Engineering negative equity does not seem like a smart move, and I expect a statement to say they are targeting building social housing at that price. The pain of the last crash is still present for many people, and they will not want to revisit those times again.
Strikes me that all price targeting for housing founders on a particular human motivation: ***we want house prices to be as low as possible when we buy, and high as possible when we sell*** - because a house is most people's principal asset. If people had a much broader range of asset classes to invest in, and house prices were nice and low, then it might be possible to think in these terms.
The reality is we need to build at scale: we should be planning for an all-island population of 9 to 10 million, and a population in Ireland of 7 - 8 million in the next decade or two. Statista, for example suggest 'The total population in Ireland was forecast to continuously increase between 2023 and 2028 by in total 0.3 million people (+5.71 percent). After the tenth consecutive increasing year, the total population is estimated to reach 5.58 million people and therefore a new peak in 2028.' That's shouting distance to 6 million in the not too distant future and still below the population in 1845.
And of course we're not building at scale because we impose problems on ourselves (NIMBYism being a particular one), and we are not really having a national debate on how to handle the future trajectory of what is now a very different country to even the 1990s or early 2000s.
Thanks Shane. All points well made. A debate on NIMBYism would be fun. It’s development in general, not just housing. Higher taxes, wind farms, roads - all fine so long as they are not near me.
I think the world is going through one of those periodic anti-intellectual phases whereby all of this is deemed to be the raving of pointy headed elites who just want to carve up the world for themselves. The baby is out with the bathwater because expertise and planning are just what globalists do.
I listened to the IT’s podcast with the Mary Lou. On the topic of a united ireland, she said there were matters far more important to the unification debate than flags, anthems, etc. such as,…… wait for it….. free healthcare at the point of delivery (just like the wonderful Northern Ireland NHS I presume).
Now, where have we seen before the muddling of a constitutional debate with promises on healthcare I wonder? Slogans on the side of buses springs to mind.
Should the penny drop on the realities of healthcare funding and healthcare performance, it’s more likely that the opposite will occur post unification, i.e. the HSE taking over the Northern Ireland NHS and start charging at the point of delivery. When this happens, I am sure Mary Lou will be the commander and chief of the “this isn’t the united ireland we voted for” brigade as she assumes victimhood in opposition once again.
I like it. Electing SF is Ireland’s equivalent of the Brexit referendum. And like the UK’s last 7 1/2 years since that vote, reality meeting fantasy will be a long and painful process.
Mary Lou playing the populist card as usual.Are we in a command economy now. Where does the system work? Maybe if she spent less time objecting to developments house prices would fall with increased supply.
I'm amazed Mary Lou was daft enough to put a specific figure on future house prices. The Shinners really have been rattled by the recent riots and a couple of mildly bad polls.
Donnelly implementing universal health care which of course be another bloated over budget mess. Health budget only continues getting bigger 23 billion now. Where does all this money go ? hiring more administration/ layers of management and yet no improvements. No minister of health wants to tackle this and only solution is throw more money at it.All fine as long as the corporations returns paying for this for now.
Engineering negative equity does not seem like a smart move, and I expect a statement to say they are targeting building social housing at that price. The pain of the last crash is still present for many people, and they will not want to revisit those times again.
Strikes me that all price targeting for housing founders on a particular human motivation: ***we want house prices to be as low as possible when we buy, and high as possible when we sell*** - because a house is most people's principal asset. If people had a much broader range of asset classes to invest in, and house prices were nice and low, then it might be possible to think in these terms.
The reality is we need to build at scale: we should be planning for an all-island population of 9 to 10 million, and a population in Ireland of 7 - 8 million in the next decade or two. Statista, for example suggest 'The total population in Ireland was forecast to continuously increase between 2023 and 2028 by in total 0.3 million people (+5.71 percent). After the tenth consecutive increasing year, the total population is estimated to reach 5.58 million people and therefore a new peak in 2028.' That's shouting distance to 6 million in the not too distant future and still below the population in 1845.
And of course we're not building at scale because we impose problems on ourselves (NIMBYism being a particular one), and we are not really having a national debate on how to handle the future trajectory of what is now a very different country to even the 1990s or early 2000s.
I've written at length before on NIMBYism (e.g.: https://brainpizza.substack.com/p/building-a-better-future-a-radical), so I should stop here...!
https://www.statista.com/statistics/376906/total-population-of-ireland/#:~:text=Total%20population%20of%20Ireland%202028&text=The%20total%20population%20in%20Ireland,a%20new%20peak%20in%202028.
Thanks Shane. All points well made. A debate on NIMBYism would be fun. It’s development in general, not just housing. Higher taxes, wind farms, roads - all fine so long as they are not near me.
I think the world is going through one of those periodic anti-intellectual phases whereby all of this is deemed to be the raving of pointy headed elites who just want to carve up the world for themselves. The baby is out with the bathwater because expertise and planning are just what globalists do.
I listened to the IT’s podcast with the Mary Lou. On the topic of a united ireland, she said there were matters far more important to the unification debate than flags, anthems, etc. such as,…… wait for it….. free healthcare at the point of delivery (just like the wonderful Northern Ireland NHS I presume).
Now, where have we seen before the muddling of a constitutional debate with promises on healthcare I wonder? Slogans on the side of buses springs to mind.
Should the penny drop on the realities of healthcare funding and healthcare performance, it’s more likely that the opposite will occur post unification, i.e. the HSE taking over the Northern Ireland NHS and start charging at the point of delivery. When this happens, I am sure Mary Lou will be the commander and chief of the “this isn’t the united ireland we voted for” brigade as she assumes victimhood in opposition once again.
I like it. Electing SF is Ireland’s equivalent of the Brexit referendum. And like the UK’s last 7 1/2 years since that vote, reality meeting fantasy will be a long and painful process.
Mary Lou playing the populist card as usual.Are we in a command economy now. Where does the system work? Maybe if she spent less time objecting to developments house prices would fall with increased supply.
I'm amazed Mary Lou was daft enough to put a specific figure on future house prices. The Shinners really have been rattled by the recent riots and a couple of mildly bad polls.
Donnelly implementing universal health care which of course be another bloated over budget mess. Health budget only continues getting bigger 23 billion now. Where does all this money go ? hiring more administration/ layers of management and yet no improvements. No minister of health wants to tackle this and only solution is throw more money at it.All fine as long as the corporations returns paying for this for now.