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

Its not hilarious this is what is going to cripple us as a nation when the sh1t hits the fan we have too many people pleading the poor mouth and at the same time we are hallowing out our tax base and actively trying to take people more and more people out of the income tax bracket not to mention the whining from restauranters and hoteliers looking for a permanent drop in VAT. If Trump does even 10% of what he is planning with regards to MNCs (remember its 10 companies that pay the vast majority of our corpo tax even swaying 1 or 2 of these could give Ireland serious issues) we could see a similar issue to 2008 with regards to how we had got addicted to stamp duty and how the government decided to use this uncertain tax base to pay for forward day to day spending and this will impact on property as all of the government supports including those for buying and for giving free gaffs will have to be cut to the bone. I seen one case down in Youghal where a family of refugees who were in a hotel for 3 years had been given their marching orders as they need the hotel to house a mass of more refugees. Now the story is in a nutshell whats wrong with Ireland

The Ukrainian family playing the poor mouth as they are being kicked out besides the fact that they have been put up and housed for 3 years for free - more than enough time to assimilate and find jobs (100% employment) and pay their own way

The unvetted lads coming in - This is our governments lack of scrotum and letting anyone and everyone in which is an absolute joke and as a people we seem to have no say in this its been crammed down our throats with no vetting and no appreciation that the majority of our public services are not fit for purpose and cannot handle the current demand.

The hotel owner - Greedy little pig who gets more money from the new contract so its better for them and then they will be whinning about the VAT rate out of the other side of their mouths when and if they ever get back into renting their rooms out.

The tax payer - On the hook for the ukranian family for the last 3 years and after pleading the poor mouth will be housed again on the tax payers dime. Also on the hook for housing and other perks for the unvetted lads and also on the hook to pay the hotelier in question.

Anyone working here under the age of 30 should run Ireland is no longer a country that supports its own. People working and trying to do the right thing here is being taxed and costed out of living here - I sound like a nationalist here and I am far from it, but we importing issues and vast numbers that our system cannot handle, the money is there but the government seem to prioritize ridiculous areas like security huts, bike sheds, fixing the gates in the park for 1million and other extravagant spending instead of pumping the money into infrastructure and the sad issue is our government with depts like the OPW cant be trusted to spend the cash wisely they are like drunks at a strip joint making it rain. We also seem hell bent on exporting our youth with the best and brightest leading the way as its these people who have the get up and go and the will to find something better for themselves.

All I will say is keep an eye on Trump he is the one uncertainty that could bring the good boys in Europe to their knees.

https://www.msn.com/en-ie/news/other/it-s-terrifying-ukrainian-residents-in-cork-hotel-given-less-than-one-month-to-find-new-home/ar-AA1xgqVX

https://www.facebook.com/search/top/?q=youghal%20quality%20hotel

Above is the link where I got wind of people stating its unvetted males coming in. So I have replaced the unvetted males with more refugees in my post - as there are some comments in the section underneath where people are explicitly saying that unvetted males are coming in but not sure if they are from the far right or if they have any proof. So I don't know where they are getting their info from but the hotel is after getting a new contract (so more mula paid out by Jimmy and Joan Tax payer) to house more refugees so the hotel owner is getting more money.

https://www.irishexaminer.com/news/munster/arid-40930979.html#:~:text=Youghal's%20Quality%20Hotel%2C%20which%20was,million%20according%20to%20the%20documents.

I didn't leave out the part where they are paying tax - I attached the article its in the article. The question is are they net tax recipients or payers when all they get for free is added up and what they pay in tax is taken away as they are being housed for free and for 3 years that should of been more than enough time to get themselves their own private rental accommodation ye know like the rest of us mere plebs here trying to work and pay rent/mortgage while also being on the hook to pay for their rent as well.

The issue is and its like your right on queue - anyone who is trying to point to the fact that our public services cannot handle the current immigration system are called Xenophobes. Sure nothing to see here lets just continue with how things are sure what could possibly go wrong?

I'd kindly advise you to get your information from other sources than Facebook or the comment section on an article. Neither of these are trustworthy sources.

Stating it was xenophobic was based purely on you spouting hearsay without providing any evidence. Your "evidence" now is Facebook and a comment section, completely unreliable.

It is complete hearsay that it is "unvetted male refugees," you don't know who is being housed so could not say that was true, hence hearsay. A phrase often spouted by people with xenophobic beliefs.

I will criticise Facebook as it's not a reliable source of information, a very reliable one for misinformation though.

It is complete hearsay, just because a lot of people say it in a comments section doesn't make it true. It doesn't matter if they have sympathy or not, that doesn't surprise me on Facebook.

The Irish examiner piece is from 2022, unrelated to this new batch of refugees you are discussing.

I agree, as a tax payer I would like to see the government spending some money on the tax payers. I see nada.

Services and facilities are truly poor.

That aged well

Not whinging about anything just joining the dots that impact on our property market and how we go about implementing our immigration policy is a huge factor when it comes to the effects of supply/demand and cost of Irish property.

Yeah great good lads. Even when it was the bears I knew it was the immigants.

I presume it's a half arsed way of pointing out that there can be a system where a shortage means house prices go up. This can then be exacerbated by vultures who can outbid those who would live in that house. Given the lack of options, they then have to pay high rent to the vulture to live in that same house. This increased profitability then makes the above more attractive again and works as a feedback mechanism

An extreme analogy, not related to property, was Martin Shrekli in the US. He bought the rights to a particular drug and immediately jacked up the prices. None of the people who needed the drug could have afforded to outbid Shrekli for the drug. No company that would have bought it to manufacture it and sell it for a reasonable price could outbid him either.

Don't lose your collective shits. I'm only explaining the hypothetical concept that I think it is trying to put forward. Vis-a-vis effectively a system where those with the money can outbid you on something that you need, in the knowledge that they can then force you to pay a sufficient amount to them which makes it profitable for them.

"Wouldnt it be amazing to have someone like Trump"

Brilliant.

I always used to tell my English friends that Irish people are too smart to fall for con men like Trump or Farage, and judging by election results Irish people are.

But in the world of Boards.ie it's amazing how many fall so easily for these con men.

Thank god this place doesn't reflect Irish society in real life.

Don’t the rules of either thread (one here and one in CA) forbid discussion of impact immigration on housing?

There ain’t really a subforum to discuss the issue

You're missing the point. Farage is a charlatan, I will agree. Trump's background is also enough to raise serious questions. However, what they represent is a political hand grenade, and this is what fillball is saying.

That was the woke left housing market's fault.

You've asserted that immigration is a 'major issue' in the housing market and you tried to back that up by saying having someone like Trump here would be good here.

How/Why would it be good?

You're basically saying in your last point that the government has nothing to do with the housing market.

So what has immigration got to do with it?

The anti HTB posts always flag inflation as the over-riding reason why the govt should not extend the scheme to 2nd hand homes, but they don't point out the bridge that the scheme provides for first time buyers; many of whom, without the HTB scheme, would not be able to afford the property at all, even at the reduced, non-inflationary price.

The deposit is often the blocker for FTBs, not their salary or their ability to pay down the mortgage. Who wants to be trapped in a rent spiral when you know you can afford the mortgage payments, but you just can't save for that deposit AND pay sky high rents at the same time.

If the HTB scheme has a 5% inflationary effect on house prices but at the same time allows 1000s of young people to purchase their first home, I'd say the scheme is more than worth the price rise.

A lot of those young people would emigrate if they cant get on the property ladder; I am glad they are able to buy here and to stay here and the HTB scheme offers many people that opportunity to stay in Ireland, long term.