I’m zen as can be at the moment.
Middle aged people dictating how younger people should live.
There’s a market for co-living spaces. If there isn’t then they won’t succeed but ruling them out for ideological reasons is daft.
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Why would they do it if they didn’t plausibly think there would be demand ? Like it’s their capital being risked
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I honestly don’t think people know what these co-living spaces are. The fear of them is bizarre, they must think they are like hostels or something.
It’s basically a fancy student house. Be savage craic for 20 somethings
Ok, so basing any policy on current demand in a crisis isn’t a wise thing to do long term.
Demand exists because we have a housing crisis. It seems that the view has been taken that these are not a type of development that we want to be a major feature of the housing market in the long term. Case studies have been done on examples in London in particular and they were considered not desirous.
Co-Living sounds pretty good for someone in their mid 20s or a young person who has moved to the country for work.
I’d say a serious amount of iron to be got in them.
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I dont get the absolute angst against co living either. Its not a long term solution to the house shortage crisis, but it is a very cost effective way for a young person to get a decent place to live. Far cheaper than an apartment or a house. As mentioned, if the market isnt there, it wont succeed. And that goes whether there is a shortage or not. It is for a specific market and is not for everyone, but is there even a thousand units in the country? They probably wouldnt be great in this covid 19 times alright too, but fuck it you cant live your whole life based on that either.
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The covid has done for this lark
As I understand it, case studies in other cities led the minister to the view that units were neither cost effective (for the renter) or a decent place to live.
Then they’ll fail, the developer will lose their money and someone else will come in and convert to something else.
Ah, so the market will fix it?
You get that relying on the market to solve the problem is what had brought us to a crisis, right?
You’ve actually grown up before us on this site. I remember when you were only a chap…
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It’s been a long 12 years
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As I understand it - the minister doesn’t seem like a deep-thinking “case-study” type, more a “which way is the wind blowing” political shapeshifter
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I don’t think that’s strictly true. If the market could act unfettered then supply would be much higher than now and could be closer to meeting demand. However a whole series of restraints, primarily planning, mean that supply of housing isn’t a free-market. One could argue that successive gov interventions have substantially distorted the supply of housing, both up (noughties) and down. Of course your solution is ever more government intervention …
A new affordable housing plan that will see the State take up to 30 per cent equity in a home with a first-time buyer is set to go to Cabinet next week.
The Minister for Housing, Darragh O’Brien, said the State will put in up to 30 per cent of the equity to help finance the purchase of a new home, and, when it comes to eligibility for the scheme, there will be “no arbitrary salary caps”.
He said the heads of the Bill will be discussed by Ministers next week and the legislation will come before the Dáil in 2021. If the scheme is up and running by next June or July, some 2,500 homes will be supplied in the 12 months that follow.
“We haven’t had an affordable scheme since the mid-2000s. The heads of the Bill are going to be with Cabinet next Tuesday and then we have a little bit of work to do with the European Commission in January. There are some state aid rules we need to deal with,” he told The Irish Times.
“We are looking at a shared equity type arrangement. There will be no arbitrary salary caps, that’s what’s really important. If you are a couple working in two decent jobs, they’re going to be [earning] over €75,000. They are left renting, paying an exorbitant rent, and they can’t save enough [to buy].”
Eligibility
In terms of the full details around eligibility, Mr O’Brien said these will be set out in separate guidelines to the legislation itself.
“The reason I’m doing that is because I want to be able to have the flexibility to vary the eligibility from time to time. If you tie the eligibility into the legislation, every time you want to change it, you’ve got to go back in.
“What we’re basically looking at is up to 30 per cent of a home that the State will take equity in. Is this open to singles and couples? Absolutely, it is. It’ll be open to predominantly first-time buyers initially [and] there would be some exceptions.
“In some instances people won’t want the full 30 per cent State equity, maybe the affordability gap is smaller so they might go for 10 per cent or 15 per cent equity.”
He said a similar scheme in Britain increased supply by 50 per cent. “And it didn’t lead to any house price inflation – this one would not either.”
Mr O’Brien also said he will bring legislation to Cabinet next week to place the Land Development Agency on a statutory footing to oblige it to deliver affordable housing on State land.
So they want you to pay 70% for a council house .
Where you seeing council house?
Any good site online that has a blank residential leasing contract to download?