2021 Irish Property Market chat - mod warnings post 1

Timing belt · 05-03-2021 07:48PM

DataDude wrote: »

Fair point. Revenue have data from 2018 based on "taxpayer units". Married couples jointly assessed are considered one person essentially. I've just downloaded really quickly and unless I'm doing something stupid (possible!) it would indicate only 5.7% of taxpayer units earn over €80k.

Married both couples earning - 8.3% over €80k
Married one couple earning - 8.8% over €80k

These numbers seem remarkably low to me, but don't have time to investigate further. Maybe another time!

EDIT - If you take out the large number in 0-10k bracket (i.e. not working?) then the figures above go to 6.8%, 9.1% and 10.0%. Still seems very low though!

https://www.revenue.ie/en/corporate/information-about-revenue/statistics/income-distributions/individualised-gross-income-distributions.aspx

What is interesting is that the tax base increased by 155k between 2016 and 2018 and 88% (137k) of this growth was with an income of 35k+

The low number of married couples could be down to the fact that people choose property over a 20k wedding... No evidence to back this up... just a suggestion.

DataDude · 05-03-2021 08:08PM

Timing belt wrote: »

What is interesting is that the tax base increased by 155k between 2016 and 2018 and 88% (137k) of this growth was with an income of 35k+

The low number of married couples could be down to the fact that people choose property over a 20k wedding... No evidence to back this up... just a suggestion.

Interesting and very positive!

I never went back to this but did you see same figures as I had? In particular only 9 odd percent of dual income married couples earning over €80k combined? That seems so low to me that I’d nearly doubt the data. Only thing I can think of is that a huge percentage of dual income couples have one ‘earner’ on a form welfare payment only (e.g. maternity leave) which I think for the purposes of that data categorises you as an earner as it’s taxable.

Even at that, I’d have to expected the figure to be 30%+ at a minimum.

Yurt2 · 05-03-2021 08:27PM

DataDude wrote: »

Interesting and very positive!

I never went back to this but did you see same figures as I had? In particular only 9 odd percent of dual income married couples earning over €80k combined? That seems so low to me that I’d nearly doubt the data. Only thing I can think of is that a huge percentage of dual income couples have one ‘earner’ on a form welfare payment only (e.g. maternity leave) which I think for the purposes of that data categorises you as an earner as it’s taxable.

Even at that, I’d have to expected the figure to be 30%+ at a minimum.

It does seem low doesn't it? But, I've also long held the suspicion that we are told we are wealthier than we actually are as a country.

05-03-2021 08:34PM

Timing belt wrote: »

Biden is not going to raise taxes unless very strong economic recovery...even his own party would stop him...even all the pro democrat news have being saying that it won’t happen unless we see the economy boom to do so otherwise would be worse than the Irish government guaranteeing every bank deposit.

Biden GONNA rise taxes ! And democrats too !

Jeff Bezos would owe $5.7 billion in taxes for 2020 under the Ultra-Millionaire Tax Act proposed by a group of Senate and House Democrats and independent Sen. Bernie Sanders on Monday.

The tax would be a 2% annual levy on wealth over $50 million and 3% on wealth over $1 billion.

Elon Musk would owe $4.6 billion in 2020 and would still have a fortune of over $148 billion at the end of the year.

Bill Gates would have to pay $3.6 billion for 2020, and Mark Zuckerberg would have to pay $3 billion.

Hard to believe is not ?

Same will happen in Ireland straight after Covid !

DataDude · 05-03-2021 08:44PM

Yurt! wrote: »

It does seem low doesn't it? But, I've also long held the suspicion that we are told we are wealthier than we actually are as a country.

Average combined salary (includes 72% joint applicants and remaining solo) of average first time buyer in 2020 was €75k. Average for second and subsequent buyers was €112k.

I’m not sure how those two datasets stack up. Average FTBs have combined income around the top 10% of households in the country? Doesn’t seem to make any sense.

Yurt2 · 05-03-2021 08:51PM

DataDude wrote: »

Average combined salary (includes 72% joint applicants and remaining solo) of average first time buyer in 2020 was €75k. Average for second and subsequent buyers was €112k.

I’m not sure how those two datasets stack up. Average FTBs have combined income around the top 10% of households in the country? Doesn’t seem to make any sense.

It's a headscratcher alright.

