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Don't buy in a new estate

  • 21-08-2021 5:46pm
    #1
    Registered Users Posts: 651 ✭✭✭ Fred Cryton


    People buying 4 bed brand new homes in Cabinteely for €770k now face the prospect of 40% social housing in the estate as the council leases a good chunk of the estate for social housing .

    Imagine trying to sell those in a few years now the cat is out of the bag. Be lucky to get €550k. Can only feel sorry for them.

    It's a disgrace. And it's only going to get worse as the Department of Housing budget has been doubled.



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Comments

  • Registered Users Posts: 5,232 ✭✭✭ Allinall


    Why would they be selling in a few years?



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  • Registered Users Posts: 17 pollymv1


    Buy in Westmeath - no problem with social housing influx.



  • Registered Users Posts: 18,049 ✭✭✭✭ Del2005


    And once the 1st troublesome tenant is moved in you'll soon see the owner occupiers selling up, it'll get to 40% then.




  • Registered Users Posts: 691 ✭✭✭ jmlad2020




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  • Moderators, Home & Garden Moderators, Technology & Internet Moderators, Regional East Moderators Posts: 12,138 Mod ✭✭✭✭ 2011


    Do you include nurses, treachers and garda in your list of people who don't want to "contribute to society"?



  • Registered Users Posts: 802 ✭✭✭ Luxembourgo


    Well paying lower rents or buying in less desirable areas would surely lead to more houses being built /bought /available.

    Which in turn would lead to more people in social housing with a roof over their head, which is surely the whole point.



  • Registered Users Posts: 394 ✭✭ Enter name here


    If anyone is working they should not be subsidized with social housing, people should live where they can afford and not where they aspire to live. Half the reason the country has such a problem. Developers would be absolutely mad to build in this country, imagine being told you have to give 25% of your investment to the government for social housing. Why on gods earth would anyone buy in an estate with social housing, leads to higher insurance rates, exposure to criminal elements and anti social behaviour and over all substantially lowers the value of your own home. Want more houses built by developers in this country get rid of the mandatory social housing element and watch the industry boom. And for all the ensuing posts about snobs etc etc. You want to live in a socialist society move the Russia or China and see how you get on there.



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  • Registered Users Posts: 394 ✭✭ Enter name here


    The developers are forced to sell to local government at what they deem fair market value not actual market value (learn the difference then comment). Secondly in an affluent area how the hell is a developer supposed to sell the remaining 75% of his development at market value when that news eventually surfaces. Hence why developers are staying away in droves.



  • Registered Users Posts: 802 ✭✭✭ Luxembourgo


    No don't you know social housing is the only housing that matters.

    All other people must pay high rents while paying tax for the government to piss up a wall while being ignored by the opposition



  • Registered Users Posts: 2,795 ✭✭✭ KaneToad


    The cost of a private house is not out of reach of nurses, teachers & gardai. A single person, in those professions, will find it difficult to get a house but an apt will be within their grasp.



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This discussion has been closed.
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