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

If the churn was due to people downsizing yes it may lead to property being used more efficiently. But as you pointed out there is hardly any properties available to downsize to.

the costs associated with buying and selling are irrelevant in churn of existing property owners at they will be both buyers and sellers at the same time.

If you want people to downsize to free up existing property you need smaller units built in established areas not in some new location miles away.

No surprise as the FF and FG government are interested in maintaining the status quo or at the very least do not want to see a big increase in supply if it would force down rents and house prices. What is surprising is how we are now two years into this political cycle and only three left but the government has made no progress at all on the single biggest issue from the last election - things have gotten much worse.

Also published today is the unwaivering support gathered via opinion polls for SF. I'm not pro-any political party but I understand people not voting FF and FG. However, I'm not looking forward at all to SF in government and do think we are heading there. In the absence of the bubble popping in the next three years I think SF getting into government is what will be the biggest impact on our housing market, even more so than wfh and corporate tax reform which restructs the number of immigrants working for big companies here in Ireland.

As well most smaller two bed would be town houses. These would have a single living and dining/ kitchen room. If you transferred into one of these you would have no room downstairs capable of being used as a bedroom. Other than that it is an apartment. Then you have the decision that many of these tend to have a large portion of them as rental properties.

Very few people will downsize from a four bedroom to a three bedroom. The quality of a lot of these two bedroom houses is questionable as well. Most will only have one bathroom upstairs as well. That means an older infirm person may need to climb those stairs 4-6 times a day.

Rory Hearne writing in the Examiner yesterday, analysing the report on the Housing For All progress so far. In short, it has been a complete failure one year on and there are extremely mixed messages from the government around institutionals and how big a part they are actually playing.

It is now getting to the stage where companies will not be able to bring in people (if these figures decrease even more) as there will simply be nowhere for them to stay. As some other posters on this thread have stated the only option will probably be that those employers engage directly with REITs and block book several units.

It's a complete failure if one believes that the intention of that scheme was to give average, younger citizens a fair chance to own a home. If, however, one were cynical, one could postulate that it was yet one more step towards what seems to be the goal of the state. Namely, turning citizens from property owners into life-long wealth generating units. If the latter is true, then I think it's mendacious to claim that it was a failure at all...

My two cents, but I'm cynical.

I've long believed that the real goal of the government is to bail out all those people who massively overpaid for housing back in the 2000s. People locked into life-long renting being "accepted" collateral damage rather than a primary goal.

All those places bar Texas in parts, are extremely expensive.

In Singapore, housing is almost exclusively state managed. Japan is not a low tax country, and in the cities is extremely expensive.

Switzerland is incredibly expensive also

People really need to look at Northern Ireland and how Sinn Fein has promised and not delivered on areas such as housing before drinking in the lies that they all spin not just the Shinners. What needs to be done is a huge amount of properties built and people who can no longer pay their mortgage should have their property repossessed. FTB and all other supports for people buying today should be taken away. Level the playing field. We should also stop all vultures and REITS buying and limit landlords to x amount of properties maybe 1 or 2. What rules do you think the shinners will bring in that will make any difference, they cant magic the properties needed out of thin air and I have yet to hear a clear and concise strategy on how they will deal with the housing crisis

...i hope they mentioned the financialisation of our property markets, effectively handing this critical need over to the fire sectors, and the rest is history?????