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

it’s what attracts the bidders that’s important.

Spot on, have a read of this completely botched HSE IT upgrade…essentially they went with the cheapest supplier and got what they paid for.

Then you have the children's hospital, the complete opposite with new cheques been written out every month.

I dont know if the guy who was getting 420k was worth it or not, but, 420k is nothing in the context of the billions we are spending, and if these jobs were done right we'd be saving multiples of this anyway.

The opposition jumping up and down on something minor like this rather than focusing on putting forward their alternative suggestions makes me sick.

Private second hand home is going to be more achievable than a new build, when the govt are frequently buying/renting new builds because they aren"t building social homes themselves.

Location - every single time unless there's significant work needed on the better located house.

Energy ratings are a bit of a con job in reality - and you'd be surprised how many issues you can have with a new A rated house that you won't have with an older house - particularily given some of the horror stories around how some building work is now done and the relative "unproven-ness" of some of the methods/technologies used over time. (People will argue with this opinon, thats fine)

Older houses can be made more energy efficient and if that is the only thing that concerns you, I'd be going for location all day long.

Depending on your circumstances - being close to a school (national/secondary/ideally both) is massivily important if you have or are planning to have kids. It's something you sometimes only really appreciate when you have kids but it's massive. This is one tick box in relation to location. You'll be ferrying kids to and from school for 8 - 15 years each or relying on public transport, be great if they could walk or cycle…….what kind of premium would you pay on this? You'd heat/retrofit a house with the money and time/hassle you'd save on transport in the first few years or pump a lot of oil into the house to have it toasty all winter long, and be doing your bit for the environment!

Same for closeness to work, ability to walk to shops/pubs/restaurants - obviously the house may not tick all the boxes location wise.

Not much point having a cheap to heat house if you have a 700KM - 1000KM commute every week or similiar.

Never mind the actual matureness of the estate (lack of management fees etc, larger green areas, larger house plots) that you often find in older and generally better located estates.

The reality is any new estate is going to contain some level of "social" housing (general) - this isn't necessarily a bad thing. There can be "social" housing in mature older estates also, either on rental scheme or indeed houses bought by the council - again not necessarily a bad thing.

I don't know the specifics at all so please disregard but the views will get old very quickly while the additional driving time will be a constant and if anything with further new developments in the area might only increase. If access to public transport isn't great, that's even more of an issue. Lucan (as far as I am aware is fairly well served by busses and there are several schools near the village, all with decent pedestrian and cycle infrastructure to them (just from memory) but that may be the case in the new area you are going to also.

The school thing would be significant for me generally but maybe not as important for others.

The man on the US$ salary might be more effective in solving our housing crisis

What’s going on? We are near the top of the market cycle where all rationality has gone out the window. You can’t say you weren’t warned.

Economist Dan O Brien has the nerve to imply that inward migration is contributing to the housing crisis. Surely he'll be carted off by the Goverment after writing this?

I presume you’re taking the mick. Oil prices are disturbingly low when measured against gold. 50 barrels of oil for one ounce of gold has only happened a handful of times in history and all of them just before financial crises.

The timing is important though, the yield curve has also inverted again. How many calls for recessions have we had with all these indicators. Anyway my view is that we're in a phase of weakening economic growth, and this slowdown is finally going to catch up with multinational earnings. We'll see this soon. bad news for Ireland, given how reliant we are on those firms—this means reduced investment, hiring freezes, and then job cuts. The cracks are already starting to show.

On top of that, tech remains heavily overstaffed. AI is accelerating fast and will make a significant chunk of roles obsolete far sooner than most expect.

Imo property could double in price again in the next 6-7 years .

At the moment a s/h houses is making roughly the same price as the peak prices if bulit in 2007 but you have to consider the cost to build the house could have rose 50% in price in the meantime with inflation.

I am in the market for btl ,i think prices after jumped considerbly in 6 months .Supply is not there with even less new builds forecast .Unless a worldwide recession kicks off with a major downturn prices are only going one way for the foreseeable

Be careful in believing that Trump/Musk (pump and dump merchants) are the Messiah for financial prudence

I find this whole Housing Tsar thing a bit bonkers to be honest, and I find it a bit desperate on the part of the Government.

I'm really struggling to see what this person could do that the Minister, Cabinet and statotory powers are unable to. That is unless they were to indtroduce new powers for the Tsar, supported by legislation (but that hasnt been mentioned anywhere).

It's kind of insane that this is where we're at with it; a big brew ha ha about an appointment that would be completly ineffective. That's the limit of the imagination to solve this.

If its the messenger rather than the message that's your issue. Here is an alternative view from centre right commentators (last 8 mins)

Agree that politics need to removed from housing This potential appointment does nothing to remove politics from housing.

Your views on negative input echo a bertie rant from the noughties. I have suggested multiple lower cost options to the current system. Basic logical rational ideas that significantly cut costs, but again nothing will be done unless it increases price

The "housing tsar" would be no different to a senior civil servant in the department of housing. Except we don't pay senior civil servants 440k

its a total bs appointment. The minister will still have final say on all proposals, so will still be accountable including in the eyes of the public. The tsar is not good optics, and hardly worth justifying a new housing job purely based on optics either.

As it stands we have one big report from the housing commission (remember them?) sitting on a shelf in the ministers office and he hasnt actioned any of it.

A report from an expert advisory group with measures the minister can follow to improve housing in the country - you don't get a better opportunity than that for a "fall guy", and yet he and his predecessor have not actioned the findings in the housing commission report, even though they could do so and be blameless for it ("I was just following the findings of the expert report")