From top: Minister for Housing Darragh O’Brien; Social Democrat TD Cian O’Callaghan
Pluto?
Saturn?
Coruscant?
This morning.
Via Independent.ie:
Developers will be paid up to €120,000 per apartment by the State to fund the shortfall between spiralling building costs and current market prices.
The €500m fund is aimed at unblocking stalled developments and will see 5,000 apartments built between 2024 and 2026.
The move comes amid concern builders are not developing certain sites in cities due to the cost of construction.
Developers will have to apply to have their developments included in the fund and will receive a subsidy of up to €120,000 per apartment.
Taxpayers to fund new €120,000-per-apartment subsidy benefiting developers (Independent.ie)
Meanwhile…
… Social Democrats Housing Spokesperson Cian O’Callaghan said:
“It is bizarre and extraordinary that Housing Minister Darragh O’Brien intends gifting developers up to €120,000 per apartment – without securing any apparent benefit for the Exchequer.
“The State is bailing out developers, but they will still be seeking full market value when the apartments are sold. On what planet does this make any sense?
“If developers are in financial trouble and unable to complete developments, why doesn’t the State take over those developments and ensure the supply of social, affordable and cost-rental homes is increased.
“Instead, the Housing Minister will pay developers huge sums to complete these projects – without any reduction in the sale price being agreed. You couldn’t make this up.
“This government’s housing policies are replete with sweetheart deals for developers and this is yet another egregious example. Why is the ambition of this government, when it comes to housing, so pathetically weak? Why are they so eager to prop up developers and so loathe to take any radical action to support ordinary workers and families desperately seeking a home?”
Anyone?
The City of Houston does not have zoning, but development is governed by ordinance codes that address how property can be subdivided. The City codes do not address land use.
https://www.houstontx.gov/planning/DevelopRegs/#:~:text=The%20City%20of%20Houston%20does,do%20not%20address%20land%20use.
Close down ALL planning departments and let the building begin.
Is it helping?
…
– Home values in Houston increased by 17.6% over the last year.
– Over the last five years home values in Houston increased by nearly 48%.
– Median sales price of a single-family home in Houston is $314,000 according to the Houston Association of Realtors (November 2021).
https://learn.roofstock.com/blog/houston-real-estate-market
Houston,we have a problem with irish planning,or lack of…
(€500,000 price tag for ‘average’ Dublin property-IT)
what is the difference between a politician and flying pig?
the letter ‘f’.
Very good.
Yet again the taxpayers money being transferred to private capital.
Maybe half the developments that are stalled is because there are little staff
That goes for the whole economy
We have to close our pub on Saturday next week because we have no staff for a two week closure
As for the Ukrainian refugees
No one can get any in cork
All through the busiest months this year we will have to also close two days a week because of no staff
And anyone from the kids that wash dishes to serving earn €500 a week for 29 hours plus tips of around €50 a shift tax free
Our chefs earn €780 plus tips of €250 a week
And you cannot get staff
Cannot see government handing one red cent as the more pubs that close is now available to developers to turn into housing with no need to get change of use and planning
This new PUP scam will go down pretty well with developers as they gouge away
It’s the neo-liberal way. The farce is strong with them.
It’s just beyond belief at this stage…what will it take to wake people up and get FF/FG out of power.
this all day long, it’s like we enjoy the misery
It’s a last gasp raid of cash before the new government takes over..
O’Brien is not even subtle about it. Greasy till, feed at the trough etc.
There are plenty of ‘maybes’ and abstenations in the Dail on different issues but people have to come down on one side or the other on this. Hopefully against and we can begin to clear out this greed.
I’d say he could house a fair few families in that double chin of his!
That’s exactly what it looks like, and they don’t give a toss who knows it
If I was anything to do with the opposition I would declare each party takes a career break for the next couple of years and leave them to solve the mess they have created
As whoever is in charge to take over this mess will find they will not have a future
I say do not vote
That’s exactly what I am doing for the first time in my life
I guess it’s like what’s also going on in the UK where the economy is built on maintaining artificially high house prices. FF/FG have long figured out that enough Irish home owners will be swayed by the idea that their properties are rising in value and will keep voting FF/FG in even though those parties may be corrupt and offer very little else that looks like growth or prosperity.
https://www.theguardian.com/commentisfree/2021/apr/26/boris-johnson-tories-economy-rising-house-prices-wages
cost, time and quality – which 2 do you want?
another traunch of badly built apartments coming up!
They seem intent on destroying our economy to stymie the next government.
Anything to keep the property bubble expanding.
I’ve already unloaded one of my less profitable properties once I saw how crazy prices have become.
