It’s actually depressing reading that article and knowing FF/FG are going to be voted back in after next election
Time to:
* Immediate ban on foreign investment funds purchasing property.
* Punitive taxes on Airbnb (that isn’t a room in your primary dwelling).
* Punitive taxes on empty/derelict homes.
* Increase taxes on landlords. Non essential demand for buy-to-let can’t continue at the moment.
In 2007 we had 210,000 workers in construction. After 2008 it fell into the 80,000 range. It has only recently reached 200,000 or so again. And just looking at Apples to Apples, there are an extra 1 million people in the country today and we’d need 270,000 construction workers just to be on par with the amount we had in ‘07 relative to the population.
Every scheme, every new regulation, every bit of government money thrown at the wall, comes up against this inescapable reality: We do not have enough capacity to quickly scale from where we are to where we need to be to deliver the number of homes needed to moderate prices.
I don’t know why we can’t try a government scheme to import construction workers, stick them in temporary accommodations and tell them they can get an income tax refund if they successfully complete a contract. Arab states have built cities in the desert using this method – and we can add actual human rights to the employment benefits!
Whatever the solution you prefer, it all comes back to increasing supply dramatically, and a few more schemes to generate more apprentices isn’t solving the issue tomorrow.
Looks like we’re back in a bubble…. wonder how long it’s going to be before they’re talking about soft landings.
I wonder what they’ll be in 2029 when FG are in the 20th consecutive year in Government.
F’ this on a Sunday morning.
Utterly disgraceful, radical thinking is needed. Time to do the following and push through urgent legislation asap:
100% tax on all privately rented properties, encourage & actively enforce/CPO sale of any property that’s not the the principle private residence to the state to reduce profiteering and provide supply.
We have to reduce the demand so we should encourage & enforce where needed the renting of rooms not being used in private properties (we have the census data). Refugee and asylum seeker status should be prioritized.
Where more than 2 bedrooms are not occupied a tax should be imposed taken at source.
Anyone earning over €150,000 to be taxed at 95% with funds going to support creation of state owned building company.
With the above we might come close to supporting the massive population drive we’re on. I’ll be downvoted to hell for the suggestion but there’s an uncomfortable conversation to be had around how we go about supporting over 100k people coming for a better life every year. They need our support.
Edit: aaaand downvoted to hell as expected from the brigade who talk about wanting to help people except when it impacts them directly. Me Fein is alive & well in merry ol’ Ireland
Yeahhhhh
Abused by the English, abused by the Catholic church, now abused by yer own.
Bring back slave labour
I blame all.of you that voted for FFFG….. What did you think would happen.
With interest rates falling rich people will look to transfer money into assets.
Stocks, property.
Perhaps the thing to do instead of shaking your fist at a passing cloud is to profit from it by sewing seeds that grow from the rain it delivers..
12 comments
It’s actually depressing reading that article and knowing FF/FG are going to be voted back in after next election
Time to:
* Immediate ban on foreign investment funds purchasing property.
* Punitive taxes on Airbnb (that isn’t a room in your primary dwelling).
* Punitive taxes on empty/derelict homes.
* Increase taxes on landlords. Non essential demand for buy-to-let can’t continue at the moment.
In 2007 we had 210,000 workers in construction. After 2008 it fell into the 80,000 range. It has only recently reached 200,000 or so again. And just looking at Apples to Apples, there are an extra 1 million people in the country today and we’d need 270,000 construction workers just to be on par with the amount we had in ‘07 relative to the population.
Every scheme, every new regulation, every bit of government money thrown at the wall, comes up against this inescapable reality: We do not have enough capacity to quickly scale from where we are to where we need to be to deliver the number of homes needed to moderate prices.
I don’t know why we can’t try a government scheme to import construction workers, stick them in temporary accommodations and tell them they can get an income tax refund if they successfully complete a contract. Arab states have built cities in the desert using this method – and we can add actual human rights to the employment benefits!
Whatever the solution you prefer, it all comes back to increasing supply dramatically, and a few more schemes to generate more apprentices isn’t solving the issue tomorrow.
Looks like we’re back in a bubble…. wonder how long it’s going to be before they’re talking about soft landings.
I wonder what they’ll be in 2029 when FG are in the 20th consecutive year in Government.
F’ this on a Sunday morning.
Utterly disgraceful, radical thinking is needed. Time to do the following and push through urgent legislation asap:
100% tax on all privately rented properties, encourage & actively enforce/CPO sale of any property that’s not the the principle private residence to the state to reduce profiteering and provide supply.
We have to reduce the demand so we should encourage & enforce where needed the renting of rooms not being used in private properties (we have the census data). Refugee and asylum seeker status should be prioritized.
Where more than 2 bedrooms are not occupied a tax should be imposed taken at source.
Anyone earning over €150,000 to be taxed at 95% with funds going to support creation of state owned building company.
With the above we might come close to supporting the massive population drive we’re on. I’ll be downvoted to hell for the suggestion but there’s an uncomfortable conversation to be had around how we go about supporting over 100k people coming for a better life every year. They need our support.
Edit: aaaand downvoted to hell as expected from the brigade who talk about wanting to help people except when it impacts them directly. Me Fein is alive & well in merry ol’ Ireland
Yeahhhhh
Abused by the English, abused by the Catholic church, now abused by yer own.
Bring back slave labour
I blame all.of you that voted for FFFG….. What did you think would happen.
With interest rates falling rich people will look to transfer money into assets.
Stocks, property.
Perhaps the thing to do instead of shaking your fist at a passing cloud is to profit from it by sewing seeds that grow from the rain it delivers..