Then the job would be oxo. I'm not sure the policy makers can fix much. Me thinks they've ended up with Father Ted's car. It will probably fix itself over time as people have fewer kids, later in life, and the population stagnates. I've advised my kids to try to marry an only childWe need to increase supply and reduce the cost of providing that supply.
Increasing supply in a normal market will reduce cost. We already have the highest levels of social transfers in the EU so I don't think inequality is a problem. We just have to tax capital a bit more and tax labour a bit less.There are 2 separate points here. 1) increasing supply of housing, 2) dealing with inequality.
Ramping up supply will help some people, it doesn't deal with the broad inequality. Just because more people own doesn't mean the gap between the well off (owners) and less well off (tenant) is any way reduced.
As for dealing with the inequalities a combination of taxes (on owners) and/or subsidies (for tenants) would go some some way to leveling the field.
It certainly worked in averting a looming crisis in the 1990sI agree that homeownerhip isn't the glorious panacea to a housing crisis
I live in a cosy, warm and structurally sound house built around 22 years ago for circa €100,000. It would be illegal to build the same house anywhere in Ireland today. That's crazy.I'm not sure lowering building standards does anything in the longer-term. We want to avoid building the tenements of tomorrow for the sake of a short term fix.
Vastly more will be spent on the consequences of the housing and homelessness crisis.We don't have a great track record of meeting standards at the best of time and a considerable amount of construction resources will be spent fixing the problems of previous builders over the next couple of years.
Because, more than a decade into this ever-worsening housing crisis, during which time almost nothing has been built, we can't afford to postpone corrective action any longer.I know that the incentives to build tomorrow will be more than they are today, so why not wait to build.
Purpose-built new towns normally equate to ghettos.Build a new purpose-built town in the Midlands with a high-speed rail link direct into Dublin City Centre. Cap the price of the properties to suit the proverbial “nurse and the guard”.
Agreed. And if you set a low price, they won't be desirable and you place a ceiling on the type of place it will become socially.Purpose-built new towns normally equate to ghettos.
Who'll build it? Our construction sector workforce is still more than 30% lower than it was 20 years ago, despite our population being 20% more people in the country, and the construction sector is just as labour intensive, wasteful and incompetent as it was then.Build a new purpose-built town in the Midlands with a high-speed rail link direct into Dublin City Centre. Cap the price of the properties to suit the proverbial “nurse and the guard”.
And contributed to a different crises a decade later.It certainly worked in averting a looming crisis in the 1990s
Because, more than a decade into this ever-worsening housing crisis, during which time almost nothing has been built, we can't afford to postpone corrective action any longer.
What gets me is the notion that this is somehow a uniquely Irish problem. Housing affordability, a shortage of social housing and price to income multiples are a problem across most of the developed world. I see it as a consequence of the necessary response to the 2008 crash where we flooded the world with new money and the longer term effect of automation and AI on production and productivity where more wealth creation is done by capital so less of the share of created wealth is retained by labour.It certainly worked in averting a looming crisis in the 1990s
I live in a cosy, warm and structurally sound house built around 22 years ago for circa €100,000. It would be illegal to build the same house anywhere in Ireland today. That's crazy.
As for your 'tenements of tomorrow' cliche, I guess you don't know what a tenement is?
Vastly more will be spent on the consequences of the housing and homelessness crisis.
Because, more than a decade into this ever-worsening housing crisis, during which time almost nothing has been built, we can't afford to postpone corrective action any longer.
not if it is done right, I'm no fan of Milton Keynes and it's numbered roundabouts and roads but I know people who live there and love it and it does seem pleasant if a bit soulless.Purpose-built new towns normally equate to ghettos.
No it didn't. It was the panicked decision of the political class in 2009 led by the sadly dying Minister Brian Lenihan to constructively outlaw new housing building and investment that turned a temporary crisis into a permanent one, now mutating into a full-blown disaster.And contributed to a different crises a decade later.
