Irish Property Market chat II - *read mod note post #1 before posting*

There is a few issues with that though

First by the sounds of things you did significant work on the house, majority of people don't have the knowledge to undertake such work. We are in the golden age of DIY with online tutorials for everything but that doesn't mean everybody is able to take on that kind of work. Particularly now with higher building standards. And as for getting someone else to do the work, good look with that, tradesmen at the moment are very rare and very expensive.

Secondly financing projects like that isn't always feasible, bank will lend to 90% of the value of house, unless people can save significantly more than the required deposit they will struggle to finance significant work on a house, even estimating how much it would cost would be s struggle for most.

Lastly if people have kids its often just not practical to move in to a project house, but you can't afford mortgage and rent and all the work.

I'm not writing off doer uppers, I think there is value to be found there, but need to be realistic as well its not feasible for most and there isn't that many come up, there is shortage of all kinds of properties.

SF will only increase the tax on institutional investors and introduce rent freeze’s. The outcome of that will be less properties to rent. If were able to build 20k houses a year at 150k a house as per their alternative budget. Then it may free up properties for rent. But I can’t see how they can build a house for 150k. They will also be competing with FTB’s whether it is buying houses or diverting building works to social housing.

SF's plan to avoid competing with FTB's is to remove the Help to buy scheme, cant see how that will be a vote winner for them, seems like they want to force as many people into social housing as possible.

In an ideal world you would have builders providing private housing during times of growth and during times of a recession you would have the government step in and provide social/affordable housing so that builders didn't leave the industry. This would result in a consistent supply of housing. If this happened after '08 we would not be in the situation we are in now trying to play catch up with supply. That is in an ideal world but we don't live in it and after '08 even if the government wanted to build social/affordable housing they would have been prevented from doing so by the IMF and EU as all that they saw at the time was austerity and couldn't see that government spending during a recession makes it shorter and less severe.

Social housing has become a dirty word in the last 20-30 years, but it shouldnt be that way.

Plenty of areas that are desirable now would have been corpo built back in the day, with some of most of stock since sold to occupants. The problem is that social housing has a stigma now, and also the poor enforcement against anti-social behaviour.

But the reality is you cannot leave it to the private sector to sort, they only build when profitable. Govt built housing needs to continue based on population projections, not profitability.

I agree, except that plenty of occupations that are still essential and important have been relegated to the forever renting sector. Teachers, nurses, gardai and more all would struggle to get on the housing ladder nowadays in plenty of areas, and its only going to get worse. Even pre-boom you could get a house comfortably working those kinds of jobs, not so much anymore.

For all of the people with out a house looking to buy how would you change things from what is currently going on? We should maybe try and get away from the blame game, No one owning a property did anything bar voting to make the conditions we see today in the property market

Ya, house building cost is crazy. Luckily I got in at the end of the 2013 regs. I built it entirely from savings which was not easy but definitely worth it. It's like the Government insisting on everybody buying a rolls Royce. This is fairly basic stuff to understand like. That's why if a second hand house is cheaper than the cost of replacement then it is a good deal. Of course the cost of replacement is too high but it is what it is. Environmental regs are not going to go away I'm afraid. Some of them are totally non sensical I know.

The same applies whether it's average or the mean. What we really need is the incomes of the under 35's,

However with home ownership collapsing and rents at 40% above celtic tiger highs affordability has to be a major issue

I was referring to government borrowing

No I agree its not ideal and yeap we do lose some talented people but it is an option that has been used for well over a century, also we have a plus net migration figure for the last 6/7 years so Ireland must have something that is keeping more people here and attracting others to live here so a failed state is a bit of an exaggeration

You keep putting forward fudgy mostly bad solutions. The past is over and recommending our best and brightest head off to London is bad for the country.

You do realise a better world is possible, if only the vested interests could be overcome.

Where did I say that?? I am simply stating fact that we always had a culture of emigration. I also stated that this trend seems to have bucked in the last 7/8 years where more people are staying and people are coming into the country from different nations. This is also one of the reasons why housing is limited currently with the size of our population growing by more than 1/2 million over the last decade, this problem was not just because we stopped building. Also if you want to completely ignore the past then your doomed to repeat mistakes that have been made. I agree with the vested interests by the way I think its a crime what the likes of the vulture funds are getting away with. So my solution of building more houses is fudgy? Really? The only way to solve the issue building to meet the current demand even if that is over a long period of time.

Ha ha, it's my 8 euro subscription to netflix is why I can't buy a house. If you think about it it was a least a fiver to rent one video from xtra-vision back in the day so netflix is great value.