Me? I bought a house at these stupid prices. Sorry everyone
But dont worry all my financial decisions have been incorrect so this should be no different. Expect prices to fall soon
Jon_J_ on
Lack of supply, greed and buyer desperation
FU_DeputyStagg on
Slow and painful planning processes
TitsMaggie69 on
Immigration
Edit:Yes continue to bury your head in the sand with the rest of rIreland while the far right rises all over Europe.
Consistent-Daikon876 on
The main issue is the complete aversion to building upwards. Stop expanding Dublin outwards. Embrace apartment living like every other city.
Bill_Badbody on
That’s me lads.
And I want to apologise to absolutely nobody!
mcsleepyburger on
Poor planning, massive population growth, high material costs and shortage of skilled, willing construction workers.
Ecstatic-Secret3416 on
Supply and demand
Gaeilgeoir78 on
Huge taxes on ETFs so housing is the only way to invest in Ireland.
brianmmf on
The country didn’t build for a decade and made multinational immigration fueled economic growth its core strategy. Population up 25% with very few homes built and here you are. Throw in a little rent control, which increases prices in every market around the world. And some historically all time low interest rates spanning 13 years or so for good measure. And now some inflation, and always some ridiculous planning hurdles adding finance holding costs to the mix. The reasons are endless. The country has done every single thing wrong, in a set of circumstances perfectly primed to increase prices even without self inflicted wounds.
Thank god for the income limits on borrowing: it’s great there won’t be a crash because no one is over extended. But unfortunately only the rich can afford a home so it’s them who are protected.
TarzanCar on
Normal people competing against housing bodies, investment companies and multinational companies too amongst everything else already mentioned
Fluffy-Republic8610 on
Immigration is not helping. Planning laws and ease of objection. Quantitative easing created a lot of money that had to go somewhere. There’s a feeling that property can’t fall.
Difficult_Smile_2267 on
The main overinflated sector is the 1st home sector.
Supply and demand is an issue, however the governments actions to try resolve this by giving more money to first time buyers has just pushed prices up even more for new 3 bed homes, there is other issues of course but this section of the market is hugely overinflated right now
Once this aid stops, the ass will fall out of this section of the market and people will probably be stuck in negative equity for a good few years
Jean_Rasczak on
Do we need to ask this question every few days and have a new article on it
Supply and demand, it’s been like that for years. Too many years now
tsubatai on
It’s supply and demand but not specifically it’s government manufactured via:
Supply squeeze policies combined with demand stimulation policies.
Envinyatar20 on
High wages, population surge, low supply.
bubbleweed on
LACK… are you listening? OF… still with us?? SUPPLY
the_0tternaut on
AirBnB speculation
carlmango11 on
Aren’t we putting huge amounts of cash in first time buyers pockets? Isn’t this exactly what you’d expect to happen?
TheFuzzyFurry on
The government
Big_Height_4112 on
High paying Technology staff – let’s just call it. High paying developer jobs. No one talks about it. Facts city
ragepuppy on
Higher density housing in urban areas is tricky because of the NIMBY factor. Also, to increase density, you need the transport infrastructure in place to facilitate the movement of those people and the goods and services they’ll be using.
If that transport infrastructure isn’t in place, building it is a big project which, again, NIMBY factor.
DramaticIsopod4741 on
NIMBYs
Rennie_Burn on
SUPPLY jeesus
Alarmed_Station6185 on
People bidding on multiple houses, even when they are only keeping options open rather than being truly interested. It’s partly the fault of our bidding system (in a lot of countries the price advertised is what you actually pay for the house – go figure), but people who do this are also asshats
Remarkable-Ad-4973 on
People buying houses can afford those rates. There aren’t enough houses being build for all the potential buyers.
In other words, supply and demand
boyga01 on
Too many tennis courts at risk of being overlooked.
mccannopener93 on
Greed
No-Professional-2458 on
Posts like this
bucklemcswashy on
Supply and demand is biggest factor another is a lot of houses that were previously on the rental market are now on air BNB and other sites for short term rather than 2 year rental leases.
its_brew on
Ryanair just bought em all and will be charging by the room. Attics come with extra leg room
faffingunderthetree on
I see people blame NIMBYs and selfish fuckers as a big reason, and I’m sure it is.
But this countries/governments ineptitude to do any infrastructure or proper planning is the main one.
For arguments sake let’s pretend nimbys vanished overnight and our planning system sped up and got efficient, a fuck load of new gaffs and apartment blocks would fly up (well not fly as we also have a construction worker shortage, let’s not forget that) but anyways they get built.
The issue is the roads wont be improved the infrastructure and public transport for the new houses and flats wont change or be improved, and all that stuff that goes along with housing a populace.
It would be an utter nightmare.
accursedcelt on
Neoliberalism and a largely uncaring government really.
zen_zero on
Crooked politicians and vulture funds in cahoots. Cahoots I say!
