Struggling to find value in today’s property market!
- Thread starter HyperionDayz
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niceoneted
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Its all down to basic economics. Supply and demand.
That certainly part of it. And then you had those who were looking at Dublin and were in the 400k market for 2bed or very small 3 bed suddenly realising they could get a 1600 sq ft in Kildare or Wicklow with plenty of room for a home office, less stress and hopefully only have to face traffic 2/3 times a week.
They swell the buyers in these commuter towns and have the budget to outbid.
According to Irish Times there's a whopper of a housing plan being released soon. Maybe with all the low cost money around, the gov just might be finally going to embark on a building plan that will take the steam out.
HyperionDayz
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It wouldn’t surprise me if Fianna Fáil/Fine Gael put in place a huge amount of funding for house building to try to fend off Sinn Fein in the next election; however I think the following should be taken into account:
- Has any government housing plan of the last 20 years reduced prices?
- Why are there over 200,000 vacant houses in Ireland? Why not impose a levy on them?
- Does it make sense that the state should be competing with taxpayers to buy houses?
- Does it make sense for an estate of 100 €500,000 houses to have 20 handed over to social housing or could they be sold and the funds used to house much more people in cheaper accommodation?
- Why does every article on the housing crisis focus on a 20-something complaining they can’t afford to buy a house in Dublin and rent is very high? Are there not 25 other counties to choose from?
- Has any government housing plan of the last 20 years reduced prices?
- Why are there over 200,000 vacant houses in Ireland? Why not impose a levy on them?
- Does it make sense that the state should be competing with taxpayers to buy houses?
- Does it make sense for an estate of 100 €500,000 houses to have 20 handed over to social housing or could they be sold and the funds used to house much more people in cheaper accommodation?
- Why does every article on the housing crisis focus on a 20-something complaining they can’t afford to buy a house in Dublin and rent is very high? Are there not 25 other counties to choose from?
I read the above statement possibly a little different than most,
FF/FG government policy is to the left of SF,
In other words, when you vote no1 FF or FG you are voting No 1 for People before Profit,
In other words, in the Dublin bay, south election FF and FG got 31% between them,
People before Profit got 2.7%
If you voted NO 1 James Geoghegan and NO2 Dierdre Conroy the policies you get from FF/FG Belong to Brigid Purcell who got 2.7% or 708 votes in total,
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HyperionDayz
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You’re right. Building houses for everyone is a left-leaning policy, but be in no doubt that the next election will be decided on the housing issue. SF is the most popular party in Ireland and will most likely form a new government after the next election. I’m not a fan as I have no interest in paying mega taxes, but they are incredibly effective at garnering the young vote as they keep promising to fix housing (which of course they won’t).
The Dublin Bay South By Election is an early assessment of how the government is performing i.e. FF/FG/GP not elected. This particular electoral district has the highest median income in the country at ~€66,000 and some very working areas. However I don’t think a second SF seat was ever going to happen.
The state can borrow funding at its lowest level ever now, so why not invest in the recovery and build houses? The US has spent ~$8 trillion, so per capita shouldn’t we be prepared to spend €120 billion? You never know you might get a cheaper house or a road or even a local school this time around which is at least better than the kick in the head we got for €60 billion last time.
That’s interesting. Which parties do you think they have switched to?
for the most part, former FG/ supporters do not switch to SF, even though I know a few who did,
Speaking for myself not SF
I think alan kelly has positioned the labor party for a take over of FF, There was more than Ivana at play in Dublin south,
I would say there were quite a few FF/FG people who always vote in every election looking for a new home for their vote,
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You could be right. Kelly did very well in recent interviews I think.
There's a very strong economic argument for house prices to be lower in a growing market
The majority of people who require social housing will feel settled and will look at bettering themselves in other areas including employment.
This would have further knock on effects down the line with less anti social behaviour and less crime as a "work" ethic is instilled
Those who wish to purchase, can do so quicker and as buying is substantially cheaper than renting, it puts more disposable income into the economy which in turn creates jobs.
I would like to see grossly underutilized brown field sites get rezoned. In Dublin the obvious contenders are glasnevin industrial estates, JFK industrial estate, many Naas road industrial properties, robin hood, etc.
All with great links and services and I suspect similar areas are in many cities and towns.
The majority of people who require social housing will feel settled and will look at bettering themselves in other areas including employment.
This would have further knock on effects down the line with less anti social behaviour and less crime as a "work" ethic is instilled
Those who wish to purchase, can do so quicker and as buying is substantially cheaper than renting, it puts more disposable income into the economy which in turn creates jobs.
I would like to see grossly underutilized brown field sites get rezoned. In Dublin the obvious contenders are glasnevin industrial estates, JFK industrial estate, many Naas road industrial properties, robin hood, etc.
All with great links and services and I suspect similar areas are in many cities and towns.
Struggling to find value in today’s property market!@
@HyperionDayzI cant see why you say this.
The SCSI website give the building cost of a 3 bed semi in Limerick as €170k. There are 11, 3 bed semi detached houses for sale in Limerick city at the moment for €175k or less.
So you get the site, the access to all connections, roads, electricity, water, etc. all thrown in free. That is excellent value no matter how you look at it.
The mega taxes and wealth taxes and robbing pension pots I expect will be the results of FG/FF, not SF,
but an SF government knows well they will not get away with increasing taxation like
FG/FF can,
so they will only go into Government with a party to the right of them,
The next election will not be decided on the housing issue, I would give SF more credit
than that,
SF will fight the next election as they fought the last one, pointing out how FGFF shortchange
there own supporters and pull another chunk of supporters away from FG/FF
In the last election, SF used the pension age increase to show up how FG/FF was shortchanging their own supporters,
If FG/FF don't want to shortchange their own supporters they have to cut back on the reckless government they have overseen not an easy thing to do,
If the cutback on the reckless government over the last 35 years which is eaten bread long forgotten, fewer votes for FG/FF,
If they cannot cut back their own supporters can see they get caught paying the extra taxes and they will receive fewer votes,
if they say they will not go into government with SF and SF say they will talk to all parties FG?FF are cutting their own throats,
In the last election,FG/FF said they could not go into government together because their policies were too far apart,
if they are not careful the only party to believe in the next election is SF not ruling out going into government with a party to the right of then,
FG?FF to stay in power will have to agree to the terms on offer by groups of ragbags or parties left of SF,
If the fight the next election like the fought the last one SF have the TDs to slice and
dice FG and FF at the same time, In fact, Mary Lou would put them to the sword on her own,
Mary Lou using as few words as possible requiring a long answer knowing FG/FF supporters
will see it as waffling job done,
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most forget Kelly was the minister for the environment when the Government tried to bring in water rates he was the last to give in,
He still maintains to this day FG made a mistake when they agreed to the policies of the extreme left, FF were supporting the extreme left during the water rates protests,
We are going to borrow or tax ourselves silly to carry out all the environmental improvements
Required to meet EU regulations,
Kelly foresaw and spoke about these investments during the water protests,
Google Alan Kelly says he's been proven right about Irish water
it was Lynn Boylan MEP who stood for SF last week who prompted kelly to speak out,
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