We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Ireland to demolish brand new ‘unwanted’ homes
Comments
-
They have been called the 'ghost estates' of the Irish Republic - about 300,000 homes built in the frenzy of the property boom that no-one wants to live in now.
http://news.bbc.co.uk/1/hi/world/europe/8653238.stm"Do not regret growing older, it's a privilege denied to many"0 -
To add to the argument...
As I understand it, the houses to be bulldozed aren't 'perfectly good homes'. One of the many stupid moves the Irish goverment made wrt the construction industry was to allow them to self-regulate.
They took the building regs that the UK had and inserted the word 'should' for 'must'. So if a builder is told not that they must build to a certain standard, but that they should do so, what happens? Swathes of sub-standard housing. There were bribes given to various administrators to sign off on these substandard houses. Certificates were being sold on the black market. The whole system was rotten.
These substandard houses are not good enough for social housing - the council is not allowed to buy them legally as their houses must be of a certain build quality. They are not mortgageable any more - no bank wants a house that will need to be rebuilt in 20 years!
There is no option but to bulldoze them.Stercus accidit0 -
To add to the argument...
As I understand it, the houses to be bulldozed aren't 'perfectly good homes'. One of the many stupid moves the Irish goverment made wrt the construction industry was to allow them to self-regulate.
They took the building regs that the UK had and inserted the word 'should' for 'must'. So if a builder is told not that they must build to a certain standard, but that they should do so, what happens? Swathes of sub-standard housing. There were bribes given to various administrators to sign off on these substandard houses. Certificates were being sold on the black market. The whole system was rotten.
These substandard houses are not good enough for social housing - the council is not allowed to buy them legally as their houses must be of a certain build quality. They are not mortgageable any more - no bank wants a house that will need to be rebuilt in 20 years!
There is no option but to bulldoze them.
I'm seeing some Irish relatives in a few weeks, I look forward to getting an update from them about the situ.Freedom is not worth having if it does not include the freedom to make mistakes.0 -
-
It seems that the Irish devopers have built homes for approximately 1.2 million people that don't actually exist, which is over 25% of the population! This makes a mockery of anyone trying to compare the UK housing market with the Irish one.
Empty homes as a percentage of total housing stock.
Ireland 17%
Spain 16%
USA 11%
Germany 8.2%
France 6.8%
UK 3.2%
It is no coincidence that the countries with the highest vacancy rates have had the biggest crashes.
And those like the UK, with the lowest vacancy rates, have had the smaller crashes and fastest recoveries.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Empty homes as a percentage of total housing stock.
Ireland 17%
Spain 16%
USA 11%
Germany 8.2%
France 6.8%
UK 3.2%
It is no coincidence that the countries with the highest vacancy rates have had the biggest crashes.
And those like the UK, with the lowest vacancy rates, have had the smaller crashes and fastest recoveries.
What goes around - comes around0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards