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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: 7,088 ✭✭✭Clo-Clo


    Bit pointless having a government who can’t deliver anything you need….



  • Registered Users, Registered Users 2 Posts: 2,066 ✭✭✭HerrKuehn


    Well, that's true, but they won't be able to blame others anymore. They might realise not everything is easy. If we have a SF government, they will be coming in with the state having full coffers, full employment, no GFC, no pandemic, inflation easing, so no excuses.



  • Registered Users, Registered Users 2 Posts: 2,066 ✭✭✭HerrKuehn


    A big part of the problem in the health service is the working conditions too, not just the housing issues. Australia and NZ have similar housing problems to here but they have much better health services to work in from the point of view of staff. It is a difficult problem to solve, since it would mean big changes to the onion layered management in the HSE.

    A used car salesman like David "up the ra" Cullinane should be able to sort it out though, so there is hope.

    Post edited by Boards.ie: Mike on


  • Registered Users, Registered Users 2 Posts: 30,851 ✭✭✭✭blanch152


    No issue with the goal, but let's be realistic here, it is fantasy to think a change in government could achieve that. No other country in the world has a situation whereby a barista in a cafe can afford an apartment like that within a reasonable distance of their employment in the capital city.

    Well, maybe Pyongyang, but you wouldn't get heat or light or internet or freedom.



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


    Apartment prices per m2

    New South Wales: €8,300

    Madrid:€4,387

    London:€16,245

    Paris: €11,085

    Portugal: €6,180


    Significant outlier in Madrid, but Spain has an unemployment rate of +13%, down from +15% in 2020, Portugal is also low but Apartments were +5% and houses +9% YOY.



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  • Registered Users, Registered Users 2 Posts: 7,713 ✭✭✭Bluefoam




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


    How big of a mess is Northern Ireland that a qualified nurse has to travel 2 1/2 hours to a different country to get work. How many other thousands have to do the same daily/weekly to earn a crush of bread

    Post edited by Boards.ie: Mike on


  • Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭Emblematic


    Well however I believe in the Scandinavian countries, it is fairly common practice that once you get your first job after leaving school or university you move out of home or student accommodation and get your own place. Although things are getting a bit more expensive in recent years, the generally better standard of accommodation was one of the reasons they did not need such stringent lockdowns and other restrictions during the Covid crisis. There are other places in Europe with a far better rental market than Ireland.

    I've said already on this thread that I don't think the Shinners will bring about such a change in Ireland. Their thinking is too Marxist and simplistic. I regard them, however, as a necessary phase before real change can occur. I don't think it is unrealistic in the longer run.



  • Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭Emblematic


    Basically the government should concentrate on removing obstacles to development (I have given some examples of these earlier in the thread) and attract inward investment into building housing. You will already be against this because it will bring down the value of your property but I would say it is needed nevertheless. You will benefit in the long run by living in a better society where people are not divided against each other.



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


    The plan after the crash was to build a better rental market with large companies running the rental properties and move away from the small landlord.

    This was also driven by the tenants that wanted a more "professional" setup. So they demanded more laws to change to suit the tenants, which drove the small landlord out of the market.

    As soon as the small landlord was driven from the market then the same people complained because the large companies, the professional rental companies, had to buy properties and this wasn't fair because they now wanted to buy the properties.

    Comparing Ireland to Europe is wrong as well, most Europeans have no problems living in apartment and buying apartments. In Ireland people want a 3-4 bed house with a garden. They don't want apartments etc. You hear all sorts of excuses for why people won't by apartments

    I said at the start of this thread Ireland should flip now and in major cities stop building houses and build apartments. For at least 5 years to help get rid of crisis



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


    Sorry but this is still just noise. You are complaining about the government but multiple posts and you haven't given a example of what you mean

    What is this inward investment you want?

    What are you proposing, if you don't mind just explaining in detail.



  • Registered Users, Registered Users 2 Posts: 30,851 ✭✭✭✭blanch152


    Try renting anything other than a shoebox in Stockholm.



  • Registered Users, Registered Users 2 Posts: 30,851 ✭✭✭✭blanch152


    Inward investment? But Sinn Fein wants to drive the investors out of the market.



  • Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭Emblematic


    I don't think there was any coherent plan to be honest after the crash as to how housing was to be supplied.



  • Registered Users, Registered Users 2 Posts: 5,035 ✭✭✭BlueSkyDreams


    Exactly!

    Watch the investment in housing dry up under Sf and the number of new build completions follow suit.

    Those that think SF will oversee an increase in new homes being built are living in cloud cuckoo land.



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



    The other point was "moving blockers", one of the biggest blockers at the moment is Sinn Fein.



  • Registered Users, Registered Users 2 Posts: 30,851 ✭✭✭✭blanch152


    The wages for baristas in Madrid or Lisbon are a lot less than in Dublin.



  • Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭Emblematic


    But I already said that I don't agree with Sinn Fein. They may however be a necessary stage before the proper solutions can be brought in.



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


    But housing is working at the moment, Ireland is building more houses than we have in years. The majority are been bought by people and home ownership rate is increasing.

    Putting Sinn Fein in to f**k around for 4-5 years while blaming the previous government, slowing down houses etc etc is going to solve it how?



  • Registered Users, Registered Users 2 Posts: 30,851 ✭✭✭✭blanch152


    I certainly think that Sinn Fein could solve the housing problem if elected and that house prices could fall to €300k.

