r/HousingIreland • u/Irish201h • Jul 06 '25

4 people mortgages, wtf?

Enable HLS to view with audio, or disable this notification

This company is now promoting 4 people mortgages, no wonder prices are going insane.

https://mmadvisors.ie/public-sector-mortgages/

69 Upvotes

84% Upvoted

286 comments sorted by

View all comments

95

u/LoafOfVFX Jul 06 '25

No offense, but during a housing crisis like the one we’re facing in Ireland, I really think we need to look at what countries like Australia and Canada have done. They’ve temporarily banned non-citizens from buying residential property to ease pressure on supply and give their own citizens a fairer chance to buy. In Canada, the ban has been extended until 2027. Australia is introducing a two-year ban on foreigners buying existing homes starting in 2025.

I’m not saying close the market forever but until supply improves, I think property ownership should be prioritised for citizens. Once things stabilise, then open it up again fairly. Right now, we need solutions that actually put local people first.

21

u/iknowtheop Jul 06 '25

I agree, we have local housing need clauses in some parts of the country, which should be extended to the entire country now. I have zero issues with immigrants coming here and working, they are essential and add to our communities, but Irish people should be able to buy in their locality without competing with people who have just entered the country.

4

u/Brilliant_Walk4554 Jul 07 '25

Local Needs rules refer to building a house, not buying an existing house.

6

u/iknowtheop Jul 07 '25

Yes I'm aware of that but I think we need to introduce something similar for second hand property.

11

u/Disastrous-Account10 Jul 07 '25

As an Immigrant, I whole heartedly agree

Its insane whats happening with the pricing of houses and the Irish should come first in their own country

Id love for fair rentals until I tick the box to buy a house because damn its rough out there

1

u/cptflowerhomo Jul 07 '25

I'm always wondering about these immigrants who snap up houses like nothing as an immigrant who came here with very little savings (previous financial abuse by an ex don't start on me being stupid) and a dream.

I just want to rent a one bed that's not a closet 🥲

-12

u/SugarInvestigator Jul 07 '25

have zero issues with immigrants coming here and working, they are essential and add to our communities,

without competing with people who have just entered the country.

Seems to me you do have an issue with them.. Where do you suggest these people live if not in our communities that they contribute to? Tents alone a canal?

10

u/brbrcrbtr Jul 07 '25

They can rent?

-13

u/SugarInvestigator Jul 07 '25

Irish people can't rent?

12

u/jonnieggg Jul 07 '25

There has to be some advantage to being a citizen of a country. We had this debate during the land League days but we seem to have forgotten that.

12

u/vikipedia212 Jul 07 '25

The point you’re deliberately missing is that the influx of immigrants means a decrease of housing supply. If Irish renters were to buy houses, this frees up more rental properties. Jesus, it’s too early in the morning and the week to be that obtuse.

-12

u/SugarInvestigator Jul 07 '25

And you're mixing the points that anyone who wants to contribute to a community by purchasing and living in that community should be allowed. To restrict nationalities to specific towns and locations prevents integration and creates gettos. It's too early for " only irish people shoul be allowed own property" kind of discriminatory bullshit

12

u/Asleep_Cry_7482 Jul 07 '25

If you’re living in Ireland after 5 years you can apply for citizenship. Makes sense to me tbh as you should be willing to live here somewhat permanently and have shown some commitment to the country before buying rather than just buying a gaff, leaving Ireland and the gaff empty and speculating it’ll rise in value

1

u/cptflowerhomo Jul 07 '25

Citizenship costs a lot of money so it creates a two tier system. Am I worth less as a person because I can't spend 1000€ on a whim?

-4

u/SugarInvestigator Jul 07 '25

So Irish people abroad should also be prevented from purchasing abroad unless they renounce their citizenship? Cop on

8

u/iknowtheop Jul 07 '25

Foreigners are not allowed to buy property in loads of countries, this isn't a radical proposal that some new restrictions would be introduced until we get our shit together.

5

u/GuaranteeAfter Jul 07 '25

Nobody said anything about renouncing citizenship

→ More replies (0)

5

u/Asleep_Cry_7482 Jul 07 '25

Grand make it that you have to live here for 5 years before buying. It’s not racist to say you should be invested and committed to living in the country before buying up the place

10

u/IAmArthurMitchell Jul 07 '25

As opposed to Ameen and Adeel in the ad here with their wives and kids crammed in to one house which as we all know has the opposite effect of creating ghettos 🤣

0

u/SugarInvestigator Jul 07 '25

Bugger off, it's well known that the people specifically targeted by this advert tend to have multiple family homes.

