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

I didn't read anyone writing that it was 'OK' or 'acceptable' to attack anyone with a circular saw. Noting that someone is at the end of their tether is not the same as saying anything anyone does when at the end of their tether is OK. Might be a bit too nuanced for some but patently obvious to most.

And what about low paid workers in the private sector? A lot of these were classified as key workers during Covid. How do you define key worker? Nearly every job is needed to keep the economy going and could be classified as a key worker.

As for ‘tis only fair’ I don’t buy it…you are saying houses are prioritised to what you classify as a key worker over everyone else. If priority is given and more housing built for key workers it’s at an expense to someone else…it could be a home that a hardworking FTB could have bought.

A key worker is someone in the public sector providing essential services within the Health, Education or Infrastructure segments.

Teachers, Nurses, Transport Workers etc.

It isnt my definition, key worker is an established term.

There are a limited amount of homes and yes, some of those homes need to be prioritised for key workers, even if its at the expense of someone else.

Otherwise, only the highest earners gobble up all the houses.

I particularly disagree with the constant allocation of social housing to people earning no or low incomes. The govt should priortise key workers providing essential services, regardless of their salaries.

That doesnt mean we forget about everyone else, we should of course try to accommodate everyone. But in a world of limited stock and high demand, we have to prioritise someone, so whom would you choose, out of interest?

I could survive a long, long time without the services of the Departments of Health and Education.

The people who ensure there's a ready supply of food in my nearest Tesco are substantially more 'key' to my ongoing existence.

'Key worker' is a nonsense term.

Not according to your earlier post…would also assume based on your previous post that as there low paid and in the private sector the government should stop helping them with housing.

Moving away from public sector salaries - from what I can see, the housing market is heating right up again, at least in Dublin. High attendance at viewings, and serious bidding wars. Am desperately regretting not buying something - anything - during the lull over the winter. It's all very dispiriting.

Why shouldn't it happen there is no reason why modular homes cannot be put in to different areas in all counties including the likes of leafy Foxrock and Dublin city center. Let them object either take the modular home or hit the streets the days of Angie the single mum of 4 from 3 different daddies telling the state she wants a 5 bedroom house near mumsy in a nice south Dublin suburb with a south facing garden for the sunshine and one of her baby daddies staying there on the QT and working away should no longer be tolerated. Also if it was done right it would not be taking them out of the location but it is freeing up housing stock. Why should people be given houses for free or one set of workers prioritized over another, we are basically setting up a system for people who get up off their asses and work and do things the right way and they will never be able to buy or rent in the country but if your from a different country and fleeing from some kind of persecution or on the dole or your biased view of what an essential worker is that they should all be prioritized for a house which is wrong. We are all running the same race and jumping the same hurdles with regards to housing and the cost of living and every worker who pays income tax in this county is essential for the running of the country.

2 month on month drops nationwide on prices (5 month on month drops in Dublin) and at least another 3 Interest rate hikes coming the first this month hardly heating up its more like the electricity has been cut and the pan is no longer boiling over and the sauce is cooling down. So you will excuse me if I think you may be a bit of a Ray Charles with the "from what I can see" analysis.

Its not and the figures have what your seeing as being the narrative overall. I mean its not just the interest rate hikes it the other costs that have been hitting would be house buyers not to mention the bank still has to do its due diligence and stress test at at least 2% above the rate, that will lock a hell of a lot of people out of the market. Not to mention people will see the stats 5 price drops in Dublin month on month and 2 in the the first 2 months of the year not to mention the threat of another 3 rate hikes coming up so it would be insane for someone to buy now when all trends are showing prices are coming down.

Its the right move, we need rental properties at all costs. State controlled cost rental is the way forward I believe, long term secure tenancies and moving away from home ownership like mainland european cities. State can recoup most the costs through the rental and retain the property rights.

5 month drops in Dublin are the same as what happened in the winter of 2014 and 2018 as well, all 3 amounting to about a 2% drop in sale price over the winter. None of those resulted in a continued price drop as we all know. The interest hikes will obviously most likely have a cooling effect as they're expected to, but I wouldn't be especially convinced by a slight undulation of the CSO graph.

This isn't particularly motivated reasoning on my part, because even though I'm a homeowner I would prefer a cooling of the market (both to allow some of my peers to access property, and to make it easier for me to upgrade in the coming years).

A lot of prognostication, but as always its trying to over-fit the model of the GFC property crash to the current datapoints, when the fundamentals are vastly different.

Did you just read one sentence and lose the head and mash the "Post Comment" button? If so, please look back at the very next sentence where I acknowledge the differentiating circumstances of the interest rate hikes.

I'm not even disagreeing with your conclusion, just that it's far from definitive and you're cherry-picking sparse data for your own reasons

Both houses are livable right now but both need work, especially house no 1.

House no 1 is currently single glazed, gas boiler on it's last legs and has water damage/discoloration in a small part of the kitchen ceiling due to a leak from the upstairs bathroom. The estate agent said it's all sorted and all it needs is some paint to but i contacted a builder buddy and showed him some pics i took. He said it's very fixable but you're looking at a couple of grand to resolve.

Finally the kitchen & bathroom is outdated and both would need to be upgraded.

All in you're looking at at least 15-20K (and probably a good bit more) to do it up.

Considering the work required the property it's well over priced imo and hence may explain why there isn't any offers on the property/why the estate agent was keen to get us back for a 2nd viewing.

That's an argument for another day but your talking about a tiny minority not paying.