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

As I said people will agree or disagree with the policies. I am not defending them or saying that it is the best use of resources... I am just pointing out that they did use opportunity of negative rates to try and address the housing issue.

I just hope that if there is a recession in the coming months that the government step in and build in order to retain the building workforce so that they are available to build from the minute any recession ends so that we don't end up in a situation where they all retrain for other work like after the '08 crash which has been one of the biggest contributing factors to the shortage of supply we have seen over the past 6/7 years.

A comment I find thrown out by the saddest people in general.

Its usually projection.

How do you know how much craic I am on a night out?

KBC consumer sentiment report down by a good but this month due to Inflationary costs spurred on by the Ukraine invasion.

Worth nothing too house sales in America fell 2% last month even with increased supply citing rising borrowing costs and rising house prices

i think we should organise a night out, we can all bring our respected flip charts, and decide at the end of the night whos craic is better!

They government set the rules of the game - they never lose.

If they change the rates, they'll change it so that they get the same if not more tax revenue, so expect either an even higher rate as the max rate of tax, or the 30% rate to kick in between existing low and high rates.

I do think we should have far more steps on the tax scale, and highest rate should kick in far higher than what it is now, but we are not exactly awash with cash right now, so dont expect much relief. A token gesture I expect

I agree. It will give a boost to some people entering their prime earning years. Their money will go to asset owners and the general squeeze will continue. Another slice of people will feel they owe FF/FG.

Varadker mentioned recently that those offering housing for refugees should not expect payment from the state for doing so.

Is there any way we can find out what the private sector is charging for housing refugees. It would be refreshing if the state suddenly displayed though business negotiation skills to ensure hotels et Al were not milking a crisis situation

It would also be beneficial for the populace to know who is doing what in relation to accomodation it would also be beneficial for hotels good will to identify those that are genuinely offering value and helping

to see the craic make sure you wear loose jeans for the bending over part :) good luck with lads

Good analysis, but I would not rule out the bubble in the tech sector especially in Dublin City center. I have included a link below with shows the largest decrease in online sales purchases since they started recording it in 2009. This would alarm me, as most online sales and e commerce is based on consumer spending in particular discretionary spending. E commerce, data driven advertising, data analytics online payments all based around online sales marketing and advertising. If the cost of living keeps rising al these city center tech companies could be in for a downturn. Couple this with the already inflated Nasdaq which will turn red as interest rise due to tech growth being purely driven by low interest rates. This may affect your theory on the rents in Dublin city center not reducing.

Anyway this is just me speculating but I do feel the wages and the inflated share prices around Tech is much like the dot com era and as I said a lot of these companies growth is based on E commerce marketing and advertising.

https://uk.finance.yahoo.com/news/retailers-suffer-poor-march-online-123757647.html

A decrease is relative though - its expected that online shopping volumes would decrease from the peak during pandemic (brick & mortar shops all closed)

We have a supply shortage in this country, so short of something suddenly causing demand to drop away (mass layoffs) prices will not "correct"

And if you believe that ....

Sounds like what Leo promised many years ago. Im waiting Leo ....

Even recycling his own lies now.

Actually we have already locked in prices with the builders so it's not that. I do expect them to come cap in hand in a few weeks asking for an increase though.

The 6% - 7.7% increase were figures suggested by the agents, NAMA have since replied they want 10% increases from the November 2021 prices. They should get it too, the demand is incredible.

I'm never getting a gaff at this rate.

It looks like the private student accommodation providers, those providers who built unaffordable luxury student accommodation that is sitting empty, have found a way to be bailed out before the crash by hopping on the refugee gravy train. It's a disgrace and another example of the housing market being a con with the government putting a floor under the whole thing with the free money it thinks it has access to.