I'd dearly wish we had higher quality data on all this stuff. As part of a previous job, I remember having to ring the CSO in Cork to clarify some data they had published(unrelated to income or housing). Didn't inspire confidence the response I got from the unit that collected, collated and published it.

Hubertj · 05-03-2021 09:07PM

Yurt! wrote: »

It's a headscratcher alright.

I'd dearly wish we had higher quality data on all this stuff. As part of a previous job, I remember having to ring the CSO in Cork to clarify some data they had published(unrelated to income or housing). Didn't inspire confidence the response I got from the unit that collected, collated and published it.

I think they are limited in terms of how they receive or gather some data for analysis - manual forms, data sets from different databases that can be difficult to validate etc. However, it really is the only data we can rely on whatever the margin for error might be.

MacronvFrugals · 05-03-2021 09:07PM

Yurt! wrote: »

I'd dearly wish we had higher quality data on all this stuff. As part of a previous job, I remember having to ring the CSO in Cork to clarify some data they had published(unrelated to income or housing). Didn't inspire confidence the response I got from the unit that collected, collated and published it.

Ireland was never great at statistics

'Statistics are unreliable and incomplete': European report scathing of Ireland's homelessness policies

according to the report, which was compiled by the European Social Policy Network (ESPN), a body established by the European Commission to provide "high-quality and timely independent information, advice, analysis and expertise on social policy issues in the European Union".

"The current reality in Ireland is that the statistics are unreliable and incomplete".

https://www.irishexaminer.com/news/arid-30951594.html

cnocbui · 05-03-2021 09:13PM

Deleted User wrote: »

Biden GONNA rise taxes ! And democrats too !

Jeff Bezos would owe $5.7 billion in taxes for 2020 under the Ultra-Millionaire Tax Act proposed by a group of Senate and House Democrats and independent Sen. Bernie Sanders on Monday.

The tax would be a 2% annual levy on wealth over $50 million and 3% on wealth over $1 billion.

Elon Musk would owe $4.6 billion in 2020 and would still have a fortune of over $148 billion at the end of the year.

Bill Gates would have to pay $3.6 billion for 2020, and Mark Zuckerberg would have to pay $3 billion.

Hard to believe is not ?

Same will happen in Ireland straight after Covid !

Damn, I better leave quicker than I was planning to.

cnocbui · 05-03-2021 09:17PM

Speaking of the US, it's not helping the ever popular imminent house price falls narrative:

A pullback by sellers resulted in roughly 207,000 fewer homes newly listed for sale in the first two months of 2021 compared with the average for the same period over the last four years.
In January, prices were up just over 10% year over year, according to CoreLogic.

https://www.cnbc.com/2021/03/05/spring-housing-market-just-lost-more-than-200000-new-listings.html

Villa05 · 05-03-2021 09:18PM

Hubertj wrote:

I think they are limited in terms of how they receive or gather some data for analysis - manual forms, data sets from different databases that can be difficult to validate etc. However, it really is the only data we can rely on whatever the margin for error might be.

Is there any clues in the 2016 household income report into something that might be missing. The 22% over 80k seems more logical, maybe closer to 30% for pre covid times

05-03-2021 09:39PM

The most common problem of many property sellers I think
That they took them property out of the market when they could get best price possible before prices will collapsed.
Sadly they still believe that they will get better price when Covid will be gone
Sadly they does not understand that the best price they will get when when is supply shortage not demand shortage
In last 1 year I found that many sellers took property out believing that is the best
When other sellers selling them property quicker because is less competition on market
As I said before some sellers think that times are not different

fliball123 · 05-03-2021 09:52PM

Deleted User wrote: »

The most common problem of many property sellers I think
That they took them property out of the market when they could get best price possible before prices will collapsed.
Sadly they still believe that they will get better price when Covid will be gone
Sadly they does not understand that the best price they will get when when is supply shortage not demand shortage
In last 1 year I found that many sellers took property out believing that is the best
When other sellers selling them property quicker because is less competition on market
As I said before some sellers think that times are not different

So you think that all the current people who want to buy a house is going to buy a house while in lockdown and cant actually see the property. Unbelievable talk about a blinkered one sided look at the current situation there will be as much if not more demand for property when lock down is gone. People have been holding off due to talk of a bubble from back in 2017, to fears over brexit and now over covid. There is a huge cohort waiting who did not pull the trigger on buying. Now they have just gone through a period of 12 months in 2020/2021 where we have seen the country shut down longer than it was open and prices have gone up. if you don't think the demand is there ready to spring into action you only have to look at the spike in sales , mortgage approvals and draw downs when the last lock down lifted before the xmas. Add in if anyone is renting, living with mam and dad or house sharing, nothing like being locked down to make you want your own place and nothing like being in a small 2 bed apartment with 2 kids to make you want something bigger.

