The accelerating fall in Sinn Féin support

This is not a new thing, what you are in about is a different matter.

Vast swathes of Cork and Dublin had houses built in them were the land was not owned by the house owner or developer.

You didn't answer my question and tellingly neither have the banks yet for SF have they ?

The build number needed has no relation to who owns them. Someone is living in every house. This is a question of whether we want to bias their use to home owners? We probably need between 50 and 60K/year, to balance supply with demand. Not sure how big a problem there is, outside of the major cities? In the last 2/3 years their is a boom in the number being built in towns and villages. The only problem, is the price of them.

Will I get a mortgage on a site where my bother wont sell me the land

In other words No,do you see the problem now with the SF plan ?

Suppose if a developer offered to build houses on land without paying the €40k per site to the owner, so he just gets pays or his construction costs. The owner has a future stake in the house. Would the bank issue a mortgage on this joint ownership? Could the land owner exclude the unpaid for site as security on the mortgage? I doubt the bank would agree. They'd want a clear joint tenancy on the registration, with percentage ownership from the outset, and in the event of a default, or price collapse or negative equity, the landowner, and householder lose out. So who's going to agree to a deferred payment for a site? Who's going to approve a mortgage unless the site is part of the equity. A deferred contract of sale of the to the householder in 25 years leaves the landowner liable for CGT immediately, not when he cashes in. Its all Sinnfenomics, make it up as you go along. Property and house transactions are the way they are for a reason. They work. Market forces and prices have nothing to do with the rules of ownership, equity and liability. Something dreamt up in a pub in Drumcondra is not going to trump hundreds of years of legal evolution.

It would be but it's talking out your hole to be blunt. .

The house im currently in was bought with a mortgage and the land in someone elses title.

You are making it out like this is something that is unfamiliar to banks.

Not being able to repossess them in the event of a default increases the risk to the bank. The bank can derisk by only offering mortgages at 2.5xincome instead of 4xincome. The scheme would be dead in the water.

I didn't miss the irony, but even if the bank currently has a high risk of not being able to repossess, the SF Scheme increases that risk even further.

The point I make is that increased risk is increased risk, no matter how high or low current risk is. That affects bank pricing.

Makings of a major scandal brewing in SF. A very very senior member of SF gave a reference to a press officer of there’s who was under investigation for grooming children. Seems the attempted to cover it up.

…we ve been doing the whole market based approach for decades now, strangely enough, this is exactly why we are where we are, as its primarily a financialised approach, whereby the overall priority is to maximize financial outcomes, i.e. keep pushing prices up, this approach has yielded the exact same outcomes in every country that has tried, i.e. hyper inflated prices, highly dysfunctional markets and serious supply problems, so if you want this to continue, rock on!

oh and there isnt gonna be a sf government anytime soon, so on we go with the financialised, market based approach!

The government are milking this paedo story effectively after wasting billions of tax payer money , they are getting away with murder

It's a big story tbf.

Do people want to to vote for a party with links to paedos? Doubt it.

I think people want more information on it and to have it totally explained. Same goes for any party with such a big story.

4th? Ffs.

This needs a bigger investigation surely?

…and again, wrong, our governments, both current and past, have been doing all they can to inflate the price of property, this is generally called financialisation of property markets, of which most advanced economies, including ireland, have been engaging in for many decades now…

….under such conditions, the state steps back from providing critical needs such as housing, and promote other major parts of the economy, in particular whats typically called the fire sectors(finance, insurance and real estate), to provide this critical need, hence why we ve seen such a rapid growth of such sectors in ireland over the last few decades.

..from this approach, you ll find that most countries that engaged in this approach have resulted in almost the exact same outcomes, in the form of hyper inflated prices, highly dysfunctional markets and serious supply problems, as its primarily a demand driven approach, i.e. by increasing the money supply into such markets, in particular the credit money supply, which is created and provided by the finance sector itself, hence why we ve seen a rapid growth in private debt across most advanced economies, including ireland.

….this is turn causes what economists call a 'rent seeking' dynamic, whereby more and more income is used and required to service such debts, and less and less is available for other economic activities, which in turn generally leads to slowing economic activity and ultimately a stagnant economy, which is the most likely outcome for ireland eventually.

…other known demand based policies such as first time buyers is also known to help inflate prices, also experienced in other countries such as australia as well as here in ireland…

interesting you mention irelands 1.1 trillion household wealth, yes exactly, this is exactly what such policies do, i.e. inflate the value of assets such as property and land, i.e. all good for current owners of such assets, not so good for current none owners of such, i.e. younger generations!

we ve no clue what would happen under a sf government, and we may never find out, but we know full well whats gonna happen under further ffg ones, i.e. further price inflation, and rising supply to be fair….

