All controlled by greedy landlord TDs. Nearly all tds own and rent multiple properties. Robert troy in Westmeath has about 13 properties,wasn't he forced to step down as a minister for not declaring how many properties he owned. And the Healey rays must own half of the properties in Kerry.
The citizens of Ireland are the real problem - if they had sense, they'd be taking to the streets to protest, en masse. Instead, they keep voting for politicians who couldn't run a bath, let alone the country.
We had elections a few weeks ago and the Irish people seem happy to keep the curruption going Michael Lowry is a convicted criminal who will be in the next government
It's all down to corruption, and greed" and planning permission. Who gets it who dose not,, you cand put a logg cabin on your own land but you can build 100 hundred apartments at the dro of an envelope!
This housing bubble will all end in tears again like 2008 and this time will be much worse than the last. The Government have learnt absolutely nothing from the last crash, absolutely astonishing.
@Jonathan-yd8ud The Government parties have voluntary membership machine to push their agenda on a run up to elections and of course people of lesser intellect "who have always voted FF/FG". These cretins are to blame for the return of the nightmare.
@@gaiaiulia plus 75 % of TDs are property landlords. Obviously this has nothing to do with them inviting in the vultures back in 2010 to reinflate the property market and throw the ordinary Joe's under the Bus. Perish the thought it was totally to save the country.
Last bubble was speculation and banks lending for fun. This time it’s all supply and demand. It won’t crash anytime soon. We’re not building enough house and won’t. Prices will just rise and rise
Good man Peter keep up the good work , ,, ,the agenda is rent instead of owning properties for the working class which is why we have apartments being built instead of houses ,
What happened to all the ghost estates from the crash of 2008 ? There were new and half built houses all over the place. If you were a home owner you couldn’t get rid of your house. Its value FELL and nobody was buying
I also wonder about this. Why aren’t those houses being used for the homeless and legitimate refugees? Or being finished and sold at reasonable prices to those priced out of the current housing market. It makes no sense. Although nothing much does make sense these days.
@@martymartin2894something like that. not many I can think of locally but there are 3 right on the edge of town here, could make a couple 100k easily if finished and sold but they're abandoned since then
@@genevievedolan1288 I live in rural Ireland in between two towns were there were 4 estates with nothing down between 2008 and 2015 but now they have all been finished , over 80 houses in total , very few estates were bull dozed down but are still a few estates not complete yet in rural Ireland
Moving to France .....just bought a 3bed (90m2..1963built) for 100k....30min walk to Centre Ville...5min walk and I'm in country lanes....my mate (1st kid on the way) & wife are 4min walk, so I won't be lonely or bored (Im expected to be an "uncle"...I'll teach the kid HURLING!!!!) Great move........
Greed Corruption Sleezy TDS. More to the big Corporates. I'm alright Jack sod all the rest of you working class. Keep up the good work thanks for all you do. Irish people need to cop on and no violent demonstration only peaceful ones. GOD bless Ireland and the Irish people 🙏 🙌 ❤️ ♥️ 😀
@@gerrybyrne5636 Merci. Signed last night and got the keys. Beautiful sunny day this morning as I finally moved in. Lots of problems here too (I'm not too naive) but as it's not my home country, we can trace back hundreds of years to the same farm...even 1000s to the Gaelic clans as we all do, I do not feel hurt and let down, unlike Ireland, where I see the destruction by the lefties.
If you take out migration legal or illegal property is overvalued about 25/35 percent Remember the government want to keep this going because when the crash does come heaven forbid the Irish Estate agents are lowest of the lowl but they pay the medias wages .
@732daven to be honest you should say what Billy Connolly has to say about them. When you have housing programs advertised during children's TV time Your living in a shit hole country Simple
Then we will be left with tonnes of angry guests looking to blame someone for their poverty. I guess that's the plan. U. K is falling economically right now.