I believe there is more demand than supply out there currently and construction commencements were hit last year and in 2021 we have yet to open up fully further constraining construction.

Sure look we cant say what the numbers are neither of us have a crystal ball so we will just have to see what happens.

drogon. · 05-03-2021 10:01PM

Deleted User wrote: »

Biden GONNA rise taxes ! And democrats too !

Jeff Bezos would owe $5.7 billion in taxes for 2020 under the Ultra-Millionaire Tax Act proposed by a group of Senate and House Democrats and independent Sen. Bernie Sanders on Monday.

The tax would be a 2% annual levy on wealth over $50 million and 3% on wealth over $1 billion.

Elon Musk would owe $4.6 billion in 2020 and would still have a fortune of over $148 billion at the end of the year.

Bill Gates would have to pay $3.6 billion for 2020, and Mark Zuckerberg would have to pay $3 billion.

Hard to believe is not ?

Same will happen in Ireland straight after Covid !

The figure you quote is so misleading.

None of the Billionaires actually have the amount of money you claim they have !

Example - Sure Elon is worth $148 billion but he doesn't have that much money in the bank, they are all in assets/stocks - hence he won't be liable to pay $4.6 billion in tax like you claim he would. Even if he liquidated all his assets today (Tesla and SpaceX) none would be worth that much. Neither companies generates a lot of money and all the value is based on future revenue they can generate and not based on their actual current value.

Hubertj · 05-03-2021 10:04PM

Villa05 wrote: »

Is there any clues in the 2016 household income report into something that might be missing. The 22% over 80k seems more logical, maybe closer to 30% for pre covid times

I don’t believe there is any way to better analyse/interrogate the data or gather it using different methods at this time. It is consistent in its methodology I presume so it’s really the only data to use.

05-03-2021 10:04PM

fliball123 wrote: »

So you think that all the current people who want to buy a house is going to buy a house while in lockdown and cant actually see the property. Unbelievable talk about a blinkered look at the current situation there will be as much if not more demand for property when lock down is gone. People have been holding off due to talk of a bubble from back in 2017, to fears over brexit and now over covid. There is a huge cohort waiting who did not pull the trigger on buying. Now they have just gone through a period of 12 months in 2020/2021 where we have seen the country shut down longer than it was open and prices have gone up. if you don't think the demand is there ready to spring into action you only have to look at the spike in sales , mortgage approvals and draw downs when the last lock down lifted before the xmas. Add in if anyone is renting, living with mam and dad or house sharing, nothing like being locked down to make you want your own place and nothing like being in a small 2 bed apartment with 2 kids to make you want something bigger.

I believe there is more demand than supply out there currently and construction commencements were hit last year and in 2021 we have yet to open up fully further constraining construction.

Sure look we cant say what the numbers are neither of us have a crystal ball so we will just have to see what happens.

I did see how USSR collapsed when millions was telling this never gonna happen
I did see how Germany got united when millions said this never gonna happen
I did see many recessions and booms
I did see tens of millions who lost everything when they was thinking this never gonna happen
Billions people would say that Covid will never happen !
If somebody could tell you will wear mask in Ireland in 2020 ? What would you tell that guy ?
Lets say I am to old to believe anything what other gonna say because many people before said this never gonna happen !
If we come back to property market in Ireland.There is too much people still believe this never gonna happen again

Because time are different.
There is far far way to early to speak about how Covid will affect property market just because Covid is not ended yet.

fliball123 · 05-03-2021 10:11PM

Deleted User wrote: »

I did see how USSR collapsed when millions was telling this never gonna happen
I did see how Germany got united when millions said this never gonna happen
I did see many recessions and booms
I did see tens of millions who lost everything when they was thinking this never gonna happen
Billions people said that Covid will never happen !
If somebody could tell you will wear mask in Ireland in 2020 ? What would you tell that guy ?
Lets say I am to old to believe anything what other gonna say because many people before said this never gonna happen !
If we come back to property market in Ireland.There is too much people still believe this never gonna happen again Because time are different.
There is far far way to early to speak about how Covid will affect property market just because Covid is not ended yet.

