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

Slimy revolting treachery against a generation who can't compete with funds and councils

This government has brazenly sold out a swathe of the population as revenue generators for foriegn pensions, and has the temerity to persist in efforts to convince everyone it's for their own benifit.

The sooner they're gone the better, even if SF won't improve things.

Bang on. But they keep doing it... And right in front of our faces. Everytime time I see our housing minister on rte, I get instant elevated blood pressure!! This madness has to stop. I really do hope everything goes bang, a mass reset is what's needed.

SF won't do diddly squat. The Left, for the most part, are no threat to globalism as they represent an ideology that goes well with consumerism. Mass immigration, social housing and big spending in general by the state makes corporations salivate as there are plenty of government contracts to be snatched up. All that SF will do is promise the earth, the moon and the stars and burn out the funny-money press trying to deliver it.

We're beyond the point of fixing things with an election. As I've said before, the Irish civil service has been filled to the brim with people who are hell-bent on pushing globalist agenda either because they are invested in it or, even worse, because they are utopian ideologues. These people don't come and go with elections, and if any politician tried to take them on, the media and the Twitter harpies would drag them through the mud.

However, let's not fool ourselves into thinking that this is some dark cabal that has taken over the country. The Irish electorate has, for decades, voted in parties who espouse the above. Furthermore, the bureaucrats who fill the ranks of the civil service are not some alien lizard people (though in some cases, I could be convinced otherwise). Rather, they comprise Irish people and are representative of the status quo of the population. What I’m saying here is that none of this was really forced upon us. Whilst there was and always will be manipulation though the media by interest groups, at the end of the day, the Irish people chose to sow the harvest that we are now reaping.  

I think anyone buying a house in the next 6 months should be prepared to go into negative equity

That's fair that people would not buy them at their current price of 400k, but that is because we need a decline to continue. By not allowing funds to purchase these properties (and others) they will sit on the market a depreciate in value until they reach an amount that the general populous deems acceptable and then begins to purchase them. The less properties funds can buy into, the more on the open market, the lower the price because demand wouldn't outweigh supply by as much as it does now, and the better off we'd all be. It wouldn't "fix" the situation. There is no silver bullet, but it would start a reduction in prices.

I’m not suggesting some sort of insurgence. Rather, I’m merely saying that anyone who thinks that voting out FF/FG will bring a change is deluding themselves.  

i do completely agree with this statement, we ve no real ideas on how to resolve our property problems, and absolutely, sf wont come in waving magic wands, this is gonna take years, if not decades to resolve, dont be surprised if the situation deteriorates under sf, theyre gonna struggle....

the problem goes far beyond ffg, other major institutions such as the ecb are helping to worsen the situation, we re stuck in a catastrophic failure at a fundamental level, possible/probably a catastrophic collapse, and nobody knows where it ll end up.....

sf will also be stuck in this situation, with severe limitations in place in order to change things, we re all waiting for more global changes to occur...

Probably a quote that sums up housing

"The construction/housing sector is like a spoilt child, the more money you throw at it, the more it comes back looking for more"

Lorcan Sirr on the Mick Clifford podcast

You may have noted from headlines yesterday that the construction raised concerns over building pre fabs for refugees. They feel that there inferior quality may damage there reputation.

There reputation must have been of little importance in the recent past.

Note the difference in money paid out by European governments in redress and shoddy workmanship compared to Ireland plus the degree of potential defects left incovered

I don't see how prices can fall at all - building inflation is rediculous, the government is buying half of all new builds at present and the housing minister said recently they'll need 35k houses for Ukrainians that stay on permanently over the next 5 years iirc. Until the IMF are back in town I can't see prices falling!!