

Hey all

My brother was bidding on house close to me for a couple of weeks back in May . His last offer was <300k but he was eventually outbid.

On the way to the train this morning there was people working on the house and i found out from them the Council were the ones that bought it .

Is this legal ? Can they enter the private housing market ?

Some kick in the teeth being outbid for something you actually helped buy from paying taxes while someone who doesnt pay any is going to live in a house worth 330k or so

Of course it's legal.

This happens more then people think.

judeboy101

Sweet.Science wrote: »

Hey all

My brother was bidding on house close to me for a couple of weeks back in May . His last offer was 00k but he was eventually outbid.

On the way to the train this morning there was people working on the house and i found out from them the Council were the ones that bought it .

Is this legal ? Can they enter the private housing market ?

Some kick in the teeth being outbid for something you actually helped buy from paying taxes while someone who doesnt pay any is going to live in a house worth 330k or so

If its any consolation to your brother, the people moving in will only pay €50 pw , will drive 182 cars and will buy in off the council for 40% of its cp

FriendsEV

Sweet.Science wrote: »

Hey all

My brother was bidding on house close to me for a couple of weeks back in May . His last offer was <300k but he was eventually outbid.

On the way to the train this morning there was people working on the house and i found out from them the Council were the ones that bought it .

Is this legal ? Can they enter the private housing market ?

Some kick in the teeth being outbid for something you actually helped buy from paying taxes while someone who doesnt pay any is going to live in a house worth 330k or so

They are buying up houses everywhere

They should build the bastards

Is this house in an estate or in the country?

VinLieger

Sweet.Science wrote: »

Hey all

My brother was bidding on house close to me for a couple of weeks back in May . His last offer was <300k but he was eventually outbid.

On the way to the train this morning there was people working on the house and i found out from them the Council were the ones that bought it .

Is this legal ? Can they enter the private housing market ?

Of course its legal

Sweet.Science wrote: »

Some kick in the teeth being outbid for something you actually helped buy from paying taxes while someone who doesnt pay any is going to live in a house worth 330k or so

How do you know they won't be paying any taxes?

Sweet.Science

FriendsEV wrote: »

They are buying up houses everywhere

They should build the bastards

Is this house in an estate or in the country?

Raheny

VinLieger

FriendsEV wrote: »

They are buying up houses everywhere

They should build the bastards

Is this house in an estate or in the country?

They are trying to build but every time they go for planning permission some NIMBY politician objects for their constituents while hypocritically continuing to complain there arent enough hosues being built.

Triangle

Sweet.Science wrote: »

Hey all

My brother was bidding on house close to me for a couple of weeks back in May . His last offer was <300k but he was eventually outbid.

On the way to the train this morning there was people working on the house and i found out from them the Council were the ones that bought it .

Is this legal ? Can they enter the private housing market ?

Some kick in the teeth being outbid for something you actually helped buy from paying taxes while someone who doesnt pay any is going to live in a house worth 330k or so

Something similar happened my parents. House went way above the expected amount as HSE threw money at it.
It's funny money to government agencies.....

Donald Trump

Sweet.Science wrote: »

Raheny

Ah well then.


At least it's not in a dacent area.


Not as if a proper person would live in a house you could buy for 300k. I had given you the benefit of the doubt at first and assumed you just missed a zero there.


:P

Hector Bellend

There'll be a family of syrians in it before you know it.

zl1whqvjs75cdy

We were outbid by the hse on one of the houses we were after. It's a load of rubbish, using your own taxes to bid you up.

Specialun

Good to see the councils are focusing on value for money with our cash

Wheeliebin30

Hector Bellend wrote: »

There'll be a family of syrians in it before you know it.

Or Jacinta and her 4 kids.

Sonics2k

VinLieger wrote: »

They are trying to build but every time they go for planning permission some NIMBY politician objects for their constituents while hypocritically continuing to complain there arent enough hosues being built.

Yeah, this is actually happening far, far more than people seem to realise.