Well I am keeping the confines of the thread is in the 2021 property market. I am not saying there wont ever be another crash and more importantly I have never encouraged or discouraged anyone from buying or selling.

Looking at your posts what has your list of what you seen got to do with the current property market?? I mean if you were writing this back in 2011 you could of written property will never go up again after 4/5 year of price drops but look at what happened.

The main difference between 08 and now is there is no easily available credit to fuel a bubble thanks to the ECB regulations.

05-03-2021 10:18PM

fliball123 wrote: »

Well I am keeping the confines of the thread is in the 2021 property market. I am not saying there wont ever be another crash and more importantly I have never encouraged or discouraged anyone from buying or selling.

Looking at your posts what has your list of what you seen got to do with the current property market?? I mean if you were writing this back in 2011 you could of written property will never go up again after 4/5 year of price drops but look at what happened.

The main difference between 08 and now is there is no easily available credit to fuel a bubble thanks to the ECB regulations.

The main fuel for engine of property market are money
Not demand,not suply ! The money !
If no money then no fuel for the engine
People does not printing money because people earning money
We can not talk just about supply and demand !
We have take everything on account what bring money ( fuel ) to the property ( engine )
When I see how people speak only about supply and demand there is nothing to say them because they does not speak about money.
At the moment we have half economy,rising debt and huge unemployment.
What says that supply of the money to property market will be limited.
What will happen then ? Prices will down .

thefridge2006 · 05-03-2021 10:42PM

fliball123 wrote: »

Some people since my parents bought a house always had problems paying the mortgage or the rent. Back in their day the interest rates were 24% and they were taxed at over 70% on some of their wage. I remember my dad saying that for the first 3 weeks they lived in their new house they lived on beans and toast. Having said that people will always need somewhere to live.

This truth cannot be denied even by the biggest doomsdayers on here.

So say we have the crash that a lot of you all so vividly wanting and expecting. People who currently have houses are protected there is not one government party who will force "family home" repossessions . This has been proven in the aftermath of the 08 crisis. So if someone thinks there will be mass repossessions this time are in for a shock. So people who own their home are safe.

So your left with renters/landlord system. This system has been shifting over the last 5/6 years to REITS and vulture funds and away from the small landlord.
So the vultures/REITS are the predominant force in the market today, so much so they can leave property vacant in order to keep the rents higher. Now if our cohort of renters cant afford them then the lefties who have been shouting loudest with crap like "free homes for everyone" and "housing is a right" will force the current government or the government at the time to pick up the cheque to house these people. This is already currently happening as can be seen by the subsidies which include HAP, Help to buy, FTB grant.

Now I am not happy about this situation. I think people should have to pay their mortgage or sell up and get somewhere cheaper. I think all subsidies to the property market (both rent and buying/selling) should be stopped and rent prices should find its equilibrium price. I also think that the ECB rules are a bit restrictive (when compared to other first world countries) and would like to see the cap here raised to say 5 times your salary but with a 20% deposit to buy for everyone (including FTB) that way prices have to drop 20% before the bank runs into any trouble with a property/mortgage.

The problem as I see it is the lefties are setting the agenda and in the current scenario the amount of housing needed when you move the chess pieces on the board around, are the same. People on here like props will tell you there is over 100k properties vacant (he may be right) but the question has to be asked why are they not in the current rental/buying/selling markets.

Now we have had more births then deaths year on year for the last 100 years and for the 5 years preceding the COVID we were seeing a big spike in people emigrating into the country. Now think, people like props on here saying emigration figures will fall off a cliff once we get back to normal. Even do we had more people coming in to Ireland than leaving it in 2020 when we were supposedly seeing on one coming in. Add in the new regime for refugees coming in and getting a place to live in 4 months as apposed to 7/8 years they currently have to live in places like Mosney holiday park and other designated areas in the country and could not work or do anything until they had been through the system. Do you not think that we will not see a huge increase in refugees coming here with this change alone?

If the crash does happen I think we will need to see an absolute exodus of people leaving the country for property to fall in any meaningful way. The crash would also only have to be in Ireland and in no other country in order for this to happen. I say this as why would you leave one country thats in dire straits for another when you can get a very generous welfare rate (one of the best in the world) and will be afforded some kind of accommodation. If a person living and paying tax in Ireland leaves for say England or America they are on their own.

