No. If anything they will make it worse.

400,000 House will be 120,00 by Oct 2023

@@briankean7153 I hope you are correct.

Never .. Refugees are coming in to fast ., No skills set .. Our best are leaving Ireland. The government wants us to own nothing and be happy ..

Not if the real issues aren't addressed and it doesn't look like that's going to happen anytime soon

Absolutely agree John

I know some people who works in module homes and they said Ukrainians getting them!!

Very true. We built more houses every single year in the 50's than we have between 2015 and now. Building regulations could be relaxed for vacant properties to the regs at time of building, or a minimum of 80s say. It would drastically reduce the cost and the dwelling would be perfectly habitable. It has to be better than people being homeless and living in tents.

Thanks for the sub - it’s terrible that you were not warned in advance!

This is by far the most expensive place I have lived with the least amount of returns for taxes and fees outside the US of course. But Ireland is America light. And if you look the US is rapidly imploding

there are always schemes to avoid that tax. Nothing will work except just building more houses

If a person wants to leave his house vacant that's his business and nobody else's. Nobody should be made the scapegoat for the government's incompetence in failing to build sufficient housing.

Happy to help with the explanation 🙏🏼

Super insightful comment Tom, I will be doing another video on this very soon. Gavin

If you look at the situation and conditions created, the government only really sells large tracts of public land to large scale developers of which there is a preferred insider group of less than 5, who then boast that “land is cheap”. Meanwhile, individual families and smaller developers have no access to affordable tracts of land, therefore a competitive industry of house building does not develop. Bringing smaller tracts of public land to auction, whereby 1-50 houses could be developed by smaller developers would bring house prices down in a sustainable manner

Ye give more control to government, that's the solution 👍 this is by design. You will own nothing and be happy . This is why all the properties built up to now are bought by corporations such as black Rock vanguard etc. All rental. This is why government are trying to offer share housing like hostels, communal living and kitchen spaces. Because that's the plan for smart cities , while your out others are using your living space for buisness meetings etc, it's all in THE WORLD ECONOMIC FORUM website. But you're all going to tell me that's a conspiracy theory , without ever searching the website to see if it's true or not. Well it's true it's happening, and we're all heading for more lockdowns this year also, with the new " varients" coming from China, then the new SEERS VIRUS will hit targeting children this time. But again I'm crazy conspiracy guy aren't I. In October 2019 they held event 201 a coromavirus simulation and October 2022 they held another simulation for Seers , so what do ye think is coming our way. Ye government is the solution. Government sold us out long ago .

Exactly. Yes men to their EU Overlords. Pathetic so called Government here in Eire. We must depart the awful EU.

Greed? What do you mean? Should the property developers constructor property at a loss?

greed is a human nature on which capitalism is built on, and it works just fine

All by design just how long is this going on FF FG SF Greens plebs before profit all the same useless parasites

The government could auction public land locally which is a far better and fairer idea

@@user-bj4ny8bt6l could but won't

No developer wants to hold on. They operate on turnover not investing. It is a myth that that they hold land, there's more money in building. The problem is 3 out of 4 sites we try to get planning permission get rejected, often after 2 years and £250k in costs in each. Often now it is the environment resistance on top of local residents who just don't want more houses near them.

agree on all points - development can be a struggle

FF/FG are already in the firing line over the housing crisis so this situation hardly benefits them at all - problem is no political party could solve the situation inside of the election cycle so its a very tough nut to crack

So awful to hear this

​@@BehindTheFacadeand they claim the 200k migrants they bused in aren't contributing to the crisis. Irish are now second class citizens in their own country.

The only things you can do change your nationality to Ukrainian maybe then you’re gonna get help!! I’m not even joking

Yep 🤦🏻‍♂️

thanks Laurence - will get to work on a video covering that topic

I stand corrected 👍🏼

Every day's a school day!