Another two or three years of this and I might just sell up the lot and move back to Blighty.
I know you’d all miss my winning charm and penetrating insight so I will keep in touch however …
Mittyworld
Tin man I thought you had a council house
He has
I honestly believe Council houses should be only available to low income families
After a certain threshold of say €40 grand that occupant and family should be made rent in the private sector
Maybe knowing tim man and mrs are partial to long showers and plenty of luxuries then brag about it seems it’s time they were not sucking at the teat of government charity and made their way in the real world
But I suspect he is a low earner of limited means
A bit of a Walter Mitty
Free up land that’s being sat-upon/not used for x number of years, hand over €120k to a person who is willing to provide themselves and family/friends with a house and cut the idiocy.
I’m in my sixties, 6st nothing, 5ft nothing and I’d still get a house built on a little bit of land for that money.
Does anyone remember what a ‘meitheal’ was??
Bilbo Baggins had a coat of meitheal didn’t he?
Best laugh of the day cian
This is absolutely insane. Instead of paying €120k to get nothing in return for the state, why would the state not just build the apartments themselves for €350k and have the asset?
This is just going to go straight into developers pockets, who then sell on the apartments to investment funds. It helps no actual Irish people.
Well this is… blatant.
So is this https://twitter.com/DrLoupis/status/1519964025794273280
Blatantly misleading? Yeah.
They’re official statistics. Do you imagine ONS to a far right antivax organisation?
They’re manipulted official statistics. Your favourite kind.
Who is being compared? A few thousand very vulnerable [i.e. already sick] children that were first to get the vaccine versus the millions of healthy children.
There was a higher death rate in the vulnerable kids because they were vulnerable … not because they were vaccinated.
Now that’s a blatant lie Nigel. Empirical evidence is evidence. There’s nothing ‘manipulated’ or ‘misleading’ about it. If you’ve evidence to the contrary- present it.
@ you’ve presented no evidence for your claim and even if taken at face value, it proves the ‘vaccines’ at best were useless.
You don’t present empirical evidence, only manipulated disinformation.
Again with the empty retort. A veritable busted flush. No evidence to the contrary of course.
As per normal Niggle provides zero backup to his fantasy.
Well Nigel these are those you support and praise
I would introduce emergency changes to the building regulations
From planning to the date built if any development is not completed in a couple of years the planning is revoked and the development CPOed for the price of pre zoned land
And if any sites have not been started then tough for them
Let’s face it let them shut up shop and go whistle Dixie
They have scammed enough from us especially through NAMA
There’ll be a dire shortage of election/re-election hopefuls from FFGr calling round next election. McHugh has already indicated that he’s jumping ship.
we had a few at the train station a few months back, maybe just after January, around some meeting they were planning. They looked like they’d been chewed out a few times that morning. I asked them a few questions and got very little back. The youngest person there plied me with a leaflet as I was leaving, “I hope we can count on your vote when we need it”. God, they looked so hopeful for Fine Gael, I almost felt bad.
Almost, paul!
Broadsheet must be broken…everyone agrees.
In some pics that Darragh O’Brien numpty reminds me of that lad Sean Spicer.
Just thought I’d mention that.
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.
.
.
Just me then…
OK :)
By jove Clampers old sport I’ve been trying to put my finger on who he reminds me of for some time and you hit the bullseye.
Period.
There is a touch of de unbelievables about him and it’s no laughing matter
Maybe pat short should replace him
Johnny Vegas
I see that too now! :)
The question that needs to be answered would be; In what context does this make sense.
Certainly not in the context where the government work on behalf of the people, perhaps it could start to make sense in the context of a government working on behalf of a particular group of people?
Jay Bourke (top) looks well.
It all makes perfect sense, it’s other people’s money, being given to builders, to benefit other people. It’s the definition of bureaucracy, which is what Ireland actually has, in lieu of a government.
None of the drastic rise in property cost has much to do with governments around the world except they allow it. It is all down to massive private investment firms such as Blackstone, Blackrock Vanguard and several big property players. They buy up affordable property at higer prices than usual thus preventing the 1st time buyers and low wage family’s access to the previously normal market level costs They rent these properties to the same people who could have bought the homes, and creates. a shortage in affordable housingThis skews the housing market and allows these maga corps to gain massivly when prices rise, as they enevitably will do. Blackrock alone has 15 trillion dollars worth of assets under it’s control. This is supra governmental power exercised for profit alone.
Where is government intervention on behalf of beleaguered citizens? scotched by the wonderful tpp deals making gov. (aka citizens) responsible for losses incurred by businesses due to changes in local laws. For example enviromental laws. Geez you’d swear this was planned or something.