Has it worked anywhere

jimmycrackcorm

Yurt! wrote: »

The monthly rent is €1,550 for a one-bed, €1,990 for a two-bed and €2,499 for a three-bed. Most of the tenants are from abroad, the Irish ones are on HAP.

https://www.rte.ie/news/2020/0218/1116105-vesta-apartments-twinlite/

Find this part difficult to believe:

'He said the current sales price for suburban property does not cover the construction costs for builders.' I'd translate that as 'we can make a killing on build to rent in this market here lads.'

If this is part of FG's success story of loads of new units coming on stream, count me out of the celebration party.

Your translation of this is taking an apple and complaining that you don't like it as an orange.

What they are saying is that it's more cost effective to build apartment blocks than housing estates. Given the equivalent suburban land area, it's too expensive to build houses based on what buyers can afford due to central bank rules.

Yurt2

jimmycrackcorm wrote: »

Your translation of this is taking an apple and complaining that you don't like it as an orange.

What they are saying is that it's more cost effective to build apartment blocks than housing estates. Given the equivalent suburban land area, it's too expensive to build houses based on what buyers can afford due to central bank rules.

You're drawing inferences from what the spokesperson said that simply aren't there. He made no mention of houses.

'...as it was uneconomical to build and sell individual apartments.'

That, I suspect, is PR b*llocks saying that they can't turn a buck selling apartments to individual buyers in the current climate.

Funds however, can make a killing on rental, and they know the political and social climate does not look kindly on this activity.

smurgen

Yurt! wrote: »

You're drawing inferences from what the spokesperson said that simply aren't there. He made no mention of houses.

'...as it was uneconomical to build and sell individual apartments.'

That, I suspect, is PR b*llocks saying that they can't turn a buck selling apartments to individual buyers in the current climate.

Funds however, can make a killing on rental, and they know the political and social climate does not look kindly on this activity.

Especially when said funds don't have to pay taxes like average joes have to .


https://twitter.com/paddycosgrave/status/1230120193290051587?s=19

GreeBo

smurgen wrote: »

Especially when said funds don't have to pay taxes like average joes have to .


https://twitter.com/paddycosgrave/status/1230120193290051587?s=19

How is that the governments fault?

jester77

smurgen wrote: »

Start looking at German cities also and you'll see almost all of them hammer Dublin.Salaries more of less the same as Dublin while rents are 50-90% cheaper e.g Hamburg.oh and don't look at the childcare cost comparison unless you want a heart attack.

https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Germany&city1=Hamburg&country2=Ireland&city2=Dublin

Well, it is nigh on impossible to find a place to rent in Hamburg. You will usually have 50+ people at a viewing. Rents are controlled which keeps the prices down.

Regarding child care, you pay through taxes. If I was working in Dublin on the same salary as here I would have an extra 300 or 400 in my pocket every month after tax.

Same for health care, I pay well over 600 a month for my mandatory health insurance and that doesn't even include my kids, they are extra. Plus I have to cover the first €600 of medical costs per year before I can make a claim on the insurance.

If you want good services, you have to pay for them.

Idbatterim

Well, it is nigh on impossible to find a place to rent in Hamburg. You will usually have 50+ people at a viewing. Rents are controlled which keeps the prices down.

yes, which would be the same in dublin, if not worse in dublin. if you even make it to the viewing stage in dublin, you have done bloody well

solidasarock

Anyone can walk around Dublin for a half hour and see all the empty, rotting buildings and see the "we dont have room" excuse isnt worth its salt.

The wider centre of Dublin is so decrepit and run down compared to every other Western capital city I have been to.

There will always be issues and supply and demand is never perfectly in sync but we could be doing a lot better with the space we have.

Idbatterim

solidasarock wrote: »

Anyone can walk around Dublin for a half hour and see all the empty, rotting buildings and see the "we dont have room" excuse isnt worth its salt.

The wider centre of Dublin is so decrepit and run down compared to every other Western capital city I have been to.

There will always be issues and supply and demand is never perfectly in sync but we could be doing a lot better with the space we have.

YEAH and the biggest cuplrits are those incompentent morons in DCC , in their ivory towers! talking about this histroric core and how we should never change! The state of much of the historic core, is incredible, given we have now had two booms. Then a modern business district in the docklands with class architecture and a new vibrant city quarter? No, we get a suburban looking business park with cornflake boxes :rolleyes: and people trekking in from 50km out, when they could just take a lift 50m down and walk to work :rolleyes:

PopePalpatine

solidasarock wrote: »

Anyone can walk around Dublin for a half hour and see all the empty, rotting buildings and see the "we dont have room" excuse isnt worth its salt.

The wider centre of Dublin is so decrepit and run down compared to every other Western capital city I have been to.

You only need to look at the gaping gap in the west side of O'Connell St to get an idea of the waste of space going on.

But gods forbid Agnes and Paddy have to look at 30m tall monstrosities on their weekly shuffle to collect their pensions...:rolleyes:

Foxtrol

This is an example of how we're in the state we're in

https://twitter.com/TomLyonsBiz/status/1230776591665582080

GreeBo

Foxtrol wrote: »

This is an example of how we're in the state we're in

https://twitter.com/TomLyonsBiz/status/1230776591665582080

But this is a city council, not the government.

Idbatterim

the docklands and the failure it is, really sums it up here. Looks like some failed suburban business park :rolleyes:

Foxtrol

GreeBo wrote: »

But this is a city council, not the government.

I'm not quite sure if you're being sarcastic here...

Anyone that points all the blame at the government just shows that they don't understand the issues involved.

DCC and other councils hold a lot of blame too (as does NIMBYism etc).

KaneToad

jimwallace197 wrote: »

There is always a demand for housing especially for housing in preferred locations so high housing costs and issues around housing will always be there.

Take our own country for example, how much of a housing crisis would there be if the government took a harder stance on this and insisted on people who are availing of rent allowance/Hap or social housing to not have a choice in the county where they avail of this free housing.

Yes, you will have the argument that some people who are not in well paying jobs need to live in the capital also but would it be impossible for them to find a job of this type in another location where housing costs are not so high. Also,no one has the divine right to a property or a house.

We as a country are far too soft on this. I see it every week where people who are incredibly entitled expect to live close to their family and friends without contributing anything towards the cost

Not every job in Dublin city is high paying. Its elitist to suggest that "free" housing should only be outside he city.

CrankyHaus

PopePalpatine wrote: »

You only need to look at the gaping gap in the west side of O'Connell St to get an idea of the waste of space going on.

But gods forbid Agnes and Paddy have to look at 30m tall monstrosities on their weekly shuffle to collect their pensions...:rolleyes:

There's more to it than that though.
There is a very strong cultural and legal aversion in this country to the idea that property rights can be circumscribed for the public good. As a result speculators can leave derelict eyesores in Dublin city centre and elsewhere with impunity. The vacant site tax was a novel departure to address this but doesn't go far enough and is loopholed fairly easily.

This contrasts markedly with many other countries.