The council still need to get planning permission to build houses and estates around the country, and they're constantly getting shut down by local politicians because some ****es started complaining about it.

tigerboon

Sweet.Science wrote: »

Hey all

My brother was bidding on house close to me for a couple of weeks back in May . His last offer was 00k but he was eventually outbid.

On the way to the train this morning there was people working on the house and i found out from them the Council were the ones that bought it .

Is this legal ? Can they enter the private housing market ?

Some kick in the teeth being outbid for something you actually helped buy from paying taxes while someone who doesnt pay any is going to live in a house worth 330k or so

Councils can't provide accommodation for less than €300 per square foot???

andekwarhola

If people are start getting so touchy about council purchases, they probably consider looking at the other ways in which they themselves benefited from the tax payer and refund all their unversity fees, mortgage interest relief, child benefit etc etc. Especially seeing as many tax payers have no kids, don't attend third-level, don't own property etc etc.

Cee-Jay-Cee

Before you know it, Mr McDonagh, his beautiful pregnant wife, Winnie and their 9 children will have moved in. They'll park their summer accommodation (read:caravan) in the driveway and their hiace/transit out on the street. You'll barely know they're there. T'will be grand.

Red_Wake

A fantastic example of why the State shouldn't get involved in the housing market in any shape or form.

dub_skav

Sweet.Science wrote: »

Hey all

My brother was bidding on house close to me for a couple of weeks back in May . His last offer was <300k but he was eventually outbid.

Hey bro, I was thinking if you get that house we could have BBQs all the time, pop in to watch movies or just for a chat, it'll be great.
How is the bidding going?
.....
Eh, I was outbid
:pac:

LirW

judeboy101 wrote: »

If its any consolation to your brother, the people moving in will only pay €50 pw , will drive 182 cars and will buy in off the council for 40% of its cp

If they only pay 50pw in rent they're a long long road away from buying it off the council, just saying :pac:

padd b1975

Sonics2k wrote: »

Yeah, this is actually happening far, far more than people seem to realise.

The council still need to get planning permission to build houses and estates around the country, and they're constantly getting shut down by local politicians because some ****es started complaining about it.

It happened recently with a massive development in Raheny ironically enough.

topper75

Sweet.Science wrote: »

Some kick in the teeth being outbid for something you actually helped buy from paying taxes while someone who doesnt pay any is going to live in a house worth 330k or so

judeboy101 wrote: »

If its any consolation to your brother, the people moving in will only pay €50 pw , will drive 182 cars and will buy in off the council for 40% of its cp

No no - the madness is much bettter than that - see the big picture.

Our taxes don't even cover it so we bust out the credit card...

national debt clock was at 203,682,253,259 € as I posted. It grows by the second.

'progressive' society here we come.

andekwarhola

Red_Wake wrote: »

A fantastic example of why the State shouldn't get involved in the housing market in any shape or form.

They already are, by paying inflated market rents because they allowed property developers to dictate social housing policy.

Sweet.Science

andekwarhola wrote: »

They already are, by paying inflated market rents because they allowed property developers to dictate social housing policy.

Exactly this - if they are providing up to €1200 relief on privately rented properties for people on welfare or on low income why would a landlord only charge this .

Its one thing that isnt really mentioned in the rental crisis

punisher5112

All the apartments built in Dundrum at luas bridge are been kept by Irish life as an investment.

Wheeliebin30

Sweet.Science wrote: »

Exactly this - if they are providing up to €1200 relief on privately rented properties for people on welfare or on low income why would a landlord only charge this .

Its one thing that isnt really mentioned in the rental crisis

Why should the state build council houses when the rent doesn’t even cover the maintenance on these houses?

Sweet.Science

Wheeliebin30 wrote: »

Why should the state build council houses when the rent doesn’t even cover the maintenance on these houses?

Well they should invest more time into their fraud dept . There is a heap of money to save every week if they were interested

VinLieger

punisher5112 wrote: »

All the apartments built in Dundrum at luas bridge are been kept by Irish life as an investment.

