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Property purchase and rental prices

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By *asual777 OP   Man  over a year ago

i travel all over

Average rents for residential properties were 6.8% higher in the third quarter of the year compared to the same period in 2020, according to the latest rental report from the website Daft.ie.

Meanwhile Property prices were up 11pc in the year to August. This is the largest annual change in prices since October 2008 when prices rose by 4pc.

We all know what happened next although reckless lending isn’t a factor this time . Is a crash inevitable or can this be sustained ?

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By *ilthyNightsCouple  over a year ago

East / North, Cork

Its a national disaster.

No there isn't a crash coming. Basic economics. Properties are too short in supply and demand is too high.

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By (user no longer on site)  over a year ago

No crash as banks won't give the money or over lend ..but l Fucking HATE this Government , they now want more property tax cause the value of property has risen so they want more tax because of it , property tax should only be valued on the size of the house NOT the value simply because people are now paying a higher tax on their home which they may NEVER SELL...

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By *asual777 OP   Man  over a year ago

i travel all over


"Its a national disaster.

No there isn't a crash coming. Basic economics. Properties are too short in supply and demand is too high."

Some parties are promising increasing supply but easier said than done . Will builders and materials be available ?

What it is creating is a generational difference . Taking owning for granted can’t happen . One off housing will become much rarer also .

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By *ilthyNightsCouple  over a year ago

East / North, Cork


"Its a national disaster.

No there isn't a crash coming. Basic economics. Properties are too short in supply and demand is too high.

Some parties are promising increasing supply but easier said than done . Will builders and materials be available ?

What it is creating is a generational difference . Taking owning for granted can’t happen . One off housing will become much rarer also . "

Everyone and their dog are promising increasing supply.. its happening way too slowly though.

We managed because we bought a very old house (1860) and renovated. More can be done with disused old houses. Renovation and retrofit grants need to be increased.

New houses are so expensive to build tuay they are unaffordable for most.

Controversial opinion: Bring back cheap bedsits for students and those living alone. There isn't enough choice in the market on the low end.

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By *og-ManMan  over a year ago

somewhere


"No crash as banks won't give the money or over lend ..but l Fucking HATE this Government , they now want more property tax cause the value of property has risen so they want more tax because of it , property tax should only be valued on the size of the house NOT the value simply because people are now paying a higher tax on their home which they may NEVER SELL..."

My property tax is the exact same as last time because of the bands being wider

Apart from the property tax I also paid stamp duty of 50k back in the 90's on a house thats my home rather than an investment

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By (user no longer on site)  over a year ago

Building has all but stopped at the moment because of the process of materials and shortage of labour.

The slow down will result in material prices lowering but we need a massive influx of workers.

It won't be a bubble burst because the circumstances are much different but there will probably be a major downturn in the economy next year

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By *ichael McCarthyMan  over a year ago

Lucan


"Building has all but stopped at the moment because of the process of materials and shortage of labour.

The slow down will result in material prices lowering but we need a massive influx of workers.

It won't be a bubble burst because the circumstances are much different but there will probably be a major downturn in the economy next year "

Well no, building has not "all but stopped" unless Cork is very different to Dublin. Yes, there are supply and labour issues but the largest house builder in the state is currently substantially ramping up output.

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By *ilthyNightsCouple  over a year ago

East / North, Cork

I heard that a lot of projects are on hold because the price of materials has risen during the build to the point that the cost of building has increased beyond the expected selling price, or at least to a non-profit-making point.

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By *ichael McCarthyMan  over a year ago

Lucan

We currently have tax incentives for building hotels. Ending that will free up some construction labour.

We also need to build social housing, lots of it. The private rental market is being distorted by people who should be in social housing, instead going into the rental market armed with HAP, squeezing the supply and pushing up the prices. This in turn makes it attractive for corporate landlords to buy up entire estates, squeezing out first time buyers as well.

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By (user no longer on site)  over a year ago


"Building has all but stopped at the moment because of the process of materials and shortage of labour.

The slow down will result in material prices lowering but we need a massive influx of workers.

It won't be a bubble burst because the circumstances are much different but there will probably be a major downturn in the economy next year

Well no, building has not "all but stopped" unless Cork is very different to Dublin. Yes, there are supply and labour issues but the largest house builder in the state is currently substantially ramping up output. "

Maybe it's the smaller builder so but there has been a massive slow down in work here in the last 2 months

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By (user no longer on site)  over a year ago


"I heard that a lot of projects are on hold because the price of materials has risen during the build to the point that the cost of building has increased beyond the expected selling price, or at least to a non-profit-making point."

I have heard of at least 3 houses that either the builder pulled out or came back with a revised quote that the people building couldn't afford

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By *ichael McCarthyMan  over a year ago

Lucan


"I heard that a lot of projects are on hold because the price of materials has risen during the build to the point that the cost of building has increased beyond the expected selling price, or at least to a non-profit-making point."