4 of my friends are moving out of here the minute they can. very anecdotal of course

hometruths · 05-03-2021 10:54PM

One for PropQueries scrapbook: Aberdeen Standard fund pays €20m for Dublin apartment portfolio

Built by Red Rock Developments, the scheme at 19-20 Blackhall Street in Smithfield promises to deliver a steady and reliable return to ASI’s European Long Income Real Estate Fund, as it is being let in its entirety to Dublin City Council on a 25-year inflation-linked lease.

The price paid for the portfolio equates to an average of €512,820 per apartment.

Nice work if you can get it. I am presuming this inflation linked lease has not allowed for falling market rents.

They must be very nice apartments. One would have thought being bought as a job lot would work out cheaper per apartment, but 500k each seems high for the area.

Interestingly it seems Red Rocks plan at the outset was not long term social housing tenants. Their website describes the development whilst under construction:

Blackhall Plaza will comprise 37 ultra modern and high specification apartments designed for both the owner occupier and private rented market.

If the market is on fire with prices rising why are developers not selling off their top end ultra modern and high spec properties individually to the highest bidders in the open market?

Are they pulling on the green jersey and doing their bit to ease homelessness?! Or is that they know there is more money to be made by fleecing the gullible taxpayer?

Timing belt · 05-03-2021 10:57PM

[Deleted User] wrote: »

Biden GONNA rise taxes ! And democrats too !

Jeff Bezos would owe $5.7 billion in taxes for 2020 under the Ultra-Millionaire Tax Act proposed by a group of Senate and House Democrats and independent Sen. Bernie Sanders on Monday.

The tax would be a 2% annual levy on wealth over $50 million and 3% on wealth over $1 billion.

Elon Musk would owe $4.6 billion in 2020 and would still have a fortune of over $148 billion at the end of the year.

Bill Gates would have to pay $3.6 billion for 2020, and Mark Zuckerberg would have to pay $3 billion.

Hard to believe is not ?

Same will happen in Ireland straight after Covid !

Bernie Sanders lol

PropQueries · 05-03-2021 11:01PM

schmittel wrote: »

One for PropQueries scrapbook: Aberdeen Standard fund pays €20m for Dublin apartment portfolio

Nice work if you can get it. I am presuming this inflation linked lease has not allowed for falling market rents.

They must be very nice apartments. One would have thought being bought as a job lot would work out cheaper per apartment, but 500k each seems high for the area.

Interestingly it seems Red Rocks plan at the outset was not long term social housing tenants. Their website describes the development whilst under construction:

If the market is on fire with prices rising why are developers not selling off their top end ultra modern and high spec properties individually to the highest bidders in the open market?

Are they pulling on the green jersey and doing their bit to ease homelessness?! Or is that they know there is more money to be made by fleecing the gullible taxpayer?

Between buying units outright or leasing them over 25 years, is DCC now the only buyer and renter in town?

I don’t think it’s tin foil hat thinking to believe they are.

Cyrus · 05-03-2021 11:06PM

schmittel wrote: »

One for PropQueries scrapbook: Aberdeen Standard fund pays €20m for Dublin apartment portfolio

Nice work if you can get it. I am presuming this inflation linked lease has not allowed for falling market rents.

They must be very nice apartments. One would have thought being bought as a job lot would work out cheaper per apartment, but 500k each seems high for the area.

Interestingly it seems Red Rocks plan at the outset was not long term social housing tenants. Their website describes the development whilst under construction:

If the market is on fire with prices rising why are developers not selling off their top end ultra modern and high spec properties individually to the highest bidders in the open market?

Are they pulling on the green jersey and doing their bit to ease homelessness?! Or is that they know there is more money to be made by fleecing the gullible taxpayer?

How is the developer fleecing the tax payer ? They sold it to the fund.

Hubertj · 05-03-2021 11:07PM

schmittel wrote: »

One for PropQueries scrapbook: Aberdeen Standard fund pays €20m for Dublin apartment portfolio

Nice work if you can get it. I am presuming this inflation linked lease has not allowed for falling market rents.

They must be very nice apartments. One would have thought being bought as a job lot would work out cheaper per apartment, but 500k each seems high for the area.

