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

Do governments think they have oppressed people enough with lockdowns and covid for the last few years that the general population can be beaten down into submission and just deal with what you said or will people actually rise up. I would like to see people stand up for themselves but as a society when it comes down to it we may just end up rolling over and taking it. This I suspect is what the government's are banking on if they go down that route.

It is an extreme risk to take, I don't think people will fold that easily somehow expecially if this stagflationary episode comes with high inflation, high unemployment coupled with a pivot, low interest rates and unlimited QE that is used to bail out the fiancial system and prop up asset prices and housing while the average joe is getting skrewed.

I would tend to agree with you, I don't think people will tolerate it.

I don’t think it’s because of corporation tax… they might be afraid that those countries tell us to take some of the full boats that hit their shores everyday.

Back to the foreigners again?

They are being “housed” in hotels, temporary accommodation, holiday homes, even peoples homes, none of which are practical long term for workers. None of which affect the price of housing. The State is not building houses for ASs.

More off topic posts.

Dublin commercial property had been heading towards a glut ever since the Brexit Bonanza of relocations failed to materialise. A 16-month lockdown was the final nail as it kept people away for so long they gave up and moved on with their lives.

Banks will stress test an extra 2% and we know that people are getting older and older to buy a home, so stringing it out to 30 years is not possible for many people.

Rates are going up, here and the world over. We will probably see rates at 5% at some stage next year or 2024. What will happen to those who want to take out 4 times their income to get a house?

Yes, you guessed it, if the banks allow it themselves, it means they will be paying 40% if perhaps more of their income on a mortgage.

This is exactly correct, inflation is not something that can be ignored.

There will literally be riots in the streets if people are unable to afford basic necessities, not to mention the fact that all discretionary spending will be curtailed collapsing the economy at large. Inflation trumps all, in addition the ECB's core mandate is to control inflation, everything else is secondary. They've been ignoring it as large interest rates will cause massive issues for all the heavily indebted European countries, but in the end inflation trumps everything.

Won't stop unless we have a Cab style response to corruption, cronyism where state finances are directly affected

One can protect themselves against blue collar theft but completely powerless against the White collar version

What are people thinking about how much if any prices will increase by because of the new LTI limits for first-home buyers?

At first thought I was certain it would push up prices, but now, not so sure, as there are headwinds the other way with rate rises and the banks may not give everyone the x4 limit.

It may also only affect prices at the bottom end, like apartments, 3bed semis and the like. Larger detached family homes may be unmoved as those homes are not your usual first time buyer house. In fact it may close the gap, as in the entry level homes get more expensive, but the detached forever homes may stagnate in price and depending on the market over the next year or two, may even fall as rates go up.

I guess we will see.

Are they close friends, and is Coveney implicated in his wrongdoing? I ask because I have a school friend who is currently a guest of the State, should I be worried that people think I’m in some way involved in his criminality?

All of a sudden An Taoiseach has his knickers in a twist about getting houses "rapidly" built. Better late than never if it does happen. Nothing to do with certain news stories over the last week of course.