Smaller companies are going to be more affected by shortages in all liklihood. I do some occasional work on sites and the larger companies import a lot of their supplies directly rather than through providers. They're also not shy about increasing prices to the house buyers either.

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By *sLittleRedRidingHoodWoman  over a year ago

Magical Forrest

Rental prices here in Donegal are through the roof. Don’t see it going down anytime soon, unfortunately.

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By (user no longer on site)  over a year ago

Helping my brother fix up his house atm after he stripped it back to a shell. Just can't get tradesmen in to do final fixes as they are all so busy.

A shit load of people had work done on their houses during the pandemic as alot banked disposable income but prices are crazy I think timber is up over 150% amongst other things.

My brothers windows took 12 weeks for the majority to be delivered and some are at 16 weeks not in because of supply issues with glass and frames. Holding up a final bit of plasters that needs done too fs!

Brexit & covid have proved a deadly combination in the North.

Houses aren't coming up to buy either or are mental prices. Ive been looking for 6-8 months and only seen 1 House worth visiting and in the rental market its the same. Only decent options are flags in the city centre but that doesn't suit me

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By *oghunter33Woman  over a year ago

on the hill NordWest of


"We currently have tax incentives for building hotels. Ending that will free up some construction labour.

We also need to build social housing, lots of it. The private rental market is being distorted by people who should be in social housing, instead going into the rental market armed with HAP, squeezing the supply and pushing up the prices. This in turn makes it attractive for corporate landlords to buy up entire estates, squeezing out first time buyers as well. "

This! It's a vicious circle and a sell out to big investors, while our cities turn into faceless building deserts, third level education becomes madly expensive due to accommodation costs and homelessness rises.

Keep voting for the same crooks!

If building had stopped, it wouldn't be impossible to get a plumber to fix my heating!

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By *og-ManMan  over a year ago

somewhere


"I heard that a lot of projects are on hold because the price of materials has risen during the build to the point that the cost of building has increased beyond the expected selling price, or at least to a non-profit-making point.

I have heard of at least 3 houses that either the builder pulled out or came back with a revised quote that the people building couldn't afford"

Steel is up 70 % this year

Timber the same

Some of my work on hold till Easter because I'm in a queue of large contractors and others cant get material till March

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By *ichael McCarthyMan  over a year ago

Lucan

[Removed by poster at 11/11/21 09:10:33]

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By *ichael McCarthyMan  over a year ago

Lucan


"I heard that a lot of projects are on hold because the price of materials has risen during the build to the point that the cost of building has increased beyond the expected selling price, or at least to a non-profit-making point.

I have heard of at least 3 houses that either the builder pulled out or came back with a revised quote that the people building couldn't afford

Steel is up 70 % this year

Timber the same

Some of my work on hold till Easter because I'm in a queue of large contractors and others cant get material till March "

I bought a sheet of marine ply in May for €54.

I bought one in August from the same supplier, same size, same source €125.

I bought one yesterday, same supplier, same size, same source.. €140

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By *ustBoWoman  over a year ago

Somewhere in Co. Down


"I heard that a lot of projects are on hold because the price of materials has risen during the build to the point that the cost of building has increased beyond the expected selling price, or at least to a non-profit-making point.

I have heard of at least 3 houses that either the builder pulled out or came back with a revised quote that the people building couldn't afford

Steel is up 70 % this year

Timber the same

Some of my work on hold till Easter because I'm in a queue of large contractors and others cant get material till March

I bought a sheet of marine ply in May for €54.

I bought one in August from the same supplier, same size, same source €125.

I bought one yesterday, same supplier, same size, same source.. €140"

The cost of timber is ridiculous at the moment I'm hoping it will drop again to a somewhat normal price.

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By *ay_Gatsby_D4Man  over a year ago

City Centre, Dublin


"We currently have tax incentives for building hotels. Ending that will free up some construction labour.

We also need to build social housing, lots of it. The private rental market is being distorted by people who should be in social housing, instead going into the rental market armed with HAP, squeezing the supply and pushing up the prices. This in turn makes it attractive for corporate landlords to buy up entire estates, squeezing out first time buyers as well. "

Social housing policy is a mess too. The part 5 legislation where a certain amount of houses in a development have to be social housing is making it easy for funds to buy up estates.

Are you going to pay 600k for a house when 20% of your estate are getting it for free?

Punters won’t but funds will swoop in

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By *ilthyNightsCouple  over a year ago

East / North, Cork


"I heard that a lot of projects are on hold because the price of materials has risen during the build to the point that the cost of building has increased beyond the expected selling price, or at least to a non-profit-making point.

I have heard of at least 3 houses that either the builder pulled out or came back with a revised quote that the people building couldn't afford

Steel is up 70 % this year

Timber the same

Some of my work on hold till Easter because I'm in a queue of large contractors and others cant get material till March

I bought a sheet of marine ply in May for €54.

I bought one in August from the same supplier, same size, same source €125.

