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Immigration and property

  • 20-09-2021 10:54am
    #1
    Registered Users Posts: 1,983 ✭✭✭ Sunny Disposition


    Read an article a few days ago and it stated that any time Ireland has a strong economy it'll almost certainly have a housing crisis because people from much bigger EU countries can immigrate here legally.

    Now, this is quite uncomfortable to admit, but I think this is quite possibly true. Is there any way around it? In an ideal world we'd have more limited immigration for the next couple of years, but there's nothing that can be done. I think there are some echoes of the Celtic Tiger about the current situation, with a huge demand for new homes which is going to propel the economy for the near future at least.

    Is a perpetually unstable housing market the price we pay for economic success while part of the EU?



Comments

  • Registered Users Posts: 1,604 ✭✭✭ Amadan Dubh


    For me it is clear that there is a correlation between immigration from 2015 and the explosion in rents, mainly due to supply being an issue. One thing I would say is that a conclusion I have is that sustained high immigration and muted supply is necessary for the property market to stay at current prices or even climb further; or else housing costs will drop. High immigration is nearly taken for granted to be something which will stay with us for the foreseeable future but, like liquidity, it is there until it isn't and it was only 10 years ago that we had net emigration so these trends can reverse and reverse fairly quickly. Even just a change in our political landscape without an economic slowdown, with less pro-business parties than FG/FF, could result in companies being hesitant to grow numbers at high levels.



  • Posts: 18,752 ✭✭✭✭ [Deleted User]


    Which immigration policies do you think are at fault?



  • Registered Users Posts: 8,033 ✭✭✭ Ray Palmer


    No it is all nonsense and thinly veiled xenophobic. They are here working enriching our economy why single out the Eastern Block? The UK had an issue with the imigration of it's own common wealth countries which is nothing like here.

    I agree there will be a racist backlash from people like you who claim it is justified because you don't want them here and think Irish born people have more rights.

    I doubt you can actually point to anything that you think should be changes that is anyway reasonable. Look at Brexit and see how important immigration is to the economy



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  • Moderators, Business & Finance Moderators Posts: 8,072 Mod ✭✭✭✭ Jim2007



    In that case you need to dramatically upgrade your reading material, because what you are reading is racist propaganda and your disseminating it will leave us to draw our on conclusions.

    If you are serious interested in the situation then demonstrate it by reading and discussing serious documentation not that kind of trash.



  • Registered Users Posts: 26,191 ✭✭✭✭ Wanderer78


    once again, irelands housing issues are largely due to maintaining a status quo of economic policies that largely favors current property and land owners, this is also maintained by a primarily fire sector(finance, insurance and real estate) run economy, i.e. little or nothing to do with immigrants!



  • Registered Users Posts: 3,801 ✭✭✭ enricoh


    Is the Irish mirror racist propaganda and do I need to upgrade Jim? Over 60k net immigrants into Ireland in 2019-2020. They must live in a parallel universe and not require any housing at all sunny disposition!

    https://www.irishmirror.ie/news/irish-news/irelands-population-nears-five-million-22553167

    The net inward migration among non-Irish nationals decreased to 28,300 from 35,800 in 2019.



This discussion has been closed.
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