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Poll: Should first-time buyers get a government grant?

Plans to tackle the housing crisis include a scheme to help first-time buyers.

NEW PLANS TO tackle the housing crisis include a scheme to help first-time buyers get on the property ladder.

It is likely this scheme will involve a tax rebate, but The Irish Times reports that ‘top-ups’ to cover a deposit may also be on the table.

So, we want to know: Should first-time buyers get a government grant?


Poll Results:

Yes (9173)
No (5643)
I'm not sure (1182)

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83 Comments
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    Mute Ben Gunn
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    Jul 20th 2016, 9:00 AM

    All that will happen is the price of homes will go up by the amount of grant.

    801
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    Mute Tweety McTweeter
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    Jul 20th 2016, 9:16 AM

    It doesn’t take an economist to know that it is a supply and demand problem. There aren’t enough houses available to cope with demand and so prices are going up. It’s very simple. Adding more money to the system will only increase prices further, it won’t deal with the underlying problem. The only way of solving it is to increase supply

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    Mute Chris Kirk
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    Jul 20th 2016, 9:24 AM

    The best incentive to first time home buyers would be to claim the VAT back on self builds and cancel stamp duty on s/h houses.

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    Mute Marg murphy
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    Jul 20th 2016, 9:29 AM

    @Ben. That’s exactly what will happen. It’s not like we haven’t been down this road before.

    92
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    Mute Eyepopper
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    Jul 20th 2016, 9:45 AM

    So what you’re saying is – this move is really only going to benefit developers?

    And would you have any historical evidence to support this outlandish claim?

    … oh, wait.

    155
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    Mute Kal Ipers
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    Jul 20th 2016, 9:54 AM

    Ben> No it won’t just mean the houses will rise by the amount of the grant. It only applies to first time buyers and the market has others who will not get the grant.

    15
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    Mute KEV
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    Jul 20th 2016, 10:36 AM

    Don’t be naive. Course the price will go up to match the grant.

    99
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    Mute Aidan Reilly
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    Jul 20th 2016, 11:01 AM

    It has become impossible to build affordable housing and that is down to government imposed charges and planning policy

    51
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    Mute Kal Ipers
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    Jul 20th 2016, 11:57 AM

    Kev> I am not naive I am a realist. In a closed system where everybody got the grant prices would rise. As only FTB will get the grant and the other people in the market don’t prices won’t rise by the grant amount. It is financially naive to think it will as it makes assumptions that there are only FTB and that they will be only buying new houses.

    4
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    Mute Eoghan
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    Jul 20th 2016, 1:09 PM

    Kal you’re both right and wrong.
    Prices won’t rise across the board to match the grant because not all buyers will be FTBs.
    But some will be so and so prices will rise at a proportionate level.
    Increasing the supply of money to a situation where demand is high and stock means one thing – price increases as people outbid each other.

    19
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    Mute Tom Newnewman
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    Jul 20th 2016, 2:00 PM

    And when they reach the price of building them builders will be able to build much needed houses.

    6
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    Mute Celtic_Horizon
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    Jul 20th 2016, 2:29 PM

    We must have the worst politicians it’s not even 10 years since the crash and already repeating mistakes of the past

    27
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    Mute Bobby Phelan
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    Jul 20th 2016, 2:53 PM

    I was was thinking the same thing ben this is all for their private developers yet again milking the system

    20
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    Mute Bobby Phelan
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    Jul 20th 2016, 10:43 PM
    4
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    Mute Jumperoo
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    Jul 20th 2016, 9:03 AM

    Would make no sense. Giving a grant of say €5,000 would only push up the price of houses by around €5,000. No net gain whatsoever. Having said that, I can fully understand why ant decent hard-working person would like some State aid when trying to buy a home, when they see the amount of aid given to people in Council houses as regards subsidised rent, repairs, exemption from the property tax, etc., and the sense of entitlement that the residents of those houses shoe.

    276
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    Mute Jumperoo
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    Jul 20th 2016, 9:03 AM

    *show*

    25
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    Mute Shayne O'Odonoghue
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    Jul 20th 2016, 9:14 AM

    I’d like to see some (tax) relief for those of us that have sacrificed a lot to keep those payments up and continue to struggle to do so.

