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

The government could help our supply and demand and cost issues here by doing the following with regards to property

1:) Stop vultures from bulk buying

2:) Put a temporary stoppage on people buying more than one property - 10 years

3:) Allow a 5 - 10 year period where people can sell their non resident property without paying CGT

4:) Stem the amount of people coming here for the next 5 - 10 years with the caveat of people who are in certain trades and who will contribute be allowed in like the Australian system.

5:) Ramp up modular homes and let those who are currently at refugee status and/or those looking for a gaff from the welfare system use these and allow the properties they were in come back onto the market.

6:) The government should stop bulk buying and competing the same market as those who are just looking to get on the ladder.

7:) After this put a higher tax on rents received and if a person has additional property they should be encouraged to sell with a sweetener at number 3 on the list here.

8:) Take away all subsidies for First time buyers - This has had an inflationary effect and property would fall if they were taken away

9:) Use it or lose it for developers - people who have property for planning should be forced to build or sell by upping the tax on vacant land with planning. 50% tax would see them get into line. No more carrot for these guys who are playing the violin when they are making a decent profit.

10:) Incentivize over seas workers in the building game by allowing come here work in the building game for 5 years without paying tax if they want to stay after that they start paying. If they stop working in the building game they pay tax.

11:) More focus on the building trades in secondary schools and within further education after an individual has done the leaving/junior cert)

12:) All current and future housing that are state owned - should remain there no more giving out cheap or freebies to anyone. When a person who needed to be housed is dead or no longer needs the social house - it should be given to the next person on the list and not remain in the family for ever more or sold to them on the cheap.

Some of this would be hard to swallow and some will take years to see the benefit but we do have a crisis on our hands and we need some real out of the box thinking before we see our best and brightest head off to other countries as Ireland is simply too expensive for the majority of those living here under 30s to buy or rent.

why amn't I getting a 30k HTB so I can afford a deposit to buy a second hand property?

Unfortunately for you because it does not increase the supply of available stock, incentivising developers in building new builds was one major reason why HTB was introduced as it made them a more attractive investment.

Also adding HTB to the second hand market would have a much greater inflationary impact on the market as more prospective buyers have larger amounts to bid with. There is no bidding process on new homes, you can either afford it with/without HTB or you cannot.

I don't agree with the FHS concept at all, literally the government making profits from their own flawed (perhaps intentional) policies, but disguised as helping people.

My partner and I did look into it and gave it some consideration as our budget was just below a lot of new builds, but we agreed it wasn't a sensible option at all and purchased a second hand that in the end was below our budget.

With the FHS extended to second hand homes it will immediately increase house prices.

The deposit advance was the carrot for buyers. The increased price was the carrot for developers.

Schrödingers price increase - it is both significant enough to stimulate more new builds construction but also insignificant enough to ever have negative price impacts on buyers!

Isn’t HTB different from FHS in that, even IF the price of the new build went up the full €30k (it won’t because not all potential buyers have access to the €30k, that’s the point of targeting the subsidy)…it doesn’t get added to the mortgage. It’s not a loan like the FHS.

Perhaps you’re referring to those buying without any grant but still getting the ‘higher price’

Well he didnt facilitate any new wars while he was there and was actively trying to stop conflict and that to me trumps (forgive the pun) the majority of other president's have done before him. He has already gone and put manners on both Israel and Hamas to give up the war over there…

Don't get me wrong I don't like the guy I don't believe in some/a lot of his policies but what I do admire is that he campaigned on different issues and took a definitive side and outlined how he was going to go about bringing change and now he is actively going to try and implement them ye know like what our shower of sh1ts in government should be doing. Now can you imagine Mehole Martin coming out and taking the biggest issue that was debated in Ireland and that being the housing crisis and him taking the the approach of doing everything he can to stop the housing crisis and actively perusing a policy for building much more housing and looking at other issues which have had a devastating effect on our housing such as immigration and taking the hard decision to stop people coming in until our housing and other public services have caught up? Not a chance the only hard decisions these boyos will be taking will be how much more money they will waste on the new curtains in the Dail pub and for anything that may be hard to do or may paint them in a bad light they will have a spin of "we will review" or "we will try to build" or "we will set up a group to look into that" yada yada kick the can down the road.

The one great thing about the recession back in the day was that the state was broke…it's hard to create chaos when your coffers are empty.

Weren't we told multiple times that completions were going to be up last year? A few on this thread also spouted that this was the case and that this trend would continue to increase. Going by the actual figures we have, we're getting further away from the 40/50k we need a year.

Thanks for letting us know that you and your child will soon also be migrants.

You literally said "and I am prepping to get out of the country when he is of age".

You're the one who has been spouting on for pages about immigration and your opinions on it's negative impacts on society. I want to discuss the housing market.

I replied to another poster about completions and straight away you're back to me about immigration. We disagree let's leave it there as I'm sick of this and it's just clogging up the feed for other users who I bet are also sick of it.