Interestingly it seems Red Rocks plan at the outset was not long term social housing tenants. Their website describes the development whilst under construction:

If the market is on fire with prices rising why are developers not selling off their top end ultra modern and high spec properties individually to the highest bidders in the open market?

Are they pulling on the green jersey and doing their bit to ease homelessness?! Or is that they know there is more money to be made by fleecing the gullible taxpayer?

Is the development actually finished and ready to go or under construction? Pros of selling as a job lot are money up front vs selling individual units over 12-18 months? But you would think you’d get a discount buying the lot as you say.
Perhaps it is also beneficial to developer repaying finance in shorter time frame.
Or they are just taking the money and running a mile....

fliball123 · 05-03-2021 11:08PM

Deleted User wrote: »

The main fuel for engine of property market are money
Not demand,not suply ! The money !
If no money then no fuel for the engine
People does not printing money because people earning money
We can not talk just about supply and demand !
We have take everything on account what bring money ( fuel ) to the property ( engine )
When I see how people speak only about supply and demand there is nothing to say them because they does not speak about money.
At the moment we have half economy,rising debt and huge unemployment.
What says that supply of the money to property market will be limited.
What will happen then ? Prices will down .

And as I have pointed out the ECB has put a massive spanner in the amount of money people can borrow... At the moment?? We have had a half an economy for the last 15 months and property prices went up, we have been adding debt for the last 15 months and property prices went up, we have had huge amounts of people on pup (so forcing people to stop working not unemployment - YET ) and property prices still went up. So your properties for prices crashing have been in place for 15 months and not wanting to sound like a parrot but property prices have gone up in that time. Now regardless of if money was spun out like wool from the ECB or not the ECB rules have limited what an Irish mortgage holder can borrow. So the fuel you are talking about has been quelled. If the ECB rules where not in place I reckon prices would be up even higher.

hometruths · 05-03-2021 11:11PM

Cyrus wrote: »

How is the developer fleecing the tax payer ? They sold it to the fund.

They originally planned to sell the units individually to owner occupiers and investors.

But they decided they would be better off entering into a 25 year inflation linked lease for the entire to the taxpayer.

Once this was in place they sold the entire to the fund for over 500k an apartment.

It was the taxpayer who added value here.

fliball123 · 05-03-2021 11:12PM

thefridge2006 wrote: »

4 of my friends are moving out of here the minute they can. very anecdotal of course

To go where? Where in the world will a country not be in some kind of debt for Covid??? Frying pan and fire. See how quickly they go when they realise that covid was not just an Irish phenomenon. If they leave they will not have the pillow of a very generous unemployment benefit and a guarantee the state will house them. Anyway good luck to them. Just on the anecdotal side I have 6 friends in Oz all looking to come back to Ireland and will when things have opened up.. For the life of me I dont know why.

05-03-2021 11:12PM

fliball123 wrote: »

And as I have pointed out the ECB has put a massive spanner in the amount of money people can borrow... At the moment?? We have had a half an economy for the last 15 months and property prices went up, we have been adding debt for the last 15 months and property prices went up, we have had huge amounts of people on pup (so forcing people to stop working not unemployment - YET ) and property prices still went up. So your properties for prices crashing have been in place for 15 months and not wanting to sound like a parrot but property prices have gone up in that time. NOw regardless of if money was spun out like wool from the ECB or not the ECB rules have limited what an Irish mortgage holder can borrow. So the fuel you are talking about has been quelled. If the ECB rules where not in place I reckon prices would be up even higher.

Manipulation.
That what is moving property market at the moment.
Not money.

hometruths · 05-03-2021 11:13PM

Hubertj wrote: »

Is the development actually finished and ready to go or under construction? Pros of selling as a job lot are money up front vs selling individual units over 12-18 months? But you would think you’d get a discount buying the lot as you say.
Perhaps it is also beneficial to developer repaying finance in shorter time frame.
Or they are just taking the money and running a mile....

Units finished and all but two occupied. You're currently paying the rent on all of them.

hometruths · 05-03-2021 11:15PM

PropQueries wrote: »

Between buying units outright or leasing them over 25 years, is DCC now the only buyer and renter in town?

I don’t think it’s tin foil hat thinking to believe they are.

Whether or not they're the only buyer in town, it certainly seems like they're the highest bidders!

2021 Irish Property Market chat - *mod warnings post 1*

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2021 Irish Property Market chat - mod warnings post 1