Ireland's housing crisis: millennials, a generation sacrificed
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- Опубліковано 5 лип 2023
- In recent years, Ireland has seen a continued trend in emigration: young graduates and working millennials are leaving the Emerald Isle for greener pastures. But this time they are leaving on account of a housing crisis exacerbated by inflation, which is destroying their future prospects
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This is happening in Canada , the USA, England , Scotland, Ireland, Australia, New Zealand.. what the heck is going on and how can it be stopped? It’s madness
I don't it's population increase because they say that has been in the decline it's immigration that's causing it can't keep up with the numbers entering each country can't keep up with demand hence high rent from lack of choice
Capitalism
It's everywhere almost.
Single family zoning being rampant, excessive legislation, NIMBYS. Theres demand and develops want to supply and make money, but government won't allow new housing supply
Taking in millions of unwanted people from the third world might have something to do with it.
Thanks for highlighting this.
Ireland is closed. Come stay in a hotel! Because that's the priority of the government now. Building hotels. Want some where to live? No chance!
Irish government infantilizing a whole generation of Irish adults. It's an embarrassment.
A 33 year old working women forced back into her childhood bedroom with her parents.
Sums up the situation in Ireland succinctly.
No kids no husband ...
In Irish, from Dublin but live in Barcelona, the rents are expensive here but nothing on the scale of Dublin. I've been in a rental 5 years now, big double room (my flatmate and his dog) it's grand, €475 all 'facturas' included....you would be paying that for a cupboard in Dublin. I was renting a 1 bed flat in Smithfield, in the noughties for 7 years, it went fron €700 to 1900€ in 3 to 4 years. I was back recently, same flat..€2300....how on God's green earth can you justify that.
The book lies with the politicians who are happy to keep the status quo, Barcelona has a rent cap.
My country and the people who run are a disgrace.
Nearly €30,000 a year for rent is absolutely insane.
Within a couple of years you could buy a fairly decent 2 bedroom old furnished house in the countryside for that and for another half a year you could cheaply furnish and DIY the place.
Same price increase as here in the US.
I guess you guys are having a problem with Real Estate "investors" too.
You were right to leave Ireland Marcus Im 44 and from Dublin, Ireland is no place for young people,
@@ruairicoburn8410 Echo de menos Irlanda mucho Ruairi 💖 (I miss Dublin a lot Ruairi) the people especially (friends etc) but I can't justify the absolute state of the place if rents are exceeding inflation and wages (depending) on the sector are simply renting you a box in some kip outside of Dublin. I chose Barcelona because it has everything Dublin has but with better weather and food (at abs reasonable prices) I go back and I'm thinking how is a meal in restaurant with a drink €30 minium while here it's 12€....the greed and the 1% in Ireland have destroyed it for the generation coming up (I'm around your age) my advice if you're young get out, see the world, learn a new culture and you'll be paying less both economically and spiritually.
Greed ruins everything
Immigration ruins everything
Unregulated capitalism
@@StarSprangledBannerActually, it's very regulated. See how the financial markets haven't budged since 2007/08? That's how 'regulated' it is. It's Digital, therefore algorithms control it. Someone, somewhere, has a switch that can stop the entire show with the flick of a button.
3 words explain it all
if it was unregulated people would be building houses as that's very profitable for them, this is a total fuckup by the irish government @@StarSprangledBanner
The people replying with "It's bad everywhere, why are you talking about Ireland?"
That kind of thinking is doing a real favour to the landlords.
They need to increase the average wage in Dublin by an extra 20k or increase the mortgage lend rate to 5 times your wage. Ideally both
They are leaving the market it seems and many have come through difficult times in the last 30 years or so.
That's right blame the landlords as always. I have been a landlord in Ireland for over forty years. I have a very strict rule and
very simple I rent to ''Real Irish People' only. I will never be part of the sell out of my country. It is disgusting what they have let happen to Ireland.
That would be disastrous. Did you see what happened when they brought out the vacant house grant of up to 50k? All vacant houses went up in price by at least 50k- pushing them out of reach for so many who cant afford to pay for all the work upfront. Once again rewarding the rich with taxpayer money -just like electric vehicle subsidies. When they brought out the funding for commerce websites during covd the price of websites went through the roof. If people have more money they will pay it and push the prices up even more. And the banks lending more will also push up the prices. This video doesn't mention immigration once. Its shoddy reporting. We added hundreds of thousands of people net recently. 3% of the total population arrived LAST YEAR! Do you not think that could contribute?
@@seanmaccionnaith3458 You seem to be one of the people who think that immigrants are the entire problem.
They aren't.
When I grew up in the 50s, 60s and 70s, in Ireland in an area with more or less no immigrants, it was usual for just the father to work and to buy or rent his own family house. The mother stayed at home. Very few married women worked, and almost none if they had children. Though more worked in the 70s than the 50s. It was actually a status symbol to have your wife stay at home, as it showed you could support her.
As it became more usual for couples to have two full time jobs and to put any children in daycare, they were able to pay more for a home and the prices were adjusted upwardly accordingly.
