T McGibney
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(citation needed)You'll find that when these people buy their holiday home they probably want a bit more than a washing machine repaired.
During the pandemic there was a huge increase in demand for costal detached property, basically any money that might instead have gone to places like Spain and France went instead to the Irish coast. These days that often involves a large scale renovation to bring it up the standard of the PPR especially when people moved there to work remotely - leaving the PPR vacant.
I think that's nonsense to be honest.The work that's going on for second homes is affecting people who need to do work on their PPR. It's not the main reason clearly but it's one smaller reason.
Profiteering, the practice of making or seeking to make an excessive or unfair profit, especially illegally or in a black market.Social housing, of course, should not be based on profiteering
Should people doing up their PPR have to show that they actually need that new bathroom or kitchen?You'll find that when these people buy their holiday home they probably want a bit more than a washing machine repaired.
During the pandemic there was a huge increase in demand for costal detached property, basically any money that might instead have gone to places like Spain and France went instead to the Irish coast. These days that often involves a large scale renovation to bring it up the standard of the PPR especially when people moved there to work remotely - leaving the PPR vacant.
The work that's going on for second homes is affecting people who need to do work on their PPR. It's not the main reason clearly but it's one smaller reason.
I agree with all of this and would add:Profiteering, the practice of making or seeking to make an excessive or unfair profit, especially illegally or in a black market.
Are you seriously suggesting the State is doing that? If not then edit your post or find some sort of a hyperbole filter.
I absolutely think that the State should be charging more for social housing and Tenants who have the means to do so but fail to keep up to date with their rent should be fined and have the money taken directly from their wages or welfare. The State should absolutely make sure it makes a profit on social housing.
I'd also evict anti-social tenants. If their children end up homeless that's their parents fault. If that's a problem take the kids into care.
There's absolutely no way people renting in the private sector should find themselves worse off than people who are in State provided housing, funded by the taxes of those same people renting in the private sector.
That should be the cornerstone of our welfare system; you won't be better off on welfare than working.
I'd have an immediate ban on the State buying private any housing. If they want to provide social housing they should build it.
I'd also cut HAPS, it's pricing working people out of the market. It doesn't provide a single extra home, it just distorts the market.
I just sold and am waiting to buy so I hope you’re right!A recession, that's how you "fix" it!
Neither the state nor the private sector can match the demand as-is. With QE ending & interest rate rises coming sharply into focus, you'd expect both economic activity and asset prices start to decline.
A recession, that's how you "fix" it!
Neither the state nor the private sector can match the demand as-is. With QE ending & interest rate rises coming sharply into focus, you'd expect both economic activity and asset prices start to decline.
This is another doozy brought in and as you say never created anything or solved anything. HAP spend in 2020 was almost €500m to support 60,000 families.I'd also cut HAPS,
Citation needed to show that there was a hugely increased demand by Irish people for Irish costal property due to Covid? The IT/Daft had prices up by 23% up to June 21. It's a bit higher than that now.(citation needed)
Wasn't that phenomenon nationwide?The IT/Daft had prices up by 23% up to June 21. It's a bit higher than that now.
Price of coastal homes ‘soars in wake of pandemic’
Properties near sea 23% more expensive than before Covid-19 – reportwww.irishtimes.com
Yep we are trying to find something coastal and the price difference between same size houses is a least 20%, on average, more than inland houses.Citation needed to show that there was a hugely increased demand by Irish people for Irish costal property due to Covid? The IT/Daft had prices up by 23% up to June 21. It's a bit higher than that now.
Price of coastal homes ‘soars in wake of pandemic’
Properties near sea 23% more expensive than before Covid-19 – reportwww.irishtimes.com
The argument isn't that coastal properties command a premium (we all know they've done so for donkeys years) but that there's so much work being done on second homes near the coast that tradesmen can't be got for love nor money in those places, compared to places like Dublin, Meath and Kildare that don't have a preponderance of second homes and hence no tradesmen shortages.Yep we are trying to find something coastal and the price difference between same size houses is a least 20%, on average, more than inland houses.
One house was on the market for €600k in North Wexford we got an interior designer and engineer in to estimate what would a renovation cost roughly and to our requirements both reckoned 100k to 120k not including the pool
I'm in Maynooth and its impossible to get any trade person the electrician might get to us before our holidays which is 23rd of July and hes a personal friend, plumber laughing said hows 2023 sound Paul, again have shared pints of an evening.The argument isn't that coastal properties command a premium (we all know they've done so for donkeys years) but that there's so much work being done on second homes near the coast that tradesmen can't be got for love nor money in those places, compared to places like Dublin, Meath and Kildare that don't have a preponderance of second homes and hence no tradesmen shortages.
You asked for a "citation" saying that costal prices had increased due to the pandemic.The argument isn't that coastal properties command a premium (we all know they've done so for donkeys years) but that there's so much work being done on second homes near the coast that tradesmen can't be got for love nor money in those places, compared to places like Dublin, Meath and Kildare that don't have a preponderance of second homes and hence no tradesmen shortages.
You asked for a "citation" saying that costal prices had increased due to the pandemic.
The subsidy I've seen mentioned would be a lot less than the cost of deep-retrofits that would be required on many of these. It's far more efficient to deliver a development at scale in a place with public services where people want to live.Oh I accept all this and wasn't for one minute saying that the cost of such work be ignored completely, but a rudimentary view is that retrofitting these properties would be cheaper, perhaps not , than shoving subsidies into developers pockets.
Of course then once the properties are habitable they should stay in the possession of the local authority, rents can be negotiated with the cost of maintenance included or if there are changes in circumstances rents could increase , whatever makes it equitable for all involved needs to be known and then the correct decisions made.
Ok ,and that's another consideration however we really don't know if it would be more expensive as a detailed analysis hasn't been done and I accept that it probably won't ever be done, theres little by way of income from renovation of existing properties and this as an opportunity cost would also inflate the cost of renovations.The subsidy I've seen mentioned would be a lot less than the cost of deep-retrofits that would be required on many of these. It's far more efficient to deliver a development at scale in a place with public services where people want to live.
I don’t know why the Government don’t treat housing as an emergency.
The State is generally terrible at doing things like property development and costs typically soar out of control whenever they attempt it. Look at the Children's Hospital fiasco for exampleThe government should develop the land. It would be less expensive because of economies of scale. The developed plots would be reflected in their cost, but it would work out cheaper than each developer having to carry out that work.
13 years ago, our State's top decision-makers decided we no longer needed private residential property developers
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