Isaw posted a humorous tweet following the announcement that Nphet would be charged and would eventually disband. The tweet included a cartoon drawing of a hand scraping the word ‘health’ out of the Nphet symbol and replacing it with the word ‘housing’. It got me thinking about whether a housing emergency team is really something the country could benefit from. Will having about 30 experts in housing provision, city planning and construction help solve what is becoming the biggest voting issue of our time?
I’m not sure. One thing that always seems to be left out of the debate, like the elephant that resides in the room, is that if houses are to become affordable for everyone, then prices will have to come down. And, if the price comes down, it results in those who already own the home losing some of the property’s current value.
That’s the biggest part of the problem as i see. As long as people are buying homes as assets – things that will appreciate and increase in value, and possibly reduce financial stress in retirement – no one will work to bring down property prices.es. There are more homeowners than people looking for homes, and power is always in the majority.
I read the Government’s Housing For All plan just to get a real feel for what was being proposed. To be fair, it’s a noble and ambitious document. Its purpose, written in gold font over several pages, says: “Everybody in the State should have access to a home to buy or rent at an affordable price, built to a high standard and in the right place, providing quality of life.”
It sounds great, so when can we expect it? When will housing be a topic of media discussion in the past?
This is the largest building program in history of the country and promises to have 312,750 new houses from now to the end of 2030. In the coming time eight years, Government has committed to deliver between 33,000 and 40,000 homes per year. I have a rudimentary understanding of economics, mainly from my economics teacher at Leave Cert and a series of podcasts. Economics and politics seem to agree that what is driving house prices up is demand that is outpacing supply and growing exponentially.
Whenever something is supplied more than is demanded, the price will drop. Get back to thinking about how much stores charged for a box of masks at the start of the pandemic – that’s bananas. Now that the mask regulation has been lifted, stores cannot ship boxes of masks, even with huge discounts. There is no need. If there are more homes than people are buying, as part of the Housing For All plan, prices will naturally drop. This includes the prices of homes that existing owners and owners can hope to sell in the future.
The plan is to deliver new homes in the areas with the biggest problems with affordability at an average price of €250,000. I own a home in one of these areas. I bought it in 2018 and paid so much more for it. I don’t know, the bank did, but I’m paying it back.
If this goes according to plan, the average price of these affordable homes will mean that when I sell my home – a former council home in the Dublin 7 area – people would not choose to pay more than that. my price. Why would they?
We must reconcile the fact that we all have a role to play in resolving this crisis. By accepting and welcoming the decline in the value of our homes and not opposing developments in our area, we can make great strides in supporting home ownership and increasing affordability for thousands of people, mostly millennials, who have been left without market housing due to the underinvestment model of previous governments.
We need to let go of the attitude ‘not in my backyard’. Opponents of licensing plan developments that could alter their vision, encroach on the beauty of their suburbs, or reduce competition for properties within their zip code. are causing the exact problems we all know need to be solved. These attitudes show us that once people have a home, they close the door and don’t care about others trying to get up the ladder. Can we start seeing homes as places to live and stop treating them like cash cows in the future?
https://www.independent.ie/opinion/comment/homeowners-have-a-part-to-play-in-solving-the-housing-crisis-stop-the-nimbyism-and-view-your-property-as-a-privilege-not-a-cash-cow-41423268.html Homeowners have a part to play in addressing the housing crisis. Stop Nimbyism and treat your wealth as a favor, not a cash cow