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    Mute Chris Kirk
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    Jul 20th 2016, 12:41 PM

    The government always try to make things more complecated than they need to be. The CSO has reported that there are thousands of empty houses, so wouldn’t it make more sense for the government to look at incentivising people to buy them first and just scrap the stamp duty for first time buyers. That way the selling price is fixed without the hidden add-on costs.

    16
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    Mute rodrigo detriano
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    Jul 20th 2016, 12:51 PM

    We aren’t capable of governing ourselves. The people we elect to take control let us down over and over again.

    17
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    Mute Orela Krawczyk
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    Jul 21st 2016, 2:37 PM

    I hear ya, we bought a 2 bed duplex in the boom now in Major neg equity , both working and paying our mortgage off, we’ve sacrificed a lot but it’s all worth it to keep a roof over our heads but then we get No help. Banks basically laughed at us when we looked into to moving on. Our duplex is a perfect stater house for a young couple but not for the family of 3 and its stopping us from being able to have another child because the house is just too small and we’re trapped here.

    2
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    Mute Anthony P
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    Jul 20th 2016, 8:56 AM

    Will we ever learn?

    218
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    Mute Avina Laaf
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    Jul 20th 2016, 10:39 AM

    No. The first thing that’ll happen is that builders and estate agents will bump up their prices overnight by the size of the grant – we’ve seen it before.

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    Mute Don Kearns
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    Jul 20th 2016, 9:08 AM

    It was never a first time buyer grant. It was a first time “new house” buyer grant. Effectively a payment to builders. It should be called what it is, if re-introduced, as it was very misleading.

    88
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    Mute John Mullan
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    Jul 20th 2016, 9:06 AM

    It is basic economics. Increase the supply of money increase prices. This money should be spent wisely not wasted.

    72
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    Mute Eyepopper
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    Jul 20th 2016, 10:11 AM

    We have a situation where demand is outstripping supply – surely the answer to this is the increase demand isn’t it?

    Granted I was on mushrooms when I was reading the chapter on supply and demand.

    34
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    Mute Peter donnelly
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    Jul 20th 2016, 10:45 AM

    Hi John this is fg/lab/ff we are talking about, more evidence there is an election on the way….

    11
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    Mute Patrick Ramseyer
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    Jul 20th 2016, 9:24 AM

    Yeah.. make the younger generation slaves to credit as soon as possible… !! Talk about not learning from your mistakes… give first time buyers 5 k to give to the banks and property developers.. it is fundamentally flawed ffs.

    66
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    Mute The Guru
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    Jul 20th 2016, 9:20 AM

    Seriously does this government have an innovative bone in its body? We drink too much. Solution – increase taxes and prices. The health system is falling apart. Solution – bring in a new minister. Insurance premiums are out of control. Solution – not our problem. People can’t afford to buy houses. Solution – give them a few quid. Pathetic.

    62
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    Mute Chris Kirk
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    Jul 20th 2016, 9:31 AM

    People should have learned their lesson not to buy off the plans in remote housing estates without getting guarantees of services like roads, sewage, lighting etc.

    22
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    Mute Eyepopper
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    Jul 20th 2016, 9:48 AM

    @chris I’d imagine those that did, did.

    9
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    Mute Eyepopper
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    Jul 20th 2016, 9:20 AM

    Maybe we should allow them borrow like 105% of the house price or something to help them…. what could go wrong.

    59
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    Mute Colette Kearns
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    Jul 20th 2016, 9:28 AM

    Im getting that old “Deja vu” feeling!

    56
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    Mute Martin Critten
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    Jul 20th 2016, 9:13 AM

    How about a grant to help the 50k or so households who by no fault got screwed over by the government and now unable to keep their homes, let alone sell them and start over, without legacy debt of an overheated market.. Christmas when will these muppets we vote for follow the Roosevelt Plan of the 1930′s and get society working for us all instead of the 1%.

    43
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    Mute Martin Critten
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    Jul 20th 2016, 9:14 AM

    Christmas*

    8
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    Mute Martin Critten
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    Jul 20th 2016, 9:15 AM

    Christ * jesus even the phones deciding what words to use….

    22
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    Mute Shakka1244
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    Jul 20th 2016, 9:21 AM

    I prefer Christmas

    19
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    Mute Eyepopper
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    Jul 20th 2016, 9:22 AM

    Or do something to help the 300K or so variable rate mortgage holders who the banks are being allowed to absolutely screw to the wall with inflated interest rates to help build their balance sheets.

