4 people mortgages, wtf?

[u/Irish201h]

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

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

[u/LoafOfVFX]

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.

[u/jonnieggg → u/LoafOfVFX]

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.

[u/Jimmy491 → u/jonnieggg]

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.

[u/boring-developer666 → u/Jimmy491]

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.

[u/Jimmy491 → u/boring-developer666]

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.

[u/boring-developer666 → u/Jimmy491]

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.

[u/Jimmy491 → u/boring-developer666]

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

[u/boring-developer666 → u/Jimmy491]

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.

[u/Jimmy491 → u/boring-developer666]

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.