Builders say apartment construction is basically non-viable without funds involved

Wanderer78

timmyntc wrote: »

A lot of our current property woes are due to govt interference - such as tax breaks for REITs to come here, buy property and rent it out.
And the long term leases agreed by local authorities - another incentive that should not exist.

yup, governments can indeed do great damage to markets, particularly if they have particular ideologies in regards those markets

Yellow_Fern

Wanderer78 wrote: »

when has the market ever provided us with this critical need, without doing so dysfunctionally?

you ll actually find some of the most stable property markets globally, have strong state interaction with the market

Places that people associate with being stable tend to be places with slower growth than us. A lot of the surges in price are consequences of high population growth ie. of slightly higher than average birth rates, urbanisation (adding to city growth) and high immigration rates

Wanderer78

Yellow_Fern wrote: »

Places that people associate with being stable tend to be places with slower growth than us. A lot of the surges in price are consequences of high population growth ie. of slightly higher than average birth rates, urbanisation (adding to city growth) and high immigration rates

go way outta that nonsense, we ve adopted the same free market nonsense as other western nations, and have allowed the fire sectors to run riot, so here we are.....Singapore is well known for having a far more stable property market

agoodpunt

good luck trying to find an affordable 3 bed semi with gardens in singapore

antodeco

JimmyVik wrote: »

Start by buying a 1 bed apartment. Put a mattress or a sofabed in the living room for the kids when they are over. Save the extra over €1k a month that you are saving in rent. In a few years trade up again.
This needs to be done in steps now. Because waiting doesnt work anymore.

17 year old daughter needs a bit more suitability and privacy than a mattress in a living room unfortunately

agoodpunt

https://edition.cnn.com/2021/05/13/business/global-real-estate-prices/index.html
Its not just an Ireland problem

The sooner Eoin Ó Broin is in to sort this out, the better.

Topgear on Dave

Wanderer78 wrote: »

go way outta that nonsense, we ve adopted the same free market nonsense as other western nations, and have allowed the fire sectors to run riot, so here we are.....Singapore is well known for having a far more stable property market

Far more stable government too probably helps. Strong and stable would be and understatement.

I don't think irish people would like it.

ec18

Deleted User wrote: »

The sooner Eoin Ó Broin is in to sort this out, the better.

Sarcasm?

Eoin even admits his ideas probably won't work for years (if ever)

Dav010

[Deleted User] wrote: »

The sooner Eoin Ó Broin is in to sort this out, the better.

I’m reminded of the debate before the last election when it was put to Pearse that the social changes SF would make would cost €40B, where would they get the money? A stumped PD couldn’t answer, wait until SF tells the public that all will be paying much higher taxes to pay for all this social housing and health care. Voters love higher taxes.

ec18

Dav010 wrote: »

I’m reminded of the debate before the last election when it was put to Pearse that the social changes SF would make would cost €40B, where would they get the money? A stumped PD couldn’t answer, wait until SF tells the public that all will be paying much higher taxes to pay for all this social housing and health care. Voters love higher taxes.

nah sure aren't they going to tax the 'wealthy'

JimmyVik

ec18 wrote: »

nah sure aren't they going to tax the 'wealthy'

Thats anyone who earns over €35k to them