    57
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    Mute Enda Kennny
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    Jul 20th 2016, 9:53 AM

    manny happy returns

    14
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    Mute Eyepopper
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    Jul 20th 2016, 9:36 AM

    How about we suggest they give up working and saving, and even trying to buy a house.

    That way they’ll be given €10k EVERY year, and a free house to boot.

    41
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    Mute NO 2 FF/FG/LAB
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    Jul 20th 2016, 9:11 AM

    If I had the details of the grant I could vote appropriately but this article says nothing

    36
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    Mute NO 2 FF/FG/LAB
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    Jul 20th 2016, 9:27 AM

    Gas the way half the fools on this app don’t want me to see the details. Shoo trolls

    12
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    Mute Shakka1244
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    Jul 20th 2016, 9:14 AM

    This country is in a complete mess wherever you look. This is yet another sticky plaster over a gaping wound.

    28
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    Mute Donal Carey
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    Jul 20th 2016, 9:05 AM

    But the Government should get on top of Estate Agents they will think it’s their divine right to drive the price of houses if my thinking is right the government won’t move until it’s to late .

    27
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    Mute Cian O Donoghue
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    Jul 20th 2016, 11:11 AM

    You realise Estate agents don’t actually reach into your pocket and take your money right? If you don’t like the price don’t pay it. It won’t sell and prices will drop!

    16
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    Mute Donal Carey
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    Jul 20th 2016, 11:43 AM

    Cian I should have guessed an Estate Agent what other answer would a man expect ,but your right you don’t have to take that price because their is always another fool coming along who will take it. I only hope the government act in time .

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    Mute SMcB
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    Jul 20th 2016, 6:37 PM

    Its the lack of transparency about who bid what is my issue Cian… we’ve all heard the stories about gazumping, ‘ghost’ bidding and so on.

    5
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    Mute Alan Dignam
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    Jul 20th 2016, 11:20 AM

    There is no point. I got a first time buyers grant when I bought my house. My brother bought the same house two months earlier for £30000.The government brought in a £ 2000 Grant and my house which was exactly the same went to £ 32000. Greedy builders again. Nothing changes

    23
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    Mute Chris Kirk
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    Jul 20th 2016, 12:33 PM

    That must have been a long time ago Alan, not many houses these days sell for £32,000.
    It’s not just builders who jack up the prices, consider solicitors and people selling land to be equally greedy.

    8
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    Mute Sean Flanagan
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    Jul 20th 2016, 2:14 PM

    Don’t forget the estate agents…

    6
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    Mute Neuville-Kepler62F
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    Jul 20th 2016, 1:05 PM

    VAT & Part5 Levy on first time buyers a disgrace …Gov regressive anti citizens taxes unacceptable.
    €76,000 artificially added to price of basic Irish House. Obscene.

    Proper framework needed to deliver affordable homes for both private and social homes. Too many vested interests(financial predators ..incl Gov tax) in inflated cost of Irish homes….. Ireland a failed society.

    Typical Irish home build costs
    Per Unit: ……. Amount:
    Site Cost € 50,000
    Build Cost @ €100 psf, Size Average 1,100 = €110,000
    Roads & Infrastructure € 15,000
    Utility Connections € 2,000
    Legal Fees on Acquisition and Disposal, Marketing, Estate Agency Fees. € 6,000
    Architects, Quantity Surveyors, Consultants, Homebond and Stamp Duty. € 2,500
    Part V Contributions to social housing € 5,000
    Council Levies € 10,000 ?
    Cost of Finance € 7,500
    Total Costs €208,000
    VAT @ 13.5% € 28,080
    Sale Price €236,080 ( equivalent French starter home €160,000)

    €76,000 artificially added to price of basic Irish House. Obscene.

    21
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    Mute Rob Cahill
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    Jul 20th 2016, 9:30 AM

    Maybe a grant to help with rent while we save for a deposit might help? Even a tax credit would help.

    20
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    Mute Thomas Maher
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    Jul 20th 2016, 9:36 AM

    Long term renters should be allowed avail of one hundred percent mortgages once the repayments are below there current monthly rent

    51
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    Mute Rob Cahill
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    Jul 20th 2016, 10:40 AM

    You get my vote.

