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A LARGE GROUP of people are currently sitting in the pouring rain in a bid to secure a deposit on a home in Dublin 15.
Would-be house buyers started queuing at 6am on Monday morning to reserve a house in the new Beechwood development on the outskirts of Clonsilla. The 24 three- and four-bed houses go on sale on Friday at noon.
The price of the homes range from between €300,000 to €500,000 and the small crowd of people are stationed outside the sales office. Prospective buyers will be asked to put down a refundable deposit of €2,000 to proceed with a purchase.
Those queuing have come equipped with chairs, deck chairs, umbrellas, blankets, warm clothes, rain jackets and other supplies.
However, those waiting have not been handed a ticket guaranteeing their place, which is often regular practice for many new builds when there is demand. Instead, they are operating an honour system – with each person getting to know those waiting either side of them who can vouch for their position.
TheJournal.ie spoke to a number of people, most of whom didn’t wish to be named, about the process of waiting.
One man, who is waiting to put down a deposit for himself and his girlfriend, said this is the way things are now.
“I had expected maybe one or two people to be here when I arrived but there were already 15 for 24 houses so I just jumped in. This is what you have to do now.”
The estate agency selling the properties, Kelly Walsh, is making no comment at this time.
The scenes at Beechwood Gate are reminiscent of those during the property boom of the Celtic Tiger-era which saw people queue up for developments in places such as Adamstown, Ireland’s first ghost town.
This isn’t the first example of it though. Last year, the Irish Times reported that people stayed in line overnight to snap up properties at Kilternan development, Bishops Gate, which was being sold by the same property advisors Kelly Walsh.
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Deja vu! Obviously we’ve learnt nothing from the last crisis.
@Colin Forbes: I’ve learnt something…. we’re all gosh!tes…. haha
@windbag: gobsh!tes even …
@Sandra O’Fucáif: It’s simple economics, low supply and high demand results in higher prices
@Pat Bateman: it’s simple democracy. We keep returning the same parties to power.
@Joey Navinski: absolutely. High, ever rising houses prices are government policy. It’s literally that simple.
If you build large swathes of housing, social housing, consistently, eventually house prices return to manageable levels.
Of course that puts pressure on the banks balance sheets because they have lots of mortgages in negative equity. It also upsets lots of middle class homeowners – also in negative equity.
The key is – get rid of FFFGLab. Never happen.
@Colin Forbes: I would agree with that statement in terms of what the government are doing! The vast majority of people I know in Dublin are renting and are in really sh*t situations, due to renting. What do you expect these people queing to do? they are taking control of their situation and they are right to do it! Your faith being left to the mercy of government and landlords here is the alternative!
@Shane Zerbe: As I said below shane the alternative for anyone sensible is to leave.
@Joey Navinski: the problem is, the alternatives are seen as total incompetents, who just hurl from the ditch. The issue for me, is the lack of a competent alternative… There is no lack of alternatives…
@Shane Zerbe: that’s there’s no competent alternative is a complete fallacy.
Firstly the current lot have repeatedly proven themselves incompetent. Worst case scenario – we replace incompetent with incompetent and teach the first shower a lesson that they must improve how they govern by removing them.
Secondly – they’re no evidence to support the contention that alternative are incompetent. We’ve never tried them.
Really what it boils down to is that those who say “there’s no alternative” are actually just happy with the current lot. Usually Because they benefit from them.
@Stephen Adam: Please provide proof to your claim.
Much simpler view is they are incompetent which matches up much better. Don’t forget the ERSI pointed out there would be a housing shortage and the public laughed out home riddiculious that was. So the public didn’t want houses built.
You are just making up your theory incorrectly by speculating how the situation arose.
@Shane Zerbe: and around we go, keep voting FFG Plebs.
@Colin Forbes: Lambs to the slaughter as per usual.
@Stephen Adam: oh yeah, if they can, I would agree…
@Colin Forbes: obviously they have learnt. Houses built now are all made with attics ready for conversion to future proof houses.
If you buy in a good location and a house that you won’t outgrow then negative equity isn’t really a problem!
