"average Dublin house prices should fall to ‘the €300,000 mark" according to Many Lou McD.

There needs to be legislation that prevents companies from gouging any time incentives or grants come in. Any incentive to reduce building costs will inevitably cause prices to increase as some suppliers raise prices, the demand is there so it's a low risk high gain move.

Yep happy with trade wages going down . Needs too big time same as house prices. got an electrician quote last week for 2 cables to be ran, 2500 euro for a half a day's work lol reminded me of a quote to build a stone wall during the last boom. Crazy **** again at the moment. Anyway prices houses need to drop and I know a think or two on how pensions work..

That's actually quiet impressive, can you remember the name of the site ?

Prices are unsustainable as they are. so - There will be a property crash, it's not a question of whether but of how soon. The wars in Palestine and Ukraine are likely to bring it about sooner rather than later; most of us are already aware that the cost of living is increasing fast, and prices will increase further due to the closure of the Red Sea, and the resulting increased shipping costs, along with shortages of some Chinese & other Asian goods in the short to medium term.

The world we have known in recent decades is coming to an end as many countries in what used to be known as the 2nd and 3rd worlds reject the US Rules-Based-Order. One sign of this change is the rise of the Right all over Europe, Trump & Bolsonaro in the Americas.

The last crash saw prices drop and drop - until FG/Lab came to power and immediately introduced measures to shore up and then drive up property prices again.

The fact of the introduction of those measures means that the crash never actually finished - there was still some way to go at the time. A website called thepropertypin.com was set up to discuss housing, and for several years was a very lively site on housing, the economy and related matters. One day, around the spring of 2012 I think it was, a poster who had been very critical of government policy over the previous several years, called "the bottom" of the crash in Dublin. It was completely counter-intuitive as prices had been dropping and had shown no sign of stopping - and employment hadn't picked up either, nor had wages. That poster turned out to be right, but it was due to government interference in the market to bring up prices again, and not to "the fundamentals".

It’s you who is out of touch I’m afraid

You claim to be working 60 hours a week and earning 40k. If that’s true you’re earning minimum wage. There isn’t a major city anywhere in the developed world where a single person with no savings and a minimum wage job can buy his own home. That’s the reality.

if you want to believe SF have a secret plan to fix a problem that literally no other government in any country has been able to solve, that’s fine but my bet is you’ll be here in ten years wondering when you’re going to get your free house.

If by working class you mean a tradesman and his wife, then they can afford to buy in Dublin no problem.

Hold on, give me a fundamental analysis on why that number should be the "standard price for a shell of a building"?

Suppose you had a blank slate tomorrow in which you had the magic power to start again and create your own system over the country from scratch - would you decide to have a system where that "shell of a building" would be worth every penny taken home by a 30 year old teacher for three years?

Wouldn't be for me personally as I prefer not having to worry about neighbours when I play music, work on projects etc.

Plenty of people having issues getting on the property ladder, same as it was pre and post 2008.

Wouldn't like to go back renting, but it was as it always been a necessity

According to people here its those like me paying half our salaries in rent and working two jobs to fund it that should be turfed out of the city

Because I asked why is being done for us to keep us housed when we retire

For most renters, you could half our salaries but with the traditional social housing rent of 15% of income we would be better off. Than again everyone renting who is not on hap (Im not) could easily afford a mortgage but our restrictive lending stops that

What area do you work in?

How are you going to make your money back on this imagined future airbnb house when you are also using it to solve the dilemma of all the Dublin-based workers (or even one of them) who is going to move there to live?

I asked for a fundamental analysis of why it is worth that. The reason being that it cannot be worth that fundamentally. It is only at that value now because of a broken system.

You may not have realised it, but your own response perfectly encapsulates one of the major issues - that being the commoditisation of houses and having a system that allows a relatively select few to profit at the expense of the already less-well-off

The market bottomed out in 2013.

Despite the crash, our population was still rising and our economy began to recover quite quickly.

Our construction industry was completely destroyed.

We were building less than 10,000 units a year back then.

So if demand is greater than supply, then prices will rise. It's basic economics.

The problem was the government didn't interfere enough in the property market.

Im thinking strongly of moving to Bristol, Glasgow or Edinburgh (did a stint in London ten years ago to get work experience with an agency). I have a good few friends living over there, same wages but 1/2 the rents and only 5% requirement on a mortgage that according to one mate who bought in Glasgow is 5 times your income over there