I bought one yesterday, same supplier, same size, same source.. €140"

I needed some marine ply recently for an outdoor project. Went to my supplier. Had a small heart attack and ended up buying regular ply and treating with yacht varnish. I watch it delaminating in the garden daily feeling sad.

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By *ichael McCarthyMan  over a year ago

Lucan


"We currently have tax incentives for building hotels. Ending that will free up some construction labour.

We also need to build social housing, lots of it. The private rental market is being distorted by people who should be in social housing, instead going into the rental market armed with HAP, squeezing the supply and pushing up the prices. This in turn makes it attractive for corporate landlords to buy up entire estates, squeezing out first time buyers as well.

Social housing policy is a mess too. The part 5 legislation where a certain amount of houses in a development have to be social housing is making it easy for funds to buy up estates.

Are you going to pay 600k for a house when 20% of your estate are getting it for free?

Punters won’t but funds will swoop in"

Yeah, social housing isn't free housing.

Also, in a lot of cases, the agreed % is never built with the builder/developer instead giving money to the council in lieu of housing.

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By *asual777 OP   Man  over a year ago

i travel all over

The rent control in RPZs is start but not enough .

In the likes of Germany tenants have a lot of protections . You need to write an essay to the council if you’re a landlord trying to sell your let house

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By (user no longer on site)  over a year ago


"The rent control in RPZs is start but not enough .

In the likes of Germany tenants have a lot of protections . You need to write an essay to the council if you’re a landlord trying to sell your let house "

Try and rent somewhere in Berlin atm and come back to me

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By (user no longer on site)  over a year ago

Its not going to change anytime soon. Materials have gone through the roof, as has labour. Hence the slowdown in building which leads to higher demand for rental property and higher rents. Not all areas are covered by RPZ's.

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By (user no longer on site)  over a year ago


"Its not going to change anytime soon. Materials have gone through the roof, as has labour. Hence the slowdown in building which leads to higher demand for rental property and higher rents. Not all areas are covered by RPZ's."

The supply of housing vs the demand outdated the rapid rise in materials and shortage of labour it should be noted.

It's not helping but not the root cause

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By *osmicGateMan  over a year ago

louth

The problems all stems from the crash of 2008..construction came to to a halt.. If that level of construction continued there would be more than enough housing for all of us.. Also the fact that there has been a huge influx of foreign nationals into this country in the past 20 years.. Putting even more pressure on housing.. Government didn't take these factors into account.. Average rent in 2k euro in Dublin.. Imagine 2000 euro a month for a basic apartment.. Absolute disgrace..

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By *ewadventures2017Couple  over a year ago

some where near

And a lot of what has came in wouldn't work on batteries

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By (user no longer on site)  over a year ago

Thinking of selling my 80s 4 bed bungalow in the new year.

I don't need half the space that I have or the large work shop and gardens.

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By *asual777 OP   Man  over a year ago

i travel all over


"Thinking of selling my 80s 4 bed bungalow in the new year.

I don't need half the space that I have or the large work shop and gardens. "

I wonder if incentives for people to downsize might be useful and a way of creating supply ? There are countries like Oz which have this

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By (user no longer on site)  over a year ago

The right incentives would certainly encourage older people to sell larger properties that they no longer need or tax break to transfer to son or daughter

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By (user no longer on site)  over a year ago

Feckin impossible to get anything to rent. I’m in a bad situation as I pay the mortgage on my children’s house so rental is never going to be an option for me unfortunately unless I can get rid of the mortgage. I definitely can’t do both

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By *ilthyNightsCouple  over a year ago

East / North, Cork


"Thinking of selling my 80s 4 bed bungalow in the new year.

I don't need half the space that I have or the large work shop and gardens.

I wonder if incentives for people to downsize might be useful and a way of creating supply ? There are countries like Oz which have this "

That's been floated here before but the wrinklies get all up in arms about it

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By (user no longer on site)  over a year ago

I would much rather a smaller low maintenance home and more free time for doing fun stuff

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By *ilthyNightsCouple  over a year ago

East / North, Cork


"I would much rather a smaller low maintenance home and more free time for doing fun stuff "

Their attitude is that they worked their life to pay for it, and raised their kids there, and nobody is going to tell them that they should move out from whats theirs.

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By *og-ManMan  over a year ago

somewhere


"I would much rather a smaller low maintenance home and more free time for doing fun stuff

Their attitude is that they worked their life to pay for it, and raised their kids there, and nobody is going to tell them that they should move out from whats theirs."

The amount of big houses worth a million around is unreal and one older person living in them

Some can't afford to live or run the house but are attached to the memories..

Sell it,go on the best holiday or session ever and die living

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By *ilthyNightsCouple  over a year ago

East / North, Cork


"I would much rather a smaller low maintenance home and more free time for doing fun stuff

Their attitude is that they worked their life to pay for it, and raised their kids there, and nobody is going to tell them that they should move out from whats theirs.

The amount of big houses worth a million around is unreal and one older person living in them

Some can't afford to live or run the house but are attached to the memories..

