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

Overblown?? come on -

no redundancies when the economy is falling apart.

pay rises no matter how good, bad or ugly you are at your job.

The tax payers pockets and over 200Billion of loans to continue pay rise after increment after pay rise.

Pensions that us mere mortals in the private sector cannot afford.

Paid over 20% more on average than those of us working in the private sector.

All negotiations entered into on wage increases have gov on one side unions on the the other and the pay rises being discussed have a direct impact on all of their take home pay as in the more of an increase the more both sides get. Not to mention inflation only gets mentioned when it suits the narrative of how much more they should all be getting paid and not a whisper of pay cuts when inflation has been a lot less then their pay rises.

I think you mean overpaid not overblown :)

single adults get pokey 1beds. Families all get houses/ large apts.

much easier to house singles. Waiting list is far shorter.

If you go back 10-15 years ago on here you'll find threads of people pleading for corporate landlords to come in to the market. Poor service, poor maintenance and no fault evictions for weak or fake reasons being the reasons given to prefer them over single unit owners.

I'm not sure what people expected to happen when they did come in!

I really dont understand why anyone is surprised at all.

Ive seen this video and several others like it, posted every now and again for the last decade or so. There were more even older ones basically saying the same thing going back to when rent controls started in Ireland. There used to be great examples around the world of what rent controls did. But now Ireland is the poster child for this folly.

But thats the nature of the beast. If a workforce is on x relative to Y then when Y goes up X is going to go up too. Otherwise its a salary cut.

One of the implications of the visit of the troika was an end to mom and pop landlords and a move to a more European model of long term rentals with security of tenure etc, we chose the Irish version which was big US capital incentivised by tax breaks and rock bottom prices with the end result of monopoly and scarcity . In exchange we have got massively increased tech/pharma investment and a rapidly increasing tax take in a sort of quid pro quo , you cant have your bread and eat it .

Pensioners are actually blamed. It comes up every now and again. People will blame anybody but themselves.

The best thing we can do for housing supply, both rental and sale, in Ireland would be to ban turkeys from voting.

We spend over 10 billion a year on education

To train a teacher, nurse guard requires 20 years of education

Approx 60k sit the leaving every year

10billion/60k students = 165,000 per year * 20 years = 3,300,000 to train someone to post grad level. Every graduate we lose because of unaffordable accomodation is throwing away over 3,000,000 of spending.

To allow a situation occur where such a person needs to emigrate to source affordable accomodation is criminal in my opinion

Figures from 2020

If I've made a mistake in my calculations, please, somebody correct me

The issue here is public sector wages are going up at near inflation levels yet when their wage increases were way more than inflation for 6/7 years before 2020/21 they had no pay cuts. The questions is why should they be getting a pay rise in the first place over and above agreed increments as I said its not like we are going to see any greater efficiencies, they are already paid 20% more than those in the private sector and of course it all has a knock on to their pensions that will have to be paid and this at a time where the government are floating upping PRSI to cover pensions/ All private sector companies have not got the bank of TAX PAYER and over 200billion in borrowing to give a pay rise on the contrary businesses are hitting the wall at a higher frequency from 2/3 years ago as the current costs to do business in this country cannot be carried by a very high % of businesses and the bank over draught has gotten a hell of a lot more expensive over the last 12 months and will be going higher and higher for the duration of 2023 so 2023/24 will see a lot of companies hitting the wall.