Is the government honouring its housing policy?

The government does actually have a housing policy. I don’t know how many people have read this document, but it is pretty interesting. … 867,en.pdf

Two particular extracts

What’s interesting to me is that the policy is actually very good. Reading this you’d be heartened to think that an intelligent and forward looking government was in charge.

The document

  1. recognises that the bubble was a bubble, and that we have to find a better way
  2. states that the paradigm with home ownership as the ultimate goal for every citizen needs to change
  3. recognises that people should be able to rent in a stable environment as an affordable long term option
  4. pledges to deal with lending policy, planning and other areas to ensure that the bubble doesn’t happen again

In the real world, we have rents in central Dublin back up to bubble levels; tax relief has been introduced to stimulate home purchase; no rules have been put in place to control lending; home owners are protected in their ‘family homes’ but renters are not. Everywhere you look the ‘high prices good, low prices bad’ mindset goes unchallenged.

It’s as if the government knows the right thing to do, but doesn’t have the courage to do it.

would the electorate let them do the right thing ?

Don’t forget the rent tax credit that continues to be phased out. If they were interested in looking after renters they might have considered reversing this to begin with.

Rents in central Dublin are approx 30% below peak Celtic Tiger levels.

It is truly amazing how quick the move from “rents aren’t increasing” to “we are back at bubble levels” happened.

30% below Tiger levels is still way too high. Its Dublin, a provincial city (with a small population) which is not a renowned centre for anything except stag nights.

Not based on net incomes

yes but that is part of the problem. accommodation costs are driving salaries and as the government are paying either directly or indirectly many of these high salaries, we are borrowing money to pay for them?

so we need to reduce the cost of accommodation here, reduce salaries, and stop borrowing to pay for it all.

you are also forgetting that the government is artificially propping up the price of accommodation here by paying 900 a month on behalf of all those on rent allowance

the question to ask is not - how much can i possibly charge BUT

how little can we reduce this to. our lives would all be better if we all started thinking like this.

you are in a different mindset FKALL, this is your livelihood, and you are in the top of the market.

but accommodation should not be an investment strategy. it is a fundamental basic human right to have somewhere stable and permanent to live.

so this issue is bigger than you and your houses for rent? its about a policy for the future and for the good of future generations.

the people need to be re-educated.

Anecodotal I know, but the discussion on Barrow Street suggest that rents in some areas are back to peak levels, or at least close to them viewtopic.php?p=657769#p657769

I thought all of your bullishness was suggesting that prices had increased by 25% - surely that brings them close to peak levels?

The point is not to argue over details, the point is that the government have people that understand the problem and have policies in place that should direct their actions, but they are following contrary policies.

Whether we’ve reached CT levels or not, we are certainly seeing rising rents in parts of the city, which should be contrary to the policy of the government of the day. Not only are they not doing anything to address this problem, they are apparently happy to let it happen.

You are making assumptions about my dependence on the rental market for an income. I have a full time job which pays more than enough to covers all my living expenses and save a few €s each month.

Regardless being a Landlord is an investment decision. Accommodation is provided in exchange for rent.

I also agree basic accommodation is a human right which in a modern democracy should be provided by the state where the individual is unable to provide it for himself.

The state has been outsourcing this duty to the private rental sector in recent years (because it is cheaper to do so than provide it themselves).

Central Dublin is a lot bigger than D4 where rents have recovered somewhat but are still below peak levels.

Government policy has successfully reduced rents in the outer suburbs (Finglas, Clondalkin, etc) through the reduction in RA.

Rents in other (central) areas have increased because demand has increased. Tenants always have the option to move further out from the city.

So are rents back at peak levels yet?

Have the government done anything to live up to the high ideals they set out in the 2011 document?

They have had 3 years, seems to me they’ve been busy repeating the mistakes of the past and have ignored completely the housing policy. In fact it looks like Michael Noonan has been in charge of housing policy, it’s been seen as a function of the Dept of Finance to extract maximum cash from the taxpayer rather than as a necessary part of society to be planned for carefully for the good of all citizens.

Anyone got a link to the policy documents regarding the housing policy of the (domestic) permanent government? :nin

The trans national permanent government is well documented. 8DD :sick:

Indeed, if I may summarise your sentiments thus.

We should not plan society but plan for society.

To conclude, successive governments have and continue to pursue policies of inducing a terminally high cost of living to solve the problem of a terminally high cost of living.

Have fun-84 pages full of the usual aspirational waffle … 979,en.pdf