combat14 wrote: » scrap HAP and let people emigrate again if they cant afford the nose bleed rents here
PropQueries wrote: » Maybe read my post again
cnocbui wrote: » More simplistic drivel. Banks are barely lending and the number of hoops people are having to jump through to get loans and mortgages are considerable, so your supposition is wrong. There is no reckless and profligate lending going on.
PropQueries wrote: » Back in 2014, David McWilliams asked who will the funds sell the assets they bought (“for 25 cent in the euro.”) to when they decide to exit. His opinion was: “They will sell to Irish investors. Where will the Irish get the cash? Why they’ll borrow it from Irish banks and we will be back to where we started with Irish banks overleveraged to expensive Irish property.” He got it wrong. They’re not selling to Irish investors. It appears they’re selling/leasing them back to the Irish state. The very same state they bought them off of for c. 25c in the euro only a few years ago. At least NAMA may make a “profit” at least. I wonder what history will make of that 2012 to 2016 period? Link to his article here: http://www.davidmcwilliams.ie/when-the-vulture-funds-move-on-our-broken-banks-will-be-right-back-where-they-started/
schmittel wrote: » I don't know as am not overly familiar with the housing policies of other countries. But the comparison is only relevant if other countries have had governments who tried solve the affordability problem with measures that they were advised would push up prices. Are there any other countries who do this or is Ireland an outlier here as in so much else?
Villa05 wrote: » The state has already had 7 years since the first warnings of issues In that time the state was the largest owner of property and land in the Western world Yes times were difficult financially early on, but that changed through the years, We could have leased a portion of that property from nama at a fraction of what is being paid to the vulture funds that purchased them Entering long term leases with these same funds would imply that the present government has no intention of resolving the issue using a value for money approach It then follows that those that purchase or rent their own accomodation have to pay more tax to compensate for government incompetence, inaction and outright market interference that drives up prices Continuation of such policies will lead to state bankruptcy The state has had opportunity after opportunity to fix this including now through the availability of land, labour and 0 cost capital. They have chosen to make the problem worse for buyers, sellers, local landlords, homeless and those that can't afford prices and rents It is incredible that a government would willingly impose this on its citizens in a democracy
ExMachina1000 wrote: » https://www.independent.ie/business/irish/irish-prosperity-overstated-by-eu-rankings-says-former-central-bank-governor-honohan-40051912.html Former governor of the central bank tells how Ireland isnt as rich as we seem to think we are. Bang on average in the EU. Housing market here must surely be way overvalued "That result places Ireland at 12th – below the UK and all six of the founding members of the European Economic Community, as well as Austria and the three Nordic member states"
Hubertj wrote: You’re so blinkered in your view you can’t see the bigger picture. What I also find interesting is that SF support has plateaued even when the government is making such a balls on everything in this country. Kind of tell you something doesn’t it? Government is responsible for the current mess, that is obvious. Question is how to address it in short term. They can’t do nothing.
Marius34 wrote: » Europe has wide range of different political parties, any country managed to push sale price down and solve affordability problem?
Villa05 wrote: » It seems odd that in 1982 the state would go to court on this and in 2021 would be largely responsible for high rents 1980's may not be too far away from repeating itself in so many contexts Is it harmful though, those voters have sons and daughters affected by this. Their voters will also have to pay higher taxes to fund it. Would an affodable resolution gain more votes than they loose. Is policy more tied to the political party financiers wants moreso than their voters. If I remember correctly apartments were always cheaper than houses in the late 90's, noughties. How come they are considerably more expensive now. What changed?
cnocbui wrote: A court case on on the constitutionality of the measure?
schmittel wrote: The attitude of FF and FG is (understandably from a political context) to protect and enhance their base - which is largely homeowners. So their policies are designed to get as many people as possible into homeownership, whilst simultaneously protecting prices for the benefit of their existing votes. Best way to do this is very clearly to solve affordability problems by pursuing policies that drive down prices, the exact opposite of what the current lot are doing. This will be harmful to majority of FG/FF voters but on balance SF will care very little about that.
Hubertj wrote: The problem is see is the state needs housing immediately. They state is unable to build housing short term to meet that need (irrespective of any current restrictions). The state needs years to build the amount of affordable and social housing it requires. What alternative options does it have short term? Do nothing? So the state has to purchase or lease propoerty in the market. Where else can it purchase?
schmittel wrote: » My view on the change that will come with SF is not based on what they are talking about, it is more a fundamental change in attitude. The attitude of FF and FG is (understandably from a political context) to protect and enhance their base - which is largely homeowners. So their policies are designed to get as many people as possible into homeownership, whilst simultaneously protecting prices for the benefit of their existing votes. It is clear from polls, that if SF get into power it will be on the back of the younger non homeowning demographic, and SFs base will have expanded beyond left wing republican terrorists. It is a pretty safe assumption that they will do exactly the same as previous governments, and govern first and foremost with the benefit of their base in mind.Best way to do this is very clearly to solve affordability problems by pursuing policies that drive down prices, the exact opposite of what the current lot are doing. This will be harmful to majority of FG/FF voters but on balance SF will care very little about that.
Hubertj wrote: » Talk is cheap
Hubertj wrote: » I believe SF are proposing to freeze rents for a number of years. I wonder what impact that might have
In Blake v. The Attorney General [1982] I.R. 117 the Supreme Court held (inter alia) that Part 2 of the Rent Restrictions Act, 1960, which restricted the amounts of the rents payable to their landlords by tenants of controlled dwellings, was invalid having regard to the provisions of the Constitution of Ireland,
Hubertj wrote: » Radio talking about regional price caps for affordable housing scheme. Thoughts on it? Effectively sets the price for the units in each region irrespective of market price? What % of units will be in each region, will it be enough to impact market price? Is there information about how many units or what amount of € is available annually?
schmittel wrote: » What's that?
Marius34 wrote: » So one more lesson needs to learned.
schmittel wrote: » Yes, that's clear if Government the usual FG or FF led flavour. However if that change of government is SF for example I think we'll see a lot of change.
