Originally Posted by riclad
builders in dublin are saying the profit on building a house is too small,
if house is in the 250k range.
maybe builders could get tax credits fro building in citys where there is high demand but sites are very expensive .
Ignore that rubbish, of course they're gonna say the profit is too small. Pre-crash, they were raking it in and started cutting corners to complete builds and move on to the next big project. Then priory Hall happened, and all of a sudden the new regs came in, which meant they had to pay people to sign off on plans and builds (which they used to sign off on themseleve). Now, this 'extra expense' was eating into their bottom line.
Of course, If you compare profits from now to 2007 it looks bad. That's because the cowboys who were signing off on everything weren't been held accountable, so didn't give a rats ass.
I mean, take a look at the Home Bond scheme and what happened with pyrite. This is mandatory insurance which is factored into the cost of a new build in case anything goes wrong. Quarries were selling stone blocks and cement that was not tested if it was fit for purpose, due to pressure from the builders, so essentially everything built in Meath, Kildare and North Dublin within a certain time frame is a ticking time bomb.
What did the Home Bond crowd do?....... Refuse to cover it.
If I'm not mistaken, it is STILL mandatory to pay it today.