JimmyVik wrote: It looks to me like the problem is going to be that the government buy up or lease all property for social housing in the next few years, leaving very little for normal buyers, but costing the tax payer a fortune. So not only basically the normal buyer is now bidding against the council, who are increasing prices and to add insult to injury using the normal buyers own money (taxes) to do this. Pretty soon you wont be able to own a house unless you are given it by the council. Because there will be nothing left for you.
Hubertj wrote: I don’t agree with not being able to let a full house or apartment at least some of the time. Many families would be unable to afford vacations if hotels were the only option.
Villa05 wrote: » There are over 60, 000 houses legally classed as holiday homes in Ireland plus the plethora of hotels built during the course of the last boom/bust cycle Plus student accomodation that is available for tourists during peak season. There is no shortage of holiday lets
Villa05 wrote: » If its your principle private residence, there is no issue with that. There are over 60, 000 houses legally classed as holiday homes in Ireland plus the plethora of hotels built during the course of the last boom/bust cycle Plus student accomodation that is available for tourists during peak season. There is no shortage of holiday lets Implement the laws of the land and make residential property solely for residential purposes. Stop wasting money buying property that is not abiding by those conditions
Hubertj wrote: » how many holiday homes are in Dublin?
In a new report, published on Monday, the real estate group said there had been “increased demand” over the past six months, with investors “keen to acquire residential units and schemes let to local authorities on long-term leases” ........The increased demand from investors in the sector is attributed to the “long-term secure income stream” guaranteed from a local authority or an Approved Housing Body. “Investors get the benefit of long-term secure income with little or no day-to-day management, repair or maintenance responsibility, while the local authority or AHB gets access to housing to enable them to reduce their housing lists,” the report said
Separately, office take-up in Dublin during the second quarter reached only 9,885sq m, which was the lowest quarterly take-up ever recorded in the capital, according to another report from CBRE. It noted that many transactions were cancelled or put on hold as a result of the Covid-19 lockdown.
errlloyd wrote: » I think the building of housing should be prioritised over the building of hotels. And I think that short term lets should be regulated. But there absolutely is a shortage of holiday lets and definitely a shortage of hotel space. I think if the government legislation (90 day limit) was actually enforceable / enforced it would be a fine compromise.
Villa05 wrote: » WFH gaining in popularity only 1 in 6 want to revert to a 5 day in office work week 24% want to WFH 2 to 3 days a week 20% want to WFH 1 to 2 days a week 20% want to WFH 3 to 4 days a week AIB Survey
Naos wrote: » So just to clarify (and please note, I do not own two homes): If I choose to save my money over a number of years and buy or build a second home as a holiday home, where I will be contributing to the local employment & local economy as opposed to pissing it away on holidays abroad, I should not be allowed to do so?
Claw Hammer wrote: » After the initial build, during which your builders will buy a few pints and roles in the local pubs and shops, you will contribute little or nothing to the local economy. You will make it harder for locals to obtain housing as you have taken a site. You will spend very little money in your holiday area, as you will be mostly self catering and quite likely bringing in your supplies from outside the area. Unoccupied holiday homes in resort areas are a blight. They contribute very little to the local economy and cause a lot of problems.
fliball123 wrote: » As is that persons right, if someone wants the site let them buy it themselves. Who are you to tell anyone how to spend their money its hard enough to earn it. If this person wants to build a holiday home so when they have down time they can relax in their own space why should they not be allowed to
LasersGoPewPew wrote: » The government is allowing investment funds to buy up 95% of 3644 new apartments. Developers are only happy to offload in bulk because it saves them hassle and keeps cash flow going and profits flowing, but this prevents 3462 people from owning a home. This is increasing competition among first time buyers and keeps prices inflated by limiting supply, this is part of the reason why we're not seeing drops in desirable areas. The government needs to be lobbied to limit how many apartments or new developments can be purchased by investment funds, they are contributing to this crisis.https://www.google.com/amp/s/www.irishtimes.com/business/construction/just-8-000-houses-built-last-year-offered-for-sale-on-open-market-says-cif-1.4177876%3fmode=amp
Claw Hammer wrote: » A lot of those apartments would never be built at all if it wasn't for the investment funds. Builders can't afford to spec build for individual buyers any more.
MattS1 wrote: » Quick Question. Looking at a property in Dublin that was sold in 2010 and comparing it against once that is closing sale now. From the CSO PPI, it says from March 2010, the index is at 91.8 in Dublin. It is now at 123.9. Does that mean a property that sold in Dublin for 200k in March 2010 should be (129.9-91.8 = 32.1%) should be approximately 200*1.321 = 264k?
Claw Hammer wrote: » Public policy. Is one house not enough for you?
ELM327 wrote: » Not surprising at all. The old 5 day presenteeism office week is dead.
Villa05 wrote: » Whats more important? Housing for people working there or people there for a couple of nights
Naos wrote: If I choose to save my money over a number of years and buy or build a second home as a holiday home, where I will be contributing to the local employment & local economy as opposed to pissing it away on holidays abroad, I should not be allowed to do so?
cnocbui wrote: Possibly the latter, in terms of contribution to the economy, if occupancy was 85%, say.
Villa05 wrote: » If that is the case, would it not make sense for the private market to build accomodation for that purpose rather than pulling stock from existing residential stock.
