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

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Comments

  • #27512
    hometruths
    Registered Users, Subscribers, Registered Users 2 Posts: 6,703 ✭✭✭hometruths


    https://www.boards.ie/discussion/comment/123574849#Comment_123574849

    McCartney's point is that by removing the government as the marginal buyer in the market, prices should fall which helps potential homeowner buyers.

    This is bluff. Developers only earn when they build, and development costs would adjust to reduced sales price expectations if the Government called it out.

    The idea that if taxpayers stop subsidising the property market nobody will be able to buy a house is just scaremongering which seems to have been astonishingly widely swallowed.



  • #27513
    Red Silurian
    Registered Users, Registered Users 2 Posts: 12,429 ✭✭✭✭Red Silurian


    https://www.boards.ie/discussion/comment/123575018#Comment_123575018

    All good ideas, not sure it will work though as you then create more people able to purchase which will drive the prices up

    https://www.boards.ie/discussion/comment/123575154#Comment_123575154

    Yes it might but if developers can make more profit from house building or renting they will build more



  • #27514
    Sierra Oscar
    Moderators, Category Moderators, Computer Games Moderators, Society & Culture Moderators Posts: 8,693 CMod ✭✭✭✭Sierra Oscar


    https://www.boards.ie/discussion/comment/123574810#Comment_123574810

    I remember Brian Cowen announcing a major plan for a mega city in Athlone back in 2010, Beijing-on-Shannon as it was affectionately known. This plan was hyped up by Ballymore Group, the same crowd who have outlined the same plan yet again 15 years later.

    Of course it was a load of PR rubbish that came to nothing, as this will too no doubt. Like we all know this is just a fluff piece to get Ballymore some cheap publicity, right? They’ve essentially just dusted down the same ‘plan’ from 2010. Such a load of absolute rubbish.



  • #27515
    hometruths
    Registered Users, Subscribers, Registered Users 2 Posts: 6,703 ✭✭✭hometruths


    https://www.boards.ie/discussion/comment/123576042#Comment_123576042

    Fine, then we should be giving them big tax breaks to boost their profits, not subsidising private buyers paying high prices.



  • #27516
    monkeyblues
    Registered Users, Registered Users 2 Posts: 20 ✭monkeyblues


    might be a bit morbid but like to see parents move into large one bed apartment complexes with a lot of amenities like bottom floor community center and rooftop sun. The children would inherit the house while paying the rent of the parents apartment. Any issues with the children paying the house would be sold while parents would be gaurunteed the apartment for life and inherit any profit.



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