Mica Redress

Seems he isn't happy with the price per sqft of 138, I'm not knowledgeable enough to know is it enough it does seem ballpark right, part of problem is building costs are high at the moment and only going one way, particularly if you add demand of few thousand houses in Donegal.

I don't think a price per sqft is the best way of going about it tbh. Are they just saying you have a 2000sqft house so you can build a new 2000sqft house at 138/sqft.

It really needs some better thinking to try keep costs down. Engage a developer, come up with a number of plans for different size houses, get a set price for each, let people pick a house based on their needs (family size), build of those plans.

Just from a quick go at the rebuild cost calculator on the Chartered Surveyors website, €138 looks to be marginally more than they're using - so it looks to be what you'd get if you claimed off your insurance if needed to rebuild your house for a reason covered under the policy.

And the €420,000 limit looks like the scheme would fund houses up to about 3,000 sq ft.

Very tough to see where a compromise can be reached, as Mica campaign is looking for a blank cheque. On the other hand, many are disturbed by the high level of support already on offer, which anyone renting at present would see as a bonanza.

I think the general public will be impatient to see at what point, if any, does Government tell a sectional interest to sod off.

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Much of what I assumed was the case. There's an entire bunch of investors shouting from the roof tops on this. And actual families who's principle private residences are being silenced or dragged along by the fellas pushing for their own interests.

They seem to believe people around the country will he happy to pay for this and add to their already higher build costs to boot.

I don't want to pay a penny for investors properties I went though enough of that nonsense since 2008. Caveat emptor. We shouldn't be bailing these out either invididuals or investor groups again.

Principle primary residents. Family homes only.

More details now emerging:

*Hard cap of €420k

*Sq/ft cap of €145 for the first 1000sq ft

*Property registered with the RTB at the start of this month will be eligible.

*The price is expected to exceed €2bn

*No real details as of yet on the repair aspect of the programme.

Seems to me to be a very generous offer, and the protesters should grab it with both hands and say thank you. The exclusion of businesses, and holiday homes will prove interesting and perhaps divisive for those protesting. I can't really see homeowners being that motivated to protect holiday home owners and investors though.

The biggest losers here are first time homebuyers who will now see the build price floor increase due to the block levy in 2023.

Indeed, no-one seems worried about their ability to pay.

They're allegedly still not happy.

Is there any capacity in Government to tell them where to get off.

Offer renters €145 per square foot to buy there own accommodation, and see if they complain.

Then at least Government would actually get the votes they are paying for. This Donegal crowd won't voting for Government parties, no matter how generous the package.

Like, seriously, is Government going to entertain another round of whinge?

……

I'd be interested in the opinion of a few different EU bodies as to the Government committing taxpayers money to this, in this particular fashion, at all.

I'm probably way off, but there are limits to State intervention in what should be commercial issues, i.e., between the quarries, the makers, the builders and the insurance companies.

In my personal opinion, the State could meet its obligation to the affected homeowners by offering group housing in a nearby town or village, delivered by a State body.

So it looks like the protesters aren't happy with what the government have come up with, even though this is the largest "compensation" scheme ever dreamt up. From my view, the offer is quite generous and really should be grabbed with both hands, and I'd happily take a grant of €145/sqft to build my house.

So where does the movement go from here? To be honest, I think it depends on how the media frame this offer. Up until now, the protesters have been treated with kid gloves and the freedom to present their story unchallenged. I think that is quite likely to change if they continue to seek further compensation.

Then again, the protesters calculus may be that they have nothing to lose by continuing on. The government is not likely to withdraw the offer of support should protests continue.

Jesus lads, you better be careful with all those comments about people looking for a free house, you'll get yourselves in trouble!

Oh wait, this is a real forum where you don't have to just toe the Donegal line, carry on so!

There should be zero coverage for investment/BTL properties, its an investment that went badly, thats life.

Well sure they could, but they want to get back exactly the house they bought/built, though of course at today's standards, and they don't want to have to pay anything.

They see it as unfair that they have to pay for something that they see is not their fault, but cant see why the rest of us would see it as unfair that we have to pay for something that was nothing to do with us, all while ignoring the fact that only one side ends up with a new house.