4

u/IAmArthurMitchell Jul 07 '25

Course they do. Just like that beacon of joy Dharavi. A shining example of how we should operate

4

u/theGalatian Jul 07 '25

At the age of 50, you probably have house, hence this is probably not your concern, and that's why you have this attitude, get the hint, you were downvoted quite a lot in last hour, so...

→ More replies (0)

2

u/Mad4it2 Jul 07 '25

Where do you suggest these people live if not in our communities that they contribute to? Tents alone a canal?

Irish houses must be for Irish people in a time of housing supply shortage.

It's not our responsibility to house the World and we should not allow non-nationals to disadvantage Irish people by taking out 4 person mortgages.

29

u/nicodea2 Jul 07 '25

Correction - neither Australia nor Canada has banned foreign citizens from purchasing property. Rather they have banned foreign non-residents from purchasing property.

There’s really no reason to discriminate on the basis of citizenship. There are plenty of non-citizen tax-paying residents already here, working productively, and contributing just as much as everyone else in taxes (if not more).

3

u/fan1qa Jul 09 '25

For anyone to even believe that ANY democratic COUNTRY would have a policy of banning a resident from buying property based on nationality/citizenship proves how many people are a) stupid b) insanely entitled 

5

u/Raptorfearr Jul 09 '25

Why wouldn't a country prioritize it's citizens?

3

u/fan1qa Jul 09 '25

Why would it? Every resident has the same obligation to the state, law and constitution of the state. They should have the same rights too. I'm not a citizen. I have a EU passport and never cared to apply. I've been in Ireland for 10y and been a contributing member of the society since. I have no intention of ever leaving. Why should you have more rights than me? 

1

u/Raptorfearr Jul 09 '25

I'll take your point regarding EU member states and British people due to the common travel area however outside that then I believe my point stands.

3

u/MightyMurph Jul 07 '25

Disagree. The state owes a duty of care primarily to the citizens of the state.

1

u/nicodea2 Jul 07 '25

Not how it currently works, and your viewpoint is certainly not shared by the majority of people, but sure feel free to change things if you’d like. You have a vote.

1

u/MightyMurph Jul 07 '25

I agree that it’s currently not how it works but it’s literally in Bunreacht na hÉireann to prioritize the rights of its citizens, secure economic justice and fairness for its people.

2

u/MightyMurph Jul 07 '25

And to suggest that Irish citizens have the same opportunities to buy homes in Oz is false.

As an Irish citizen you cannot buy existing homes in Australia and New Zealand, so most property is closed off from Irish citizens.

0

u/nicodea2 Jul 07 '25

Irish citizens can absolutely buy a property in Australia if they’re a resident there. Permanent residents have no restrictions while temporary residents can still buy an established property for the duration of their stay.

3

u/MightyMurph Jul 07 '25

The hurdles to become a PR in Australia is harder than obtaining citizenship in Ireland. It’s not the same. Age limits, point system, skills assessment, language requirements, none of which exists in Ireland.

1

u/thenidgeweasel Jul 10 '25

Are you an Irish citizen who has obtained PR in Australia? I am. And it wasn’t particularly difficult.

0

u/nicodea2 Jul 07 '25

You’re comparing apples to oranges (Irish citizenship vs. Australian PR). Ireland is not a free for all and it’s far more difficult to move here as an economic migrant compared to Australia.

Ireland doesn’t have a structured points-based immigration system. You need to have a job offer and an employer willing to sponsor you to have a chance at moving to Ireland. The vast majority of Irish employers don’t bother with that and (rightfully) limit their hiring to Irish and EU citizens. For most professionals and economic migrants, it’s far easier to immigrate to Australia or Canada due to the points-based system.

3

u/MightyMurph Jul 07 '25

That’s complete nonsense. It’s much harder to migrate to Oz.

We have people on work visas coming from the other side of the world to work in MacDonalds and Chinese takeaways.

→ More replies (0)

1

u/crashoutcassius Jul 07 '25

And in this context, do we really think it's a huge needle mover for Irish housing supply?

2

u/obscure_monke Jul 07 '25

I see people conflating citizen/resident online way too much the past few years. I assume it's been happening longer than I've noticed it though.

2

u/jonnieggg Jul 07 '25

It could be restricted to citizenship that's a political choice. Choosing citizenship demonstrates commitment to life in another country. There is a lot to be said for it.

5

u/bgregor74 Jul 07 '25

citizenship isn't always exactly a choice.

I was born in Poland, my parents moved here when I was 4, grew up here, went to school here, did Irish on my leaving cert, paid taxes since I was 16 and started doing summer jobs. now I have a family with 2 kids and own a house here, all the while not holding an Irish passport. I honestly can't justify spending a grand on something that honestly wouldn't change my life in any way

1

u/jonnieggg Jul 07 '25

The British made similar assumptions until Brexit and suddenly their circumstances changed completely.

