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

There should be more plans like this for the city centre. A lot of ugly derelict buildings.

Sherry Fitzgerald is acknowledging what we all know : The stock of second-hand homes available on the market has reached a historic low, according to estate agents Sherry FitzGerald.

Quite low even comparing with previous summer months.

I was just after listening to David mcwilliams podcast and then this _ so funny

Price index seems to be following asking price data as expected. A return to month on month growth in Dublin and Ex Dublin after several months of declines.

0.6% MoM increase countrywide.

That’s true, but again, politically speaking the biggest issue in Ireland is not the price of houses in isolation. It’s the supply of houses for purchase and the ability for people to secure loans to buy them.

One way to address this is to give people more money to shift the supply curve. Prices go up, hopefully that stimulates more building, and despite the prices going up, if people are being leant more, they can still buy them (albeit with higher debt burdens).

It’s economics 101. Rising prices is not the intention, it’s merely the by-product of them trying to stimulate supply. Can strongly debate whether the objective is correct, but I think it’s important to get away from the idea that policy makers want higher prices for the sake of higher prices.

It's entirely consistent with what the state has been doing for 30 years ie

Driving up the cost of housing and/or preventing the natural correction of prices during downturns

Working terms/conditions are extremely poor for construction workers in comparison to other professions

Paid holidays, short term contracts, pensions, healthcare etc all below most. Very few young folk would consider it as a career option in the current environment

Need something more secure and rewarding to attract workers. Irish wages in construction have been shown to be at or below EU averages

Cut the white collar fat that adss little, no or negative value share it amongst those that do add value

First year apprentices as of this year are still only on €6.84 an hour, €274 a week. In second year they're on €411 a week. Both are significantly below what someone entering a minimum wage job in retail or anywhere else would get (€452 pw), mostly in much physically easier jobs.

Its absolutely ridiculous that they're not paid at least minimum wage. Thats the rock bottom of what needs to be paid to get young people into the industry in decent numbers.

Have our own local pool, all reasnoble.

The won't work for a contracted ever again as they were scalded in the crash

Get em in after junior cert, like in the past. School as it is does not suit many young folk.

This of course does not fix the terms and conditions. Many qualified apprentices are leaving for better pay and conditions in MNC

When planning permission is refused, is the reason published? Looking for the reason for refusal on this - Planning Application: 221666 (Meath CoCo)

Thanks for that

Will someone send that minister to Victoria's Secret. My god does he love posing