There is a factor other than supply and speculation. There is the contrived shortage of existing housing stock on the market. Lest we forget, existing housing stock is 99% of all houses. The government is trying to keep those houses off the market. That is why people can default on their mortgages for years on end without being foreclosed upon. They pass laws to stiffle repossession by the banks (which we are reluctant shareholders of) and they rescue the banks with our money when they fail. So what we need is the kind of upset Trump and BRICS promise. With Trump justs days away from the white house, there are grounds for optimism.
Brilliant video , just got a house 1 1/2 years ago at 39 , house needed major work and estate agent still wated more than asking price surely the government should be able to cap on second hand prices the condition there in
I don't know if our definitions of "very rich" are the same - but yes, the people that benefit are anyone rich enough to not be in negative equity at the bottom of crash, that can capitalize in any rallies in asset prices by already owning them, buying at the bottom etc
Too many vacant houses in Ireland but the problem is it would be cheaper to knock down an old house in Ireland and build a new one than renovate an old house , the grants are a help but the cost of labour and materials now is insane and too much red tape involved in these projects
One thing I always find amusing, in a tragic way, is that people across the nation will rightfully speak of the housing issue in Ireland and how difficult it is for people to buy a home in Ireland as a first time buyer. It is referred to as a crisis. This crisis is constantly referred to, but a crisis that is recognised but gets no remedial action is merely lip service. This is when house prices see annual increases of more than 5%. In many cases, it's over 10% per annum. Compare that to when oil prices, specifically prices to fill up a car tank, increases. It's temporary yet is treated like an immediate problem to rectify. When oil prices hit $100 a barrel the government put immediate relief on petrol pump prices even though is was a tiny nominal increase relative to house price growth. Funny how people acknowledge a problem but ultimately don't care.
In 2008 there were two solutions to the great financial crash. Allow everything to go bankrupt or inflate the debt away. They chose the latter and all central banks started QE i.e increasing the money supply. The dilution of currencies has been approximaty 7 to 8 percent per annum. Add to this baseline inflation of 3 to 4 percent and you get the real annual inflation. Wages are linked to GDP and have only been increasing at 3 to 4 percent. The only thing that has kept pace with currency devaluation and inflation are assets i.e property, stocks, commodities. There is nothing governments can do to stop asset price inflation. In every country house prices have escalated. Combine this with the increase in population in Ireland of over a half a million and the demand for houses skyrockets. Supply on the other hand has been on a downward spiral. A 50 percent reduction in 2nd hand homes in the past ten years. Do what it takes to get on the property ladder. The money printing will continue for a long time yet. You need to hold assets or you will be left behind. You may not agree with this but unfortunately this is they way things are.
Over 750 people and an bord pleauneaula stopped over 570 homes and apartments from being built in dundrum south dublin again and again and again this happens through out ireland how can homes be built with everyone constantly objecting to them from being built so how are developers ever going to build homes with this epidemic of objecting time and time again and then they cry about a houseing crisis🤔🙄
I recently bought a house in Ireland, working class and saved for 10 years with my fiancee, we bought in meath , but tbh I think Ireland is doomed and as an irish man i can honestly say that i will not be here in 10 years , the cost of living and greed in this country has gone to far and yet at the dame time the stupid government seems to give our tax money away without a second thought to unvetted mirgtants amd companies that want to come here and build hospitals that turn out to be the most expensive building in the world. Gas
The market needs a diversity of intention. For profit development with no alternatives will ruin individuals’ prospects and societal capacity for economic growth on the whole. Extortionate housing costs are hindering us from participating in the economy to the extent we want to. If for profit developers were forced to compete with high volumes of social housing aimed at the working and middle classes, they would be forced to get competitive on prices. The sheer dearth in supply will prevent the bubble from popping. The central bank says we need 52,000 housing units yearly from now until 2050 to meet demand. That’s 1,300,000 housing units. As of the 2022 census, Dublin had a total of 242,000 housing units, meaning we need to build a total of 5 Dublin cities between now and 2050 to meet demand. A private market led for-profit approach simply will not work. This isn’t just houses we need. It’s water infrastructure, energy generation, schools, hospitals, parks, commercial space, transport infrastructure, etc etc. Projects like CityEdge have been criticised by European planners for seemingly taking a private sector led approach where by the government refrains from initiating the initial investment needed into the redevelopment, waiting instead for the private sector to get it started before committing public financing to things like the north/south orbital luas line and the Heuston to Lucan luas extension. If we are to tackle this a public housing body with the ability to develop projects from project research to turnkey is critical. Towns need to be chosen to be developed into cities. Public transport networks need to be extended into greenfield sites and high density mixed use Transport Orientated Developments need developing. It cannot be the case that 10s of Kms of housing estates void of local economic activity sprout radially from urban centres. Yap yap yap I could go on and on. Central government are ideologically opposed to solving this issue.
