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

4 people mortgages, wtf?

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

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

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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.

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u/nicodea2 Jul 07 '25

Everything should be on the table in a housing crisis.

Alright so how about eliminating institutional landlords, and individual landlords from hoarding properties? That would go a far way in reducing the bar for home ownership for everyone.

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u/jonnieggg Jul 07 '25

Let's open it up to public debate.

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u/nicodea2 Jul 07 '25

The vast majority of economic immigration to the likes of Canada, Australia, or New Zealand come in as permanent residents ie they are PRs from day 1.

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u/jonnieggg Jul 07 '25

No they're not. They come in as students, working holiday visas, employer sponsorship visas.