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

Yeah as you say it's only rumours that I am hearing but the fact I have heard off a good few different people in the construction sector brews my suspicion. As you say a huge player in the construction sector, if in fact they are looking for investors to pump in liquidity then it could be a perfect storm when interest rates and monetary tightening beginning to happen.

Well that depends if you’re already a property owner….

despite all the doomsayers buying a grandcanal BTL was one of the best decisions I’ve made towards that target. City centre apartments (min C energy rating) are still grotesquely cheap in Dublin given that hotel rooms are all 200+ a night.

The system penalises workers without assets over asset owners. The population of the former is growing fast while the latter are dying. This has consequences, people here call it populism

However democracy is populism in practice

If you want to see how that Pans out for a country, check out Italy.

Of all the new builds last year less than a third made it to the general market so you may have a strong point, however for every one in such a position, how many have adult children in there home with decent jobs who can't get a house and rent is too expensive.

One would expect everyone in that household to vote against the political parties that brought about that situation

There are tons of FTB buying every month. Surveyors and solicitors are super busy. Landlords are net sellers, ie lots of people become home owners currently. Owners will stay the majority forever. And most of the oppositions plans are about taxing income and abolishing property taxes, ie benefitting asset owners even more and discouraging wealth building.

Also property in Ireland is still super cheap despite the current narrative. Builder on brink of bankruptcy tells me house prices have to go up further.

That comment says more about a single builder and less about the state of the property in market I'd suggest.

The have not’s aren’t doing too bad (get more money thrown at then than in any other country). The aspirational middle class is getting fleeced. But they want more left wing failures, so no sympathies here.

hope the troika gives this kip another kick in the teeth sometimes this decade.

the joys of buying property in ireland - pyrite, mica and fire safety hazards

as usual tens of thousands in hidden unexpected future costs for owners with zero accountability by anyone

many owners stuck for years unable to sell - the article below is an eye opener for anyone even remotely considering purchasing an over priced apartment in this country

throw insane property management fees and inflation for repairs into the mix and you have the perfect storm

theres no need for have nots in modern society, as we know how to create sufficient amounts of money in order to provide all with their needs, but we have decided the best thing to do with a significant amount of this money is to use it to inflate asset prices such as property, this in turn creates major issues in our societies as the have nots struggle to meet their needs, in particular their property needs, as asset prices continually move away from their abilities to afford....

once again, most money created actually gets 'thrown' at asset markets, in an attempt to inflate prices, and it largely works, so the have nots virtually get little or none of it!

the middle classes are also getting screwed in all of this, as they to require access to these asset markets, primarily property markets, the largest expense in ones life is meeting their property needs, i.e. rental and purchasing.... modern political and economic ideologies also depict that taxation is moved away from wealth and towards labour and consumption, this is primarily towards the middle classes again..... so you ll actually find, the 'have nots' play little if no role in all of this.......

the troika were introduced to enforce this dynamic, and it worked..... baring in mind, some members of the troika have admitted post crash thats its polices have completed failed, and should not have been implemented in the first place.....

Whatever about houses. You be off your head entirely to buy an apartment.

Far far too much to go wrong.

country is already being bankrupted when councils are paying 800k for a social house. is there honestly any answer to this mess? the more i think of it the answer is No. id question the sanity of anyone under 35 voting ff/fg when you see things like this tbh

I would agree, however they are smart and appear on paper to have a better housing strategy (not very hard in fairness). The government(s) of the last decade have left the door open for them so they should be held fully responsible

This is not uniquely Irish situation. 60% of the French voters that bothered to come out voted far left or far right. Stormy waters ahead

I'm sure there is lots of ftb's out there. There are significant savings out there that need to be hoovered up.

If their is one thing the great unwashed learnt from the last bust its that the cautious and prudent got burnt. The wrost thing that could have happened you was to be without a house whatever the cost.

I'm not so sure that particular trait will remain for the next bust, given our national debt and our rather expensive social housing program and health care issues.