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  1. #1
    Disillusioned democrat Disillusioned democrat is online now
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    FG policies make housing more expensive yet again

    So, many predicted FG's policies would increase house prices and do notthing for supply and lo and behold, it came to pass.

    Net impact, developers earning more, no significant increase in supply and now more people being priced out of the market.

    Meanwhile REITs have had a bumper year renting out apartments they bought for a song to a population in need of accommodation.

    https://www.rte.ie/news/economy/2017...latest-survey/

    Thanks FG.
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  2. #2
    SideysGhost SideysGhost is online now

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    Aided and abetted by Fianna Fail, of course. The two cheeks of the builder's arse.

    And yet half of the population are so utterly braindead they'll still loyally troop along to give FF/FG a scratch in the next election.
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  3. #3
    Disillusioned democrat Disillusioned democrat is online now
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    Quote Originally Posted by SideysGhost View Post
    Aided and abetted by Fianna Fail, of course. The two cheeks of the builder's arse.

    And yet half of the population are so utterly braindead they'll still loyally troop along to give FF/FG a scratch in the next election.
    It seems our politicians don't have any other measure of success beyond how wealthy our developers are.

    What's somewhat different about this is the pure arrogance and blatant disregard for any consequences.
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  4. #4
    Sister Mercedes Sister Mercedes is offline
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    Quote Originally Posted by SideysGhost View Post
    Aided and abetted by Fianna Fail, of course. The two cheeks of the builder's arse.

    And yet half of the population are so utterly braindead they'll still loyally troop along to give FF/FG a scratch in the next election.
    SF controls Dublin Corporation and is pursuing the same anti housing policies as FG.
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  5. #5
    Disillusioned democrat Disillusioned democrat is online now
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    Quote Originally Posted by Sister Mercedes View Post
    SF controls Dublin Corporation and is pursuing the same anti housing policies as FG.
    It's quite bizarre to be honest - the level of NIMBY-ism in Ireland is truly mindblowing.

    I was walking thru SIC on Sat night - 1000s of well built "corpo" flats occupied by all sorts and had to wonder is that tha best use of a valuable asset.
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  6. #6
    Disillusioned democrat Disillusioned democrat is online now
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    It seems our only strategy is to continue to throw more money at developers in the hope they might actually develop as opposed to make more thru speculating that the value of land will increase.

    It's a strategy based on hope, hope that some developer will break ranks and start to develop at scale and bring the rest with him/her - meanwhile the tax payer, the renter and the house buyer all get screwed.
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  7. #7
    making waves making waves is offline
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    If you want to increase supply and bring down housing prices then the government needs to build the houses themselves - a national emergency building programme through a state owned building service.
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  8. #8
    SideysGhost SideysGhost is online now

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    Quote Originally Posted by Sister Mercedes View Post
    SF controls Dublin Corporation and is pursuing the same anti housing policies as FG.
    *shrugs*

    Local councillors from any party in Ireland are mostly inbred peasants obsessed with de laaaaaand. Pretty much everyone in Ireland is only a few generations at most out of the fields. It's bone-deep and could take centuries to work it's way out of our cultural DNA. It's one reason why I eventually just gave up and walked away. Not a sinner learned a single damn thing from the whole sorry saga of Honest Bert's Property Carnival, and now they're all eagerly queuing up for one more go.
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  9. #9
    Disillusioned democrat Disillusioned democrat is online now
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    Quote Originally Posted by making waves View Post
    If you want to increase supply and bring down housing prices then the government needs to build the houses themselves - a national emergency building programme through a state owned building service.
    It's funny how Simon Coveney, with the brightest and best of the Irish civil and public service at his disposal, failed to see that supply is indeed the answer and do something more concrete (no pun intended) to provide supply - something like you've suggested.

    Yet again it's heads I win, tails you lose for the developers, landlords and land owners. Do a bit of work, make some money, hold off and the value of the land increases as the demand gets to pressure cooker levels.
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  10. #10
    Disillusioned democrat Disillusioned democrat is online now
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    Quote Originally Posted by SideysGhost View Post
    *shrugs*

    Local councillors from any party in Ireland are mostly inbred peasants obsessed with de laaaaaand. Pretty much everyone in Ireland is only a few generations at most out of the fields. It's bone-deep and could take centuries to work it's way out of our cultural DNA. It's one reason why I eventually just gave up and walked away. Not a sinner learned a single damn thing from the whole sorry saga of Honest Bert's Property Carnival, and now they're all eagerly queuing up for one more go.
    The Shinners never owned land, they just got nice free flats in the city center and don't want pesky yuppies gentrifying their patch.
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