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

Why shouldn't they? I don't agree with the renting out the room part but surely if someone wants to buy a house and that happens to be a 3 bed etc, that is their choice regardless of if there is to be a family in there or not? A home (with however many bedrooms) shouldn't have to be bough by a couple with the intent of raising a family. Why the hell would that matter?

But thats utter nonsense. I’ll inherit more money they any professional could earn in 5 lifetimes. Literally because my great grandad had a farm which got passed down and then zoned for housing (I’m not joking).

I mean I could claim my ‘organic continuous family unit’ led to my great success and wealth to which I was an integral part. Or I could acknowledge that I contributed as much as any Joe Soap on the street and my inheritance is a pure freak accident of birth.

Ultimately evolution wants to give successful genes a head start so inheritance is actually quite a natural process.

(runs out of the room ducking) 🤣

There's a strong element of luck if you're inheriting that much.

That doesn't make it 'random' though. You had forebears that managed to become landowners (that part may not have been easy, I don't know) and managed to pass on their genes. Result: you.

It wasn't a serious comment!

‘’Many people see generational wealth as 'well deserved' because they view families as an organic continuous unit, rather than people randomly linked by birth. So that family has earned money through sweat and hard work over two generations.’’

These people you’re talking about would be wrong then as they believe there are two generations doing ‘hard work’ but the second generation doesn’t haven’t to work hard or sweat at all to receive the wealth. That’s the point.

This is a big part of the problem, people claim that intergenerational wealth is an issue and completely overlook this scandal.

These homes should be state assets released to the affordable rental market generating income for the state that could be reinvested in building more. This way they are a help to multiple families rather than a gift to 1 family in a lottery.

Taxpayer funded/subsidised projects should not be a gift to 1 person/family. From my experience, in the past desirable council houses had a habit of going to persons engaged in political canvassing

He should resign.

Great work again on the ditch

Do we have to pay his gold plated pension if he resigns? Our td's have all angles well covered for themselves.

How a TD can get a write off of debt on a 200k mortgage when they have annual income of at least half the loan

This was not his ppr and should have been repossessed if he was unwilling to fulfill his contractual obligations.

Like so many, not fit for office

I don't see how the number of family members should be a factor in a normal functional market. Using your rationale, a family with 5 kids should be able to afford a 5 bedroom house as well, but it doesn't work like that at all.

that's only ironic if you think "ah yes these two completely different things are the same"

I doubt there's a single person in Ireland who opposes people being made homeless that would also object to this guy being hammered

Am I understanding the above correctly- that there's been a drop in the amount of mortgage drawdowns?

I'm slightly confused by the wording of the tweet