Better-Cancel8658 on
Lack of decent bedsits. Thousands were removed in 2008 by the greens. No funding put in place to upgrade them, so they ended up empty. Cut the bottom rung off the property ladder.
ConfidentArm1315 on
Lack of supply. If you are going to pay crazy rent you might as well get a mortgage if you can no sign of rents falling anywhere
I read house prices are high in most us citys
No of houses for sale is small
41 Comments
Supply and demand
Increasing demand and shortage of supply.
Not enough gaffs.
Greed.
Greed and profiteering
Me? I bought a house at these stupid prices. Sorry everyone
But dont worry all my financial decisions have been incorrect so this should be no different. Expect prices to fall soon
Lack of supply, greed and buyer desperation
Slow and painful planning processes
Immigration
Edit:Yes continue to bury your head in the sand with the rest of rIreland while the far right rises all over Europe.
The main issue is the complete aversion to building upwards. Stop expanding Dublin outwards. Embrace apartment living like every other city.
That’s me lads.
And I want to apologise to absolutely nobody!
Poor planning, massive population growth, high material costs and shortage of skilled, willing construction workers.
Supply and demand
Huge taxes on ETFs so housing is the only way to invest in Ireland.
The country didn’t build for a decade and made multinational immigration fueled economic growth its core strategy. Population up 25% with very few homes built and here you are. Throw in a little rent control, which increases prices in every market around the world. And some historically all time low interest rates spanning 13 years or so for good measure. And now some inflation, and always some ridiculous planning hurdles adding finance holding costs to the mix. The reasons are endless. The country has done every single thing wrong, in a set of circumstances perfectly primed to increase prices even without self inflicted wounds.
Thank god for the income limits on borrowing: it’s great there won’t be a crash because no one is over extended. But unfortunately only the rich can afford a home so it’s them who are protected.
Normal people competing against housing bodies, investment companies and multinational companies too amongst everything else already mentioned
Immigration is not helping. Planning laws and ease of objection. Quantitative easing created a lot of money that had to go somewhere. There’s a feeling that property can’t fall.
The main overinflated sector is the 1st home sector.
Supply and demand is an issue, however the governments actions to try resolve this by giving more money to first time buyers has just pushed prices up even more for new 3 bed homes, there is other issues of course but this section of the market is hugely overinflated right now
Once this aid stops, the ass will fall out of this section of the market and people will probably be stuck in negative equity for a good few years
Do we need to ask this question every few days and have a new article on it
Supply and demand, it’s been like that for years. Too many years now
It’s supply and demand but not specifically it’s government manufactured via:
Supply squeeze policies combined with demand stimulation policies.
High wages, population surge, low supply.
LACK… are you listening? OF… still with us?? SUPPLY
AirBnB speculation
Aren’t we putting huge amounts of cash in first time buyers pockets? Isn’t this exactly what you’d expect to happen?
The government
High paying Technology staff – let’s just call it. High paying developer jobs. No one talks about it. Facts city
Higher density housing in urban areas is tricky because of the NIMBY factor. Also, to increase density, you need the transport infrastructure in place to facilitate the movement of those people and the goods and services they’ll be using.
If that transport infrastructure isn’t in place, building it is a big project which, again, NIMBY factor.
NIMBYs
SUPPLY jeesus
People bidding on multiple houses, even when they are only keeping options open rather than being truly interested. It’s partly the fault of our bidding system (in a lot of countries the price advertised is what you actually pay for the house – go figure), but people who do this are also asshats
People buying houses can afford those rates. There aren’t enough houses being build for all the potential buyers.
In other words, supply and demand
Too many tennis courts at risk of being overlooked.
Greed
Posts like this
Supply and demand is biggest factor another is a lot of houses that were previously on the rental market are now on air BNB and other sites for short term rather than 2 year rental leases.
Ryanair just bought em all and will be charging by the room. Attics come with extra leg room
I see people blame NIMBYs and selfish fuckers as a big reason, and I’m sure it is.
But this countries/governments ineptitude to do any infrastructure or proper planning is the main one.
For arguments sake let’s pretend nimbys vanished overnight and our planning system sped up and got efficient, a fuck load of new gaffs and apartment blocks would fly up (well not fly as we also have a construction worker shortage, let’s not forget that) but anyways they get built.
The issue is the roads wont be improved the infrastructure and public transport for the new houses and flats wont change or be improved, and all that stuff that goes along with housing a populace.
It would be an utter nightmare.
Neoliberalism and a largely uncaring government really.
Crooked politicians and vulture funds in cahoots. Cahoots I say!
Lack of decent bedsits. Thousands were removed in 2008 by the greens. No funding put in place to upgrade them, so they ended up empty. Cut the bottom rung off the property ladder.
Lack of supply. If you are going to pay crazy rent you might as well get a mortgage if you can no sign of rents falling anywhere
I read house prices are high in most us citys
No of houses for sale is small