Risks to new social divide due to housing crisis

The burdens of the housing crisis continue to have an effect on everyday life. More homes are being built to slowly reach the immense demand for housing. In the month of March of 2019, more home were built than were sold.

Although more homes are being built, houses are still too expensive for an average couple to buy a first time home. Builders and developers are hoards land, and this keeps prices high. According to economist, Richard Curran, Ireland is headed for another crash. Curran believes there is a bubble in the housing market. Rents are rising too high while cuckoo funds are buying up too many apartments which causes first time buyers to be pushed out of the market. Furthermore, supply of housing is increasing but not enough to keep up with growing demands.

The number of homes are increasing, however these homes are not demanded. The homes built this year are too expensive and in inconvenient locations. Housing prices are likely to severely crash just as they did in the past.  There are fewer homes being sold at …

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Ireland vs US: Wholesalers

What does it mean to buy in bulk? There are many different definitions depending on the social and cultural norms of a country. Normally, these intermediary entities are referred to as wholesalers.

Wholesalers are businesses that purchase large quantities of goods at lower manufacturer prices and sell them to retailers or in some cases, directly to consumers. The prices that the products are sold are usually lower, given the high quantity of product that a person or company is buying at one time. These wholesale stores generally help to eliminate a lot of the hassle that is associated with working directly with manufacturers.

Large manufacturers have been able to increase factory gate prices by 0.3pc within the month of May. This increase is less than the 0.8pc increase that was achieved in May 2018. Furthermore, the total percentage decrease for 2019 has been totaled at 6.3pc, which is 0.4pc more than it was this same time last year.

These Central Statistics Office findings seem to be reporting that Irish manufacturing is not growing as steadily as it was in the …

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Ireland vs US: Public Transportation

Temporarily moving to Ireland has taught me more in my first three weeks than I had ever anticipated. One of the largest improvements to my life, in my opinion, has been the accessibility of public transportation. These bus systems and railways extends all across the country, allowing a person without a car or irish license the opportunity to explore many different parts of Ireland.

Additionally, this transportation is efficient and timely. The schedules are always available at stops or on mobile devices, giving travellers a very clear idea of when and how to get from one place to another.

At some point in these three weeks, I have really begun to understand where the busses go, what time they will be at the stop I like to use, and on average how long it will take for me to get back home. These instincts have taken time to develop, but they have allowed me to become a more independent and confident solo traveller, even if it is just solo travelling in Dublin.

My university in Ohio …

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OPW’s failures in property management – overpaying for properties

A former employee of the Office of Public Works (OPW) will discuss in a private session of the Public Accounts Committee (PAC) that they have shown to have immense failures in the property management unit.

The main purpose of the OPW is to support the implementation of policy. The Office of Public Works also advises the Minister and the Minister of State in property. This property includes heritage properties and flood risk management.

The former employee worked in the property management unit. The previous employee revealed that the Office of Public Works wrote numerous reports that showed the shortcomings and failures in the way that the OPW deals with property.

The OPW has been under recent pressures due to the move of the Department of Health headquarters onto Baggot Street. According to the PAC, the move led to an overpayment of €21 million. The former employee will assess on the value of money in the OPW’s total property and report to the PAC related to the overspending of OPW. According to the employees report the overspending of a single session exemplifies …

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Housing crisis only expected to get worse until 2023

According to Focus Ireland, the most optimistic statement on housing released by the government reveals that the housing crisis will continue get worse until 2022 or later. This statement is considered very optimistic as housing issues will likely progress into 2023.

The Department of Housing targets 48,000 new home completions by 2023. If this target is achieved, 2023 could be the first time that housing supply could potentially exceed housing demand. Figures provided by the Department of Housing have shown the first time that an admission denoted housing and homelessness will only continue to get worse in the next few years.

Although the Department of Housing has set a target of 48,000 new homes to be built by 2023, this target could be missed. If the target is completed or surpassed then burdens associated with the housing crisis could be significantly reduced. The problems that could be reduced would include reduced homelessness and new homes would create more supply for social and affordable housing. However, if homes were to be sold at current market values then the impact on …

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Changing Population and Effects on the Housing Crisis

According to the Central Statistics Office, Ireland’s population is expected to grow from 4.78 million in 2019 to 5.9 million by 2046. The growth is occurring due to economic growth and recovery since the 2008 recession. The population of Ireland has increased by just over a million people since 1999. The rapid population growth suggest an even greater demand for housing in the future. The housing crisis will only continue to progress, because demand for homes and apartments will only continue to grow as the population increases.