I guess we have to learn the hard way money cannot be how we value and determine our way of life. Especially when the less you care the more you can make in many cases
Just this week over 570 homes and apartments in dundrum south dublin were rejected by planning autority an bord pleauneula and local people and local councilors im saying it again planning autorities like an bord pleauneala dublin city council local councillors and people are constantly objecting to homes being built and stopping developers from buulding homes im tierd of saying this and local niymbuysium🤔🙄
Guy's save your butt off buy a site anywhere, e.g. Mayo, 30,000 unoccupied houses in Mayo with Grant's to restore of E75,K. But put something down NOW for your retirement. Or just plain move. Mayo is devoid of all trades. Take the chance and to hell with the East Coast.
People seem to be happy with the state of the housing situation they voted for FF and FG and expect change. We will be here in 5 years time and numbers will definitely be higher more people homeless and house prices unattainable. We learned absolutely nothing from the last crash and seem to be in a worse situation know. If we start seeing job losses in this country people are in even more debt than last time it's a recipe for trouble.
Vote the same old ,Get the same old. They all got there seats back.suffer so🤔🤔 No sympathy anymore. Thickness of the highest I bet the same ppl voting for these fools, are the same ppl dropping there kids to the airport to emigrate 🫡🫡
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All controlled by greedy landlord TDs. Nearly all tds own and rent multiple properties. Robert troy in Westmeath has about 13 properties,wasn't he forced to step down as a minister for not declaring how many properties he owned. And the Healey rays must own half of the properties in Kerry.
The Coveneys own Half of Cork
@nojabhere shocking and these are the people who set extortionate rates of rent which leaves property unaffordable for ordinary decent people.
The citizens of Ireland are the real problem - if they had sense, they'd be taking to the streets to protest, en masse. Instead, they keep voting for politicians who couldn't run a bath, let alone the country.
Greed is an evil,
Thanks Peter
Amazing how ireland had the highest home ownership in Europe till recent times,explains why we've been hit so hard
Ires rei
@annedonnellan6876 ??
@@annedonnellan6876 ??
⚠️THE REGIME MUST GO ⚠️
We had elections a few weeks ago and the Irish people seem happy to keep the curruption going Michael Lowry is a convicted criminal who will be in the next government
The country just voted them back in, Roderic O'Gorman, Helen McEntee, Micheal Martin and all!
@patricksweeney5132 I truly believe voting is only to pacify the weak and docile. I know no one who voted for these cancerous parasites.
Well the dumb irish voters just gave them another 5 years😂😂
Buckle up cos it's gonna be nasty
Thanks Peter ...you have genuine concern for things ..wish You well !
It's all down to corruption, and greed" and planning permission. Who gets it who dose not,, you cand put a logg cabin on your own land but you can build 100 hundred apartments at the dro of an envelope!
This housing bubble will all end in tears again like 2008 and this time will be much worse than the last. The Government have learnt absolutely nothing from the last crash, absolutely astonishing.