The issue in the past was that people that couldn’t afford to buy homes and shouldn’t have been able to based on the nature of their jobs did so.
@Sandra O’Fucáif: “Why are we allowing capitalism to destroy our values” you ask?
Is it not lack of capitalism that has the housing supply so low.
In Ireland developers develop houses, governments don’t develop.
You voted for a government that set up NAMA to take their scalp years ago and now you see the repercussions.
@Kal Ipers: Please provide “proof” that the public “laughed” and that the “public didn’t want houses built”…
See? It cuts both ways Kal.
How can I prove that it’s policy? I can’t. All I can do is present the facts. Ever rising house prices. Ever increasing demand. No social housing being built.
You cry incompetence. I cry planning. You assume every single member of government and the civil service and all their economic advisors are totally dim witted. I think that’s unrealistic.
You claim incompetence – I point to successive neo liberal right wing free market governments.
The facts and common sense support me.
@Stephen Adam: Read the comments.
http://www.thejournal.ie/esri-housing-shortage-1605325-Aug2014/
Facts don’t support you the same result can be incompetence. LOT more proof of incompetence yet I don’t see any evidence of master plans. It doesn’t even make sense for them to do what you say. It relies on an assumption that everyone is bribed and somehow profiting.
@Colin Forbes: When will we ever learn, next bubble building nicely.
@Kal Ipers: it doesn’t make sense?
FG voters are primarily middle class, above national average wage earners. Most of them owning their own homes. Rising house prices benefit these people and thus Fine Gael. If house prices collapse many of them will go into negative equity damaging fine gaels core vote base.
Ireland still owns many of the banks the primary asset of which is still – the mortgage. If house prices drop and mortgages go into negative equity the banks, which we own, are worth a lot less making them harder to sell.
Most of the members of Dáil Éireann, including LV – are home owners. Many are landlords. They all benefit financially from high house prices and rents.
But no Kal. You’re right. It doesn’t make any sense.
@Stephen Adam: I agree with a lot of what you say but there is little benefit for most, irrespective of average earnings, to rising house prices except the banks and developers. Who wants to pay higher property tax?
@Colin Forbes: This is like a rerun of the 70′s when new houses were so scarce that the evening papers publicized competitions to win the chance to skip the queues for buying new houses in Tallaght. Before that, in the 50′s and 60′s, the same conditions preceded massive house building initiatives. When it recurs this consistently, it’s the exact opposite of learning nothing. They have learned how to maintain property prices.
@EillieEs: Last I checked property tax was connected to market value of the property which is fixed and not increasing. Why? Why would the government do that? Why would they agree to make less?
Because, basically, as I said already, their voters are homeowners and no one wants to pay massively inflated property taxes. See that’s where their policy hits a big ol speedbump. Solution – fix them. Don’t let them go up. Problem solved.
Banks benefit. Brilliant. Homeowners benefit – their property value goes up. Politicians benefit – happy voters and by the way politicians are also homeowners and landlords.
The established classes all win. That’s why it’s policy.
@Colin Forbes: and instead of singing in the rain they are sitting in the rain !!!!!
@Sandra O’Fucáif: happening to us???
What exactly is happening to you over this because it’s not effecting me or anyone I know and nobody they know etc
So how is this happening to you???
@Stephen Adam: Sorry but saying one political party is one class of people is pure BS. These people have children like everyone else and they can’t afford to fund all their childrens’ mortgages anyway. I would be classed as middle class and don’t want people priced out of the market permanently. To suggest people don’t care about anybody but themselves is a huge chip on your shoulder. You have deluded yourself that there is a them and us mentality with everyone when in reality it is you who thinks like that. Easier to blame everyone else. Some other think like you and are better off but I don’t see any difference between you and them.
So yes what you think makes no sense in the real world where everyone is not trying to screw the other person.
@Kal Ipers: I think your missing the point Kal. And you don’t seem aware of the traditional voter bases of the parties either.
Pointless to continue.
I feel bad for them and maybe they don’t have a choice if they need a house now, but they’re playing right into the estate agent’s hands there.