Regulate real estate agents. They lie for a living. A country of gougers who think they are victims.
If Irish people want a better Ireland then the criminal political cartel that has ruled us for many long decades needs to be removed.
3 elections in 2024... time for massive changes in the eu run Dail.
this Irelands story -it has been failing the next generation for many many years ,,,,I left when I finished school years ago -no jobs or prospects --plenty of housing then . I have just returned and its a beautiful place with great people -its very sad to see this generation of bright ,educated people still having to leave
More like been replaced.
I worked in Ireland last year. I walked those streets, visited those cities, and ultimately, after less than a year, I was forced to return to my country and move in with my parents; not because I couldn't afford to pay for my rent, but because I couldn't find anything available on time. Not only that, but I had been away from my emotional support pet cat for that entire period, and the separation anxiety and generalized depression disorder were reaching their peak. Regardless, I would love to one day return there, but under more favorable, humane conditions. It felt like the generational gap was more than just the usual ideals and lifestyle stuff, but rather a divide built on indifference and cruelty. I was flabbergasted when I first found out that local homeowners were protesting against building what they laughably called "high-rise" in Dublin, which was merely a several story tall apartment. I can't adequately describe my love-hate relationship with that place, but I think that's what most other millennials feel too. That feeling of being unwanted, neglected, or just an extra in a play that's already booked.
James Joyce once characterised Ireland as the embittered sow who eats her own farrow. You hit the nail on the head when you stated indifference and cruelty. Ireland may not rank high among oppressive nations on the Earth but it has its victims and class enemies and out groups. Planning and the ability of existing land and houseowners to veto any form of development and progress in building and housing provision is one of the root causes of the present crisis and emergency in housing provision in Ireland.
Gone back.
You helped create the problem be crowding the market.
Good riddance. Ireland for the Irish.
@@wolfthequarrelsome504agreed. Sick to death of foreigners making Ireland a disaster to live in for Irish people.
Anyone who needs an emotional support cat to navigate life is not cut out for tough times.
"Emotional support cat"? ?.
Ok, I understand the problem - but moving to Berlin? Looks like she has not really reflected on her choices. It is not better and rent is on the rise and very high already. Also, there is a language barrier. This makes no sense.
Ban foreigners (and Irish corporations with majority foreign ownership) from owning investment property. Canada, Australia and New Zealand restrict foreign ownership of property.
10000 visas per year for overseas workers tells the true impact. Most of them works for corporations, snatching all new houses from the market and its rising prices. They are corporations buying houses for rental purposes, for other corporations. They have Billions of Euros in their pockets, so normal folks cannot compete.
Canada just did this now, we are already screwed. Some stay here in their homes for a month and go back to China or India. Plus the illegal migrants coming in by plane to live here. Plus the foreign students that say they are here to study but use it to get permanant residence.
Same issue in New Zealand, Canada...
Housing crisis in the UK, in Ireland, in Australia in the United States, in Canada. This is a global issue driven by global policies in sync. The Irish examples I can list would boggle the mind post 2008; but would they be any different to those in Australia...no, not really. Misanthropy on a global scale.
The parasite class causes all of this. We have to face it that there's 2 types of humans... symbiotes and parasites and the parasites are completely running the show
It's the boomer generation...they just kick you when you are down
My parents are dead, I'm living in my car! Lucky her!
I am single in my 50's earning €2600 and banks refusing to give me a mortgage. They do not explaning why. To rent a house is impossible now, even if you can pay asking price of €2500 per month. There are at least 10 other ppl chasing the house, so it is like a competition now. I slept in a truck, in a car and move out to the different town. But even so it is very hard to find a property to rent. Now I am working fir company, who supply me with a room. But no private life, no pets, sharing house with other people not as a choice. Who to blame? I do my share but it is not enough for regulations. So what should I do, especially in case of illness or loosing a job with accommodation provided? Who should answer my question?
If I were you, I would consider going to live and work in an Arab country, there is no housing crisis like this in Europe (I heard rents are high in Qatar though ... you need to do a search).
There was a young single girl complained about exactly this problem to the Minister of Housing in the Netherlands recently.
He advised her to find herself a husband or live in boyfriend with a job and then rent one of those expensive homes between them.
The answer angered a lot of people, but the sad thing was he was right.
There was no way she could afford her own home as a single girl on an average income.
Only social housing, but the waiting lists are 5 to 15 years for a council house or flat, depending on the area.
Banks are very picky about who they give mortgages to these days, since the 2008 financial crash due to sub prime mortgages in the USA, which caused a worldwide recession.
But you would probably be out bid for any house you wanted anyway.
That usually happens with young singeltons.
A couple pushes in front of you and offers a few grand more than what you can afford.
And if a couple doesn't an investor that already has a whole string of properties will.
Money is no object to them.
