CorkRed93 wrote: » What happens with these units then if unused for retail? do people see them just laying idle or possible some can/will be converted for different use?
Dwarf.Shortage wrote: » I'm actually heartened for the first time in a long time that steps in the right direction are afoot. If the increased funding to build social housing removes or even materially reduces the extent of the government out bidding people trying to purchase private housing things should improve a bit supply wise. It's not a panacea and I don't think there is one, but it will help.
HopsAndJumps wrote: » The new Somerton house in Adamstown are going on sale Friday. The 3 beds start at 365k. I got a shock! The Newpark ones started at 315k
donnaille wrote: » Yes, that's my understanding too.
combat14 wrote: » house prices are almost back to crazy celtic tiger boom levels (only 18% off) and rents here are now insane.. FF/FG will have to tackle this issue at some stage or the country faces a potential youth brain drain post covid 19 or else a massive renewed vote for SF next time out
merikahan wrote: » The bay view in Baldoyle is starting from 410K with 425K for 112 sqm 3 bed house. 100 years from now, we’ll called as a generation which couldn’t afford a house.
cnocbui wrote: » A 3 bedroom of that size in San Franciso would cost you 2-3 times that. Same for many other cities around the world.
Duke of Url wrote: » I have bought a house in a new estate this year and at least 90% are privately owned.
fliball123 wrote: » So just out of curiosity I know we have had our differences but what would you do to solve it? NOt attacking you now or anything!
schmittel wrote: » There is a huge range of measures which would make up quite a long post but in a nutshell it would involve 180 degree turn in change of focus and strategy to reallocate housing budgets and resources. The short version: Scrap all Help to Buy/Shared Equity etc etc measures designed to make housing more affordable to private buyers. Reallocate these funds to HAP/Social Housing budgets. Set a more modest limit on HAP rates than current market rates. Scrap all rent controls. Let private landlords charge what they think the market will bear. Scrap all long term leases for social housing with landlords, offer them tax incentives to offer longer leases in private rental market. Generally improve tax risk/reward for landlords. Although no rent controls keep designated RPZs as a marker of where problems are greatest. Hammer any Airbnbs hard in current RPZs to get them either on market for sale or market for rent. Enforce it properly in the future. Introduce vacant property register in RPZs. (Give the job to the CSO, not Fingal CC!) Reduce CGT on sale of long term vacant property if sold within next 6 months. Introduce some sort of planning permission type system for vacant property in RPZs - i.e no tax if you wish to keep a property vacant but you need to have a good reason. Enforce it properly. Monitor it. If a property is listed as a rental, check it regularly. Increase CAT allowances within a near term timescale specifically for pensioners downsizing properties in RPZs. Introduced government backed bridging loans for downsizers. Do a deal with banks/vulture funds whereby the government pledges a change in policy and to promote change in public opinion on arrears - i.e if you are not paying your mortgage we will repossess you. In exchange banks/vulture funds hand over the loan books of those who are genuinely the poorest in need of most help, and every property that is suitable for social housing. So basically if Vultures Inc have an unemployed family of four living in a modest house, or modest buy to let, it becomes the governments problem.And if they have a celebrity chef and model living in a 1m house in Clontarf they have the green light to fast track the repo and get it on the market. Clear all this overhang and then scrap CB lending limits. Allow banks to lend as much as they wish based on their risk analysis of individual borrower BUT with non recourse loans and fast tracked repos after 6 months. I could go on and on and on but you get the idea, basically the opposite of everything we are doing now! And this government have the perfect excuse with which to protect themselves from some of the negative fall out from the above - they can blame covid impact on the economy.
cubatahavana wrote: » Bit unfair to compare baldoyle to San Fran
Bubbaclaus wrote: » Absolutely. There is a massive homeless problem in San Fran. The real kind of homeless too.
merikahan wrote: » having lived & worked in SFO for sometime , this is hilarious post.. In SFO, they also pay 4-5 times of Dublin wages for IT workers.
javaboy wrote: » They pay significantly more but 4-5 times is a gross exaggeration.
virginmediapls wrote: » No it's not. SDE IIs in SFO make over 250k easily. Good luck getting that here. Source : Over 15yrs in the industry, currently hiring software manager.
soirish wrote: » The market hasn't changed much in the last few months.
PropQueries wrote: » The same index shows that in February 2007 it was at 130 and in February 2008 it was at 127. Little change back then as well... Link here: https://www.cso.ie/en/releasesandpublications/ep/p-rppi/residentialpropertypriceindexaugust2016/
fliball123 wrote: » Link is for 2016?
virginmediapls wrote: » SDE IIs in SFO make over 250k easily. Good luck getting that here. Source : Over 15yrs in the industry, currently hiring software manager.
