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

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Comments

  • Registered Users, Registered Users 2 Posts: 3,516 ✭✭✭Blut2


    Given we currently have full employment, and full construction employment at that, and that we have a state with billions of euros of excess revenue every year, this needn't be much of a problem. The state could/should step in and use any spare construction capacity that emerges for the much needed building of social and affordable housing units. Get some of the 60,000 households on HAP off of that and save taxpayer euros in the medium/long term.

    But given the housing policies our current government has used to date we'll probably instead just get more tax breaks for builders or FTBs in an attempt to attract in more private sector money. They've proven completely allergic to the state actually building.



  • Registered Users, Registered Users 2 Posts: 4,886 ✭✭✭Roberto_gas




  • Registered Users, Registered Users 2 Posts: 2,620 ✭✭✭combat14


    the time to do that was 10 years ago - now the properties are simply poor value and way over priced - hence the drop in construction despite full employment and higher prices



  • Registered Users, Registered Users 2 Posts: 5,856 ✭✭✭BlueSkyDreams


    The govt dont want to get involved in building houses, nor do the councils want to manage properties. Look at the rent arrears they all accrue..

    1 in 3 DCC rental tenants are in arrears.

    But govt should be forced to build social and affordable homes and leave the private market to do its job and find its own price point - which would be much lower if the govt didnt keep interfering and removing stock from private ownership/rental, in favour of social housing.



  • Registered Users, Registered Users 2 Posts: 2,620 ✭✭✭combat14


    and now after 10 interest rate rises mortgage arrears are rising too



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  • Registered Users, Registered Users 2, Paid Member Posts: 2,991 ✭✭✭PommieBast


    Not sure about 2014 given gov't finances but that excuse was gone by 2017.


    Any idea how much of what they are now buying is former NAMA stock?



  • Registered Users, Registered Users 2 Posts: 3,516 ✭✭✭Blut2


    My point wasn't that the government should buy properties from private sectort developers. Thats what we're currently doing, and its both a huge waste of government resources and unfair on people trying to buy their own homes now competing with the government using their own tax euros to bid against them.

    My point was that if the crash in private sector investment in the construction sector results in any spare capacity that capacity should be used by the government to build long overdue social/affordable housing units to reduce the large numbers on very expensive HAP.



  • Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭Emblematic


    @BlueSkyDreams ,

    "But govt should be forced to build social and affordable homes and leave the private market to do its job and find its own price point - which would be much lower if the govt didn't keep interfering and removing stock from private ownership/rental, in favour of social housing."

    There was a discussion about this a while back. The problem is that it is impossible for the Government or a State agency to build homes without some interference in the private market. The agency tasked with this work becomes another competitor for land, labour and materials pushing up prices for private buyers just as if the Government were buying direct from private builders.



  • Registered Users, Registered Users 2 Posts: 350 ✭✭SpoonyMcSpoon


    Higher prices equalling higher supply is exactly the conclusion from that report. Therefore, as a corollary, lower prices does not necessarily mean lower supply and so it is consistent to target increased supply of housing and lower prices. One of the main opposition parties was ridiculed for calling for such an outcome recently but based on recent political events, that opposition party’s policy may be one we all need to familiarise ourselves with very soon!



  • Posts: 3,330 ✭✭✭ [Deleted User]


    The state could CPO churches around the country, for a minimal fee and tell the church that this is in lieu of the redress scheme.

    Knock down the church and build "retirement apartments" on the land. These can be built high because the church steeple or belltower sets the height standard.

    Have an on-site nurse, small dog park, communitu garden area, coffee shop and other amenities for the occupants. Make the place attractive to move to.

    Only allow the units to be rented, on a lease for the remainder of the tenant's life. Give the tenants security of tenure.

    This would allow small retirement villages to be built across the countru in local areas, which may encourage local residents to downsize without having to move to an area they are unfamiliar with.



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  • Registered Users, Registered Users 2, Paid Member Posts: 21,927 ✭✭✭✭Bass Reeves




  • Registered Users, Registered Users 2 Posts: 3,516 ✭✭✭Blut2


    Its extremely practical/logical/morally reasonable, and would be a far better use of the land for local communities than letting it go to waste as church attendance numbers fall drastically every year. And I'd guess it will almost certainly happen at some stage in the future. But unfortunately I'd guess we're 30 years away from having politicians brave enough to do this.