The local governments in Ireland won’t allow people to build their own houses, except in very specific circumstances, so thousands of people who want to build are not able to get planning permission, they then have to stay in the rental market for years, the government wants everyone to only buy from a developer which is going to be a low quality build, so many people could build their own homes if the government loosened the restrictions, but they are more concerned about stopping house building outside of towns than solving the housing shortage, people’s lives are being ruined but local planning restrictions are a higher priority by an out of touch government
Living in Ireland for last 20 years I understand people who are living on the boat 😔
Yes but evey 👽 from the third world wants to migrate to europe its poison
Gaslighting the public by claiming migrants are are not contributing to the problem. 200k extra people when the country is failing apart already is pure insanity. Migrants are provided with housing assistance, are fast racked because they require no documentation while an Irish person on HAP is still required to get a landlord to fill out extremely onerous documentation. Who do you think the landlords is going to choose? - ....all at the taxpayers expense. It really is a grotesque situation.
Im Irish and ive been in America for 17 years, i am a full-time single parent and i now have to return home because my rent has doubled since 2016, its now 1600, my car insurance has increased 72%, my car payment has increased and every bill i have has gone up, groceries are up 40% with inflation, i am insurance sales and the industry is in crisis with catastrophic losses, i also have a small online business and i also do delivery driving, no matter what i do its never enough, now my daughter is going into middle school i am bringing her home to keep her away from the crime and gun violence here, but overall this is a crisis of greed that is happening everywhere
This is what happens when people can borrow cheap money and decide to 'invest' in property... so renters would pay their mortgage and they get extra money and another house. It has been very easy for some that now it's too hard for the ones coming after...
Really annoying I agree. These kinds of buy to let landlords are parisites. Sit back and take their money for doing more or less damned all, while the tenant has to work full time to pay their mortgage for them.
It does go wrong for them occasionally though.
They get people who won't pay the rent and they can't get them out of the property.
Or they get people who wreck the house.
Or they suddenly get landed with really expensive repairs, like a leaking roof.
Come on social media or reality tv feeling sorry for themselves.
I think, slap it up 'em.
it's deliberate action from the government as over 180.000 houses stays empty.. most of them ready to move in. It's done for the profit of "investors", government friends and relatives and to push the GDP higher so it looks that the country is prosperous
I had a 1 bed rent on Parnell Street, Dublin for €900/month in 2012. Now the same apartmant cost €2.500/month.
The Irish government caused this crisis by not building enough homes
Seems like this is the problem everywhere, either you couldn't get a job, or have gotten a job, the pay is not good enough to get you are home/flat not to mention starting a family. The Governments really have to work harder to satisfy these needs, basic needs.
Ireland is now like a colony. You have to be a member to be issued with housing and food. But you have to be engage through them, to be alive. What is the option? Look around who gets a housing. Social welfare is one colony, corporations are another ones. If you are fortunate to be with them, you are ok. But all outside of it is a guns meat for an economy war.
If the politicians cannot do something then people will start going abroad and Ireland will have only old people living . People are migrating to Aussie or Canada for better quality of life.
10000 visas for overseas workers says how much government thinks about Irish on Irish job's market.
Another thing not mentioned here, is that while we do have social housing policies, local councils do not have the power to order construction of housing developments for this purpose, but instead have to bid against ordinary people in housing developments, pushing prices up for everyone.
That's simply not true. They've a budget to build housing and if they don't want to do it themselves they can fund authorized housing bodies to do it
I want to be able to afford my own house, not rent from the state or anyone else. For that to happen, the rigging of existing housing stock has to be undone. The reason existing houses are expensive is because the government borrowed 200 billion euro since 2008 and used that money to inflate property prices. Property prices therefore need to be deflated by 200 billion euro and the way to do that is to tax houses heavily and advertise the sale of any house in arrears. The money raised will be enough reduce the national debt by 200 billion euro. And, by exempting first time buyers of existing houses and also exempting new builds from the tax, the manipulation caused by Enda Kenny can be corrected over a period of 20 years.
The problem with local councils is, that because there have democratically-elected councilors, it is a parallel system & the central State cannot instruct local councils on what to do. An attempt to launch a social housing scheme a few years ago floundered on the low level of competency of council staff & particularly County & City Managers, who have God-like powers over what happens in their districts.
Yeah, this isn’t true. Local authorities have money and can start housing projects, the issue is expertise and motivation.
They lack trained, competent staff and there is no advantage to them from allowing ANY home building in their areas including social housing.
In other parts of the world, property and local taxes are actually a significant part of one’s contribution with taxes to central government being a smaller share. This motivates councils to increase population.
In my adopted country councils will literally give you a full serviced site for a houseSND subsidised housing during construction if you move there. The reason is that your kids will use the local crèche, (state run) school, health services etc which improves economies of scale AND your taxes will allow them to provide those services at an improved level.
In Ireland there is no direct connection between the tax base and local authorities; even property taxes are centralised and redistributed. So if you’re a local authority why would you bother? It’ll cost you more, stretch your resources and central government won’t give you anything extra to deal with the incidental costs such as increased road usage, service provision etc. To them it’s a black hole rather than a virtuous circle.
The Irish housing crisis didn't just appear out of nowhere, it is a result of deliberate policies of the Irish Government & the EU. It has caused the number of births to fall below replacement & along with emigration, there is a government & EU-sponsored wave of mass immigration of non-EU nationals. It's replacement, plain & simple but of course, I wouldn't expect Euronews to go there. The problem is presented here as if it's a standalone one that just, well, happened. It didn't just happen, it was planned. Obviously, the State will not do anything that goes against it's actual aims.