Sell it,go on the best holiday or session ever and die living "

I guess an age comes where the memories from the house are worth more than a holiday.

No biggies they will die soon and the adult kids will sell the big house, make a killing, and some rich family will move in

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By (user no longer on site)  over a year ago


"We currently have tax incentives for building hotels. Ending that will free up some construction labour.

We also need to build social housing, lots of it. The private rental market is being distorted by people who should be in social housing, instead going into the rental market armed with HAP, squeezing the supply and pushing up the prices. This in turn makes it attractive for corporate landlords to buy up entire estates, squeezing out first time buyers as well. "

Agreed.

And there needs to be more creativity and imagination in using existing buildings and existing spaces. For every step of the way in terms of accommodation, from first time renters like students, to older people who move into needing care.

Its despairing the way it is today, focussed on profit rather than social need

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By (user no longer on site)  over a year ago


"I would much rather a smaller low maintenance home and more free time for doing fun stuff

Their attitude is that they worked their life to pay for it, and raised their kids there, and nobody is going to tell them that they should move out from whats theirs.

The amount of big houses worth a million around is unreal and one older person living in them

Some can't afford to live or run the house but are attached to the memories..

Sell it,go on the best holiday or session ever and die living "

Downsize to a cottage in west cork would be nice

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By *rsmiley69Man  over a year ago

Cavan Monaghan

Hopefully the prices hold or go up more, trying to get a property tidied up to put on the market

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By *og-ManMan  over a year ago

somewhere


"Hopefully the prices hold or go up more, trying to get a property tidied up to put on the market "

To be honest I hope they drop for the sake of those buying

Its hard when one of your children tell you they've saved 30K in a year towards a house and the average price has gone up by 50K in the same year

I couldn't care if my home dropped in price....I paid a certain amount for it,I own it and I'm not selling it even it its gone up 300% since I bought it

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By (user no longer on site)  over a year ago

I thought saving my deposit was gonna be the hard part….how wrong was I

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By *og-ManMan  over a year ago

somewhere


"I thought saving my deposit was gonna be the hard part….how wrong was I "

Saving the deposit was always the hard part

It used to be a normal part of life

You lived at home didnt go out for a year and saved your deposit

Now rent is bigger than any mortgage so you can't save the deposit

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By (user no longer on site)  over a year ago


"I thought saving my deposit was gonna be the hard part….how wrong was I

Saving the deposit was always the hard part

It used to be a normal part of life

You lived at home didnt go out for a year and saved your deposit

Now rent is bigger than any mortgage so you can't save the deposit"

Jesus Christ there should be free state funded counselling sessions amd support groups for the time spent back at your parents when saving a deposit.

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By *og-ManMan  over a year ago

somewhere


"I thought saving my deposit was gonna be the hard part….how wrong was I

Saving the deposit was always the hard part

It used to be a normal part of life

You lived at home didnt go out for a year and saved your deposit

Now rent is bigger than any mortgage so you can't save the deposit

Jesus Christ there should be free state funded counselling sessions amd support groups for the time spent back at your parents when saving a deposit."

I'd say the parents need them also

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By (user no longer on site)  over a year ago


"I thought saving my deposit was gonna be the hard part….how wrong was I

Saving the deposit was always the hard part

It used to be a normal part of life

You lived at home didnt go out for a year and saved your deposit

Now rent is bigger than any mortgage so you can't save the deposit

Jesus Christ there should be free state funded counselling sessions amd support groups for the time spent back at your parents when saving a deposit."

For the parents, definitely

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By (user no longer on site)  over a year ago

I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

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By * la carteCouple  over a year ago

Dublin


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k"

How you doin

Wait for that inbox to fill now

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By (user no longer on site)  over a year ago


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now "

Got a bit carried away there with details….. I needed to vent

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By *og-ManMan  over a year ago

somewhere


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now

Got a bit carried away there with details….. I needed to vent "

Glad you didn't come to the social now and saved a few euro..

You're right to vent....property market is completely fucked

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By * la carteCouple  over a year ago

Dublin


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now

Got a bit carried away there with details….. I needed to vent "

Anymore interesting facts we should be privvy off...like rich, dying relatives on the other side of the world you have never heard of leaving you a small fortune

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By (user no longer on site)  over a year ago


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now

Got a bit carried away there with details….. I needed to vent

Anymore interesting facts we should be privvy off...like rich, dying relatives on the other side of the world you have never heard of leaving you a small fortune "

He's like myself. I don't like to brag about my €14 million euro millions win. I don't tell anyone about it

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By * la carteCouple  over a year ago

Dublin


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now

Got a bit carried away there with details….. I needed to vent

Anymore interesting facts we should be privvy off...like rich, dying relatives on the other side of the world you have never heard of leaving you a small fortune

He's like myself. I don't like to brag about my €14 million euro millions win. I don't tell anyone about it"

Ah sure, why would you - that's peanuts

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By (user no longer on site)  over a year ago


