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

went to view a property…good apartment but in shambles..was rented out and the owner owns 2-3 properties up north and this one in south..

no white goods in kitchen and unfurnished..an open boiler with pipes visible in one of the bedroom..soiled carpet ! Possibly tenants left it in a mess so they got rid of everything.

Agent said owner wants out from all his property in this boom before things go south..very honest lady 😅😅 !

The apartment will get sold purely because many renters are on notice and will have to buy something ! Thats your demand right there which is outpacing supply

Housing almost certainly a factor here; teachers leaving Dublin due to high cost of living. Who can realistically replace these teachers without housing costs dropping materially?

This is just a sensational state of affairs.

Good to see a response to rising costs, now if we could do the same for the costs of land, margin, white collar grab, competent regulation, professional fees selling costs etc.

We need not wait for direct labour (the most value add component of costs) to take action. Materials have fallen sharply since that survey was taken, labour will follow suit when the recession kicks in.

The survey is contradictory to the results of one of our builders last week who said that rising costs were offset by changing work practices and they even increased there margin.

Again looks like action when we feel like it to reduce costs. Look at the other far more damaging costs and we will se progress

In the UK their is extra pay for civil servants living in London. I've never heard a mention of it here for Dublin, even with the new pay talks at the minute I haven't heard the unions pushing it.

It seems a no brainer to me that any extra is to be spent on a Dublin allowance - e.g say 20% extra for those living there n 10% extra for those commuting in

Really on top of the other pay rises you do know the rest of us have to pick up that tab, thanks but no thanks the public sector employees are running the same race and jumping the same hurdles when it comes to "living somewhere" as those of us in the private sector with their bonus of their guaranteed pensions, pay increments and job security giving them a very healthy head start, so if they want to live in Dublin that is a personal choice and as a tax payer I think it would be very wrong for us to cover their choice by paying them another 20%.

From my POV, friends who are middle class cant afford children. most are in their mid 30s. Friends who would be considered 'working' class, have 2 - 3 kids from different partners and paying 40e per month for a corpo 3 bed. Ireland system is designed to encourage this behavior. I feel sorry for front line staff, nurses, firemen, teachers.. I see education being next big crises.

We need 40k permits because we have low skill labor shortage.

What if small builders purchased them and turned them around quickly? Silver bullet?

Inflationary, adds to the problem for most

There should be zero payrises going on in the public sector until we are out of covid, the cost of living crisis, inflation and when we are through the soon to come recession. No point paying you lot the rate of inflation if a lot of it has been driven up by a war, covid and supply chain issues when inflation drops and the war is over and prices drop the general public will be left paying bloated PS salaries again not to mention the knock on effect for pensions (which at its current levels are already a ticking timebomb waiting to go off for the tax payer) and all the while Leo and Mehole are toying with the idea of upping PRSI or increasing the age for people in the private sector to work till 68. There are going to be a tonne of job losses in the private sector in the next 2/3 years and you boyos want pay rises this money has to be borrowed currently and the interest rates are only going one way and if you want to live in Dublin that is your choice no one should be asked to pay you more to do so. Its a phucking joke one of your brethren on another thread stating Ulster bank are getting an 8% payrise so the public sector should be getting this on top of inflation too and then not adding in the fact that there will be zero jobs in Ulster bank in Ireland after they have pulled out of the country so whats 8% of zero? Please keep the PS crap separate to this discussion there is a separate thread for it and it will turn it into a sh1tshow. There are actually some good commentary with regards to property.

Drop the public sector pay talk - not the forum for it

Separately (referring to different posts by different people) - you are all here long enough to have read the warnings in Post 1.