Spot on. True what you say.
The government must build the houses for his own peoples
The narrative about rents is false. There are rent pressure zones in the major cities in Ireland where rents are only allowed to go up by 2% pa. In spite of costs up by 6 to 8 %. I got out of the renting business when I had a house vacant. I could not risk putting another tenant in place as the risks are too high and the allowed rent was €800 lower than the market rate if it was a first time rental.
The politicians have stirred up hatred against landlords for political gain. Many small landlords and "accidental landlords" are selling up and getting out of the business. They are being replaced by large scale REIT's, Real estate investment trusts, who will have the power and expertise to enforce rules and evict non paying tenants and carry the costs of legal and repairs often encountered with problem tenancies, costs that a single unit landlord cannot carry.
In the future the big operators will be the only game in town as succeeding generations will not be able to afford a house or to buy a second house for renting out. Companies will have to house their employees as part of the employment package if they want to attract workers to Ireland. I see this already happening in the healthcare sector and Irelands defence and police forces have great difficulty attracting and retaining staff as does the education sector.
For decades the country looked down on building workers and construction developers as chancers and knackers and these were also demonised by successive governments. Jobs in this vital sector are now unnattractive and do not have the capacity to build the needed houses. NIMBYism and attrociously bad and obstructive planning delays and bottlenecks are also at fault.
So normal folk like me is fok feom many angles then, even I earn decent salary. Banks refusing mortgage, rent is an extortion. Having €2600 after tax gives me no chance to buy or rent. Wtf?
Absolute bs, most politicians are landlords ffs. All landlords are the scum of the Earth. Exploiting humanity while producing nothing. If the Irish were not such gutless cowards these days there would be no landlords left alive.
i wish her well but Berlin ahs same problem!!
Foreign ownership has pushed up the rents as Ireland is considered a smaller economy booming which will give more more return to somewhere like London where the prices are already heavily overinflated and things aren't growing as fast. The rent goes up and those sitting on the property get higher and higher rental yields and sometimes double digit returns. These entities then lobby the government for more immigration and low wages to flood ireland with more renters pushing up their yields further. Anyone calling it out is labelled as a nazi and even skilled workers get pushed close to poverty. Congratualtions, you have been scammed with the rainbow flying neo-liberal agenda.
True
You should see the city where I am .. Not in Ireland.
Seven storey blocks of new apartments everywhere. All social housing. €25k. Electric €10 monthly.
How tf do you live in Ireland with those conditions?
Where?
Interesting documentary. I remember a time when a deposit for a house was a lump sum, for example a house going for 200,000 required a deposit of perhaps 15 - 20,000 euro, and sometimes, just sometimes the bank of Mam & Dad + a side loan could step in and help. Now the deposit is calculated as a percentage of the house value which can mean anywhere from 50,000 euro up.
The banks want to make sure the home buyer can afford the house via the deposit + should the mortgage payers fail a few years in, the bank will retain the deposit as well as taking the house. It all goes back to Bank security, and the bank not risking a loss.
One other thing, many people do not want to move out further a field where houses are cheaper, but would rather stay close to family, and city suburbs.
I wonder why a group of friends do not get together 2-3, perhaps 4, and apply for a mortgage. Give it a few years, perhaps make a profit....sell up, and split said profit for singular mortgages going forward.
The Irish government has publicly acknowledged the cost of new houses impacts first time buyers in particular. But why is that so? There was a time (pre 2009) when first time buyers would set out to buy a house, not necessarily a new house, just a house. Perhaps if our existing housing stock had not been inflated by 200 billion euro which the Irish government borrowed since 2008, the cost of existing houses could have continued crashing to their natural, unmanipulated level and that windfall would not have cost us a cent. So, who does Leo Varadkar think is going to service that 200 billion euro debt? The people priced out of the market it was used to rig? I think those who got the 200 billion should be the ones to pay it back. Tax all property with punitive monthly taxes and instantaneously advertise the sale of any house in arrears on a government websites. Exempt first time buyers of existing houses from the tax and exempt new builds from the tax for a period of 20 years. That is how to repair the damage caused by Enda Kenny. One word of warning though, FF is of course just as bad as FG and SF is threatening to be even worse. Apparently SF don`t think the 200 billion euro property owners got was enough. They think they should get more.
I think you’re mixing up government debt and the housing market. They’re different things.
When you go back to 2011, when FG was elected, the pressing issue for young working people was negative equity. People with growing families and long mortgages stuck in insufficient housing that couldn’t be rented for an amount that would cover the mortgage repayments.
Their policy, wrongly in my opinion, was to inflate the property market, thus bring sales process back up to a level where homeowners would take a hit on resale value. This was done by attracting institutional investors and allowing a certain amount of fire sales to wash through a lot of poor quality or undervalued property. This was also done in tandem with a broken construction industry with no capacity, staff or finance to build anything. The industry never recovered but the prices kept rising. The national debt has nothing to do with it.
