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

Yes I agree and have asked the question myself of potential SF voters. Not had a reply yet.

Essentially, I dont see how SF will benefit the average worker in terms of housing access.

Their policies are aimed at those that qualify for social welfare only and there will be a negative impact on everyone else as a result.

Its amazing that people arent seeing that, especially the younger folks who have a career ahead of them.

How do you get a "lifetime tenancy"?

Does this mean that this is a council owned house and they are selling? Or is there a literal lifetime tenancy contract that is legally binding? It's a nice looking house (from the outside anyway).

https://www.daft.ie/for-sale/semi-detached-house-23-orchard-lawns-ballyfermot-dublin-10/5440068

I see what you are saying and emergency accom is of course playing a large part in taking up any new stream rental accomodation and diverting that stock away from the private market.

But people on the social housing waiting lists are also being accommodated in govt purchased homes. (new homes, purchased from private developments)

So even if there was nobody in emergency accom, there are still 10s of thousands on the social wait list.

Dublin City has 13k on the wait list alone. Thats about the same as the total emergency accom count for the whole country.

Emergency accom and social wait list combined are certainly hoovering up available rentals new to market and of course, many hotels are taken up with the same cohorts.

What does need to happen is that the local councils start building their own council homes again, rather than pilfering private stock.

DLR built 2 social housing units in the whole of 2022....thats a disgrace by anyones standards.

But I do agree with you and have said it myself that although SF may want to embark on this massive social home building venture, where are they going to get the funds and the labour from, without negativley impacting the 25k-30k private homes that are built each year and are needed.

I dont think SF have an actual costed plan, nor the answer to that question.

I think it looks well kept, so not likely a non-paying tenant or troublesome tenant or anything like that. I think there may be some kind weird tenancy clause thing going on here that I've never heard of.

€1250 for mortgage interest relief and €800 for the rental credit, that'll probably go down like a lead balloon!

Also, it appears the vacant home tax is being raised from 3x LPT to 5x

We've moved beyond social housing being a priority, Ffg have made such a mess of this, what should be the priority is build to rent for teachers, SNA's, nurses, guards and all the other professions (public & private) that are required for the smooth running of our country. We are currently loosing these to countries that value them more after spending loads to educate them to that level.

Call this a thank you scheme for the front line workers we were lauding during Covid but kicking since covid is no longer an issue

Doing this would add supply in a cash neutral or revenue positive manner for the state, availing of this Lower cost accomodation allows

Housing security for the beneficiaries

Allows them to save a deposit for there own property allowing them to move on and make the house available for the next participant

Participation disqualifies from ftb grant as your getting protected from the private rental sector, saving the state a significant amount plus cooling new house price inflation.

The state providing btr would flush out the land hoarders, knowing that a competitor adding supply would devalue there land if they continued to sit on it.

Supplying build to rent only would prevent the state from gifting state assets to private individuals which is of little no value to the taxpayer. I saw a former council house on the examiner newspaper in Kinsale expected to make 1,000,000 at auction.

What the government have been hinting at is providing the funding for apartment complexes that have planning permission but have not yet started.

If they have not started in a period of 0 interest rates,

0 tax on investment funds,

a planning system that is used to increase the value of land rather than get anything built

Stable prices on materials and labour

One would have to assume that these projects are severely unviable in current conditions and land prices therefore exposing the taxpayer to potentially enormous losses. This is what I meant by the state being potentially the last fool in the market

Much better to develop property on the states own land

Many TDs have rental properties. There probably aren't too many of them trying to buy their first house..............

I'm just proposing solutions, not a spokesperson for SF. Being honest there call last week for mortgage interest relief was the final straw.

Mother of sweet divine Jesus more monty phyton comedy from from the budget

Help to buy us being extended to those availing of affordable purchase scheme.

How do they announce this madness and keep a straight face

Just look back to 2005/6 when they abolished it for a year and house market flat lines…reintroduced a year later and price went up.

Not a hope unless there's a huge crash again (seems unlikely), at which point unless you have cash on hand you're still gonna be sh1t out of luck

you might have to cut your cloth. look for 2 bed houses where the attic can be easily converted, or 3 beds a bit farther out. not ideal but better to be on the ladder paying a 1000 pm mortgage, than renting for 1600 pm

I get the sentiment but it's not that simple.

If SF come in the sales market will become exactly like the rental market: zero supply, especially at the lower end. Currently the government is only meddling in the rental market (HAp, social tenants living in far more space than majority of lower end of working-non-social housing population etc).

government is not the solution to the problem, government is the problem