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 Post subject: Re: 'Help to Hoard' - How Government made the Housing Crisis
PostPosted: Sun Aug 27, 2017 3:41 pm 
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Foyboy wrote:
They won't work to make a living, it's to make a profit.

They are the same thing.

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 Post subject: Re: 'Help to Hoard' - How Government made the Housing Crisis
PostPosted: Mon Sep 04, 2017 11:45 pm 
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There was some interesting items on Radio 1 today. An eloquent secondary school child spoke on Morning Ireland about how terrible it was to be homeless and she cried. It was replayed on the News at One and Eoghan Murphy responded saying "that interview changed everything" "we must do more"

It begs a few questions
- it takes an eloquent middle class sounding child to get through to Eoghan Murphy ?
- is he going to rescind/override any of the Help To Hoard policies instituted by Noonan ?
- Are Fine Gael actually going to radically interfere with private property rights ?


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 Post subject: Re: 'Help to Hoard' - How Government made the Housing Crisis
PostPosted: Tue Sep 05, 2017 8:41 am 
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Location: Somewhere up in the hills
At least Eoghan Murphy has first hand experience of the horrors of the Fine Gael Housing Crisis. Only last year he went through hell and back buying one. Apparently he went to a lot of viewings, poor lad.


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 Post subject: Re: 'Help to Hoard' - How Government made the Housing Crisis
PostPosted: Tue Sep 05, 2017 8:18 pm 
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Real Estate Developer

Joined: Mar 17, 2008
Posts: 913
GameBlame wrote:
There was some interesting items on Radio 1 today. An eloquent secondary school child spoke on Morning Ireland about how terrible it was to be homeless and she cried. It was replayed on the News at One and Eoghan Murphy responded saying "that interview changed everything" "we must do more"

It begs a few questions
- it takes an eloquent middle class sounding child to get through to Eoghan Murphy ?
- is he going to rescind/override any of the Help To Hoard policies instituted by Noonan ?
- Are Fine Gael actually going to radically interfere with private property rights ?


Remember an issue only becomes an issue when either a relative of a TD or somebody who speaks with the same accent as a TD is affected.
Homelessness and the rental crisis always becomes an issue in September when the TDs kids are looking for a gaff to stay in during college. This sh** has being going on for the guts of a decade, could have been solved in two years and has been wilfully ignored by the political class.


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 Post subject: Re: 'Help to Hoard' - How Government made the Housing Crisis
PostPosted: Sat Sep 09, 2017 4:58 pm 
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Too Big to Fail

Joined: Feb 6, 2007
Posts: 4199
Coles2 wrote:
In the current edition of the construction industry magazine PassiveHousePlus there is an excellent article by Mel Reynolds outlining the deliberate policies that have been introduced by the Fine Gael government to encourage hoarding of land and ensure that only a paltry supply of new housing would be made available. Some of us here have been pointing these policies out for years but it is good to see that they are finally getting a more widespread airing.

I would urge everyone with an interest in the Irish and UK property sector to subscribe to this magazine.

Capital Gains Tax Exemption 2012.
Section 604A of the 2012 was brought in to encourage the sale of sites by NAMA at fire-sale prices and the hoarding of those sites for 7 years in order to avail of a zero rated Capital Gains Tax.
Only 8800 new units have been constructed since then.

Vacant Site Levy Tax 2016
Posponed until 2019, and when they are finally introduced they will be easy to minimise by structuring the funding appropriately. Ideally designed to allow land hoarders to benefit fully from the 2012 CGT exemption.

Capital Gains Exemption 2016
Section 739k of the 2016 Planning Act is a further five year CGT exemption to encourage the hoarding and non use of development land. The 5 year period starts from the date of purchase and is designed to prevent a glut of property from undermining values at the end of the 2012-2019 scheme. Revenue commented that this would act as a "lock on the residential market".

Planning and Development (Amendment) (No.2) Bill 2017
The 'don't use it, don't lose it' bill. It allows 10-12 year old planning permissions to be extended further with no pressure on the land owner or developer to actually build.

That's a rough summary of the article. Worth reading the original.

The only sector of society that benefit from these policies are land speculators and landlords. Tenants and young couples seeking to enter the market are being completely screwed, and because the policies are distorting the market to such a massive degree ultimately they are unsustainable and this bubble will burst.

Don't forget leaving foreclosure channel to be completely blocked choking transaction volume.

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 Post subject: Re: 'Help to Hoard' - How Government made the Housing Crisis
PostPosted: Wed Jan 10, 2018 9:45 am 
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Two Dublin authorities fail to list any sites on land-hoarding register

https://www.irishtimes.com/news/environ ... -1.3350053


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 Post subject: Re: 'Help to Hoard' - How Government made the Housing Crisis
PostPosted: Wed Jan 10, 2018 10:19 am 
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TheJackal wrote:
Two Dublin authorities fail to list any sites on land-hoarding register

https://www.irishtimes.com/news/environ ... -1.3350053


I can only read the headline and first sentence since I'm not a subscriber but FFS

Can I guess that the excuse will be lack of resources/trained staff ?

Edit: Never mind I found the full story. It looks like something is happening at least

Quote:
Fingal County Council said it had notified 25 property owners that it is proposing to enter their lands on the register. “These sites are under ongoing assessment for the purpose of inclusion on the Vacant Sites Register,” the council said. “The relevant sites will be included on the Vacant Sites Register on completion of this process.”


Quote:
Dún Laoghaire-Rathdown said it had notified “the purported owner(s) of a first tranche of sites” and had received submissions in relation to these sites, which it was currently assessing. “A decision on whether or not to formally enter all or some of these sites on to the Vacant Sites Register is imminent.” The council said it was also preparing documents in relation to a “second tranche of sites”.


No indication from Dun Laoghaire what constitutes a tranche but at least something is going on.

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The real damage is done by those millions who want to 'get by'. The ordinary men who just want to be left in peace. Those who don’t want their lives disturbed by anything bigger than themselves. Those with no sides and no causes. Those who won’t take measure of their own strength, for fear of antagonizing their own weakness. Those people who roll up their spirits into tiny little balls so as to be safe. Safe?! From what?
Sophie Scholl


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 Post subject: Re: 'Help to Hoard' - How Government made the Housing Crisis
PostPosted: Wed Jan 10, 2018 1:08 pm 
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Under CAB Investigation

Joined: Apr 9, 2014
Posts: 1901
Dubhgeannain wrote:
TheJackal wrote:
Two Dublin authorities fail to list any sites on land-hoarding register

https://www.irishtimes.com/news/environ ... -1.3350053


I can only read the headline and first sentence since I'm not a subscriber but FFS

Can I guess that the excuse will be lack of resources/trained staff ?

Edit: Never mind I found the full story. It looks like something is happening at least

Quote:
Fingal County Council said it had notified 25 property owners that it is proposing to enter their lands on the register. “These sites are under ongoing assessment for the purpose of inclusion on the Vacant Sites Register,” the council said. “The relevant sites will be included on the Vacant Sites Register on completion of this process.”


Quote:
Dún Laoghaire-Rathdown said it had notified “the purported owner(s) of a first tranche of sites” and had received submissions in relation to these sites, which it was currently assessing. “A decision on whether or not to formally enter all or some of these sites on to the Vacant Sites Register is imminent.” The council said it was also preparing documents in relation to a “second tranche of sites”.


No indication from Dun Laoghaire what constitutes a tranche but at least something is going on.

Local council politics will prevent to many sites being recorded on the register.


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