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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: 75,222 ✭✭✭✭L1011


    Won't necessarily increase the audience, though. They may also decide to match the early 90s with high Anglicanism and allow women; but with the same result.

    They're absolutely chronically short of priests to preach in the mega-churches; but they're also rather short of attendees outside of ceremonies.

    Anyway, while there will definitely be a few more large sites coming up for sale from this; its about as reliable a source as waiting for/expecting random factories to close down.



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


    The poster you're claiming of "having a chip" made quite a reasonable / logical suggestion that theres a large amount of very underutilised, prime, central, land that could be used for senior housing to keep seniors living in their local communities. The only one responding with emotion has been you.

    If you don't think this outcome is likely I'd point you to the fate of Protestant churches in Ireland. We've had hundreds close in the 20th century, due to the exact same factors - prime land and declining attendances. The exact same thing will happen to Catholic churches in the 21st century. Demographics are destiny, they don't care about emotions.



  • Registered Users, Registered Users 2 Posts: 7,777 ✭✭✭timmyntc


    If you seriously think that CPOing churches up and down the country for apartment blocksis a realistic solution I have a monorail to sell you



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


    Nobody has suggested anything of that sort, though.

    The points made have been that the church land is prime, underutilised land, that would make a useful difference if it was used for housing tomorrow. But also that its politically unlikely to happen for another decade or two, unfortunately. But that it will happen in time, just as it happened to Protestant churches in Ireland for exactly the same demographic/geographic/statistical reasons.

    I don't think any of that is too controversial. The sooner the issue starts being talked about the sooner progress can be made on it too.



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  • Registered Users, Subscribers, Registered Users 2 Posts: 6,803 ✭✭✭hometruths


    A leading mortgage arrears campaigner has questioned why banks and vulture funds are not taking action against people who don’t make payments on their home loans.

    David Hall, of the Irish Mortgage Holders Organisation, asked whether people who are not paying and not facing repossession proceedings are being given a “free house”.

    David Hall questioning why banks are unable to repossess. You really couldn't make this stuff up.

    Perhaps he's finally realised the damage he's caused.

    “At the moment, borrowers in arrears don’t have to engage because there is no threat – that needs to change,” he said.

    He has played a bigger role than most in removing that threat.



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


    There's no emotion here, I'm saying there are way easier ways to get the job done. There's probably a hundred acres of waste ground in DCC, and a thousand derelict buildings.
    The fact it's even suggested hints there's something else going on, especially the reference to the redress scheme.

    Why knock down a church when thousands of single-story brick terraces are within walking distance from O'Connell St?

    The RCC has knocked it's own churches, the one in Finglas comes to mind, but I don't see the government CPOing church land.



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


    At a more basic level is the availability of land actually that much (in relative terms) of a limiting factor?



  • Registered Users, Registered Users 2 Posts: 21,325 ✭✭✭✭Donald Trump


    I don't get the sidetrack about the churches. With all the greenfield and brownfield and derelict sites about the place. Seems a random scapegoat.

    Far better to be taking action against the likes of

    https://www.google.com/maps/@53.3470768,-6.2519303,3a,75y,94.37h,107.91t/data=!3m6!1e1!3m4!1sUxoVSSYQtpNP57dNwHozNg!2e0!7i16384!8i8192?entry=ttu

    Than the much smaller church around the corner (which does look nice at least!)

    And that place must be like that for the past 20+ years at least. And it's not just the building - it is a big site. It is being used as a surface carpark (That said, I think there are relatively recent plans to put a metro related station close to there ………. but that is only very recent)



  • Registered Users, Registered Users 2, Paid Member Posts: 21,926 ✭✭✭✭Bass Reeves


    This Is totally outside the Irish Property discussion thread. It should be taken else where.

    Basically what the the chip on the shoulder orginally posted is BS. The percentage of land taken up by churches, is insignificant anywhere in the country compared to other vacant and underused property.

    As for Protestant churches, there is one near me that is only used for an odd funeral or a service every 2-3 months.

    As I posted elsewhere if this was proposed about an Islamic or Jewish place of worship it would not be tolerated

    Slava Ukrainii



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  • Registered Users, Registered Users 2 Posts: 4,885 ✭✭✭Roberto_gas


    So when do people think the crash will come ? Have been waiting for 6 years now. Properties crashed a bit in US, slowed down in UK but no respite in Ireland



  • Registered Users, Registered Users 2 Posts: 1,248 ✭✭✭JohnnyChimpo


    Literally nobody knows, but unlikely in the next couple of years (barring pandemic-level global disruption). I wouldn't suggest holding your breath or otherwise putting anything in your life on hold waiting for it to happen



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


    Why should there be a crash?

