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TAOISEACH ENDA KENNY has promised that the launch of the Government’s new construction strategy will not lead to another property bubble.
Speaking at the launch of the Construction 2020 plan, Kenny pledged that while a “boom-bust” property market will not return, a sustainable construction sector is vital for the economy.
The plan will see a portion of mortgages to first-time buyers guaranteed by the State and also includes some capital expenditure programmes planned as part of the sale of state assets.
There has been a critical reaction to the Government’s announcement from some quarters with Fianna Fáil describing it as a “pre-election gimmick”.
Others like Lucinda Creighton TD said the idea of supporting first-time buyers was reminiscent of the kind of policies that led to Ireland’s financial collapse.
“Nobody wants to go back to the bad old days of the construction and property boom. That won’t benefit the country, young families or the sector itself,” An Taoiseach countered this afternoon.
The spectacular crash in the sector has caused widespread hardship and ruin for many. The creation of a boom bust property market has left hundreds of thousands of families in negative equity, the consequences of which will be with us for many years to come. I promise you there is no going back to that past.
An Taoiseach’s speech was delivered at the National Sports Campus in Dublin today and pledged that there would be a “tripling housing of output by 2020, adding 60,000 jobs to the construction sector over the same period”.
He argued that there is a “severe shortage in (housing) supply driving up prices in some areas which is causing great difficulties for many young people”.
Kenny pointed to Construction Industry Register which will be compulsory from next year and new building regulations as proof that that poor construction practices hat pertained in the past will not “be repeated”.
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I promise there won’t be property taxes
I promise no water taxes
I promise ……..
Yeah, sure ?!?!?!?!?
FG DID promise water taxes.
Some people just love making stuff up.
And the property tax promise was made around the same time that contraception was illegal in Ireland. If you go back far enough you could find anomalies in every party manifesto. How about this one? SF have suddenly become the socialist party in the south while they implement the opposite measures in the north? Making promises that have no intention of keeping possibly? Surely not!!
And some people love forgetting what Kenny said about property taxes, something about it being unjust and immoral….maybe you know the full quote Alan?
What’s your point? I know exactly what he said about property tax. But that’s not what Michael got totally wrong.
How did it go again… “It is immoral to tax a persons home etc”
Maybe it part of a five point plan.
When did he say it Mike? How many decades ago?
………and if there is another property bubble dont worry there will not be a crash just a “soft landing” now where did I hear that before???
Nice bit of backtracking you blueshirt jolly boys but of course your selective amnesia prevents you from acknowledging the numerous promises FG made which transpired to be nothing but populist bullshit from a party desperate to get into power, maybe you can enlighten us on why FG promised a renegotiation of the bailout, no more money into zombie banks and retention of hospital services in whatever county they were slobbering their lies?
Your party leader proved that he is incapable of delivering what he promised, he suggested he and FG would be the knights riding into battle wearing the green shirt, waging war on the economic terrorism the EU and FG subjected us to and what did we get?….we got a man who thinks he’s a king, pontificating to his peons over the airwaves from speeches composed by some anonymous hack and a lasting image of him is getting his hair ruffled when he tried to mix it with the big boys in Europe, he promised much, delivered nothing and it’s why FG will always be a one term party, they’re just about useless at everything.
I used to love Saul :( gotta call him and tell him that his good name is being destroyed :(
My comment should have said “EU and FF” instead of “EU and FG” but hey…..they’re literally indistinguishable these days.
@ Saul.
Sorry,I totally forgot that pre election mouthing off in opposition and promises don’t count.
Sure isn’t that what you do.
Relax Whynot….I’m no fan of Kenny (I happen to think he’s an obnoxious pr**k) and I’m certainly not a FG supporter. I am however a realist and I wonder what else an alternative government could have done. I think the correct route was taken and cuts and tax hikes were unavoidable. They are obviously not popular choices but in my humble opinion I think they were necessary to come some way towards correcting our deficits. I expect to be personally abused for my opinion, which is the norm here, but id prefer to live in the real world than a world where Joe Higgins and SF are the answer to all our woes
Saul goodman the best part of you was left in the busted condom.
Mike he said that 20 years ago and not before the last election. Ireland was a very different place in 1994!
Dermot could it possibly have been because they believed they would be able to deliver those things and then found out they couldn’t?
There was no need for FG to lie. They were always going to win the last election as the largest party. So why would they?
And getting upset about politicians lying is extremely childish. Politicians have lied since the concept was thought of.
How would you have fixed our problems?
