Gradius wrote: » When you have entities from here, there and everywhere queuing up at the door to buy your stuff, they aren't your new friends, they're here to capitalise on your stupidity, ad infinitum. Not to mention whether you should be selling at all. 1) you can't build enough housing because it's so expensive, apparently 2) instead, you'll sell what you do have mega cheap, then rent it back for many multiples of the price in perpetuity. Something absolutely stinks in this country, something is fundamentally wrong and it's going to come back on us all, every last one of us with no exception spared.
enricoh wrote: » I really hope some officials are getting serious backhanders out of these deals! It's about the only reason they should be signing up to them! It's a complete get out of jail card for developers, no one else was gonna buy them but we'll give you full whack anyway! Just lob in on the national debt - sorted!
Gradius wrote: » When you have entities from here, there and everywhere queuing up at the door to buy your stuff, they aren't your new friends, they're here to capitalise on your stupidity, ad infinitum. You're so f'in stupid it's famous, the word on your stupidity has spread around. Not to mention whether you should be selling at all. 1) you can't build enough housing because it's so expensive, apparently 2) instead, you'll sell what you do have mega cheap, then rent it back for many multiples of the price in perpetuity. Something absolutely stinks in this country, something is fundamentally wrong and it's going to come back on us all, every last one of us with no exception spared.
bilbot79 wrote: The people should find a reddit type method of ganging up and battling them through coordinated action
bilbot79 wrote: » Someone noted before that the funds buying apartments to rent will not drop their prices and instead leave them empty. Doesn't make sense unless: The business model is in fact based on a long term view that the high rents will force potential homebuyers into a rent trap they can never escape from and which self perpetuates by preventing the ability of people to own anything. We Irish thought we got our land back! The people should find a reddit type method of ganging up and battling them through coordinated action
bilbot79 wrote: Someone noted before that the funds buying apartments to rent will not drop their prices and instead leave them empty. Doesn't make sense unless:
Villa05 wrote: » It makes sense if you are the dominant player through government policy of taxing private landlords out of existence so the competition is chased out or heavily handicapped. A large part of your income is derived from long term state guaranteed leases so by restricting supply you are controlling price thereby maintaining upward trajectory in inflation, rents and revenues. Your assets are valued at potential return so leaving them empty makes business sense You pay little or no tax on profits so in effect like most public private partnerships, taxpayers money is gifted to private enterprise Who pays for all this Your children through rent gouging The taxpayer The economy through loss of competiveness The nation through unsustainable debt All this is achieved through our own government s policy. It is truly incredible that a government would enact such policy that is so stacked against a country and its citizens and economy And when they are called out about it all we hear on this forum is Look over there it's SF, they'll bankrupt the country. I'm leaving
Villa05 wrote: » ... I'm leaving
Villa05 wrote: » Are many people aware this is going on. Irish media is wall to wall covid What's going on is outright robbery
Gradius wrote: » In the midst of a global pandemic property costs have remained practically untouched despite the severe blows to employment, business, productivity, you name it. Does that make sense?? World war 3? Alien invasion? No, nothing stops Irish people paying through the arse, nothing. It's the mythical golden goose, the rest of the world wants a piece of the action, and the government's are more than willing to sell the goose at a discounted price. The docility of the Irish person is shameful, to be honest. Ireland is the new frontier, the wild west and they're tripping over themselves to lay their claims and take advantage of the suckers https://www.youtube.com/watch?v=jFrVoG-edFc
Hubertj wrote: I can’t remember where I read or saw it, perhaps one of the experts on here posted the article but prices actually increased significantly in some Europe countries last year. Such a disconnect from reality. It’s a systemic issue and not just down to government policy (contributory factor)
Mad_maxx wrote: » i think things are going the way of the likes of NZ and that property is going to get a good bit more expensive , its difficult to find a western country in 2021 where housing is not very expensive bar Berlin which is an outlier in Germany
Gradius wrote: » I think a lot of these irrational price increases are due to outside influences. Underhand stuff that's kept more or less hush-hush. You hear of Toronto regularly with it's empty apartment buildings, bought by foreign investors, while locals are gouged on the daily, thus beginning the cycle of non-ownership/no ability to ever own/social dissolution. Increasingly I see no reason to honour such purchases that are directly detrimental to a nation. Pieces of paper can be written upon just as quickly as they can be burned. And if there's no appetite from government's to serve the people's interests, if there's no recourse or possibility to improve the lives of a country, there are many other inflammatory actions to be taken. The details of who owns what and where are all obtainable. Let the prices continue to climb and climb. Why not have a 1 bedroom apartment cost 200 million euro? It's just as attainable as 10 million, or 800k. Watch the natural reaction take its course too.