Like it or not, these voters were a sizeable constituency of people who (mostly) worked and payed taxes. They probably swung the election for FG at the time. And politicians will always help THEIR constituency.
Ireland is no place for young people just get your degree and leave.
Boat is interesting angle I was thinking of yurt
Governments must do much more to enable people to have decent quality housing which is, in my opinion, a basic human right.
In the UK there is a shortage of affordable social housing and in part this has been driven by the 'right to buy' with stock sold off at below market value prices and nor replaced. There is also not enough control over the rents that private landlord are allowed to charge with the 'buy to let' market forcing renters to pay off the mortgages of the home 'owner' (or those with enough money to put down a deposit on a buy to let mortgage). It is all so wrong and driven by greed.
Councils in England are still selling their housing stock for up to 70% discount.
Then... Why are YOU not building houses and rent them out at a loss??? :) serious question.
6:20 how does evicting tenants maximise a landlord's profits?
Rory Aherne they have capped rents and that is one of the reasons landlords are leaving in droves and its made the situation alot worse.
Rory Aherne doesn't have a clue about the real world. Landlords have been demonised and treated very badly by the Govt in the last decade or so.
Ireland is now the only English speaking country in the EU. Young Europeans were bound to go to Ireland if they couldn't go to the UK anymore.
7:00 rent increases ARE capped. How will an eviction ban affect supply?
I wonder which countries middle class will start kicking the can back at the government in terms of the housing affordability... My money is on Canada.
Boomers have created crises everywhere: government debt, healthcare, housing...
in terms of ireland, it goes back a lot longer. you're looking at an entrenched large property owning class going back to even before independence, an aspirational property owning middle class that was caught up in a 13 year long property boom, and now the focus on career landlords as another aspirational class. it goes back to the days where property couldn't be owned by catholics under british rule and it's left a mark in what we value in our culture.
Though the current parties being mainly ones that follow in the shoes of Reagan and Thatchers economic policies, privatizing whatever national assets they can for the benefit of their investment friends doesn't help. Considering the current government being made of 1) a party who is collaborating with the British Tories on election strategies and seeked to commemorate the RIC during the 1916 celebrations, headed up by an ex doctor that leaked government tenders to his friends, 2) the party that oversaw the boom and bust, with a leader so corrupt at the time was previously a finance minister with no bank account, currently headed up by someone who's shot down remittances of the mother and baby homes while being in power during their running, and 3) a green policy party that's put more subsidies in place for diesel cars and data centers, than public transport outside of the major cities, while recommending growing salad in south facing windows when people were concerned about the cost of living.
"Boomers" aren't really an Irish thing, that generation specifically came about because of a post-war baby boom and excess wealth that Ireland never had.
Boomers is a word used to avoid feeling like an ageist which is what people who use the term are.
@@CaptureCat88 not really, when you're talking in the American labelled generations sense, it's really from the lasting political decisions from people of that generation. It informs a culture
@@j377yb33n Average "boomers", working class and now with health issues, are struggling, too. You should not equate them with the wealthy boomers who keep getting richer.
Why do the have a forgeiner talking about the Irish homeless 😂
true, could've hired a local to put some money in their pocket but nope
not the first either
Guess what happens when you have no family to help?
The 'left' political parties in Ireland have no desire for private ownership of housing. Or even private development of social housing. Time and time again, led by Sinn Fein, private and public housing developments are blocked because their development doesn't conform to a daft, outdated ideology. Namely, that council employees aren't themselves out bricklaying. Also, a scorched earth policy for a party that [all going dreadfully] will be in government next year is far from beyond their moral capabilities.
Councils that OWN the land already cant build a social house for less than 450k. A private developer, can buy land and build the same spec for 350k.
OH and on rent - any half-wit could tell you that the only way to reduce rent is to increase supply i.e. MORE landlords, not fewer. Shinner ideology cant get past that one either.
It's bad now, but its set to get a whole lot worse with the Shinners as ringleaders.
The world has changed so much, but housing crisis in England started even before the 1900. There is a record showing how normal it is for 8 people to share a room, much like the idea of hostels now, which can be up to 16 people per room.
Ireland specifically, is in a perfect storm housing-wise. It would be fine to blame capitalism alone but it’s a much more complicated problem than the old corrupt politicians and developers chestnut.
The supply issues stem from lack of construction materials, construction staff, poorly staffed and resourced planning authorities, local authorities with no motivation to build housing (ie housing doesn’t increase the local tax base), financial institutions unwilling to lend, outdated ownership models, lack of serviced land …… I could go on.
Just one example of what’s wrong with the market; There are, in fact, over 300,000 vacant homes in Ireland. These can’t be turned into habitable homes because there are no trades people to work on them , no funding models to refurbish them and if you’re an owner it’s cheaper to sit on a vacant home and watch it’s price rise then to bring it up to code and rent it out. There is literally supply sitting there but the systematic problems prevent it being used.
