Housing Madness

The cost of building houses now has jumped beyond reason.

If you buy a site and build a house, you will be in negative equity straight away. This means, a house builder or contractor that were building these homes in the boom when the need was there are no longer doing it as there's simply no room to do so.

Why is this? Mainly down to the cost of materials and the also in no small part to the low energy requirements now.

Insulation, heat recovery, underfloor heating, air tightness and heatpumps all come at a cost that were not in older homes, even in the boom

Now it has nothing to do with banks. If they offered 0 interest mortgages the price is too high. No point giving me a 0 interest loan on a 100,000 euro merc. I still can't afford it

Thanks Ray,

Thats if you can get a "top up" mortgage, which i doubt we can. We are already paying as much as we can. Something to speak with the bank about i suppose, if the heating bills are much lower in the winter than i can see it saving us quite a bit over time.

How is it not affordable?

Do you expect housing to be free?

Don’t work… get handed it

wealthy… can afford it

middle class, working, contributing, trying… you get SFA, lots lost medical cards, not entitled to housing, you pay for everything including for the hand outs.

If I had my own house I would only be able to afford gutter accomodation like what the immigrants live in. Something like what the poor urban Irish lived in during the 1950s.

You only can get half decent accomodation if you have a partner to share the costs with. This is why it is the best option for an incel loner like me to live with parents. Even if I do end up homeless living in my car when I am older at least I had a comfortable life for a few decades. I questioned my sister about this once and she said I could live in her garage if I was homeless. I think that would be the end of the line at that stage. I said to her that I plan to eat myself to death when I get to my 50s. I am 250lbs at the moment.

It doesn't end that is what I have tried to explain to you. This is normal evolution of a housing market that is interfered with by the government polices which the public want. You say you don't care about state housing but are complaining about what is given out so you do actually care. You think the system is unfair.

Prove families are getting poorer. I have tried to show you that standards are very different now so in real terms families are a lot better off than they were before. To correct you it is only some young workers that aren't able to buy or rent. A common trap for people to think the rest of the world is just like them. There are young workers renting and buying they just earn more than you. Houses are being sold and bought all the time. The lack of rentals is the lack of new rentals people are still renting.

A dire situation for who exactly? Any ideas on how many people we are talking about? Do you think maybe the majority are not having much trouble.

It doesn't end the changes keep moving. How do young workers live in London or Paris? They simply don't they rent and buy further out from the city. These cities still have minimum wage employees servicing the hospitality and retail sections. What do you think happened? Now they do have more social hosuing there because of WW2 destruction but England sold most of it off in the 80s.

People will stay with their parents for longer, commute longer and rent until they inherit a portion of their parents home or entirely. Those who had parents who never owned will likely be poorer educated and renting for the rest of their lives. As I said there is a massive amount of housing stock going to be released soon as the generation that bought during the housing construction boom die.

Very simply there are people my age who missed the boat to buy and they cannot get a mortgage as they are too old unless they get a large deposit. Some will get it from family and others will never get it. Home ownship in Ireland had to change as we became more like other countries

Reduce capital gains tax on development property. The numb skulls tried taxing iand tht not developed, but there is alot more there that could be sold but the capital gains tax is too high

Remove VAT from labour and building materials on projects over a certain amount of units in areas of the country with a particularly accute need

Ultimately, an increase in supply will reduce the price of homes.

I'd say theres a few holes in it at this stage.

Dont think there's loads of people who bought during the boom going to die any time soon. Just as well because I don't wish death on anyone

You wanted to know if it ends. You get an answer and you don't counter it you just dismiss it. You don't want an answer you just want to complain. Ignore what happens when people die and you still have your answer. People just won't be able to afford property and will move further out.

You haven't countered any points so aren't open to discussion. What exactly is this drum I am beating? You would swear we have been talking about this for years to each other. Tell me what I have assumed if you have an issue. Do you want to discuss or just reject views outright.

You wanted to know what will happen and you can tell me why what I am saying is not going to happen. You seem to suggest you don't have any idea what will happen so seems to be just complaining.

Yea ok those would be fairly old. Their children get the house & they don't always sell. Often they just leave them empty for sentimental reasons or use it as a holiday home.

The bailout saved everyone with a mortgage, as well as guaranteeing savings. Even Anglo had lots of small depositors. If the Bondholders had been Burnt, a lot of people would have been worse off.

The new regime, which is really going back to the pre Tiger regime, should ensure that nobody will finish up in Negative Equity again. The last thing we need is tens of thousands of loans being defaulted again, so lending rules have to be strict. The only danger now is that the Bank of Mum and Dad which funded some first time buyers will not be able to bail them out if they default in the next few years.

In the meantime, the mix is moving more towards renting. One thing I would like to see is renters being given consideration for the amount of rent they pay say over three years with no missed months. Regard that as proof that they will not default on a mortgage loan with similar monthly repayments.

Not many people using houses in Dublin suburbs as holiday homes. They either move in , rent or sell them. Probate takes about 2 years so some are vacant that time due to the rent regulations. Then there is the period people go into medical care and leave the property vacant as it is not worth renting due to rent regulation and the fair deal.

Dublin is surrounded by property built during this period and has very low occupancy rates. We don't really have a housing crisis we have an occupancy rate issue. My mother's road has an average of 2 people per house compared to the 5 per household average when families lived there. It is a matter of time before these properties come on to the market. Not wishing people dead but you have to consider reality

The occupancy rate fell sharply since the 1960's, just starting to creep up again in the last Census.

Also there were more than 180,000 vacant dwellings, not counting holiday homes. The solution to the "crisis", before looking to build, is higher occupancy and fewer vacants.

https://www.irishtimes.com/business/economy/ireland-has-10th-highest-rate-of-vacant-homes-in-the-world-study-finds-1.4709476

EcoEye had a great show on last night at 7pm RTE one probably on the player now in relation to reusing our main highs streets and thoroughfares as family housing. Tens of thousands of former residencies come retail residency come retail come derelict units across the towns and city's of Ireland that should be incentivised to buy and repair for private individual as principle private residential or local authorities to rebuild for lower incoming housing.

This would mean are huge and large stick to beat the usage of these properties from those that sit on them for decades into dereliction. Action is needed on a national strategy on this.

In central Europe towns and cities are covered in residential units as opposed to retail or dereliction.

I agree. I was questioning the post questioning his post!!

You are angry at the wrong person. The property is in use so they can't say it is derelict like the presenter wanted.

Don't think you understand what bias means. It isn't bias for the owners not use the property it is just what they are doing. The show ignore details to make a point that is bias.

Never said it was right or wrong. It could be argued seizing somebody else's property could be seen as wrong.

Why does it have to be a penalty and not encouragement and incentives? Where are the councils going to get the money to buy and do up these properties. Dublin council I believe owns the most derelict housing in the country.

People want to support SF but they sit on all these councils and aren't acting.

I don't like to see derelict building nor vacant property appearing but I am also one of these people. I have a run down garage which could be converted to accommodation. I am not going to do that due to the rent regulations. I keep my chair in it the council have no right to force me to sell it. I have plans for it now but it could have been accommodation. Nothing happens in a vacuum and people don't accept that rent regulations and proposed plans mean less rentals. The idea of punishing somebody because you restrict what they can do or the financial gain to me seems wrong.

Yes the existing rules should be enforced but it is no way a quick nor easy solution. The fair deal for nursing homes causes a lot of vacant property