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Irish govt considers demolishing 000s of newly built houses

tara747
tara747 Posts: 10,238 Forumite
Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
in Debate House Prices & the Economy
If anyone wonders how bad it could get here...

http://www.independent.ie/breaking-news/national-news/ghost-estates-demolition-backed-2139749.html

oh and...

http://www.independent.ie/national-news/luxury-homes-for-836499950-as-receiver-orders-firesale-2138636.html
Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
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Comments

  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Tara, this is terrible....is there no need for social housing, or homless shelters or anything like that? it seems so...wasteful.
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    There are 300,000 empty houses in Ireland... population is c. 5m. Most of them will never be lived in.

    I agree with you though LIR, they should be taken over by the govt for social housing. They own them, after all, under the terms of NAMA. And yes, it is a shocking waste.
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • kennyboy66_2
    kennyboy66_2 Posts: 2,598 Forumite
    tara747 wrote: »
    There are 300,000 empty houses in Ireland... population is c. 5m. Most of them will never be lived in.

    I agree with you though LIR, they should be taken over by the govt for social housing. They own them, after all, under the terms of NAMA. And yes, it is a shocking waste.

    I am pretty sure it is 300,000 new build homes that are empty.
    US housing: it's not a bubble

     Moneyweek, December 2005
  • MRSTITTLEMOUSE
    MRSTITTLEMOUSE Posts: 8,547 Forumite
    Trouble is new builds just don't stand up to standards for social housing.
    We had flats,(sorry a luxury apartment complex) built here at the beginning of the recession and not one has been sold.
    It was expected the council may have took them over but no,it was in the local paper that they may have to be demolished as they were just not up to local council housing standard.
    Having once bought a new build myself I can understand that.
    Most are rubbish.
  • GDB2222
    GDB2222 Posts: 26,519 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    We used to love going to South-West Ireland for our hols, but we've stopped going for a number of reasons. The main one is that it's become incredibly commercialised. Every little cafe is apparently now a gourmet restaurant and charging mega prices. Then, they've spoiled the lovely landscape by building ugly, shoddy homes all over the place that they then tried to sell to tourists at totally ridiculous prices. The exchange rate doesn't help, either, so I assume that tourism is well down.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    lostinrates wrote: »
    Tara, this is terrible....is there no need for social housing, or homless shelters or anything like that? it seems so...wasteful.

    Can't vouch for its accuracy as its not a site I'm familiar with, but there is an interesting table here:

    http://irelandafternama.files.wordpress.com/2010/01/housing-model2.jpg
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Degenerate
    Degenerate Posts: 2,166 Forumite
    It doesn't look so bad when you look at what the guy said:

    "I have no doubt that some loans that will come into the possession of the Nama will result in the demolition of badly designed buildings in inappropriate locations,"
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    vivatifosi wrote: »
    Can't vouch for its accuracy as its not a site I'm familiar with, but there is an interesting table here:

    http://irelandafternama.files.wordpress.com/2010/01/housing-model2.jpg


    Um....could you explain it a little to me :o:o:o:o
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    lostinrates wrote: »
    Um....could you explain it a little to me :o:o:o:o

    In a nutshell, the oversupply isn't in pockets, its almost everywhere and its massive. Which makes you wonder why they were all built.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    vivatifosi wrote: »
    In a nutshell, the oversupply isn't in pockets, its almost everywhere and its massive. Which makes you wonder why they were all built.

    Well, if I were them I would announce that every english or irish speaking immigrant with 100,000 savings or a job offer can come to ireland, and have the houses at cost price, and Irish citizenship (and therefore european citizenship) after they had worked for 7 years. Offer it to europe first. Then the world.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
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