Irish Property Market chat II - *read mod note post #1 before posting*

Ace2007 wrote: »

Cheap rent, is different from buying the house cheaply and under market value.

You seem to have no problem that two houses could be sold to two buyers - one an "affordable house candidate", and the other a private buyer - but at vastly different prices.

Your going to end up with a pubic market for houses - which who knows what sort of sh!t show that will end up in, and the private market - the market that will see how prices go up and up as more people will want this type of housing.

I can't think of one project that is publicly funded en mass that you would say has been a success. Dare i say what your proposing is basically what Ballymun was proposed to be when it was first built

No problem, and no.

Ace2007 wrote: »

Basically what you want the new site to achieve...



Well sought-after location, with interviews to get there - so not every tom dick and harry got in... and yet look how it turned out.

It will be the exact same if you build 100,000 houses on a green field site near airport and move all those in need of affordable housing out there or those who are homeless and need accommodation.

There are houses in Ballymun now - that young professional couples won't touch even though they are cheap - because of the out dated social stigma attached to them.

You have invented a hypothetical scenario of 100k houses in a green field site near the airport, with no specifics or details, and now are trying to use that against me as an argument? LOL

Well this hypothetical development would have the best amenities and transport links in the country and would be a utopia - I have as much right to say that as you do to say it will be Ballymun 2.0.


Besides, we were talking about the merits of mixed estates of private houses, affordable houses, social houses - your hypothetical 100k houses past the airport doesnt factor into this discussion.

Honestly you seem to leap from topic to topic like a child with ADHD.

Ace2007 wrote: »

Ok tell us all where you are going to build these en masses to solve the problems?

There are a number of suburban SDZ or masterplan zones awaiting a start in Dublin alone

http://www.clonburris.ie/

https://omahonypike.ie/projects/woodbrook/

https://www.dublincity.ie/residential/planning/strategic-planning/strategic-development-zones/poolbeg-west-sdz

https://www.fingal.ie/hansfield-strategic-development-zone (long started, but a vast amount of this left)

moving away from the worthy but dull topic of social housing, we turn now to Homes of The 1% on Killiney's Vico Road, featuring eye-searingly bat**** decor. Has to be seen to be believed! only €2.9m

https://www.daft.ie/for-sale/semi-detached-house-villa-belvedere-vico-road-dalkey-co-dublin/3268419

Amadan Dubh wrote: »

https://www.thejournal.ie/esri-borrowing-housing-5456342-Jun2021/



Wow, I didn't think the ESRI would say that the government could borrow a lot more in order to do something. Maybe the government will use the magic money tree that apparently doesn't exist but only when people talk of SF's housing policy. This report is lubricating the wheels of policy justification should they go down the McWilliams route of undertaking significant borrowing to get houses built.

Sweet Jesus, we can't be helped in this country! Government spending is causing rises in house prices at the moment and a government think tank proposes to spend even more! A week ago they wanted income tax rises.
New helicopters for any self respecting developer - why should bam be the only one to milk the taxpayer dry with the kids hospital!

woejus wrote: »

moving away from the worthy but dull topic of social housing, we turn now to Homes of The 1% on Killiney's Vico Road, featuring eye-searingly bat**** decor. Has to be seen to be believed! only €2.9m

https://www.daft.ie/for-sale/semi-detached-house-villa-belvedere-vico-road-dalkey-co-dublin/3268419

Is that a galley kitchen? In a gaff that size?!?

woejus wrote: »

moving away from the worthy but dull topic of social housing, we turn now to Homes of The 1% on Killiney's Vico Road, featuring eye-searingly bat**** decor. Has to be seen to be believed! only €2.9m

https://www.daft.ie/for-sale/semi-detached-house-villa-belvedere-vico-road-dalkey-co-dublin/3268419

It's like someone downsized from a country estate to Vico road and brought every last one of the pictures and heirlooms with them!

woejus wrote: »

moving away from the worthy but dull topic of social housing, we turn now to Homes of The 1% on Killiney's Vico Road, featuring eye-searingly bat**** decor. Has to be seen to be believed! only €2.9m

https://www.daft.ie/for-sale/semi-detached-house-villa-belvedere-vico-road-dalkey-co-dublin/3268419

How do people share beds that aren't at least super kings?! It is like nails on a blackboard to see such an extravagant house with such meagre double beds! I'm a humble renter but even we don't sleep in a mere double bed and always go bigger when we've moved in to a place.

Is this a bit of a bubble price? 115m2 Shankill terrace for 615K . Kitchen/Dining/Sitting room sure looks depressing.

https://www.daft.ie/for-sale/end-of-terrace-house-66-olcovar-shankill-dublin-18/3265453

bubblypop wrote: »

Crazy!
Lots of better options, for example, there's a 3 bed semi across the road in castlefarm estate for 485K, better estate, nicer house

Of course, there are better options - there always are. And if there is one across the road in better spot then either that will be prop up on price with bidding, or the 4bed will come down. Although, the appearance outside of the 4bed isn't very appealing, I think inside is nice which coupled with the location might be why they are asking for that price.

Do EA's in Ireland ever say no to a property is the seller asks for too much, or will they always just take it and if doesn't sell say that to the seller that they told them so etc?

I recently saw that one of the nicest houses I've ever seen for sale go for ~25% below asking price,and got me wondering how was it priced up in the first place. Would love to know how much it cost to build

It's still up on myhome with pics, location might not suit everyone but there is very little else wrong with the house imo (on market for 1.9m, sold for 1.475m

https://www.myhome.ie/residential/brochure/16-the-oakwood-killeen-castle-dunsany-co-meath/4443036

Bass Reeves wrote: »

Problem is the truth hurts unfortunately it is still the truth. Often you have to be blunt and condescending for people to understand your point.

No you don't. It means you either don't understand what you talking about or cant articulate well.

Amadan Dubh wrote: »

I find it is the complete opposite in fact; if you can't articulate to lay people then you are spoofing, waffling and displaying ignorance. It's all well and good having the knowledge but if you can't apply it then it has no real use to other people.

Separately, I noticed Vesta Living are advertising on Instagram for their available rentals. Not sure if that can be read into but perhaps a sign of a lack of demand.

The girl in the picture looks like she is being held against her will!

The offers to save 4,200 a year if you start a lease are likely a way of making up for reduced demand.
INstead of dropping rent prices, you give an upfront discount, but the headline rent remains the same. I think it gets around RPZ rules, but also crucially it keeps the property valuations from dropping along with rental demand.