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

I think the tide might be changing and people don't see it. All the new tenancies through the approved housing bodies are for 25yrs (rather than the old council house for life scenairo).

I did hear that there are eviction proceedings against a small number of tenants in arrears in SDCC but it needs to go through a cumbersome legal process.

Was talking to my Dad who is 85 yrs old and remembers living in council property growing up and if you did not pay your rent you were evicted to an army barracks.

The ironic part of it is that council tenants can rent a room in their property not need to pay tax on it, not affect their welfare benefits and then don't pay their rent. Seriously you could not make this stuff up.

The thing is too rent on social housing is a fixed (quite low) percentage of your income. So no matter how small your income is, your rent will never be unaffordable. Its an extremely fair system.

Anyone not paying it is absolutely taking the piss given that. They should be turfed out in favour of someone who'll at least appreciate what they've been given and follow the terms of the contract.

have the people who thought interest rates could defeat supply figured it out yet?

How has this article got anything to do with your post? Have I missed something

More like jumping ship before the real big news breaks that would see him be given the boot anyway.

They're 500k in Shankill & Greystones, they were 475k in Sea Gardens in Bray I recall before it became POA. Stillorgan, Goatstown, Malahide and Ballsbridge all much higher of course.

Adamstown is 420-450k, I don't think it'll get much cheaper than that for Dublin.

So my point was this, vast majority of apartment building is in Dublin. The quoted figure for delivery was 460k, but based on what I can see on Daft I'm wondering where is that even being achieved?

All told, the costs really need to be scrutinised and how they can be brought down. Otherwise it's frightening to think where this ends

2 bed apartments in south east dublin/DLR can easily sell for 450k - 500k.

And that isnt in Ballsbridge or Dalkey.

So looks like we are in for a prolonged period of relatively high inflation at 3-5% for the next 10 years. It is the only way the major western central banks can keep the show on the road by inflating the unsustainable debt away through financial repression like the post world war 2 era.

Buy a house or land if you can at all now, let inflation for the next 10 years sort it out.

I think we are in a situation similar to the 80s where it seemed disastrous and hard to get an affordable house/ repayments (rates 19% back then) but in years to come it may well have been the perfect time to buy a house land hard assets.

I cannot see a deflationary crash coming the world central banks will not let that happen.

#inflatetheshiteoutofit

I'd imagine that was also the case in 2019, yet the number of 18 to 34 year olds living at home has jumped from 45 to 68% in 4 years.

Consider also that far more of that demographic are leaving the country now than in 2019 as the housing and rental markets have significantly deteriorated in that time. Expect it to deteriorate further as housing targets are inadequate and likely to fall short. Lack of action on dereliction and Airbnb s further compounds the issue

As a nation it's nothing short of shameful.

Thats because they cannot or will not believe that the era of world peace and globalism is over. That’s what anchored inflation down, the anchors chain has broke.

The ‘experts’ cannot say this even though they know it to be the case as it would raise inflation expectations even more so of course they will not state the obvious and instead give predictions of something else other than that to appease the markets and try and control the narrative/expectations.

The EU are also mandated to keep inflation at 2%

Did the people you consider as giving 'serious predictions' predict the inflation that resulted from the monetary policies introduced in response to COVID?

A good few properties coming on stream the last week. Things were pretty thin the last few months. Even compared to other years with those months.