So? That's their job they are a pension fund and there's money in property. They arent a vulture fund, the money they make will go back into the pensions of irish people. Its just a pity more people don't have private pensions to benefit from such an action and instead ignorantly are counting on the state pension which will be unfundable in about 10 years

oceanman

VinLieger wrote: »

So? That's their job they are a pension fund and there's money in property. They arent a vulture fund, the money they make will go back into the pensions of irish people. Its just a pity more people don't have private pensions to benefit from such an action and instead ignorantly are counting on the state pension which will be unfundable in about 10 years

why shouldn't they count on it? most people have paid into it all their working lives.

seamus

"The government should do something about the housing crisis!"

"Why are the government buying houses!?"

****'s sake. Why are people incapable of joining the dots before they get all angsty about stuff?

steddyeddy

Sweet.Science wrote: »

Hey all

My brother was bidding on house close to me for a couple of weeks back in May . His last offer was <300k but he was eventually outbid.

On the way to the train this morning there was people working on the house and i found out from them the Council were the ones that bought it .

Is this legal ? Can they enter the private housing market ?

Some kick in the teeth being outbid for something you actually helped buy from paying taxes while someone who doesnt pay any is going to live in a house worth 330k or so

Name someone who doesn't pay taxes? You realise VAT is type of tax?

VinLieger

oceanman wrote: »

why shouldn't they count on it? most people have paid into it all their working lives.

See thats exactly the problem, many people like you misunderstand how the system works. With the state pension you aren't paying into a fund with your name on it. The money you pay in today is given out to someone receiving their pension tomorrow. Your money is not being saved away for you specifically in the state pension as it would be in a private pension.


And that is the problem, right now it works because there are 5 workers for every 1 retiree, by 2040 this is predicted to be as low to 2:1 which is simply not enough workers:retirees to sustain the state pension system as it currently exists.

Its a ticking time bomb that no political party wants to deal with as it means confronting the grey vote

Red_Wake

AlphabetCards

seamus wrote: »

"The government should do something about the housing crisis!"

"Why are the government buying houses!?"

****'s sake. Why are people incapable of joining the dots before they get all angsty about stuff?

So, in order to fulfil the demand for housing, the government should buy houses - outbidding those who can just about scrape together enough deposit for a mortgage - and thus increase the prices across the board? Interesting take.

RustyNut

The next time an election comes round just remember which parties put the policies in place that resulted in this situation and vote accordingly. It's the only thing you can do OP.

Red_Wake

RustyNut wrote: »

The next time an election comes round just remember which parties put the policies in place that resulted in this situation and vote accordingly. It's the only thing you can do OP.

If he's in Dublin, that's AAA/PBP and SF via their reps on DCC....

VinLieger

Red_Wake wrote: »

If he's in Dublin, that's AAA/PBP and SF via their reps on DCC....

Indeed, on the one hand blocking new houses being built due to not being able to agree on the design and then on the other each blocking developments in their own constituencies due to nimbyism

Red_Wake

VinLieger wrote: »

Red_Wake wrote: »

If he's in Dublin, that's AAA/PBP and SF via their reps on DCC....

Indeed, on the one hand blocking new houses being built due to not being able to agree on the design and then on the other each blocking developments in their own constituencies due to nimbyism

Followed by blaming national government for their own mistakes.

The sooner we abolish the councils the better - everything they touch ends up in a hoop.

RustyNut

Red_Wake wrote: »

If he's in Dublin, that's AAA/PBP and SF via their reps on DCC....

Do DCC not just implement the policies set down by central government?

pickarooney

seamus wrote: »

"The government should do something about the housing crisis!"

"Why are the government buying houses!?"

****'s sake. Why are people incapable of joining the dots before they get all angsty about stuff?

How is buying a house anove market value addressing the lack of affordable housing?

seamus

AlphabetCards wrote: »

So, in order to fulfil the demand for housing, the government should buy houses - outbidding those who can just about scrape together enough deposit for a mortgage - and thus increase the prices across the board? Interesting take.

Nope, that doesn't look anything at all like what I wrote.

You can try again if you wish, but you'll be wasting your time.

Red_Wake

RustyNut wrote: »

Red_Wake wrote: »

If he's in Dublin, that's AAA/PBP and SF via their reps on DCC....