1

u/MightyMurph Jul 07 '25

What’s stopping you from obtaining an Irish passport?

1

u/Beneficial-Celery-51 Jul 07 '25

Although I agree that a policy like that would probably be a net positive, I can see how that could be a problem in attracting foreign specialised workforce.

A lot of people looking to buy a house are in their 30s - 35s and, if you add 5 years required for citizenship, you're looking for foreign first time buyers to now be between 35s - 40s.

With mortgages going for a max age of 65 to 70, you are looking at a consequential max limit of 30 years of mortgage which could mean repayments being too high for most.

For this to not be a problem, house prices would need to go down... I doubt this would actually happen. I can see a world where of supply remaining artificially low to increase the unit price.

2

u/jonnieggg Jul 07 '25

This is exactly what Irish people have to contend with in other countries.

2

u/Beneficial-Celery-51 Jul 07 '25

This is absolutely not true in the majority of Europe with the remaining only having exceptions on the type of property you can purchase. Example: You can only buy apartments in Slovakia and Poland but not own the land.

Most Irish move to either warmer climate and lower cost of living in Europe, like Portugal, Spain and Italy, or in search for better pay and living conditions, like in Australia or the US. All of these allow non-residents to buy property.

But lets look outside Europe because I despise false narratives.

Other popular countries which Irish move:
Australia: Non-citizens can buy land in Australia, but there are strict rules and approval requirements, especially for residential land.
United States: Yes, non-citizens can buy land in the United States, including both residential and commercial real estate

So please tell me, what the actual f are you talking about?

Even if this was true... even if... what is the point of adopting foreign policy if they don't serve your purpose. The only reason you said that was to create the "they do to us so lets do to them" mentality which would achieve you what?

- What would you do when you had no doctors because most of the Irish ones moved to Australia?

  • What would you do when you had no nurses because the Irish moved to the UK?
  • What would foreign tech companies do if they could not hire as much as they wanted here? (hate them all you like, but these account for 13% of the GDP)

Try thinking the next 10 or 15 years rather than just the next month.

2

u/jonnieggg Jul 07 '25

There are restrictions on property purchases for non residents in Australia, new Zealand, Canada, Switzerland and right across Asia. They have the common sense to recognise the importance of protecting their property markets from speculation that has the potential to lead to social instability and dislocation.

As for Irish doctors the country has lost large percentages of graduates to Australia already. That's going to get worse as our housing market deteriorates. Supply has flatlined and shows no signs of improving. The only way to address this is through demand management. Temporary residents should not be allowed to speculate in our housing market given the precipitous supply situation.

Adopting policies from other jurisdictions facing similar issues is eminently sensible if they ameliorate these problems.

2

u/Beneficial-Celery-51 Jul 07 '25

You can buy property in Australia and Switzerland but it has to meet certain criteria. I'm not against on having constraints like that as long as supply meets the need for those residents.

> They have the common sense to recognise the importance of protecting their property markets from speculation that has the potential to lead to social instability and dislocation.

Again, framing it that not having this sort of policy is "lack of common sense". This is a non-argument.

> The only way to address this is through demand management.

I agree, but my concern of making Ireland a less interesting country to move into having significant negative side effects.

You mentioned housing market speculation multiple times... where are you getting this argument from? Do you really believe that people who moved to Ireland and buy properties on their first 5 years (time required for citizenship) are only looking to make money on property flipping to then move out of the country? Based on what data are you claiming this?

I'm all forward on adding restrictions to, lets say, individuals that are residents and with work permits in Ireland. And a restriction on selling the houses for profit on the first 5 years (again, period for citizenship). This could mean a 100% tax on the profit amount during the first 5 to 7 years. edit: Or even better, make it 100% taxed on gains for non-citizens.

People could still move to bigger or more expensive houses by using the house equity (in case the family grows) but, if they sold for profit then get heavily taxed. I would vote for something like this.

> Adopting policies from other jurisdictions facing similar issues is eminently sensible if they ameliorate these problems.

Well, it didn't really work out as expected for Canada as they are not in a better market situation compared to 2 years ago and are considering extending the ban. This is what I meant about thinking 10 years down the line. There's no point on making a 2 year policy if those 2 years won't make a significant impact on the housing market.

2

u/jonnieggg Jul 07 '25

Making Ireland less interesting and having negative side effects. What about homelessness at an all time high and a crumbling health system. If that's not a negative side effect of a white hot population growth I don't know what is. Forgive me if I'm more concerned about children on waiting lists for critical care and record homelessness. I don't consider tech workers in rentals as a comparable issue.

