Ireland’s housing crisis to last another 15 years, Department of Finance predicts

by RossaDeVereMcNally

50 comments
  1. Just another permacrisis. It’s a feature, not a bug.

  2. And we’ll be dealing with the pension crisis, lovely time to be miserable

  3. Can’t be solved over 25 years, let’s try another 15

  4. You’d of taught the word “crisis” would result in immediate action but I guess not

  5. > In the central scenario, housing supply is assumed to reach 60,000 by 2030, a significant acceleration on the 30,300 delivered last year, “and then remain at that level until no longer required”.

    > The report noted that the number of workers in residential construction would need to grow “considerably”, by 50,000 according to one estimate, “to meet these targets”.

    That sounds very optimistic

  6. Housing, Demographics, Pension.

    Take your pick of crisis.

  7. Great plan to boost pension funds using rents from today’s young people. Who is going to pay those rents in twenty years when today’s young people aren’t having children?

  8. If only someone were in a position to do something about it 🤔

  9. Remember, we’ve turned a corner. Unfortunately though we’ve made 4 left turns so we’re just back where we started

  10. Unless there’s a massive economic crash or the left get into government or both, this current situation will continue for the foreseeable. A lot longer than 15 years for sure.

  11. Well that’s my entire working life destroyed. First 7 years – they bankrupted the country and destroyed the economy. Playing catch up for years and all the while they’re destroying the housing market. Now made some headway but there’s no houses and we can’t afford them.

    I’ll never forgive these Cnuts. Never.

  12. Pffft in 15 years I’ll be sleeping in my flying car or will have relocated to Mars.

  13. Complete and total failure of Government. Every ‘responsible’ ‘solid’ ‘sound’ voter for the Government parties said ‘yes, more of the same, please’.

  14. How about we throw millions more to “consultants” that’ll fix the issue

  15. ![gif](giphy|MDxuzRvxF39VwnYu9B)

    The country that took 15 years to build a Children’s Hospital is going to build enough to solve the overall housing crisis in 15 years? I’ll take the over.

    Btw, how is the Metrolink coming along? Will the planning stage be done in those 15 years as well?

  16. If the measures from the Kenny Report published 50+ years ago were implemented we wouldn’t be in as severe housing crisis today.

    Housing crisis is a slow motion crisis decades in the making and will take decades to level set.

  17. Could be far less if certain politicians lose their seats, shame the only part of the Irish electorate who usually votes are the ones not effected by the housing crisis.

  18. Talk about picking a number out of the air and pretending you can see the future. In this scenario, the most capable of the younger generations who don’t have rich families will emigrate for good, and those who don’t emigrate will burn the country to the fucking ground long long before that 15 years is up. And when our national politics becomes truly radicalized because so many people have zero option but to abandon the status quo parties, then how long will we keep those multinational’s factories and corporate taxes, our 500K little terraced houses, new bmws, skiing holidays and crassness?

  19. > Ireland’s housing opportunity to last another 15 years, Department of Finance predicts

    FTFY

  20. Is there anything to be said for beehive huts?

  21. Oh yay! We can all retire to a nice log cabin at the end of someone’s garden …

  22. I am not Irish and haven’t been here *that* long, but it doesn’t seem to me that a lot of effort has been put in to resolve it.

  23. So, what’s going to make it better after that time? A massively diminished population? Cheaper land and materials (lol)? AI not actually putting tens of thousands out of employment? I’d love to know the rationale for this assertion.

  24. So by my calculations that puts the housing crisis as lasting approximately 25-28 years.

    Started around 2015-16 and to end in 2041-2.

    Marvelous.

  25. You can be sure if they had to build office buildings for America tech companies they’d fucking manage to do that no problem. Pretty clear where FFGs priorities are.

  26. Ah yes, a long-term quantitative financial prediction. A.k.a bullshit.

  27. Have you had enough yet. Remember they told you were all in this together. Serfs up

  28. This is what we get for having uneducated and unqualified leaders like Simon Harris. 

  29. There’s a housing crisis (too few houses) because Ireland is a small, open economy experiencing a surprising & long economic boom. The last time there was a housing crisis (too many houses & nobody would touch buying them with a barge pole) was because there was a surprising & long recession.

    The most likely way the ‘housing crisis’ gets fixed is by the boom ending.

    Small, open economies are always at risk of booms and busts. and while there’s a boom everyone expects the country to be run as if it will continue; while there’s a bust everyone expects the country to be run as if it will continue.

  30. Cant fix this overnight wish we heard that 10 years ago…. oh wait.

  31. It will never end as long as housing is being used as an investment.

  32. So the far right will only get bigger. 15 years….in less than 10 nothing will be the same

  33. And that’s just them saying that the next generation are also emigrating and they know it

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