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

Timing belt wrote:

You blame government for everything and SF will fix it all...yet governments in nearly every developed country in the western world is experiencing similar issues that they are struggling to fix.

I have explained on numerous occasions with numerous reasons why gov are predominantly at fault. You might explain which reasons you disagree with

I don't agree that SF will fix it all, quiet the contrary. The day of Reckoning will come before they have a chance of doing any thing

Timing belt wrote:

As for your post on pensions in other EU countries being better funded it might be worth while remembering that they are the ones buying all the Irish property and if a bubble does exist as you claim and it goes pop so does the pensions...just something to consider

I have considered it that's why I suggested building our own and charge affordable rent that generates a small profit for the state rather than having our children being pension monkeys for other states and wasting billions on housing payments

Start with student accomodation. Having free college fees and then allowing private funds to milk more out of the students/parents because the fees are low/free

It akin to a farmer tendering to their crops and then allow a stranger come in and take the harvest and sell it tax free

It can't be just me that considers our housing policies to be incredibly dumb


Hadnt realised the Dutch system had gone a bit pear shaped, but reassuring to see the response appears to be supply, supply, supply in the most densely populated European country

tigger123 wrote:

The article is behind a paywall. But is it basically saying that the introduction of the 10 percent stamp duty isn't doing what it's supposed to? IE, discourage foreign investment in Irish property?

It's worse than that, it's saying that investment funds that lease back to the state will be exempt from the stamp duty changes. In the incident that sparked the change the state was the underbidder. You couldn't make this stuff up for a Monty phyton movie

Fair play to Killian Woods, he's doing the state some service

Dav010 wrote: »

There is nothing new about people having to migrate/emigrate in search of work/housing.

There has to be something new about the brightest young people in the country are the ones putting their name down on the social housing list!
Go to college, get a stressful job and save your deposit is for suckers in this country! Hopefully enough suckers stick around to pay for the foreva homes!

Dav010 wrote: »

There is nothing new about people having to migrate/emigrate in search of work/housing.

You're right, there is nothing new in it. But generally it was done during times of recession and hardship.

The pre covid economy was in great shape, thanks mainly to FG. But what they forgot to address is housing.

The social contract is broken, and it will be remedied one way or another.

tigger123 wrote:

The pre covid economy was in great shape, thanks mainly to FG. But what they forgot to address is housing.

The state of the economy pre covid was down to the Irish people, very little to do with FG. The one positive was the wild Atlantic way which was really delivered through Bord Failte

Villa05 wrote: »

The state of the economy pre covid was down to the Irish people, very little to do with FG. The one positive was the wild Atlantic way which was really delivered through Bord Failte

This is a truly truly ridiculous statement. You Seriously need to cop on.

Elessar wrote: »

This is absolutely f*cking INFURIATING :mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

The very f*cking reason this was introduced was to stop bulk buying where they would then be leased to the council or housing bodies for social housing. Now they've done a 180 on it. Taoiseach lied through his teeth. Entire estates will now continue to be bought by REITs for a nice guaranteed long term payday.

Investment funds must be flocking to this country to suck the property market dry with these government guaranteed returns.

Who will challenge this in the Dail? Nobody I bet because muh 'social housing'.

Meanwhile people who get up and work everyday to try and afford a house are pushed off the cliff, and the governments response was complete show for the media.

As a 30-something I am seriously considering emigrating. The housing crisis and the pandemic response have shown that government don't give two f*cks about me.

Me, my ex and our two adult children all want to emigrate and get out of this country because it so badly run.

Villa05 wrote: »

The state of the economy pre covid was down to the Irish people, very little to do with FG. The one positive was the wild Atlantic way which was really delivered through Bord Failte

And here was me thinking it was due to the craven government giving into EU bullying and following a plan dictated to them so as to avoid financial loses in Germany and the UK, by getting the Irish population to underwrite the borrowings of crooked banks, property developers and speculators.

Mario Draghi saying “We’ll do whatever it takes” did more than FG ever did.

It also helped at the time having one of the most efficient tax haven structures on earth.

We went from Nama wanting to bulldoze gafs is 2011 to 4000 kids in hotels missing key development indicators

Bey0nd wrote: »

Saw this house come up on daft - https://www.daft.ie/for-sale/semi-detached-house-5-waverly-view-greystones-co-wicklow/3191552

Nice house and lovely area by all accounts, but I can see this sold as a new build for €500k less than 2 years ago. Is a €135k increase in less than 2 years really where we're at now?

If it was sold as a new build 2 years ago the PPR record will be ex-Vat.

wowy wrote: »

If it was sold as a new build 2 years ago the PPR record will be ex-Vat.

I know.

It sold for €500k once you include VAT.