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now

Got a bit carried away there with details….. I needed to vent

Anymore interesting facts we should be privvy off...like rich, dying relatives on the other side of the world you have never heard of leaving you a small fortune

He's like myself. I don't like to brag about my €14 million euro millions win. I don't tell anyone about it

Ah sure, why would you - that's peanuts "

Exactly. It's the money I got emailed from a Nigerian prince that I'd be bragging about serious dollars

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By * la carteCouple  over a year ago

Dublin


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now

Got a bit carried away there with details….. I needed to vent

Anymore interesting facts we should be privvy off...like rich, dying relatives on the other side of the world you have never heard of leaving you a small fortune

He's like myself. I don't like to brag about my €14 million euro millions win. I don't tell anyone about it

Ah sure, why would you - that's peanuts

Exactly. It's the money I got emailed from a Nigerian prince that I'd be bragging about serious dollars "

I'm sure my sheikh is wealthier than yours...not that I want to brag like .. would hate to get into a cock fight with you

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By (user no longer on site)  over a year ago


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now

Got a bit carried away there with details….. I needed to vent

Anymore interesting facts we should be privvy off...like rich, dying relatives on the other side of the world you have never heard of leaving you a small fortune "

I’m a compulsive liar

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By (user no longer on site)  over a year ago


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now

Got a bit carried away there with details….. I needed to vent

Anymore interesting facts we should be privvy off...like rich, dying relatives on the other side of the world you have never heard of leaving you a small fortune

I’m a compulsive liar "

I find that hard to believe

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By * la carteCouple  over a year ago

Dublin


"I sacrificed everything and put life on pause for 2 years to save 30k and have been approved over a year and just cannot secure anything, 2-3 viewings a week, some with over 70 people viewing, constantly outbid or priced out before I can make an offer. It’s bloody tough. Only upside is I’ve saved another 15k

How you doin

Wait for that inbox to fill now

Got a bit carried away there with details….. I needed to vent

Anymore interesting facts we should be privvy off...like rich, dying relatives on the other side of the world you have never heard of leaving you a small fortune

I’m a compulsive liar "

That makes you unique here you should use it as your USP

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By *asual777 OP   Man  over a year ago

i travel all over

Made a couple of offers on a small place as an investment in the west and it’s just unreal .

Already at 30 per cent over asking price less than 2 days after viewings started

Remarkable

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By *og-ManMan  over a year ago

somewhere


"Made a couple of offers on a small place as an investment in the west and it’s just unreal .

Already at 30 per cent over asking price less than 2 days after viewings started

Remarkable "

Do you not think others trying to invest in the market are causing that...a double edged sword

I hope there's a massive collapse in house prices....couldn't care what I paid for mine its gone up 300% since i bought it...how much do I need it to increase when I hope to come out of it in a coffin.

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By (user no longer on site)  over a year ago

young people dont want to work in the building trade, I am working in it for 12 years and never was asked once for an apprenticeship, everybody I talk to in the buiding is up to their neck in work and very much overstretched. On the other side of the spectrum I feel that too many people are paying rent rates that should be mortgages, so who gets to buy? ; the rich landlords, back to modern feudalism.

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By (user no longer on site)  over a year ago


"Made a couple of offers on a small place as an investment in the west and it’s just unreal .

Already at 30 per cent over asking price less than 2 days after viewings started

Remarkable "

Lack of supply

Tis awful expensive to buy in the whest right now

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By *ichael McCarthyMan  over a year ago

Lucan


"Made a couple of offers on a small place as an investment in the west and it’s just unreal .

Already at 30 per cent over asking price less than 2 days after viewings started

Remarkable

Do you not think others trying to invest in the market are causing that...a double edged sword

I hope there's a massive collapse in house prices....couldn't care what I paid for mine its gone up 300% since i bought it...how much do I need it to increase when I hope to come out of it in a coffin.

"

The problem with that though is that once house prices even stagnate, never mind collapse, builders stop building and banks tighten their lending criteria where they basically stop lending except to the very cash rich people.

A good supply of houses stops prices rising and will bring rental prices down but it doesn't bring down house prices as such.

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By *ilthyNightsCouple  over a year ago

East / North, Cork


"Made a couple of offers on a small place as an investment in the west and it’s just unreal .

Already at 30 per cent over asking price less than 2 days after viewings started

Remarkable

Do you not think others trying to invest in the market are causing that...a double edged sword

"

THIS. Houses need to be homes not investment vehicles.

Not a personal dig casual.. I hope you rent it out at a reasonable rate to a family who need it.

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By *oghunter33Woman  over a year ago

on the hill NordWest of


"young people dont want to work in the building trade, I am working in it for 12 years and never was asked once for an apprenticeship, everybody I talk to in the buiding is up to their neck in work and very much overstretched. On the other side of the spectrum I feel that too many people are paying rent rates that should be mortgages, so who gets to buy? ; the rich landlords, back to modern feudalism. "

Trying to find a builder for a small job, ansolute absolute impossible. Will probably ending up doing it myself although it would be pure madness out of despair.

