efanton wrote: » No not at all. Something you have already bought does not cost you anything more, unless it requires maintenance and upkeep. What is misleading about SF saying they will spend 230k max on building a house? They cant buy the same site twice. What we are talking about is borrowing and spending, not eventual absolute cost.
Bishop of hope wrote: » Fair enough, but we are agreed then that SF press release is deliberately misleading at best.
efanton wrote: » If we are talking about accountancy then yes I agree with you. The true cost of those houses will be the cost of construction and delivery plus the value of the site they were built on. If we have to raise money to pay for these houses then it makes perfect sense to use these sites already in public ownership. Why should we borrow more than we need to? I think what SF are getting at is what additional money do we have to spend to deliver these homes. I would totally support the SF approach, build as many homes as possible at the lowest additional cost. Farming this construction work out to private developers is not going to be the way to deliver that.
Bishop of hope wrote: » Ah who said anything about giving it away, are we giving it away to developers? As I said, I'm not against the SF idea, it's a good idea even, but you must include the cost of the, site to find the true cost of the houses provided. If at current value the site is say €75000 in Dublin then that's got to be included in the cost of the build to the taxpayer.
efanton wrote: » Its quite common in the UK for properties to be leasehold and financed though mortgages. I cont see why lenders would have a problem if they hold ownership of the lease in the case that someone defaults. Better the land be used to provide public housing that be given away to a developer. Where's the benefit to the taxpayer in that? The only people making profit will be the developers if it is given to them to build housing. the taxpayer would still be on the hook for paying for the housing but at an even greater cost.
FrancieBrady wrote: » Leo would be well within his rights to tell Martin he can have a coalition but no Taoiseach role. We need a laugh!
Bishop of hope wrote: » Fair enough, I see your point.There are other problems too, like getting a mortgage for a house that you don't own the site of. How many lenders would approve that? If its defaulted how do they get their money back? Ive seen this problem before withbsewage areas not being on sites, I know in cities that doesent matter, but it's the legality even of such a sale, buying a house where the vendor retains the ownership of the site? The proposal is just empty rhetoric, and the taxpayer is donating the site, that is what is being proposed, and that donation is someone getting a house €100000 cheaper at the taxpayers expense, I call bull**** on it.
[Deleted User] wrote: » The site is already owned by taxpayer....its costing money to maintain as it is Quite,why you wish to handwave away ownership of said site is beyond me...im.going about building my own house in next few years,i have a site already picked out...this makes building a house for me,significantly cheaper site value is irrelavant as i already own it and wouldnt sell it??
RandomViewer wrote: » If Mickey doesn't get first the deal will be off, he wants the title so bad
Bishop of hope wrote: » I'm not against the idea, but the fact that the taxpayer owns them already doesent matter. They have a value, a current market value to the taxpayer, just as valuable as any other sites, and that's taxpayer owned. Not counting that is false advertising also, the site is a cost to the taxpayer.
[Deleted User] wrote: » The tax payer owns them.already,time to use em,why not?? There is no further payment on them (indeed could also use double accounting to proclaim devloping these would improve state asset sheet as their value increase due to being developed,double accounting the scourge of logic,brought to you by liberials) Indeed,it is time to get renovating these and demolish/replace those,where its cheaper to do so
Bishop of hope wrote: » So these sites cost the taxpayer nothing? Why don't we just renovate the thousands of houses already closed up?
[Deleted User] wrote: » Build on state land already owned? Its double accounting otherwise (same ****e used in banking bailouts to hide 40 odd billion in bank losses through nama,which enable state to proclaim banks bailout a success and nama profitable,while taxpayer picks up tab)
Colonel Claptrap wrote: » I wonder does this strengthen the case for Varadkar to go first in a rotating Taoiseach scenario.
Bishop of hope wrote: » Why would the site cost be out of the equation? It's part of the equation everywhere.
efanton wrote: » 15% of a €320,000 house would be €48k for the developer. With site cost out of the equation, and removing taxes and levies, building a house for 220k should be perfectly doable.
FrancieBrady wrote: » Except that I have been giving FG praise for handiling the Covid 19 emergency from the start...minus what they got wrong, lapsed on. I also predicted a bounce for them. I now expect their 'curve to flatten' and begin to fall back to election levels as we come out of it.
FrancieBrady wrote: » I think they have to take notice of two different polls from two different companies, saying the exact same thing about all of them Colonel. They might not say it...but it will be having an impact. Internal dissent in FF will get bolder and louder. McMurphy might not be too far off the money...popcorn time!
Bishop of hope wrote: » SF are undefcutting FG in the housebuilding market by €100000 a house I see and capping family rentals at €900. This being done by cutting out the middleman and direct labour. So these lads on direct labour will probably be having to take a considerable wage cut and the greedy developers will still be greedy developers, good luck with that. Before anyone cuts me up for talking SF on here, Read the headline.https://www.irishmirror.ie/news/irish-news/politics/sinn-fein-outlines-plan-build-22108207
Crucially, he said that the hard-working builders would still get the same profit margin of 5-6% under his plan as they get under Fine Gael’s. But with the absence of a developer’s cut of around 15%, and the massive whack that can be added when land speculation is factored-in, Mr Ó Broin said that homes can be delivered for €230,000 max.
StackSteevens wrote: » The only "agenda" at work here is Frankie's bitter disappointment that the Covid 19 emergency hasn't caused more political damage to FG.
Bishop of hope wrote: » FG on 35% unchanged. SF on 27% unchanged. FF on 15% up one. Green on 6% down 1. Sds on 4% up 1. Labour on 3% unchanged Spbp on 2% unchanged Aontu on 1% unchanged Renua on 0% down 1 Indrpendents on 7% down 1.https://www.rte.ie/news/politics/2020/0531/1143630-politics-poll/
FrancieBrady wrote: » If you wanted a signal as to what the agenda is here, there you have it.
Bishop of hope wrote: » On Facebook this morning Aontu posters giving MM a lashing, Leo getting it too over his park lark while gardai are trying to keep order at beaches and parks this weekend, wondering where they were when Leo wasn't social distancing and picnicing.
FrancieBrady wrote: » Thanks for fulfilling my expectations but not my hopes.
JohnnyFlash wrote: » www.twitter.com Be carful Francis. You mightn’t get any sleep at all if you discover the old twitter machine...,
FrancieBrady wrote: » Link?