Things that make you go What the F**k?

[seafoid]

The financial crisis that just started will result in higher mortgage rates.

[LC]

Current house prices in NI are unsustainable let alone in RoI.

A reset is inevitable if not required so that our own kids have half a chance of owning their own house.

Some fairly modest new builds our own town are now over £400k, even a 5% deposit is £20k.  When you throw in stamp duty, legals and £ for basic furniture you would need at least £40 - £50k of your own money gathered up outside what you are borrowing.

[Milltown Row2]

What is driving the costs up? Labour/materials/location/demand/greed

If a 'reset' comes about what's going to come down? Cost of materials the demand for housing the cost of labour and then the knock on effects from that..

Did the price of housing drop after the last reset? Did they drop to the rate it was before the last collapse?

[Tony Baloney]

Current house prices in NI are unsustainable let alone in RoI.

A reset is inevitable if not required so that our own kids have half a chance of owning their own house.

Some fairly modest new builds our own town are now over £400k, even a 5% deposit is £20k.  When you throw in stamp duty, legals and £ for basic furniture you would need at least £40 - £50k of your own money gathered up outside what you are borrowing.

Crazy the number of million pound houses about the place. Apartments in Portstewart/Portrush on the market for guts of a million. Crazy stuff.

Fella in work has been looking at houses and he said anything "modestly" priced around 250k are either subject to bidding wars or being bought almost instantly.

[johnnycool]

What is driving the costs up? Labour/materials/location/demand/greed

If a 'reset' comes about what's going to come down? Cost of materials the demand for housing the cost of labour and then the knock on effects from that..

Did the price of housing drop after the last reset? Did they drop to the rate it was before the last collapse?

Down our way it's the lack of a sewage system that's fit for purpose preventing anyone from building a house or even some developers from starting builds.

No new housing means a bigger pool of people are chasing whatever comes on the market and pushing the prices up.

Shít show.

[Milltown Row2]

What is driving the costs up? Labour/materials/location/demand/greed

If a 'reset' comes about what's going to come down? Cost of materials the demand for housing the cost of labour and then the knock on effects from that..

Did the price of housing drop after the last reset? Did they drop to the rate it was before the last collapse?

Down our way it's the lack of a sewage system that's fit for purpose preventing anyone from building a house or even some developers from starting builds.

No new housing means a bigger pool of people are chasing whatever comes on the market and pushing the prices up.

Shít show.

Yeah there's another factor, for all the land that is 'available' servicing that puts bigger demand on the infrastructure to enable it

[LC]

What is driving the costs up? Labour/materials/location/demand/greed

If a 'reset' comes about what's going to come down? Cost of materials the demand for housing the cost of labour and then the knock on effects from that..

Did the price of housing drop after the last reset? Did they drop to the rate it was before the last collapse?

Down our way it's the lack of a sewage system that's fit for purpose preventing anyone from building a house or even some developers from starting builds.

No new housing means a bigger pool of people are chasing whatever comes on the market and pushing the prices up.

Shít show.

Probably the reason why rents are shooting up as well, 3 bed semis around our way are north of £800 per month. If you are in the position of trying to manage this, car payments and possibly student loan you have not a pups chance of saving up for a deposit. 

[thebigfella]

Current house prices in NI are unsustainable let alone in RoI.

A reset is inevitable if not required so that our own kids have half a chance of owning their own house.

Some fairly modest new builds our own town are now over £400k, even a 5% deposit is £20k.  When you throw in stamp duty, legals and £ for basic furniture you would need at least £40 - £50k of your own money gathered up outside what you are borrowing.

Maybe that is the issue. I'd argue that a basic right for an home or housing is not the same as the right to own a house.

The expensive areas will continue to be expensive due to demand and lack of supply.

[tyroneStatto]

"The housing supply in Northern Ireland is going to become so short, demand will continue to rise, both in social and private housing, that prices are going to go through the roof," he said.

"No-one's going to get on the housing ladder. If you have young children, or even if you've kids that are at university age, the likelihood of them getting that home will only become increasingly unlikely year after year after year, because there will be less and less new homes built."

https://www.saffronwaldenreporter.co.uk/news/national/25725743.ni-house-builders-warn-bleak-future-crumbling-wastewater-network

https://www.bbc.co.uk/news/articles/cly9z7qjjldo

[Milltown Row2]

So are we happy to take on a water tax to help with the future of our children's ability to get on the property ladder?

[Hereiam]

No new housing developments are getting through planning in the majority of towns in the north at the minute as NI water wont grant a sewage connection. This even applies if you want to do a change of use from offices etc to apartments. I dont think people realise the issues that this is going to cause in the near future.
NI water are calling the shots.

[Tony Baloney]

No new housing developments are getting through planning in the majority of towns in the north at the minute as NI water wont grant a sewage connection. This even applies if you want to do a change of use from offices etc to apartments. I dont think people realise the issues that this is going to cause in the near future.
NI water are calling the shots.

Presumably because they lack the infrastructure for additional load on the system?

[Silver hill]

So are we happy to take on a water tax to help with the future of our children's ability to get on the property ladder?

Yes. This is a result of continued underinvestment in our sewage and water treatment for 50 years combined with a head in sand mentality from Sinn Fein /DUP when in power as neither want to bring in an unpopular tax that would cost them votes.
There's also a wider issue whereby a reliance on benefits and funding during the Troubles leaves the majority of people here wanting everything for nothing. Massive lack of leadership in both parties.
As well as water, we should be paying a nominal fee for prescriptions and for A&E visits.
The fines for farm pollution should also be increased five fold with jail a possibility for repeat / serial offenders.
Housing Exex remit should also be widened to allow purchase of land and build of houses to rent. That would also rely on a relaxation of planning laws which should be facilitated as we a basically in the middle of a housing crisis.
We should also be fast tracking planning for renewables, especially off shore wind. We should not be held to ransom for heating and oil prices by a despot dictator thousand of miles away. The crux issue is short term thinking and political survival instead of long term planning for future generations.

[93-DY-SAM]

So are we happy to take on a water tax to help with the future of our children's ability to get on the property ladder?

I think people would be happy to, but what pisses people off no end is the absolute waste and disregard for how these organisations spend public money. With water companies in England being a prime example of this. The public sector itself needs a major overhaul to streamline it and cut waste. But some of these departments are absolutely massive, and it is one hell of a job to try and cut waste in the NHS, for example; people prefer to take the easier road and throw more money at it. It would take a decade of major transformations if the will was even there in the first place. Given that governments in the UK change with the wind and in the South it's a monopoly for FF/FG, why would they bother? That's all before we even get anywhere near Stormont.

[Mourne Red]

So are we happy to take on a water tax to help with the future of our children's ability to get on the property ladder?

To clean up that shitshow of Lough Neagh and develop houses for the kids in the future absolutely.

Councils need to stop stupid f**king vanity projects though and put the money into infrastructure