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cuckoo property

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Comments

  • #102
    Assetbacked
    Closed Accounts Posts: 2,969 ✭✭✭Assetbacked


    IAmTheReign wrote: »
    But you're ignoring the fact that for demand to drop the way you want it to we'd be looking tens of thousands of people out of work relying on welfare and tax hikes and wage decreases for anyone who still has a job.

    Property was cheap during the recession yeah, but that didn't mean the average person could afford it then either.

    Demand can drop by a slowdown in new jobs being created and supply picking up more of the slack. Alternatively, promote expansion outside of Dublin. Create a commercial rent tax for the institutionals. It's not about job losses.

    There's been no Dart, bus and Luas upgrade or expansion the past half a decade (other than closing a twenty minute walk gap between the Luas lines). This is another reason Dublin is really struggling to cope with the massive influx of workers in that time frame. Dublin is pretty much at full employment so we don't need to create new jobs as new jobs just means the population growing more and putting further pressure on this infrastructure.


  • #103
    maestroamado
    Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    Assetbacked wrote: »
    Demand can drop by a slowdown in new jobs being created and supply picking up more of the slack. Alternatively, promote expansion outside of Dublin. Create a commercial rent tax for the institutionals. It's not about job losses.

    There's been no Dart, bus and Luas upgrade or expansion the past half a decade (other than closing a twenty minute walk gap between the Luas lines). This is another reason Dublin is really struggling to cope with the massive influx of workers in that time frame. Dublin is pretty much at full employment so we don't need to create new jobs as new jobs just means the population growing more and putting further pressure on this infrastructure.


    To my mind the only solution to Dublin traffic is underground system but it will never happen as public services is sucking the tax take as we have too many and they are for the most part overpaid...


  • #104
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    maestroamado wrote: »
    To my mind the only solution to Dublin traffic but it will never happen as public services is sucking the tax take as we have too many and they are for the most part overpaid...

    private sector geniuses who communicate in sentence fragments without seemingly making a point aint gonna solve many structural problems either imi


  • #105
    maestroamado
    Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    Deleted User wrote: »
    private sector geniuses who communicate in sentence fragments without seemingly making a point aint gonna solve many structural problems either imi



    To my mind the only solution to Dublin traffic is underground system but it will never happen as public services is sucking the tax take as we have too many and they are for the most part overpaid...



    I did not do this proper first time...


  • #106
    Colonel Claptrap
    Registered Users, Registered Users 2 Posts: 945 ✭✭✭Colonel Claptrap


    Colonel Claptrap wrote: »
    Taking bets on the next boogeyman term coined by the indo. Vulture and cuckoo just don't cut it anymore.

    Scarecrow funds anybody?

    How about dodo funds? Making the irish property owner extinct. That could be an angle.

    Ostrich funds? Bury their head in the sand until the media storm blows over?

    Golden goose funds?

    My money is on woodpecker funds - those new timber framed houses are surely lucrative.

    Fowl play i say.
    Somebody at Indo HQ is clearly bored.

    Called it.

    Make way for the swallow. Caw-caaw!

    Ronan Lyons: 'Forget cuckoos - building firms are swallows, bringing us closer to summer'

    https://www.independent.ie/business/personal-finance/ronan-lyons-forget-cuckoos-building-firms-are-swallows-bringing-us-closer-to-summer-38104654.html


  • #107
    Ray Palmer
    Registered Users, Registered Users 2 Posts: 8,453 ✭✭✭Ray Palmer


    There is a solution to all the property and congestion. Get the working population into the areas that have very low occupancy rates. There are huge areas of Dublin where 3 bed houses are occupied by 1 person and some times 2.
    It would reduce the need to drive solving congestion. All the facilities for raising a family are there. Some schools are closing as there aren't enough students.
    It would also be cheap. Build retirement apartments in the areas so people can stay in the area if they choose. Even if it was only 25% of people it would make a massive difference.
    As it stands the property in these places will get split up as 2 rentals and maybe more. It is just slower and destroys communities.
    We dont really have a housing shortage it is a poor occupancy rate problem we have. Said this before, in 10 houses on the road I grew up on there are 15 people while before 50 people lived there comfortably.


