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

i guess mostly depends on the property. But the absolute main driver is build costs and that mostly affects lower priced new-builds and fully done up settled area houses (as refurb costs are up even more and availability limited).

right now everything is very limited unless ground floor apartments are your thing.

Still think some city center apartments offer decent vfm

turn key condition, C1 BER, 4600eur/sqm, super central, Can keep for life as good rental (3bed near google etc.)

Inflation down 0.4% month on month and would be down 0.9% if the minimum pricing of alcohol was not introduced.

In addition to the lunacy of the tax situation, we also have the state in effect underwriting the investment funds activity though enhanced long term leasing

There is a place for investment funds however they should be restricted to urban apartment developments that they fund and pay taxes similar to domestic landlords on profits and subject to capital gains

If you have inflation at 10% in housing and access to finance at 0%. The effective cost of finance is - 10%.

They have enough incentives provided by central banks and a dysfunctional property market.

It stinks of political party's putting the party before the country another parallel with the celtic tiger bust and reminiscent of the incredibly poor value public private partnerships

Same goes for lots of Terenure and even some parts of Rathgar. College square in Terenure, the houses that sold in 2021 were not “crazy” prices.

Itsthe tech couples buying and they want to be on the dart, ie scd and malahide are booming. Further inland it’s a tricky commute.

Number of HAP tenants to increase to 72,000 this year

The logical conclusion to this policy is that ultimately, at some stage, the entire rental market will be socialised. At this stage I'm thinking that is ultimately the goal.

As a capitalist, this is not what I want to see but this is a FF and FG policy to create a corrupt two tier society of the ultra wealthy and the underclass. It is where we are headed undoubtedly so long as housing costs do not fall materially (rental market correction of 40% would be a current best guess for some sort of sustainability or else we're heading for a rental market socialist dystopia).

You don't think people should be up in arms about that bullshi*?

Some sort of Green Bond issued by States and bought by the ECB will be QE under a different name, unless the ECB can be taken down a peg or two. I think what will happen is that we will have populist and protest votes more and more in Ireland. It is the people that vote, not the funds and that is something that cannot really be controlled in Ireland like it can be in the US. It wasn't that long ago that SF were openly anti-EU and even the Irish people have form in rejecting EU treaties. For me, it's all down to housing; let people put a roof over their head through work and, with their health in good order, they have the foundation of a comfortable and fulfilling life.

If way more people want to live in London than there are houses/flats what is your idea to solve it?

the most logical is smaller homes and higher prices. No one has a birthright to a residence in a place of choice. This is insanely anti meritocratic.

The plot thickens. I thought this was a prank when first posted

Not a prank, evidence of our dyfunctional market. Im all for repurposing buildings, but using old commercial buildings as residential accommodations without the necessary upgrades is a slippery slope. When we start accepting reduced standards for accommodation by commercial operators (regardless of motive) it can quickly become normalised and the most vulnerable in society bear the brunt.

We are seeing this at the other end of the scale also with the co-living concept that is described by developers as an "innovative solution for todays property market" (again which is completely dysfunctional). Complete bollox.

I think the market has got this way via different decisions made over the last 2 decades. It seems that our supposedly middle of the road governments that have been in power over the last 20 years have given handouts and special treatment to both our lefties and our righties and to their own species. I honestly believe that those in power think that if they give something to the left they have to give something to the right in order to balance it out and make it look like they are in the center when it comes to their political stand point. Yet what people here don't understand or have failed to connect the dots too is that it is those of us in the middle paying for the lot and they get phuck all in return. Our services and infrastructure is getting worse by the day. What our taxes paid for 20 years ago no longer pays for same even though we are paying a hell of lot more in taxes (e.g bin services, full use of all roads/no tolls, etc)

So just a quick look at the headline decisions in our recent history that have played a huge part in our financial situation.

To our Left

Very high welfare

preferential treatment to people who don't work for housing above those who are working

The family home protected no matter what

To the Right

Bank bailouts

REITS/Vultures preferential treatment.

Corporation tax - why so low , why cant we as employees pay the same rate.

Own Species/Public sector

Bench-marking.

Not one forced job loss during the crisis.

Gold plated pensions that cant be touched - even do private pensions where robbed.

No accountability.

Until the unwashed masses that are our electorate (and I include myself as part of the unwashed) understand that its our perma-government that are the ones with the power not FF or FG and Sinn Fein will find this out when they get in that they cant unravel a system that has been in place since the beginning of the state. We need a serious over-haul of our public sector pensions system that rewards good public servants including politicians and people who look after their own interests or just clock watch get little or nothing. I have said on here before any government should cut the sh1t out and put up a 10 point plan of what they will implement and for every point they get implemented in their 5 years they get 10% of their allotted pension. I find it galling that some people in the system that have really phucked us over (Bertie ahern - take a bow my friend) are still getting more than most of us here who are working while in retirement all being paid for by us the tax payer and yet we are told this cannot be changed.

Yet here we all are with landlords blaming tenants, tenants blaming landlords, People with houses telling those who have not got one to "save and stop spending", those without a house telling those with a house "sell your house for less than its worth its all for the common good" Yet every issue with the housing market can be laid squarely at those in government both those in power and those behind the scenes with the real power and yet we will continue to slam other sectors who have had no hand, act or part in where the housing market is today.