"average Dublin house prices should fall to ‘the €300,000 mark" according to Many Lou McD.

Why? ignoring the whole debate around if 300k is even possible Irish homeowners hold massive political power. Telling these people that there main assets is going to be worth less and worse than that the plan is going to put some of them into negative equity is never going to be well received.

SF like every other party support NIMBYs who don't want houses built of a whole host of reasons. A lot of these NIMBY objections can be boiled down to the new housing will negatively impact the value of their home.

Everyone wants affordable housing provided it doesn't impact negatively the value of their home. There is an obvious contradiction there.

The blowback is to be expected. However most older voters/homeowners won't be voting for them anyway I'd guess. Where SF might lose votes is from younger voters who only bought in the last few years. These are the voters who would be most impacted by SF proposal.

Mary Lou and SF mistake was to put a number down as it exposes the contradiction/differing interests voters have. 99% of the time the contradiction is ignored or glossed over by most politicians and commentators.

Here is the SCSI data for the GDA:

Hope they're paying tax on the night work.

Sinn fein If they get power will find out the hard way, just like liz truss discovered, that the markets decide what you can and cannot do when in power.

Whoever owns your debt owns you.

A thought occurred to me today...

A lot of FFG supporters are pushing the idea of their long, long awaited planning reform as the solution to our housing crisis.

While I think reform is welcome and will lead to some improvement, can anyone tell me what the expected positive impact of this centrepiece of FFG housing policy will be?

Will output increase by 30, 50, 100%?

We've long heard about SF's 'magic money tree', this sounds very much like a 'magic productivity tree' to me, especially with what looks like worsening staff shortages.

Have you read EOB article in the Sindo? Are we allowed to post it here?

Is that how bad you think things have gotten under FFG, you want us to do without teachers and doctors to spare a few houses?

Or do you mean me having kids!

There's things the state could do like incentivising apprenticeships etc that would certainly help.

I think it's far too late to bring in foreign workers as there's definitely no houses now.

I'd say a national housing entity with a very precise function (build lots of houses) would be the only way to go at this point.

I'd figure it could be cost neutral given how much is already being spent by the state a) buying at inflated cost from the private market and b) managing contracts and spending with the plethora of housing NGOs out there.

Obviously if we have to go this route it's best not leave FFG in charge.

They'd probably end up with Phil Hogan's driver as CEO, or bringing back Angela Kerins.

Eoin O’Broin says that they can build 21,000 public housing units in a year, and reduce costs at the same time.

Surely if you massively and rapidly increase demand for something which is finite, then the cost must also increase? This is basic economics, no?

In this case, how do you ramp up the demand for construction labour and materials without ramping up the price?

BTW of those 21,000 homes, only 4,000 would actually be available for purchase. The rest would be cost rentals (4,000) and traditional social housing (13,000).

The shinners know as much about basic economics as they do about astrophysics... maybe they will rob a few banks and ramp up the protection money on the drug dealers to pay for it😂

Did he get chat get to write that? Not one example provided by him of how SF will actually get the houses built and furthermore at a cost that would allow them to be sold at 300k (and he now even mentions 250k).

What a muppet.

 the owner is restricted to whom they can sell and hence not on open market then why would any bank lend towards these

not just restricted to whom they can sell but they can only sell at the “affordable” price of the day.

So you could live there ten years, pay down a big chunk of the mortgage, and the housing minister can decide, sorry houses need to be even more affordable, cuts the price and just wipes away a load of your equity.

It’s utterly batsh1t.

Has anyone ever read any of Eoin's books? because I hear it fired out all the time but yet to find someone who read it