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

Yes there is a problem the problem is no QS firms or Individual is going to spend a 30-40 hours pricing such a hypothetical housing estate unless they are paid 5k+++ for the work. To get a sample size of 50+ price comparisons for the whole country would cost a quarter of a million++. This was not like for like pricing. It was data pulled together from from existing jobs they had priced.

And I still stand by that in the case of Louth that the finish could be higher to entice buyers out there.

Similar is supposed to be happening in a couple developments that are in a village outside Limerick. Houses are slightly larger with a higher standard of finish.

It would also prove my point to that QS just pulled from existing data they had

Look to be honest, hometruths there used to be a poster here called Property Queries a few years ago predicting a house price collapse to happen every six months a few years ago. It never happened.

In general the majority of young people buying a home will always spend as much as they can afford on a house. Developers building in Louth just like the builder outside Limerick are just giving buyers a different option. I did not know you were posting about an affordability gap for houses in Louth.

Developers/builders like any other business will try to maximise profit as much as possible. However they also have to compete against other developers on other sites. They also compete against the second hand housing market and against the option of doer uppers.

This Generation are generally not into hardship. They are not willing to move into a house with no washing machine or dishwasher not to mind a house that has bare concrete floors, no curtains and is not painted. The developers in Louth will are looking to maximise there profit by attracting buyers from Dublin who are willing to live in Louth and commute in and out of Dublin.

So the house may have a slightly bigger garden, it may have a slightly larger footprint, the appliances could be of a better make maybe Miele or Bosch than Indesit or Candy.

So the SCSI bang out an email to members looking for price comparisons for 85sqM three bed semi's. They will hardly specify every detail down to electrical fittinf, loos and appliances. The CQA in Dublin will dip into his file and there will be costings for 8O sqM houses in a development of 1K+ houses and he will bang them off, he may or .ay not doctorthem slightly. The QA in Louth will pull out costings for 99sqM houses in a 200 house estate and send them off.

The QA in Cork city prices for a 500 house development 85sqm in size etc. Th SCSI will probably have to send repeat emails to the QA's that work by themselves maybe even ring the lad in Leitrim who tells them he has no data for such a house and they encourage him to get some sort of figures. Or maybe he had figures for a development of 4 or 6 houses build on a brownfield site in a town in Leitrim for the local Authority

As the saying goes there are

"there are three types of lies, lies, damm lies and then there are statistics"

Ya maybe they cooked up the figures around the country. But your argument that these was costing for exactly the same hypothetical houses was never a reality. As I posted to price such a house takes time, the timing of the figures could even be 6-12 months apart as QA's pull prices from different projects.

That Is not to say the figures are a reality of what is happening on the ground

.

you have such a black and white thinking when it comes to data or statistics it’s crazy and this isn’t the first or only case and it’s not just me calling this out as multiple posters have tried to do so over the years.

you don’t need a report or some statistic to realise that if house prices drop by 30% that new builds will slow down or stop.

I am still at odds why modular homes have not been built in large scale. They could be used for those gaining a house on the social and the influx of refugees coming into the country. All people who are currently housed via our social welfare system should be moved to these and those houses freed up to go onto the property market for sale. This would be the cheapest and quickest solution to our current issue. I do agree with those that say there is an agenda from our political system and media to keep the current system in place. Why the media have not reported on this is bizarre as well. This would also quell the moral hazard of those working their asses off to buy a house and seeing others getting the same while sitting on their asses doing nothing. A modular home has a 60 year life span so the sprogs of those getting the house for free will not get it passed on as this is what is currently happening in the country. Our welfare system is now being passed down from parent to child over the last 20 years and it is now seen as a viable way forward to garner a house from the system and give very little back.

30%+ drop if modular homes where built and built specifically for 2 cohorts - social housing and refugees and free up properties currently being used for sale for the private market but there needs to be a culling of vultures and a severe upping of stamp duty for those buying to let to deter more properties coming off the market for sale.

did I say you mentioned 30% no it was used in relation to what was originally being discussed. I.E. property to fall by 30% and no impact on jobs.