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By *ilthyNightsCouple  over a year ago

East / North, Cork


"Trying to find a builder for a small job, ansolute absolute impossible. Will probably ending up doing it myself although it would be pure madness out of despair.

"

Lolz. Inbox explosion incoming

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By *asual777 OP   Man  over a year ago

i travel all over


"Made a couple of offers on a small place as an investment in the west and it’s just unreal .

Already at 30 per cent over asking price less than 2 days after viewings started

Remarkable

Do you not think others trying to invest in the market are causing that...a double edged sword

THIS. Houses need to be homes not investment vehicles.

Not a personal dig casual.. I hope you rent it out at a reasonable rate to a family who need it."

I have pulled out as I am not contributing to this madness

But morality won’t solve this , government intervention will

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By *oghunter33Woman  over a year ago

on the hill NordWest of


"Made a couple of offers on a small place as an investment in the west and it’s just unreal .

Already at 30 per cent over asking price less than 2 days after viewings started

Remarkable

Do you not think others trying to invest in the market are causing that...a double edged sword

THIS. Houses need to be homes not investment vehicles.

Not a personal dig casual.. I hope you rent it out at a reasonable rate to a family who need it.

I have pulled out as I am not contributing to this madness

But morality won’t solve this , government intervention will "

This and former governments have no desire or intention to plan, develop and establish a sustainable housing market. There's too much money to be made filling their pockets.

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By (user no longer on site)  over a year ago

I was renting one of my spare (3 bedroom) property for 10 years to Dublin council for 1600 a month, payments were always on time only once or twice was delayed in these 10 yrs but the way tenants left the property is disaster.

Holes are in every single wall in apartmen, i nearly spent €25000 to fix all mess and council didn't take no responsibility instead they said to me to hold deposit which was only €2000......now I can understand why landlords doesn't want to rent to generous prices.....5-6 complaints per year for loud parties.....disaster

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By (user no longer on site)  over a year ago

I have read all the comments here and every one is true , it's a seller's market atm , most houses are now not " up for sale " they are " up for auction " and there's a huge difference , a house went for €74,000 more than the asking price simply because it's was " up for auction " , the Government don't care simply because 1..most , if not all , are landlords , and 2 they get a huge slice in tax if a property is sold , they do nothing to help people looking for a house imho , but you can talk about it till the cows come home, house prices are gone up , materials to build are gone up , there's a huge shortage of tradesmen in the Country , l know of one company who are paying blocklayers €3 a block just to hold onto them , no blocklayers no building .

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By (user no longer on site)  over a year ago


"I was renting one of my spare (3 bedroom) property for 10 years to Dublin council for 1600 a month, payments were always on time only once or twice was delayed in these 10 yrs but the way tenants left the property is disaster.

Holes are in every single wall in apartmen, i nearly spent €25000 to fix all mess and council didn't take no responsibility instead they said to me to hold deposit which was only €2000......now I can understand why landlords doesn't want to rent to generous prices.....5-6 complaints per year for loud parties.....disaster"

In Austria you leave the apartment exactly how you got it , if it needs painting you paint it , if the said apartment is not in the same condition as you rented it you are fined , total different attitude there and how many apartments are thrashed ..none .

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By *urfdudeMan  over a year ago

WEXFORD

This is basic economics, supply and demand and there is a shortage currently due to lack of building in 2010 on, landlords are getting out of the market for various reasons also.

The supply looks smaller than it is as the sellers and rental agents dont have to advertise properties on daft as they have a customers waiting for properties,

This is saving them advertising fees so the figures on Daft.ie are not an accurate representation of what is available and is distorting the figures.

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By *oghunter33Woman  over a year ago

on the hill NordWest of


"I was renting one of my spare (3 bedroom) property for 10 years to Dublin council for 1600 a month, payments were always on time only once or twice was delayed in these 10 yrs but the way tenants left the property is disaster.

Holes are in every single wall in apartmen, i nearly spent €25000 to fix all mess and council didn't take no responsibility instead they said to me to hold deposit which was only €2000......now I can understand why landlords doesn't want to rent to generous prices.....5-6 complaints per year for loud parties.....disaster"

Must have been massive holes that it costed you 25K...

On a more serious note, beside weak legislation/regulation of the rental market I think one problem is that almost all rental properties are furnished. The landlord throws the cheapest crappiest furnitures into the flat to limit any finacial damage. Tenant perceives shabby furnitures as exactly what they are: Rubbish and therefore give a flying pancake and doesn't take much care for the flat either. As a result property get a hard wear and tear.

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By *og-ManMan  over a year ago

somewhere

I think the average rent figures are also only new rentals that are notified

There's thousands of rents that are not in that and people are paying less than average because they're long term tennants

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By *ubal1Man  over a year ago

Newry Down

In the Republic, most successive governments abjectly failed to properly provide for the needs of society; when the state was founded, housing was in a dreadful state but hundreds of thousands of houses were built by local councils all over the country., and many still exist. They were well built.

