Dublin property prices falling by €4,500 a month

[Johnny]

If there is a silver lining to all this, the slack in contruction employment that will come from the property downturn could be taken up by major new infrastructure building programmes (metro, motorways, new airport).

Thus keeping contruction employment close to current levels, while at the same time the cost of these new infrastructure projects can be controlled.

There will not be the tax intake to finance the infrastructural building programmes.

NDP up in smoke, then?

[the-analyst2007]

I am of the view that while borrowing for current expenditure is a cardinal sin, borrowing for infrastructural projects is acceptable.

[blindjustice]

If there is a silver lining to all this, the slack in construction employment that will come from the property downturn could be taken up by major new infrastructure building programmes (metro, motorways, new airport).

Thus keeping contruction employment close to current levels, while at the same time the cost of these new infrastructure projects can be controlled.

Electricians, carpenters bricklayers etc do not build motorways

[the-analyst2007]

True, but what about the Convention centre, landstowne road, Point Deport redevelopemt and Dublin Airport developent. New schools, hospitals sports centres etc etc

[Sidewinder]

True, but about the Convention centre, landstowne road, Point Deport redevelopemt and Dublin Airport developent. New schools, hospitals sports centres etc etc

But where's the money going to come from?

There's a wee thing called the Maastricht Treaty and the Stability Pact, remember?

[Coles]

If there is a silver lining to all this, the slack in contruction employment that will come from the property downturn could be taken up by major new infrastructure building programmes (metro, motorways, new airport).

Thus keeping contruction employment close to current levels, while at the same time the cost of these new infrastructure projects can be controlled.

There will not be the tax intake to finance the infrastructural building programmes.

NDP up in smoke, then?

I can't see it being completed. As Sidewinder posted above there are going to be a load of new bills that have to be paid first.

[cooperation]

That won't employ 280,000 construction workers.

[Johnny]

True, but about the Convention centre, landstowne road, Point Deport redevelopemt and Dublin Airport developent. New schools, hospitals sports centres etc etc

Equally true is the fact that if it all goes as pear-shaped as it now appears it will, the government won't have a washer to pay for any of these projects.

[dub006]

There is a silver lining to a housing bust.Most immigrants will go home .The roads will free up and there will be less congestion.
Hopefully those Irish laid off will get jobs in the construction jobs that will come online from the NDP.

[blindjustice]

True, but what about the Convention centre, landstowne road, Point Deport redevelopemt and Dublin Airport developent.

All once off

New schools, hospitals sports centres etc etc

We are currently building these all the time unless there is a upsurge in demand for these things and we would need one hell of an upsurge to take up the slack in the construction sector when the crash gets into full swing.
Finfacts had a report last year estimating that we would lose 100,000 jobs in the construction sector because we would not need to build as many houses
They wont all be needed to build roads