I don't follow why that makes for a bubble in the housing market?
The Belly wrote: » Yes i wouldnt be too confident either in SF. But which every party or new party makes it No.1 and follows through will be in a majority government for a long time to come.
The Belly wrote: » Why? Homeowners vote and will vote for the status quo as long as property prices are rising. Large scale affordable housing is not good for property or rental prices. What good for society doesnt matter. Its the votes that count.
theballz wrote: » The is a second wave globally of this pandemic coming soon. The market is going to crash badly in Q4. Do not buy now.
PommieBast wrote: The trouble is time-scale. My guess is that it will take 5-10 years to properly sort out housing, so such a party will be long gone before it can reap any electoral reward.
Villa05 wrote: » The issue is that the last 2 governments have been adding to the problem rather than attempting a solution. Buying up existing housing for social housing rather than building on land they own Paying 1 billion a year on rents Selling state controlled housing to vulture funds and reits Stoking the demand side without doing anything on the supply side Layers and layers of regulation, beuracracy, and nimbyism blockin/slowing new builds Is it not too much to ask to avoid having children being in homeless situation. The fact that the numbers of children classed as homeless has grown is yet another monumental failure
The Belly wrote: » The property and rental crisis is government policy. They could solve the problem if they borrowed the required amount necessary and build on a massive scale using a tender process using the major developers. They have the land control the taxation and can borrow money for close zero interest. But they wont do it. Why? Homeowners vote and will vote for the status quo as long as property prices are rising. Large scale affordable housing is not good for property or rental prices. What good for society doesnt matter. Its the votes that count. But it will eventually come to ahead. The voting in the last election was the start of it with SF getting the most of the 25-50 age bracket vote. This is the age group badly affected during the last crisis and who struggle to buy an affordable home. This covid crisis and the subsequent downturn will just speed up the process of FF FG Greens demise.
neutral guy wrote: » First hit to rental market.About 110K people will get Covid payment reduced from 350 to 203https://www.irishtimes.com/business/economy/government-to-avoid-cliff-edge-on-covid-19-payment-changes-1.4296769
Hubertj wrote: » How do you figure that out? If you read the article the reduction in payment applies to workers who were earning less than 350.
neutral guy wrote: » The person who work less than 19.5 hours per week ,up to 3 days per week getting social welfare support which brings his incomes to approx minimal wage per week.Losing jobs and getting Covid payment they lost social wefare support payment.The persons who worked that type of jobs usually worked in worse hit industries as shops/hotels/restaraunts/etc and are lost them jobs already.Bringing them payment down the government reduce them facilities pay rent and force many of them leave the country.
Bass Reeves wrote: » The guys that work three day week and are getting SW are usually the last to leave the country. Most part time workers in shops, retaurants and hotels are students they are staying finishing there cource. Any that are working part time in this situation if they have a family are getting housing assistant payments they are going nowhere. By the wayvery few will be leaving he country remember COVID there is nowhere to f@@King go
neutral guy wrote: » During last financial crisis there was also nowhere to go.Lets see what will happens next.
Villa05 wrote: » ..... Is it not too much to ask to avoid having children being in homeless situation. The fact that the numbers of children classed as homeless has grown is yet another monumental failure
kippy wrote: » There were plenty places to go, many people who left are still there and may never come home. Covid is a different animal, affecting every country.
Cyrus wrote: Whose responsibility is it to ensure children have a roof over their head ? Personally I’ll make sure mine do I won’t be looking for someone else to do it. Nor would I have had kids if I didn’t have the means to care for them .
Darc19 wrote: » And at 6pm after an hour in traffic and still not past Rathcoole, that smile will be gone. And that's why people pay a premium for living in a city.
lastusername wrote: » For all the reasons I mentioned! I think housing is in a bubble of its own to an extent, largely unaffected by the rest of the economy. Think about it - if say 5000 people in an area are looking to buy in the 400-500k range, and 30% of them are no longer in a position to buy due to Covid, that still leaves 70% of them still looking and still ready to buy... I think a significant increase in supply, where there isn't such demand for nice houses in nice areas, is the only thing that will really bring prices down over time. And in the meantime, waiting for those drops means more money spent living in someone else's place, paying money you'll never get any return on.
Villa05 wrote: » ......... Who do you think is most responsible for children being homeless? Parents or the housing market as influenced by Government policy
neutral guy wrote: » When 200K left will be invested in renting property which will cover my travel/car expenses/kidz education and will be my pension on end of the days I will still smiling even in traffic !
JimmyVik wrote: » You wont be smiling if you are a landlord these days I have done extensive research on just that over the last few years and I would never become one in Ireland.
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