It’s almost as if making Housing an investment vehicle is having long term negative effects on the economy. Believe it or not, houses should depreciate in value overtime in the same way cars currently depreciate. Only the land itself should accumulate value, but even this should be at a much much lower rate than what is currently happening.
TL;DR Neoliberalism keeps shooting itself in the foot.
‘Spending in pubs was down by 28%, clothing retail dropped by 12%, and bakeries fell by 19%. Spending in restaurants also dropped by 22% and people ordered less from fast food outlets, which posted a decline of 18%. ‘
Covid money wiped out and Inflation through the roof , looks like a big contraction coming.
While we keep on importing people on min. wage jobs to work in super macs and meat factories and tourism sector. (no offence to them obv)
The head guy of Restaurant Ireland alliance recently called for tens of thousands of more work visas to be given out.
“But think of the economy! We can’t be giving everyone houses!”
No shit.
“Come to Ireland. Where the public infrastructure and services are shite and housing is insanely expensive and built out of old toilet paper rolls” doesnt exactly attract talent.
Holland has almost as good tax breaks and the country isnt run like its a Euro Giant shop
Not sure who did the survey, but during Brexit, lack of housing was cited as the number one factor preventing companies leaving the UK from coming here. Many of them ended up in the Netherlands.
I work for a major tech company. Due to the skills shortage they’ve started posting the jobs in the countries as well instead of just Dublin, and with that, allowing people that already work in Dublin to go and live in the markets they serve. Ireland just isn’t an attractive place anymore for skilled and experienced (emphasis on experience) workers.
I wonder how many more companies will follow? The bubble is bursting.
8 comments
It’s almost as if making Housing an investment vehicle is having long term negative effects on the economy. Believe it or not, houses should depreciate in value overtime in the same way cars currently depreciate. Only the land itself should accumulate value, but even this should be at a much much lower rate than what is currently happening.
TL;DR Neoliberalism keeps shooting itself in the foot.
‘Spending in pubs was down by 28%, clothing retail dropped by 12%, and bakeries fell by 19%. Spending in restaurants also dropped by 22% and people ordered less from fast food outlets, which posted a decline of 18%. ‘
Covid money wiped out and Inflation through the roof , looks like a big contraction coming.
While we keep on importing people on min. wage jobs to work in super macs and meat factories and tourism sector. (no offence to them obv)
The head guy of Restaurant Ireland alliance recently called for tens of thousands of more work visas to be given out.
“But think of the economy! We can’t be giving everyone houses!”
No shit.
“Come to Ireland. Where the public infrastructure and services are shite and housing is insanely expensive and built out of old toilet paper rolls” doesnt exactly attract talent.
Holland has almost as good tax breaks and the country isnt run like its a Euro Giant shop
Not sure who did the survey, but during Brexit, lack of housing was cited as the number one factor preventing companies leaving the UK from coming here. Many of them ended up in the Netherlands.
I work for a major tech company. Due to the skills shortage they’ve started posting the jobs in the countries as well instead of just Dublin, and with that, allowing people that already work in Dublin to go and live in the markets they serve. Ireland just isn’t an attractive place anymore for skilled and experienced (emphasis on experience) workers.
I wonder how many more companies will follow? The bubble is bursting.
Seriously!!! I could have told them this….