Does this increase the amount of apartments being built?
Surely the state will bulk build apartments is a much better headline. They could sub out the trades separately themselves. They wouldn’t have to hire a hundred thousand tradesmen, they would just need a building company set up.
There’s fellas out in the countryside with nothing but a few hundred grand and planning permission who can manage it, why can’t the state.
Bulk departments, but no doubt, won’t be getting any discounts
The state’s mode of action regarding how they seek to grow supply is both odd and invariably favours the private sector.
1st off, a disclosure of my own interest/bias.
I am a landlord, I do have skin in the game here. Not a lot, only a house and one that after costs breaks even and with any further rise in interest rates?
Will likely be at a loss for a little while.
That said, it’s covered it’s costs and built a sinking fund that will ensure my tenants aren’t hit with a rise in the rent on their home.
The issues around housing supply, demand and indeed homelessness are a long running saga in this country. The growth of families finding themselves in this position has been quite stark since the turn of the century and accelerated post 2013.
Demand being driven by a cohort of Single people and young couples that were previously catered for by bedsits. Now don’t take this as my supporting a “Stack ’em high” rental model based on bedsits.
I don’t, people need more than just the bare minimum.
I do firmly believe however that the removal of that basic tier of accommodation drove a range of shortages and tightening of supply across Irish rentals.
The single person/Young couple were now competing for Studio and 1 bedroom apartments that were never in high enough supply.
Students and young professionals starting out who’d usuall take digs or houseshares?
Well now they are thrown into the maelstrom of rising prices and reducing supplies.
With Colleges building far too few units for their student numbers.
With Cities struggling to house students, workers and esp families, the Council’s rather than building more units. Turned to utilising HAP and RA to hoover up private supply and that further reduces affordability for everyone else and drives ever increasing prices.
Now the panacea isn’t having the Council’s build more estates. The lessons of Ballymun, Moyross, Mayfield and other failed council estates must be heeded.
There needs to be a seachange in how housing and in particular social housing is delivered.
I don’t believe that means throwing money at the private sector to build units.
The state has the opportunity to follow models such as Vienna, to do it better rather than push out the reckoning.
I don’t know what the best answer to the ongoing and let’s be fair, very longstanding supply issues are.
I do not believe however, that it’s more money to private builders.
What puzzles me is at such a late stage in the game they are doing this. It’s been a crisis for years..
I would have expected at this late stage that they already would have exhausted multiple feasibility/cost analysis studies on the options and have known for years if this is a good option or not.. I mean it’s not exactly an innovative option. It’s one of a few most obvious options but they are only deciding to only run with it now..
As others have said this isn’t the solution. The problem is that there isn’t enough housing stock. The government have not been successful in building enough social and affordable housing.
I want to know what sort of deal we get.
This will have no affect for years just election servicing
Sweet. Push prices even higher for first time buyers.
Imagine if the state would bulk *build* apartments, like it used to?
Imagine if the state would bulk *build* apartments, like it used to?
“We’ve tried nothing. We’re all outta idea. Oh shit there’s a construction recession coming.
YES.
Let’s bail some developers out under the guise of easing the housing crisis and hope the idiots that voted for us don’t notice.”
The government, probably.
Great Reset
The state are going to outbid first time buyers with tax payers money?
Developers will be getting their full price without having to market the apartment/ houses.
They know how to throw fuel onto a fire.
There is so much housing stock getting on the market. Look around you, everywhere are buildings being built to rent by REITs. They are expecting extortionate rents for these which no one can or is willing to pay.
State comes onto the stage. Say they are willing to buy the apartments from REITs for social/affordable housing.
REITs get massive profits by selling to the state.
Pure speculation on my side, but it does sound plausible.
14 comments
Does this increase the amount of apartments being built?
Surely the state will bulk build apartments is a much better headline. They could sub out the trades separately themselves. They wouldn’t have to hire a hundred thousand tradesmen, they would just need a building company set up.
There’s fellas out in the countryside with nothing but a few hundred grand and planning permission who can manage it, why can’t the state.
Bulk departments, but no doubt, won’t be getting any discounts
The state’s mode of action regarding how they seek to grow supply is both odd and invariably favours the private sector.
1st off, a disclosure of my own interest/bias.
I am a landlord, I do have skin in the game here. Not a lot, only a house and one that after costs breaks even and with any further rise in interest rates?
Will likely be at a loss for a little while.
That said, it’s covered it’s costs and built a sinking fund that will ensure my tenants aren’t hit with a rise in the rent on their home.
The issues around housing supply, demand and indeed homelessness are a long running saga in this country. The growth of families finding themselves in this position has been quite stark since the turn of the century and accelerated post 2013.
Demand being driven by a cohort of Single people and young couples that were previously catered for by bedsits. Now don’t take this as my supporting a “Stack ’em high” rental model based on bedsits.
I don’t, people need more than just the bare minimum.
I do firmly believe however that the removal of that basic tier of accommodation drove a range of shortages and tightening of supply across Irish rentals.
The single person/Young couple were now competing for Studio and 1 bedroom apartments that were never in high enough supply.
Students and young professionals starting out who’d usuall take digs or houseshares?
Well now they are thrown into the maelstrom of rising prices and reducing supplies.
With Colleges building far too few units for their student numbers.
With Cities struggling to house students, workers and esp families, the Council’s rather than building more units. Turned to utilising HAP and RA to hoover up private supply and that further reduces affordability for everyone else and drives ever increasing prices.
Now the panacea isn’t having the Council’s build more estates. The lessons of Ballymun, Moyross, Mayfield and other failed council estates must be heeded.
There needs to be a seachange in how housing and in particular social housing is delivered.
I don’t believe that means throwing money at the private sector to build units.
The state has the opportunity to follow models such as Vienna, to do it better rather than push out the reckoning.
I don’t know what the best answer to the ongoing and let’s be fair, very longstanding supply issues are.
I do not believe however, that it’s more money to private builders.
What puzzles me is at such a late stage in the game they are doing this. It’s been a crisis for years..
I would have expected at this late stage that they already would have exhausted multiple feasibility/cost analysis studies on the options and have known for years if this is a good option or not.. I mean it’s not exactly an innovative option. It’s one of a few most obvious options but they are only deciding to only run with it now..
As others have said this isn’t the solution. The problem is that there isn’t enough housing stock. The government have not been successful in building enough social and affordable housing.
I want to know what sort of deal we get.
This will have no affect for years just election servicing
Sweet. Push prices even higher for first time buyers.
Imagine if the state would bulk *build* apartments, like it used to?
Imagine if the state would bulk *build* apartments, like it used to?
“We’ve tried nothing. We’re all outta idea. Oh shit there’s a construction recession coming.
YES.
Let’s bail some developers out under the guise of easing the housing crisis and hope the idiots that voted for us don’t notice.”
The government, probably.
Great Reset
The state are going to outbid first time buyers with tax payers money?
Developers will be getting their full price without having to market the apartment/ houses.
They know how to throw fuel onto a fire.
There is so much housing stock getting on the market. Look around you, everywhere are buildings being built to rent by REITs. They are expecting extortionate rents for these which no one can or is willing to pay.
State comes onto the stage. Say they are willing to buy the apartments from REITs for social/affordable housing.
REITs get massive profits by selling to the state.
Pure speculation on my side, but it does sound plausible.