EddieN75 wrote: » The plan is to massively increase immigration to massively grow the economy in the hope that more people will mean more tax collected. They have forgotten that more people also means more people needing services!
combat14 wrote: » looks like regular fine gael tds starting to wake up and smell the coffee for the next election if they dont sort housing out .. and fast...... interesting to see comments about traditional fine gael voters now liking sinn fein housing comments being flagged as a deep concern by the party varadker not so much... he still loves the investment vulture firms .. ‘They are gunning for him’: Housing Minister criticised at Fine Gael meeting as Leo Varadkar defends investment funds some ff tds now touting limits of one house purcahse per person .. if that comes in could see mass exodus considered by some investment firms here as govt intervention becomes a step too far..?https://m.independent.ie/irish-news/politics/they-are-gunning-for-himhousing-minister-criticised-at-fine-gael-meeting-as-leo-varadkar-defends-investment-funds-40391705.html
coolshannagh28 wrote: » This article explains in depth how Govt policy on housing for at least 10 years has been aimed at routing small landlords from the market and encouraging US institutional investors in using tax breaks .https://www.thejournal.ie/readme/ireland-investment-housing-5428746-may2121/ Fg introduced this strategy under advisement from the Troika but FF are going to use it to create pressure .
Jinglejangle69 wrote: » How does attracting foreign investors into the country to rent houses and apartments out increase the banks profits like he's suggesting? Surely that has the opposite affect as less people are taking out mortgages. Two banks have recently left Ireland as its not profitable enough. His article doesn't add up. It's a leftie having a rant at the government. Simple.
The easy eviction of tenants is an attractive feature of Irish property investment, as it means they can get in higher-paying tenants, or cash in their investment through a sale if needed.
Jinglejangle69 wrote: » It's a leftie having a rant
Government to block investment funds from buying up housing estates Move has been agreed between three Coalition parties, sources say The Government will move to block investment funds from buying up entire housing estates, according to senior figures involved in the process. Discussions are continuing within Government as to how best to implement the policy, but senior Coalition sources confirmed that the move had been agreed between the parties. The decision comes after fierce Opposition criticism of the Government on the housing issue, following reports that entire developments of family homes had been bought by investment funds, a trend that Opposition parties and housing campaigners said was squeezing families out of the housing market.
Private tenants need a right to buy New solutions needed as money available to property investors is bound to swamp supply It is not only happening in the Republic. A friend from Portadown reports that houses in the Co Armagh town have started selling to cash buyers from England, sight unseen, within hours of being advertised online. Unlike recent stories from Dublin, there is no sign that these buyers are agents for overseas funds or individuals. They appear to be small-time landlords from their own part of the UK or just ordinary people with some cash to invest, browsing property websites. For the moment, this is causing more incredulity than anger in Portadown. That will change once everyone realises they can no longer buy a place to live. International and corporate investors could be regulated, taxed or prevented from snapping up whole developments, as Minister for Housing Darragh O’Brien is suggesting. Non-resident foreigners could be banned from buying existing homes, as New Zealand did in 2018. That would simply clear the way for domestic landlords to re-enter the market – many have been priced out in Ireland by corporate funds, just as they previously priced out owner-occupiers.
[Deleted User] wrote: » I'm not sure if your links are mixed up, but I can't see any issue with that at all. They had a massive site, so now they're probably living in a free house, by virtue of selling the other one. I'd do the same.
DataDude wrote: » Both stunning houses - always thought Howth/Sutton were close enough to south side prices but have seen a few prime properties of late that make me thing otherwise. That one in Sutton being a good example. Also thought this looked like a relative "bargain" if you think what it would go for in Dalkey. https://www.myhome.ie/residential/brochure/16-asgard-park-howth-county-dublin/4466867
Amadan Dubh wrote: I'm surprised how the outrage at the fund buying housing estates has grown so quickly and seems to be turning into real action. Now, if only the shared equity scheme could similarly be scrapped. Considering the extreme but effective measures that can be brought in for Covid, there is no reason not to treat the housing crisis as an emergency requiring similarly extreme and necessary measures, but of course we shall see.
Ursabear wrote: » It seems like s tenuous plan ( as I'm sure you are also thinking), as a few have pointed out if MNCs ever decrease their presence here in those 25 years ( what will tech even be like then,) we may not be able to attract so many ppl to Ireland, especially with a high cost of living and low performing services.
enricoh wrote: The multinationals are getting it tough to convince foreign staff to relocate to dublin as apartments rents are so high. The government are keeping rents high by leasing apartments en masse for top dollar for social housing. Sure sod it if the mnc workers won't come over we'll just hand them out to asylum seekers after 4 months. A recipe for future prosperity!
