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

It is not possible to do this. To reduce it you would need no private housing at all. Even if this were the case external factors (those outside of Ireland) will still impact on build costs even if the State,were building.

If that were the case someone still has to pay for the imported raw materials. If there is no private ownership the tax payer has to cover any increase in raw material cost for public housing.

It is different this time compared to 2008 because then the boom was credit fuelled. This time it is not.

Thank you. Even if pressure was put on prices I suspect prices will not fall below what people can afford/want and as such people may need to adjust what they want to reflect what they can afford.

I personally think we are in for some very tough economic times over the next 5 to 10 yrs which will impact on all the players in the property market.

serious recession on the way all everyone can talk about is never ending price rises, war in ukraine and stagnant wages.. give it 6 months something is going to give... energy prices will go through the roof and the knock on effects will be real .. effect on houses will take a bit longer to be felt however..

100k according to the Irish Times:

Realistically, with numbers like that, the only option would be camps. However, I have little doubt that the wheels are already in motion for certain groups to profit from these people.

The question isn't whether we take them in or not.

The question is where they will stay.

Continuing the governmental habit of population planning ineptitude, as previoously evidenced by hoping that the market would just magically take care of the population increase they wished for, there similarly seems to be no practical plans beyond wishful thinking that the current population will open their homes to them moment.

As RichardAnd proposed, temporary tent cities à la Mória are well and good during the summer months here, but this conflict looks to drag on for years if Russia's other engagements are to go by.

Should be some sort of compulsory leasing order. People living alone in 3 bed houses or families that usually make money taking in students should be forced to shelter these refugees.

These aren't third world refugees, Ukraine was a developed well functioning state. A lot of these refugees could contribute significantly to the economy and fill the labour gap in some areas like construction.

They'll stay in existing under used houses of volunteers. Mother and 2 children in each house needs average 32k volunteers.

You get the feeling they'll have won their country back and rebuilt it while we'll be still talking about it.

English is widely thought in schools and they do computer programming from national school. These people could be a great asset to the country, but as already pointed out there will be a cohort attempting to exploit the situation

Very handy to be able to magic up some accommodation just like that, impressive stuff altogether. Almost makes me wonder if maybe there isn't really a housing crisis after all and it is entirely artificial. No, wait, it is artificial; manufactured supply shortage and demand inflation combined with billions of taxpayer cash to pump into the market by the State. Although, I would expect these Ukranians to just stay temporarily in the vast majority of cases until the war is over.

My concern is that at the rate these crises are draining our borrowed cash as a country we won't have any ability to borrow the billions upon billions needed to (1) get thousands of homes built per year; (2) ensure we transition to a more sustainable economy; and (3) invest in our infrastructure. Our COVID borrowing to date is just the tip of the iceberg for what we need to do post-covid to build up pur economy. Anyone who says we won't be borrowing to invest in these areas is, quite simply, trying to protect their own golden goose and not to be trusted at all as it is a con to say we can't and shouldn't borrow billions to invest in housing and infrastructure.

What a ridiculous idea.

how about those who never work start sharing with other spongers? And use the vacant homes then?

The endless borrowing and big government got the EU into this fragile situation in first place. How can sanctions on a country with a gdp of the Netherlands cause do much mayhem. The Euro will be history by the time this decade runs out. Western Europe will need a living standard downward adjustment towards the level of current day China.

most tradies will emigrate, AUD so insanely strong. Any salary inflation in Ireland will just be eaten up by 52% tax rate from here

This is getting into very dangerous territory. If this were to come to be, it would reduce the right to private property, and give the precedence that the state could use in future. There is a very good why the Third Amendment to the US constitution forbade the quartering of soldiers in private homes...

That's the way we are headed anyway, even before the war. The World Economic Forum have already been throwing the idea around. And it seems some countries are taking it on board. The effects of the wave of investment funds just happen to have the same end, conveniently.

At least the Byzantines went down with a fight. We’re practically opening the door for the Ottomans whilst telling where we’ve stashed the gold.

givenbthat this will likely destroy the EUR and EU do you really think the net payers will go straight to such a model again?

”Big government” and the rampant inflation will be the same stain on the Democratic party what the Iraq war was to the pre-Trump GOP. AOC and “the squad” are basically already off the radar. No one cares anymore what these goons have to say. Biden is smart enough to try to steer this around.