Housing minister Darragh O’Brien
First-time buyers are facing less and less choice as the State is buying one in four new houses, according to a senior lecturer in housing https://t.co/bhIWqtYykQ
— RTÉ News (@rtenews) April 29, 2022
This morning.
Via RTE News:
Speaking on RTÉ’s Morning Ireland, Dr Lorcan Sirr said the State’s role in the housing market has gone from about 11% five years ago to nearly 25% now.
“So the State is buying one in four of all brand new houses. At the same time we see the amount of houses being bought by first-time buyers is going down and we see the number of housing coming for sale on the market has reduced considerably.”
Dr Sirr said data from the Department of Housing reveals that two local authorities, including Minister for Housing Darragh O’Brien’s own Fingal County Council and Taoiseach Micheál Martin’s Cork City Council, did not build any social housing last year, or buy any.
He said South Dublin County Council, “which has 5,000 households on the housing waiting list”, built just two and bought none.
Housing expert says first-time buyers facing ‘less and less’ choice (RTE)
And what percentage of new accommodation is being bought by vulture / pension funds- or is that information conveniently not available?
The suggestion that the procurement of social housing is causing this crisis is at best, disingenuous.
Interesting point, SOQ.
Another interesting question would be – why is the state and its various arms buying houses instead of building?
A friend told me a few years back that builders were making 30% of the cost of a house as profit – so would the State not save 30% (or 25% or 35%, give or take) by building the houses themselves?
it can take over a year to deliver turnkey properties but you can buy and renovate second hand in a couple of months.
Zero-pension funds don’t do houses,nor do vulture funds they shop on the boulevard of broken dreams.
“In the case of this ‘Sara’ individual, scroll to the top of the comments and you will see that his / her post was the first and roughly five minutes after your piece went up. 2:15 and 2:20 respectively. (S)he does this on a regular basis- always with an abrasive nasty comment to set the tone.…”
Yea,what would Lorcan know.
“And what percentage of new accommodation is being bought by vulture / pension funds- or is that information conveniently not available?”
In 2021, 24%. Same as social housing.
Vulture funds do NOT compete in this space,you are wrong,incorrect,mistaken,ill informed or you just don’t have a clue,vultures clean up the mess left by dreamers and schemers,think pulp fiction….call the cleaner.
Thank you- so why is social housing getting the blame rather than vultures? At least housing associations or local authorities will charge what they deem to be a fair rent.
SOQ
April 28, 2022 at 7:33 pm
Why is this troll allowed to do this?
And what percentage of new accommodation is being bought by vulture……
ZERO,NADA,ZERO
you are wrong,why bother when you have a primary school grasp.
yea,Lorcan,huh what would he know,probably a paid lacky.
Even better what proportion of mortgages go to the public sector employees and what so to private sector employees
Fact is they have very secure jobs the private sector dose not
There are even special mortgages aimed at those working in the public sector
public servants have special access to everything. there are tunnels underground that the tans built years ago that only they can use and they have special trains that get them to work. they don’t pay parking tickets or library fines and they get free lessons on how to be rude and condescending to people.
condescending means displaying a superiority to others, fyi.
they get 6 months holidays per year and are apologised to on a weekly basis by their management teams for having to work the other 6. the state secretly runs an off-the-books, highly lucrative scheme selling adrenochrome to the US democrats which pays for their pensions.
you don’t know the half of it..
I used to work in the public sector. One day for team building we were brought out to a forest and given sticks and bats. Then, two private sector workers were brought out and we were allowed beat lumps out of them. This was considered entertainment and nobody ever asked what happened them in the end.
i have heard that happens regularly to lippy members of the public, whistleblowers and members of civil rights and advocacy groups.
watt is that all about ?
Not rue Scottser – housing is so expensive that even most in the public service cannot afford to buy.
Apart from high-ups in private and public service, it’s people in financial services and IT who can afford a house, everyone else is priced out.
Oh and you comment about the Tans building tunnels – now that is really genuinely laughable, all the tans did was drink, murder and destroy.
well scottser I enjoyed the humourous flight of fancy, little poetic license allowed
I knew you’d get it..
I remember the ones under harcourt street that nearly collapsed when they were going to build the Luas
LOL
As a serious aside, Libraries no longer charge for overdue books (not even to private sector employees).
https://libraries.dlrcoco.ie/events-and-news/library-news/removal-fines-all-dlr-libraries-1st-january-2019
I’d be broke
It doesn’t pay to try, all the smart boys know why.
Don’t bother getting an education and going out to work, the state will outbid you anyway.
Government policy is to transition from an owner occupier model to a rental model. There is no other explanation for what’s happening.
The question is why?
Certainly looks like it Bell.
I’d guess that the financial institutions are buying up massive numbers of homes to tide them over the next financial crisis as property will continue to pay even after a crash as people have to live somewhere.
I think the Social Democrats and Sinn Féin are correct- cuckoo funds should be banned.
big fan of BANS
forward purchasers play a vital and important role in every efficient working housing market,they are irrelevant in the issue raised above.
how will a developer finance speculative development w/o pre-sales to qualified buyers,go to an Irish bank ?
…ban,ban,always with this,all day,every day.
“And WTF do you know about transphobia?
Who are you to lie and smear other people just because you do not agree with their opinion?
What gives you the right to daily come onto this site with your bitchy vindictiveness?
Go away you absolute nasty clown.”
@ bell. Yes, besause Ireland, like the EU, have been following a neo-liberal agenda for the past 15 years or longer. Citizens are to be milked and treated as an annoyance.
Always about supply, never the demand. The elephant in the room no politician wants to mention – the cause of all this new housing demand.
And elephants have families so that’s some really big houses that are needed…
durty furriners comin’ over ‘ere stealing our ‘omes!
In the Irish times today and on rte radio you’ll hear a bs trope being peddled that FTBS and their “ lockdown” war chests are pushing up prices . Garbage.
What is pushing up prices is chronic under supply and gate wide open to investors both domestic and international competing with domestic prospective owner occupiers. Add that to the states social housing aqusiruon model and joe soap hadn’t a hope.
The game is rigged.
Johnny Vegas looks well.
Ha ha ha ha, spot on. Only nothing funny about ‘the head on yer man’.
I think he looks like billy the fish from Viz