    9
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    Mute Patrick Gough
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    Jul 20th 2016, 10:16 AM

    This is a stupid idea. It will increase the cost of houses. The government should reduce the tax on house building and give landlords full tax relief on loan interest. landlords are leaving the market at a big rate. airbnb is also reducing the number of apartments available for rent

    15
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    Mute Eyepopper
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    Jul 20th 2016, 10:28 AM

    But it’s landlords greed thats to blame for rising rents, not all the additional costs loaded on them in recent years.

    Follow the narrative for gods sakes man!

    9
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    Mute Kal Ipers
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    Jul 20th 2016, 10:54 AM

    They are saying there will be a new tax band for people earning over 70k or 80k. So increasing taxes on many landlords. This is so incredibly short sighted and will push rents up again.

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    Mute Peter donnelly
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    Jul 20th 2016, 11:02 AM

    @eyepopper, all landlords are not greedy quite a lot have bought apartments as an investment towards their pension, I know of one who bought around 2005 it is now worth a lot less than what he payed for it but the mortgage on it remains the same, he charges a reasonable rent he has always had to pay a % above the rental to cover the mortgage plus maintance etc not counting home tax or water tax, so please dont talk to me about ALL landlords, (ps I am not a landlord nor would I care to be asthe effort is not worth the result`s….

    14
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    Mute Eyepopper
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    Jul 20th 2016, 11:32 AM

    Look up Peter, you might spot the sarcasm flying over your head ;)

    5
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    Mute Heather Knowles
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    Jul 20th 2016, 11:35 AM

    Yes Noonan wants to bring in a solidarity tax on people earning over 70000 that could see them losing their PAYE credit and effectively paying 65.8% tax on anything over that. Honestly not worth working in this country anymore. That’s a huge hit for a family to take and will see less money available to spend in the economy, more people falling into debt and a huge loss in our competiveness. Someone earning just under 70000 but who maybe gets a 5000 bonus once a year would lose almost 3500 euros in tax. What a joke

    15
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    Mute Heather Knowles
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    Jul 20th 2016, 11:37 AM

    68.5 tax I mean

    4
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    Mute EillieEs
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    Jul 21st 2016, 2:37 AM

    Most people have to pay towards their pension. Purchasing a buy-to-let at the height of the bubble and expecting the monthly mortgage/costs to be covered by rental income would equate to the tenants paying your pal’s pension contributions.

    1
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    Mute Mary Murphy
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    Jul 20th 2016, 11:43 AM

    No. It’s taxpayers money which will pay for this. Nobody gave us a grant to buy our home

    15
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    Mute Do the Bort man
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    Jul 20th 2016, 11:57 AM

    Giving first time buyers a grant does not fix the problem, all it does is drive the cost of houses up for everyone else, which in turn increases rent.

    10
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    Mute Stuart Doherty
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    Jul 20th 2016, 11:57 AM

    when are they gonna do something for those crippled by negative equity….. No chance taxpayer… That money is earmarked for those on the social, they need their Christmas Bonus don’t you know… Ciggies and pyjamas don’t come cheap…..

    10
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    Mute Ronan Sexton
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    Jul 20th 2016, 2:30 PM

    Negative equity is only relevant if you want to sell the house.

    5
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    Mute Fergal McDonagh
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    Jul 20th 2016, 11:22 AM

    No. Do the ‘yes’ voters here have any idea how money works?

    10
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    Mute Darragh Egan
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    Jul 20th 2016, 12:50 PM

    The Help to buy in UK didn’t work. It just increased house prices and may them even more unaffordable.

    6
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    Mute Mr T
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    Jul 20th 2016, 1:03 PM

    Build houses and prices will reduce.The problem is a supply issue. It should not be dealt with on a fiscal basis.

    5
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    Mute theangrypotato
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    Jul 20th 2016, 3:24 PM

    When the government dabble in the property market bad things happen

    5
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    Mute Cathal O'Murchu
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    Jul 20th 2016, 1:01 PM

    Of course the prices will go up. Anyone remember the stamp duty threshold whereby you had none once the price was €317,500? What happened? Every shoe box house and apartment went up to that threshold. What I’d like to know is what the government will do for the so called lost generation who bought at the height of the boom and got stuck with apartments and small houses which are simply not suitable to raise a family in? Wouldn’t it make sense to help those too so that starter homes can be sold and freed up for this generation of first time buyers. Yes I’m one of them, yes I’d like to be not renting out my apartment and in turn renting a house so my children can have a childhood and friends to play with. The central bank rules are working to an element and keeping prices down however they are a noose around the neck to young families like mine stuck in negative equity. Our government are small minded and are only thing of voters for the next election. Rant over

    5
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    Mute Donal Carey
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    Jul 20th 2016, 2:25 PM

    The vultures only waiting Builders ,Bankers ,Estate Agents and the Government waiting to take a share at the end .

