Cyrus wrote: » There are a number of posters in the thread advocating protests etc, i dont think i have seen anyone put forward what they think the property market should look like.
PropQueries wrote: » I think the proposed affordable housing bill answered that question. €225k in Co. Tipperary and €450k in the Dublin City (i.e. Cabra). What accounts for the €225k difference per standard three-bed semi between Dublin and Tipperary? Quality of build? construction salaries? Materials? Land? It can’t be land as there’s plenty of that all around the city centre and plenty inside the M50. There is absolutely no reason why developers can’t build for near Co. Tipperary prices in Cabra IMO And let’s put this €450k ‘affordable’ price in perspective. That’s c. €100k more than Cairn Homes average selling price per unit last year.
yagan wrote: » A home buyer should not have to compete against their own government and the rent farming funds. It's not about a new vision, it's about expelling parasitic practices that erode social stability. Successive governments have treated housing as a casino and not as essential habitat.
Amadan Dubh wrote: » Paul Gallagher AG and landlord will opine how unlikely to be constitutional any effective measures would be. I would put money on it that the advice he is due to give on restricting funds' ownership of housing will lean in favour of the side which argues against these measures.https://www.irishlegal.com/article/attorney-general-did-not-submit-written-statement-on-ownership-of-rental-properties
Cyrus wrote: » what is your solution? why are the government buying houses? to house its citizens. Its all well and good railing about whats happening but what is the solution.
Hubertj wrote: » Newstalk breakfast had a law lecturer from TCD on this morning (Rachel Walsh). She suggested there could possibly be constitutional issues around restricting certain people / entities from property and that’s is why they may look to address it through tax measure la in short term. But her opinion was that it would not be unconstitutional although there was a possibility. Worth a listen to get an objective view.
Shelga wrote: » Why can't local bodies build their own housing, like they used to? How is paying €600k over 25 years to have nothing at the end of it good for any of us?
yagan wrote: » The government outbid its own voters which in return creates another one for the affordable housing list! The solution is to stop pumping up prices so less people need social housing, and stopping rent farming funds from buying up completed stock also improves affordability. A revolution is not needed, but more an enema of a Landlord mindset from Irish politics that games housing for its asset returns rather than its essential function as a home! Why is this so hard for people to understand? If people lose the belief of ownership in their own country then you beget revolution.
Cyrus wrote: » There wont be any revolution. The argument for years was that we dont have enough institutional landlords and there is no option to rent long term, thats what these funds will provide but now we dont want that either. So i am asking what do you want?
Amadan Dubh wrote: » She has an opinion piece in the IT today on the matter, presumably she was discussing the same views!https://www.irishtimes.com/opinion/no-legal-reason-government-can-t-limit-sale-of-new-homes-1.4557567
The solution is to stop pumping up prices so less people need social housing, and stopping rent farming funds from buying up completed stock also improves affordability.
Amadan Dubh wrote: » I thought it was clear from the post; The government has created a market of social housing/rental assistance tenants for private investors - it is a total housing bubble which has spilled into the main housing market. They have done this and continue to do it by competing with individuals in the private market, elbowing them out, which pushes up prices thereby making the private market unaffordable which means people can no longer afford their own home and need to be looked after by the government. Institutionals may have their place in a functioning housing market but definitely do not in a dysfunctional housing market which is what we have. What's more, there is spillover into the whole market as a result of this ridiculous state of affairs which means that we are in a bubble again. Celtic Tiger house prices are not that far off what we have now; maybe I am missing something but the Celtic Tiger house prices were artificial and based on cheap money in the system which is exactly what we have now. To deny there is a bubble is to deny there was a bubble in Celtic Tiger times!
Cyrus wrote: » Ok great, so they stop buying existing properties and stop allowing institutions buying property. Where are the people who require social housing put? the solution given is for the council to start building again (something they havent done in anger in decades) so we want them to build huge social housing estates somewhere around dublin? Itll take forever, itll be expensive and the housing list will grow. Thats the solution?
Cyrus wrote: » i agree, they should be building council houses but that all stopped 20/25 years ago. The lease model is not one i see any sense in. But have the local councils shown any ability to build affordable housing? But remember if they go and build a load of council houses people will say they are ghettoising areas and all the rest of it.
Galwayhurl wrote: » At what point do the government stop taking on leases for social housing? When people see others get a social house by way of council 25 year lease, they too will want to join the queue. Therefore the list has no end. It continues ad infinitum. Ergo, the competition first time buyers and private renters face will only increase as time goes on. Are the thousands of people on the housing lists all really in need of housing? Whatever happened to paying ones way?
PropQueries wrote: » I don’t think those arguments hold up anymore. Sisk Living built 90 houses for South Dublin county council back in 2018 for c. €180k each. The ghettoising of areas argument no longer holds up either given that the councils are bulk leasing entire apartment blocks such as Herbert Hill in Dundrum. Link to Sisk Living Tallaght scheme here: https://www.johnsiskandson.com/news/sisk-living-delivers-90-social-houses-in-tallaght-development-is-one-of-largest-schemes-delivered-this-year-1
schmittel wrote: » The solution is to concentrate on allocating our housing resources efficiently. As long as we have sky high levels of mortgage default, vacancies, underoccupancy etc it is clear that we are wasting resources. The market is clogged up and the aim should be to increase turnover of existing stock to reduce these inefficiencies. We could start by repossessing, filling vacancies and disincentivising underoccupancy.
Shelga wrote: » Why can't local bodies build their own housing, like they used to?
Cyrus wrote: » i agree, but wait for the outrage if we ever start repossessing in anger, people wont want that either.
schmittel wrote: » That's the problem. The government are afraid of the outrage. But there is outrage now so what is the difference? It's just outrage from different quarters but so what?