    There was no real crash in the US or UK, there was affordability issues since interest rates spiked. People are still paying more for houses in both those countries, unless you're a cash buyer.



  • Posts: 14,768 ✭✭✭✭ [Deleted User]


    Look back through this thread, there have been a few who predict it every year, someday they will be right and they will be saying “told ya so”.



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


    There aren't hundreds of acres of waste ground in prime town center locations around the country, though. That was the original posters point - that church land in town centers would be ideally suited for purpose built elder living locations, in the center of their communities.

    Discussing the building of much needed housing on currently underutilised land is a pretty core part of the Irish property discussion thread, I would think. A core belief expressed in this thread repeatedly is the Irish state is woefully bad at long term planning, and/or at engaging in innovative solutions for the housing market. Discussing, and planning, for the reuse of church land as it falls into disuse very much falls into something that should be done sooner rather than later.

    The town center land taken up by churches is not insignificant. There are almost 3000 churches around the country, most of them in prime locations, on significant parcels of land.

    Some Protestant churches remain yes, but the majority closed in the 20th century. Because they suffered from declining attendances, so were no longer viable. The land was better used for other purposes. As is now happening to the Catholic church in the 21st century in the exact same manner.

    If we had 3000 odd, town center, mostly dramatically underutilised mosques or synagogues, in Ireland the exact same thing would be happening. Its nothing to do with being "tolerated", demographics are demographics. When a religion is dying its dying. Policy making (in housing especially) needs to be based on real world statistics, not emotions.

    Ireland has also had plenty of synagogues closed and the land repurposed over the last century for the exact same reason as the Protestant churches for what its worth, because the number of practitioners has shrunk dramatically.



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


    I don't see it happening unless a major demand-destruction event comes along.



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


    From DCC "The City Council has carried out a vacant land study of the inner city that identified more than 280 vacant sites totalling more than 60 hectares of vacant land. More than 100 of these sites are in the city centre zoned area (Z5)."

    But sure let's demolish a church.

    Even thinking the housing crisis is a result of lack of space is ridiculous



  • Registered Users, Registered Users 2 Posts: 1,014 ✭✭✭Greyian


    What's always discounted by the people who endlessly proclaim that prices will drop, is that a drop at some point doesn't mean you're any better off.

    If you were going to buy in late 2006 and waited until 2009, it would have worked out excellently for you.

    If you were going to buy in 2000 and waited until 2009, even though prices were dropping for a few years in the run-up to 2009 you would still be paying far more than you would have if you'd just bitten the bullet in 2000.

    There's a lot of people who have been saying prices will drop for the past 6 or 7 years. The CSO residential price index (for all property types, national) in January 2018 was 127.4 (Base 2015 = 100). The CSO residential price index in January 2024 was 177.0. So anyone who has been holding out for 6 years because "property prices will fall eventually" would need a 28% drop just to get back to where prices were originally, and would have been paying rent in the interim (while they'd have been paying down their mortgage if they'd bought).

    It's only of any use if you can accurately predict that prices will decline relative to the date on which you make the prediction, not just that there will be a decline between 2 undefined dates in the future.



  • Registered Users, Registered Users 2 Posts: 1,014 ✭✭✭Greyian


    Seeing as there hasn't been a large increase in emigration relative to historic norms, I don't see why there should be an automatic assumption that people are leaving due to lack of/price of rentals as a primary reason. People have always left, during both good times and bad, so trying to say it is a specific part of our current society causing it is reaching. The fact we have close to 70% of 18-34 year olds living with their parents would also suggest ultimately that young people will suck up living with their parents if they think there can be a positive outcome. If they didn't see any light at the end of the tunnel, why would any of them still be here? I'd reckon, from people I know, that a lot of people living with their parents after college (well, a few years beyond college, where they've settled into good jobs) is because they know they'll be able to buy a property far sooner by living with their parents and saving more vs. renting.

    Do you have any statistics that back up that we are losing our well trained graduates for ~25% of their working life? Of the people I know personally who have emigrated in the last decade, ~80% of them were gone for 2.5 years or less, a single person was gone for nearly a decade (and travelled around the world for half that time, and worked quite menial jobs for most of the time) and 4 are still abroad. Of the 4 still abroad, 2 went together as a couple and are planning to return by the end of the year (left in late 2022), while the other 2 separately moved abroad for relationship reasons. 1 of the 2 has met someone new while abroad and is planning to return in a year or two, while the other person still abroad with no plans to return left Ireland because they were in a long-distance relationship and moved to live with their partner (in their partner's country).