The government get voted in by the populace. We deserve this as a people.
@Jonathan-yd8ud The Government parties have voluntary membership machine to push their agenda on a run up to elections and of course people of lesser intellect "who have always voted FF/FG". These cretins are to blame for the return of the nightmare.
It won't affect them anyway. They have their nice cushy jobs and plenty on the side too (jobs and other financial benefits).
@@gaiaiulia plus 75 % of TDs are property landlords. Obviously this has nothing to do with them inviting in the vultures back in 2010 to reinflate the property market and throw the ordinary Joe's under the Bus. Perish the thought it was totally to save the country.
Last bubble was speculation and banks lending for fun. This time it’s all supply and demand. It won’t crash anytime soon. We’re not building enough house and won’t. Prices will just rise and rise
Good man Peter keep up the good work , ,, ,the agenda is rent instead of owning properties for the working class which is why we have apartments being built instead of houses
,
A kip for half a million. Lovely.
What happened to all the ghost estates from the crash of 2008 ? There were new and half built houses all over the place. If you were a home owner you couldn’t get rid of your house. Its value FELL and nobody was buying
I also wonder about this. Why aren’t those houses being used for the homeless and legitimate refugees? Or being finished and sold at reasonable prices to those priced out of the current housing market. It makes no sense. Although nothing much does make sense these days.
@@leinster22 all taken over by banks or property developers since then I would say.
@@martymartin2894something like that. not many I can think of locally but there are 3 right on the edge of town here, could make a couple 100k easily if finished and sold but they're abandoned since then
Many were bull dozed
@@genevievedolan1288 I live in rural Ireland in between two towns were there were 4 estates with nothing down between 2008 and 2015 but now they have all been finished , over 80 houses in total , very few estates were bull dozed down but are still a few estates not complete yet in rural Ireland
Great insight again Peter to what's really going on 🤬🤬. Thank you 👏👏. !!! Herb ☘️🇮🇪🙏
Moving to France .....just bought a 3bed (90m2..1963built) for 100k....30min walk to Centre Ville...5min walk and I'm in country lanes....my mate (1st kid on the way) & wife are 4min walk, so I won't be lonely or bored (Im expected to be an "uncle"...I'll teach the kid HURLING!!!!) Great move........
Greed Corruption Sleezy TDS. More to the big Corporates. I'm alright Jack sod all the rest of you working class. Keep up the good work thanks for all you do. Irish people need to cop on and no violent demonstration only peaceful ones. GOD bless Ireland and the Irish people 🙏 🙌 ❤️ ♥️ 😀
@@lucywoodhouse3674 The Light of Heaven to You too ! 🙂
Sounds like a plan what are buy transaction costs. Taxes like
Good move , good luck. Irelands a dump ,don't blame you for getting out.
@@gerrybyrne5636 Merci. Signed last night and got the keys. Beautiful sunny day this morning as I finally moved in. Lots of problems here too (I'm not too naive) but as it's not my home country, we can trace back hundreds of years to the same farm...even 1000s to the Gaelic clans as we all do, I do not feel hurt and let down, unlike Ireland, where I see the destruction by the lefties.
If you take out migration legal or illegal property is overvalued about 25/35 percent
Remember the government want to keep this going because when the crash does
come heaven forbid the Irish
Estate agents are lowest of the lowl but they pay the medias wages .
estate agent also add very little value, they rarely do their home work and it is not uncommon that they do not know what they sell.
@732daven to be honest you should say what Billy Connolly has to say about them.
When you have housing programs advertised during children's TV time
Your living in a shit hole country
Simple
The travesty is the plantations of small town across Ireland.
What you say is true. However, no gravy train runs for ever. The recession will hit instantly and without warning. This is the way of the world.
Then we will be left with tonnes of angry guests looking to blame someone for their poverty. I guess that's the plan. U. K is falling economically right now.