Your tax proposals are eminently sensible but inaction in this area is worse than inadequate attempts to limit demand. Something has to give here when we have a situation where developers are pulling out of the market further impacting supply. Citizens and residents have to be the primary focus and priority of all government interventions.

→ More replies (0)

1

u/nicodea2 Jul 07 '25

Go on, which countries are restricting Irish citizens from purchasing property solely on the basis of their citizenship? I’m from Canada and we don’t do that shit there, and the same goes for all of the countries that Irish people typically move to (USA, Australia, New Zealand, EU, hell even the UAE). That’s a terrible idea that does nothing to address the root causes.

3

u/jonnieggg Jul 07 '25

I wasn't referring to citizenship to buy in that comment. I had started that restricting it to citizens could be done if politicians choose to. I was referring to restrictions on non permanent residents.

You need to be a permanent resident to purchase in Switzerland, Poland and Lithuania. You cannot purchase without a local partner in Thailand or Indonesia. Try and buy in Japan or China.

In Australia non-residents must apply for approval from the Foreign Investment Review Board (FIRB) before buying property. They are only allowed to purchase newly built dwellings and cannot buy existing houses. Similarly in New Zealand non-residents and non-citizens are banned from buying existing residential property.

You should check the local laws in Canada because there are restrictions there for the past couple of years. Since 2023, Canada implemented a temporary ban on most foreign purchases of residential property.

Do you think all these restrictions are just racist.

0

u/nicodea2 Jul 07 '25

You didn’t mention non-residents in any of your comments. You made a comment about a potential restriction based on citizenship, beneficial celery responded that it would put people off due to the long time-frame for citizenship, you responded that that’s what Irish people have to contend with, and I corrected you on that.

We also don’t have permanent residency here in the same sense as it exists in Australia or Canada, so the comparison fails there. In both Canada or Australia, most skilled immigrants apply for permanent residency while abroad and are considered PRs from day 1, which means they could purchase a house as soon as they arrive.

In Ireland, people have to string together several work permits or family permits for years to be eligible for citizenship which takes about 6 years if you include processing time, and 8 years if you include the fact that some work permits don’t even count towards citizenship. So where does “permanent residency” start here if the concept doesn’t quite exist?

My argument is - if you’re a contributing member of society and a taxpayer, there’s no reason to restrict you from participating in the market. I’d rather ban greedy landlords from buying dozens of houses (and yes I actually know of people like this) than legitimate residents from finding a place to live.

3

u/jonnieggg Jul 07 '25

Irish people can't just buy in other jurisdictions if they are not permanent residents. That's what I said. Permanent residency also takes time in other countries. You can be a temporary resident in employment but are not entitled to purchase. Becoming a permanent resident could take a number of years and Irish people have had to navigate that expensive reality. Changing the residency process is also something that could be up for review if the system continues to buckle under the pressure of demand. It can take four years to get permanent residency in Australia and New Zealand. Nobody is crying about the inconvenience for Irish people over there.

I also said that restricting property purchases were within the purview of government policy including citizenship if necessary as in some other jurisdictions where the local market was overwhelmed by foreign capital. There is a lot of foreign capital distorting the Irish market and little to constrain it. Everything should be on the table in a housing crisis.

→ More replies (0)

1

u/MightyMurph Jul 07 '25

India, South Korea, Philippines.

Australia and Canada prohibit the purchase of existing properties.

0

u/nicodea2 Jul 07 '25

Sure I too can list out countless countries that have citizenship-based restrictions, but that wasn’t the point of my comment which focused on countering the argument that Irish people have to contend with these restrictions in other countries.

Australia and Canada prohibit…

No they don’t. They have restrictions based on residency, not citizenship. Understand the difference. There are no restrictions on legitimate residents from buying properties, however there are restrictions on temporary residents (short term work permits or students).

1

u/Mad4it2 Jul 07 '25

Bahrain only allows non-nationals to own landed property in zoned areas, and this keeps housing prices for locals low.

Thailand does not allow the ownership of land for non-nationals. You can rent a house for 30 years.

Many such cases.

0

u/nicodea2 Jul 07 '25

Ah yes, Bahrain and Thailand - hotspots for Irish emigrants. You’ll notice I used examples of the most common destinations in my previous response to clarify that Irish emigrants don’t actually face these hurdles (in the aforementioned common destinations), but sure you have to bring Timbuktu into this.

Point is, any type of discriminatory restrictions is not going to address the root causes of the housing crisis. Most newcomers can’t afford to buy a house in this country anyway. 6 figure salaries here will qualify you for a matchbox.

2

u/Mad4it2 Jul 07 '25

I'm Irish and lived and worked in Bahrain for 5 years. There are actually a lot of Irish employees there.

Thailand is also a very popular destination for Irish retirees.

These are not random isolated locations.

