On one hand the government and it’s supporters want to say the market will fix the problem, but on the other hand they want us to ignore what price is telling us in that it’s not getting better. Trying to have their cake and eat it.
Price is the sum of all information in the market, if rents and sales are still going up, the problem is getting worse. At best price stabilisation might give hope, but claims that the government are magically solving the problem while price is in disagreement is just naked gaslighting.
Which is shitty behaviour imho, especially after a decade of it.
Pain.
It’s never going to get better. Too far gone at this point. Firstly you need the money to build hundreds of thousands of houses. Then you need the labour force. If you import the labour they will be using up as many properties as they build to live in. The problem is that normal workers seem to be hit in the pocket twice. Once because their tax money is being used to build houses and to bid against them, so they have to bid higher to get a house. And then again when they have to pay rent or high mortgages because the prices were bid up by their own money in the government or charities hands.
The property market will be just like the HSE.
At this stage, we barely even complain about the HSE and just accept it’s dysfunctional and broken.
To be fair, we need to start accepting it as well because we just voted for more of the same as significant portions of population are grand and pulling ladder up behind them
The current government seem to equate the economy doing well and constantly expanding being the greatest goal of the state and the sign of the country doing well. I think we need to weigh other factors much more heavily to define if the country is doing well or not.
Rightly or wrongly I believe that the brakes need to be pumped a bit on the economy to allow the infrastructure (including housing) to catch up.
I would suggest the number of work visas being issued to non EU applicants of all types to be tightened up for a considerable number of years. ( Critical essential staff excluded such as Medical professionals).
Allow housing to catch up, allow critical public infrastructure projects to be completed and reassess maybe 5 years from now .
Property experts?
My bollox property experts.
These are the same people who foresaw the current shit show are they? Came out and warned us all? Yeah?
No
If you can’t afford a house but have a bit of money saved up put it into REIT shares (not Ires though, they are terrible) so at least you are benefiting some little bit from the sh1tshow
Genuinely I’ve read better, more insightful input on here than on so many of these articles.
I can’t wait until I buy my first house at 45, afterward I’ll begin voting for FG because fuck everyone else
“The only way is up! Baby..”
Spoiler: Prices will go up, supply won’t grow as fast as required. The government will express shock and dismay at this unexpected and entirely unforeseeable turn of events and send everyone affected their thoughts and prayers. They will then complain that someone should really do something to fix the situation while glaring sternly into the middle distance. If anyone bothers to point out to them that they are actually the ones in charge and therefore it’s them who should be “doing something”, they’ll just shrug and say that the problem simply can’t be fixed overnight, so there’s nothing to be done.
Every time I walk in the south there’s a new “For Sale” sign.
Some of those go away quickly, but others have been around for over a year and are slowly changing to “For Auction” signs.
I’ve also noticed more and more of these don’t show up on daft or other open market but instead go right for closed systems and secret auctions. There might be a real attempt to keep the current prices stable while people sell their vastly overpriced homes.
Don’t believe what people in the industry are saying 100%, they are making mad bank with he current high prices and are looking to artificially preserve it against the market reality.
Crocodile tears from the government on housing. Back in 2011 FGs campaign was to increase house prices , which to be fair they did. The current market is just their previous success with the 2011 goals. Increasing house prices in short benifits too many people. Governments , landlords, investors and home owners all see year on year increase. Capital gains also means it’s not viable to invest your money in anything outside housing. The losers in this house price historic rises are renters , prospective buyers and society at large. It’s short term gain for long term pain. So if you’re in Government for 5 years, the choice is easy.
More of people saying social housing is the answer only to get massively outbid and priced out by Dublin councils and the the Germans & Americans until the worst salary possible is the one that is low enough to not get you a mortgage but high enough not to get you a taxpayer funded gaff
Both the rich and poor Conspiring to fuck you and laughing at your pathetically middle class plight
“Property experts” lol
Let me guess, Prices and rents go up, expectations of leaving the parent’s house goes down.
Apart from the UK which other European countries are as obsessed with house prices as us?
property experts were seen salivating and rubbing their hands together
My thinking is that when interest rates further drop there will be more stock brought to market. We have 66% less second hand homes on the market, why is this ? My two cents is people aren’t moving up and selling due to interest rates, when they come down further by end of 2025 we could see an increase in supply although not a dramatic one
20 comments
TL;DR – more of the same.