    I'm also against rent controls, and as you say, it'll take years to fix if they are removed. In the short term, removing them will do more damage than good (as it'll allow landlords to increase rents instantly, but will take far longer to tempt new supply into the rental market). The biggest issue with rent controls is that once they've been brought in (even if they get removed again), they permanently change the dynamic of the rental market because any existing or prospective landlord will now they can be brought in or modified again.



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


    So you've just completely disproven your own point, 60 hectares is not "hundreds of acres" as you claimed.

    That aside, again, why are you talking about Dublin as if its the country? The vast majority of Catholic churches are outside Dublin.

    How many large vacant sites sit in the exact middle of towns and villages across Ireland the way a lot of the 3000 barely used Catholic churches do?

    You're being intentionally obtuse if you can't admit most churches are on prime land right in the middle of our towns, of which there is very much a limited amount available. Which is why the land would be so well suited to redevelopment as senior housing (or just high density housing in general).

    You've apparently had a visceral emotional reaction to the idea for some reason, but with mass attendances the way they are (and declining rapidly still) the repurposing of churches is going to happen, thats not even a question at this stage. Like I said, its happened to the majority of Protestant churches already, and the majority of Irish synagogues already. Catholic churches will be no different - the statistics are very clear that its a dying religion in Ireland, with a vastly oversized land holding for its requirements.

    The important thing we should be doing now is to start discussing what should be done with the land to ensure its best used to benefit local communities. Having a willing buyer/willing seller government purchase plan in place would be far better for this than having no plan, letting the private sector buy it, and turn it into commercial space or similar less beneficial uses. Theres a real opportunity here to help towns/villages that our governments over the next decade or two should be grasping.



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  • Registered Users, Registered Users 2 Posts: 3,619 ✭✭✭Timing belt


    if you’re point is about churches outside Dublin then I struggle to see your point as there is plenty of land that could be built on. Outside the major city centres shortage of land is not an issue if planning and services are well thought out.



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


    Read it again.

    To quote myself "There's probably a hundred acres"

    And there is over 140 acres according to the report.

    No need to get emotional.



  • Registered Users, Registered Users 2 Posts: 4,885 ✭✭✭Roberto_gas


    ppl could have made mullah investing that deposit/savings(if on low rent)in stocks 😉😉…but i know what u mean



  • Registered Users, Registered Users 2 Posts: 414 ✭✭ingo1984


    In the college I am attending as a mature student. They did a survey of first year students this year, how many planned on emigrating when they graduate? 69%/70% stated they planned on emigrating. That's simply shocking is that becomes an annual trend.



  • Registered Users, Registered Users 2 Posts: 5,036 ✭✭✭Villa05


    Seeing as there hasn't been a large increase in emigration relative to historic norms

    We need to be careful about using "historical norms“ when measuring emigration, as for the history of the state either the Housing or jobs market or both have been in a state of dysfunction.

    Both issues affect new entrants the most ie graduates.



  • Posts: 14,768 ✭✭✭✭ [Deleted User]


    How could full employment be considered dysfunctional? What has changed over the last 10 years is that MNCs offer high paying jobs which means that employees have more spending power to buy/rent properties. Also, there has been a shift in young people towards computer based careers and less need to emigrate for employment opportunities. This is not a bad thing, a lot of young people are emigrating because they want to, not out of necessity as their skills are transferable to other jurisdictions.



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


    whats dysfunctional is full employment with people paying 60%+ of their wages on rent if they are lucky

    whats dysfunctional is full employment with only 10k houses in the country to buy



  • Posts: 14,768 ✭✭✭✭ [Deleted User]


    Are you forgetting we have gone from deep recession to full employment in 10 years, plus the highest population since the Famine? It is very unlikely that under any conditions that house building would have kept pace with that, never mind from a standing start.

    The housing need for our current population is the equivalent of building the same number of houses in Cork City, that isn’t going to happen in the timescale necessary.



  • Registered Users, Registered Users 2 Posts: 7,777 ✭✭✭timmyntc


    Even if it was inevitable it doesn't make it not dysfunctional.

    In a situation where MNCs are throwing money hand over first to hire in Ireland for roles and they can't find or retain staff because of housing availability, that is dysfunctional.



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  • Posts: 14,768 ✭✭✭✭ [Deleted User]


    BS.

    When is companies trying to hire more employees wrong? If you open a business, it is successful and you want to hire more employees, is that dysfunctional? Of course not. You can’t build houses at the same rate you expand your workforce. If you take on 20 people over the next couple of months, it is incredibly naive to think you can instantly build accomadation for them immediately to keep pace with business expansion.



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