  • #108
    maestroamado
    Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    /www.independent.ie/business/personal-finance/property-mortgages/how-state-policy-is-feathering-the-cuckoo-funds-nests-38109291.html

    Just seen this now...


  • #109
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    We are short of apartments and short of rentals.

    More unnecessary outrage from Charlie Weston and the Irish attitude of looking down on renting and renters as second class citizens.


  • #110
    maestroamado
    Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    Topgear on Dave wrote: »
    We are short of apartments and short of rentals.

    More unnecessary outrage from Charlie Weston and the Irish attitude of looking down on renting and renters as second class citizens.


    Do you have no opinion of your own?
    Everone's opinion valid, personally i believe in home ownership where possible.
    Let the vultuers live as they please.


  • #111
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    This is my own opinion. I now own my own house, and do also believe in home ownership where possible too.

    But I remember the indo pumping the property bandwagon back in the boom 10-15 years ago for all it was worth. It would never end, rent was "dead money" everybody had to "get on the ladder" and the "smart ballsy ones" were buying.

    My friends ended up in debt to their ears.


    People gave out yards on here and on social media about the "amateur landlords" and they wanted professionals. Well here they come, and they dont like that either.

    So excuse my lack of faith in Charlie Weston or any of his opinions.


    Iv also mentioned on here before that I think build to sell means advertising revenue to the papers and build to rent for one investor as a block does not. So I think they are influenced there too.


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  • #112
    Colonel Claptrap
    Registered Users, Registered Users 2 Posts: 945 ✭✭✭Colonel Claptrap


    Vindication?

    https://www.irishtimes.com/business/commercial-property/corporate-investors-not-the-cause-of-high-rents-report-claims-1.3949468?mode=amp

    "Institutional investors or so-called “cuckoo funds” are not the prime drivers of high rents in Ireland and may be key to unlocking further housing supply and actually reducing rents, a new report by stockbroker Davy has claimed."


  • #113
    beauf
    Closed Accounts Posts: 22,648 ✭✭✭✭beauf


    Not enough of them to have a effect on the market...yet...

    Media looking for click bait.


  • #114
    maestroamado
    Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    Colonel Claptrap wrote: »
    Vindication?

    https://www.irishtimes.com/business/commercial-property/corporate-investors-not-the-cause-of-high-rents-report-claims-1.3949468?mode=amp

    "Institutional investors or so-called “cuckoo funds” are not the prime drivers of high rents in Ireland and may be key to unlocking further housing supply and actually reducing rents, a new report by stockbroker Davy has claimed."


    That article says it all.
    We are led by the opinion of the stockbroker/media.banker.
    Us guys are living by their rules and the people we pay to
    protect our interests work with them.
    Yes we have a great country??


  • #115
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    maestroamado wrote: »
    That article says it all.
    We are led by the opinion of the stockbroker/media.banker.
    Us guys are living by their rules and the people we pay to
    protect our interests work with them.
    Yes we have a great country??

    Isn’t the State the largest purchaser of open market residential properties here?


  • #116
    maestroamado
    Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    I wonder is now a good time to re-start this chat.
    Clearly our Government are out of touch as this thread is two years old...


  • #117
    maestroamado
    Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    maestroamado wrote: »
    Personally i think this should be addressed at the planning stage as it is in other countries.
    If a corporation want to build 50,000 apartments let them do the development and sell or rent.
    There was something like 290 houses around Lepardstown sold to one of these funds.
    I wonder what was in the original planning application...


    This is two years ago....


  • #118
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Mod Note

    Already bring discussed here:

    https://www.boards.ie/vbulletin/showthread.php?t=2058182844

    Thread closed.


This discussion has been closed.
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