Do DCC not just implement the policies set down by central government?

They're responsible for planning laws, and for the provision of social housing. This is delegated to them with guidelines[best practices, not obligatory] from central government.

So in summary, no.

BoroMan32

I don't know the specifics, but I do know certain councils won't bid against first time buyers for houses.

NickNickleby

seamus wrote: »

"The government should do something about the housing crisis!"

"Why are the government buying houses!?"

****'s sake. Why are people incapable of joining the dots before they get all angsty about stuff?

All that's being achieved with that approach is that a different family ends up in the council-bought house. Its not providing additional housing. Or are my dots wrong?
AND the council has also caused the local market value to increase by out-bidding, so when the next house in the locality goes up for sale, the expectation will be for an even higher price, which will be even further out of reach.

When my parents couldn't afford a private house, they got a Corporation house in a new corporation estate in the 1960's and paid 'differential rent'. That's what needs to happen now.

irishproduce

Is there a register held of houses the councils/ HSE purchased/ own?
I think it is important information for purchasers to be aware of when purchasing a property.

seamus

NickNickleby wrote: »

All that's being achieved with that approach is that a different family ends up in the council-bought house. Its not providing additional housing. Or are my dots wrong?

Your dots are slightly off

Society and by extension politicians are going mad about a housing crisis and looking for social housing.

This filters down to local authorities as "fix it now!". But the only way to increase social housing stock in the short-term is to buy it. Building takes years.

Local authorities don't have any influence at a national level and the staff in charge don't really care about their effect on the market as a whole. They've been told to get more social housing, so that's what they're doing.

So the council are buying houses because people are demanding something is done about the housing crisis.

The problem is people demanding that the housing crisis be fixed by next week. It won't be. 2020 is an optimistic estimate for things to start looking up.

An additional problem, as others have pointed out is that there is a level of NIMBYism too, where planned developments are being blocked by politicians, while those same politicians demand more housing.
That said, I've seen a lot of "panic developments" - plans for 150 units to be built on actively used playing pitches or parklands. We can't just throw sh1t up anywhere because we badly need it. We still need to build in a sustainable, scalable way or we'll end up in a world of sh1t in 20 years time. Again.

AlphabetCards

Get out of Ireland lads.

Fr_Dougal

Donald Trump wrote: »

Free market baby.

Well no, not really.

If it was a free market the council would not be buying up properties for the Foreva Home crew.

NickNickleby

seamus wrote: »

Your dots are slightly off

....
This filters down to local authorities as "fix it now!". But the only way to increase social housing stock in the short-term is to buy it. Building takes years.
......

Totally agree with your points, insofar as they are logical. However, the permanent fix is to build more affordable or social houses. At some point that has to take precedence over the quick fix. I suppose that decision will be made by those in power, and being the cowards they are, they'll never make the hard decisions.

I actually thought the hubs were a good idea for stop-gaps, until I saw how long its taking to finish one in Coolock. This was an existing building being re-purposed (I think, I don't know if they demolished it and rebuilt). THe footprint there would probably accommodate about 20 houses, and I'd imagine they could have built them in the same time. Passed by recently and saw the delicate finishing touches being applied - must be a photo op for someone in the offing.

A small development of houses was built behind my house, in the same time period as the hub above, in fact they're finished and have been occupied since around Christmas into Spring. But they were going for 500k to 700k so perhaps that's why they were so quick. So it seems it CAN be done, if there's a profit to be made. I understand a lot probably went on before the foundations were dug, but that's just process. (and I realise that last bit is my hostage to fortune :pac:).

I suppose my overall feeling is that we elect governments to run our country properly, and they just don't. Most of the time I just go "ho-hum" but this particular issue gets my goat enough to have me complaining on the internet AND emailing local TD's. The cynic in me reckons that if they get enough emails about the housing crisis in the run up to the next election, they'll engineer a more serious* crisis to take our minds off it. Referendum, anyone???

*seemingly serious, but easily addressed, crisis.

Hitman3000

FriendsEV wrote:

They should build the bastards

Speed of occupancy, easier to buy rather than build.