Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

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

17172737476

Comments

  • Registered Users, Registered Users 2 Posts: 1,265 ✭✭✭Emblematic


    Let me ask you a question in return: how do you think the crisis is going to be solved without building accommodation both in the city and outside?

    This idea that if everyone upskills (as suggested in the post I was responding to), the crisis will be solved, is simplistic and fails to take into account how the market would react in such a circumstance.

    Part of the solution will always be building. The other aspect will be tighter control of population growth (mainly due to inward migration).



  • Registered Users, Registered Users 2 Posts: 5,347 ✭✭✭BlueSkyDreams


    Yes. If that isnt a good place to build apartments that are not reliant on cars, then nowhere in Dublin is.



  • Registered Users, Registered Users 2 Posts: 1,265 ✭✭✭Emblematic


    In fact, there was a story a few months ago about a couple of lads who had a successful business objecting to developments on environmental grounds. What they would do when they got wind of a development, was lodge a mild complaint about environmental concerns. The trick was not to be too dramatic and get the development shut down in the early stages (the developer would simply move on in this case, no money in that) but rather have it just serious enough to have the application go to the appeal stages where it could potentially drag on indefinitely. At some stage, the developer would cough up a "consultancy fee" to the lads, and the environmental concern would magically disappear.

    I would imagine this is just the tip of the iceberg.



  • Registered Users, Registered Users 2 Posts: 4,150 ✭✭✭Greyfox


    The problem is getting a home anywhere is difficult, not just Dublin. If you own a pub, shop or restaurant in Dublins city centre staff are not going to be willing to commute a large distance for minimum wage, they would instead get a job closer to where they live.



  • This content has been removed.


  • Advertisement
  • This content has been removed.


  • This content has been removed.
    Post edited by Unknown User on


  • Moderators, Sports Moderators Posts: 29,946 Mod ✭✭✭✭Podge_irl


    Sure it creates an ever declining educational opportunity, sure it creates an ever dwindling healtcare capacity

    These are both literally the opposite of true.

    Foreign fee-paying students fund under-subsidised Irish students in most courses and immigrants avail of healthcare far less than the native population and indeed supply significant resources to the HSE in both taxes and manpower. Healthcare capacity is dwindling due to aging Irish people.

    Also given the ever increasing retired population we need sufficient workers to fund it, which won't come naturally.



  • This content has been removed.


  • Registered Users, Registered Users 2 Posts: 27,473 ✭✭✭✭GreeBo


    That's irrelevant if there is no where left to build on.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 27,473 ✭✭✭✭GreeBo


    Great, so they can work outside of Dublin and/or the wages for these roles will increase.

    Currently 1,558 properties for sale in Dublin for 475K and under.

    Also heres an idea, if you are on minimum wage, maybe you shouldn't be looking to buy a house, nevermind one in Dublin

    Post edited by GreeBo on


  • This content has been removed.


  • Registered Users, Registered Users 2 Posts: 333 ✭✭Hawkeye123


    Yes but we inflated house prices with 200 billion euro of borrowed money. Can we afford that? What if the multinationals run into difficulty?



  • Registered Users, Registered Users 2 Posts: 5,347 ✭✭✭BlueSkyDreams


    Well the banks arent offering large LTV multipliers anymore and so I'd say people can afford it for the most part.

    If the MNCs run into trouble, that could cause problems of course - but they may not. The job cuts look to have stabilised.

    There are a lot of people with a lot of money in the country and the mortgages are relativley affordable, especially when contrasted against the price of rent (dead money).



  • Registered Users, Registered Users 2 Posts: 31,111 ✭✭✭✭blanch152


    1,519 properties in Dublin currently listed on myhome.ie for under 450k.



  • Registered Users, Registered Users 2 Posts: 5,347 ✭✭✭BlueSkyDreams


    Govt will increase new homes target to 50k per year, this year I believe.

    Probably an acceptance they wont hit it this year or maybe next, but good to see a more relevant target.



  • Registered Users, Registered Users 2 Posts: 3,344 ✭✭✭Blut2


    They'll increase the target to 50k homes a year immediately before they're voted out of office, so that they can point to the next government as failing to meet housing targets from the opposition benches. Unlike the current government which met every target (at the ridiculously below whats required level, of circa 30k a year), obviously.

    60k a year within 3 years should be the goal, with exact, realistic plans outlined on how to expand to this level consistently.



  • Registered Users, Registered Users 2 Posts: 5,347 ✭✭✭BlueSkyDreams


    Except the current govt are likley to be returned...



  • Registered Users, Registered Users 2 Posts: 3,344 ✭✭✭Blut2


    paddypo.jpg

    The bookies disagree.

    They generally tend to be accurate about these things too given they lose very large sums of money if they're wrong.



  • Registered Users, Registered Users 2 Posts: 31,111 ✭✭✭✭blanch152


    Not really an accurate bet. There are no odds currently offered on Paddy Power on the composition of the next election.

    Betting on next Taoiseach has to include certain factors, will there be rotation, and if so, who first? Will the current incumbents be retained as leader?

    Based on that, MLMD is bound to be favourite, because the boys in Belfast won't remove her no matter what the result if they end up in government, and secondly, if Sinn Fein are in government, they will insist on first go.