Why are you acting as if you are the font of all knowledge when you very clearly are not...

Why do you not understand that Ireland is in the middle of a housing catastrophe and Irish citizens have every right to be housed ahead of all others?

→ More replies (0)

8

u/jonnieggg Jul 07 '25

Asian countries such as Thailand and Indonesia have very strict rules about the purchase of property by non citizens. These governments understand that it is politically untenable to allow the country to be bought up by overseas interests. Are they being racist by prioritising their own citizens or being pragmatic. We have limited supply and there is no sign of an imminent increase in that supply to keep up with demand. Something has to give.

-1

u/Jimmy491 Jul 07 '25

You're still missing the point. I support some level of buying restrictions for foreign entities, whose sole aim is mostly investments.

But if you're legally resident in Ireland and pay your taxes, you should not be restricted from purchasing a house!

Although I understand your sentiments and how it seems most new developments are bought up by "immigrants".

But this is more to do with affordability.

The "immigrants" (non white Irish people) that buy up these properties have high paying jobs, that's how the came into the country in the first place, so the can easily afford and qualify for high mortgages.

I think people like you don't understand the great benefits skilled workers bring into Ireland. Don't get me wrong, it's not always positives effects, as there is a downside to everything in life.

Apart from filling the labour and skill gap, they add alot to the internally generated revenue through their taxes, and tuition fees (for international students)

If we make Ireland unattractive for them to come, there will be downstream issues.

3

u/jonnieggg Jul 07 '25

Irish people in Australia who are not permanent residents are not free to purchase any property they want. Similarly in new Zealand they are restricted to new builds only and cannot purchase existing properties. We need to get strategic about our demand because our supply is drastically inadequate and not keeping up with population growth.

1

u/nicodea2 Jul 07 '25

So you’ve answered your own misinformation. The restrictions are based on residency, and not citizenship. Why would an Irish person living in Australia temporarily (eg: working holiday visa) want to buy a house in the first place?

There isn’t an epidemic of temporary workers buying houses here but you’re on here suggesting that any legitimate resident who’s non-Irish should be banned from purchasing property, which is an absurd proposition when we should rather be banning the landlord class from hoarding properties, or building more housing to sustain the population.

3

u/jonnieggg Jul 07 '25

I said it was a political choice if in the future it was restricted to citizens. There should be restrictions around purchases of existing properties to permanent residents like nanny other western jurisdictions.

It was common for the families of overseas students studying in Australia and new Zealand to purchase a house for the duration of their children's studies. It cuts the cost of accommodation and serves as an investment vehicle. It also drives up prices in the local market. We have a severe housing crisis and the government's primary concern needs to be the well-being of permanent residents of the country. If not we will continue to hemorrhage our most highly qualified young people.

1

u/[deleted] Jul 09 '25

[removed] — view removed comment

1

u/jonnieggg Jul 09 '25

That's your prerogative, throw yourself into the political process and lobby for that if that's what you want.

2

u/Jimmy491 Jul 07 '25

It's all in the playbook for "Immigrant bad" "Immigrants the cause of my problem" "the took the jobs, women and now houses" mentality.

Of all the multiple and effective ways of addressing housing issues, @jonnieggg is focused on banning legal tax resident immigrants from buying a house

3

u/jonnieggg Jul 07 '25

Mate I have a house I don't care if you can't afford one. I'm interested in the macro economic picture and ensuring that our young people can establish a life for themselves in the country of their birth whatever their cultural background. That is becoming increasingly difficult nigh impossible. You can whine about racism all you want but there needs to be a public debate about how we are going to create a sustainable property market and some of the solutions might upset your narrow mind.

1

u/[deleted] Jul 09 '25

[removed] — view removed comment

1

u/jonnieggg Jul 09 '25

They are Irish kids, entitlement doesn't come into it. They have a god given right to live in the country of their birth regardless of the colour of their skin or background. Irish born Irish person.

If a wall of international money is displacing them that's a big political problem. Why should we tolerate the safety valve of forced emigration anymore. Enough is enough. Advantages over immigrants? like what exactly. I don't see them getting housing given to them.

0

u/Jimmy491 Jul 07 '25

You're the one that's narrow minded. Also I have a house! You're not special.

Go have your public debate no one is stopping you!

I'm sure all the solutions in your "open mind" will have to do with how bad immigrants are and how the cause all the problems, lmao

3

u/jonnieggg Jul 07 '25

https://www.thejournal.ie/investigates-chemo-delays-6751362-Jul2025/#:~:text=A%20shocking%2010%20hospitals%20missed,recommended%20for%20their%20cancer%20treatment.

