https://www.businesspost.ie/news/uk-fund-snaps-up-85-of-dublin-17-housing-estate-originally-aimed-at-individual-buyers/
I though they banned this from happening?!
A lot of the skills for office space are not transferable to housing. If the office block are unneeded then why would companies build them? they have to have a market once they are built.
agree with pretty much everything there, but you must realise where most of our political parties are coming from, its fundamentally based in their deeply flawed, and frankly wrong ideologies, but they are refusing to accept this, so now, their toast....
this is all part of the issue, you have unneeded office blocks being built, why, because they are in the planning pipeline, takes ages to see these things through
need to pivot
disagree with what? that the issue could have been foreseen and solved
its really been going on for 25 years, they let the housing system boom and then bust
they should have stepped in to keep a whole generation of architects, engineers and tradesmen in the country rather than let them emigrate
they should have stopped the building boom in the first place
they did nothing to solve the problem
david mcwilliams mentioned this recently, so you re not wrong, there definitely is a misallocation occurring, and some of those workers could be moved more so towards residential, im sure it would help a lot, but im still not convinced it would be enough, but who knows, but the reality is, it hasnt happened yet, and may never.
commercial markets look like theyre in trouble, there maybe a slow down there, maybe even a crash, but who knows again, if there is, that doesnt necessarily mean lads would simply move towards residential, and there would probably need to be some sort of state intervention to do so, so best of luck with that one....
Yep just saw it now, you underlined a word as your source.
I read the source, and the article is nonsense. As I said, the census data includes people renting a room and possibly other types of tenancies. It even quote the RTB further down who contradict the whole story of tenancies rising, so the article author put their own opinion at the top and buried the facts at the bottom of the article.
Registered tenancies cover rented properties.
So, nobody really knows then, do they? Which was my original point.
Did you see the source that was in the first line of my post?
Link in the op is broken and I know it worked before
Was the story pulled?
I've wondered about the capacity thing. I work in Dublin City Centre and there are cranes and holes in the ground all over the place. Maybe it's a different skill set building high-rise offices to apartment blocks or houses (I genuinely don't know) but it seems the capacity is misallocated rather than lacking altogether.
Nonsense. I provided the answer.
Where's your evidence there isn't a renting culture or a large section of the population stuck in a rental rut?
And remember to include the homeless, those forced to move back with parents, those forced to emigrate, and those renting rooms with landlords.
Show us the evidence.
...tis going on for about 15 years, if not more...
disagree there, theres simply not enough people available for whats needed, with a rapidly aging construction workforce, wes got problems!
People want rental properties, if these companies don't provide them then who does?
Any source to back up this statement? Nevermind, I will help you out.
Are landlords really fleeing the Irish housing market? (rte.ie)
The census includes people renting a room in a landlords house for example - their tenancy is not registered.
The RTB only count registered tenancies of properties, and there has been a fall in these.
So the answer is no.
Would have been a lot easier if you said that at the start
Everyone is aware we have a housing crisis, at the moment from what I can see Ireland is building as many houses as possible with the workforce we have available. Not sure what is to be gained by spreading false information constantly around the web
its not like we have had maybe 10 years leading up to this to rectify this issue
there is capacity out there to build more just no concerted effort to do so
I think you're strawmanning me a little bit here. I was arguing for how the rental market ought to work, not how it does today.
Regarding increased supply, I mentioned Lorcan Sirr's point that increases of developer-built housing stock have been accompanied by increased prices, as developers don't build if house prices are falling. The issue is who is doing the building and for whom. If the government built properties themselves by employing builders directly, they have more control over costs, margins etc and from the builders perspective, state developments are safer financially, and generate employment.
i read your first post and your reply
correlates to higher unemployement
without looking at what causes it
....but we ve hit a serious capacity constraint, so, we re stuck.....
Anecodotal evidence and newspaper stories day in day out of middle class people and couples living at home or stuck in rental accomodation who can't get on the property ladder. Countless TV programs and documentaries about it too. To deny there is a squeezed middle who can't get on the housing ladders is bizzare. Numerous stories of renters facing evictions. And numerous stories of people emigrating because they can't buy a house here.
the rental market is shrinking and continues to shrink
the RPZ is a short term stop gap bandaid, not a solution
solution is supply
Not sure you are living in the real world. If you have a family and ties to an area such as school places, and suddenly your landlord decides to sell up, what do you do then? And suppose your landlord was in a RPZ and was charging 2000 a month, and now you can move to a new property down the road, but its 3500 a month?