Best way to avert this is not to wait at all. Stop the procrastination and solve the problem now. If we have to wait for cross-party support, we'll be here til doomsday.This comes back to credibility of policy. If a builder knows they'll get better government supports tomorrow (and probably higher profit) why not wait. If we had a cross party agreement on an a single approach it might encourage more construction.
San Sebastian is the polar opposite of a purpose-built new town.not if it is done right, I'm no fan of Milton Keynes and it's numbered roundabouts and roads but I know people who live there and love it and it does seem pleasant if a bit soulless.
Likewise look at the continent and places like San Sebastian where there has been significant new build of appartment blocks in recent years but the ground floor are retailers and businesses, there is a playground or play area for kids within a couple of minutes walk of each block, no shortage of schools etc.
we need to build communities, not houses
It's only a global phenomenon because governments are copying each others' actions with similarly negative results. George Osborne and more recently Michael Gove have at various stages introduced into the UK the same policies that wrecked housing builds and investment in Ireland from 2009 onwards. The UK are therefore now heading in the same path as we took a decade ago. It won't end well there either.The idea that the government of a small democracy which is structed to have strong Parliaments and weak Governments, and which is one of the most open economies in the world, can somehow fix the problem is ridiculous. The most they can do is mitigate the impact of this global phenomenon and if you look at the data they've actually done a relatively good job of doing that.
Can you expand on that?It's only a global phenomenon because governments are copying each others' actions with similarly negative results.
The question is how do they do it.It is an Irish government that will ultimately address and resolve the Irish housing crisis.
I already have, see my last post above.Can you expand on that?
See my first post in this thread.The question is how do they do it.
I already have, see my last post above.
See my first post in this thread.
Who'll build them? We don't have that vast pool of cheap Accession State labour this time around.Very easy.
1. Build loads of more houses and apartments for rental and owner occupier use.
Get rid of the Levies but we need enforcement of the regulations and the State sector is useless and inefficient at doing that.2. Dramatically cut building regulations and levies back to early Celtic Tiger era levels.
As long as ribbon development houses have to pay the full cost of connections to utilities such as eater, sewage, electricity and broadband.3. Do likewise with planning restrictions.
Will that work?4. Cut CGT on residential development land to 10% for a 3 year period.
Good idea. I'd also ban any reassessments for Rates for 10 years for shops etc that convert their upper floors to residential units.5. Reintroduce a form of section 23 relief for new properties built or restored from dereliction within the same period
6. Ignore the naysayers and objectors.
Areas turning into ghettos is not a result of the properties, it is a result of the residents.San Sebastian is the polar opposite of a purpose-built new town.
The relative success of Milton Keynes does not contradict my point that these places normally equate to ghettos.
We didn't have them in 1997-2001 either and things still worked out fine.Who'll build them? We don't have that vast pool of cheap Accession State labour this time around.
No, we need fewer regulations.Get rid of the Levies but we need enforcement of the regulations and the State sector is useless and inefficient at doing that.
No. I want to encourage building, not discourage it.As long as ribbon development houses have to pay the full cost of connections to utilities such as eater, sewage, electricity and broadband.
No idea. A variation of it worked wonders last time round. It's worth trying. The beauty of it is that if it doesn't work or is a flop, it can be reversed overnight.Will that work?
Or even their lower floors.Good idea. I'd also ban any reassessments for Rates for 10 years for shops etc that convert their upper floors to residential units.
Completions went from 35.5k to 47.5k during that time with a growth rate that was consistent since 1991. The big increase in completions came after 2001. We've a million more people in the country, our construction workforce is still 30% below the peek and the whole global economy has changed.We didn't have them in 1997-2001 either and things still worked out fine.
I'm fine with that but we need to enforce whatever ones we have. That requires State employees and they always slow things down.No, we need fewer regulations.
But that's a massive subsidy from the State to the home owner. That constitutes very bad value for money.No. I want to encourage building, not discourage it.
True.No idea. A variation of it worked wonders last time round. It's worth trying. The beauty of it is that if it doesn't work or is a flop, it can be reversed overnight.
Yep.Or even their lower floors.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?