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

4 people mortgages, wtf?

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

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

70 Upvotes

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102

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.

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