..so again, you re completely wrong!

https://m.independent.ie/irish-news/michelle-oneill-apologises-as-charity-that-employed-michael-mcmonagle-says-it-contacted-sinn-fein-14-months-ago-over-references/a1456674516.html

I’d love to see her wriggle out of this one. Claiming not to be aware he was working for the British Heart Foundation despite being photographed feet away at an event in 2023. Give me strength.

"The govt arent trying to pump the value of property.

The price increase is down to supply not meeting demand"

That's the same thing surely?

day after day they just look more incompetent.

Told he was being investigated by police, suspended from work, but when he resigned/was sacked they didn’t care to revoke his security pass? I mean Jesus.

Only for Stormont finding out the other day it would still be active and usable.

Allow me to pick this mostly nonsense post apart:

Conspiracy theory nonsense.

Prices go up because a lot of people have a lot of money and can afford to pay increased prices; Hence the record household wealth figures and the strongest jobs market in the history of the state.

Most people don't 'have a lot of money' - the banks do. They lend to people who don't as much as they lend to people who do. People who do have alot of money will actively borrow and buy in an increasing value market because they bet that the value of their purchase increases faster than the current interest rate.

We have seen a 50% rise in the number of households earning over 100k since 2022. The spending power of the population has increased significantly and of course, this drives prices upwards.

€100,000 per annum is by no means anymore a 'rich' household income when viewed through the purchasing power of that €100k in Ireland in today's climate. In effect, many are earning a bit more - everyone is paying much more.

70% of adults own their own home in Ireland. In other words, most people are able to purchase a home if they want to.

A shocking statistic which underpins the continuous decline of Irish home ownership across the general population - if 70% is something 'to be celebrated' you ought to look at where we've come from as a nation on that stat. The trend is clearly downwards.

There are still people priced out and there are also people who can afford a home but haven't managed to buy one because of lack of supply. We very much need to see supply increasing and it is doing so.

We should be seeing 50k new homes delivered from next year onwards and that will help supply considerably.

It's not acceptable that any person working in gainful full-time employment cannot afford to purchase their own home, let alone the gumption that it's acceptable for a working couple working in full-time gainful employment cannot afford to purchase their own home - even if, and often are, state employees in gainful full-time employment.

Almost 26k people got a mortgage in 2023, thats the highest number of new mortgage holders for 16 years. Mortgage drawdowns are on track to be even higher this year.

Whoopdeedo - we have a much bigger population now, so these figures are meaningless.

On housing, we are moving in the right direction, though the govt needs to keep driving the current momentum upwards and push us past the 50k new homes per year mark from 2025 onwards.

We are far from 'moving in the right direction' unless that direction is to keep property prices artificially high, rent prices also artificially high and burden the lucky few who are handed a house in a will only to be effectively forced to sell the property to hand over exorbitant tax to a government that continually shafts them - yet same govt tells them 'we're moving in the [right direction]' That is called urinating down ones back and telling them it's raining.

It's all a God damn ponzi scheme - seen it all before mate.

Yawn. You sound like a 5G covid conspiracist.

Ah, lovely opener with the rancid insult attached - is that in the manual? For what it's worth - I got my C19 vaccine.

Household wealth is at record levels and is now over 1.1 trillion. Nought to do with banks. The clue is in the name. Household wealth.

Household wealth is worth SFA if we're you're sitting in a half millions worth of concrete and a bit of slate on top to keep the rain out all the while earning €100k where mortgages/rents are eating into a substantial amount of yearly earnings compounded by the fact that all other services and taxes are a huge cost. OOOh I'm bloomin rich on paper but can barely afford next weekend's dinner - go yay! What a way to live!

100k may not be considered rich, but if the number of households earning 100k+ has increased by 50% in just 2 years, then there are obviously a lot more people earning more money and mortgage capacity is GREATLY increased.

Let me spell this out to you, very slowly: p.u.r.c.h.a.s.i.n.g. p.o.w.e.r. Try Zimbabwe for an acute example.

It is well established that rising incomes in ireland are driving property price growth; how could they not. Plenty of online articles on same if you still can't put 2 and 2 together.

Increased population is driving increased demand. Most wages are static or have seen menial increases in the last six to seven years. Property price increases meanwhile have far outpaced most wage level increases for the lucky few who have got them.

Home ownership has increased every year since 2020, that's called an upward trend mate.

Wrong, home ownership does not complete until the very last mortgage payment is made. Look that one up, mate.

An increase in people drawing down mortgages is proof that more people are buying homes and the 50k new homes target the govt has set for 2025 is well within reach.

Seen it before lad, desperate people paying anything to get on the property ladder. It's 2006-2007 all over again.

What is SF policy on the situation in the middle east?

I suppose they'll build sinn fein houses for them when the war ends. They're great pals of Hamas, Hesbollah, Iran and Putin.

too busy trying to convince everyone how great she is.