2-Bedroom houses now start at over half a million euro

"Sinn Féin are constantly rejecting housing proposals."

This is why.

Ubbquittious

https://www.boards.ie/discussion/comment/118124760#Comment_118124760

Tis bad enough to be paying 90 a year to hold onto your own stuff

Murph85

453 million?! It would run the country for 2 or 3 days. The government recently said they are several billion ahead of where they though the state finances would be only a few months ago...

Where do they get the several billion every year to increase spending?

Economic growth... it's a farce of a tax... why not tell the people

Murph85

https://www.boards.ie/discussion/comment/118125129#Comment_118125129

Yeah and what about people on pittance incomes having over half their income over 35,000 confiscated. To subsidise the likes of as good as free, let's call it what it is, token gesture property tax...

Get a mansion in most counties for that.

Dublin is a kip

markpb

What a car crash of a thread, it’s worse than TheJournal comments section in here. It must be time for someone to complain about travellers or cyclists?

Shao Kahn

Apparently, we're rich once again. The boom is back baby!

That's what I've been told anyway.

Sure isn't it great craic living in a wealthy western nation? You lucky old sods, you're all living the dream! 😂

notAMember

The land in that location is the bulk of the cost, not the house itself.

seems nuts to do a low density build in a high demand area.

sydthebeat

https://www.boards.ie/discussion/comment/118124695#Comment_118124695

It was never maintained for free.

Domestic rates were abolished in 1977, replaced later by increases to VAT and Income Tax to make up for the shortfall

We have always been paying for our water

https://www.boards.ie/discussion/comment/118126274#Comment_118126274

I know. that's why it's stupid.

Ush1

https://www.boards.ie/discussion/comment/118124423#Comment_118124423

It's more beside the M50 than inside really. It's way far out from town.

Murph85

low density housing beside the best bit of public transport in the state (which isnt saying much) and low density housing goes there. Meanwhile college students are driving hundreds of kilometers a week, because there is no accomodation or affordable accomodation nearby... You can definitely tell they are serious on climate change, sustainability and solving the housing crisis.. LOLLLLLLLLLLL!

https://www.irishtimes.com/news/education/a-270km-daily-trip-to-college-the-rise-of-the-long-distance-commuting-student-1.4719297

Wanderer78

you gotta love a 'fire sector' driven and run economy!

vriesmays

https://www.boards.ie/discussion/comment/118124719#Comment_118124719

Their kids will develop adhd from lack of green spaces and play areas.

Wanderer78

https://www.boards.ie/discussion/comment/118127023#Comment_118127023

as far as im aware, adhd is a genetic disorder, may stand corrected though, but having a lack of green spaces and play areas, definitely increases the likelihood of complex psychological disorders in both adults and kids

85603

https://www.boards.ie/discussion/comment/118126468#Comment_118126468

Jaysus. Cant have that.

ululator

Check the CSO, ESRI, Eurostat, look into the numbers.

Home prices have been manipulated upwards by the governments and their pals.

A rapid, hugely significant increase of migrants, and wholesale selling of new and old homes to foreign vulture funds, baked in for at least the next few decades. And this is somehow to fix the housing crisis? Lol

Anyone who can't see the link between the two, and anyone who thinks it's a supply problem and not a demand problem, needs to donate their malfunctioning brains to science by tonight.

Wake up.

Wanderer78

https://www.boards.ie/discussion/comment/118128538#Comment_118128538

...only that serious supply issues were noted at the height of the last crash, particularly in the dublin region, by respected commentators, and the advice was, get building! our governments response was, ah fcuk it, it ll be grand! little or nothing to be doing with welfare classes and the scary foreigner's!

riclad

the market is regulated ,by the central bank rules, eg you can only borrow 3to 3.5 times your salary on a House loan, and you need to save a 10-20 per cent deposit,the problem is since the 2007 crash the no of new build houses.apartments did not keep up with demand ,many builders went of out business

when the house,s they were building fell in value by 50-60 per cent .the market is not being manipulated ,its more like occams razor, eg the government simply did not take action to build more house,s .rules on high density building do not help, builders should be allowed to build 10 storey apartment blocks in city centre locations to meet demand and to reduce the average cost of each unit

ululator

https://www.boards.ie/discussion/comment/118129000#Comment_118129000

Oh so the poor lazy fools forgot to build houses, but they're sharp and active enough to sell existing swathes of housing to vulture funds, guaranteeing maximum rent, while also facilitating the arrival of hundreds of thousands of extra people, for years and years, while all existing plans point to them doing the exact same thing for the next decade...

