Lenihan wants to keep rents/prices high but

[politicaldonations]

Commercial rents among world's most expensive - Commercial Property, Business - Independent.ie

FF will cripple the country for decades to ensure their cronies are bailed out.

[Edo]

The Elephant in the room that nobody wants to talk about - and will drive many people like myself who are setting up their own businesses abroad where the cost of doing business is more reasonable.

property prices are practically responsible for the high cost of every single input and cost in Irish Business.

[politicaldonations]

The Elephant in the room that nobody wants to talk about - and will drive many people like myself who are setting up their own businesses abroad where the cost of doing business is more reasonable.

property prices are practically responsible for the high cost of every single input and cost in Irish Business.

That and high cost of government provided services which high PS salaries drive up costs of.

[Harmonica]

I would guess there is a delay in commercial rents dropping. I am sure many companies are locked into leases with no review in sight. If companies fail then lease would die with them so rent would come down to attract new tenants?

[politicaldonations]

I would guess there is a delay in commercial rents dropping. I am sure many companies are locked into leases with no review in sight. If companies fail then lease would die with them so rent would come down to attract new tenants?

Yeah but not many companies looking for new premises. Vast majority of companies will survive and be stuck in high lease while a signifcant amount of space will be left vacant by landlords if they cant be rented.

[Dreaded_Estate]

Strangling the real economy to save the banks seems to be the plan.

[feargach]

Yeah but not many companies looking for new premises. Vast majority of companies will survive and be stuck in high lease while a signifcant amount of space will be left vacant by landlords if they cant be rented.

I think the reality is that even in good times, the vast majority of companies fail badly.

[X-ray]

The Elephant in the room that nobody wants to talk about - and will drive many people like myself who are setting up their own businesses abroad where the cost of doing business is more reasonable.

property prices are practically responsible for the high cost of every single input and cost in Irish Business.

if we are serious about about cutting wages (further) and social welfare and general public spend, then the other elephant is that we need to reduce the price of everything at the same time also or people are going to be insolvent.
If rents and mortgage repayments remain static while income for PAYE works drop then we are in a disaster. Everything needs to drop, everything.

If you are to sell your product abroad at a competive price you need lower wages, rent, tax, rates, utilities and bank repayments. We are killing each other by focusing at one areas at a time. We need one big bang where everything drops by a set value on the same day in as much as that is possible. We can force banks to extend loan terms to reduce monthly repayments, we can give tax credits to companies that drop prices after reducing wages. We can force rent down. We are a small enough society to do this. I am willing to take a pay cut in my PS wage bill if and only if only are not going to profiteer on the back of me. I am willing to help reduce the cost base. But I need to be charged less in the GPs and hairdresser too.

[X-ray]

Strangling the real economy to save the banks seems to be the plan.

We need to get real here too, we need one maybe two banks, state controlled.
Banks are tools to help us, not the other way around. We own them, lets use them. Pumps working capital into employment rich industry, extent loans term to help those in difficulty.

[politicaldonations]

I think the reality is that even in good times, the vast majority of companies fail badly.

Oh yeah, eventually nearly all fail but i meant survive for duration of lease.