MacronvFrugals wrote: » Fianna Fáil really starting to panic if this IT article is anything to go byhttps://www.irishtimes.com/news/ireland/irish-news/fianna-f%C3%A1il-is-drowning-in-shadows-of-fine-gael-housing-policy-party-told-1.4556407?mode=amp
EddieN75 wrote: » The plan is to massively increase immigration to massively grow the economy in the hope that more people will mean more tax collected.
tommyombomb wrote: » God as a potential first time buyer in 12 months time, i am getting excited by the prospect of something finally happening. Annoyed with government big time saying something needs to be done. They are the gov ffs. Need to sort their **** out or else we will have SF driving the bus fairly soon
yagan wrote: » Forgive as it adds nothing to the discussion but this morning I woke up feeling very relieved that there is outrage. Under the last Fianna Fail led government I was pissing in the wind warning family, friends and colleagues about the property bubble, but at least now they're all outraged by Fianna Fail's latest housing disaster. It's weird but I find it strangely comforting. Maybe this time Fianna Fail will be dispatched entirely at the polls as even their most conservative secure home owning voter must be wondering if some vulture fund will buy the house for sale next door and move in problem tenants.
Idbatterim wrote: » Sorry to disappoint, but nothing will happen. Prices wont drop there is a huge extra reduction in homes now, due to covid. Nothing short of an economic crash , will reduce them in my opinion. Because government doesn't want a crash, but it does want rip off prices.. Bear in mind sf, are also the largest objectors at local authority level, to new housing... any new paths take on housing here,will be years in the making and years more to see the results, good or bad...
Deleted User wrote: » Also, completely unrelated, but if you get a mortgage over the line, i presume you set up a direct debit to pay it. Can you set the direct debit up, so that the money comes from a savings account? or does it have to be a current account? (I keep very little in my current account and even with bills or personal loans i find it annoying to have to transfer from my savings account the day before, to pay a bill, even though i have a savings account earmarked for that specific bill).
combat14 wrote: » FF are going to be cremated in the next electionhttps://vm.tiktok.com/ZMeqYTpwQ/
EddieN75 wrote: » I watched the oireachtas TV clip of the debate and questions yesterday. The leader of the social democrats asked MM repeatedly when he would be taking action regarding the funds. Over and over he dodged the question or talked around it but she kept asking. Never got a straight answer out of him. He is a phony. Same as varadkar, Donnelly, Harris , Alan Kelly, Mary Lou etc They are all full of ****e. Former FG voter. Never voting again. Hate them all equally
tigger123 wrote: » I'm not saying for one second that SF will solve it btw, but the next election will be a question to a certain cohort of the electorate; stick or twist.
Wanderer78 wrote: » i think both parties are toast at the next ge tbh. you re not the first former fg voter ive come across, its clearly obvious that these parties ideologies are starting to collapse
rightmove wrote: » On the vulture fund stuff. Alot of ppl on here said what was going to happen when rent controls came in and rtb was brought in as a kangaaroo court and it impossible to get non paying tenants out. Alot of clueless renters talking about how the renting game was a business and smallies needed to get out so it would be done "properly". As a renter and LL at the time I could see the writing on the wall. Esp paying 50% tax with the funds paying frig all. Now the funds have started to take over......be careful what you ask for
Amadan Dubh wrote: » I'm a former FG voter as well (or, technically still one I suppose) and I won't be voting for them (and I've never voted FF) even though I am in the so-called top earner bracket. The biggest issues were obviously housing and their facilitating of US style hyper capitalism/rampant globalisation as if it is necessarily a good thing despite its unsustainability and also the false promises about looking after workers, those people "who get up in the morning", failing to deliver on abolishing the austerity era USC, which should be done away with, and the failure to implement the changes by raising the level at which the top tax kicks in.
EddieN75 wrote: » I admit that I fell hook line and sinker for varadkars talk about rewarding those who get up early on the morning. Then the past year I worked throughout the pandemic going into shops all over the country to fix food production and storage machines . Ovens, freezers etc , risking my health, trying to save money to buy some sort of house and now I hear of funds buying everything I got up early every morning Leo, worked in high risk areas throughout the pandemic and paid my taxes. I hate them all
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