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

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Comments

  • Registered Users, Registered Users 2 Posts: 5,854 ✭✭✭BlueSkyDreams


    We dont have a choice as to whether or not teachers come into work. If they dont come in then the children dont get taught.

    Im not sure rural ireland would want all the Dublin teachers living in their backyards and spending every day commuting to a school in the city, renting and buying up cheaper housing while they are at it, which removes housing stock for locals in rural ireland.

    prices wont fall without a real & significant increase in new builds, as supply is just far too weak vs demand and that wont change for years, particularly in the Dublin area.

    So we do need to do something in the shorter term to manage the accommodation issue, especially for key workers on low to mid salaries.

    As per my last post, we may leave the salary weighting option alone but instead provide targeted affordable and shared equity homes for key workers.

    The govt could really help in that regard by injecting cash into delivery of these units and reserving the majority of them for key workers.



  • Registered Users, Registered Users 2 Posts: 5,036 ✭✭✭Villa05


    Current housing policy is about enriching/protecting the already wealthy, There is no room here for providing accomodation for key workers (Which can be done in a revenue positive manner for the taxpayer)

    These Fine Gael pushed schemes wil cost us all.

    The most expensive social housing ever will mean less of it for the growing population that need it

    Driving up prices will hurt those that need to finance their own through buying or renting

    The contracts are inflation linked so the state is trapped for 25 years as the cycle begins it's upturn.

    Homeowners will have to pay higher taxes to fund the madness, this on top of the massive national debt




  • Registered Users, Registered Users 2 Posts: 1,487 ✭✭✭herbalplants


    Absolutely... That fellow was a chancer... He didn't pay his rent for 8 months... Then he said he kept it an account for the landlord... He probably thought he landed in the land of opportunities with free rent. Landlord shouldn't have losted like he did but perhaps he was riddled with mortgage debt on behalf of a "surgeon"... What surgeon acts like that!!

    Remember the shills only get paid when you react to them.



  • Registered Users, Registered Users 2 Posts: 275 ✭✭Galwayhurl


    I'm astounded at how little stock is coming on stream.

    Usually it has started accelerating by now after the usual winter lull. But there are feck all lisitngs still and we're almost in May. Doesn't make sense.



  • Registered Users, Registered Users 2 Posts: 1,487 ✭✭✭herbalplants



    Big percentage of notices for both renovations or selling were deemed invalid.

    Perhaps this is why not much is coming on the market. We are in froze mode.

    Remember the shills only get paid when you react to them.



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  • Registered Users, Registered Users 2 Posts: 414 ✭✭ingo1984


    Mind boggling stuff. Assuming a rental cost of 2k per month that the council will pay (it's probably more than that) over the course of the 25 year lease, the council will pay more in rent than it would cost to buy all the apartments outright. Also at the end of the lease they won't have an asset in owning the apartments. I wonder who in the council is getting the backhander from the investment company.



  • Registered Users, Registered Users 2 Posts: 3,619 ✭✭✭Timing belt


    So they should be allowed jump the housing list? Is that what you are proposing…make them no1 priority even if partner holds a top paying job or a millionaire. They are far from the only cohort that is impacted by the housing crisis.



  • Registered Users, Registered Users 2 Posts: 1,487 ✭✭✭herbalplants


    Other companies used the same formula on redundancies. Not sure why they thought they were special and should get better package


    Remember the shills only get paid when you react to them.



  • Posts: 14,768 ✭✭✭✭ [Deleted User]


    Deemed invalid by Threshold, not by the RTB. Threshold are not known for their impartiality, nor is their advice beyond question. Remember, their advice in some cases to tenants has reported to be, overhold, how is that deemed?



  • Registered Users, Registered Users 2 Posts: 5,036 ✭✭✭Villa05


    The children's hospital is regularly cited by a poster here as a huge overspend. The way things are going and spending is, it may prove to be the best value for money spending by FG.



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  • Posts: 14,768 ✭✭✭✭ [Deleted User]


    Whether it proves value for money in the long term is irrelevant to the fact that it is one BILLION euro over budget.



  • Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,322 Mod ✭✭✭✭AlmightyCushion


    I think it is more short term thinking instead of a back hander. Council has a limited budget. If they buy out right they might be only able to buy x amount. By leasing, they can get 15 or 20 times that amount. Sure, in 25 years they are back to square one but that will be someone else's problem. The government should block them from doing it as it is a terrible waste of money.



