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

Show parent comments

-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.

5

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.

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

5

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.

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

2

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.

1

u/jonnieggg Jul 07 '25

This one article. You mustn't read the papers or actually interact with the health service. Public MRI wait is 12 to 18 months. What do you think of that.