Thanks

many thanks Robert

Good plan, introducing a modest amount of leverage will speed up that process, then pay down the debt as fast as possible

@@BehindTheFacade Yeah for sure... I saw some stories of people getting 10 plus rental properties all with leverage, none paid down with cash I would never do that ha... Thanks again for the great content

@@henwen6080 thanks again - yes for sure you can overdo the leverage and drive your portfolio into the ground but the best returns tend to come from a reasonable level that ensures your cashflow does not turn negative as rates rise - but finding the balance can be tough.

@@GavinJGallagher Thanks for that... Yeah I want to acquire 3 with cash then me and my families future would be secure, anything plus that is a bonus, but I also hope to start a martial arts gym with my friend, hopefully we can get a fair deal with cash, if it doesnt work out we can sell the unit. I wont do the mad stuff some people do though, being over leveraged... I saw some FG politician who owns 8 places probably good ones too, and most of the politicians are landlords, so that kind of inspired me... Hope to watch more of your content keep it going

The average price of a house in nearly 300k .. Good luck saving that Never mind 3 times that . I don’t know what bus you are in ? If you have a company .. save within the company.. You won’t have any cash flow problems then or chasing people for rent .. save and after 5 years as a company you can liquidate the company and only pay 10% in tax Maximum 1 million and you can only do this once .. hassle free way .. housing investment in Ireland has way too many taxes and risks .. my advice stay away

Yep

Absolutely

Good suggestion, I have looked at doing this before myself. One of the issues is the different fire safety regs between office and residential - widths of fire stairs for capacity can mean the building is unable to be converted economically but it’s definitely a source of potential accommodation like you say

Absolutely correct 👍🏼

Great question Tom, there are a few REITs operating in the Irish market and there are pros and cons to using them as an alternative. They are professionally managed which is good but they can be a lot more volatile in terms of price fluctuations so you need to review the price history to see if you’re getting in at the top of the bottom - increasing rates are likely to have pushed the values down over the last few years

The ECB has to be careful about the rates because Italy and Spain are massively over burdened with debt so any big increases like the ones seen in the US could potentially push either of those countries into default and then the EU would have a major issue - the same thing happened to Greece but it was only about one tenth the size of Italy’s economy and one seventh the size of Spain’s economy. You can imagine the trouble that would cause

@@BehindTheFacade In that case, it sounds like saving money in Dollars is the smarter move. I can't see the ECB risking the return of the PIGS. One solution I see is splitting the Eurozone in two, between northern and southern countries, but I can't see that happen any time soon because it isn't politically palatable .

@@SK-yb7bx a split could cause the whole eurozone to unravel - one only has to look at the train wreck that Brexit caused and think about negotiations like this playing out in multiple jurisdictions. You are right to say it isn't politically palatable, it would play into the hands of the populists and we would have Trump and Bolsonaro like figures popping up suggesting we look after "our people" first - its actually starting to happen already because of the refugee situation - how the next 12-18 months plays out will be critical

@@BehindTheFacade Trump and Bolsonaro are only the beginning. As forced "multiculturalism" is foisted upon people against their will and standards of living continually fall, you are going to see more hardline nationalistic figures pushing their way into power. Look at how Hitler rose to power. The German economy collapsed and their currency was worth less than toilet paper. That's what happens when currencies are messed around with too much. Germany at least didn't outsource a great deal of their manufacturing base and replace their native population with people who were willing to undercut them for jobs back in the 1930s. Treating a country as an economic zone and ethnically replacing people in their homeland isn't all that appealing. Long term, it leads to disaster.

US housing market just posted a $2.3 trillion dollar fall in value. Won’t be doing as much there either - largest fall since 2008

Open your eyes!

@@BehindTheFacade CBDC is coming , brics nations are going to back there new currency with 40% gold . The west's CBDC will be a new dead fiat (backed by nothing only a promise) currency won't survive . You open your eyes 👀 and get your self some gold and dump your euros 💶. Idiot

@@BehindTheFacade the euro will only be good for burning 🔥 . Heating your hands . The only thing that will stop what I'm saying Is ww3 .

Move on