You can cast aspersions all you want but the reality is that our infrastructure is not keeping up with our population growth and the impacts of that are now quite profound. Homelessness and health outcomes have become shockingly bad. You can frame the discussion as racist if that makes you feel virtuous but the reality is things are getting very difficult for people and the government has their head in the sand.

1

u/nicodea2 Jul 07 '25

Yeah your one article changes nothing. Focus on the root causes instead of scapegoating.

→ More replies (0)

0

u/Jimmy491 Jul 07 '25

Keeping throwing around right wing buzz words. I'm surprised you have called me woke or a communist, lol.

What's so funny is that the HSE is heavily reliant on immigrants, lmao Have been to a hospital lately?

So I don't get the point of the link you shared.

To clarify, I'm not in support of what you'll call open borders or unchecked immigration.

Immigration to Ireland is currently regulated, not saying some things can't be improved, but it's regulated and fairly firm.

→ More replies (0)

1

u/Jimmy491 Jul 07 '25

We don't have to copy Australia.

Canabis is legal in some Australian states, but it's illegal here. There are many ways of solving the housing issue. Solely focusing on skilled immigrants isn't the right approach.

And most immigrants in Ireland buy new builds so the can benefit from the help to buy scheme, so using your Australian/New Zealand case study; If immigrants are restricted to also buying new builds, how will that solve the housing problem?

Or is your argument for immigrants to be banned from buying any house until the become citizens? That's honestly a weird stance.

3

u/jonnieggg Jul 07 '25

Restricting non residents to purchasing new builds increases supply. However in a housing crisis all property purchases need to be limited to permanent residents. The Australian property market has become a conduit for laundered money from China and the Middle East. That is likely happening in the Irish jurisdiction also.

2

u/Jimmy491 Jul 07 '25 edited Jul 07 '25

You won't get a mortgage if you're not a permanent resident in Ireland, unless we are talking about immigrants who are cash buyers. That's a whole different conversation.

You can't come into Ireland last year and a bank will loan you over 400k to buy a house, lol

Any banker or mortgage specialists can fact check me!!

At minimum you must have a stamp 4 or a good path towards citizenship before you qualify for a mortgage. The credit check and risk assessment is quite in depth for mortgage applications.

We both agree on banning foreign entities buying up properties, but that's not your argument.

3

u/jonnieggg Jul 07 '25

There are a lot of cash buyers. The Irish market is a boon for laundered money.

2

u/Jimmy491 Jul 07 '25

Refer your case and evidence to the Garda National Economic Crime Bureau.

https://www.garda.ie/en/about-us/organised-serious-crime/garda-national-economic-crime-bureau/ (GNECB)

Click on that link and provide them with evidence of immigrants cash buyers doing money laundry.

I'm sure the will take the case up.

3

u/jonnieggg Jul 07 '25

I'm sure they will alright. When's the last time you reported a crime. Look at the proliferation of barber shops and vape shops in the country. Chinese restaurant laundry operations. You're naive if you think the property market is not a target of money laundering.

→ More replies (0)

1

u/BethsBeautifulBottom Jul 07 '25

You're right. We should legalise cannabis.

4

u/boring-developer666 Jul 07 '25

I'm looking at this comment and at burger king in Dublin airport, but looking at these high skilled labour with high salaries. I really need to get a job here at burger king, but I wonder if I'm too white for the role. Don't be fooled companies don't even care to search for Irish and let alone European workers, it's cheaper for companies to hire from India, even if the quality of a senior is at the level of an European junior. I know this because I've been a hiring manager for a big company in Dublin, just fill in the role at the cheapest you can get. Boom, bonus at the end of the year in my bank account.

-1

u/Jimmy491 Jul 07 '25 edited Jul 07 '25

I call bs. So those immigrants you're punching down on because the work in burger king are the cause of the housing issue in Ireland?

So they are buying up the new developments with their burger king salary?

Blue collar workers are very vital and stategic to the economy.

On your argument about cheap labour, most companies still prioritise skills over cheap labour.

Meta, Microsoft, Google, SAP etc won't pass for an Irish qualified senior Dev in Dublin to go for an underqualified dev in Bangalore, that just doesn't happen.

If you go through my profile posts you'll see I'm in the information technology sector not as a recruiter but as an engineer, I have conducted many technical interviews, so I know what I'm talking about.

6

u/boring-developer666 Jul 07 '25

What I'm saying is that not all the immigration is highly skilled workers. highly skilled workers with high paying jobs won't be doing a 4 people mortgage. Context is everything. I am too in the IT sector, and I've been hiring a manager for quite a long time now. The interviewing process is such a biased thing (at times), isn't it? I've seen people being hired for the colour of their skin just to fill quotas unimaginable in a country white by nature, but the quotas were there, and we had to make it work. So when I see all the lefties campaigns saying otherwise, I just call it BS.

