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

I hope Bruce Springsteen booked his room in advance

The second paragraph of that article states there will be two quarter % increases - one in July and one in September. The debate is whether the increases will be higher than a quarter % and that has not been ruled out.

Watching the ECB 'threatening' to tame inflation is reminiscent of the unintimidating drunk at the pub loudly asking his friends to 'hold me back'...

We should be aggressively attempting to turn our beef and dairy farmers towards the likes of hemp. As you say, heavily subsidised and unprofitable without grants as well as being inefficient and unsustainable in a general sense. The last few years with the decline in meat consumption it should start to become clear that in fact beef and dairy are not necessary for our diets.

This is something that could in fact be part of a sustainable future investment plan for the country but of course FF and FG don't want to plan for the next ten, twenty, thirty etc years. Rewilding, reopening the countryside to walkers instead of allowing landowners to fence in their open field and not allow anyone walk through/in it is ridiculous. The least densely populated country in the west of Europe and we have a housing crisis, partly because we are stuck in this 50 years ago mindset while tip toeing towards a different economic model; change is hard for the majority of Irish people, particularly when it comes to land.

Also just to remember that slowing inflation means current prices stay the same and don't decline. So people will, unless they have gotten 15-20% increases in their cash the last two years, struggle to meet current prices. With the employment shortage, it seems to point to higher wages still in order to attract employees. Or else more flexible working conditions, eg wfh or work from another country. Difficult to predict but worth noting that the central banks control the asset bubble so it can be predicted what will happen if you follow what they are doing. The sense that interest rate rises might not happen soon or be lower than anticipated is likely an indication of the opposite that will happen; the central banks do like to try not be governed by market expectations so I think to get relaxed about rate rises now would be to do so at your peril. What that means is be careful with a mortgage rate that isn't fixed, which may end up being a couple or more percent higher in a couple years, and how much extra hundreds per month that will cost.

I thought it was just me.......allow farmers to fence in their land 🤔

Oh, well you've told me.

Stick to farming I think and discussing these matters with the animals.

Rather good vid explaining how housing is where it is, applies to the US, but people will see the similarities with our own

Good advise for potential buyers at the end

Farming is the backbone of the economy if you strip out all the MNC’s. Yeah kill that and replace with trees forcing more people into urban centres it would definitely improve the housing crisis!!!!

Farmers are an important part of the eco system as long as it is not intense farming.

Don’t throw the baby out with the bath water

More HAP is higher rents in Ireland and therefore higher wages needed to pay for these rents for those not getting the HAP. More government spending being wasted on propping up the housing market.

Surely SF are reaching a saturation point at these polling levels?

Latest poll shows Sinn Féin is more popular than Fine Gael and Fianna Fáil combined

That's insane. Guts of a million euro for a house in an estate, with a small garden. It's a beautiful big family home and Maynooth is a very desirable town but 600 to 700 is where it should be. If it was a one-off with a large garden, avenue entrance etc, maybe. It can't be the dream for someone with a million to spend, so more likely someone stretching themselves far too much - which may end in tears. Too much risk at this point.

@BettyBoo2011

Some people here have already opted for the latter. All I see out of the current administration is deliberate effort to avoid any supply-side solution.

Pretty much my story. Since Covid-19 (or rather the Irish state's fend-for-yourself response to it) trashed my life, not wanting to deal with Ireland's A&P market post-Covid was a no-brainer. Everything I have read in the news since actually leaving mid-2021 points towards biting the bullet being the right decision.

The census results should be interesting. I think more people left and never returned than the CSO estimates captured.