schmittel wrote: » I agree with you that these are the two areas where the most fat can be cut off, but they're also the two most politically sensitive. I can't see govt saying "We're going to cut health and housing budgets in aftermath of pandemic and midst of housing crisis." The opposition will have a field day.
Deleted User wrote: » Almost as if opinions are easy and running a govt is hard isnt it lads
schmittel wrote: » Fair point. Have a vague memory that this was the sort of drum Stephen Donnelly was banging way back when he was a Social Democrat, and before he started warning us about the dangers of trampolines. I remember thinking he seemed like he might make a refreshing change and it was a shame he was not likely to become a minister. I was wrong about that.
Hubertj wrote: » Agree 100% but I’m really referring to better procurement- renewing various contracts for sale or improved services but at better commercial terms. Imagine the good PR that would be?!? Unfortunately public servants have consistently demonstrated they do not possess the competence or inclination to do so.
Hubertj wrote: » I think this is stating the obvious. I believe the only questions are the nature of the taxes that will be introduced, when and the type of phasing. I think any tax increases also need to consider a review of public expenditure. Why does the report only mention tax increases and not by delivering efficiencies in expenditure?I think there is a couple of billion in savings on health alone - as In better use of funds, not cutbacks. There might even be a couple of euro to save in the provision of housing.
Timing belt wrote: » Central bank saying that tax increases will be required...https://m.independent.ie/business/budget/taxes-will-have-to-rise-to-fund-extra-services-warns-central-bank-40225896.html
beaufoy wrote: » I suggest most people giving advice either on purpose or by way of no knowledge give the wrong advice. Having said that I will now give my advice. Said advice comes from a person who I would suggest is the most qualified person in Ireland. Prices will bounce around whilst lock down is on. Then straight after lock down prices will increase by way of people waiting till the end of lock-down before they buy. Then after said spike occurs prices will fall
Woshy wrote: » Definitely - take everything with a massive heaping of salt.
DataDude wrote: » Would also much prefer Sandycove location but given the additional amount that needs to be spent on the house, don’t like exterior of Sandycove house and the straight east garden aspect - there are pros&cons to both!
Cyrus wrote: » yes i was going with say 200 sqm for the finished house at 2.5k per sqm to include extension and retrofit of existing, id guess its not that far out. you are in an ideal scenario in that regard, no kids, access to the funds to do it, and it will be a fun project (well as fun as it can be but the two of you should enjoy it!) that said, if i was buying at 850k id prefer the sandycove house (location only) to stradbrook road personally.
fliball123 wrote: » Anyone taking advice on property from here needs their head examined.
Woshy wrote: » It's from an article in The Journal https://www.thejournal.ie/impact-of-pandemic-on-house-prices-in-ireland-5384503-Mar2021/ It says one property went for 120K over asking and others are going over asking but for a lower amount. We signed contracts on our house a few days after we went into lockdown in March 2020 (we went sale agreed in February). Plenty of people (including some on this forum) told us things were very uncertain (which is fair enough) and house prices would drop with people out of work due to the pandemic and we should pull out and look again at another stage. I'm so grateful we didn't.
Graham wrote: » I'd want to confirm that €120k over average figure before setting the outrage-o-meter to full.
DataDude wrote: » Are you factoring in an extension as well as retrofit for €500k? I always had approx. €1750 - €2000 per sqm for a very high end retrofit from RENOVA or someone similar. A project actually kinda suits us to some degree, so that one might be runner. As only two of us currently we don't need the space currently and could borrow refurb money from family as we needed it. Just noticed there is probably room for a second house on the site (and it's mentioned in the description). Assume that means it'll blow through asking price if a developer can put a €600k house in a postage stamp to the side of it.
Cyrus wrote: » i think you would have a better product if you put 4-500k in the cheaper one for sure, but it would cost all of that and some people just dont want the hassle or are better able to borrow that money than have it available for a renovation out of their own pocket.
The_Conductor wrote: » We paid a smidgeon under 8 billion in interest last year (2020) and are projected to pay over 7 billion in each year over the next 4 years. 10% of our tax revenue- is going on servicing debt (assuming revenue of circa 80 billion). Rates may be low- but we're not in a good place if we are hemorrhaging this level of revenue purely on funding debt. By the way- we got off a 750m bond at -0.58% this week- notwithstanding this- we will be spending circa 22 billion more than our income in 2021. I know its Covid time and everything- but seriously, our finances are so far out of kilter that they're just not funny.
DataDude wrote: » https://www.myhome.ie/residential/brochure/5-stradbrook-road-blackrock-co-dublin/4490118https://www.myhome.ie/residential/brochure/greenbank-stradbrook-road-blackrock-co-dublin/4490119 Two identical sized houses, similar plots, same road, same estate agent, put up same day. Seems a remarkably high premium of €400k for the refurbed one, especially given the C3 BER? The cheaper one is also a better location I think. Am I missing something?
Hubertj wrote: » Was this now in relation to people bidding on property in Kerry - holiday homes etc? There was something in the examiner about people from overseas virtually viewing and bidding on homeshttps://www.irishexaminer.com/property/residential/arid-40246703.html
Graham wrote: » Supply has been curtailed, so has demand but anecdotally to a much lesser extent. No doubt that's going to put upward pressure on prices although I don't for a minute buy the average €120k increase. Buyers absolutely should keep that in mind when buying now and decide for themselves whether it works for their own financial/familial circumstance. If someone is paying €20K + in rent each year an/or have struggled to find secure rental accommodation then buying now may suit some regardless of any perceived short term risk.
JimmyVik wrote: » Looking in other threads on here there are people posting up for example that they are bidding on houses that they see on the PPR for €300k last year, now with asking of €350 and bids keep going up.
JimmyVik wrote: » Posted this in the wrong thread, so moving it here I heard on the radio this morning that houses are going for on average €120K over asking. This is a horrible situation for house buyers and is just taking advantage of the pandemic panic. I think whats happening is that people buying houses in the €350k price range would have expected to get a half decent house for that. But now people are bidding up in the fear that houses selling for €220k now will go to the €350k floor and they will have to settle for areas and houses that are total **** holes even above €300k. There is definitely something wrong with the market here, and estate agents and media stirring panic buying is the cause. It wont be too long at this rate before €350k only gets you a 2 bed duplex in Ballymun. People in Dublin will hit the CB ceiling so wont get anything better. Then you have houses being built all over the place by councils and bought by councils, and rented to councils. Squeezing the ftb and the trader upper out altogether, while costing the taxpayer a fortune. Its just a total sh1t show out there. If I was looking right now I would hold off for a few years tbh. Something big has to give , and soon.
JimmyVik wrote: » Of course, but even reading this thread, its a very, very bloated market at the moment. If, when the pandemic panic is over, hings go back to normal in a year or two, that panic premium will be gone and anyone who has bought in the meantime is going to see the value of their houses fall. Not a problem if they arent selling, but if it were me I would rather wait and see. It was one thing last year, but this year is a whole new level. Just ask anyone looking to buy at the moment.
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