    It'll probably take the Dail being majority people born after 1990 or so, who were raised relatively free of the church, before it'll happen.



  • Registered Users, Registered Users 2 Posts: 5,699 ✭✭✭Padre_Pio


    I mean, you're saying churches have no importance beyond a place of worship.

    Sure knock down Newgrange and build a load of flats on the Hill of Tara while you're at it.



  • Registered Users, Registered Users 2 Posts: 5,856 ✭✭✭BlueSkyDreams


    And thats ok, but leave the private entities to build private homes.

    Its obviously fine to have a Part 5 social/affordable allocation, but the current approach of stealing whole apartment complexes in the most expensive parts of the country for 100% social housing is just wrong.

    The developments the govt do build/finance should include affordable and cost rental, not just social houses for people on no or low incomes; We need to house the nurses and teachers who cant afford private rents but earn too much for social housing income limits.



  • Registered Users, Registered Users 2 Posts: 176 ✭✭Eclectic Econometrics


    There's the added bonus of having a graveyard nearby.



  • Posts: 3,330 ✭✭✭ [Deleted User]


    For me, having numerous vastly underused churches on large land banks, particularly in urban areas, is rubbish and the land could be repurposed and put to much better use.

    A church in finglas has already brrn approved for downsizing, to make way for badly needed accommodation.

    I can count 6 churches within a 1km radius of my house in Dublin 5, 2 of which are on huge plots of land. Times have changed and there is no requirement for this number of churches in the area, but the area is crying out for accommodation.

    Also none of those 6 churches have a graveyard attached, as per one comment above. And as to building in Newgrange, there is a vast difference, never mind the fact Newgrange is in the middle of nowhere.

    Anyway it won't happen, just an idea to locate land in overpopulated parts of Dublin that could be put to better use.



  • Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭Emblematic


    But the problem is these private entities need those same resources. So if councils and state agencies are directly building houses then the private firms will be slowed down and output will be reduced.

    Also, I don't think apartment complexes are stolen from developers. I'm pretty sure they are paid for.

    You are right that it can't just be social housing. The solution is to increase overall production of housing units across all sectors, a complex long-term task. And of course, you have the objectors and those who stand to lose if the housing problem is solved putting a spanner in the works whenever they can.



  • Registered Users, Registered Users 2 Posts: 3,516 ✭✭✭Blut2


    There are 2,646 churches in Ireland. A small minority of them (like the major cathedrals) have historical and architectural significance like Newgrange and should be preserved, absolutely. But the vast majority have about as much cultural importance as a local community hall.

    Mass attendance, and the number of priests in Ireland, have both been on a continual decline for decades because the Catholic church is dying in Ireland. At some point in the near future the use of prime land in the center of communities for large, empty, unused, buildings will have to be reassessed.

    If there was a hockey stadium on a large plot of land in the center of a town, that was only ever 10% full, that very few people from the town attended, and was rarely in use, would you object to it being put to better use? Because its the same broad problem facing churches in years to come - underutilized prime land at a time of housing scarcity.

    80% odd of churches will likely be repurposed to better use for the people and communities who actually live near them. Purpose built senior housing as suggested above would be one of the better uses of the land.



  • Registered Users, Registered Users 2 Posts: 5,037 ✭✭✭Villa05


    Yes go after property that is currently used rather than the many buildings sitting idle and falling into disrepair.

    Our church has a community centre that operates as a creche Monday to Friday conveniently located beside the primary school with 600+ students. and a senior citizens home which unfortunately has been sold into the private sector



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  • Registered Users, Registered Users 2 Posts: 4,886 ✭✭✭Roberto_gas


    There are vast empty lands ffs..where did church come into the mix on this thread