All things considered they’ve not done too badly. I still won’t be voting for either Government party. I would be very worried about Reilly’s policy on health insurance and I couldn’t in good conscience, as a teacher, vote for a party that Quinn is a member of.
But taken as a whole FG/LAB have not done too badly and I think most sane people who don’t advocate default/leaving the Euro/massive tax increases, would agree.
It was his Labour coalition partner and fellow-traveller in Government who pledged there would be no property tax.
But it doesn’t change the fact that a promise from Kenny or his cronies is always just a pure lie, made to deceive us as they steal from us for their own pensions.
I have nothing but contempt and scorn for the political classes.
Alan…they made them promises knowing rightly that they had no intention of honouring them.
Every hospital they promised to keep open, every cent they promised not to give banks and the hard ball game they were gonna play with the EU…all lies, lies just to appeal to voters.
They were given a mandate to alleviate the unfair debt the EU gave us and they blew it because they’re not interested in this country, they are known EU federalists so all they done was reinforce us the whipping boys of Europe and were too scared to upset Frau Merkel and the German banks.
That my friend is the uncomfortable truth for you.
Didn’t realise you were privy to FG meetings, plans, midnight covens where they planned to con us all.
Time to let it go Dermot. You’ll be dead long enough.
I wasn’t privy to any meetings Alan, it’s quite obvious by now who FG represent and here’s a clue…it’s not us.
Sorry for taking an interest in calling out the worst government we’ve ever had, I guess I should take your advice and say nothing….it’s what Edna would like, he hates being reminded that he lives in a different realm than the rest of us.
Times change mike and we have to change with them.
Yeah….we should move on, we’ll also forget that Mr Kenny told a disgusting racist joke one time, FGs recent past should never be mentioned.
Immoral is immoral today 5years ago or 25 years ago.
The difference is it’s his snout in the trough now it wasn’t then
Fool me once, shame on you; fool me twice, shame on me.
Just goes to show how cynical you lot are, this time we will have a “soft landing”.
The caption should be ‘clowns being run out of the country’
Irish people are so stomped on and degraded and demeaned and lost will,fat chance of seeing them being run from the country. I would say more like jetting off and living high life and coming back to the corporate run slaves and laughing all way to bank.
Sorry ranting today(so flipping annoyed)
Reminds me of Idiocracy..
AHAAHAHAHAHAHAHAHA Seriously when has your promises counted for anything or your party and Labour.
What a joke. They will sell our beaches and our houses from under us i am sure.
I cant stand this little man and his cronies. I am at breaking point!!!!
Bring back Bertie!!!!
No bring back charlie or albert or John Bruton,james connolly,Larkin,William o brien.
I would love to ask them what they think of their party now and whats happened to the country.
You could tell them it’s been taken over by whiners and moaners who want everything for nothing and think anything that goes wrong is always someone else’s fault.
No. Wait. That’s just the Journal comments section.
Thankfully just the opinion in the journal comments section and not the real world!
Yeah clearly neither of you live in.
spot on Alan , you get it on #vinb & #rtept too . The shinners & PBP are peddling that you can pay for nothing and great first class services and this should happen over night . The boom papered over a lot of cracks and major reform is needed in all areas but at the same time we live in a good country and a bit of positivism can go a long way .
Alan you are your mother and fathers fault!
You’re right,not every f*ck up is down to the government.
Funny James i watched that whole debate if you want to call it that. And SF never nor did some of the Indos or pbp say any such things.
All i could hear was shouting and roaring from labour higgins and fg.
You know what they say about those who shout the loudest.
Don’t believe a word the man is saying. All he functions on is sound bites and nothing else.
He’d fit in well here so
He’s nothing but a patronising git, the same as the rest of that FG shower. Check out this clip of him in Galway last week. He couldn’t answer the questions the protestor was asking him so he queries her nationality instead and starts wagging his finger at her.
Is that a field of shit they are running through
Sorry kenny your promises have been shown to be utter lies
So we will never have jobs or money again
Do we have to wait until 2016 GE to get rid of these lying fools?…is it possible to hold a GE sooner?
Next government based on current polls will be FF/FG coalition. You read it here first.
Your an idiot Alan,you read that here too!
‘You’re ‘ but same sentiment!
You’re spot Alan…but I said it first and u know it ;)
Paddy Power still agrees but obviously the commenters on here know better
http://www.paddypower.com/bet/politics/other-politics/irish-politics?ev_oc_grp_ids=591647
So who will be in government dave? The two parties are on almost 50 per cent. You see either one going in with SF?
You’re an idiot for stating the obvious truth Alan!! If you don’t want to look like an idiot you need to agree with what people WANT to believe
Six of one to me Saul. I’ll be ready for what happens rather than what I dream of happening ;)
Saul ,can we swap avatars ?