@dearg doom: But the people who don’t queue will be playing even more into their hands once later phases are launched which always go up.
The moaning on here is unbelievable. Not Enough houses being built. – New houses being launched….ah they’re too expensive….I can’t afford one of these houses therefore anyone buying one is an idiot or they’re a poor build or I don’t like the colour of them…
Can nobody see the positives, they economy is strong unemployment is low, wages are growing strongly (this may actually be a negative), inflation is extremely low.
@joe: Its extraordinary to read this after everything the country went through.
Buy buy buy!! You’re only costing yourself if you don’t!! Get on the ladder or you’ll lose!! Don’t be a fool! Buy a house! Hiuse proves are only going one way! This booking house market is a great thing!!
We’ve heard all that rhetoric before. But this time it’s a good thing. Right? Right?
@Stephen Adam: Yes but what do you want people to do? Live perpetually in rented accommodation? Pay somebody elses mortgage? Its all well and good criticizing hard working people but your not offering any feasible alternatives. And no, renting and paying out insane amounts of money in Dublin to never own your own home is uneconomical.
@joe: Not much of a positive to have money tied up in an illiquid fixed asset. Far better if the money that is being pushed into mortgages and rent was spent in the real economy, daily expenses nights out local shops etc.. the things that people sacrifice in order to sustain their inflated living expenses.
@Stephen Adam: but in the long term they are. Most people that bought houses (reasonably sized), even in the boom are now paying less in mortgage repayments that they would be if they were paying rent.
The State pension wouldn’t even cover rent, so if you don’t buy you are fu**ed. Buying a house is a sound king term financial decision and I don’t see how you can’t see this!
@joe: I heard the exact thing in 2007
@joe: The long term you refer to skips the ten years between the last book where the economy went into meltdown costing billions, jobs lives. Where tens of thousands emigrated and tens of thousands had their savings wiped out.
You realise we had to bail out the banks?
Madness. Utter madness. You actually believe that house prices will never drop – every house in the country will be worth north of a Million eventually will it?
You completely discount the human cost and national cost of a massive painful correction.
@Karen Doyle: the sensible option, as I said Karen, is to leave the country. Rent is the obvious answer in stable housing markets and is the preferred solution in lots of properly run European countries such as Germany and France.
Here however because of the insane and ignorant housing policies renting is not an option.
So – can’t rent. Can’t buy. Obvious answer – leave.
And if you can’t leave? Well obviously you’re screwed. And, funny thing, we have record levels of homelessness.
Is the answer to all of this encouraging people to fuel the housing market to unsustainable levels? Really? What happens when it call goes wrong again?
@Dave Thomas: that’s the point long term is 35 years. Is it a sound long term investment. Yes. Even if you bought the in 2007 you will have less to pay come retirement. The majority of houses have now recovered to their prior purchase prices
@Stephen Adam: yes they will eventually. My parents bought their house in the 80s for 80k it’s now worth 500k. There’s a thing called inflation!
@joe: Right Joe – and the interim. What about all the people who lost livelihoods, children emigrating, the suicides – were they all just foolish people who didn’t have the wit to hang on “for the long term” as you put it?
If all we had to do was just wait “for the long term” why did we bail out the banks? Surely prices would just rebound and everyone’s a winner?
As I said already. You’ve completely ignored the real cost of a ten year correction which has cause untold hardship.
You mentioned Inflation. What is the current inflation rate in Ireland? How does it compare to house price increases? Check that out and tell me if here’s a disconnect between the two. You might discover a hole in your theory
@Stephen Adam: it’s actually not. In France most people now buy! Unless they live in the centre of Paris.
@Stephen Adam: inflation is below 1% in Ireland. Housing and rent are included in that figure. Long term this won’t stay like this. Once we’re back paying a Euro a brick to the brickies house prices will rise again. Rents will rise. The cost of a house bought today will remain the same and you will be better off than somebody who stayed in the rental sector.
@joe: house price inflation for Ireland so far this year is over 7%.
Peoples wages can’t keep up.