An additional 1.12 million people will need to be housed by 2046 as population continues to grow. At least 12,500 homes need to be built each year until 2021. This is a massive task, considering that Ireland built just over 8,500 homes in 2012.

Demographic changes in population also present challenges in supplying more housing. Ireland’s population is aging. The 2016 National Census has confirmed that there has been a 19.1% increase in people aged over 65. By 2046, people over the age of 65 are expected to account for 1.4 million of …

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Ireland affordability from a US student standpoint: Restaurant wages

Working in a restaurant can be an extremely exhausting job, especially when there are requests from a multitude of customers flying at you all at once. Luckily, the staffs ability to fulfill these requests timely and politely pays off in the form of monetary compensation; this is usually a successful motivational tool.

In recent months, there have been reports that many restaurants across the city of Dublin and far beyond have been unclear with customers about how their tips are being charged and where that extra cash ends up. For the most part, people assume that a server who provides exceptional service will receive the entirety of the tip that you leave for them. Many times, that assumption is wrong.

The Minister for Employment Affairs and Social Protection Regina Doherty has picked up on this issue, promising workers in this industry that there will be changes to the tipping system. These changes are aimed to make businesses more transparent about how this optional part of the bill is split up within the company.

As a customer, getting information …

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New Offers for Social Housing at Staggering Prices

A developer by the name of Pat Crean has offered 36 apartment for social housing to a local Dublin authority. Pat Crean’s Marlet development group offered to construct the apartments for the Dundrum area of Dublin. The Marlet group comprises of one of two fast-track housing applications for the Dundrum area of Dublin. The other part of the fast track housing application is formed by the Crekav Trading GP. Crekav Trading GP has proposed to sell 25 apartments from its overall planned 253 apartments in Greenacres, Longacre and Drumahill house. These 25 apartments have an estimated cost of €8.346 million.

The 36 apartments have been estimated at a cost to construct of €11.8 million. Meaning that on average the cost per apartment amounts to €327,888. In comparison, the Crekav trading GP’s 25 apartments have an average cost of €333,840.

The median home value in the Republic equates to €237,000. In comparison to the united states the median home value is $226,800. Adjusted to euros the median cost of a home in the US amounts to only €200,363.09. While the average price per …

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Ireland affordability from a US student standpoint: Groceries

There are many noticeable aspects that differ significantly between the United States and Ireland. For me, one of the largest changes is that the value of every euro I have us significantly more than that of my US dollar.

When coming to Ireland, I used my local bank to exchange dollars for euros with the euro being 1.2 times more valuable than my crisp dollar bill. Although I was aware of this rate, it has continuously thrown me off as I go in and out of sandwich shops, Tesco’s and the occasional Spar.

When I walk into any of these places, I think only in terms of my euros in hand. I am amazed by the €4 sandwiches, the €1.5 salads, and in general much less expensive grocery prices. When getting my first installment of groceries, I was amazed by the €36 price. This is because I usually spend around $50 at the grocery store in the US in order to stock up with those same ingredients.

Although that seemed cheap, the extra $5 in conversion made the payment just …

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Brexit takes more than just UK funds

As we are all well aware of by now, Brexit may affect the Irish economy. Although, one key part of the economy that we tend to overlook when it comes to this massive change is construction, which can and does play a significant role in our day-to-day life decisions.

Construction is much more intricate than just having laborers come in, swing around some tools, and build a structure. Specifics in supply and demand of laborers, resources, time, materials, consumers, money and a multitude of others aspects all play a part in construction outputs.

If Brexit is to occur, especially a no deal Brexit, there are a number of barriers that can arise. These barriers can and will be placed on construction companies, especially those currently working on a project. Some of these barriers include a reduced labor force, slower materials delivery, and possible construction penalties.

What current construction workers point out is that there is a steady decline in the amount of workers each year, and an even steadier decline in quality construction workers. If a hard …

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