I often had the read the newspaper a second time to put down the time.
2 Likes
HEOs still get it I think. Lovely grade. Just the right amount of pretend responsibility
2 Likes
I see Bando had the same idea 
ok, that screams he is a problematic employee
2 Likes
Of course they didnt believe. Its been demonstrated time and time again that developers arent bothered following regs,
Some APs have it as well, theres moves to bring it back for those that want it. Im on rhe road so much i dont need it.
AP is the correct balance of remuneration and responsibility
Jackpot!
HEO with pensionable allowance and some travel was always the sweet spot … some great ones in Revenue …more or less same pay as AP…
2 Likes
I should have the allowance by the end of the year and im hoping for AP(H) in the next 5 years, so ill be pulling in PO money without the hassle
2 Likes
https://www.instagram.com/p/CqkMcofsusn/?utm_source=ig_web_copy_link
this lad is an absolute spoofer…
1 Like
Chapter one. Write a book to take money off idiots.
2 Likes
all the pertinent tips would fit on an A4 sheet
never knew this lads sold himself as an advisor. I see his tweets every so often with dodgy bedsits and stupid prices, but it seems he has now pushed on and seen himself as an advisor on house finances. If he wrote a book on ridiculous house prices, it would be one thing. A book on how to buy a house? Fucking hell. Fair play to him if he gets a wedge out of it.
1 Like
Semi-popular social media pages now seem to be fodder for publishers now, get the account personality to churn out any old shite related to their social media account and it’ll sell. Pop a colourful cover on it if you really want to push the boat out and hit the Easons Top 30 chart.
3 Likes
Very interesting podcast series with Rich Larkin, a developer. It will be of course be dismissed by the usual suspects but episode 1 with the Hines CEO is a must listen for anyone who wants to go beyond the magic beans discourse on housing in Ireland.
-
it was easier to develop in Communist Russia in the early 1990s than Ireland now
-
Ireland is great if you want to invest in the cloud, not so great in the ground
-
Post financial crisis Ireland decided to go to being a high standards and highly regulated housing market to avoid “ghost estates”. Local authorities applaud themselves for having housing caps in their plans in their local areas with there being a complete dysfunction with societal and national need that is rewarded locally (property values going up and votes for councillors)
-
Ireland is 19% more expensive to build an apartment than our peers in Copenhagen etc because we demand such high standards including larger floor space
-
it is 60% more expensive to build now than in 2008 despite component costs being relatively stagnant. Soft costs and regulatory costs have gone through the roof
-
there is no appetite to reduce standards here so the only way around it is to build at volume and high prices and take people who can afford it out of lower standard housing and into higher grade housing, freeing up housing below that
-
they use the example of the second hand car market post Brexit and the chip troubles. Supply plunged and now second hand cars are holding value because of scarcity
-
given Ireland requires enormous amounts of capital to develop, we require overseas investment from pension funds as we simply cannot fund it ourselves. Post the GFC few pension providers will advise anyone to invest in the domestic market and leave yourself doubly exposed to a domestic market. This is the same all over Europe so German pension funds will look elsewhere in Europe to invest. Ireland is a beneficiary of being in the single market for capital and being a strong economy makes it attractive to invest in
-
those against “foreign capital” who demand the State funds all construction don’t seem to realise that the State raises their funds from foreign investors as well
They use the Hines lands at Cherrywood as the example of some of these issues, and where they were criticised.
-
costs don’t go away, just the burden of them. Those who objected to water charges have foisted it upon younger people buying houses as it costs €5,500 for a water connection in Ireland vs. €500 in the U.K. in order to make up some of the difference. There is a LUAS line levy of €7k per unit. The objection to proper property taxes and water charges has meant the guy living a couple or KMs further north of Cherrywood with a swimming pool in Foxrock gets water and infrastructure paid for him by younger people up front at a time when they can barely afford it
-
councils charge €17k per unit for the construction of parks etc. Rather than giving them bond raising powers and to charge proper local taxes to pay for amenities over 100 years, we foist the capital cost on the first time buyer
Those costs are easier to absorb for a fund but there is a limit to that with rent caps and interest rate rises.
Another example is the Players site where local vested interests pooled together to block it. They worked with Dublin City Council who wanted to stunt density and national policy that wanted more density. 2k homes delayed including 600 Council ones. The cost of this was €1bn - eg €500k a unit. They are three years into this but might not get on site until 2025, 10 years on from when they acquired it.
Another example is Cloniffe Road where 20% would be social and affordable housing. They hired international architecture firms to an achieve high quality including preservation of the historic parts of the site. Political objections came that there were no family units there despite 20% being social and affordable housing as DCC would prescribe. Points out that 80% of the demand in Dublin is for 1 and 2 bed apartments with Dublin needing few houses in the medium horizon to meet demand.
Very interesting podcast- no surprise it has come from the industry rather than the media.
13 Likes
Plenty of this type of stuff under construction and nearly completed because of Eoghan Murphy’s reforms. Of course because of his accent and vested interest the policy changes that he made that delivered any sort of supply to the market being delivered right now is about to slow right down.
460 units with probably 1,500 to live here, unlocking many of the family homes surrounding Sandyford for actual families and not 4-6 people (or worse) sharing a 4 bed house.
Yeah but where is the back garden? Cant have a house if it doesnt have a garden or driveway. They are too tall too. Not in keeping with the area. And the roads cant handle the extra traffic. These developments need to be stopped, particularly for those already living in the area
5 Likes
Sure all the units will be bought by Vulture funds with extortionate rents and management fees. And sure they’ll inevitably have fire and water ingress issues in years to come. Better off knocking em to the ground
1 Like
Dublin City Council already objected to apartments on Henry Street so let’s see how this goes.