  • Registered Users, Registered Users 2 Posts: 491 ✭✭SwimClub


    This is the point, in principle if a landlord gives notice for any of the valid reasons it is impossible to determine if that is invalid in advance, for example for their own or family use, they move in later....renovations, are done later...selling, is done later. The property owner has a right to make their own decisions on timing of all of those things, to put the burden of proof on them in advance as default is just wrong or might be setting an impossible hurdle. It is their property, the burden of proof should be on any challenge to them exercising their property rights. The stuff around typos and sending to RTB on the same day etc. is even worse.



  • Registered Users, Registered Users 2 Posts: 5,854 ✭✭✭BlueSkyDreams


    I would say key workers should be prioristied for social housing, yes.

    Over and above people that dont work for a living or are on the prioritised list just because they are a single parent etc.

    All people need to be housed, but priority of social govt funded housing should go to those providing social services to the rest of us.

    Tis only fair.



  • Registered Users, Registered Users 2 Posts: 7,625 ✭✭✭fliball123


    Neither should be prioritized IMO the gov should build a sh1t load of these modular houses around the country and put all of our welfare renters and Refugees in them and the properties they are in should be put on to the market which would seriously increase supply in a very short time frame if the political will was there to do it. The public service workers are already paid a 20% premium you can look this up on the CSO website, they should be getting no more on that ground and public sector workers outside the big cities should see a pay decrease and with the savings all workers get a reduction in paying income tax that is fair for all tax payers not just the ones you cherry pick.



  • Registered Users, Registered Users 2 Posts: 19,463 ✭✭✭✭rob316


    A pay cut for PS workers outside of the big cities 😂



  • Registered Users, Registered Users 2 Posts: 5,854 ✭✭✭BlueSkyDreams


    So a public sector teacher gets 20% more than a private teacher?

    If thats not your comparison then it isnt like for like and is irrelevant.

    The public sector workers outside of Dublin should all get a pay cut, but they should also get an income tax decrease?

    And everyone else in the land also gets an income tax decrease?

    How does that balance the govts books?



  • Registered Users, Registered Users 2 Posts: 7,625 ✭✭✭fliball123


    Nope on average public sector (ye know the ones you are cherry picking) pay is 20% more than those of us working in the private sector (ye know the sector that pays the bills)

    So those public sector workers working in Dublin/big cities will see a rise in take home wage due to the cut in income tax those working outside Dublin/big cities will see no difference in their take home pay. We are running a huge budget surplus at the moment due to our overly high and way to progressive income tax regime and corpo tax with the rest of the cash build modular homes to get cheaper and quicker housing supply on stream and transfer those on welfare and who are refugees in to these and put all other housing that these 2 groups would of been in on the market where the county councils will not be buying as their need will be quelled via the modular homes and REITS should not be allowed purchase anymore housing in the country.



  • Registered Users, Registered Users 2 Posts: 7,625 ✭✭✭fliball123


    Its a better suggestion than paying PS workers more who work in big cities - more money more inflation and more spending power to push prices in big cities up even further, thanks but no thanks



  • Registered Users, Registered Users 2 Posts: 75,224 ✭✭✭✭L1011


    People have already been told to stop going on about public sector salaries.



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  • Registered Users, Registered Users 2 Posts: 172 ✭✭Beigepaint


    Some really crazy and bizarre posts...

    One poster saying there's no such thing as an essential worker.

    ie. A firefighter/paramedic/nurse/doctor/minister/taoiseach adds the same value to society as a teenager who pulls pints on Saturdays.

    Another poster saying that it is acceptable for a landlord to move towards a tenant with a running circular saw as he was at the end of his tether. Presumably the same poster believes its ok for a husband to beat his wife if he's at the end of his tether. (It's not, in either case, by the way. One is illegal and the other is illegal.)



  • Registered Users, Registered Users 2 Posts: 5,036 ✭✭✭Villa05


    There only essential in a pandemic it would appear

    When the pandemic is gone, they can get lost

    Rational thinking for some is compromised when one becomes a property owner I suspect



  • Registered Users, Registered Users 2 Posts: 491 ✭✭SwimClub


    I didn't read anyone writing that it was 'OK' or 'acceptable' to attack anyone with a circular saw. Noting that someone is at the end of their tether is not the same as saying anything anyone does when at the end of their tether is OK. Might be a bit too nuanced for some but patently obvious to most.



