Really just curious on this one and would love to hear this explained. Are our property prices too low or our rents are too high? (Both are definetly too high, speaking as a young person but you get my point) 😂
All my data is based off of a quick ChatGPT search so may be wrong but..
This is an interesting comparison of Limerick, Cork and Galway at the moment. Rent prices in limerick seem way higher relative to average property prices..
Anyone have any reasons to why this is the case?
When you compare 10 years rent in each city (with a 2% a year increase) you get the following (again ChatGPT generated so could be mistakes) you can see a really clear discrepancy between the cities.
Regulation always seems harmless and free—until it’s passed.
In 1995 and 2007, Ireland introduced minimum regulatory standards for new houses and apartments.
The result: Ireland now has some of the highest standards for new homes in the world.
✨Yay✨ right?
Except Ireland is now the second most expensive place to build homes in the EU. The country is 230,000 homes short, and they’re not being built anywhere near fast enough. We’re in a full-blown housing crisis.
This is terrible for young people (staying with parents into their late 20s, living in overcrowded houses, or emigrating), for those looking to start families, and especially those on lower incomes.
These regulations would rather you struggle than dare live in a home without a balcony. (Not a joke.)
The stickiness of these “nice-sounding” regulations makes them nearly impossible to unwind. No politician wants to be the one who “drove down the housing standards.” After all, “Ireland is the best in the world at it,” right?
(Above taken from excellent article by @o_mcpartlin, link in next tweet)
Wow, Gemini 1.5 pro with deep research is very powerful. Very valuable to get in-depth insights on a topic and point you in the right direction to save time researching. Highly recommend checking it out.
I always loved the ambition of this project. The attitude of why can’t limerick punch above everyone else. The building is spectacular and redefines the whole area IMO. Sad to see it go, especially for the staff at Christmas time. Kudos to all involved.
Cant believe today is the last day of @IRELimerick as it closes. An incredible endeavour by the McManus family. My thoughts are with the staff wishing them every success with the future.
A huge amount of regret with how we got here but hoping for new opportunities in 2025!
More than 400 Irish tech founders in an open letter taken as an ad in today's @businessposthq, have called on the incoming government to rethink the closure of the @NDRC_hq
Yes, we did this.
This is us sending a message to the incoming government that we want Ireland to be a better place to build a technology company.
We have a long way to go.
Over 400 local founders, employing 8,000+ people, with €2.4 billion raised, want our government to take startups more seriously.
We NEED to diversify our economy away from being a tax avoidance shop. Building homegrown technology businesses is the way we do this.
Over 400 local founders, employing 8,000+ people, €2.4 billion raised, want better answers from those in government making big decisions on our behalf about what it takes to build a thriving local startup ecosystem.
Really nice to support my cousin Billy for a few hours on his all night walk for mental health. If you can spare a few euro I’d super appreciate it such an amazing cause ❤️
Doing this walk with my son and others from Dusk today until Dawn tomorrow for mental health awareness. Maybe we could have picked a shorter night but that’s not how these challenges work 😁 please check out below. 👇 https://t.co/qkbZh15y1s
One of my early memories of starting @andopen_ with Jonathan is a pitch to a bunch of older men in suits in a civil service building in Dublin. The main feedback 'why were we dressed for a summer bbq'. @NDRC_hq is providing a relevant environment for founders to start in Ireland.