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

I don't agree. Our central bank introduced some restraints on mortgage levels.

Our main issue is political decisions and their impact on our/State finances.

The financial implications of our political decisions is the control that will be taken away from us.

Quick amateur hour question folks - there's an apartment in my development which has apparently never been occupied. It would suit a relative of mine down to the ground, (and very few other people for various reasons).

I'm told it's "owned by the bank" by some of the neighbours, but nobody has further details and it's not under management.

How might I go about confirming who actually owns it, or approaching somebody with a view to buying it?

Yes all the American companies will happily pay these extra taxes and see their employees fleeced at 60%.

you severely underestimate the 2nd order effects in taxation. Remember Hollande in France? Wealth tax and 70% top tax rate? France is still suffering from the outflow of capital/wealthy people to this day.

The cynic in me thinks it will be more the state via HAP and enhanced leasing schemes paying the bulk of the rent on the new build BTRs and topped up by the tenant. Just look at the homeless HAP thresholds. Are the techbros/sisters really going to live in the new build BTRs in Cabra, clongriffin, ballyer etc paying 2 Gs a month? I have my doubts

The whole scenario looks like a unique opportunity to bring back supply of unused stock.

I've heard of voluntary donations of housing being refused for miscellaneous stuff like lack of some key attribute like lack of or broken heating boiler. Maybe such issues could be corrected for the cost of a hotel room for 3 weeks. Then you have a house for 3 years.

6k homes in the fair deal scheme, could surely be used for short to medium term again with a small bit of spending

Could we ask Zelinsky for a small team of builders to be excused and allowed to come here for 6 months to help in bringing some of our empties back to liveable condition for their women and children. They seem far more adept at getting things done over there. Maybe their women and children could do alot of it while we are thinking about it.

With regard to empties assess the condition and cost of bringing them back into use. Where the cost is viable to bring them back into stock, offer the owner to do it in return for the utilisation of the home for 3 years. Where the owner refuses tax the owner a percentage of the utility value of the home.

Tax waste more and work less.

This would be the most logical solution to the issue, the government funding the emergency refurbishment of houses which would be difficult projects for normal house buyers and people would be happy to see derelict houses coming back into use but I think we all know it'll never happen, councils will use their extra cash to outbid private buyers to meet whatever arbitrary housing targets the government sets for them, usual lazy public sector shite.

is it even safe to buy houses built in this country over the last 10-15 years.... looks like the state is facing as usual writing another blank check to resolve builders/engineers shoddy work...

Expert warns defective blocks likely more widespread and scheme could cost €5bn

Aidan O'Connell, who is a structural expert, told RTÉ's This Week he believes that up to 12 counties in total may be impacted by the issue and that the total eventual cost of the State's Defective Concrete Blocks Grant Scheme could reach €5bn.

"I am worried about this increasing over the coming years, because it takes a long time for the pyrite problem to manifest itself in blocks ... it can be anything from ten to 15 years," he said.

He also said he can see the cost of the State's grant scheme "certainly going well above the €2.2 billion allocated.

I would guess the government and council's would have to run it so they can give themselves the emergency powers for funding, planning exemptions etc, can't let anyone else break the rules plus leaving it up to a few different voluntary could end up with them competing with each other for builders if they all need to refurb say 2 houses each in the same town.

Now I agree with you it would be better because alot of councils are failing miserably to bring back into use their own vacant social housing stock for years

And what we see on the media is the government frantically searching for housing to meet the refugee crisis.

Simultaneously so much under utilised property under there noses, much of it in their own control

The first creditor listed on the folio has first call on the property. Whoever is listed first is the owner of the property.

The creditor obtained a judgement mortgage for non payment of a debt.

Student accomodation can fill a gap, when they are required back in Sept, holiday homes could be used. This buys time to get our house in order.

I don't think alot of people recognise the seriousness of the situation the world faces, there is a strong argument for rationing of fuel and food and we are not far away from famine in many countries. WFH should be fully re instated where possible for the summer months. That time should be used for park and ride facilities for the winter months as heating many people in a large office is more efficient than everyone having the heating on all day.

There is an absolute perfect storm coming, we need to be making full use of what we have

Just in case you were in any doubt that state activity was not fueling house price inflation

A case involving a company whose entire board were found to have engaged in fraudulent behaviour

This country is toxic