Hubertj wrote: So low paid workers shouldn’t be paid more if they have cheaper housing?.
Villa05 wrote: » Every increase in the minimum wage has been negated multiple times over by rental increases. If you want to help low paid workers, sort out housing. Pointless giving anyone an increase if housing takes more than the increase in salary
Hubertj wrote: » Yes, pricing people with a living wage is part of the problem. Idiotic. Sad view of the world.
Hubertj wrote: Yes, pricing people with a living wage is part of the problem. Idiotic. Sad view of the world.
Villa05 wrote: » I'm sure it crossed their minds that a move to the living wage would pore petrol on the flames of rising rent prices therefore the wage rises would be a further boost to the profits of REITs and really do nothing for low paid workers Further proof that government are a major part of the problem with more welfare for the wealthy programs If they wanted to help the low paid, (or any worker or employer) sorting the housing shortage would be where you would start
combat14 wrote: on another note it looks like the government is turning into santy claus according to this article - massive wage rises on the cards for low earners (if businesses reopen after covid)
L1011 wrote: » The NZ Labour Party are centre-right by European standards. Social democratic and definitively not left wing.
cnocbui wrote: » In contrast to most Irish people, I see the planning system here as a major problem and impediment.
RichardAnd wrote: » Given the persuasions of the powers that be over there
RichardAnd wrote: » From what I understand, New Zealand currently has extremely high house prices, at least in cities. What is driving this, I wonder? Given the persuasions of the powers that be over there, I would wager that the state is buying a lot of property for social-housing, but that is merely a guess.
RichardAnd wrote: » I would love to see a breakdown of the demographics of just who is buying property in the state. I.e., X% FTBs, Y% foreign investors, Z% state-bought. I doubt that such data is in the public domain, but it would be very interesting to see.
Reins wrote: » Australia and Singapore are exempt because of free trade deals.
PropQueries wrote: » Depends if one believes the Housing Minister is a trustworthy source. Back in July 2020, the Housing Minister said: “The Airbnb properties that are now not being used – is there an opportunity for the state to buy more of them? It’s something that I’m looking at, absolutely. It is something that I want to do frankly”. Timelines seem to match up IMO Link to article here: https://www.thejournal.ie/darragh-o-brien-housing-minister-5146915-Jul2020/
RichardAnd wrote: » I think they allow Chinese investment.
c.p.w.g.w wrote: » How are house prices calculated... I was just doing a bit of window shopping and have seen a few houses all in the same area, and the prices vary wildly... Can understand square footage and bedrooms etc, but it seems interior design isn't taken into account or even how future proofed the property is...
JimmyVik wrote: I remember when he said that and thinking to myself at the time that a powerful entity goes and does their best to make people sell their property, so that they can go and buy the whole lot. Theres a conflict of interest there.
Graham wrote: » Where does the article suggest
L1011 wrote: » EU countries can have such restrictions. It may be restricted to the older members who have slightly more rights - but we are one of those.Denmark's is probably the best known. I don't know if this would really have any affect though.
Locals only' planning rule illegal and discriminatory, says EU
However, if the purchaser is an EU citizen or an EU company, they may purchase real property if certain specific conditions are fulfilled, eg the real property must serve as an all-year round residence for the purchaser
The AirBnB properties didn’t re-enter the market because the state either bought or rented many of them
mcsean2163 wrote: » Any source for that assertion? Genuinely interested as can't find anything in the news. I though airbnb would convert into extra stock but we haven't seen it at all so as you say, maybe the government have been adding it to HAP?
Reins wrote: » New Zealand also has banned most foreign investors to non residents property
PropQueries wrote: » The AirBnB properties didn’t re-enter the market because the state either bought or rented many of them. Basically Dublin City may be just one big corporation estate in a few years. Another reason for people to start embracing WFH outside the capital IMO
SmokyMo wrote: » Same thing that happens when interest goes up on our current debt. Thats not here or there, and doesnt apply to my point. You can get money now, credit price is at all time low. Can restructure current debt. Can issue bonds at negative rates. Whatever. Inflation is coming down like freight train. Use it. Pour this money into, from infrastructure projects to housing to health to education. This country will reap benefits long term. This has to be underpinned by reforms in those sectors. As we all know civil 'servants' like to suck government budget tit while doing sweet f'all, waiting for those pension top ups. Councils paying those prices for properties getting back handers so that has to be rectified.