Nah. Completely and utterly unbelievable.

That's piss falling on us, not rain.

ululator

https://www.boards.ie/discussion/comment/118129630#Comment_118129630

No. It's just not in any way believable.

See my reply above.

The reason property is out of control in this country is by design, not incompetence.

Murph85

https://www.boards.ie/discussion/comment/118129944#Comment_118129944

I think it's a mix, their unbelievable incompetence, also actually benefits them... watch realestate4ransom on YouTube for anyone interested in why government live rip off propery and why tax changes have made the peasants the elephants to carry all of the tax burden, while big business contributes way below of their fair share

vriesmays

https://www.boards.ie/discussion/comment/118127685#Comment_118127685

Actually it's a list of symptoms made up and then disputed by the guy who made it up. Nothing genetic about it.

Murph85

Look at this, college dorm in the states being built, with no windows!!!

https://www.businessinsider.com/charlie-munger-ucsb-architect-mega-dorm-tiny-no-windows-2021-10?r=US&IR=T

Danzy

https://www.boards.ie/discussion/comment/118119908#Comment_118119908

You should see what these would make in capitals in Europe.

Massive stimulus and near zero interest rates have kept the Euro afloat since 2008, that money has to go somewhere.

Danzy

https://www.boards.ie/discussion/comment/118129944#Comment_118129944

It's out of control here because of next to no supply, an ultra aggressive free market approach to migration driving demand even further, years of near zero interest by the ECB, massive economic stimulus.

ululator

https://www.boards.ie/discussion/comment/118132790#Comment_118132790

It's a bit of chicken and egg.

You either facilitate the appearance of housing to match your facilitation of extra people, or you don't facilitate extra housing because you aren't facilitating extra people.

It is simplicity itself to have something NOT happen. Try it yourself there, do NOT rob a bank right now. There, that was easy, wasn't it?

Equally easy is to not build housing. Crucially, it is also equally easy not to facilitate extra people into the country. Yet they do, year in, year out, housing crisis year in, year out. They are creating demand. It is a demand problem.

Considering that there is practically an infinite supply of people ready to come here, and that Ireland is a tiny island, the only logical conclusion is that there is a demand issue, not a supply issue.

Or, for mental exercise, how many homes need to be built in order to reduce prices to not-insane?

If a million houses are built, are the mad men going to say "okay, 2 million more migrants and no more"? Lol, as if!

Where's the line drawn, what's the magic number? You'll find there is no line, or number, or any specifics really, because this stuff is making money hand over fist just nice as it is.

And then the vulture funds on top of all that. Oh my.

Ush1

https://www.boards.ie/discussion/comment/118129000#Comment_118129000

Our government was bankrupt and the troika were on the way. There wasn't a pot to piss in, let alone building more housing that nobody could afford.

ululator

https://www.boards.ie/discussion/comment/118133294#Comment_118133294

"If only there was someway, somehow, we could artificially jack up the prices of something we don't need to build in order to balance the books!"

riclad

Also out of control because most city's have 10 to 15 storey apartments to supply demand for space and workers to build on . Building 2 bed houses on very expensive land is not good use of resources. The government has trusted the free market to much instead of having long term plans eg how many houses will we need in 5 to 10 years 1, 2 3 bed units for couples single people family's etc and some units will have to be low cost or social housing

It's government lack of planning and incompetence its not a conspiracy most company's do not want land to be very expensive they need workers who can find a good place to live in at a reasonable price

Liberal free market planning does not work with government oversight planning