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

Any chance of correction was ironed out when rates start decreasing….in an ideal functioning market rate increases result in defaults etc and results in correction; but it did not happen in Ireland. That was the moment I realized this is not going to get any better and bought. Still don't agree with prices and quality of new builds churned out but that's what it is in Ireland.

That sounds a little too close to communism to work. Doctors would not be on 50k for long.

Low paid workers will always be low paid.

Renting is transient for the majority, they eventually move on to home ownership. A scheme like this makes housing affordable, less costly for the taxpayer, could even be revenue positive. Far more people can move on to home ownership as they are not in a situation where there rent is double the cost of a mortgage

Affordable housing improves Competitiveness in the economy driving further positive investment, as the economy improves, rents increase in line with wages

Its all about choices

Do you want property to be in a symbiotic relationship where it grows with the economy or do you want it to choke the economy eventually crashing both, as it has already done in the past in a world record setting property crash.

We are a democracy, the choice is ours

Thinking this one through, marginal tax rate is 50% and now rent is 30%. Not much incentive to get ahead!

The govt have generally met the official housing targets over the last few years.

We have one of the highest new build rates per capita in europe.

There is much more to be done but its not true to say that housing isnt being delivered.

Agreed, renting for life is not a FF and FG policy. We are a country of home ownership unless people feel we should pull up the drawbridges and let those renting just accept they will forever subsidise high house prices in the country. However, FF and FG are aligned in wanting to get people on the property ladder (as well as keeping those that are on the ladder happy), so until these parties fundamentally change their housing policies, Ireland is not a country for long-term renting.

To think about it; how many people around Dublin pay no more than €2000 pm for a mortgage on a 3 bedroom property as compared to renters who haven’t been able to pay anything close to €2000 for 3 bedroom places in and around Dublin for the beat part of a decade. This is intentional; to enable renters subsidise home owners and prospective home owners.