There is a lot of land in Dublin and other cities, owned by the religious orders that could be used for social housing; instead it is being sold for phenomenal sums to developers whose motive is solely profit.

Irish governments have failed in this regard.

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By *ichael McCarthyMan  over a year ago

Lucan


"I think the average rent figures are also only new rentals that are notified

There's thousands of rents that are not in that and people are paying less than average because they're long term tennants "

It depends where you're getting your figures from. If you're talking about the likes of the daft.ie rental reports then yes, they just compile figures from advertised prices on their own site.

If you're talking about RTB figures, which are closer to the real deal, I believe they compile them from all tenancies registered with them. That's the theory at least. There are plenty of tenancies not registered in sure, but I don't know if there's enough to sway the statistics.

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By *ichael McCarthyMan  over a year ago

Lucan


"In the Republic, most successive governments abjectly failed to properly provide for the needs of society; when the state was founded, housing was in a dreadful state but hundreds of thousands of houses were built by local councils all over the country., and many still exist. They were well built.

There is a lot of land in Dublin and other cities, owned by the religious orders that could be used for social housing; instead it is being sold for phenomenal sums to developers whose motive is solely profit.

Irish governments have failed in this regard.

"

A much bigger failing is where councils in the Dublin area have sold off parcels of their own land to developers for a fraction of its value, only to have to buy houses from the same developer for market value. Now that is a disaster.

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By *og-ManMan  over a year ago

somewhere


"In the Republic, most successive governments abjectly failed to properly provide for the needs of society; when the state was founded, housing was in a dreadful state but hundreds of thousands of houses were built by local councils all over the country., and many still exist. They were well built.

There is a lot of land in Dublin and other cities, owned by the religious orders that could be used for social housing; instead it is being sold for phenomenal sums to developers whose motive is solely profit.

Irish governments have failed in this regard.

A much bigger failing is where councils in the Dublin area have sold off parcels of their own land to developers for a fraction of its value, only to have to buy houses from the same developer for market value. Now that is a disaster. "

They also took money instead of 15% social housing per estate built over a certain size

They were meant to use this money to build social housing and didn't bother

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By *ubal1Man  over a year ago

Newry Down

In Ireland, exploitation of housing and other resources by the foreign coloniser for hundreds of years, was terminated by the Land Commission and Independence, that was then followed by a period of optimism and growth in council housing provision; that was progressively abandoned to be replaced by homegrown profiteers and exploiters who preyed on workers' need for somewhere to live.

Central government, the Dail and Seanad should have more proactively intervened; the current shambles lies at their doorstep.

When the religious orders failed to pay up for the abuse scandals,lands should have been seized and a public building programming instituted.

Vulture funds, another form of exploitation should have been outlawed, etc.

The powerless at the bottom of the social pile always get dumped upon!

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By (user no longer on site)  over a year ago


"In Ireland, exploitation of housing and other resources by the foreign coloniser for hundreds of years, was terminated by the Land Commission and Independence, that was then followed by a period of optimism and growth in council housing provision; that was progressively abandoned to be replaced by homegrown profiteers and exploiters who preyed on workers' need for somewhere to live.

Central government, the Dail and Seanad should have more proactively intervened; the current shambles lies at their doorstep.

When the religious orders failed to pay up for the abuse scandals,lands should have been seized and a public building programming instituted.

Vulture funds, another form of exploitation should have been outlawed, etc.

The powerless at the bottom of the social pile always get dumped upon!

"

This Government and other Governments should have stood against such things but what did they do ?.. Nothing ...they sold out , what the Government did to the lower and middle income earners of this country was scandalous , bailed out the banks , the people bailed out the banks but you wouldn't think that today .

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By *ichael McCarthyMan  over a year ago

Lucan


"In Ireland, exploitation of housing and other resources by the foreign coloniser for hundreds of years, was terminated by the Land Commission and Independence, that was then followed by a period of optimism and growth in council housing provision; that was progressively abandoned to be replaced by homegrown profiteers and exploiters who preyed on workers' need for somewhere to live.

Central government, the Dail and Seanad should have more proactively intervened; the current shambles lies at their doorstep.

When the religious orders failed to pay up for the abuse scandals,lands should have been seized and a public building programming instituted.

Vulture funds, another form of exploitation should have been outlawed, etc.

The powerless at the bottom of the social pile always get dumped upon!

"

While the land commission was a good effort and did a lot of valuable redistr in its earlier days, it became one of the most corrupt bodies in the state towards its demise, being destroyed by political interference.

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By (user no longer on site)  over a year ago


"In Ireland, exploitation of housing and other resources by the foreign coloniser for hundreds of years, was terminated by the Land Commission and Independence, that was then followed by a period of optimism and growth in council housing provision; that was progressively abandoned to be replaced by homegrown profiteers and exploiters who preyed on workers' need for somewhere to live.

Central government, the Dail and Seanad should have more proactively intervened; the current shambles lies at their doorstep.

