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

We also got it through a legal challenge so its not opinion its fact and once you met the criteria of space left after the build and your build with existing extensions cant exceeda certain square meter not sure if its 25/40 this we did this a good few years back now and there must be a definitive emergency exit to the side of the house oh and it cant be more than 3 meters in height. As I say you can build what you like and call it an office space/garage/gym room/cinema but what you actually do with it after it is is your call they are not checking it. Sure even your link states this clearly read it again

https://buildtech.ie/blog/what-can-i-build-without-planning-permission

So do you accept you can build a dwelling in your garden without planning? yes you can and are you telling me if a family decided to put a bed out in that room for someone to sleep in that the authorities would come over and knock it down can you show me one case where this has happened? We did go legal with it now we didn't say we were going to use it for extra living space we put a gym into it but what your not getting is when the dwelling is built you can do what you want with it the authorities are not going to be knocking at the door to knock it down.

This has been done before - much of Europe has apartments as a large share of housing stock, and Eurostar over/under occupation methodology is flawed. Having a separate kitchen and dining room, or living room and kitchen/diner counts as extra rooms which determines whether house is under/over occupied.

A 2bed house with separate kitchen/diner and living room would not be over occupied even with 4 people living in it.

A 2bed apartment with one large kitchen/diner/living space would be over occupied with the same 4 people living in it.

Open plan living makes the same floorspace home seem over occupied

Am literally in shock at how the property market is going at the moment.

West of Ireland, a 4 bed semi I sold back in 2015, has just gone on the market. Took me 9 months to sell at the time. It got an offer immediately of 200k more than I sold for. House was full of problems. The price being paid for a poor property is scary. Are we getting to that period again??

It's the location that you're looking in unfortunately. You may have broaden the search area greatly to get something half decent for 400k.

We paid 385k in Nov for a 2 bed house in Swords.

And that's just to keep up with current demand.

I've little doubt that the population will reach 6 million, of course…

I'm pretty positive that they are not as prices are expected to rise by a further 10% this year.

Even with some tariffs it won't crash the economy and it's odd that you'd want the economy to crash as it would negatively affect either yourself or family and friends.

Not if the economy collapses, they're not looking at those profits, if they lose jobs it will affect them also.

If you lose your job it will affect you, unless you're earning minimum wage, you would not be better off on the dole and HAP (not even guaranteed). Inflation wouldn't stop immediately, you'd have less money and cost of living continues to increase so you'd be worse off.

Even if you and no one you knew weren't negatively affected by it (extremely unlikely), hundred of thousands if not multiples more would be.

This is a very good point. If I were a young man and had the choice of either seeing things continue as they are or having it crash, I would probably take option two and take my chances. Things carrying on as they are means working with no hope of a meaningful life, but option two is at least a shake up.

Before anyone calls me out on this, I'm not wishing for crash. I do, however, fully understand why someone would.

A year or two ago I tongue-in-cheek suggested pretty much the same thing. Not because it was a good remedy but because government policy will never actually allow prices to reduce significantly.

The state will not do anything to arrest house prices and rents. Indeed, it (or rather the people who run it) will do everything to perpetuate growth, consequences be damned.

Property prices will only fall here when some external situation changes, and the state cannot interfere in the market directly.

There are a sector who the above is very attractive too. I see it all the time where you have "single" mothers in their late twenty's with either two or three children getting their "forever home". With waiting times of ten yrs or so the above would suggest people go on the housing list once they turn 18.

Why work/better yourself when the benefit system gives you a better standard of living than working/bettering yourself does?

If your 2,500pm apartment is paid for via housing subsidies and your dole money is on top of that, plus any other medical cards benefits and so forth; you are afforded a lifestyle that an average single income earner could not afford.

Ita not a lifestyle I would personally choose, but I sympathise with the unfariness for those working and stuck in their parents box room, with no hope of ever being able to afford to rent their own place.

On the flip side though, if you could get a job, it was easier to get started in life. My parents bought a house in Dublin 3 in 1988 when they were in their mid-20s, and they both had very ordinary jobs at the time. Mom wasn't even working full time. The same house today is 700k or so.

Now I'm not the type to claim that everything back in the past was better because it wasn't. However we should not presume that everything has improved in the last few decades either. Ireland has certainly become more wealthy, but that has brought with it a plethora of other problems, namely the growing inability of younger people to build a life.

It all comes down to housing costs and security.

Housing costs have distorted things so much. Indeed you can make a fairly cogent argument that someone on €40k (social housing limit) with their social house is more secure than someone on €100k who is in the rental market.

I do think 98% do want to work (look at the long term unemployment rate and our demographically skewed disability data and participation rates, there is a number who simply do not want to work). There is definitely a few who do not & don’t get punished for it. Arguably that is the price of living in a society so we have to accept it. I do wish it wasn’t denied by so many people on the left of politics. It is perfectly possible to be left wing and want all of the State intervention under the sun and also acknowledge there will be people taking the piss. They have no issue with calling it out at the other end of the spectrum with the rich, but deny this motivation at the other end of the spectrum. It is a bad way to communicate to the majority imo, the most successful social democratic parties in Europe have historically not shied from it. It seems to be a more modern thing.