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

Jim Power (economist) normally highly critical of SF policy was full of praise for Eoin o Broin in his latest podcast

This was following the work Jim did on a private landlords survey

"He took copious notes, asked pertinent questions, stayed from start to finish unlike other politicians and was incredibly constructive.

I would not nesecerally agree with all of his points but he was incredibly constructive"

Jim also mentioned that he was hopeful after the meeting.

That's a pretty positive assesment in anyone's book especially from a person highly critical of SF up to now.

It's interesting what can happen when our bias is flushed out

He did say he agreed with alot of what Eoin said.

That may be the case but it doesn’t explain how SF policy is going to work when there are holes you could drive a bus through and when asked about it in a debate that was pre planned and which there was plenty of time to prepare for was unable to explain. All that the plan will achieve is to make it harder for FTB’s because resources will be be pulled to build social housing.

There is something very odd happening in the hotel industry in Ireland. In the last few weeks, rooms have increased in price substantially. I don't know the reason for it but it is shocking to see how expensive hotel rooms are in the country. And I am really only talking about in the last month where they have exploded. Is it possible the government are in some way taking up a lot of hotel rooms for refugees which is creating a supply issue for the non-refugee market meaning that hotels are able to charge a premium now there is a hotel room supply shortage? Effectively, that the commandeering of hotel rooms for refugees is a form of bailout for the industry? I just don't know what has caused prices to go to ridiculous levels in the last few weeks other than from some whale activity in the market.

Just maybe it has something to do with the fact the auto industry shut down during covid, a chip shortage and messed up supply lines…the same reason second hand cars were the driving force (besides energy) in the inflation data before the War.

Yeah I recently got told a similar story by a family member looking to plan a driving holiday in Northern Spain. 1k for 4 day rental of a fiat punto. Its not an Irish problem.

it is only a temporary issue…. new cars are increasing been delivered and the supply of hire cars will increase.

in the coming months the no of new cars on the road will jump and make newspaper headlines….it’s not a sign of how well the economy is because most were ordered last summer/autumn.

One would think that they are priced so as to discourage business.

I'd imagine that this practice will be remembered, and will affect business into the future. Some of The home nations voting against Ireland for hosting the rugby World Cup being an example. I'd imagine that this price gouging hasn't gone unnoticed in board rooms of multinationals.

It's interesting to see that politicians are affected with one FF politician reporting they had to sleep in their car for 2 nights