Assetbacked wrote: » https://www.irishtimes.com/business/construction/goal-to-build-35-000-homes-won-t-be-met-without-significant-changes-cif-1.4356583?mode=amp Good to see among the covid hysteria, the CIF pre-budget submission (being reported in a national paper too) is seeking to put pressure on the government to get on with its single most important mandate from the last election; dramatically increase supply and make housing affordable.
brisan wrote: » https://www.cso.ie/en/releasesandpublications/er/lfs/labourforcesurveylfsquarter22020/ I have read it and cannot find the relevant section Could you oblige and post the relevant section Thanks
beauf wrote: » People want to believe the low paid have equal access to property, and that no one has been uneffected or even done better out of the pandemic.
Hubertj wrote: » Egyptian property? Worth a punt?
Bubbaclaus wrote: » ....Unfortunately, as the stats bare out, it is the low paid that have been affected by the pandemic. Everyone else is business as usual, apart from working from home and saving more money than usual. ...
Bubbaclaus wrote: » Do you want to maybe copy and paste the first few words of that sentence too? Or does it suit your internet warrior persona better to just take half a sentence out of context?
Bubbaclaus wrote: » It's the CSOs Q2 Labour Force Survey.
brisan wrote: » at least 90% of first time buyers in high demand areas have third level degrees. Copy and pasted from your original quote
HotDudeLife wrote: » Come on mate, you're in denial here.
Bubbaclaus wrote: » People expecting large 50% drops will be kept waiting I'd say. The situation is very different to a decade ago. People will still need places to live and the level of construction will slow a lot if prices start dropping by 10%. Low supply will mean there will be enough demand for that limited supply to prop prices up and keep the decreases minimal. In our last crisis there was too many houses. People trying to compare just don't seem to be up to speed on the vastly different scenario this time around.
Bubbaclaus wrote: » Really? Tell me what is going to happen so. Employment actually increased amongst third level educated people in Ireland in Q2 this year, mid pandemic. I would guess at least 90% of first time buyers in high demand areas have third level degrees. Our income tax receipts this year are pretty much unchanged from last year. Unfortunately, as the stats bare out, it is the low paid that have been affected by the pandemic. Everyone else is business as usual, apart from working from home and saving more money than usual. People expecting these people to suddenly not buy houses are in for a surprise. People claiming its 2008 again clearly either don't understand what happened in 2008 or don't understand what is happening now.
Bubbaclaus wrote: » Clearly you have misread my post if that's what you took from it.
brisan wrote: » So the low paid have no vested interest in the property market Example Mary has a high tech job earns 100k John is a Barista earns 30 k On those wages they qualify for a mortgage of 455k John loses his job Mortgage available 350k So what happens ???
brisan wrote: » I would like to see where the 90% of buyers in high demand areas having a third level degree comes from Although I do have a fair idea where it came from
schmittel wrote: » Do you have link to article about the third level employment? WOuld genuinely like to read it.
Bubbaclaus wrote: » Very good. As I said, there is no economic similarities between then and now. Yet I'm sure you will continue to compare anyway.
brisan wrote: » And apart from the one property that they live in what will they do with the other properties that they buy ?? I already know your answer and it is one fraught with problems
neutral guy wrote: » In 2007 I heard same songs !
JimmyVik wrote: » No money to be made in property now. And with huge risk attached to it now who would invest in it.