    To sum up, those odds mean nothing.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 3,344 ✭✭✭Blut2


    Those are Paddypower's odds on who the next Taoiseach in Ireland will be. No, more, no less.

    They very much suggest MLMD is expected to be our next Taoiseach by the people who have large amounts of money on the line. Which means Sinn Fein will be the major party of government after the next election.

    Which means according to the people who know best in Ireland its the most likely outcome that the current government isn't going to be returning, in direct contrast to what the post I replied to suggested.



  • Registered Users, Registered Users 2 Posts: 5,347 ✭✭✭BlueSkyDreams


    Paddy Power are not the all seeing eye of politics.

    Also, those odds are specific to leader, not party.

    If you asked the same question to most political commentators, they would not agree that it is 3 times more likley SF will govern vs FF or FG.



  • Registered Users, Registered Users 2 Posts: 31,111 ✭✭✭✭blanch152


    I have just explained in simple language how the odds for next Taoiseach are unrelated to the odds of Sinn Fein being in government because of complications around the formation of coalitions and potential retirements of leaders. Paddy Power are not currently offering odds on which parties will form the next government.

    Your example is like using the odds of next manager to be sacked to determine which club is going to win the league.

    The odds on who the next Taoiseach in Ireland will be are that, no more, no less. They tell us very little about which parties will be in government.

    Similarly, Sinn Fein are favourites to be the largest party after the next election, they were also the largest party after the last election, but they ended up in opposition. Pretty much the same outcome is likely.



  • Registered Users, Registered Users 2 Posts: 3,344 ✭✭✭Blut2


    odds1.jpg

    The odds for SF to be the largest party are even stronger. The bookies prediction is SF as the largest party in Ireland, with Mary Lou as our Taoiseach, by quite a considerable margin.

    These aren't just the odds with Paddypower either, its the same with any bookie that offers political betting.

    Political commentators have no skin in the game, it costs them very little personally when they're wrong. And/or they have their own political biases. Their predictions are far less accurate than the bookies. Because when the bookies are very wrong it costs them prohibitively large sums of money.



  • Registered Users, Registered Users 2 Posts: 3,344 ✭✭✭Blut2


    "the odds for next Taoiseach are unrelated to the odds of Sinn Fein being in government" - actual lol. Do you think Mary Lou is going to get voted in as Taoiseach if SF aren't in government? Do explain how exactly?

    Mary Lou having the lowest odds of becoming Taoiseach means the bookies think SF are going to be a dominant party in our next government. Because if they aren't she won't be becoming Taoiseach. Surely thats rather obvious.

    If our current FF/FG/Green government is returned, as the poster I was replying to claimed is odds on, Mary Lou is not going to be our Taoiseach. But thats not the most likely outcome in the next election according to every bookmaker in the country.



  • Registered Users, Registered Users 2 Posts: 31,111 ✭✭✭✭blanch152


    Sinn Fein are the largest party in the current Dail, they are not in government.

    Neither of the two sets of betting odds that you have produced say anything about the likely formation of the next Government.

    They say a certain number of things as follows:

    1. Sinn Fein are likely to be the largest party in the Dail after the next election, according to the bookies, like duh, have you seen an opinion poll?
    2. MLMD is most likely to be still party leader after the next election, again duh, If Leo or MM drop seats, they are dead meat, MM will resign rather than go into coalition with SF, MM and LV have more chance of losing their seats than MLMD, therefore those possibilities reduce their likelihood of being Taoiseach, even if their parties are in government.
    3. If SF do go into government , they will be the largest party and more likely to have Taoiseach post, whereas MM and LV, if they end up in government are 50/50 on who is Taoiseach first.

    As I said already, the odds tell us nothing about likely government, only about what they say they are about.



  • Registered Users, Registered Users 2 Posts: 31,111 ✭✭✭✭blanch152




  • Registered Users, Registered Users 2 Posts: 3,344 ✭✭✭Blut2


    Its rather hilarious seeing you tie yourself in knots trying to ignore the numbers here. The bookies figures aren't political, they're based on cold hard money. "the odds for next Taoiseach are unrelated to the odds of Sinn Fein being in government" is a genuinely hilarious line of argument of yours, you've either got no understanding of Irish politics or are deliberately trying to ignore the real world.

    There is absolutely zero possibility for Mary Lou to be Taoiseach if our current government is returned.

    If the most likely outcome of the next election was a return of our current government then the favourites to be Taoiseach would be one or both of Martin and Varadkar. They're not, by a long shot.

    The odds for our next Taoseach tell us very explicitly who is most likely to be leading our next government. Which is Mary Lou apparently, by a large margin. Which will require SF being in government, ie a rather significant change in government.



  • Registered Users, Registered Users 2 Posts: 7,088 ✭✭✭Clo-Clo


    Let's wait and see. In terms of numbers if I was you I wouldn't be lecturing anyone. Remember the old tax post 😂



  • Advertisement
  • Moderators, Sports Moderators Posts: 29,946 Mod ✭✭✭✭Podge_irl


    If the most likely outcome of the next election was a return of our current government then the favourites to be Taoiseach would be one or both of Martin and Varadkar. They're not, by a long shot.

    Whatever about anything else, this simply isn't true as both of their odds will be essentially doubled by the nature of the arrangement.



Advertisement