Supply must meet demand. That’s what the government should be focusing on. WFH was a real missed opportunity. The civil service calling people back to the office 2/3 days a week is a direct indictment of the government’s lack of backing for the WFH. The over reliance of Dublin is one our main issues.
They should be focusing on sorting on bb for the rest of the country
How could it have done anything else? Demand far outstrips supply, so who gets the houses? The buyers who can and will pay more. It’s so simple it’s almost like that’s what they wanted to happen.
Government were warned this would happen before implementation. The policy was done in the UK and had the exact same result, it’s almost like there intentions were to raise house prices and hand money back to there developer friends…
Well, duh!
“This is the one thing we didnt want to happen”
Of course there’ll be people here who will say it helped them buy but you’re not seeing the problem. The grant doesn’t increase supply, it just increases the money chasing the same supply.
I for one am shocked.
We should put a huge banner outside the FG and FF headquarters saying “We all told you so”
They knew this would happen.
Water is wet.
When people have more money, sellers will ask higher prices.
Water is wet.
We need to draw construction workers in. Zero income tax/very low rate on tradesmen for 5 years. A quota needs to be met but that would draw a lot of people from far and wide. Also have the government pay apprentices 200 a week on top of the 200 they get from the employer. It would entice a lot more young people into trades if they had 400 a week instead of 200 to live on. Plus give them the 5 years of no/low income tax once qualified as an incentive to take up a trade.
Trainee doctors spend years on crap wages and horrible hours/ conditions, but once qualified are more then compensated for their ordeal.
Is it fair? No. Would it cause a huge spike in houses getting built? Yes.
Am I missing something?
If only everyone hadn’t seen that coming 🙄
What is the alternative? Let first time buyers borrow more money and risk Celtic tiger bubble 2.0? Or maybe leave the funds and older people with money snap up those houses and rent them to the would be first time buyers?
15 comments
No shit Sherlock
Supply must meet demand. That’s what the government should be focusing on. WFH was a real missed opportunity. The civil service calling people back to the office 2/3 days a week is a direct indictment of the government’s lack of backing for the WFH. The over reliance of Dublin is one our main issues.
They should be focusing on sorting on bb for the rest of the country
How could it have done anything else? Demand far outstrips supply, so who gets the houses? The buyers who can and will pay more. It’s so simple it’s almost like that’s what they wanted to happen.
Government were warned this would happen before implementation. The policy was done in the UK and had the exact same result, it’s almost like there intentions were to raise house prices and hand money back to there developer friends…
Well, duh!
“This is the one thing we didnt want to happen”
Of course there’ll be people here who will say it helped them buy but you’re not seeing the problem. The grant doesn’t increase supply, it just increases the money chasing the same supply.
I for one am shocked.
We should put a huge banner outside the FG and FF headquarters saying “We all told you so”
They knew this would happen.
Water is wet.
When people have more money, sellers will ask higher prices.
Water is wet.
We need to draw construction workers in. Zero income tax/very low rate on tradesmen for 5 years. A quota needs to be met but that would draw a lot of people from far and wide. Also have the government pay apprentices 200 a week on top of the 200 they get from the employer. It would entice a lot more young people into trades if they had 400 a week instead of 200 to live on. Plus give them the 5 years of no/low income tax once qualified as an incentive to take up a trade.
Trainee doctors spend years on crap wages and horrible hours/ conditions, but once qualified are more then compensated for their ordeal.
Is it fair? No. Would it cause a huge spike in houses getting built? Yes.
Am I missing something?
If only everyone hadn’t seen that coming 🙄
What is the alternative? Let first time buyers borrow more money and risk Celtic tiger bubble 2.0? Or maybe leave the funds and older people with money snap up those houses and rent them to the would be first time buyers?