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Rents & the housing crisis. Stock markets in a different kind of crisis: strong signal that global recession is now the big worry for investors.
cjpeconomics.substack.com
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Jim's sound wasnt great on this podcast?
Surprisingly the exit of many occupants during COVID seems to have reversed quickly..imagine where we would be if covid didn't send folks back abroad.....
Hi Jim/Chris, interesting comments about Eoin o Broin,
With regard to raisng funds for housing, would it be necessary to raise taxes if we could spend the money allocated to housing better.
Some examples
Build to rent on state land (no sales unless it covers replacement)
Copy the Northern Ireland regulation compliance model which costs 1k per unit and is independent plus large developers subsidise small developers
Incorporate the cost of energy efficiency into a property tax that is set at the gains the energy efficiency deliverd over time so in effect its 0 cost to the user and removed from the cost of building
Just some suggestions, there are others.
Jim, you mentioned you were hopeful after said meeting. Could you share with us your reasons
Thanks, Tommy
Jim/Chris, hope you are both well. Interested to hear Jim's thoughts on Airbnb's role in the private landlords leaving the rental market? are they getting a better deal for short term letting? From number of airbnb's available on market compared to declining number of rentals it would suggest it may be linked? do you think govt action is necessary here?