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

We've moved beyond social housing being a priority, Ffg have made such a mess of this, what should be the priority is build to rent for teachers, SNA's, nurses, guards and all the other professions (public & private) that are required for the smooth running of our country. We are currently loosing these to countries that value them more after spending loads to educate them to that level.

Call this a thank you scheme for the front line workers we were lauding during Covid but kicking since covid is no longer an issue

Doing this would add supply in a cash neutral or revenue positive manner for the state, availing of this Lower cost accomodation allows

Housing security for the beneficiaries

Allows them to save a deposit for there own property allowing them to move on and make the house available for the next participant

Participation disqualifies from ftb grant as your getting protected from the private rental sector, saving the state a significant amount plus cooling new house price inflation.

The state providing btr would flush out the land hoarders, knowing that a competitor adding supply would devalue there land if they continued to sit on it.

Supplying build to rent only would prevent the state from gifting state assets to private individuals which is of little no value to the taxpayer. I saw a former council house on the examiner newspaper in Kinsale expected to make 1,000,000 at auction.

What the government have been hinting at is providing the funding for apartment complexes that have planning permission but have not yet started.

If they have not started in a period of 0 interest rates,

0 tax on investment funds,

a planning system that is used to increase the value of land rather than get anything built

Stable prices on materials and labour

One would have to assume that these projects are severely unviable in current conditions and land prices therefore exposing the taxpayer to potentially enormous losses. This is what I meant by the state being potentially the last fool in the market

Much better to develop property on the states own land

Many TDs have rental properties. There probably aren't too many of them trying to buy their first house..............

I'm just proposing solutions, not a spokesperson for SF. Being honest there call last week for mortgage interest relief was the final straw.

Mother of sweet divine Jesus more monty phyton comedy from from the budget

Help to buy us being extended to those availing of affordable purchase scheme.

How do they announce this madness and keep a straight face

Just look back to 2005/6 when they abolished it for a year and house market flat lines…reintroduced a year later and price went up.

Not a hope unless there's a huge crash again (seems unlikely), at which point unless you have cash on hand you're still gonna be sh1t out of luck

I get the sentiment but it's not that simple.

If SF come in the sales market will become exactly like the rental market: zero supply, especially at the lower end. Currently the government is only meddling in the rental market (HAp, social tenants living in far more space than majority of lower end of working-non-social housing population etc).

government is not the solution to the problem, government is the problem

This is the only way, but gov won't do anything that stabilises or brings a necesarry correction in price. Homelessness and unaffordability are necessary in order to allow continuous house price appreciation

This would flush out the land hoarders, knowing that a government acting on supply would devalue there land where they to continue to sit on it and do nothing. Remember alot of this land was sold by the state at fire sale prices in the last crash.

Even the mere announcement of change in policy by the government towards supply would panic the land hoarders into action as they would rush to get there's built before the state

Currently they are incentivised to sit on the land as the government continues with demand side policies, they know there land will continue to rise in value

This has to continue because highgher and higher house prices and rents are far more beneficial for the Irish people and economy, until its not.

We must persist with this policy regardless of the cost. There is no better way

I dunno, you have to plan to live there for the next 5 years, and whatever may happen to you (and your family)

I have a colleague who bought a 1 bed in 2008, and only moved out in 2017, with a wife and 2 kids.

Average age of FTB is increasing, and to be honest, there's no value in apartments anymore, especially not the Celtic tiger-era buildings. You'd almost be better off to save a little extra and get a house.