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How could it not? Until we no longer have a shortage of housing won't all surplus income/cash go in to outbidding our peers for the existing stock? If a town h

How could it not? Until we no longer have a shortage of housing won't all surplus income/cash go in to outbidding our peers for the existing stock? If a town has 11 billionaires and 10 houses then the houses will presumably be a billion dollars. (That's obviously an oversimplification but you get the drift) Similarly, Ireland makes it damn near impossible to build anything and started a program to give first time buyers €20,000. New home prices went up by... around €20,000.

lynx23 2y ago
This is why I am very sceptical about UBI.
- ActorNightly 2y ago
  UBI can be done, just not in a cash form. You get an efficiency apartment with all the amenites, food stamp allowance per week, healthcare, cheap android phone with internet, and a chromebook.
- CalRobert 2y ago
  It's part of why "just build the damn homes" might be a simple solution but I feel like it could just work.
darraghenright 2y ago
Yeah, this sounds like a classic Irish solution. It's hard to see any light at the end of the tunnel here between the shortfall, cost and availability of labour and materials, and so on. To paraphrase what someone once said on this site — housing as an investment or a human right, choose one. I bought a house in Cork city six years ago, paid more than I hoped because it's quite the fixer upper — we've done almost nothing and "the market" suggests that its value has increased about 50% since. Which is meaningless to me but means a lot to many people I know who can no longer afford a buy a home.
- CalRobert 2y ago
  I somehow managed to lose money because I'm an idiot. I bought a thatched house in Offaly in 2019. Then I lost insurance (like many other thatched home owners in Ireland since the last insurer stopped writing policies) and the house became uninsurable and unmortgageable. Took a huge loss on it and moved to the Netherlands, where it's still possible to get insurance on thatched homes (though I sure as hell will never have one again). Good riddance.
  - rightbyte 2y ago
    Do I read you correctly, in that the bank in effect foreclosed your home due to a policy change since it had a straw roof?
    - CalRobert 2y ago
      No, I bought the place cash, but it meant any subsequent buyers couldn't get a mortgage. What you're describing has in fact been a huge problem for other people with thatched roofs in Ireland.
  - anal_reactor 2y ago
    I'm literally buying an overpriced apartment in the Netherlands right now because I know that the population is only going to keep growing while housing supply will stay limited, so if I keep it 20 years and sell then, I'm going to be fucking rich and I'll just retire to a small town in a poor country with fast internet. The fact that I'm massively overpaying right now doesn't matter.

lynx23 2y ago

This is why I am very sceptical about UBI.

ActorNightly 2y ago
UBI can be done, just not in a cash form. You get an efficiency apartment with all the amenites, food stamp allowance per week, healthcare, cheap android phone with internet, and a chromebook.
CalRobert 2y ago
It's part of why "just build the damn homes" might be a simple solution but I feel like it could just work.

darraghenright 2y ago

Yeah, this sounds like a classic Irish solution. It's hard to see any light at the end of the tunnel here between the shortfall, cost and availability of labour and materials, and so on. To paraphrase what someone once said on this site — housing as an investment or a human right, choose one. I bought a house in Cork city six years ago, paid more than I hoped because it's quite the fixer upper — we've done almost nothing and "the market" suggests that its value has increased about 50% since. Which is meaningless to me but means a lot to many people I know who can no longer afford a buy a home.

CalRobert 2y ago
I somehow managed to lose money because I'm an idiot. I bought a thatched house in Offaly in 2019. Then I lost insurance (like many other thatched home owners in Ireland since the last insurer stopped writing policies) and the house became uninsurable and unmortgageable. Took a huge loss on it and moved to the Netherlands, where it's still possible to get insurance on thatched homes (though I sure as hell will never have one again). Good riddance.
- rightbyte 2y ago
  Do I read you correctly, in that the bank in effect foreclosed your home due to a policy change since it had a straw roof?
  - CalRobert 2y ago
    No, I bought the place cash, but it meant any subsequent buyers couldn't get a mortgage. What you're describing has in fact been a huge problem for other people with thatched roofs in Ireland.
- anal_reactor 2y ago
  I'm literally buying an overpriced apartment in the Netherlands right now because I know that the population is only going to keep growing while housing supply will stay limited, so if I keep it 20 years and sell then, I'm going to be fucking rich and I'll just retire to a small town in a poor country with fast internet. The fact that I'm massively overpaying right now doesn't matter.