Will this mean more housing or is it a HANDOUT to Developers?
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- čas přidán 10. 09. 2024
- "🚀 Breaking News for Homebuyers and Builders! The government has announced an extension of the development levy waiver, promising a significant boost to the housing supply with an ambitious target of 50,000 new homes. This move, costing the state €240 million, translates to just €4,800 per unit-a small price for a massive gain in housing availability.
In this video, we dive deep into how this policy change impacts everyone from first-time buyers to seasoned developers. We'll explore the balance of state taxes and charges that typically make up 30% of the new housing cost and discuss the critical role these levies play in the broader economy. Is this just a temporary fix, or is it a step towards sustainable housing solutions?
🔍 Key Points Covered:
Overview of the Development Levy Waiver
Financial implications for homebuyers and developers
Potential impact on the housing market and overall supply
Viewer engagement: Are these measures enough to tackle the housing crisis?
💬 We want to hear from YOU! Do you think this policy will help achieve the target of 50,000 new homes? Will it mainly benefit developers, or can homebuyers expect to see real advantages? Join the discussion in the comments below.
👍 If you find this analysis useful, please like, subscribe, and hit the notification bell to stay updated on all our latest content focused on real estate and economic policies.
#HousingCrisis #RealEstateDevelopment #GovernmentPolicy #Homebuying #EconomicImpact"
My name is Shane Fleming a chartered property expert with over 18 years of experience in real estate, a degree in property economics. The views in these videos are my own and are just entertainment, do advice provided.
Follow us at
/ flemingrealestate
Website:
www.propgen.ie
While it does not solve the problem, it is a step in the right direction. The government cannot be afraid of supporting businesses that actually deliver housing.
If the government directly pays for 50 thousand homes they will get 50 thousand homes. On the other hand freezing development levies may help the private market but by how much if they think 15 grand will bring out the buyers (I some how doubt it), and that's if the savings are passed on by the builders, and it doesn't sound like that is the intention, the intention if I understand from the video is to make it profitable to build. Simply the cost of construction is completely out of sync with the average wage, and that's why the vast bulk of units presently constructed are council houses. Need some plan to shave off 100 grand off each unit and even that much wouldn't guarantee success imo
Rabbit hole goes beyond demand and supply, speaking about government - whats the point to charge high tax on rental - that as one of the factors inflate price up to the sky - to then - for the same tax money pay money back in haap that inflates the price again to the people that cant pay the price inflated for the same reason ?
The story of whole of irish property market is both hilarious and tragic , absolute carnage without any logic , sense or morality in it whatsoever
Why can't the government simply build homes instead of depending entirely on the private sector? It's not like this fully privatising property has worked out too well for western civilisation. Likewise, for the Far East. Take Japan for example. It has been an unmitigated disaster for them demographically. It just leads to massive wealth inequality and demographic decline.
So you are saying that the houses should be owned by government and slaves will live in them? And if you do anything that they don't like you will be out? There is such system, it i called communism, read abut it. It makes people equal as you want, they are all equally poor.
Who in your opinion should pay for it? Taxpayers who already pay 52%? How much should they pay 80%? What is the point to event work in such country and try to progress if everyone would get the same?
I wouldn’t say the private sector failed, I would say the government failed by over regulation.
@@user-mb3vz1dm5u A balance of public and private, like the system we had in the 80s when you didn't need lottery money to afford somewhere to live. The current system isn't working, it is only leading to a wealth transfer to a handful of people who are gobbling up all the assets, including property.
@@user-mb3vz1dm5u What's the point working now when so much of it is handed over to landlords? A massive wealth transfer from the productive to the already haves who will only have more.
The system we had in the 80s was more effective than what we have now. It's a balancing act of public and private housing. Too much of each simply doesn't work for society.