@Stephen Adam: exactly that’s the point that’s why people say better get on the property ladder….that’s why it’s a wise investment because as you just pointed out the prices are rising. They will come down again of course, but probably not by as much as they have risen. It’s all part of the economic cycle.
@joe: I do appreciate the sentiment, but no person should have to queue for 4 days and nights to hand over half a million quid. It’s madness that we’re back at that point. But yes, if people can afford to buy a house, it should always be a good long term investment, as long as they’re economically robust enough to weather a down turn
@joe: you’re espousing exactly the same mistakes as all the guys the last time it all went wrong.
You’re assuming that a gradual, modest rise in the price of housing over 30, 40, 50 years in a stable market is the same thing as massive surges in pricing over a very short period due to an artificially inflated and unstable market. They’re not the same thing.
Massive surges in pricing like we have now results, ultimately, in massive corrections. And in those corrections banks collapse, homes, jobs and even lives are lost. Economies tank.
Not only that but you keep referring to housing as an “investment” which is typical neo-liberal FG speak. One Major problem we have in this country is that housing is seen as an “investment”. A way to get rich.
@Stephen Adam: I agree that you shouldn’t have to queue to buy a house. I refer to it as a personal investment not a way to get rich but a way to secure yourself into the future. It’s an investment in you’re future. Same as a pension. A tv is also an investment so is a car. You buy it to get use from it. Not to make money.
Seems more like poor management by the estate agents than anything else. All that’s needed is simple registration system that allocates prospective buyers viewing slots…
@Tomás O’Loughlin: But thats not beneficial to the estate agent. Having a crowd of people waiting outside promotes panic. Panic will cause inflation in the prices when some lad says ill pay 5k more than than her in order to get what i want. Imagine owning a shop and you had this one item that everyone wants… but nobody can get. You would want people getting frantic to buy your product.
@CryptoSteve: 100%; couldna agree more
@Tomás O’Loughlin: look at the free publicity this gets them, inflates the value of future releases of the scheme also…
@CryptoSteve: Exactly, this is exploitation by the vendors. Give them a ticket for the sale and let them go home out of the rain!
@Shane Zerbe: I’m agreeing with you all. The bit that annoys me is it’ll be spun as a sign of an out of control property sector, as opposed to what it is – not arguing there are no issues in the property sector; just that reporting on these stunts helps no one but the stunt prone estate agent! :)
@CryptoSteve: For new builds, there is no movement or bidding on price. You pay asking price, no more. For 2nd hand homes though, it’s a bidding war.
@Peter Cavey:
Everyone heard of gazumping?
@Peter Cavey: aw, so naive
Nobody knows these people’s circumstances. They may be renting in the same area already with deposits saved and paying more for rent then their mortgage will be so it’s an opportunity to settle permanently? If they’re queuing then they’ve obviously been saving and looking for houses and think these are ones they want and have mortgage approval.
@Anto Curran: You getting wet out there Anto?
Gotta love the publishing order of these articles!
Find this very hard to believe. Queuing up for an overpriced, badly built property, poorly designed property. Some people are destined to be idiots.
@Whoswho: Yeah people who have no knowledge of construction and never views these properties telling people thwy are badly built. Son people are complete idiots
@Whoswho: Look like a good design to me. Large back gardens, high quality fixtures and fittings, A rated 10 year homebond guarantee. Did you look at them? Stupid question, of course you didn’t!
@Whoswho: I queued for a very well built, A rated house with mortgage repayments considerably smaller than for the E rated house which I am currently paying for in rent. How am I an idiot?
@Whoswho: How do you interpret these houses are badly built.
They are modern and highly effecient. I regularly stay over in a similar house in Barnwell.All amenities are in place.Have no problem buying here.
@Whoswho: How do you interpret these houses are badly built.Are you an architect.
Large group of people? Only 25 houses so how large can the crowd be?
@Kal Ipers: 3 is a crowd
@Kal Ipers: rent a crowd to generate interest in the development
@Lee Jones: Exactly what happened last time
I did this too in 1992 on HMV Henry Street for G’n'R tickets but only the night before.
