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

And the key for me is that it is only going one way - support for FF and FG will just continue to plummet as more younger people reach voting age and older people die off. It would take a radical re-shaping of FF and FG to stem their decline to small parties. The status quo (or even more of what we have had the last 10 years) is going to decimate FF and FG. Housing is a massive contributor to this. I feel there's almost a refusal to accept that things could change in Ireland; that FF and/or FG would be in government in some form forever, so that our politics, society and economy would be approximately trending in the one direction, no matter if it's FF or FG in power.

But the voting demographic trends, largely reflecting home ownership versus renting demographics, indicate dramatic change is already building; remember there is a demographic that likes higher house prices and a demographic that wants the complete opposite. While we onboard the crash demographic into the system by enabling them to purchase their house and have a stake in society, this puts a new voter in the camp of those that want high house prices. This has been how things have worked the past few decades in Ireland, but the last 10 years has shifted this trend significantly which will have ramifications, significant ones, in our politics going forward. With housing costs soaring even further during the pandemic, this has brought the changes forward for me by quite a few years, to the point where I think if we had an election tomorrow we would see FF and FG almost wiped out. Emigration won't be there to save the establishment parties this time, given the pandemic has upended any trends in this area.

😘

Sensible replies only please.

I can't recall if it was this thread, or another, but somone posted a link claiming one-off house prices has risen about 21%, which would be something like 5.5 times as much as the national average as per CSO in May, so very stupid assumptions if real. Half a brain would tell you limiting supply of something a lot of people value highly will lead to prices rising.

Probably the mica affected homes thread if you get where I'm going

I'd hazard a guess they've been misclassified in to the "unoccupied" category. There's no reason that many would have been sold in that short a period of time. It has to be a data error of some kind

The Geodirectory figures are far, far, far less useful and valid than you think they are.

There's also plenty of people who decamped to their holiday homes - if they had proper internet that is - in March 2020 and are still there.

Anyway, what is the proposal to get holiday homes sold as normal residential houses? Punitive tax? Not going to go down well. SFs former leader was notable for having a holiday home in Donegal; its not just a posh voter problem.

There is a Starlink thread with users getting ±170 Mbps. I own what is probably one of the remotest properties in the country and even though you can not get a useful mobile signal, you could in theory get faster internet than my current 150 Mbps FTH.

Jaysus I knew we were bad but sixth highest in the world is desperate. The government has had an absolute bonanza the last 10 years with corporation tax n MNC wages. They knew it couldn't last forever but instead of using it to make us competitive they squandered it n made us even less so.

You need to revise your numbers! CSO put out a population update yesterday which the media have largely ignored, that says they've found an extra 250k people in Ireland. We're now at at least 5.2m.

And that's not counting all the illegals who go a whopper of an amnesty today with the Govt admitting they have no real idea of how many of them are here and there'll be no cap on the numbers processed through the amnesty. Family reunification to follow to swell the numbers further.

Supply cannot possibly keep up with the population growth. And all of the political parties are fully in favour on continued immigration with essentially no limits.

House and rent prices can only keep going in one way. Same for scarcity of supply.

No proposal, simply that if people are decamping to holiday homes does that leave an extra unit in what is probably a high demand area