Softening house market?

you are the one still dragging it on

have you found a job yet to distract you?

No I do not expect couple in there thirties to share rooms. However if occupancies rates have changed over 40years it impacts supply. It impacts it worse if the population is exponential increasing

But people comparing supply and it availability 30+years ago with now are not comparing like for like.

When you add reduced occupancies allow for people renting longer( all through college and longer single Iives) then of course it going to need a much larger supply of rental property. Somebody have to supply it. Maybe the good Fairy can wave her magic wand

Ive been in the Mandalay Bay and the MGM grand. Both fantastic hotels. What are your own thoughts on this one? How will it effect the housing market in Ireland? Or how will it even effect Blanch.

God forbid people want higher living standards than the economic backwater the was Ireland 30+ years ago

That's extremely interesting, it may very well be under pressure.

Back in 2019, CRH offloaded a poor enough preforming European distribution company to them for 1.9 billion and Blackstone gladly swept it up. If CRH couldn't squeeze anymore productivity out of it then I'd say Blackstone could have got burned badly by that deal.

Be no loss seeing a few institutional landlords get a rude awakening and if one falls then the spotlight will be on all the others balance sheets.

Dwic we have managed to automate many processes, especially in the area of technology. The amount of automation in building is relatively small compared to elsewhere in industry it exists but it has taken more the risk and manual labour out of certain areas of it.

On you example of air travel an air hostess in the 70's probably earned 20-30% more than a tradesperson and did 50% of the hours they do now. An airline pilot was a demi god back then. But I am not going to digress in there.

Most specific provided student accommodation will have a high percentage of ensuites. Even where rooms ate not in specific student accomodation it is mostly two rooms to a bathroom in exceptional cases three rooms

Regarding the guff about en-suites, I refer to my comment about how certain posters in this forum only know a handful of people under 35, and those they know are wasteful rich kids with iPhone 14s and 222 Golfs and don’t understand how the other 99% of people under 35 live.

But that increase in living standard costs, somebody somewhere is or has paid for it.

You seem to think that those in the construction sector should return to the virtual indentured slavery that was there lot until the noughties.

We have shifted resources away from the basic of food and shelter and transfered them to lifestyle choices.

The biggest factor in housing is supply. Because of restricted supply we have the issue we are trying to deal with. However the resources required are in more demand and there is less of them

That is in either Labour, skills or materials.

It's amazing how we're in December now yet months ago on here people were predicting the economy would be in a ball by now. Hasn't happened.

Yes some small businesses may close in January but its not near as grim as predicted

You are gone off on another tangent completely again Donald but I will explain to you

It would be moot which would be more profitable. The student apartments would take longer to get planning and cost multiples to design. As well the builder would have to complete the structure either through bank or other finance and will see no profit until the complete structure is finished. The ten houses semi D's

Could be stage build and sold even if not it would be a relatively easy process to finance and build with less regulations to be adhered to. It actually shows you lack of understanding of of the building sector. Pre COVID I remember reading an article of somewhat similar issues in Commuter towns in Cork, one served by a rail connection the LA had a density requirements that needed about 50,% apartments in site, builder were not building on the sites as there was not that demand for that density. They could sell semiD's and townhouses but there was very little demand for apartments

On my grandparents both them and my greatGP, farmed and made a living off a farm, actually they were extremely well off ( for there time)as there was an Orchard and they sold a lot of eating apples( before the advent of Grannysmiths and Pink Ladies). However agriculture efficiency now means the same farm was is not cable of sustaining less than the minimum wage.

Productivity changed the living to be got from it. Considering that they had a good standard of living for there era now there is no sustainable income from it.

From the 60- now cheap energy drove living standards. Only in the 90/00's did discretionary income spending balloon. Now because resources are more expensive and availability being curtailed it discretionary spending is coming under threat.

Basically what that means is that building cost more due to a multiple of factors