@MaryCummings-s9e agree
Thanks Peter
Its the start of hyperinflation
Yep and wait and see it soon. Get out of cash . You will own nothing and be happy
There is a factor other than supply and speculation. There is the contrived shortage of existing housing stock on the market. Lest we forget, existing housing stock is 99% of all houses. The government is trying to keep those houses off the market. That is why people can default on their mortgages for years on end without being foreclosed upon. They pass laws to stiffle repossession by the banks (which we are reluctant shareholders of) and they rescue the banks with our money when they fail. So what we need is the kind of upset Trump and BRICS promise. With Trump justs days away from the white house, there are grounds for optimism.
Brilliant video , just got a house 1 1/2 years ago at 39 , house needed major work and estate agent still wated more than asking price surely the government should be able to cap on second hand prices the condition there in
Vote FFG for the history of the state = cause and effect
When you have extreme shortages of housing,house prices will keep going up😏
In the 70s there were long queues to rent a flat so not much has changed only got Worse financially etc
I don't know if our definitions of "very rich" are the same - but yes, the people that benefit are anyone rich enough to not be in negative equity at the bottom of crash, that can capitalize in any rallies in asset prices by already owning them, buying at the bottom etc
Too many vacant houses in Ireland but the problem is it would be cheaper to knock down an old house in Ireland and build a new one than renovate an old house , the grants are a help but the cost of labour and materials now is insane and too much red tape involved in these projects
One thing I always find amusing, in a tragic way, is that people across the nation will rightfully speak of the housing issue in Ireland and how difficult it is for people to buy a home in Ireland as a first time buyer. It is referred to as a crisis.
This crisis is constantly referred to, but a crisis that is recognised but gets no remedial action is merely lip service.
This is when house prices see annual increases of more than 5%. In many cases, it's over 10% per annum.
Compare that to when oil prices, specifically prices to fill up a car tank, increases. It's temporary yet is treated like an immediate problem to rectify. When oil prices hit $100 a barrel the government put immediate relief on petrol pump prices even though is was a tiny nominal increase relative to house price growth. Funny how people acknowledge a problem but ultimately don't care.
What is the average price of an apartment in Dublin?
It's all about optics.
The only people who can afford house prices in Dublin are the super rich and unvetted migrants who get them for free
It would be tragic if we hadn't voted these clowns back in. Now it's just comic.
It's not profit is it, it's debt, debt for our children
In 2008 there were two solutions to the great financial crash. Allow everything to go bankrupt or inflate the debt away. They chose the latter and all central banks started QE i.e increasing the money supply. The dilution of currencies has been approximaty 7 to 8 percent per annum. Add to this baseline inflation of 3 to 4 percent and you get the real annual inflation.
Wages are linked to GDP and have only been increasing at 3 to 4 percent.
The only thing that has kept pace with currency devaluation and inflation are assets i.e property, stocks, commodities.
There is nothing governments can do to stop asset price inflation. In every country house prices have escalated.
Combine this with the increase in population in Ireland of over a half a million and the demand for houses skyrockets.
Supply on the other hand has been on a downward spiral. A 50 percent reduction in 2nd hand homes in the past ten years.
Do what it takes to get on the property ladder. The money printing will continue for a long time yet.
You need to hold assets or you will be left behind.
You may not agree with this but unfortunately this is they way things are.
Over 750 people and an bord pleauneaula stopped over 570 homes and apartments from being built in dundrum south dublin again and again and again this happens through out ireland how can homes be built with everyone constantly objecting to them from being built so how are developers ever going to build homes with this epidemic of objecting time and time again and then they cry about a houseing crisis🤔🙄
Build to rent... the best way to keep the proletariat in chains
Remember 2008 property crash it will happen again
Good reporting. Savage news
Quantative easing benefits the rich.
English Speaking Consumer Economies All Have An accommodation Crisis
Although the accommodation crisis in Ireland is particularly bad.
