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

I'm sorry, but I don't understand what you're asking me. Could you rephrase that?

Just saw this. Our situation is complicated but we did have some help from a parent with our deposit. It wasn’t a huge amount but it allowed us to buy ~1-2 years sooner. I know we’re fortunate and that not everybody has that.

Looks like food prices (on top of electricity, heating, fuel etc) are about to soar, nose bleed celtic tiger house prices here are unsustainable as west faces serious recession looming...

'The supply gap from the war could push global food and feed prices as much as 22% above their already elevated prices, the UN Food and Agriculture Organisation said late last week.

The European Union, for instance, sources 40-60% of its feed grain for animals from Ukraine. The US would be a potential supplier but the EU restricts genetically modified crops, making Brazil the only major alternative source, Vogel said. "(Gaurdian)

It really is a fantastic little country- let's hope the corporation tax lasts forever to enable this rubbish! Mcsean will be on to tell you u've been reading too much of the daily mail though!

China lockdown, oil prices through the roof, haulage business closing down with spiraling input costs but guess what our chief policy makers at the ECB say we have a supply chain issues that will be resolved by the end of 2022. These guys know exactly what's coming there only hiding the facts and reality from people and the markets as they don't want to cause more instability. The chickens always come home to roost.

Euro swap rates have gone on a little bit of a tear the past few days. 5 year EUR swap rate at 0.75% which hasn't been seen since 2014. Likely to have been a driver behind ICS' rate increase today (seems to mainly impact their lower LTV offerings).

20 year fixed rates still available at 2.5% to 2.75% with Avant. Could these be the new "tracker mortgages" in five years time at low interest rates?

The majority of people in social areas are good law abiding citizens. it is just the handful that destroy areas and the lives of good people. Unless we deal with these issues we will end up with all areas negatively impacted to various degrees as a result of the State wishing to "spread the issues" around.

True.

As I have said beofre here. I grew up in a council estate. 99% of the residents were the nicest people you would ever meet. One or 2 families destryed the place and turned it into a sh1thole. Leading to many of my friends picking up drug addictions and some of them dying or ending up in jail.

All could be traced back to 2 scumbag families in the whole estate. The rot just took the children of the goods people over a period of about 10 or 12 years. Since I left it has got even worse, but I live far away from there now. I meet some friends from my youth who still live there occasionally and the place is often in the news.

It would seem councils are abiding by the recent advice from the DOH not to purchase second hand homes

Mother and son face loss of home as council rejects landlord’s sale offer

There was a headline in the local freebie paper last month that there wasn't a single property available to rent in Drogheda the week before. Anymore anti landlord legislation and there'll be no rents left to freeze! I'm not a landlord but 5-10 years ago would have thought about getting one for my pension. I wouldn't touch one with a bargepole now!

That's fair enough. As discussed here most small LL are out of the game due to the legal complexity of being one, not being able to compete with the big boys and the profit they can make selling their property now.

Clearly a rent freeze is need as the price of anything is going through the roof and more people just caught in a the rent trap.

I would always of been in favor of getting rid of HAP and let everyone stand on their own two feet. The issue with doing this is the lefties in this country and in particular the media will spin this and no government official will be caught dead with that kind of head line. I think rent should be let find its own price point. It makes no sense to ask an already over burdened tax payer to pay more. We are surely at the point of diminishing returns with our taxes in this country. The next few years will bear this out when the sinners get in and think the tax payer is the magic money tree.

Those pesky workers, looking for higher wages, how dare they. While increasing values of properties is often described as "growth" in the market, when the wages of those who build the properties go up it is seen as "hampering" the market. Another example of how dysfunctional the whole thing is; wage increases being portrayed as a bad thing. It just shows how far the pendulum has swung to one side.

How though, not one politician would dare be seen to call this as the tail wagging the dog. I understand people been given a hand up when they need it, but we are actually allowing people who are not contributing anything in real tax terms call the shots.