  • Registered Users, Registered Users 2 Posts: 1,487 ✭✭✭herbalplants


    • Friend of mine bought this 2 bedrooms house not in great condition really old needs all done including electrical but she is adding extra 2 bedrooms downstairs. So she got a builder to do all this work for 115 k. Out of 115k 13k is Vat only. So basically all this work for 101k. May I add this is in Dublin. So the whole house renovated upstairs and downstairs and add extra 2 bedrooms and one bathroom all in 100k. All included electrical, plumbing, treating floorboards, fitting kitchen, bathrooms.
    • I am scratching my head here as not sure how is this possible.
    • Also may I add she doesn't have a big garden so in this small garden plus what is downstairs (not a big house!!) he manages 2 more bedrooms and one bathroom.
    • He also promised to deliver the whole project in less than 2 months! One payment on 3rd of April and next payment in 2 weeks but promised he has 70% done by second payment.
    • Is there something I am missing or does it sound too good to be true? If this is true, this means Builders are not up to their eyeballs in work and prices have gone down.


    Remember the shills only get paid when you react to them.



  • Registered Users, Registered Users 2 Posts: 5,856 ✭✭✭BlueSkyDreams


    Not slowed down if councils employ their own builders and construction teams, therefore increasing the size of the construction imdustry.

    If they cant do that due to staff shortages, then fewer private developments will get built, bit at least the public know they will be delivered to the private market.

    Better 1000 private apartments are built and delivered to the private market than 1500 apparently private apartments are buit and 500 - 800 goto the social at the last minute when they near completion.

    Some complexes are not bought by the council. They are only rented & so still belong to the developer.



  • Registered Users, Registered Users 2 Posts: 5,856 ✭✭✭BlueSkyDreams


    We do see some religious lands being sold off for housing in Dublin. Its amazing how much land the religious orders actually have!

    The Ardstone development at Milltown Park in Milltown/Ranelagh is a prime example. Though the local residents keep objecting to this...is it going ahead now?

    There cant be a better location in the city for new apartments for professionals, yet the locals complain they will disturb the bats or overpopulate the Luas etc.



  • Registered Users, Registered Users 2 Posts: 5,699 ✭✭✭Padre_Pio


    Someone with a chip about the church.

    Take a look at Google maps and you'll see plenty of vacant lots in Dublin City centre. They're empty for decades. There's a half acre on Abbey street alone with nothing on it.

    There are also plenty of vacant buildings falling down around the capital.



  • Posts: 3,330 ✭✭✭ [Deleted User]


    Username checks out.

    Another user rightly pointed out the massive drop off in priest numbers and mass attendances.

    All lands and buildings that are underused should be closely looked at by the Land Development Agency, with a view to putting them to better use and building badly needed accommodation.

    Tolka Park would be another great example. The majority of that stadium is derelict, the location is amazing. Dalymount Park could easily serve Bohs and Shels as a groundshare. But somebody will be along to say it can't be done because of history or some other nonsense.



  • Registered Users, Registered Users 2 Posts: 5,699 ✭✭✭Padre_Pio


    There's plenty of land with zero buildings and plenty of land owned by the state.

    But if you want to destroy churches to build apartments then be my guest. You'd have an easier time building a 15 story in Phoenix Park.



  • Posts: 3,330 ✭✭✭ [Deleted User]


    I just suggested it's land that exists in every single suburb and town across the country. The most common reason that people don't downsize in Ireland to a smaller house or accommodation is they don't want to leave the area they've been living in for many years. In my area in Dublin5 I don't see many viable options for building purpose accommodation for the elderly.

    As you say, it will likely never happen in our lifetime. B



  • Registered Users, Registered Users 2 Posts: 75,227 ✭✭✭✭L1011


    While it would be near impossible politically to target under-used churches for redevelopment; I'd be very surprised if we don't see more closing and sold soon.

    Bluntly, the dioceses will want to get shift of the 50s-70s thousands capacity churches that exist in suburbia of the cities before they get added to the register of protected structures. They usually have tiny attendances (under 10% of capacity in many cases), are expensive to heat and maintain; and if they get listed, they become extremely difficult to demolish.

    Finglas West is only the first, I suspect. But it'll be the religions decisions as to where and what they sell/demolish; not anyone else.

    Actually, if someone in the various councils started making strong hints about listing them, that might speed up decisions. So there is a way of pushing it, just a bit dodgily.



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  • Posts: 14,768 ✭✭✭✭ [Deleted User]


    At some stage the Catholic Church is going to allow priests to marry. Priest numbers would increase if they did.



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