Housing Madness

https://www.rte.ie/news/business/2022/0308/1285193-cost-of-building-two-bed-apartment-jumps-14-since-2020/

The govt needs to provide cheap housing to those that need it, and lots of it.

The govt has been moving everything away from rural centers for decades. That's also a contributory factor in the problem.

Yes I know urbanization is a global trend.

Correction rural towns have been depopulating themselves for years. They got better tech requiring less work,so less people,so less shops, less need for anything in a place as there is no point with a dwindling local population. It is ridiculous how some rural folk blame Dublin for everything and don't look at their own part in the demise.

People didn't want to stay. Now things have drastically changed due to more WFH options coming up. I know plenty of people who have no plans to move back to their rural roots but others are.

BTW the government tried to relocate civil servant workers out of Dublin and they failed because not enough people wanted to move. The people have spoken not the government on this subject

I'm not rural, never have been. But almost half the people I know outside of cities are forced to come to Dublin for work or services that have been incentivised to move to Dublin or centralised in Dublin through cost cutting. You might call it choice, but people are forced into the cities.

We've taken 4 steps forward and 3 back with WFH after COVID. People are being asked back into the office, and if you have to be in at least 3 days a week, you can't make a permanent move away from the city. Companies now have a get out clause to refuse it.

Decentralisation failed not because people didn't want to move but because it was a shambles. Lots of cases, where they split families between two ends of the country. It has hijacked by local politicians, dragging offices into towns that weren't even on the national development plan. People weren't allowed to go where they wanted and Dublin was the lesser of two evils for them. Offices that need to interact were split up causing lots of travel between locations and often back to Dublin. People who wanted to move couldn't get places, people who didn't want to move were forced to move.

Don't blame the people for a dire plan that was hijacked for parish pump politics.

the market is far too volatile but easily be controlled

i feel sorry for those spending 400k on a 20+ year old 3 bed semi D.

buyers need to be more aware of house prices, to make more informed purchases, there needs to be complete traceability of how much a house was on the market not just now but if it was on the market last year or the year before etc

all house listings should have this information easily accessible be it daft or an AE listing.

to avoid price hikes like we are seeing today the government could have easily avoided this through taxation.

similar to rent pressure zones you could apply a threashold for how much more you can sell your house for vs what you paid for it where normal capital gains rules apply. If the house sells above that the a far greater tax is applied making it less attractive for higher bids

I don't see the need for a history of the prices which houses changed hands for. How many of them are changing hands regularly enough for that to be of any use? You have the Property Price Register since 2010, with full accurate information on actual sale prices.

https://www.propertypriceregister.ie/

It is not a register that house owners or estate agents or anyone else reports to. It is taken from the Revenue records of stamp duty paid on property sales. And it was set up because of a lack of transparency in house prices, the very thing you complain about.

https://www.irishtimes.com/news/property-price-register-published-1.739593

There is a shortage of supply in some areas leading to high prices, not a thing unique to Ireland. Your idea of getting round that by putting a maximum price and very high tax beyond that will just lead to higher prices again. If there are twenty bidders at the maximum price, the seller will take the one who is prepared to go to the point where the selling prices is enough for the seller to pay that tax.

I take the view that the property price register is part of the reason prices are accelerating. Another law of unintended consequences.

I know for a fact many people where I live are keeping a keen eye every time a house in the are goes up on it. Then if they are selling they add 10% to the asking price than the last one. Estate agents doing exactly the same when they do a valuation too.

The idea of taxation is to control rising prices to a above a certain threshold.

The market is still an open market

As some posters have commented, this could still lead to higher costs.

I have full understanding of how the property price register works, I dont think any of my posts suggest that

I think given we have a property price register there should be traceability/metrics of houses sold in the area linked to listed adds.

Not sure why your attacking me for my lack of understanding lol

Again you havnt read my post correctly, you see higher tax and attacked me based on that.

and if you read your first response, you did attack me!

My argument was based on creating a threshold. where within that threshold normal CGT rules apply should someone sell there house.

Outside of that threshold higher taxes apply.

The idea of this is to avoid crazy velocity within the market and hopefully to stabilize it.

I am not saying its right or its wrong

it was simply just a thought.

The point is now that it is transparent the EA can't lie and put 20% on the price So while you have the view that it was better that the public not knowing actual sales prices many others myself included view it as a great step forward by having more information.

This really isn't true. The government are using tax for the welfare of their citizens and other moral and legal obligations from international agreements. Now you can certainly argue it is a bad use of money but what is the real alternative? Do we bring back the work house and separate children from parents etc... that was the previous solution. The same arguments about the poor have been made for centuries here about them being lazy and looking for handouts.

So have you any constructive measures that don't just blame others

Why do you think I was asleep? I knew they were buying up homes and not building them. I don't agree with your analysis that this is using tax money against tax payers as it assume everyone is trying to buy a property.

I am asking you what is your solution to the people who need housing provided and subsidised by the state? We tried work houses what are you suggesting now?

You really don't have to repeat yourself just answer the questions put to you about what you are saying.

I dont have to be able to solve the housing crisis to be right in what I say.

Noone here can solve the housing crisis. In fact I would go so far as to say its gone too far now and will never be solved and cannot do anything but get worse and worse. They have let it go so far there is no going back.

But one thing i am 100% sure on is that if the people with resources and power arent solving it, us keyboard warriors are not going to be solving it either.

Bottom line is - people are paying for housing (prime housing at that) for other people who are not paying for it, while not being able to afford it for themselves because of the high tax burden and the high rents that government interference has caused. Now add into that equation, inflation and probably even higher taxes to come.

I am not asking you to solve the housing solution just to explain your views. You maybe a keyboard warrior but I actually provide accommodation preventing people being homeless.

People are not paying for housing they can't afford themselves. They pay taxes and the government provide services with that money. Here is a question that is not asking for a solution but what you personally feel, do you think we should reduce social services so the conditions are worse for those on it? You know kick them out of housing working people can't afford and put them in some remote cheaper location?

Let's be truthful so. The government didn't provide and fund a lot of what is known as council housing the Jesuits did because they didn't like the housing the state was planning. The state actually purely funding the housing was a short window. Views from the public about being given these properties owned by the state to the residents. This enriched many normal people and very popular with the population. Great for the government too as they couldn't afford to maintain the properties. Ireland was very poor and couldn't afford to maintain let alone build more social housing.

The public decried those on state benefits and still do as can be seen in this thread. The government never stepped back from the property market. They have messed around with it continually. The private market saved tons of property and revamped Dublin with Section 23 and other incentive programs. The government have failed in lots of way but to remove the public will from the equation misses reality.

The government introduced the RPZ due to public pressure. This is now driving landlords out of the market thus reducing the number of rentals. Ask the general public if it was a good idea and most will say it was a good thing oblivious to it making matters worse.

The myth is the government are responsible for everything I never ever heard somebody claim the private market would provide social housing so never a myth to start with

When you use a term like hyper inflation you better know what you are talking about and not exaggerating if you want to sound like you have a vaguely coherent point. You are not using it correctly and we are nowhere near hyper inflation but Russia's actions may mean we do see hyper inflation so you can learn what it actually means. Food prices are going to shoot up very soon best start gardening

more like yelp from a little doggie

they need to make it financially worthwhile for small landlords to stay in the rental market, and to improve the rental stock.

they provide the bulk of rental properties.