In a new report, the Institute also maintains that increasing output would not necessarily lead to significant wage inflation in the construction sector.
It takes the construction of 25,000 units a year as a base case scenario and asks what might happen if that output were increased by 10,000 units a year for the rest of this decade. The ESRI finds that it would bring prices down by 12% by 2030 but wages in the sector might only rise directly as a result by just 1%.It suggests that construction trades should be placed on the Critical Skills Employment Permit programme to attract workers from abroad as Ireland could need 60,000 construction workers by 2025.
Source: Real Estate Daily Report (realestatedailyreport.net)
And by 50% if all the vacant properties were forced on to the market so people can have a home
And if my auntie had balls she would be my uncle.
If ifs and buts were pots and pans, there would be no need for builders hands.
It’s BS. What if inflation is running at 4% Pa between now & then
They basically want to import cheap labour outside the EU
Could
fffg have sold off these developments to cuckoo and vulture funds.this is an attempt to smooth over the emergency
How about FFG just stopping hedge funds, (REIT's), speculators, Vulture & Cuckkoo funds from buying vast quantities of new housing developments of family homes?
Researching like it’s 2008 again.
That’s assuming increased supply wouldn’t be instantly or near-instantly met with proportionally increased demand to effectively cancel out any such effect. - Current Gov. Policy tells us we can’t rely on such assumptions.
'if', 'could'... Another propaganda article to diminish the impact of the housing crisis and the HUGE requirements on gvmt in order to resolve it! We need at least 50K per year if we are going to keep up with demand, let alone to reduce prices by much
Amend National Planning Framework 2018 curtailing key supply. councils compliance with Core Strategy, RES ,NPF 2018 = residential zoned land been dezoned by ministerial order . How can we reach housing targets under NPF gov policies DarraghOBrienTD
Sure we don't want to build anything, we just want to whinge about high prices and low supply. If we were serious about the issue, we would be changing laws, planning approaches and streamlining development but alas, we are not!
Great, let's do it.
Imagine that 👀 An economic research organisation coming to the conclusion that the law of supply and demand is real Remarkable! But doesn't this mean that 'housing experts' like EOBroin RoryHearneGaffs & Orla_Hegarty are talking complete nonsense Say it ain't so!
No akshually what would happen is that the houses would just be filled with transient tech workers who materialise out of thin air or else greedy vultures would buy them and leave them empty That's what O'Broin, Hearne etc say anyway. What we need is a state builder 🤪🤪
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