Dublin property prices falling by €4,500 a month

[JCSkinner]

Should I look forward to the PDs introducing a new bill regarding tenant rights, then?

[Ponzi]

The problem with government buying unwanted private sector stock is the knock on effect it has on employment in the housing industry. The public sector could absorb 10,000 newly constructed units per annum for the next few years, this would help to ameliorate to some degree the impact on employment of a contracting private house building sector.

[hiker]

The problem with government buying unwanted private sector stock is the knock on effect it has on employment in the housing industry. The public sector could absorb 10,000 newly constructed units per annum for the next few years, this would help to ameliorate to some degree the impact on employment of a contracting private house building sector.

The bird in the hand is worth two in the bush.

Take whats available and take it now. Who knows what next year is going to bring.

[JCSkinner]

Next year is going to bring a HOUSING CRASH, Hiker. Hence the idea of the state purchasing shoddy houses from the government's developer pals at the very peak of a market is so particularly appalling.
The correct stance ought to be, let's sit tight and do nothing for a year and see where this market is going.
A tactic this Government is particularly practised at, I might add.

[hiker]

Next year is going to bring a HOUSING CRASH, Hiker. Hence the idea of the state purchasing shoddy houses from the government's developer pals at the very peak of a market is so particularly appalling.
The correct stance ought to be, let's sit tight and do nothing for a year and see where this market is going.
A tactic this Government is particularly practised at, I might add.

I never said "buy" jc.
I said "rent".

Why the fk would we want to buy them for????

[JCSkinner]

Good question, Hiker, and one I hope you do remember to ask your senior party colleagues, given the recent purchase of 500 houses by this government.
I have to say it is tremendously refreshing to hear a PD showing such concern for the long-term unemployed and the disabled and other sectors who for the past ten years were unable to get an affordable home due to the total shortage of such housing.
Which was largely due to developers being permitted to buy their way out of providing the 20% of affordable housing in developments that they were supposed to under law.
Given the imminent collapse of the market, and the fact that falling prices will also partly drive down rents too, I don't see the need for the state to underwrite the losses of buy-to-let specuvestors any more than they should be underwriting the losses of large developers.
Let the market fall where it will and rents will be affordable without any intervention.

[hiker]

Good question, Hiker, and one I hope you do remember to ask your senior party colleagues, given the recent purchase of 500 houses by this government.

And who is the moinister for Social housing?
Mr Ahern. Brother of the main man. If thats the way FF do business then thats their lookout.
It may explain why they have been in power fo 50 of the last 80 years.
Figure it out yourself JC.
Will we get any kudos for not purchasing an election?
Will we f**k

[JCSkinner]

Aren't the PDs in power to keep FF honest? At least that's what the posters on the lampposts told me last time out.
Of course, they were just as big a bunch of lies as FF's boomtime promises.

[rockofcashel]

This Government will try to buy its way out of the housing crisis by purchasing houses from the developers ..

They are doing it already ..

In Cashel the council have already bought brand new houses for people on the waiting list, and are considering buying more in the near future.

Also, we've been running an "affordable housing" campaign down here for the last few weeks, and since the scheme began I've never seen the councils so helpful with information about it...

There is so much of this election hanging on the current Government simply struggling past the post in May before people actually realise the extent of the problem.

Then they will use the surpulses gathered over the last few years, to try to buy their way out of this problem.

The one saving grace for the Government might actually come from the UK again. Construction in London is about to go into overdrive for the Olympics in 2012, which will alleviate long unemployment queues when the construction market goes belly up here. Thats about the only good thing.

The negative equity problem will bite however, with a major credit crunch on the way

[Libero]

This Government will try to buy its way out of the housing crisis by purchasing houses from the developers ..

They are doing it already ..

In Cashel the council have already bought brand new houses for people on the waiting list, and are considering buying more in the near future.

1. Do the Council in Cashel take orders from the government?
I mean, I wouldn't put it past this government to shovel money into the private residential housing market to prop it up, but I don't think that's what's happening when various Councils, off their own bat, decide to buy houses.

2. Do other parties actually oppose the purchase of these houses? And does anyone suggesting some sort of market-timing bar on councils buying houses really think that's politically viable?