Renting in this country is not a stable life for everyone. Many former renters are now classed as homeless and can't get back into the rental market in the near future.
And there is no evidence that an increase in rental supply has brought down prices, if anything its the opposite, as new properties are not restricted in price.
I don't think you read my reply - I said home ownership correlates positively with unemployment, I didn't say one caused the other, as I do know the difference between correlation and causation.
This is absolutely sickening and I hear people saying it should be illegal. How could it be made illegal though?
Don't get me wrong, I'm all for it but I'm just wondering about the technicalities and legalities involved in making it illegal. I would imagine that it would be a case of "Well, they have the money. You can't NOT sell it to them because they are British. That's discrimination"
Maybe via some Brexit clause? But I suppose then some German or French or other group could come in.
I mean this is a win-win for these funds: Not only are they making money hand-over-fist with massive rent but the very same massive rent means that people can't save money for deposit to get on the property ladder. Guaranteeing them their renters.
I'm not a bleeding-heart socialist and don't believe everyone should be guaranteed their own home but people should be able to at least have the right to ATTEMPT to get on the property ladder and this robs people of this right. Amoral.
So can you back up the claim to show the trend as you claimed?
The post above is your opinion. I ask because the trends I see is home owners are buying the properties in the majority so if you had a different analysis that would be interested
The narrative around landlords leaving the market is questionable at best. Census data has shown that the number of rented homes has increased, despite the number of registered tenancies decreasing
The next major economic downturn is going to make the last one looks like a children's party.
Has anyone recent figures on current government spending because it has to have gone through the roof?
We are inviting here half (the male half) of North Africa, Middle East, The Caucasus, Central Asia, and then adding a fair chunk of Ukraine and housing them, feeding them and providing for them all on the taxpayers back.
Where exactly is the bottomless pit of money?
Then to add to our woes we have a beyond dysfunctional property market.
We are not building any social housing for our own people, but instead signing up to extortionate long term rental agreements with investment funds, all the while freezing out workers who might normally have been able to afford to purchase property.
Middle Ireland is being ridden.
As someone said earlier, too wealthy to be considered for affordable or social housing, but too poor to afford mortgages for anything decent.
Add to that middle Ireland are the ones primarily funding the government spending, but yet are the ones who don't get free decent medical care, even worse now don't even get easy access to GPs even though paying them, can't get free education, can't afford childcare, can't afford nursing homes for elderly relatives, etc, etc.
The most noticeable thing that is going to occur is the future middle Irelanders are going to go elsewhere to make a future life.
The governments of the 21st century are going to eventually make the worst of Devs look professional forward thinkers.
There is a reckoning a coming and it is going to be vicious.
you obviously didnt take the time to read that study before linking to it
it is nonsense, its the basis of comparing 2 stats and trying to infer something from them to make the argument suit the answer you want
lots of other things at play they have just ignored
on rent is dead money, it is, long term versus buying
security, you have none, flexibility seems to be the buzzword for the pros of renting, yet no one actually takes advantage of that
if you rent into your 40s you end up in a situation where you wont be able to ever buy, trapped by having kids etc, spending more money on rent into a loop you can't get out out
We've had more rentals, including the new rentals bought by funds and councils. Prices have not come down in any way.
What's happening is your traditional landlord is leaving the market because of rules and restrictions such as around RPZs. Its no longer profitable or worthwhile for them. This has caused a huge drop in supply and a new increase in demand.
To meet this demand, new players are coming in such as the funds. They can charge twice the price of the traditional landlord because THEY ARE NOT SUBJECT TO RPZ. I've put the caps in, in case you don't get it.
That is not a drop in price, its a massive increase in price. Traditional landlord replaced by new landlords and new properties equals huge increase in rent prices, not a drop.
Its hard to argue against what your saying, just take the planning and house buying processes, both so convoluted and geared against people trying to get their own home and have been that way for decades without anyone trying to fix them you'd have to assume its by design rather than pure incompetence.
Every now and then I think of the economic benefits of keeping workers constantly fighting for better wages, better jobs, getting more qualifications, not having any kids, etc to somehow afford their own home up until their mid 30s to maximise the productivity of a workforce instead of them being able to somewhat relax if they could buy a home in their 20s but thats probably one for the Conspiracy Theory forum!
...so effectively lobbyists....