What sort of a f___ed up society are we living in?
Here we goooo again
@Jimmy Cullen: FF/FG may as we be selling these houses. they should be renamed. cause and effect.
people may scoff at these people, but needs must. The rents on these compared to the mortgage, would be a joke! With the shambles that is the property market here, just buy if you can… Both FF and FG, support rising property prices. At least with new properties, the price is the price, non of this “we have just received a higher offer” hocus, pocus stuff… Also Im just looking at the website for that development, it looks pretty low density!
@Shane Zerbe: Maybe they’re buying to rent them out…..
@Pauliebhoy: Yesiree, emboldened by a bank offering great deals for ‘investors’. That’s how it all started the last time.
100%, Interest only, Tracker was what it evelolved into and now that very outfit are flogging their loans to vulture funds at a discount that they won’t offer to the people they sucked in.
Sick is what it is.
A get rich quick scheme.
@Shane Zerbe:
I fully understand the reason someone in the position you mention would be looking to buy, I would do it myself.
One point you made, with a new house the price is the price, wait until you are “gazumped”.
@Gerry Ryan:
The only way you can get an interest only loan now is by coughing up 30% plus costs up front, on the basis of the prices above that’s between €100-€200,000 depending on house. Leaves a lot more room for the bank to recoup in a crash.
Not too many individual investors doing that at the moment. REITS are building their own app blocks.
They told us they would not be giving us tickets. Publicity worked. Sitting at home now ticket in a safe place.
Poor sods. Went through a similar process back in October but at least we could sit / sleep in our cars rather than be in the rain. Good luck to them all, hope they get the house they are after.
What’s the bet these same people will vote ff/fg in the next election. Nothing will ever change in this country
@munsterman: That’s what we have so we have to manage it correctly. There is no alternative to these parties so we need to use people power. The only problem with housing is the part of Eire want free houses and the other part don’t want them to have free houses so there’s a big uphill battle there.
With water charges 75% didn’t want the rest didn’t care.
@Gareth Cooney: We absolutely do have alternatives to those parties. Ones we’ve never tried.
@Stephen Adam: If you owned a company with a €35 billion turnover, would you elect a board of directors that never ran a company before run your company?
If you answer yes to that question then you shouldn’t be allowed vote.
At 11:59 on Friday I’m going to do tumbles straight to the top of the queue……….
“Honour system” ,good luck with that on Friday morning.
When will the gobsh!tes in Ffg realise that exorbitant house prices are BAD..?
Fg, Where are my children going to be able to afford to live, when they enter the work place??
@paddlingAlong: They don’t care. They only plan ahead enough to try and get re-elected. Simple as.
@paddlingAlong: Your kids will have a smaller problem in Australia or Canada, unfortunately.
As a residential real estate professional, I can confidently say these scenes will be the norm for the next 5 to 10 years.
#lackofhousinginventory #absorbationratestolow
@Erik Raftery: Erik. You’re correct. I’d put it just 5 years though. Then it’ll be back to NAMAs big brother, and FGs FFs LABs little Bilderberg vulture mateys. You might even get a local, yet non-dom, vulture eating from the top table.
If anyone is thinking of selling, then the next 3-4 years is the best time. After that, it’s back to Banks selling off.
Clearly these houses are underpriced if there is a queue outside a week in advance.
We need reverse psychology here, leave them with their overpriced homes and force the prices down, we will never learn
@Anne Kerins:
And where do you suggest they live while they are trying to force the prices down?
@P.J. Nolan: Wherever they’re living now.
@Father Hody Commody:
If that was possible there would be no demand at the moment. Last time I checked there was no shortage of demand.
Isn’t this the line for Metallica?
Amateurs. In my day we queued to buy them off the plans before they were even approved to be built!
put it this way! what is madness is not taking control and buying if you can! Assuming you are paying the market rent, the lack of security and prices are a joke. FG and FF support endless price hikes as it benefits them come election time. The damage this is doing to hundreds of thousands of people is disgusting. If in a position to buy, just buy in my opinion.. The system is rigged here, might aswell benefit from the rising prices and if you are buying a suitable property, its a home, not an investment!
