Folk queuing overnight in the hope of buying a home. 2018 FG the new FF.

Socratus O' Pericles

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Interesting article in the Examiner.

Report warns housing crisis is threat to economic growth.

A new report warns that the housing crisis is now the biggest threat to our economy.

The latest outlook from Friends First predicts that average house prices will continue to rise by at least 10% in 2019.

It comes as those hoping to get on the property ladder queued overnight in the hope of buying a home in Hansfield in Dublin 15 days before they go on sale.



PJ Delaney, owns the local newsagents in nearby Ongar Village, says it is a sign of the times.





Mr Delaney said: "I think it's sad really that people are in such a desperate want for a roof over their head, but unfortunately that is the times we live in now
Meanwhile in the independent Paul Melia says:

Family home for couple on 'average' income of €92,000 now out of reach
A personal bug bear is the number of vacant and derelict sites owned by the state, which is held by officials on the basis that the HSE, CIE, Aer Rianta, the LA’s or the CS may want it some day.

https://www.independent.ie/business/personal-finance/property-mortgages/family-home-for-couple-on-average-income-of-92000-now-out-of-reach-36799198.htmla

Meanwhile the FG’ers are figuring out how to avoid legislation that would avoid the worst excesses of the land hoarders, putting son smacht on the Banks that are possibly mo re arrogant now than they were 10-12 years ago. Also the skills shortage remains unaddressed. As usual their idea of the market is to squeeze the last shilling out of those that are in need.

My mother always said there’s one thing worse than Fianna Fail and that’s Fine Gael, she was right.
 
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Golden Phoenix

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Interesting article in the Examiner.



Meanwhile in the independent Paul Melia says:



A personal bug bear is the number of vacant and derelict sites owned by the state, which is held by officials on the basis that the HSE, CIE, Aer Rianta, the LA’s or the CS may want it some day.

https://www.independent.ie/business/personal-finance/property-mortgages/family-home-for-couple-on-average-income-of-92000-now-out-of-reach-36799198.htmla

Meanwhile the FG’ers are figuring out how to avoid legislation that would avoid the worst excesses of the land hoarders, putting son smacht on the Banks that are possibly mo re arrogant now than they were 10-12 years ago. Also the skills shortage remains unaddressed. As usual their idea of the market is to squeeze the last shilling out of those that are in need.

My mother always said there’s one thing worse than Fianna Fail and that’s Fine Gael, she was right.
It's all so needless and unnecessary.

Unless you want to keep the vested interests happy and wealthy. ************************ ordinary citizens. Eoghan Murphy is impotent.
 
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Socratus O' Pericles

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Still an Income of 92k, to buy a house? That's shocking.
 

Erudite Caveman

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Interesting article in the Examiner.



Meanwhile in the independent Paul Melia says:



A personal bug bear is the number of vacant and derelict sites owned by the state, which is held by officials on the basis that the HSE, CIE, Aer Rianta, the LA’s or the CS may want it some day.

https://www.independent.ie/business/personal-finance/property-mortgages/family-home-for-couple-on-average-income-of-92000-now-out-of-reach-36799198.htmla

Meanwhile the FG’ers are figuring out how to avoid legislation that would avoid the worst excesses of the land hoarders, putting son smacht on the Banks that are possibly mo re arrogant now than they were 10-12 years ago. Also the skills shortage remains unaddressed. As usual their idea of the market is to squeeze the last shilling out of those that are in need.

My mother always said there’s one thing worse than Fianna Fail and that’s Fine Gael, she was right.
Sum up the OP: The FG government is refusing to meddle in the property market with it's magic wand because something.
 

Socratus O' Pericles

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Meanwhile, the cheerleaders are still going on about 2008, this could be worse. The banks are useless here.
 

HenryHorace

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This was always FG's endgame. Let them eat cheese.
 

carlovian

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The solution is in the Kenny report from 1973.

Allow land to be purchased at its current usable price +25%

Kenny Report (1973)

This would decrease the price of land, decrease the cost of houses and increase
supply.

It wont happen !!
 

Golden Phoenix

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Central Statistics Office today reporting a 17K increase in average house price in February 2018............compared to JANUARY 2018.
 

hammer

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Central Statistics Office today reporting a 17K increase in average house price in February 2018............compared to JANUARY 2018.
Shocking.

What should be done ?

And prices still below those of 11 years ago. The DELUDED years.

If we had 3.5% increases from 2000 onwards where would prices be today ?
 

Disillusioned democrat

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Sum up the OP: The FG government is refusing to meddle in the property market with it's magic wand because something.
I think it's fair to say FG have done plenty of meddling in the property market:

In what appears to be an unintended consequence of the seven-year Capital Gains Tax (CGT) holiday introduced by Michael Noonan in Budget 2012, buyers of land must wait until January 1, 2019 before releasing it to the market to avoid incurring a CGT liability.
Ireland introduces REIT legislation - Finance Act 2013
The new legislation is welcome at a time when there is significant overseas interest in acquiring Irish real estate.
LARGE INVESTORS SUCH as private equity companies are responsible for almost a fifth of new house purchases in Dublin over the past two years.

That’s according to a new Central Statistics Office residential property price index.
Vulture funds are using charities to avoid paying tax in Ireland, potentially costing the exchequer up to €20m a week, it has been claimed.
https://www.irishtimes.com/news/social-affairs/payments-to-landlords-surge-as-social-housing-scheme-rolled-out-1.3370076
 

Disillusioned democrat

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What could be worse?
In 2008 there was a credit bubble - there was too many over priced houses, but ultimately there WAS a home for everyone.

Now there's a genuine shortage of homes driving up the price - even with a solution to the price issue there just aren't enough houses.

Government strategy has inflated the house prices by throttling supply - now developers can drip feed the market at the artificially inflated price to maximize the profits and can build to let to provide long term income from the government.
 

hammer

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Dublin residential property prices are 23pc lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 27.5pc lower than their May 2007 peak.

We need Fianna FAIL back

Right Disillusioned :)
 

The Nal

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Dublin residential property prices are 23pc lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 27.5pc lower than their May 2007 peak.
They won't be in a year.
 

PBP voter

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FG wont make a mess of it.

SF and FF are going to replace them in a few months.

They will destroy the place.
 


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