Dublin property prices falling by €4,500 a month

[Sidewinder]

Site prices? As far as I know the effect is pretty much identical - during a boom site prices soar, then collapse back to fundamental levels over time just like the house prices do during the bust. I've never seen anything suggesting there's something radically different about site prices in any housing boom anywhere in the world ever.

You can say land has a "floor" of the agricultural value, but that floor is a moving target over time itself and is a function of fundamental agricultural rents and world/EU food prices. A lot of people imagine housing has a "floor" value too, that being what it cost to build, but that isn't true either.

Remove the speculative property bubble, and land prices will collapse. IIRC, historically in Ireland land zoned for housing has fetched around a 30-40% premium on agricultural land - apart from during booms when it all goes silly.

[Coles]

If the Green party is successful at reducing one-off housing or at least imposing additional review to cut out the abuse of this scheme, will this impact site prices. My feeling is that in the short term this might act as an anchor for current site prices, with rural site prices trailing the house price trend.

I don't think the Green Party will have a significant impact on one-off housing... And why should they? Most people I know who want to build in rural areas want to live their lives in a sustainable, healthy and environmentally friendly manner. People have an undeniable right to live on the land, while they also have a responsibility not to destroy the environment for others.

[Cali Mist]

I agree, people have the fundamental right to have shelter/housing (as per the new EU charter). But the question in my mind is how to sustain development while maintaining rural green areas. “The Irish Planning Institute and the Royal Institute of the Architects of Ireland have all come out in favour of ending the 'bungalow blitz' in rural areas. They are against 'ribbon development' with individual houses built for three to four miles along the main road from a town or village. Such communities depend completely on cars.” http://archives.tcm.ie/businesspost/200 ... 380765.asp
Having experienced the worst example of suburban sprawl first hand in the USA, with cities with the population of Dublin carpeting the landscape for 60 km radius, in cookie cutter estates, tis not something I’d like to see, or see more of in Ireland. The irony is that you and I both wish to live in a country setting with all the benefits that entails, if taken to larger scale how to do this without creating sprawl or ruining the landscape. Now, If these rural houses are designed and built with focus on blending them into their environment and not an eye sour or standing out like a sour thumb, and if the house is occupied most of the year and being used as a first house, and not one of the 200k summer homes, and if the environment around the proposed *new* house is not protected, heritage area etc... then I feel that is minimizing the damage and is worth allocating planning.
I wonder how many of those one-off houses are actually now occupied by the farmers kids any figures? I would expect that many a farmer has cashed in on this boom, build the additional house thanks to FF and sold it on as a holiday home.

[Coles]

There are various clauses that come with planning permission in rural Wicklow to prevent houses from being built where there is no local need for them. Planning consent is usually subject to the property not being sold for 10 years. Also consent is usually subject to extensive tree planting (native species) to help blend housing into the landscape. I think this is a fair enough system, and while a lot of ugly houses get built, that's more an issue of taste (and ignorance).

[Corroboration]

There are people out there (boards.ie etc) who paid 13k for wiring. Perhaps subcontractors price was marked up by main contractor, but anyway, even 6k saved is 6k earned!

Say, what is the cheapest way around the scaffolding problem, is buying more feasible than long term rent? What are reasonable figures?

If a DIY builder didn't bother with scaffolding, what are (1) the chances of getting caught, and (2) the chances of anything more than a slap on the wrist for contuining to flout the law until the build is completed?

If expensive, might be worth the fine....

[Twin Towers]

Theres a good chance of ending up in A&E. I'd say buy the scaffolding second hand and sell it on when you are done.

[Corroboration]

On aertel today, despite all the interest rate increases, British prices have taken off again!

Anyone know how much scaffolding costs typically, new, rented, secondhand? I believe in safety but the requirements here seem a bit OTT

[Tiernanator]

I have calculated and if property prices fall the way they have been then I am sure I am going to be able to afford that bedsit by 2090

[Corroboration]

I have calculated and if property prices fall the way they have been then I am sure I am going to be able to afford that bedsit by 2090

Would a retirement home not be a more cost effective option in 2090 ?
In my case, I can go one better, grave plots are cheap.

No theres an idea, live in a coffin...

[theyshootPDsdontthey]

they shoot PD's...:

Answers: Engineer in my 20's (not civil eng). I do as much as possible myself and save every penny - expect to buy site and do building without a mortgage in the next three years or so - all from savings. I don't expect to "fill my pockets", rather I regard credit system as being a method to sell the population into peonage/explotation - history is repeating itself in this regard.


The question is whether something is reasonably priced. The fact that say, a pane of glass could last 60 years does not justify paying say, 800 euro for it when real cost is less than a tenth of that. Same applies to sewerage systems or electrical work - any idiot can wire a house - and the fee to have it certified by RECI is less than €400, versus a whopping 13,000 that an electrical company might charge- crazy. That level of inflation is present in every single trade. I might be in my lates 30's by the time the housing market settles down - whereas by self builidng I can bypass most of these inflationary issues immediately - recovering a lost decade of my life in the process.

However, your question is nothing to do with the topic of the thread, you seem like an angry geezer looking for an excuse to launch a personal attack...[/

Re: your last paragraph Pot, kettle, black would come to mind but for the fact that your post to quote yourself "is nothing to do with the topic" also re: being angry geezer as someone who has over four years experience in dealing with water services projects and costings I have experience of whether someone is being reasonable in regard to their costings. This can be seen in regard to your estimate with regard the wiring of a house and cost of same. Pay peanuts get monkey.

In your current postion you would be a fool if you have a site not to get a mortgage taking into account the amount of tax relief etc available. The money you are saving can be invested in a pension and you get tax relief for this. Sometime it takes money to make money and it may be a rather futile, idealistic and maybe even financially stupid in view of the aforementioned reliefs availible to take out a mortgage.