Obviously there will be a crash but when .
Houses were built for British soldiers
I recently bought a house in Ireland, working class and saved for 10 years with my fiancee, we bought in meath , but tbh I think Ireland is doomed and as an irish man i can honestly say that i will not be here in 10 years , the cost of living and greed in this country has gone to far and yet at the dame time the stupid government seems to give our tax money away without a second thought to unvetted mirgtants amd companies that want to come here and build hospitals that turn out to be the most expensive building in the world. Gas
The market needs a diversity of intention. For profit development with no alternatives will ruin individuals’ prospects and societal capacity for economic growth on the whole. Extortionate housing costs are hindering us from participating in the economy to the extent we want to. If for profit developers were forced to compete with high volumes of social housing aimed at the working and middle classes, they would be forced to get competitive on prices.
The sheer dearth in supply will prevent the bubble from popping. The central bank says we need 52,000 housing units yearly from now until 2050 to meet demand. That’s 1,300,000 housing units. As of the 2022 census, Dublin had a total of 242,000 housing units, meaning we need to build a total of 5 Dublin cities between now and 2050 to meet demand.
A private market led for-profit approach simply will not work. This isn’t just houses we need. It’s water infrastructure, energy generation, schools, hospitals, parks, commercial space, transport infrastructure, etc etc.
Projects like CityEdge have been criticised by European planners for seemingly taking a private sector led approach where by the government refrains from initiating the initial investment needed into the redevelopment, waiting instead for the private sector to get it started before committing public financing to things like the north/south orbital luas line and the Heuston to Lucan luas extension.
If we are to tackle this a public housing body with the ability to develop projects from project research to turnkey is critical. Towns need to be chosen to be developed into cities. Public transport networks need to be extended into greenfield sites and high density mixed use Transport Orientated Developments need developing. It cannot be the case that 10s of Kms of housing estates void of local economic activity sprout radially from urban centres. Yap yap yap I could go on and on. Central government are ideologically opposed to solving this issue.
I guess we have to learn the hard way money cannot be how we value and determine our way of life. Especially when the less you care the more you can make in many cases
Looking to move to either Portugal or Thailand. No future for the working man.
Good move to either place. Don't look back.
Just this week over 570 homes and apartments in dundrum south dublin were rejected by planning autority an bord pleauneula and local people and local councilors im saying it again planning autorities like an bord pleauneala dublin city council local councillors and people are constantly objecting to homes being built and stopping developers from buulding homes im tierd of saying this and local niymbuysium🤔🙄
That bad i just don't know only it will finnish bad
Guy's save your butt off buy a site anywhere, e.g. Mayo, 30,000 unoccupied houses in Mayo with Grant's to restore of E75,K. But put something down NOW for your retirement. Or just plain move. Mayo is devoid of all trades. Take the chance and to hell with the East Coast.
People have an extremely short memory!! Major crash coming this year!! Nobody not even the wealthy can afford now 😒
Irish water only have infrastructure to facilitate another 36k house.
People seem to be happy with the state of the housing situation they voted for FF and FG and expect change. We will be here in 5 years time and numbers will definitely be higher more people homeless and house prices unattainable. We learned absolutely nothing from the last crash and seem to be in a worse situation know. If we start seeing job losses in this country people are in even more debt than last time it's a recipe for trouble.
Vote the same old ,Get the same old. They all got there seats back.suffer so🤔🤔
No sympathy anymore. Thickness of the highest
I bet the same ppl voting for these fools, are the same ppl dropping there kids to the airport to emigrate 🫡🫡
Vote early vote often 😂😂😂
I forgot we had our democracy day.
Now shut up & get back to work.
I dont think they hit a target on anything peter
Its everone for themselves.
It won't last
Hello peter
Peter our young people don’t stand a chance don’t know how this government got back in power we need Elon and trump to sort this out
😂😂😂
Plan B (BITCOIN).