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Posted by come on on July 23, 2004 at 20:17:37:
In Reply to: Re: Sounds like someones contradicting themselves posted by Bill Door on July 23, 2004 at 14:18:07:
"Large young population looking for homes"
Yes but the only reason this would cause prices to rise if there was a shortage of building land
And theres only two ways THAT could come about
1) A very densly populated country with all the land already used up (not the case in Ireland)
2) Inadequete infrastructure making most of the land in the country unsuitable for building coupled with an extremly corrupt planning process (very much the case in Ireland)
"Historically low interest rates"
Shouldnt make any difference unless there is an artifical shortage of building land (see above)
Shouldnt make any difference unless there is an artifical shortage of building land (see above) besides the economic slowdown hasnt affected housing coste
"Public Service pay agreements"
"Developers hoarding land, thereby increasing site values"
Because the government allows them to
"Reduction of CGT to 20% makes property speculation a more viable option that when its was 40%"
Again the fault of government
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