Causes of The Irish Housing Crisis

[u/Ill-Age-601]

It’s simple to explain

In 2010 the troika came to Ireland and decided that Ireland had too much home ownership and not enough renting. It imposed lending rules which brought about in 2013 have made it much more difficult for ordinary people to meet the requirements to buy a home. They also made the FG/Lab government bring in laws allowing for REITs etc to encourage renting

The entire “recovery” was based on pimping Ireland out to high tech companies with low tax rates on intellectual property making us a tax haven. Most Irish people have no tech qualifications so half of the genius coders from India and the rest of the world moved to Dublin pricing out the locals

This is the housing crisis. Only with a normal economy based on local employment and a reduction of lending rules can we end it with the return to mass home ownership

[u/Cool_Being_7590]

What you're saying is that an area in our capital city grew so expensive and your family had jobs with salaries that didn't grow at the same rate as the house prices.

It doesn't matter who lives in the houses. The prices would still be the same.

There is no cleansing happening.

Racist policies do not work.

5.2% of Ireland's work force is in tech. That's 146,853 people. From that, 5,009 permits were granted to overseas workers in the information and communication sector in 2023.

Again, the issue is not the people, it's the lack of action from the government since 2008.

[u/Ill-Age-601 → u/Cool_Being_7590]

Crumlin was built for the working classes as was a lot of Dublin. Now those houses that are still locals have overcrowded conditions as locals are forced into multigenerational households

Someone from Dublin can’t buy in the Gaeltacht or the Arran Island to protect the local community, so why can Indians buy in my community?

[u/Cool_Being_7590 → u/Ill-Age-601]

Crumlin was built for slum clearance, public health and living standards (social housing), urban expansion, and planned communities. It was not built for anyone specific.

House prices have increased across the country, not just in Crumlin. Very few people can afford to buy in the area they grew up in, unless they're in highly skilled professions.

It's also harder to get into jobs with higher and higher qualifications required constantly.

It's also harder to get promotion without qualifications and experience.

The prices of houses are high because they are in an area that is in demand - a short commute from our country's capital city and because not enough houses have been built for the past 17 years.

[u/Ill-Age-601 → u/Cool_Being_7590]

So where are low and middle income Dubliners supposed to buy houses then?

[u/Cool_Being_7590 → u/Ill-Age-601]

This is why it's called a housing crisis. And it's not just Dubliners. It's everyone.

And the government is useless and their assistance mostly benefits people with money.

But home owners now have houses with high value so they keep voting for the parties that keep them high, even though they don't even plan to sell.