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Housing supply issues affecting Europe -why?

  • 03-07-2022 6:01am
    Registered Users Posts: 563 ✭✭✭ Esho

    According to the media, the lack of housing is affecting many European countries, not only Ireland.

    What caused this?

Best Answers

  • Registered Users Posts: 63 ✭✭ Drunken Oaf

    Always amazes me the online ranting and raving about how good Europeans have it housing wise.

    I wonder do French and German visitors to Ireland complain about how sh1t they have it with rented apartment living, at how the vast majority of city dwellers in Ireland live in spacious two storey terraced and semis with big back and front gardens, that while there is an affordability issue the houses only became truly out of control unaffordable for two brief periods in our history (2005 to 2009, 2021 to the present day).

    It's worth remembering two things about our housing crisis:

    • Outside of the areas close to our cities, housing is ridiculously affordable. Most counties in the BMW region have former council houses that would be affordable for a single person on relatively average wages.
    • The vast majority of the population live in homes they purchased at reasonably sensible prices. Only the cohort buying between 2005- 2009 and 2021 to today (however long this lasts) got burned

  • Registered Users Posts: 63 ✭✭ Drunken Oaf

    Actually by late 2019 into early 2020 Dublin prices had started to flatline at rates which were pretty damn affordable. Current surge caused by increased savings (no pubs, holidays, restaurants, commuting costs, shopping for 2 years on and off) plus being the only country in the western world to mostly shut construction for a combined 6 months.

    Private estates in D15 in 2020 averaging about 220 to 260.

    Ex council about 160 to 200.

    Now the ones that were 220 are looking for around the 300 mark. Ex council chancing their arm for as high as 270 (realistically probably go for 200 to 250)

  • Greed.

    Rising costs for the construction materials of housing, including the costs involved for the labour involved. The regulation and taxation of the industry which further hikes up the costs involved. The regulatory nature of the Planning Authority, which makes it difficult for certain developments, but makes it easy for others... so, there is greed for authority, and control.

    The overall cost of living in Ireland... whether it's the prices charged in shops, or the government charges/taxation on a wide variety of goods. Just think of the differences in price for common items, or even "luxury" items over a decade, two decades, etc. No way that the rises in costs should have been so strong over those periods without greed being involved.

    It amazes me just how expensive Ireland has become over 2 decades. The same for other nations. When they become prosperous, prices go up.. sometimes a big hike, but usually, gradual increases every year to the point where nobody really notices or comments on it, until you realise that a bag of crisps or a chocolate bar (produced in Ireland) is now twice or three times the cost of twenty years ago. Or that a single visit to a doctor will cost you at least 50 euro, even if the doctor does nothing but to refer you elsewhere. A piece of paper from a solicitor costing similar.. or more.

    Everywhere you can see the prices increase over time... it's just that most people realise they can't stop it from happening. If only we had politicians who cared, but we don't.

    It's nuts.

    Housing supply stalls for many reasons. Throughout Europe, most towns/cities were not designed for large populations with modern considerations to quality of life. As such, they quickly become congested, housing prices soar, and people are squeezed to the outskirts, with the city expanding as the value within the city increases, and more are pushed further outwards. That's normal, and the case pretty much everywhere. This focus on cities in modern times is what's causing most of the problems regarding housing (along with the expectation by people that they shouldn't be squeezed out due to their low incomes).

  • Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 33,352 CMod ✭✭✭✭ ancapailldorcha

    The logical consequence of pursuing infinite growth and not investing in housing. You either build social housing or you transfer masses of taxpayer money into private landlords' hands.

    I think we need a serious investment in social housing. Not forever homes for people to sit on their asses in but basic flats in areas of high demand for single people and couples at affordable rents. Fleecing people during the best years of their lives isn't great for long term economic viability.

    We sat again for an hour and a half discussing maps and figures and always getting back to that most damnable creation of the perverted ingenuity of man - the County of Tyrone.

    H. H. Asquith

  • Registered Users Posts: 26,982 ✭✭✭✭ Wanderer78

    financialisation of our property markets! its starting to collapse! the end!

  • Registered Users Posts: 8,239 ✭✭✭ Pussyhands


    Go to any open viewings in Dublin and it's nearly all foreigners.

    Go to any ad posting on facebook accommodation groups and it's nearly all foreigners being tagged in the comments etc.

    Yes, it's not their fault, but a child driving a car isn't their fault either but you need to stop them because it's the right thing to do.