And the main issue is that politicians and ‘experts’ don’t know what to do about any of it. On the left you have a group wedded to local authority housing as a cure all when local authorities have shown for decades that they’re incapable of managing their housing stock and on the right you have a group desperate to move the chairs sound on the titanic safe in the knowledge that as long as property prices continue to rise homeowners will continue to vote for them.
Even Rory Hearne’s (interviewed here) idea of a national housing company lacks thought and a sense of reality about the challenges overall; how will it be staffed, who will pay their pensions, given that it will be a quango with 100,000s of employees and complex systems and supply chains, how long will it take to set up?
If we keep looking for magic bullet solutions when each individual problem needs attacking, we’re going to end up with another batch of problems and an even bigger housing crisis.
When you are in a crisis, you move into ‘crisis management’ mode. You take drastic action appropriate to the crisis on hand. That’s what Winston Churchill and FDR did in the late 30s/early 40s. If not, we’d be having this conversation in German. The Irish government has a long list of ‘excuses’ as to why this all happened. The same could be said for the rise of Hitler. Tough (you know what). You’re in charge, solve the problem anyway. Grab the bull by the horns and show you can deliver results.
Ireland has so many bottlenecks that could be eased in this situation. First of all, you have this communistic Planning board that is a huge bottleneck in getting things approved. Bypass them for now. Who needs them anyway? I looked into prefabricated housing as a solution - 1/3 the cost and Irish companies could provide them. Told by sales guy, Planning will never allow it. Forget it.
I wrote an article in Cork Echo in Jan 2022 on how to use prefabricated housing to totally solve the problem based on my experience living in the Middle East. Google, “Cork Echo Marty Moran” and select the article from Jan 2022.
They could reduce all non-essential immigration outside that required to help with the construction of houses. This would help bring supply and demand into line with one another.
They could eliminate the tax that small ‘mom and pop’ owners are charged, thus allowing them to lower rents.
My take on this is that the government keeps getting elected, and thus doesn’t really care. The young people have largely given up and just emigrate. But we’ll see what happens during the election this year.
We managed to break free of an empire only to be re-colonised by a discreet, almost invisible class system held up by landlords, publicans and a new wave of career politician who has absolutely no loyalty or care to the people they represent. The warning signs were there even after independence, and one only has to look at the likes of our Taoiseach, private schooled (King’s Hos), leafy suburbs, as a symbol of the disconnect. The issue is there’s no viable alternative either. They’re all singing off the same hymn sheet, Sinn Féin included.
I hope someone told her that Berlin has at the same housing crisis as Dublin has..
It seems almost inescapable everywhere. On the other hand, everyone wants to move to the same bustling European metropoles. If I was in that position, I would perhaps try to find out salaries and rents in either larger cities in the Baltic states, Eastern Europe, or if you insist on being in the Western countries of the continent, concentrate the search on smaller towns or even the countryside.
I'm a Berliner, and can't afford living here anymore. I'll have to move to a smaller German town soon.
the same crisis, but it's far more affordable. dublin rents are on par with london and new york, getting close to hong kong
I live in Berlin and while the housing situation isn’t great here either, it’s still significantly better than virtually anywhere in Ireland. It’s really on another scale there.
At least the housing quality in Berlin/Germany is better than in Dublin/Ireland.
I think it's all very relative really. Berlin has got a housing crisis like most major cities in the developed world but it's still better in comparison to Ireland, particularly Dublin. So to the average Irish person it isn't much of a crisis in that regard which is probably because tendency laws in Germany are much better than in Ireland.
Why is demand increasingly outstripping supply in recent years? Was there a baby boom in the 80's and 90's that I never heard about? Is there not more houses in Ireland now than ever before?...what is the key change in Ireland that I am missing here??
All by design klaus you will own nothing but be happy
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
Federal Reserve system should have been banned from existance a long time ago, its a shame and a biggest scam by fiat money launderers ever created...
If it's so bad why they live there
Supposedly there is no housing crisis anymore
It is not just millennials who are suffering because of the housing shortage. I am sixty four years old. I bought a house in 2004 in Cabra in Dubin Ireland. Unfortunately I did not get one night to enjoy my home. There were drug fuelled raves 24/7 from the night I moved in to 2022 and covid. Covid gave me back some quality of life because the Gardai finally gave me some back up in dealing with the neighbours from hell.
I knew immediately that I was in big trouble. The gardai just ignored me and would not help. I had paid €20000 in stamp duty and other fees which I could not afford to write off. Also the cost of houses continued to rise until 2007 and then the market crashed. I was then in negative equity and no houses were coming on the market anyway if I was in a position to move.
Same same everywhere, Grass is not greener in Australia or Berlin. Brussles is a 90 minute 40 euro flight , it's commutable....
