Grappling with the housing crisis: Fresh approaches needed


#825

I don’t think land banks are a big part of banks’ portfolios anymore, either explicitly or via lending secured on land.

Just checked. Lending for residential property development is only €2.3bn in March 2018. It was basically ten times that ten years ago.


#826

Sure. But somebody has it. And they might not ‘accept’ deep losses. :nin


#827

Actually, McCarthy did address servicing land and planning permission as well in his article. Zoning would obviously be just one element.


#828

Karl Deeter’s article in SBP today defending developers

“If anybody want to have a moan about developers, the first questions I ask the are: What have you done about housing? What risks have you take? And have you individually ever done a single thing other than moan or march to make a difference to housing. Nine times out of ten, the silence in reply is deafening”

:laughing:


#829

A more reasonable question is “have you ever objected to a housing development” or better still “have you written in support of a housing development that your selfish wanker neighbors objected to because of unfounded fears about overdevelopment or even valuations”


#830

Twenty years ago my parents and the residents’ association spent vast amounts of effort objecting to a new development over the back wall. It was infill development in an already-serviced area so, on objective criteria, made a lot of sense.

I think they got the density reduced a bit.

Now it’s built. Mainly blocked by trees. There is zero noise or disturbance of any sort. In fact a friend of mine even lives in there now.

You’d wonder why so much airtime is given over to people who simply want to stop the next generation from buying a place to live.


#831

Because the majority of adults (66%) own/mortgage their home and don’t want to see the value of their primary investment fall.
Hence object to everything that may affect same.


#832

And politicians who want to get re-elected serve that vested interest.


#833

M. Draghi admits there’s a problem but will we heed his warning?

irishtimes.com/business/eco … ssion=true

Odd that the IT print edition buries this story under a headline:
“Minister pledges to reduce tax burden”


#834

PHARMACIST
1/04/17 LRA
13
32,831 35,438 36,368 39,265 42,016
44,799 47,595 50,425 53,
271 56,171 59,122 62,130
63,338 LSI


#835

Ah come on, pull on the green jersey string fundamentals and all that :sick:


#836

So this is acceptance from Mario that the ECB is fuelling an Irish property bubble considering they are the ones slamming interest rates to the floor forcing investors into riskier assets.
Ireland needs to be ready to tell the ECB to get stuffed next time it pops.


#837

This story and Inchicore itself kind of sum up for me the development clusterfuck and the way things have ‘gone back to normal’ since the FG/Labour election in 2011.

A place like Inchicore with nothing much in it, in the midst of a housing crisis, so close to the centre of the most expensive city in the Eurozone.

The current mantra of houses, houses, houses is as bad as it was in the 2000s when massive estates would spring up in Lucan or Firhouse, and little or nothing around them initially at least, in terms of local shopping, entertainment, cultural or sporting facilities. Hell maybe even transport would be an afterthought so long as you got the housing knocked up, and development levies and VAT flowed in.

Like the 2000s you don’t need to be a PHD in spatial strategy to understand what is wrong here. The likes of the fella down at the football club could see it then, and can see it now. What is actually going on in Ireland with all these houses everywhere, and not much else going on? The only game in town.

You fail to build a modest 12,000 seater football stadium on an existing site, to develop community and grass roots sport, and then moan every two years that the football team aren’t as good as Croatia, or such and such failed to medal in the Olympics.

Fine Gael and their ragtag of various hangers on. A lot done more to do

rte.ie/sport/soccer/2018/0722/980326-st-pats-appeal-cool-heads-after-stadium-setback/


#838

Dublin is already littered with large patches of grass used for field sports.


#839

We want homelessness and a housing crisis
[ - OLIVER CALLAN**It’s Murphy’s flaw… but we’re also to blame for the housing crises* * (https://www.thesun.ie/news/2911478/its-murphys-flaw-but-were-also-to-blame-for-the-housing-crises/)


#840

Media headline that appeals to a target market - but hey let’s encourage Murphy to throw tax payer money at a symptom rather than the underlying problem.


#841

The latest ‘outrage’ story in the media…now also getting the full shabang on the Joe Duffy show

They had nowhere to go’: Mother and six children spend night on chairs at gardai station
irishtimes.com/news/ireland … -1.3590748


#842

Refugee family reunification putting ‘pressure’ on homeless system
Asylum-seekers losing their accommodation after bringing relatives into Ireland, official says
irishtimes.com/news/social- … 3?mode=amp


#843

New Zealand slaps ban on foreigners buying property
FOREIGNERS face a ban on buying homes in New Zealand after a spending splurge by millionaires seeking doomsday bolt-holes crowded out local buyers and pushed up property prices.
perthnow.com.au/business/property/new-zealand-slaps-ban-on-foreigners-buying-property-ng-b88925433z.amp


#844

Hard to cope with a housing crisis when literally anyone from the Eu or beyond can rack up and look for a house, very few questions asked

Half of families sleeping in Garda stations are Travellers or Romanian
irishtimes.com/news/social- … -1.3594025

12 of the 27 nationalities recorded were Romanian or non-EU…44%. How can you plan for that?