On one hand the government and it’s supporters want to say the market will fix the problem, but on the other hand they want us to ignore what price is telling us in that it’s not getting better. Trying to have their cake and eat it.
Price is the sum of all information in the market, if rents and sales are still going up, the problem is getting worse. At best price stabilisation might give hope, but claims that the government are magically solving the problem while price is in disagreement is just naked gaslighting.
Which is shitty behaviour imho, especially after a decade of it.
Pain.
It’s never going to get better. Too far gone at this point. Firstly you need the money to build hundreds of thousands of houses. Then you need the labour force. If you import the labour they will be using up as many properties as they build to live in. The problem is that normal workers seem to be hit in the pocket twice. Once because their tax money is being used to build houses and to bid against them, so they have to bid higher to get a house. And then again when they have to pay rent or high mortgages because the prices were bid up by their own money in the government or charities hands.
The property market will be just like the HSE.
At this stage, we barely even complain about the HSE and just accept it’s dysfunctional and broken.
To be fair, we need to start accepting it as well because we just voted for more of the same as significant portions of population are grand and pulling ladder up behind them
The current government seem to equate the economy doing well and constantly expanding being the greatest goal of the state and the sign of the country doing well. I think we need to weigh other factors much more heavily to define if the country is doing well or not.
Rightly or wrongly I believe that the brakes need to be pumped a bit on the economy to allow the infrastructure (including housing) to catch up.
I would suggest the number of work visas being issued to non EU applicants of all types to be tightened up for a considerable number of years. ( Critical essential staff excluded such as Medical professionals).
Allow housing to catch up, allow critical public infrastructure projects to be completed and reassess maybe 5 years from now .
Property experts?
My bollox property experts.
These are the same people who foresaw the current shit show are they? Came out and warned us all? Yeah?
No
If you can’t afford a house but have a bit of money saved up put it into REIT shares (not Ires though, they are terrible) so at least you are benefiting some little bit from the sh1tshow
Genuinely I’ve read better, more insightful input on here than on so many of these articles.
I can’t wait until I buy my first house at 45, afterward I’ll begin voting for FG because fuck everyone else
“The only way is up! Baby..”
Spoiler: Prices will go up, supply won’t grow as fast as required. The government will express shock and dismay at this unexpected and entirely unforeseeable turn of events and send everyone affected their thoughts and prayers. They will then complain that someone should really do something to fix the situation while glaring sternly into the middle distance. If anyone bothers to point out to them that they are actually the ones in charge and therefore it’s them who should be “doing something”, they’ll just shrug and say that the problem simply can’t be fixed overnight, so there’s nothing to be done.
Every time I walk in the south there’s a new “For Sale” sign.
Some of those go away quickly, but others have been around for over a year and are slowly changing to “For Auction” signs.
I’ve also noticed more and more of these don’t show up on daft or other open market but instead go right for closed systems and secret auctions. There might be a real attempt to keep the current prices stable while people sell their vastly overpriced homes.
Don’t believe what people in the industry are saying 100%, they are making mad bank with he current high prices and are looking to artificially preserve it against the market reality.
Crocodile tears from the government on housing. Back in 2011 FGs campaign was to increase house prices , which to be fair they did. The current market is just their previous success with the 2011 goals. Increasing house prices in short benifits too many people. Governments , landlords, investors and home owners all see year on year increase. Capital gains also means it’s not viable to invest your money in anything outside housing. The losers in this house price historic rises are renters , prospective buyers and society at large. It’s short term gain for long term pain. So if you’re in Government for 5 years, the choice is easy.
More of people saying social housing is the answer only to get massively outbid and priced out by Dublin councils and the the Germans & Americans until the worst salary possible is the one that is low enough to not get you a mortgage but high enough not to get you a taxpayer funded gaff
Both the rich and poor Conspiring to fuck you and laughing at your pathetically middle class plight
“Property experts” lol
Let me guess, Prices and rents go up, expectations of leaving the parent’s house goes down.
Apart from the UK which other European countries are as obsessed with house prices as us?
property experts were seen salivating and rubbing their hands together
My thinking is that when interest rates further drop there will be more stock brought to market. We have 66% less second hand homes on the market, why is this ? My two cents is people aren’t moving up and selling due to interest rates, when they come down further by end of 2025 we could see an increase in supply although not a dramatic one
Comments are closed.