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    Mute Ray Caffrey
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    Jul 20th 2016, 4:33 PM

    For a lot of people it’s not the price of the house that is the issue it is the fact that they are paying rent that is far in excess of what a mortgage repayment would be and therefore cannot save the requisite deposit. ..

    3
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    Mute HOTBank
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    Jul 20th 2016, 10:46 AM

    We need to have a more radical look at housing policy and join the developed world. The British inheritance of semi-detached hoses with front and back gardens can no longer work. We need well-planned high density housing and builders who are prepared to do in Ireland what they did in other places, including ironically in Britain, to deliver that housing.

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    Mute Peter donnelly
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    Jul 20th 2016, 11:19 AM

    at hot bank, have you seen these modern housing block`s ? they are the qheto`s of the future think back to ballymun, I lived there and at the time it was a great place to live but unfortunatly didnt work, highrise flats/appartments always start out with the best intentions but human nature is not designed to live in each other`s pockets we need a certain amount of space, the council in tallaght are destroying the place with their house`ing policy of building extra housing on every vacant space they can find they dont even make any attempt to blend the new with the existing with the result the place looks crap for want of a better word….

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    Mute Kal Ipers
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    Jul 20th 2016, 12:56 PM

    Peter> Millions of people live in high rise buildings no problem all around the world. Ballymun failed due to managment of tenants.

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    Mute Brian Lynch
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    Jul 20th 2016, 5:01 PM

    When Cromwell said ‘to hell or to Connaught” 366 years ago he wasn’t sending poor families to a 3 bed-2bath
    Celtic Tiger house in Mayo ; oh no, he was sending to a boggy-rocky region with nothing except hardship.
    Nowadays, politicians are not game to suggest that the chronically unemployed-welfare addicts of Dublin should be
    relocated to Celtic Tiger ghost estates , which, with a few k a pot, could be restored to their 2007 glory.

    Instead we want to build Dublin houses and apartments starting a a quarter of a mil a pot…….not bad if you can afford it
    …….eh?

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    Mute Rosa Parks
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    Jul 20th 2016, 9:04 PM

    Yes unless they come from the upper classes.

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    Mute Liam Geary
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    Jul 20th 2016, 7:54 PM

    But why not give relief to all first time house buyers, who purchased from 2000 , as these were the people MOST effected by the property bubble/ crash. Surely these are the people who deserve ANY help- by way of tax relief, or State grants, more so than New buyers of today. Mortgage holders of those years before the crash, are struggling ( at best), in default ( at worst) – if not suicidal with enormity of their plight..these – ALL- in negative equity, surely deserve to be assisted, just as much as New Buyers, of today? This proposed new homebuyers grant, will make our Property Developers more wealthy , again…at the taxpayers expense( AGAIN)…this is a pretence of Government, to ‘help’ . Can we not see, the “Galway Tent”, syndrome in action here: again???

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    Mute Frank Gavin
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    Jul 20th 2016, 6:19 PM

    Who will end up paying for this ?? The squeezed middle of course. It won’t come from the gravy trainers and the wealthy won’t miss it !!

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    Mute Dave O Keeffe
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    Jul 20th 2016, 2:53 PM

    Mortgages for all hoorah!

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    Mute _doesnotcompute
    Favourite _doesnotcompute
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    Jul 20th 2016, 3:06 PM

    The money for this scheme should be put towards tackling the homelessness crisis.

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    Mute Aidan Clarke
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    Jul 21st 2016, 8:34 AM

    its like Déjà vu listening to the rubbish of grants and building organisations looking for liquidity to first time buyers. we have gone like uk they go through boom bust and were just heading into the start of the next one

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    Mute Kim Prylowski
    Favourite Kim Prylowski
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    Jul 20th 2016, 9:21 PM

    Rich people should’nt get a grant

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