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

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Comments

  • Registered Users, Registered Users 2 Posts: 21,327 ✭✭✭✭Donald Trump



    Land does not determine the price of houses. It is the opposite way around. The likes of SCSI tells you it does.



  • Registered Users, Registered Users 2 Posts: 27,474 ✭✭✭✭GreeBo


    I know you didn't suggest it, I'm suggesting it in order to demonstrate that I don't think your point makes any sense.

    You believe that 5 people on 100K each can replace a builder.

    You also believe that a builder makes at least 5M on a site of 100 houses.

    So the question remains, why wouldnt a builder just pay 5 lads the 500K and then he pockets at least 4.5M without having to do anything?

    Also, if its this easy, why isnt everyone setting themselves up as a developer?



  • Registered Users, Registered Users 2 Posts: 27,474 ✭✭✭✭GreeBo


    I think you are confusing Zoning and planning with housing maybe?

    Its very hard to build a house unless you have land to build it on. You have to purchase that land.

    You can build a house for 300K excluding land costs. How much are you going to sell that house in Dalkey vs the same house in Termonfeckin?



  • Registered Users, Registered Users 2 Posts: 6,394 ✭✭✭Wolf359f


    If the state land is to be used, does that not mean the local councils will loose money as they won't be selling land to private developers?

    I think with a program like SF are proposing it needs to be explained. I've yet to see the actual details, beyond the headline 300k figure.... which didn't get much traction, so a new figure popped up, even lower at 250k. Either way, it needs to be costed.



  • Registered Users, Registered Users 2 Posts: 2,088 ✭✭✭Large bottle small glass


    Sinn Fein in opposition have been getting away with convincing everyone that they will increase taxation and spending with effecting your tax.

    A left wing party against property tax 😀

    It's pie in the sky much like this proposal.



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  • Registered Users, Registered Users 2 Posts: 3,254 ✭✭✭MegamanBoo


    Well you've qualified your original statement somewhat...

    But with some of the lowest population density in Europe we're not running out of land anytime soon.

    Labour shortages the big problem, too long ignored by FFG and still they do nothing about it.



  • Registered Users, Registered Users 2 Posts: 7,088 ✭✭✭Clo-Clo


    They also claim they want to "tax the rich"

    While giving the rich a tax break by removing the LPT. All those dodgy rich people hiding money have no way around paying LPT for their big houses etc.

    Sinn Fein should run under the banner "Incompetence" because that's the best description for the party.



  • Registered Users, Registered Users 2 Posts: 1,723 ✭✭✭Finty Lemon


    How will Eoin OBroins plan specifically address this labour issue?



  • Registered Users, Registered Users 2 Posts: 27,474 ✭✭✭✭GreeBo


    What have I qualified? Since the start I have pointed out that you require land which is a finite resource. You are the one who keeps insisting that its just government policy causing an issue.


    As for population density, where exactly is all this free space? Is it in Dublin or Cork or Galway city, yunno, where all the people want to live?



  • Registered Users, Registered Users 2 Posts: 30,967 ✭✭✭✭Wanderer78


    theyre clearly trying to pull in some of those floating centrist's with their stance on property tax, it ll work to some degree, but we clearly cant continue with increasing wealth inequality in particular related to property, so someone is gonna have to break stuff and upset a lot of people, but at the moment, it aint gonna be any of the three main parties, so it probably wont happen at all.....

    we clearly have no clue what a sf lead government would be like, but as it stands at the moment, they d have to form one with ff, so its actually looking very possible, we ll simply have another ffg government after the ge, and if thats the case, get ready for a lot more stuff to be burnt to the ground!

    sf incompetence, well we could take a good look at our current governments situation in regards competency!

    yup, no one has a clue or any sort of plan in how to approach the actual problem of capacity, so sorry folks, our property market is screwed for the remainder of this decade anyway!



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  • Registered Users, Registered Users 2 Posts: 7,088 ✭✭✭Clo-Clo


    We have a clue, look at the North.

    The LPT is the lifeline now for a lot of councils and since it's introduction you have seen facilities pop up all over Ireland which was never been built before by councils. Cutting it off now is the sort of stupid idea I would expect from PBP etc and if Sinn Fein are stupid enough to think that is a good plan they shouldn't be let near the government.

    If the best you can say about SF in regards to incompetence is look at the other guys you really are losing it.

    FF and FG can claim to have Ireland as one of the best countries in the World, yes we have issues, but we are still a fantastic place to live. What can Sinn fein claim? they got setup in the 70's to get a United ireland? failed at that. Every other thing you look at they have failed.

    Take over DCC to build properties? failed and left with less units

    Release an alternative budget? failed and had errors in it

    Take over the assembly in the North? failed they have it shut down again

    Try to build bridges in the North with other parties after peace process? failed at every occasion


    Sorry I don't see why anyone would think putting them into government is a good idea just because they haven't failed at that yet.

    Honestly until Sinn Fein arrived I never heard anyone talk about putting a political party into power because it's a bit of a change, while been told to forget how incompetent the party is at every level.



  • Registered Users, Registered Users 2 Posts: 30,967 ✭✭✭✭Wanderer78


    really! ffg are flying along, our 'issues' such as housing and health care system issues are really only minor issues, that ireland is really just fine, seriously!

    do you really think your kids, grand kids, nieces and nephews see ireland this way! and from this, im sure, they ll just run to further support another ffg lead government, and definitely wont say, ta hell with this, we re voting anything but, including, and in particular sf! get ready now!

    get ready, you re gonna be very very disappointed, when a hell of a lot of those young folk vote for sf, demanding a sf lead government, and if they dont get it, some of those folk are gonna raise hell, they ll just continue burning and wrecking things, until significant change occurs!

    talking about entitlement, ffg and some of their supporters, are amongst the most entitled, believing their needs and wants, supersede everyone elses, in particular younger generations, and ta hell with those younger generations, get ready now folks, the dominate era of ffg is coming to and end, and us older generations, in particular those of us that own assets such as property, better get use to change, cause its gonna hurt!

    oh and if you think sf are bad, just wait, the anti brigade are here, and their solution, lets burn and wreck stuff!



