Demand > Supply; Alot of people have alot of money.
daenaethra on
can’t read because I’m saving for a house
johnfuckingtravolta on
Why not, sure.
okdrjones on
Because the Government is actively inflating housing prices with their policies, and never had and never do have any intention of trying to get the cost down.
Ok_Hand_7500 on
Because all of the people governing the country are landlords who don’t want to inadvertently hurt their income by increasing supply
It’s a conflict of interest, neglect, huge foreign investment, refusal to build a decent commie block that’s not a social housing project.
Apprehensive_Ratio80 on
Probably a multitude of factors and not just one single thing
Shhhh_Peaceful on
Probably because demand-side solutions can’t solve supply-side issues.
Professional_Elk_489 on
Are they surging ahead of inflation? Pretty sure houses prices have lost out massively since 2007 when adjusted for inflation
Imbecile_Jr on
Gee I wonder. Maybe if we keep voting FFfG we will find out some day.
Hardtoclose on
Maybe it’s really expensive to develop property here? Ah no, that can’t be it, must be a conspiracy.
Kanye_Wesht on
Anybody able to read it or should we all just argue about it without knowing what it said?
ztzb12 on
The population is growing by 100,000+ a year. We’re building circa 35,000 housing units a year. The only way house prices are going to is up, based on that alone.
We aren’t building enough homes to house new arrivals to the country, nevermind make a dent in the housing crisis or replace any older homes.
21stCenturyVole on
Because FF/FG/Greens would turn all of you into compost so long as they land a board position after office.
das_punter on
And some wonder why FG are polling so well. Get on the ladder and pull it up behind you.
Frozenlime on
We need policies that results in greater supply of housing. This means policies that reduces the cost of building houses and making it easier to gain planning permission.
14ned on
Something interesting the article mentions is if you remove from new builds completed self build one off houses and those bought by government or by pension funds, only a small fraction actually goes to the open market for purchase.
Until that fraction rises much higher, house prices will continue to climb. People keep saying 30k new houses get built, but if only a few thousand are available for purchase, no wonder prices climb.
If individuals were guaranteed first refusal on all new builds, and the government and pension funds had to take whatever individuals didn’t want, I wonder if it would impact supply by much?
Serotonin85 on
Supply and demand!!!
litrinw on
Ultimately it comes down to government policy. We can’t keep pursuing policies that A: Don’t inconvenience anyone and B: don’t accept that house prices need to fall.
senditup on
It’s almost like dramatically increasing demand will do that, how weird.
Satur9es on
By design. Builders have a stranglehold on supply of a necessity. Not in there interest to “Solve” their problem. As far as they are concerned it’s a boon. And until the Irish political system steps in as a supplier the problem will exist. And that isn’t going to happen.
Didyoufartjustthere on
How many people with the kids all moved out now living in a 3/4 bed they don’t need. No incentive to downsize due to stamp duty, renovations in a lot of cases and legal costs. Not worth it to move so why would they. If there was a little nest egg for them they might consider it but it’s not worth the stress and loss of their life long home for so little back.
23 Comments
Demand > Supply; Alot of people have alot of money.
can’t read because I’m saving for a house
Why not, sure.
Because the Government is actively inflating housing prices with their policies, and never had and never do have any intention of trying to get the cost down.
Because all of the people governing the country are landlords who don’t want to inadvertently hurt their income by increasing supply
It’s a conflict of interest, neglect, huge foreign investment, refusal to build a decent commie block that’s not a social housing project.
Probably a multitude of factors and not just one single thing
Probably because demand-side solutions can’t solve supply-side issues.
Are they surging ahead of inflation? Pretty sure houses prices have lost out massively since 2007 when adjusted for inflation
Gee I wonder. Maybe if we keep voting FFfG we will find out some day.
Maybe it’s really expensive to develop property here? Ah no, that can’t be it, must be a conspiracy.
Anybody able to read it or should we all just argue about it without knowing what it said?
The population is growing by 100,000+ a year. We’re building circa 35,000 housing units a year. The only way house prices are going to is up, based on that alone.
We aren’t building enough homes to house new arrivals to the country, nevermind make a dent in the housing crisis or replace any older homes.
Because FF/FG/Greens would turn all of you into compost so long as they land a board position after office.
And some wonder why FG are polling so well. Get on the ladder and pull it up behind you.
We need policies that results in greater supply of housing. This means policies that reduces the cost of building houses and making it easier to gain planning permission.
Something interesting the article mentions is if you remove from new builds completed self build one off houses and those bought by government or by pension funds, only a small fraction actually goes to the open market for purchase.
Until that fraction rises much higher, house prices will continue to climb. People keep saying 30k new houses get built, but if only a few thousand are available for purchase, no wonder prices climb.
If individuals were guaranteed first refusal on all new builds, and the government and pension funds had to take whatever individuals didn’t want, I wonder if it would impact supply by much?
Supply and demand!!!
Ultimately it comes down to government policy. We can’t keep pursuing policies that A: Don’t inconvenience anyone and B: don’t accept that house prices need to fall.
It’s almost like dramatically increasing demand will do that, how weird.
By design. Builders have a stranglehold on supply of a necessity. Not in there interest to “Solve” their problem. As far as they are concerned it’s a boon. And until the Irish political system steps in as a supplier the problem will exist. And that isn’t going to happen.
How many people with the kids all moved out now living in a 3/4 bed they don’t need. No incentive to downsize due to stamp duty, renovations in a lot of cases and legal costs. Not worth it to move so why would they. If there was a little nest egg for them they might consider it but it’s not worth the stress and loss of their life long home for so little back.
Government wants to line the pockets of the rich
Cos they’re not enough gaffs