@Shane Zerbe: Shane that is the exact lunacy that fuelled the bubble and bankrupted the economy.
The answer of course is not to buy. Not to rent. But to leave. Now lots of people can’t so they’re trapped. But buying in this market with grossest inflated prices is a daft idea.
@Stephen Adam: Stephen I dont think that they are at peak prices yet, probably a few years off. Ok, so take these people queing, your advice would be to continue renting? My mates are all f**cked with the rental situation. As if you can save when paying off the wall rents. The amount of rental properties available is negligible, even renting your own place in Dublin is wishful thinking, you have near lottery like odds of getting a place, unless you earn a lot and are looking for higher end properties! Say you wait and wait, think property prices will drop, what do you do in the mean time, get the rosary beads out and wait a few years on a “what if”? being bled dry on rent and the uncertainty. At this current moment in time, I would still say buy if you can. I remember around 2006/07 thinking the whole thing was lunacy and anyone buying was mad, at this time, I think it is madness not buying, if you are in a position to do so and given all the other factors…
@Stephen Adam: If they wanted to leave Stephen, depending on when they bought, the market rent well cover the mortgage. Many dont want to leave or cant. Its totally unacceptable that people should have to leave THEIR country, due to disgusting lack of empathy from those *£$&£&$£($(“£)”)£* in government! Its pretty obvious that you cant leave property to the “free market” any more, and I am saying that, so layabouts can get “free housing” even for workers on low – mid incomes, the situation is out of control…
@Shane Zerbe: i wouldn’t advise anyone to rent. I’d tell everyone to leave. As I said already.
Renting or buying. Both are terrible options. All caused by self serving governments.
It’s a mess – with no easy solutions. I don’t have answers for those people queuing. But I suspect “buy buy buy” to be seriously questionable advice given our recent history.
@Stephen Adam: Inorrect, What caused the last property bubble was easy credit, no income thresholds in place and 100% mortgages. In turn there ended up being an over supply of houses sitting vacant with no credit available to buy them. The central bank is taking a much more active role this time around with regard to the prospect of a bubble.
@Simon McGrath: I didn’t say the problem was the exact same as last time – merely that ever increasing house prices are completely unsustainable.
Our economy is completely over dependant on FDI. Google Facebook Twitter etc. What happens when their workers simply can’t afford to live here? They have to pay them more. And then more. And then more. Until, eventually – it’s not cost effective to remain. Those companies have already complained to government about the housing and apartment shortage allegedly.
If a few of them up sticks our economy might not look quite so hot. What then?
Put simply – the country will, sooner or later, face a an economic mess if a housing shortage continues to make housing unaffordable.
@Stephen Adam: lol so you want a free house!! FFS!
@joe: Hmmm interesting what you took from that Joe. Never said it or even referred to “free houses”.
@Stephen Adam: well if you don’t rent or buy how do you get a house you idiot
@Stephen Adam: you said above “the same lunacy that fueled the bubble and bankrupted the economy”. Whatever way you look at it people need home’s to live in.
@joe: You dont. You either leave or you’re screwed. Which might by why Joe – we have record levels of homelessness. Eh?
@Simon McGrath: it is the same lunacy. That massively inflated house prices is a safe and prudent method by which to manage the market and wider economy. It’s not.
@Stephen Adam: The big difference here is supply and demand.
@Simon McGrath: and? Massive demand no supply. What’s your point?
@Stephen Adam: we had over supply in 2007 along with cheap credit. We have under supply with tight credit for both the developers and buyers. Not the same scenario.
@Simon McGrath: I didn’t say it was the same scenario. I said it was the same lunacy – the same mentality. That house prices can be made to surge to unaffordable levels and that is a perfectly sound economic model with no downside or risk of implosion.
Will it all go wrong the same was as last time? No. The conditions are different. Will it all go wrong? Absolutely.
Can they not just take the deposit off then today? Send a message that sales have started early to everyone else.