  • Registered Users, Registered Users 2 Posts: 7,088 ✭✭✭Clo-Clo


    Nobody said they "are flying along" or they are "minor issues" so as usual on any discussion we get this nonsense responses.

    "entitled" 😂

    blah blah blah , faux outrage, blah blah blah. That's all that reads to me.

    Do you have have anything to discuss on their incompetence or their policies?



  • Registered Users, Registered Users 2 Posts: 7,504 ✭✭✭Former Former Former


    Labour shortages the big problem, too long ignored by FFG and still they do nothing about it

    Again, what will SF do differently?

    There are two options;

    1. Cut welfare to incentivise people to work.
    2. Bring in large numbers of non-EU migrant workers

    neither of these will be acceptable to SF’s base so what will they do?



  • Moderators, Politics Moderators Posts: 42,852 Mod ✭✭✭✭Seth Brundle


    Take over the assembly in the North? failed they have it shut down again

    I think this is the second time you've said this in the last few pages and I'm curious as to why you believe this when it is clear to everyone that it is not SF but the DUP who are blocking the Assembly



  • Registered Users, Registered Users 2 Posts: 185 ✭✭drop table Users


    How come there is an also housing crisis in North where SF been in charge for how long now? And what have they done about it there



  • Registered Users, Registered Users 2 Posts: 3,254 ✭✭✭MegamanBoo


    That's paywalled, but I think you're allowed to summarise and quote.



  • Posts: 0 [Deleted User]


    Let me give you an example of the financial figures involved in the income and mortgage plans of a couple that I am advising, which suggest that the required income levels are about half of the quoted figures above.

    The purchase price of the property under consideration is €425,000, the deposit required is €42,500, the First Home Scheme is worth €126,000, and the mortgage loan is €256,000. 

    So, a couple or single person earning €64,000, with a 10% deposit can buy a new property that is worth €425,000. 

    The average industrial wage is €47,201, which means buying a new home is well within the price range of a couple earning 68% of the average industrial wage.

    That is part of it.



  • Registered Users, Registered Users 2 Posts: 3,254 ✭✭✭MegamanBoo


    Making housing more affordable will allow building to continue to a greater extent during the next downturn, making construction work more stable and attractive in the long term.

    Like I said I think SF's plan lacks detail and doesn't go far enough, but at least it's better than 10 years of FFGs do basically nothing approach.

    With 60,000 homes at least required per year in the long term, and major retrofit work required by 2040 for the EU ban on fossil fuels, we need far more construction workers.

    FFG have done nothing over the last decade to address this.



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  • Registered Users, Registered Users 2 Posts: 3,254 ✭✭✭MegamanBoo


    Thanks, now where does couple earning 68% of the average wage get 42500 for a deposit with rents where they are?



  • Registered Users, Registered Users 2 Posts: 2,612 ✭✭✭nachouser


    I don't normally bother with these threads, but this outlook is delusional.

    https://vote.sinnfein.ie/budget-2024/



  • Registered Users, Registered Users 2 Posts: 27,474 ✭✭✭✭GreeBo


    "lacks detail"

    I kinda would have said that detail is critical for a plan?



  • Registered Users, Registered Users 2 Posts: 6,438 ✭✭✭Flaneur OBrien


    Because NI is ruled, financially, from Westminster.



  • Posts: 0 [Deleted User]


    If Mary Lou thinks average house prices in Dublin should fall to 300k, and she must recognise that the likes of D4, Blackrock, Malahide, Howth, Clontarf, Monkstown, Foxrock etc will still command a premium, does that mean she wants houses in Tallaght, Crumlin, Santry, Clondalkin etc to be available for much less than 300k to make the "average" balance out?



  • Registered Users, Registered Users 2 Posts: 185 ✭✭drop table Users


    Ah so 5 years into a SF reign the excuse for no increases in housing will be “Because Ireland is ruled, financially, from Brussels, we told you for all them decades EU are evil”



  • Registered Users, Registered Users 2 Posts: 3,254 ✭✭✭MegamanBoo


    Might have just been the word limit on the article.



  • Registered Users, Registered Users 2 Posts: 6,438 ✭✭✭Flaneur OBrien


    Am I wrong about NO being ruled financially by Westminster?

    And no, Brussels nor the EU control out budgets not rule is financially. It's the difference between being a sovereign state, and not.

    But don't let your fear of SF cloud your opinion...



  • Registered Users, Registered Users 2 Posts: 7,088 ✭✭✭Clo-Clo


    The old excuse of Westminster rolled out yet again by Sinn Fein supporters.

    The reason housing is a mess in Northern Ireland has nothing to do with Westminster.

    Sinn Fein have done zip to resolve the issues in Northern Ireland yet we are told that they have all the answers in Republic. Hilarious.

    Sinn Fein took control of DCC in 2014, they got kicked out in 2019. When they took control they promised to build houses and one of the reasons they got voted in

    This is their record in DCC, while the population was growing.

    https://dublininquirer.com/2019/03/20/council-owns-1-300-fewer-social-homes-than-four-years-ago/



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  • Registered Users, Registered Users 2 Posts: 27,474 ✭✭✭✭GreeBo


    Maybe. I await his detailed and costed follow up so.

    It will probably be a book though.



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