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

So when the B&Bs, hotels, tents and volunteer homes fill up it looks like we are in need of immediate legislation change regarding vacant properties.

Not just wishy washy waffle can kicking down the road business as usual by our elected representitives.

They don't have a good track record of this.

They want to be seen to play their part in this crisis, but haven proven themselves hopeless at any meaningful solutions regarding housing strategy over the last decade plus.

I believe their accommodation solutions to such a significant sudden population influx will continue apace in much the same fashion.

I fear for the welfare of these arrivals under the watch of the incumbent circus.

gas and oil prices going through the roof, stock markets not taking it very well ... serious world recession on the cards the way things are going..

whether this dampens irish demand for houses given we are to take in 100,000+ refugees (mostly women and children for now) remains to be seen.....

So obvious it barely worth pointing out but a UK report from a couple months ago suggests their shared equity scheme pushed up prices and went straight to developers, despite this and warnings from the central bank/ ESRI its still going ahead!

...yes, asset price inflation, particularly in relation to property and land prices, is a fundamental element of modern political and economic ideologies, this is whats meant by financialisation of economies, and the main advocators of such are the fire sectors.....

Which was obvious from the start. That scheme was designed to inflate prices, as was any similar scheme here.

As I've said before, the people at the top are not incompetent. They know precisely what they're doing, and they're rather candid about it if one reads between the lines. Not once, that I can recall, has any state official said that lowering house prices was an ambition. Instead, it's all about "affordability" and "helping people". What does that mean? More free money.

I shudder to think what price steel will reach with the latest gas prices! Team Transitory inflation will have few players left on the pitch. Will property assets be a good place to sit out the stagflationary period ahead of us?

Great to see Hibernia imploding. Hopefully we see plenty of other commercial landlords suffer big time as (1) it serves them right for entering a ridiculously crowded market the last few years and (2) it will encourage more cash into residential property investment.

Interesting to see i-Res go down so much; it is now lower than it was in October 2017. Is that telling us what's coming?

This certain situation with high Inflation and squeezed middle (working poor) feels a lot like Fiancial Regression model. The IMF done a nice research paper on it back in 2011 and revised it again in 2015. If anyone has the time they should read it because it is nearly identical to what is happening now. Governments keeping interest rates low while borrowing loads of money to run there programs all the while high inflation runs rampant eating away as the normal joes wages, where he has negative interest rates eating away at his savings.

https://www.imf.org/en/Publications/WP/Issues/2016/12/31/The-Liquidation-of-Government-Debt-42610 (Liquidation of Government Debt)

If you read the small introduction note the Option IV and V, sound familiar to present day

Nearly all new steel globally is produced using iron oxide and coking coal not gas. That been said, Iron Ore prices have been on the rise, which combined with increases in coal prices and increased shipping cost will result in price rises.

between electicity, deisel/petrol, oil/gas most homes in the country must be down at a bare minimum €1200 per annum net wages or a minimum conservative estimate of €100 every month up in smoke.. i'm sure it is even higher a loss for many families with even more pain to come later in the year.. and this doesnt factor in at all general rise in prices on food and everything before the war in ukraine (which may only be starting) kicked off.... the GREENS plan even more taxes for us starting in May .. and we still have to as a state pay for covid borrowings and ukraine refugee crisis...

families/ workers in ireland and internationally are only digesting these price changes and in many cases havent factored them into their budget... this will change in coming months as the fear index rises as global stock markets tank..

we are facing a very serious global recession .. buying over priced nose bleed celtic tiger priced houses will be the least of peoples concerns as many people struggle to grapple with incredible price rises and stagflation..

with covid restrictions lifting it will be interesting to see if young irish workers stay to pay the blood gouging rent being charged here or will emigration return..

of course there is such a shortage of houses and now another 100,000+ bodies are on the way - overall its still hard to see house prices fall as much as they badly need to for the sake of our economy, society and future political stability of the country...

I'd say it's more the tax policies and the governments lack of empathy. There is plenty of scope to limit rises.

we may go back to zoom calls again at this rate to ease pressure on fuel prices and housing in dublin

2,500 offers for housing already for Ukraine. Wonder what the garda vetting time is now. Never underestimate the states ability to mess this up

You want to run background checks on children and women?

They gravitate towards places where they might know someone who can help... relatives, friends, friends of friends etc..