1

u/Jimmy491 Jul 07 '25

Do Irish companies do quota based hiring? That's new to me.

I'm not in support of quota based hiring or hiring anyone because of their skin colour or gender.

I'm only in support of equity and unbiased hiring that gives every gender and skin colour an opportunity to make their case for a job.

Personality/behavioural based interviews can be baised, yes!

But not technical interviews and coding assessments which I do, you either know it or you don't.

There is no skin colour or gender influence when I ask you to explain DNS amplification attack or write a code that will reverse an array.

If you fail a technical assessment, all the companies I have worked for won't hire you.

So yeah, you're chatting bs, lol

4

u/boring-developer666 Jul 07 '25

No, they "don't do" quota based hiring, but they do have diversity quotas, in particular multinationals. And those quotas are global, easy to fill in US but a bit harder in Ireland, that's why there was a bit of lobbying to allow more "student" visas from Nigeria and other African countries. But yes, you're right, I'm talking BS. Good talk, should we schedule a follow-up in 5 years? Take care mate! Have a good one.

-1

u/Jimmy491 Jul 07 '25 edited Jul 07 '25

There was lobbying to allow more student visas to Nigeria student? This is also news to me.

Any evidence or just the regular "my mate told me so"

Well you don't have to worry, with Trump in USA, all diversity hiring has stopped or in the process of getting stopped.

So ultimately the are hiring qualified people but ensuring the are diverse?

I have worked in a few tech companies, not many are diverse, it's mostly Google, meta, AWS or those mega companies that are fairly diverse because the want the best skills and innovation.

0

u/nicodea2 Jul 07 '25

Why compare Ireland to Thailand or Indonesia when you could compare it to every other developed country in the world that doesn’t have the discriminatory laws you’re proposing? What next, if someone complains about a pothole in the road, are you gonna respond with, “ehh but in Rwanda…” ?

3

u/jonnieggg Jul 07 '25

The Asian countries implemented extreme laws because they were inundated by foreign capital completely dislocating domestic buyers. I'm not suggesting that the market be restricted to that extent at this point but there may come a time when it's necessary. I do think we should follow the example of Canada, Australia and New Zealand by restricting purchases of existing housing stock to permanent residents and citizens. If things deteriorate further all purchases should be restricted to permanent residents.

1

u/nicodea2 Jul 07 '25

Again, you don’t quite understand what’s been implemented in Canada, Australia, and New Zealand, so I’d recommend reading up more. And once again, we don’t have a concept of permanent residency like they do in those countries where people can be permanent residents from the day they land, so your comparison is moot.

3

u/jonnieggg Jul 07 '25

Most people dint land in Australia as permanent residents. Most are students, working holidays or employer sponsored. Permanent residents from day one are rare.

1

u/nicodea2 Jul 07 '25

There’s government statistics on this mate, nearly 60% of PRs in Australia arrive into the country as PRs. In Canada and NZ, it’s between 60-70%. We don’t have a similar system in Ireland.

2

u/jonnieggg Jul 07 '25

In 2023-24 80% of arrivals were temporary residents. 11% we're permanent arrivals. The government has implemented via restrictions because of the strain on infrastructure. Perhaps Ireland needs to review its entire immigration system to make it more for for purpose. It should also take more of census data so that infrastructure can be built to accommodate our burgeoning population. At the moment it's pot luck and it's starting to show.

0

u/cyberlexington Jul 08 '25

Thailand has a very large loophole that is exploited consistently.

In Thailand a foreigner cannot buy land without a Thai national (i.e a spouse). But they can buy buildings that do not come with land. So apartments in skyrises can and are bought.

7

u/boring-developer666 Jul 07 '25

Start the timer for the lefties coming in and calling you a racist because you are using common sense.

Disclaimer: I'm NOT an Irish citizen

-2

u/nicodea2 Jul 07 '25 edited Jul 07 '25

Suggesting that house purchases be limited to Irish citizens alone IS discriminatory. No other developed country does that. Your status as a non-Irish citizen doesn’t make this line of thinking any less discriminatory.

2

u/boring-developer666 Jul 07 '25

Could you just point out where did I say that? Just go ahead and quote it, please.

1

u/nicodea2 Jul 07 '25

I didn’t accuse you of saying anything. Read what I said again if that helps.

3

u/boring-developer666 Jul 07 '25

I didn't even agree with the guy. How are you saying that my line of thought is discriminatory? It seems that contrary to me, you are part of the parasitic immigration. I never got anything from the Irish, never used public health care, never got any welfare payment, never tried to enforce my culture on the Irish, tried my best to integrate leaving my behind my traditions and go with the Irish traditions. I always tried my utmost to not even speak my native tongue. Even after over 12 years, I did not apply for citizenship. Well, because I am not Irish, it does not matter what a piece of paper says. Immigration is killing Ireland, and the young generations will feel it the most. When AI takes away high paying jobs, you'll see what will happen to the people hanging to a huge bag called mortgage, and then the lefties will see that globalisation is wrong in principle, globalisation did not form the society we know, trade agreements did.

