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Review of Housing for All the good and the bad - Frist Time Buyers | Part 1
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- čas přidán 21. 09. 2021
- Review of the Housing For All Plan. The Irish Government released the Housing for All Plan on the 2nd of September 2021. A 160 page document covering a plan to deal with the housing crisis in Ireland, Dublin.
The plan covers off first time buyers, vacant property tax, social housing, rent control, shared equity scheme, homeless, mortgages, planning system, local councils, Part v, social housing and affordable housing.
Will the Housing for All plan work for Ireland
In this video we review the first elements of the plan and focus on first time buyers and how the housing for all will assist young property buyers looking for their first house.
I am shane fleming, I have been involved in real estate for 17 years, and have a degree in property economics. If you require advice email shane@flemingre.com
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#firsttimebuyers #vacantpropertytax #social housing #rentcontrol #ireland #dublin #irish #dublin #property #realestate #shanefleming
Part 2 Will be out later this week.
The current fast tracking for determining planning applications for large housing developments directly to ABP appears to have slowed down with numerous applications going to JRs and being overturned. Therefore, the problem is with the legal system and not the planning system.
Very true, but the planning system should not be open for high court review every time, the planning system has to be changed to stop all the legal challenges.
It’s to limited. They have to choose the home for you. It should be live where you want and we will do an equity stake. That way you can choose we’re you live and they still have a stake in property and we both win.
can you make a video about Local Authority Home Loan Scheme, how it does work
It’s now something I have a huge amount of experience in.
Great video 👏🏼
Thanks a mil
The government's intervention never solves any problem and more than likely makes it worse. See similar programmes in UK as a gauze for potential outcome!
Fair play pal
Thanks
The Development Contribution should be abolished it’s a Dick Turpin tax, this is a stick up tax. Every so called “developer contribution” is paid for by the purchaser or the renter who have already funded the infrastructure through PAYE VAT and a myriad of taxes.
There should be off the shelf designs available to prospective builders which are “guaranteed planning permission, pending a site inspection as regards suitability. This would fast track panning but would not be popular with the RIAI.
Developers contributions and vat must make up nearly 20% of the total costs of apartments in Dublin. I agree the development plan should set some standards and if the design is inside that standard then planning should be guaranteed
Good video. Off topic, do you think Evergrande collapse will impact the global property market including Ireland? A lot of chinese developers have been purchasing tonnes of Irish properties during the past decade
I was going to leave this topic alone, but I have had a few questions about it. I might put something together over the next few days. Most of the Chinese investors in Ireland were cash so shouldn't have that big of an impact, it who knows
What is the difference between affordable housing and social housing?
Affordable, owner buys at a discount. Social government gives house to people that can’t afford to buy.
do you need leaving cert to become an estate agent?
you need to complete a minimum of a 2-year college course, I am not sure what the minimum requirements are to enter that course. The IPAV will have guidance
@@shaneflemingre ok thank you so much
I do have a video on being an agent in Ireland on this channel
Let me know your thoughts on the housing for all plan
Why do you believe that Planning is the root cause? Especially compared to cheap money and lack of restrictions on vulture funds in recent years?
Because it is the biggest risk. If you ever try get planning permission for a large scheme it takes years. A good result could be 3 years in design and planning stage for a large scheme.
It's a risk only to some property businesses though. From the view of home buyers, the biggest causes for property going out of reach quickly in recent years might be 1. excessive borrowing at negligible interest that large businesses have access to, unlike most buyers who have severe limitations on how much they can borrow 2. lack of limitations on foreign buyers who buy and hold properties to take advantage of increasing prices (and only willing to let out at ridiculous rents that most can't afford).
If these two factors were controlled, there's no way properties would be anywhere as expensive as they are today (and even though house building is important and should increase, that's a red herring in terms of action that the government can take in the here and now; they've always used the tired old argument 'we can't build houses overnight' for way too many years now).
It may be only a risk to some property business but it delays supply for years.
What good is supply if vulture funds buy it up? House prices will still remain high and continue to increase. The first govt action needs to be to regulate the funds - starting by making them pay a reasonable level of tax.
This is rubbish. You can't build corporation government housing estates because they form a culture that votes for SF or any opposition. You need diversity with new housing developments such as 1 House is government owned and next 3 are private sales. We need 100,000 emergency hostel space for refugees to be built to manage rolling crisis issues so that hotels remain to service tourism and rental remains to service workers and students. Obviously I want more homes built so prices are lower. People should own 3 homes not 1, like holiday home and city flat. We are limited by vote fears and corporate growth strategy causing fears that stagnate developments.
Is the video rubbish or the Housing for All plan?
or both, LOL