@Ronan McKeon: The price today won’t be the price next week.
The value of an item is ultimately driven by how much a buyer is willing to pay. The builders/banks are business people. They have a responsibility to make as much money as possible and frankly have no responsibility towards the Irish people.
The government whose main priority should be to prevent another crash opt for populist strategies of cutting deposit requirements and offering tax subsidies.
This enables buyer to go to market, pay more than an asset is worth and possibly more than they can afford and prices will go up and up until everything implodes. A fool and his money are soon parted.
@Wreck Tangle: The value of a house is ultimately driven by how much the bank is prepared to lend (in most cases bar cash buyers).
Just because houses are necessary doesn’t mean it necessary for developers to build them. If the money is not right then why take the huge risk involved. Banks are risk averse too and they are not lending to developers like they used to hence the low supply.
If developers can’t make a reasonable return on investment it’s just not happening
@Wreck Tangle: nail on the head. I said this earlier, they are out to make a profit. Its government fault entirely!
Great to see the boom back. Country is back on track.
Resession on the way again. And who will have to bailout the banks the taxpayer again. No wonder politions and bankers dont care.
Going back to Celtic Tiger years.
All we need now is Bertie as president.
Him up there!!!
Us down here!!
Tick Tock Tick Tock
Crazy situation. Have we learned anything?
He
IMO the queues are forming because the First time buyers scheme is for New Builds only, it’s no open to second hand dwellings…. so all the FTB are rushing for the new builds so they can save a few Bob on already extortionate prices….. sadly though the developer will view the queues as demand and push the prices up, so what are they saving in the long run?
We created this new bubble and if we don’t scrap the FTB scheme soon we should at least open the scheme up to second hand dwellings to relieve a small bit of pressure on people trying to get on the property ladder.
An easy 20k to be made by just flipping the deposit.
LOL, now where have we seen this before????
No bubble though, no siree bob………..
Half a million for a gaf in Clonsilla………Clonsilla ffs!!!
Landlords in the Dail are making a big profit off this, I am sure in time we sort this out lads.
I had to queue overnight in a hotel, this is another level..
Have few bit coins left after they crashed. Couldn’t crash twice or could the. Nahhhhhh
Sure put up a tent and you’ll be grand and dry!
Pure Propaganda. Shame on this Estate agent & Builder …shameless. They just purposely release a very small no of units at first launch deliberately, knowing damn well they will be sold in a quick time, thereby creating hype, hysteria and stress for other would be interested buyers; then next launch = MORE hype + inflated prices. It’s such a GAME they play…with peoples minds, money and mentality. Hugely exploitative.
And just look at the next story down
People quick to judge here I had a friend queued for a home years ago they still live there since then the sky never fell in the builders/developer’s banks and estate agents are all part of the process he got on with it and now it’s worth several times what was paid.
If there are people who will do something for themselves why denigrate them fair play to them they are the future contributors to our economy.
Blaming and dwelling on the past is the not going to fix anything supply can only come gradually nobody has a fix Taxes, planning, workers and finance are bottle necks to ramping supply.
Que? What Que?
I’ll be going there Friday morning and walking straight in. None of my business people are loitering
Wow! People need homes to raise their families. What a bunch of morons!!
@Michael O’Sullivan: you will also need to have money to feed your family,
@Anne Kerins: your right. You do.
FF FG parties are fully responsible for the current housing crisis by failing to adopt high rise planning policy and winging property prices up. Next generations will not forgive you this. Forget about my vote.
@Greg Gumble: *winding
Gob$/@#s, is about as much one could describe these fools.
What a bunch of morons
It’s dog eat dog everyone is out for the kill nowadays…
This is what happens when the economy is so Dublin-centric.The latest “plan” when properly read dispenses most to Dublin,some to Cork
and a bit to Galway.For those of us in the North-West there is ,essentially, nothing.When the government were rumbled on this they did a rushed pr job (cabinet meeting in Sligo- whoopee) .
Clowns.
Concepts ‘social housing’ fell with Berlin Wall
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