Not 5 days a week it's not
we need land value tax
*The most troubling aspect of the whole Middle East war right now is that there may be tens of thousands of people who now live in the West, who are either refugees or simply people from troubled parts of the world who come looking for work here, who secretly harbor admiration, or perhaps openly support, Hamas or ISIS or other terrorist organizations. Back in April 2023, a Pakistani man called Ahsan Iftikhar (born 1993) who works as a design engineer for a company in Dublin, Ireland, called **_LetsGetChecked,_** which produces home health test equipment, made several statements to his work colleagues about how he admired ISIS for "protecting Muslims' human rights". He did so while having lunch with his work colleagues one day. When he saw the facial expressions of his Irish colleagues, he realized that he had gone too far and tried to backtrack by making it seem that he was joking when he said those things. Some of the people who heard his remarks have since tried to avoid him. It has also emerged that that was not the first time that he had voiced support for ISIS. This is very disturbing. Ireland has a very small population and the government has opened the floodgates to overseas workers to try and fill the thousands of job vacancies in the country. But in their eagerness to attract foreign workers, the Irish government may have inadvertently allowed in people who may harbor resentment towards the West and possibly even wish it ill.*
What is a French man doing in Ireland complaining about Ireland's not supporting their local kids?
So what happened to all the ghost housing estates built in Ireland that suffered when the global economic crisis hit in 2008?
I agree this is not a Ireland only problem. Equally as important is the total distrution of a man or woman's finances in the Devorce courts. I do blame the government for not building starter homes ( the money is there). I only have a home due to timing in the value of land and a self build, which has since been totally undermined by new planning laws. We have to spread business outside of Dublin. We need to embrace new ways to build, printed homes, factory homes and self builds. I think the young lady would be a good wife ( if that's what she wants). The cards of modern life are so stacked against a traditional way of life I sometimes think its deliberate.
I pay 1000 for a single bed a month and i cry every night bc I only make 900 for 20 hour work. Idk where I can bring more money to pay I am a student… this is too unfair, I burn myself at MCDONALD’S so I can pay my landlord… I shouldn’t say this but my landlord has no kids, where is he going to leave this house or Money? That’s not gonna go to his grave, why are you so greedy?
Get out. Go home.
@@Chris-zd7gw That's a bit harsh thing to say to someone, grow up.
One word immigration
RE Dublin riots 3 I see that levels of consciousness there is as non existant as anywhere else "
I don’t quite get the reference to young people leaving Ireland being a new thing due to house prices. Young People have been leaving Ireland for generations with the intention of staying away permanently. 10 years ago when I was in my 20’s it was due to work being the excuse but in reality I just wanted to leave. I had no intention of moving back here but I did.
Because an uptick in it currently.
Because up until recently, and maybe a blip during the celtic tiger, it was just because there was a lack of work and opportunities in the country. Now there's work here, but good luck getting anywhere that'll let you afford to rent on your own
Most don’t want to leave they have to leave there’s a big difference. Don’t worry free houses for the foreigners who are fresh off the boat. Out with the Irish in with the governments new voters that they desperately need.
@@paddylast5839 Ahh, another person claiming this is designed as a population replacement mechanic, while not realising that was the same line used against irish and windrush immigrants to britain from the 50's onwards.
@@j377yb33nmaybe your living in cuckoo land or just plain stupid but there all men coming in.have you seen women and children num nuts??
Young people have to leave, the ones who remain can’t have children because they don’t have a home, immigrants are arriving in huge numbers, currently 20% of the population and soon to be 30% then 40%, Ireland is going to be a very different country in the future, is that good or bad? But it will bring so many cultural differences and challenges, will society function if people lose faith in their own country and politics and they stop working towards the common good, society may become much more everyone out for themselves because they have nothing to lose, less social capital, and feel that there is no point in investing in society
Greedy Government
Why are they allowing another genocide in Ireland?
1:00 Top G?
The man at 8:00 is just sptting.
He says they're emigrating from Ireland to Canada and Australia because the hosuing crisis. Hahahaha...out of the frying pan, into the fire. It's even worse in Canada and Australia.
YES!
My rent went up from $560 to $900 a week.
Currently living in a store room, no cooking facilities,showering at a gym, washing clothes at a laundry mat.
Worse time of my life.
Shame on Australia and the huge numbers of immigration and greed.
We were sacrificed 10 years before it was the millenials turn
completely agree with the point about having kids all these boomers stating we "should be having kids by now" not really a great idea if you cant even afford a stable home....
Portuguese here seeing that this is happening everywhere… it’s hard not to think that this isn’t orchestrated… this is intentional!!!! You’ll own nothing… and you’ll be happy 😢 really?!?!
All part of the plan. Its a replacement of certain people...
All part of the plan. Its a replacement of certain people...
My daughter lived in Portugal for 2 years. She said that take away the sunshine and life there is really, really hard even if you're Portuguese. It's much easier back home.
@@tombartram7384Not even if you’re portuguese… SPECIALLY if you’re portuguese 😩 our average income is one of the lowest in Europe and they expect us to pay prices equal to other countries with much higher income, welcome to the EU!
Waterford has had City status for hundreds of years - it's not a small coastal town. What else is wrong in this report?
On the positive side, moving into your parents home is not a negative thing, I believe the benefits outway the negatives, especially since you reconnect with your parents, get emotional support and support each other economically. Most Middle-Eastern and Far-Eastern and even South European people still live with their parents or have their parents living with them. That is how e.g. Asian people in the UK can afford expensive cars by pooling together their savings.