  • Registered Users, Registered Users 2 Posts: 1,839 ✭✭✭mcsean2163


    Dr Raheel further stated that he then engaged a solicitor, who advised him not to pay the rent at that moment without looking at the situation further. Dr Raheel says he paid the rent for the month of April to a different account after having email contact with the landlord’s family, and that he has arrangements in place to pay the rest of the money and to find somewhere new to live as soon as possible. 

    I am very cynical as to the intentions and story put forward by the surgeon. His friend talks of the need to rotate so I estimate it likely he will be moving to another hospital soon and I would see it likely that he paid no rent. His story doesn't add up with the interaction we see between him and Tomas. I could be wrong but it seems remarkable he couldn't find time to pay rent from August and hired a solicitor to advise him on whether he should pay rather than just paying.

    Obviously, this does not justify the circular saw action however, I think the law needs to be updated.

    A friend spent 2 years trying to get a non paying tenant out of his PPR while abroad. The tenant bought a new car while paying no rent. Where else can anyone steal €48,000, walk away and face no charges because it's a civil matter?



  • Registered Users, Registered Users 2 Posts: 3,619 ✭✭✭Timing belt


    And what about low paid workers in the private sector? A lot of these were classified as key workers during Covid. How do you define key worker? Nearly every job is needed to keep the economy going and could be classified as a key worker.

    As for ‘tis only fair’ I don’t buy it…you are saying houses are prioritised to what you classify as a key worker over everyone else. If priority is given and more housing built for key workers it’s at an expense to someone else…it could be a home that a hardworking FTB could have bought.



  • Registered Users, Registered Users 2 Posts: 172 ✭✭Beigepaint


    What about them?

    The goverment must incentivise nursing teaching etc to a sufficient level or else people will go be a nurse or teacher in Dubai or Australia.

    If the government creates conditions to incentivise PS workers to leave the country and the services deteriorate and voters don't bring it up as a issue that will influence their vote then whats the problem? If the vote is not influenced then there is no problem.

    As for low paid workers in the private sector - they can lobby for higher pay, withdraw their labour, upskill, or accept their lot. Also not a problem.

    A lot of posters are hung up on the morality of what's right or fair. Irrelevant. There are only incentives and disincentives.



  • Registered Users, Registered Users 2 Posts: 5,854 ✭✭✭BlueSkyDreams


    A key worker is someone in the public sector providing essential services within the Health, Education or Infrastructure segments.

    Teachers, Nurses, Transport Workers etc.

    It isnt my definition, key worker is an established term.

    There are a limited amount of homes and yes, some of those homes need to be prioritised for key workers, even if its at the expense of someone else.

    Otherwise, only the highest earners gobble up all the houses.

    I particularly disagree with the constant allocation of social housing to people earning no or low incomes. The govt should priortise key workers providing essential services, regardless of their salaries.

    That doesnt mean we forget about everyone else, we should of course try to accommodate everyone. But in a world of limited stock and high demand, we have to prioritise someone, so whom would you choose, out of interest?



  • Registered Users, Registered Users 2 Posts: 5,854 ✭✭✭BlueSkyDreams


    Sone good social cleansing ideals in play there :)

    None of which will ever happen, obviously.

    Imagine the objections to endless amounts of modular estates for refugees and the unemployed, lol.

    The REITS ensure a lot of property developments are built in the first place.

    Dont assume that if the REITS didnt invest that the housing development would still get built. In many cases, they would not.

    I am not saying REITs are the greatest thing in the world, not at all.

    But there is a place for them and they do contribute towards the delivery of housing. We would be seeing less housing completions each year without them and house prices would be even higher, rents also.



  • Registered Users, Registered Users 2 Posts: 2,955 ✭✭✭Nermal


    I could survive a long, long time without the services of the Departments of Health and Education.

    The people who ensure there's a ready supply of food in my nearest Tesco are substantially more 'key' to my ongoing existence.

    'Key worker' is a nonsense term.



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  • Registered Users, Registered Users 2 Posts: 5,854 ✭✭✭BlueSkyDreams


    Food workers, supply and sales, are key workers.



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