    However, those aims can only be achieved by collapsing the economy and driving the multinationals out of Ireland resulting in mass emigration, a population decrease and a reduction in living standards for everyone. Quite possible that two to three years of Sinn Fein government could see that happening.



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  • Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭Emblematic


    I don't know. This three bed apartment is within about 20 mins by train to central Stockholm and is priced at €1,126 per month. Are you honestly saying that renting in Dublin is better than Stockholm?

    Why should this be an impossible dream in Dublin? I haven't been to Stockholm or its surroundings but I would imagine a lot of people from there would regard Dublin as a fairly rough place by comparison. Yet rents in Dubin are much higher and we are supposed to believe we have it good.



  • Registered Users, Registered Users 2 Posts: 997 ✭✭✭iColdFusion


    Not sure if its been posted yet but O' Broin was on the last word talking about this topic

    The biggest take away for me and it was the same during the last election debates is that he cant ever say exactly specifically what actions or steps he would take if he was in power, its air fairy stuff of removing red tape, streamlining planning, massively ramping up housing completion numbers and reducing the soft costs of building such as development levys to reduce new home costs but absolutely zero what he would do to achieve these things!

    He's already said SF are against removing VAT from new build costs so I dont know how hes going to get build costs down.

    If he directs Irish water, ESB and local councils to not charge any fees for new housing developments that money will have to come from state coffers.

    He's a massive critic of the LDA which to be fair aren't going great but are still doing something for affordable housing so who knows what will happen to them and their pipeline of housing if he gets into power.

    He says planning needs to be streamlined but SF are constant objectors.


    For an educated man who portrays himself as an expert in housing he really needs to grow some backbone and commit to something, even if he said he would rewrite the building regulations to make them less onerous and pull local fire officers back in line to reduce build costs that would at least be something!



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


    Sinn Fein across every topic will commit to nothing. It's all nice fluff which sounds great to some of the population.

    The rest of us who want specific answers you won't get them. In reality I doubt he has any idea what he would do.

    Sinn Fein, if they get into government, will spend the entire time blaming the last government while slowing down housing.

    With Sinn Fein in government, it would hopefully stop them blocking every development and that's about as far as he will get to stream lining



  • Registered Users, Registered Users 2 Posts: 997 ✭✭✭iColdFusion


    The stats on that page are eye opening, what we have been spending on HAP 😮


    image.png




  • Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭Emblematic


    Not saying that Sinn Fein would do it (in fact I think they would not) but there's a lot could be done to speed up planning applications and the like. The reason nothing is done is most likely to prop up prices for the core voters of the mainstream parties. The only benefit that Sinn Fein would have would be that they would be less beholden to landlords and the like. That said, I doubt if Sinn Fein would do any of this thought the opportunity is there.



  • Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭Emblematic


    This is why naively putting more taxpayers money into the pockets of landlords or giving them tax incentives won't work. We've been throwing money at them for years and things have only gotten worse.



  • Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭Emblematic


    The main threat of landlords is that if they don't get loads of subsidy or tax concessions they will sell up, and the danger then is that the property will be bought by an FTB who can now bring up a family with their new found security that is not available to renters.

    If public money is to be spent, it needs to be targeted at new builds, that way both rents and purchase prices will come down. Of course, for that very same reason, the current parties have only timidly done this as they are still pandering to those who have already bought or those who are landlords. The last thing these people would like to see is plentiful affordable accommodation.

    Post edited by Boards.ie: Mike on


  • Registered Users, Registered Users 2 Posts: 997 ✭✭✭iColdFusion


    Planning delays are a very real thing that kill off viable projects and the government have had a few goes at speeding things up by effectively allowing large developers to bypass local authorities (admitting by extension they are a roadblock) but they have rolled back on that again now with all the who-ha in an Bord Pleanala - there is no good answer because if you try to speed up the process too much you will piss off the local communities who voted you in.

    It would have made sense to give the LDA the ability to go use the Part 8 planning process to move things along but even the small allowance in their powers to push past local authority roadblocks holding up usage of key sites was met with uproar in the Dail and Seanad that local councillors were being ignored - you really cant win unless you want to go back to the good old Celtic Tiger days of brown envelope planning approvals which would be very ironic for SF the end up there instead of FF or FG!



  • Registered Users, Registered Users 2 Posts: 3,616 ✭✭✭Francis McM


    +1. What sane developer would build houses now in Dublin, given that the professional surveyors body SCSI stated the average cost of building a 3-bedroom house in Dublin is €371,311. That excludes site purchase costs, roads etc. If SF get in to power and lower property prices the developer will definitely be up s*it creek. What bank would lend to a developer to build houses, given it is not viable if / when a SF led government gets in and destroys the economy as expected ? ( even their aim is to lower the value of houses buy a lot ).

    Banks / developers / builders hate uncertainty.



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


    LL pay 50% tax on rents. You would be surprised the amount of people who are unaware of this. So if you have a 1k mortgage on a property you need 2k rent to cover it.

    The 50% tax is going back into the government purses

    If been a LL was so easy why are they all leaving the market?

    How are the current government "beholden to landlords and the like"? any of the changes that tenants have demanded have been implemented. This has meant LL are forced out of the market. If the government was beholden wouldn't they have stopped all the changes?


    Maybe you could give us a few example of how you would speed up planning?

    Post edited by Boards.ie: Mike on


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