As the Central Bank takes 15 years to put in place 'Central Bank Guidelines' last mentioned in 1999. It was found then the Guidelines never in fact existed - this genius bit of work comes out with a 20% deposit not unlike Germany that we are busy collaborating with to see who can please them the most.
In Germany they have about 480 houses per 1000. So they have quite a number of houses to go around - in fact about 20% more than we have - we are somewhere between 400 and 420 per 1000. Germany has had low property price inflation; no great rental surges; no buying off the plans - add in all your other favourites about the Irish melt down and you may see Germany avoided all those as well - by having enough units. Fancy that!
When there are sufficient housing units it makes sense then to build in all these safety devices as the houses are at reasonable cost to begin with.
Not here - we simply do not get it do we? Get the statistics ironed out and accept that there is a serious shortage of housing units in the greater Dublin area.
Would the Central Bank ever for the love of the country establish a National Housing Steering Group to establish what needs to be actually done instead of launching a completely foolish uncoordinated piecemeal piece of rubbish when there are several other major elements not in place.
The Germans we are told do not like buying houses. Apparently they buy them and let them out to another and so on and rent from somebody else. Tax deductions all round and happy Germans. Yeah they don't like to live in their own house but then neither would I if I could rent with a serous tax deduction.
So would the Central Bank put on long trousers and LEAD the country on this debate? Sadly a 'do absolutely nothing at all strategy' sees house prices soar - every house owner thinks this is great -you can see the political attractiveness of brazening this out.
In Germany they have about 480 houses per 1000. So they have quite a number of houses to go around - in fact about 20% more than we have - we are somewhere between 400 and 420 per 1000. Germany has had low property price inflation; no great rental surges; no buying off the plans - add in all your other favourites about the Irish melt down and you may see Germany avoided all those as well - by having enough units. Fancy that!
When there are sufficient housing units it makes sense then to build in all these safety devices as the houses are at reasonable cost to begin with.
Not here - we simply do not get it do we? Get the statistics ironed out and accept that there is a serious shortage of housing units in the greater Dublin area.
Would the Central Bank ever for the love of the country establish a National Housing Steering Group to establish what needs to be actually done instead of launching a completely foolish uncoordinated piecemeal piece of rubbish when there are several other major elements not in place.
The Germans we are told do not like buying houses. Apparently they buy them and let them out to another and so on and rent from somebody else. Tax deductions all round and happy Germans. Yeah they don't like to live in their own house but then neither would I if I could rent with a serous tax deduction.
So would the Central Bank put on long trousers and LEAD the country on this debate? Sadly a 'do absolutely nothing at all strategy' sees house prices soar - every house owner thinks this is great -you can see the political attractiveness of brazening this out.