Bubble Radio / TV: Give advance notice here!!!


#11874

Hi all,

Not sure if this has been posted already.

Oh my, the mind boggles. And she gets front and centre on Claire Byrne tonight. Seriously where is the balance.

Refreshing to hear Niall Boylan, asking some questions, nor even tough ones. I fear for our future in this country when this woman is seen as a voice for homelessness!

m.facebook.com/story.php?story_ … ie%2F&_rdr


#11875

After a free gaff and endless subsidisation to have as many children as you want the level of sheer stupidity, entitlement and arrogance in that clip is appalling. This country is fcuked.


#11876

https://pbs.twimg.com/media/Do0FYI5XoAAkk8h?format=jpg

This fecker had the nerve to claim the gubberment are robbin de peeple


#11877

The Indo has a European scoop. Interest rates will stay low next year!

Why? Because the writer figures that the lower growth rate means, well, the ECB won’t do what they said they’ll do.

independent.ie/business/bre … 77298.html

Pity he couldn’t find any sources to back up his scoop. Maybe he should read what Mario Draghi said about this.
bloomberg.com/news/articles … th-wobbles

The real story is that Irish borrowers are waking up to the prospect of higher, or even normal :sick: , interest rates and the Indo hopes to distract them.


#11878

The History Show on RTE this evening discussed the history of housing in Ireland, mainly Dublin.

rte.ie/radio1/the-history-show/
Three academics - Frank Quinn (on his study of Georgian Dublin with Karl Deeter), Ruth McManus and Joseph Brady, who wrote a book on “Dublin, 1930–1950”. Neil Blaney is held responsible for Ballymun [because it proved a failure and he can’t defend himself. If it had been a success, everyone in Dublin Corpo would be claiming credit :angry: ]

tara.tcd.ie/bitstream/handle … sAllowed=y
fourcourtspress.ie/books/201 … dern-city/


#11879

Ruth Coppinger is interviewed on Oksana Boyko’s RT (formerly Russia Today) program this week. All the expected leftie shite from Coppinger, about how de wurkers should take ownership of corporations. Also how Apple’s billions in back tax should be spent on social housing. She touched a nerve when she mentioned income disparity in Russia, which caused the hyper-nationalist Boyko to leap to Russia’s defence, citing equal opportunities in sport as a counterexample :open_mouth: :question: . Funny that, as Boyko herself tweeted a ‘riveting [Russian only] interview on wealth inequality as inhibitor of economic growth in Russia’ just a fortnight ago.


#11880

Land of Hope & Homeless, Wednesday 21:35 RTÉ One
RTÉ Investigates special documentary examines Ireland’s housing crisis,
how residential land is not being developed anywhere near the scale required and how the government is failing to deliver on its Rebuilding Ireland programme.


#11881

Developer Michael O’Flynn made a surprise appearance on RTE Radio The LateDebate on Thursday
Basically saying that house prices would remain high due to input costs controlled by the state: planning, vat, levies, regulations etc


#11882

How well did it work when regulations were outsourced to you chaps the last time eh Michael?


#11883

@yoganmahew
He’s talking about input costs (not that there should be no regulations).

imho, it’s a fair point.


#11884

Leo Varadkar on LateLate tonight Rte1


#11885

It’s a fair point in terms of explaining cost, but the siren call of the right is to reduce those costs by reducing regulation. I’m not entirely sure what the costs of one-off housing levies have to do with large scale development (your link)?


#11886

@yoganmahew
The topic was input costs in housing in general.
Not specifically large scale or one-offs.
The example I posted was addressed to the general point of input costs, and their affect on the prices of houses.

I can not hear this siren call of the right that you are describing. When did you first notice you could hear it?


#11887

Aug 19 2011…


#11888

@yoganmahew
:slight_smile:

Hopefully this won’t sound like another siren call of the right, but…

IMHO, if the private sector can’t build homes at reasonable cost, and the state is intervening to build/fund property development on a large scale, then something is seriously out of kilter, since all public works mean taxes. (Giving with one hand in the short term, taking with the other in the long term.)


#11889

I agree with you entirely. But ZIRP means that housing costs are wildly out of kilter with production costs and production costs. The collapse of the major developers in the crash has resulted in a much smaller number of players (as well as a collapse in building where people actually want to live - the major urban areas where the jobs are), but, and there’s a big but, the failure of government (largely though bustness too) to build social housing has also resulted in a huge deficit in social housing.

Surely you agree that social housing should be the purview of government, whether national or local? Following the English example of selling off existing social housing stock exacerbates this situation. Shelter is a basic right and the governments (national and local) should provide both direct shelter provision and the means for private shelter provision. Cheap and plentiful housing is a good thing.


#11890

True in principle, but as you said they sold off their social housing stock.
(IMO for the sake of social cohesion and financial stability, the state should in the future be required to maintain a minimum fixed % of the total housing stock.)


#11891

ZIRP lowers the price of the future. This should make it more attractive to invest than to consume.

So all else equal this should mean more housing than was being cranked out in Ireland than in 2006 when ECB rates were around 4%.

This is not happeneing so obviously something else in the system is broken.

PS: low interest rates have failed to stimulate housing output all over the US and Europe, maybe only with the exception of Germany.


#11892

Well, in most countries, construction is counted as consumption, buying and selling as investment (at least in the minds of the participants). So ZIRP has encouraged levereaged asset hoarding and rent seeking. Which really shouldn’t surprise economists, but once again they’re caught flat-footed, it appears.


#11893

Construction is counted always and everywhere as investment, not consumption.

It’s the production of something that becomes an asset, not the production of something that gets used up. It’s really simple.