When the religious orders failed to pay up for the abuse scandals,lands should have been seized and a public building programming instituted.

Vulture funds, another form of exploitation should have been outlawed, etc.

The powerless at the bottom of the social pile always get dumped upon!

While the land commission was a good effort and did a lot of valuable redistr in its earlier days, it became one of the most corrupt bodies in the state towards its demise, being destroyed by political interference. "

Ach sure, housing won't be a problem anymore once the next bill for housing is passed.

The Thirty-ninth Amendment of the Constitution (Right to Housing) Bill 2020 reached 2nd Stage in the Oireachtas in June 2021.

Note it's called Right to housing NOT Right to own your private home or holiday home or investment home aka your pension fund.

It is proposed to amend the Constitution by virtue of Article 46 to insert the following:

1° The State, in particular, recognises the common good as including the right to secure, affordable, dignified housing, appropriate to need, for all the residents of Ireland and shall guarantee this right through its laws, policies and the prioritisation of resources.

2° The State, accordingly, shall delimit the right to private property where it is necessary to ensure the common good and to vindicate the said right to housing for all residents of Ireland.

Note residents, not citizens.

Note "delimit the right to private property" aka Klaus Schwab's (World Economic Forum) famous quote: "I own nothing and I'll be happy".

Once you lot have passed this bill by referendum, all in the eyes of the common good, because no doubt the campaign will be worded in such a way!

None of you will believe the state will actually take you or your parents out of their residential home, that has now become "too big for need" as the youngsters have flown the nest. That they'll be relocated to more "suitable" homes.

Note how broadly it is worded. Who the fuck decides on the definition of "common good", "dignified housing ", "appropriate to need"?!

If you lot think the government will go after the vulture funds, the politicians with several homes and investment properties, the rich, famous, the superwealthy, you'll be rethinking soon enough!

Because fuck no, it'll be the average Joe Blogg, who's worked his ass off doing overtime, shift work, second jobs to buy a run down house in the countryside to do up as a project for his family to get away occasionally. It's people like you and me. They're the easy targets.

And with interest rates rising, these people won't be able to afford their mortgages or the interest. They'll be targeted first.

But it's all a conspiracy.

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By (user no longer on site)  over a year ago


"In Ireland, exploitation of housing and other resources by the foreign coloniser for hundreds of years, was terminated by the Land Commission and Independence, that was then followed by a period of optimism and growth in council housing provision; that was progressively abandoned to be replaced by homegrown profiteers and exploiters who preyed on workers' need for somewhere to live.

Central government, the Dail and Seanad should have more proactively intervened; the current shambles lies at their doorstep.

When the religious orders failed to pay up for the abuse scandals,lands should have been seized and a public building programming instituted.

Vulture funds, another form of exploitation should have been outlawed, etc.

The powerless at the bottom of the social pile always get dumped upon!

While the land commission was a good effort and did a lot of valuable redistr in its earlier days, it became one of the most corrupt bodies in the state towards its demise, being destroyed by political interference.

Ach sure, housing won't be a problem anymore once the next bill for housing is passed.

The Thirty-ninth Amendment of the Constitution (Right to Housing) Bill 2020 reached 2nd Stage in the Oireachtas in June 2021.

Note it's called Right to housing NOT Right to own your private home or holiday home or investment home aka your pension fund.

It is proposed to amend the Constitution by virtue of Article 46 to insert the following:

1° The State, in particular, recognises the common good as including the right to secure, affordable, dignified housing, appropriate to need, for all the residents of Ireland and shall guarantee this right through its laws, policies and the prioritisation of resources.

2° The State, accordingly, shall delimit the right to private property where it is necessary to ensure the common good and to vindicate the said right to housing for all residents of Ireland.

Note residents, not citizens.

Note "delimit the right to private property" aka Klaus Schwab's (World Economic Forum) famous quote: "I own nothing and I'll be happy".

Once you lot have passed this bill by referendum, all in the eyes of the common good, because no doubt the campaign will be worded in such a way!

None of you will believe the state will actually take you or your parents out of their residential home, that has now become "too big for need" as the youngsters have flown the nest. That they'll be relocated to more "suitable" homes.

Note how broadly it is worded. Who the fuck decides on the definition of "common good", "dignified housing ", "appropriate to need"?!

If you lot think the government will go after the vulture funds, the politicians with several homes and investment properties, the rich, famous, the superwealthy, you'll be rethinking soon enough!

Because fuck no, it'll be the average Joe Blogg, who's worked his ass off doing overtime, shift work, second jobs to buy a run down house in the countryside to do up as a project for his family to get away occasionally. It's people like you and me. They're the easy targets.

And with interest rates rising, these people won't be able to afford their mortgages or the interest. They'll be targeted first.

But it's all a conspiracy. "

This Government and all the other Governments ..past and future did not or will not go after anything that will take out of their pockets , they don't give a f**k once they are paid their lotto style money through wages , expenses or rent,they make their money off the backs of hard pressed people . The only thing they pay is lip service.

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