Multigenerational housing is fine until you want to date and develop a relationship with someone. People in the west used to do this by moving out to their own place away from their parents and nosy siblings (often worse than nosy parents).
Housing has now created a situation in that middle income families are delaying having children often until it is too late to have them due to not having the privacy to form relationships and build their own families.
Working class families are now waiting 10 years for a house if they can get one at all so are also increasingly affected by this delay in having babies.
The chinese character for "trouble" is an ideogram showing 2 women under one roof, an accurate reflection on the squabbles that can exist when 2 women have to live in close proximity to each other. I was lucky in that my mother in law was a saint and supportive to me in our family. I cannot say the same about my own mother who was complex and difficult with my wife. Nothing big but they did not get on well with each other and it would have been very difficult to live in the same house as her all the time.
A smart person would live with the parents (who usually don't take rent) and work the but off to save to buy a house, or have enough for marriage. Unfortunately, a lot of young ones don't think that way these days. They living in a very unrealistic world.
@@Johnnymahon218 Wages have not kept up with living costs. Only IT workers can afford things today.
The Answer is Simple... We need to shrink ourselves in order to all live inside tiny little tin cans, so we can still pay our taxes and exist under the permission of the Irish government upper class.
Demonise landlords with high tax and reams of regulation and this is what you get.
Manufactured housing crises
One word Capitalism
The Irish accent is so sexy! Good lord!
33 and single. Moving to Berlin to find a husband and start a family. The Irish lads not good enough for her? Hitting the wall hard.
One word for the blame - Boomers
It's the fault of landlords. It's the fault of nimby's. It's the fault of government. It's never their fault. It's never because their generation are unable to form long term stable relationships where people share accommodation. Like they used to back in the day. Instead, they all have to have their own place, thereby pushing up demand.
Sinead needs to wake up and stop whining like the typical millennial. She is in a very nice and comfortable home where the parents are probably feeding her too. A lot of people in ireland are living in a dump with no where to go or go back to.
She wants to be more responsible. There's nothing wrong with that.
@@terranaxiomuk being responsible is trying to make the best out of what we have, working, paying for the bills, and trying to better ourselves. And appreciating a nice home that we can go back to whenever we need it. Not complaining about a very nice comfortable room she has there. A lot of people would love to live in a place like that and not like the dump in the hostiles or on the streets. Whining about a nice room like that is not showing appreciation, maturity, or have anything to do with being responsible. More like a sense of entitlement.
@abbeywalsh1470 Depends on how you want to look at it. She looks like she wants to look after herself, not live a comfortable lifestyle at her parents.
@@terranaxiomuk complaining about the nice room and house she lives in is not trying to look after herself. It's a sense of entitlement. I bet you she not paying rent or for food there. She can do that and help the parents. That will be the same as living out alone and taking care of herself.
@@APerson-ns8xd I'm chilled. What's the 'normal developmental stage'?
You just need to send more money to Ukraine.:))).
What exactly are you meaning here ? Countly is at war fighting for the rest of Europe.
@@vladyatseno8937 What if they stop fighting?
Hello..., in poorer coutries people's always lived with their parents (together with their own family). There is nothing new in it, just need to accept the fact of being kind of poor and adjust...
We adjusted - just wish our overlords would stop whining about collapsing demographics 😂
A race to the bottom - brilliant. Instead of demanding a response from the politicians and ministers - who are ELECTED by, PAID by, and SERVE the people - we should just lower our expectations to that of developing countries.
And bearing in mind: they had no shortage of dramatic, unprecedented responses when it came to COVID.
Ram your stupid idea.
@@Chris-zd7gw You probably don't realize that there is nothing to do about it on the long run and none government can resolve the problem of the overpopulated world with limited resourses without keeping to exploit poorer nations as it was done through the whole 20th century. The economy will never get better, it will only get worse.
Apart from that, there is nothing stupid in living in the same household with your parents who look after your children. You are just not used to it for multiple cultural reasons. And people who are not ready to embrace the change will just extinct..., there is nothing new about it either.
That's absolutely ridiculous comment! Poor??? Seriously? Ireland is everything except poor. Find another plausible explanation to situation instead of your "poor" excuses. We're back at the Celtic tiger without the good bit of it!
@@leslamentins And your comment is just ignorant. All european countiers are becoming poorer, there is nothing special about Ireland in this case. You don't know why, do you? Dislocated production, limited and expensive world resources due to the development of Asian counties, retired boomers & young population decline, etc. None of europen counties is going to live better, it will only be getting worse. There are no grounds for the contrary. And local politicians can do very little about it. So yes, it's better to adjust quicker to the poorer lifestyle that keep complaining - it won't help much.
Yes.. Emigrate please.
We need your country.
Greetings from Africa.
(suckers😂😂😂)
Save Our Nursing Home
"I tried to get an answer from the Irish authorities but no one responded to my requests."
Yep thats the Irish way alright. Sweep all the dirt under the carpet.
Even with a small issue, officials are adamant. I asked can I clean ferns around ruins in Wicklow hills, to atract tourism. After a phonecall, I was given an email to write to. They never responded to me.
Ireland for you. All cover ups.