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

Do you mean a laissez faire approach to the housing market, or to Governing in general? I don’t think anyone can accuse this Government of having a laissez faire approach to property/rental market, if anything their autocratic approach has made the situation far worse as a result of the legislation/subsidies introduced without consideration of what affects it would have, and those it will affect,

Eliminate all policies that increase price and push up land prices

Copy and paste Northern Ireland's independent low cost regulation model

Introduce a tax that covers the environmental and energy benefits of new homes. The tax would be based on the increasing savings of such technologies. The tax will be no greater than the benefit in financial terms and tied to the home. In effect 0 cost max energy rating.

Introduction of such measures may put us on track for a median income couple to be able to afford there own home in most areas.

For people under this income threshold, state build on state land for affordable rent prioritising working couples. The trickle down effect of increased supply eventually benefits all and for the state housing becomes a revenue stream rather than a yearly escalating cost

I think you should take the time to look up all legislation/Government intervention in the property/rental sectors, you could be the only person who thinks the Government’s approach is “laissez faire”.

A number of posters asked why young people would leave for Canada/Aus/New Zealand to escape High housing costs in Ireland. The answer may well be in the recently completed construction defects report

The state systems facilitate cowboy builders to build rubbish/firetraps through the use of shell companies. The shell companies are dissolved on completion of the project and the developers are held unaccountable for any defects

Not only are they unaccountable, but serial offenders continue to operate today, many are "reputable" members of the Construction Industry Federation which through there ex ffgpd politician leader lobby the government for favourable conditions that benefit their industry

The investigative panel attempted to find other redress schemes across the world that they could model ours on, however they could find none. This is guaranteed Irish problem

Who would make the biggest purchase of their lives in such a market? Knowingly flouting fire regulations should be classed as mass attempted murder and be a criminal offence. Operators on medical device assembly lines are criminally liable for poor work

How innovative of Glenveigh!

They will be marketed as being sustainable and eco friendly.

I think in relation to housing we are a long way off wants, this is a discussion on people's needs. Wants are way off in the distance, unreachable. People have been broadening their searches and as in the celtic tiger, it was a disaster, so it will be in the 20's

Just seen this interesting quote on last housing bubble today:

"The axiomatic error was that housing prices only go up. I don’t support predatory lending, but many of those lenders were severely wounded or didn’t survive.

They dug their own graves – a lesson we should all take to heart, including me." Elon Musk, May 2022

Fascinating quote as China's ongoing property market woes threatens to cause serious upset & potential finacial instabilty there:

China's property sales are set to plunge 30% — worse than in 2008, S&P says (CNBC 27 July 2022)

lucky we have learnt our lessons from the last property crash here - its hard for prices to drop when supply is kept artificially low for years on end

The idea that people should just put up with the fact that despite having reliable employment they will never have a stable enough living situation to start a family etc, is absurd. People will not put up with it. Either proper long term regulated rental market (unlikely) or populism will win out and we will get more government interference in the market. But the majority will not just suck it up.

A ridiculous attitude to markets in general also - any market should look to cater to many people at many price points. You can always buy cheaper 2nd hand cars, less luxurious models. But property is basically off limits to a large amount of people. Attitudes like @Dav010 are exactly why the market is as dysfunctional as it is.

As said long before, Sinn Fein are guaranteed big gains next election - I doubt they can fix things, but so long as they dont actively make things worse like Darragh OBriens shared-equity scheme, developer subsidy scheme, and so on, then its a positive.

The fact that you still see this as "whinging" is both hugely disappointing and an indictment on your stance here. You have made your mind up, nothing is going to change it.

I'm sure if we all gave up our Netflix subs and takeaway coffees we'd be grand, right?