Hubertj wrote: » If prices fall as dramatically in Dublin as some geniuses predict it will see a lot of people who were priced out of Dublin move back in. Commuter towns could suffer because people can afford to move back to Dublin. In my opinion.
PropQueries wrote: » I don't think it's as conspiratorial as all that. In my opinion, it's more due to the globalisation of finance and that large funds can invest in any country and in any asset class. This may actually be the cure as these funds exit or decide to invest in other asset classes. In fairness to many of them, they did build and they would have most likely sold or rented the completed units to the regular public as much lower prices/rents if the state didn't enter the fray and see them as the solution to solving their housing waiting list problem. If the state pulls back, these funds will lower their pricing expectations quite quickly and their exit may actually benefit the next generation of buyers IMO There have been many media reports of these funds entering into long-term leases with the local councils and then selling them on so this process is already in train IMO The only unknown is when the state will pull back and I'm banking on around mid-2021 IMO
Mic 1972 wrote: » Prices are not going to fall anytime soon, whoever has been trying to buy in the last couple of years things have gone mental, less and less properties available, insane bidding wars. Investors will pay any price at the moment
Gradius wrote: » As someone pointed out, a woman was trying to buy a home and was outbid by the government, essentially. The government will then turn around to raise money by taxing this woman. So, bidding against herself. Then, the cherry on top, they'll potentially sell this property to a vested entity whose sole purpose is to extract as much rent as possible. Or with equal chance, gift it to some migrant family that arrived off the last Ryanair flight. It's like an assault from all sides on the average person thats supposed to benefit from having a country, crazy concept that its becoming
Hubertj wrote: » Is there something wrong with “migrants”?
Gradius wrote: » When a country... 1) can't build enough housing 2) sells existing housing to vultures 3) gives away free housing to people not even from this continent All in the face of existing exorbitant costs, yes, of course there's something wrong with "migrants" receiving free housing. You expect a person to work their balls off their whole life and struggle with everything only to see someone from Brazil get gifted a home for life? It's bad enough to see anyone getting the ultimate leg-up for free, practically a lottery win, but not even from this country? What kind of blind fool would NOT see it as a problem?
Cyrus wrote: » And there it is
jill_valentine wrote: » The issue is not, by any means, some overpopulation scarcity. If we have a significant supply of housing that nobody can live in - which we do, the exact figures are arguable, but there is absolutely no denying a ton of units are sitting idle in Grand Canal, there are whole blocks of student units sitting dark, and there is brownfield land all over Dublin growing dandilions - then decisions have been made to artificially lever the market, regardless of how many people vs places there are. The scarcity then is artificial. And the reality is, it doesn't really matter how many people live here if the scarcity is artificial. The scarcity has been engineered - if the conditions change, it will simply be re engineered again to make sure the outcome's the same. It is not an issue of supply and demand when supply is being kept out of reach strategically. If we launched every non-Irish born resident off the island tomorrow then, we would not suddenly solve the homelesness issue. The goalposts would just be quietly moved again. Blaming migration is a distraction. A likely scapegoat, but a distraction. Like arguing about the other guy at the table over card counting when the casino pays in counterfeit cash. Edit- apologies, didn't see the mod note.
ExMachina1000 wrote: » This article (from 2011, you wouldn't get away with saying such things now) states that over half of the people/families on the dublin public housing list are non nationals with a third being non EU.https://www.independent.ie/regionals/herald/news/over-half-on-housing-list-are-foreign-27973856.html One would wonder what the up to date figures are. House building isnt at a rate to accommodate the indigenous population never mind the large number of immigrants. That's the reality. Like it or not
yagan wrote: » The gas thing is in 2011 the indigenous population, including myself were emigrating to Australia and elsewhere because picking mushrooms wasn't going to pay the bills. Like Irish diaspora in the past immigrant communities tend to want to cluster for community support which only adds greater pressures to the capital. In the 80s I was one of those emigrants who'd cluster in cramped accommodation in the USA and I can see the same cycle repeating itself here now.
