The accelerating fall in Sinn Féin support

crusd

https://www.boards.ie/discussion/comment/122574200#Comment_122574200

The nettle that needs to be grasped by everyone is that the economy cannot sustain the current rent levels. They are completely out of whack with wages. Ditto house prices. Thats the elephant in the room. Now wouldthe Sinn Fein policy gonig to do what is needed. Probably not. But grants and tax breaks and interest reliefs are not the solution when rents and house prices are at least 30-40% above what is sustainable.

Wanderer78

https://www.boards.ie/discussion/comment/122574475#Comment_122574475

yup, ffg's approach is monumental failure, and they and their supports will never admit this, only problem, there simply wont be a change in government for the foreseeable, so, keep the recovery going!

Danzy

https://www.boards.ie/discussion/comment/122574475#Comment_122574475

Problem is look at most of the cabinet, no real experience of working in business.

Nevermind self employment and all that entails.

It's all about the multi nationals, that is who they socialise with.

The day of FG being the party of the self employed are long gone.

Lot of the tribal political headbangers on this thread, meant with the greatest respect, will not care either because SF are going on about it.

People like Blanch would condemn the curing of cancer if a Shinner did it.

It's a very boring thread where the virtually same content is written by a small few everyday with an updated version for the day.

They, no more than the cabinet could care less about the crisis in costs facing SMEs and people in general.

SMEs are by far the biggest employer in the country. Same as nearly every other country.

Lot of people who are retired, living in the past or in sectors of employment completely insulated from economic reality.

Wanderer78

https://www.boards.ie/discussion/comment/122574524#Comment_122574524

…sme's are in serious trouble, truly exposed to market and state failures…..

blanch152

https://www.boards.ie/discussion/comment/122574475#Comment_122574475

The economy can sustain the current rent levels - it is actually doing that. If it wasn't nobody would be renting those properties.

What the economy cannot sustain is everybody who wants to live within ten minutes walk of Dublin City Centre being able to do so living in a three-bed semi-detatched and garden at a rent of less than €500 per month.

There is nothing in the SF document that addresses the real challenges that we face. If we want housing to decrease in price, we need to do things like increase housing density inside the M50, improve public transport so that there are more options for places to live. Metrolink by itself, with proper house density lead to hundreds of thousands of homes within a short commute of the city centre, not to mention DART improvements. Changing one incentive scheme (First Home Scheme) for another - SF's weird land lease scheme - will not make any significant difference. It might change the cohort of people who avail of it, but it won't increase the number of houses being built, but because of its weirdness, it might decrease the number being built, and certainly decrease the numbers wishing to avail of a scheme.

Wanderer78

https://www.boards.ie/discussion/comment/122574751#Comment_122574751

…its clearly obvious our economy, and in particular our societal entity of our economy, cannot sustain the rate of inflation of property and rental prices, this is clearly obvious!

…this is ultimately the failure of modern political and economic ideological thinking, this is so serious now, even our opposition parties also dont know how to resolve this!

blanch152

https://www.boards.ie/discussion/comment/122574781#Comment_122574781

No, it isn't clearly obvious. Land is finite, you cannot build a house where there is already a house, unless you knock it down. So absent some major regeneration, those that want to live in the Borough of Dun Laoghaire will face ever increasing rents and property prices because there are only so many houses to go around on that small bit of land.

The only way to bring property prices and rental down is to build more services and better public transport to ensure that greater amounts of land have access to where people want to go.

Wanderer78

https://www.boards.ie/discussion/comment/122574800#Comment_122574800

…and the disturbing thing is, many, well educated and intelligent people dont see this!

…again, this rate of inflation is clearly not sustainable, it will not last, there will be a crash at some point in time, although that could be many years, even decades into the future, and its very likely pension funds will be pulled with it!

…this is clearly obvious!

…although i do agree with some of what you say

Danzy

https://www.boards.ie/discussion/comment/122574751#Comment_122574751

You may not realize this but there is a lot of the country outside of the M50, I'd say most of the population wouldn't be on or near the M50 from one month to the next. Probably have been in the dart less than 10 times in their life.

Where did you pick 500 a month from.

Update from your parochial 1980s view, that is a long time ago. Deal with the now.

blanch152

https://www.boards.ie/discussion/comment/122574816#Comment_122574816

The rate of inflation is not sustainable, correct, but emigration will act as a natural correction to this, but the current level of rents and property prices in desirable areas will not decrease. It will never be cheap to buy in areas like Dublins 2,4 and 6, Dun Laoghaire, Blackrock, Howth etc.

Wanderer78

https://www.boards.ie/discussion/comment/122574866#Comment_122574866

under financialised dynamics, which is what we have here, in regards property, the main contributing factor to price inflation is in fact the money supplied into the sector, i.e. the more money thats pushed into the market, the higher prices go, this is exactly what will happen again, with the governments current proposal, we has evidence for this here in ireland and in most other countries that have done so…..

…i.e. market equilibrium is not a reality, it simply doesnt exist, particular under such dynamics….

crusd

https://www.boards.ie/discussion/comment/122574751#Comment_122574751

It is unsustainable pretty much nationwide at the expense of other areas or a normal functioning economy.

https://www.daft.ie/for-rent/house-5-amerillo-court-dublin-road-tuam-tuam-co-galway/5815942

1,800pm for a two bed apartment in Tuam Co Galway. Not exactly Dun Laoghaire. A reasonable expectation for a single person in their late 20's or a single parent. That rent represents 66% of take home pay for the average person.