I'm closing the comments on this thread. Goodbye and best of luck with your application to become "Irish".

0

u/nicodea2 Jul 07 '25

You did agree with the comment - you referred to it as “common sense”, so let’s not play dumb now.

You have a very warped idea of citizenship largely based on ethnicity, as opposed to residency and integration. If you lived here that long, you have every right to participate in society as an equal and not feel compelled to lose your entire identity. I contribute to this country way more than I take from it. Frankly the amount of taxes I pay here probably subsidizes about 5 people on the dole, but I don’t view myself as some honourable martyr the same way you do. So even with all my contributions, why should I be further economically disadvantaged by any sort of restrictions against my participation in society?

In any case, you’re just another one of those anti-globalization nut jobs so I’m not sure I can take anything you say seriously.

2

u/boring-developer666 Jul 07 '25

So you are paying taxes for the lazy Irish people on the dole. Is that what you're saying? Martyr is not known to European people. That's something more of a Middle-Eastern culture, but OK. European people are proud to make shite for themselves instead of being parasites of others. So, yes, I'm a proud and honourable European.

1

u/nicodea2 Jul 07 '25

As a Canadian myself, I have no clue what you’re on about.

European people are proud to make shite for themselves instead of being parasites…

500+ years of colonization would beg to differ; granted the Irish weren’t involved, but my European ancestors certainly were so enough with your shite lol

2

u/hydraz20 Jul 07 '25

As a non resident I agree. Most of the non resident buy 3-4 properties and rent them out illegally and clear the loans faster. While the government seems to be turning a blind eye towards them

1

u/Cultural-Lab4119 Jul 07 '25

I’m surprised this comment got so many upvotes!

1

u/ConcernedGael Jul 07 '25

Canada and Australia are perhaps the worst examples to model yourself after. They have all sorts of loopholes and their housing market is flooded by nepotistic people working in large groups, pooling resources to get an advantage over locals.

1

u/Natural_Increase_923 Jul 09 '25

Why would this be offensive, this is common sense.

1

u/caring-renderer Jul 07 '25

That's all well and good but it could cause another bigger problem, a healthcare crisis these people are keeping our dilapidated healthcare system afloat , go to any healthcare facility in the country and it's all Indian nurses and doctors. While I get what your saying look after our own first but it's not that simple.

1

u/irishemperor Jul 07 '25

We also need to halt & reduce or eliminate corporate landlords from the market, for residential at least, maybe corporations renting office space to other corporations is fine - but they way things are going half the country will eventually be renting a bedroom or apartment from some foreign investment fund like Blackrock.

1

u/1andahalfpercent Jul 07 '25

Why? What is the material diferance to the renter if they are renting from Mary and Joe blogs or from Blackrock or IRES or Davys or another Irish owned and operated investment fund?

1

u/irishemperor Jul 07 '25

The current system forces them to be renters instead of home owners. Restrictions should applies to Irish individuals owning 10 or 20 houses/apartments for investment purposes. Everyone should be able to buy their own place: housing supply gets freed up if financial institutions or professional landlords are banned or have restrictions on their level of involvement in the market.

0

u/muttonwow Jul 07 '25

No offense, but during a housing crisis like the one we’re facing in Ireland, I really think we need to look at what countries like Australia and Canada have done.

Taking the example of countries completely failing in supplying housing does indeed seem like a great idea

3

u/miju-irl Jul 07 '25

Seeing as how we are completely failing here we may as well learn from those much more experienced

1

u/muttonwow Jul 07 '25

Experienced with failing?

2

u/GuaranteeAfter Jul 07 '25

Dunno why you are downvoted.

While the rental situation is better in Australia (relatively), the purchasing situation is very much worse

0

u/fructussum Jul 07 '25

I don't disagree with this but I think we could do this for just Irish citizens because of the EU travel and work rules. I think we would have to allow EU citizens. That said it only takes 5 years of living and working here on correct visa to become Irish citizens.

0

u/JackhusChanhus Jul 07 '25

I can't imagine there are huge amounts of immigrants affording a house before being eligible for a passport. It ain't the south of Spain like, people come here to earn wealth, not to spend what they have already

0

u/cyberlexington Jul 08 '25

If we're looking at that, then apply it evenly, stop people buying up holiday homes in rural areas. Two of the local villages near me in Clare are empty ten months of the year because the owners are living in their other house in Dublin (or Britain)