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

and how much more debt will we have added in that time? What it suggests is that there will come a point in time in the next decade when 5Billion+ will be snapped up on our annual spend for interest and god knows what that rate will be if 2% is predicted in the next 3 - 5 years it could be double that meaning 10 billion out of our spend is gone on servicing the debt. If I was in government I would be looking at ways to stop borrowing and reducing the debt so when rollover time comes that 5 to 10 billion is a lot less. Other wise things welfare , ps pensions , OAP and capital expenditure will have take a hit.

The local paper headlines with there isn't a single property to rent in Drogheda last week. A local auctioneer had 5 tenancies ending that week and only 1 of the landlords wanted new tenants. Time for some more populist anti landlord legislation to get rid of the stubborn few!

https://mobile.twitter.com/droghedaleader/status/1491051262892441601?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

He was incredibly unimpressive given it was a debate he would have had ample time to prepare for, the only silver lining for him is that the demographic he targets most likely wont have seen it.

I don't give a toss whether Sin Fein fix things or not, I'm planning to emigrate. I'm just going to use my vote to stir the pot and stick it to the incumbents and the other mob - and that goes 100 times for the dipsh​it greens.

He has the right to vote for as long as he is still resident here - whether you will be around to live with the consequences is irrelevant.

Otherwise where do you draw the line? Should old people likely to die not be allowed vote? Should younger people's votes be weighed more highly than the elderly based on life expectancy? etc etc

Anyways its irrelevant to the property market at large - what is relevant is that SF may shake up the market somewhat, which is more than can be said for the past 10 years of FG/FF. The housing crisis was first identified what, 5 years ago? And in that time they have made things progressively worse. At least SF are an unknown

Ah, the old communists under the bed.

So what? The real government are the public sector, who will soon 'yes minister' them into line. As I said, the pot needs stirring for the long term good, even if that means short term pain, so be it.

Current national debt is €150,000 per income tax payer. The current clowns have announced €8 Billion in house rennovation grants and public sector pay increases and unbelievably stupid plans for grid scale solar energy generation - which is not commercially viable and can only exist on generous tax payer funded subsidies. All on the back of the Covid debt overhang.

I'ts like looking out to sea and seeing a 40m high tidal wave approaching, that spans the horizon. I only hope I can get to high ground in time, before it breaks.

I am an Irish citizen, though I do have dual nationality. My mother was pretty much born in Jameson's distillery, in Smithfield.

a shoebox in clontarf is still a shoebox

in the context of the market you could look at it and go, "i can kind of see how they justify that price", but if you take a step back you realise the whole market is bonkers. Half a million euro for something not much bigger than a studio apartment.

And its not a belfast sink!

The hack of her smiling and shimmying between the mirror and the end of that double bed 😂😂.

Foreign investment in Irish property has a beneficial aspect. The post 2008 crash showed how risky and ruinous property investment can be. Off-loading some of that risk onto "wealthy foreigners" sounds OK in some respects. Don't blame the foreigners, who have after all financed a lot of construction. Maybe you can blame politicians who seem fatally attracted to over-generous tax-breaks as a policy instrument.

As for Sinn Fein, if they turn out to be a classical left-wing high-tax party, then they will have to introduce the mother of all tax breaks if investment in Ireland is not to be scared off. Be careful what you wish for.