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

Interesting data.

Amsterdam average salary is 800 euro higher, with rents basically the same.

Are personal tax rates a lot lower in the Netherlands?

I think my question is still unanswered. Which political party in Ireland would oversee more new housing built or a reduction in prices and costs.

Hopefully the extra cash put into the development plan will help, but we do need to get to 50k homes a year asap.

The Tariff impact is still to be determined, but I think the days of large MNC investment are now behind us.

Any material shift of MNC employment away from Ireland will bring the house of cards and house prices crashing down but lets hope we can avoid that happening.

What needs to be done is we need a rush build of modular homes (it the prefabs are good enough for our kids to go to school in then they are good enough for people to live in) these have a 50 years + shelve life. Get them built en-mass at a much cheaper price point than what any developer will do. Transition anyone who is on the housing list and in social homes and refugees into these and also allow renters to get in on them too and then when we have caught up with the current demand then we can build houses but keeping a good % of the new housing stock in under the Irish government's control so they can use it as they see fit and with out any pressure or the developers dictating price, taxes and incentives. Put manners on developers put a huge penalty on land that has not been built on over time so say first 2 years are free but if you have not got your act together and started to build in that time they must pay 10% (penalty) of the cost of the land in year 3. Then up that by 10% every year (so year 4 it becomes 20% penalty and so on) until they have built or sold the land on. This has been a huge issue that the gov have been done nothing to address it and the builders are licking their lips.

The housing crisis is so so bad. On local Facebook page huge money for tiny places. It just needs to be said. How can anyone afford these huge sums?

Also people with mortgage approval being outbid by big amounts. It’s beyond insane and people are desperately stressed by all of this. Does anyone in government actually care sbout what people are going through? There are real people desperately suffering. The I’m alright Jack brigade won’t care but loads of people are really suffering. It’s wrong.

Yeah, thats the way it is. The economy is growing faster than we can cope with. But the government wont admit there is a problem. We dont have the water, sewage, electricity to keep up with demand and its not an easy fix.

If those 500 Amazon jobs went ahead, where would they live? These are probably skilled jobs. A large percentage would probably come from overseas and need a home. David McWilliams has broken the taboo on this issue recently.

Nobody is wishing away jobs. But wishing for more housing isnt working either. Economic growth needs to be reigned in until we get infrastructure under control. We need breathing room.

What growth are we even talking about, the whole economy is completely skewed by US MNCs. If the economy is slowing then that means US pharma and tech are slowing hiring or cutting back. Then immigration can definitely come down and will have little impact on the economy.

I know no one wants to talk about it but let's be real, Ireland's whole economy is built of a handful of companies corporate tax receipts, not immigration or the domestic real economy, are what's keeping the country a float.

All of this is the same nonsense Pascal Donohoe came out in that clip on social media where he was asked about David McWilliams article on Immigration. The usual rubbish about a growing economy and GDP. Yet the reality is these grifters wasted so much free money they have been handed. Nobody in the media seems to be willing to talk about reality, which is we've completely squandered a windfall of coporate tax receipts, such a shame.

MNCs are only 14% of the workforce and that includes irish born staff.

Irish born represent the largest nationaility in the MNC workforce, so they arent coming here looking for houses.

A decrease in MNC investment or jobs isnt going to have any real effect to the immigration levels. Its not those workers that are coming here in big numbers.

You are correct that MNC workers pay for everything however. Almost 90% of our Corporation Tax and the majority of all our income tax and PRSI is paid by that small 14%.

MNC workers pay more tax than the other 86% of the workforce put together!

Dont forget that 40% of the labour force dont pay any tax at all, which places an even greater reliance on the MNC sector.

Wr need more MNC jobs, not less.

I think my question is still unanswered. Which political party in Ireland would oversee more new housing built or a reduction in prices and costs.

The no alternative card to policies that have bankrupt this nation already is getting a bit tired

Labour have been a substantial part of Government in the past. On all occasions they have left the country far better off than the mess they inherited often sacrificing the party for the betterment of the country. Do Ff/FG have these characteristics.

I fear it's too late as the lobbyists have total control yet again

Output of 35k is abysmal. It would be difficult to build less, excusing it was feat achieved last year

All 3 are under gov control and the process could be speeded up if the will was there

I agree modular can help solve the problem, but do we really see modular homes at scale navigating Ireland's planning and objection framework?

"Irish born represent the largest nationaility in the MNC workforce, so they arent coming here looking for houses."

This is completely incorrect. Approx 70% of Google's staff in Dublin are non-Irish for example, and its largely the same across most tech MNCs. I've worked in a few and we've never once had a majority of Irish in any one of them.

Huge numbers of people move to Ireland to work for MNCs, which is why housing is the number one issue in hiring across most MNC sectors in Ireland currently.

You said "they[MNC staff] arent coming here looking for houses."

Which is just completely factually incorrect - when 70% of staff are non-Irish in Google, that alone is thousands of people who've moved to Ireland and had to find housing. Nevermind the staff of every other MNC on top.

Importation of both EU staff, and increasingly non-EU staff on work permits, by the tens of thousands a year is a huge factor in our housing crisis.

Importation of both EU staff, and increasingly non-EU staff on work permits, by the tens of thousands a year is a huge factor in our housing crisis

On the contrary this phenomenon was the missed opportunity to prevent the housing crisis. Again we started this cycle with a significant oversupply and the majority of these jobs are well flagged in advance. The failure to keep up with the demand is astonishing, bordering on economic treason

The taxes raised have been off the charts and should have been spent on the infrastructure required to maintain/expand the investment.

Someone recently (maybe on another site) mentioned the security staffing at the games in crime park/aviva all being foreign, I noticed this last year, the part time work is being taken up by those who are doing everything they can to qualify for their mortgages. Working 2 jobs is normal if your main salary doesn’t get you over the line. Those with the right mindset who are capable and determined are getting to where they want to be. (Corrected it was Aviva, apologies)