4 responses

  1. Michael O’Neill
    November 28, 2016

    The actions of the Central Bank in pandering to Builders who want to sell for more is little short of criminal. We have seen where this kind of pumping up the market led to in the Noughties – massive overvaluing of property, unsustainable mortgages and eventually destruction of the Irish Economy, which everybody living in Ireland is still paying for through VAT income tax and hidden taxes. The ‘you’ve never had it so good’ mentality looks like its making a comeback. Really, as architects should we not frown upon it rather than cheerlead it?

    Reply

    • Mark Stephens
      November 29, 2016

      Hi Michael

      I’ve updated the post with a couple of links giving the flip-side of the argument.

      A drop to 10% is a realistic amount for couples to save; the Help-to-buy scheme is probably making it too easy and is muted to be dropped anyway.

      No disrespect but I think you’re not taking into account the difference between Dublin & rural Ireland – it’s a different universe here

      Mark

      Reply

      • Michael O’Neill
        November 29, 2016

        No offense taken Mark, and likewise no disrespect from me, but I have seen the feeding frenzy before in the Noughties. The government, the reckless and unaccountable Central Bank and the corrupt Builders are setting the taxpayer up for another fall. There will be no winners in this. All this will do is push the price of housing up again.

        Reply

  2. Michael O’Neill
    November 29, 2016

    No offense taken Mark, and likewise no disrespect from me, but I have seen the feeding frenzy before in the Noughties. The government, the reckless and unaccountable Central Bank and the corrupt Builders are setting the taxpayer up for another fall. There will be no winners in this. All this will do is push the price of housing up again.

    Reply

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