Grappling with the housing crisis: Fresh approaches needed

[Braighni]

Michael O’Flynn said that the Central Bank had over-corrected since the crash, now effectively punishing young families who should be the bedrock of Ireland’s recovering housing market. “The standard couple back in the 1970s could actually afford to buy a house. The standard couple today - and I use the expression ‘garda or nurse’ - are struggling to buy,” he said.

In the 70’s the council built the house, and gave you the mortgage to buy it.
The houses were also much smaller.

[Madness_of_Crowds]

who are struggling and who have a right to escape their miserable existences in the renal sector.

That’s taking the piss, surely?

[Open_Window]

In the 70’s the council built the house, and gave you the mortgage to buy it.
The houses were also much smaller.

I was told once by an architectural technician over a pint that council houses up north were bigger than normally expected, or at least some in Catholic areas were bigger and all down to intervention by John Hume.

I also happened to be in one once. A big family got a decent sized corner unit.

I know of no comparable council units of previous era and stock in the south.

Even a good deal of privately owned 4 bed houses would seem poky in comparison to these nordy council gaffs.

[TheJackal]

What was original NAMA finish date?
2018 ?

Is it still the case or they will remain ‘involved’ in keeping the price level for another 10 years?

Their FAQ states

How long will NAMA exist?

NAMA will be wound up when the Minister for Finance determines that its continued existence is no longer necessary. Staff employed by NAMA are on fixed purpose contracts which means that their contracts will be terminated when the Agency’s work is concluded.

Originally it was 2020. They changed it to 2018 as the economy picked up and they could profitably offload their portfolios quicker than expected.

All this social dividend talk, building homes, etc has left them in limbo imo and can’t see them gone by 2018 or even 2020

so as predicted, NAMA is seeking to continue on for a few more years

Nama makes €400m case for extending its lifetime