This article has no data or proof – it’s just a headline
Lenbert on
Could? The ESRI proving how much out of touch they are. Anyone in construction will tell you prices are skyrocketing. This has the potential to collapse the entire construction industry. If no one can afford materials nothing gets built.
Wonderful_Trick_4251 on
And what about the credit?
If the lead-in time for property developers from purchase of land, PP and eventual disposal is in the *years* -> the loan conditions were based upon a set of stable multi-year predictions.
That stability is up in the air. If there is a dramatic tightening of the labour force due to recession and it’s consequent impact on property demand, those loans will enter default, along with many mortgages.
This almost unique aspect of property as a commodity, it’s lengthy time-to-market and consequent vulnerability and instability, is something Marxist Geographer turned economist David Harvey identified.
breadpope on
This is terrible!! Soon something as simple as building a bike shed could cost… No… I dare not say…
EbbSuch on
Cork – Met a Builder supplier buddy this morning while food shopping – He told me emails were coming in fast and furious. Prices are going up steeply asap.
feedthebear on
Government punching the air at having another excuse for their uselessness.
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lol add it to the list
Building and renovating feels so unachievable.
*USA and Israeli war
This article has no data or proof – it’s just a headline
Could? The ESRI proving how much out of touch they are. Anyone in construction will tell you prices are skyrocketing. This has the potential to collapse the entire construction industry. If no one can afford materials nothing gets built.
And what about the credit?
If the lead-in time for property developers from purchase of land, PP and eventual disposal is in the *years* -> the loan conditions were based upon a set of stable multi-year predictions.
That stability is up in the air. If there is a dramatic tightening of the labour force due to recession and it’s consequent impact on property demand, those loans will enter default, along with many mortgages.
This almost unique aspect of property as a commodity, it’s lengthy time-to-market and consequent vulnerability and instability, is something Marxist Geographer turned economist David Harvey identified.
This is terrible!! Soon something as simple as building a bike shed could cost… No… I dare not say…
Cork – Met a Builder supplier buddy this morning while food shopping – He told me emails were coming in fast and furious. Prices are going up steeply asap.
Government punching the air at having another excuse for their uselessness.