To say its a Dublin city centre problem is disingenuous at best.

spillit67

https://www.boards.ie/discussion/comment/122574475#Comment_122574475

Rents are.

Dubious of house prices tbh. I think they’ve been fairly regulated to not go out of control.

spillit67

https://www.boards.ie/discussion/comment/122574936#Comment_122574936

Why would a single person need a two bed?

spillit67

Delete

spillit67

https://www.boards.ie/discussion/comment/122574819#Comment_122574819

A three bed social house would be about those close to Dublin City Centre.

crusd

https://www.boards.ie/discussion/comment/122574958#Comment_122574958

Same town. A reasonable starter home for the average person. At 220k or 4.6 times the average wage. It used to be 3x salary, then 3.5x salary as a guidance. Now some say 4-5. Rather than deal with the issue we are constantly resetting what is reasonable.

https://www.daft.ie/for-sale/terraced-house-89-lissadyra-ballygaddy-road-tuam-co-galway/5810322

The big problem is all the economic growth associated with increase in productivity has been diverted away from those who generated the productivity. For the house shown, for an average person in an average town the average salary should have increased with costs to 70k or the price should have remained at 135k

spillit67

https://www.boards.ie/discussion/comment/122574906#Comment_122574906

Lovely bit of empty waffle but the fact is that SF’s policy relies on more of the same.

They say they will build 125,000 homes, that leaves 175,000.

Who funds this with a regulatory environment totally hostile?

In terms of their 125,000 relying on local authorities. This works out at just over 300,000 per home.

How does this work when it cost Dublin City Council over 500,000 to build 2 bedroom apartments on land they already own?

spillit67

https://www.boards.ie/discussion/comment/122575005#Comment_122575005

Why does a single person buy a three bedroom home?

What was the interest rate when it was 3x?

These are terrible examples you are bringing up here.

blanch152

https://www.boards.ie/discussion/comment/122574936#Comment_122574936

That is not a reasonable expectation for a single person in their late 20's.

Growing up in 1970s and 1980s Ireland, the reasonable expectation was for a damp tiny bedsit with shared bathroom facilities. Expectations have changed a lot, that is a significant part of the problem.

blanch152

https://www.boards.ie/discussion/comment/122574906#Comment_122574906

The finiteness of land is the issue propping up prices, increasing the amount of land with quick access to where people want to go is crucial. Metrolink and Dart West are the two most crucial pieces of infrastructure to enable larger number of houses to be built

landofthetree

https://www.boards.ie/discussion/comment/122574751#Comment_122574751

We need more high density developments.

But no party will support it. Dublin is a low density city in terms of population.

https://en.m.wikipedia.org/wiki/List_of_European_Union_cities_proper_by_population_density

blanch152

https://www.boards.ie/discussion/comment/122575295#Comment_122575295

That is where SF could have been really radical. Even on public housing, they could have said that we will demolish the existing old public apartment blocks in the city centre, treble the height of them, get rid of the parking places underground, and have extra public space as well as extra and better housing units.

Finty Lemon

Has anyone read the full document yet? 20 pages in and it reads like a 3rd year college project. It's well padded out with aspirational paragraphs, but the genius policy shift is hard to find. The proposed changes to tendering processes look dodgy too.

Furze99

https://www.boards.ie/discussion/comment/122573849#Comment_122573849

Isn't that a bit of a silly response? Bit like yer one who comes on the radio, handing out school marks to the government every year.

Then Harris reported as labelling it 'mean' later on. Just a lazy response. People want a change in this area, not more of the same and Harris is fooling no one.

Fionn1952

https://www.boards.ie/discussion/comment/122575005#Comment_122575005

Tuam's pricing would be somewhat inflated compared to similar sized towns across the country due to the significant cohort on well above average salaries working for Valeo; they employ about 10% of the entire population of Tuam.

pureza

Going on the rte drivetime piece,they want to take away up to 70k in first time buyer grants and whats left is a 4k grant ?

They want to build 25 k social homes where the government own the ground and with limited resale ability just to other social home owners with a capped price,and they haven't got the banks to say they'll lend for that type of property yet?

Holy moley,good luck with selling this,maybe rename it 'a home you don't own,' ?

deirdremf

https://www.boards.ie/discussion/comment/122576117#Comment_122576117

Connor McCabe wrote a book ten or more years ago where he explained that very few houses were built in Ireland between 1890 and 1930 (or thereabouts) and then FF came to power in 1932 and began a vast programme of house-building and slum clearance.

If SF managed to do the same today, I wonder would they get an 80-year go at government on the back of it?

pureza

https://www.boards.ie/discussion/comment/122576222#Comment_122576222

The EU wouldn't let them as we'd be breaching the CBD rules as well as with the cost of it raising government borrowing costs through the roof

That ship sailed

deirdremf

https://www.boards.ie/discussion/comment/122576198#Comment_122576198

I wonder if you have ever heard of ground rent? Every house built in Dublin - and I assume in other parts of Ireland too - had to pay an annual rent to the owner of the land their house was built on. Much of Dublin was paying rent to the Pembroke estate - i.e. the heirs of Strongbow, Richard de Clare - 800 years after he invaded Ireland. I'm not aware that this stopped many people from buying a house.

I think a law was brought in in the 1970s that allowed you to buy out the owner for a fairly modest sum, which essentially put an end to that particular scam, btw.