@Alan. If FF/FG do get into power next time then I hope they bring in a big idiot tax and build mansions for themselves and all drive different coloured Ferraris with the money because we will deserve it.
If they agree to enter into government together then it’s not a case of “if” it’s going to happen, It will happen! It’s simple maths
It is going to happen because there are enough dopes out there to vote for them, but not me or my family will ever vote for them again.
Don’t care if they tried to do the right thing, fact is they didn’t, they failed miserably and proved they are a robbing, lying bunch of swine. We have paid our way and our kids will keep paying.
Shatter resigns and there isn’t a stir out of the FG/lab trolls.
Kenny and Gilmore show up, in wellies, promising a brand new shiny bulletproof property bubble and and we’re treated to a trolling double act.
Go figure?
Your promises mean nothing to the Irish people Enda.There must be an election coming up.Then what,Austerity part 2! No thanks.
Let’s say that I (as a Fianna Fáil member) drive my car at 150kph down a road with a poor surface, and end up skidding off the road and crashing into a wall. I’ve destroyed my car and have ended up in the intensive care unit of the hospital. My brother buys a shiny new family car. When I get out of hospital, he takes me for a drive. We end up going down the same road where I had my car crash. He puts his foot hard on the accelerator. Realising what’s about to happen I scream “slow down! This is exactly how I destroyed my car and ended up crippled from the waist down”.
How does he respond? A rational, normal person would slow down and thank me for warning them of their impending disaster. If my brother was a Fine Gael or Labour party member, it’s likely that instead he would scream “SHUT UP YA BLEEDIN’ CRIPPLE. YOU RUINED YER CAR! YOU CAN’T TALK” and press their foot down harder on the accelerator.
And so we’re doomed to commit past mistakes, over and over again.
As an addendum, I find it incredibly ironic that my party – Fianna Fáil – is the one raising awareness about property bubbles. New politics, eh?
Yeah,new politics,we don’t trust Fisnba Fáil and we never will again,who are we? Rational minded individuals
I agree i wont anyway and you wont. However i fear they are gone up in polls to level they should never have got to (until at least everyone who was in then is gone) when its a whole new party then maybe i will look at them again.
Whoever you choose to vote for in the next election, ask them whether or not they intend to repeat past mistakes. If they respond with “no”, ask them to detail what those mistakes are…
Just a few weeks ago I spotted someone on DAFT.ie advertsing a bed under someone’s stairs for €230 a month. Dublin needs new rental accomodation and social housing. Students can no longer afford to live in Dublin, where we have 3 universities and countless ITs and FETAC colleges. This government’s housing plan is backward looking, not forward looking. People are becoming more mobile. In the world of tomorrow, we aren’t going to settle down in one place until they are in their late 30s or early 40s. The main obstacle to this is rent prices which have gone through the roof. Mortgages aren’t the problem and never were.
Your party? Really? Why would an obviously bright young man commit to any “party”?
No Fianna Fail can’t say anything because they are a party totally without ideology wedded to power and nothing else.
I don’t really have an issue with the bank guarantee we were fecked anyway by then. I have an issue with taking the easy way out on 90% of decisions for 80 years. Ignoring the Bacon report was a utter disgrace. If FF actually had learnt something from the crash I wouldn’t have an issue but they haven’t.
It’s still utter populism and local politics to the core.
The bank guarantee was the greatest error in the history of the state. Deposits were already guaranteed up to €100k.
The current administration is no better than the previous. Soaked taxpayers for political, regulatory and administrative incompetence (See Nolan judgement).
Just wanted to add that after your crash and hospitalisation, you would be asked to prove your disability and stripped of your.medical card
Your party are the main reason this country is in the state it’s in.
If only there was a baying mob with pitchforks and torches in that photo
“I promise…” lol
He won’t allow another property bubble? Too late, it has gone crazy in Dublin much to the delight of banks, NAMA and their puppet government. Encouraging extra money for first time buyers will only push prices up further when there is a dire lack of supply. The situation is already bad and they have the neck to try spin it into a positive story, roll on May 23.
Great, a warm welcome to the next generation of mortgage debt slaves. A new cash cow for the banks…. Why am I not surprised.
Eamon wanted company out in the field as he’ll be ploughing a lonely furrow in 2016
we are all going back to the past so. why dosent he promise us he will make us all poor and do a lousy job. then this country might actually get somewhere.
My only hope is that in their remaining time in government that they don’t ruin it any more than they have already. It’s actually amazing. Every country runs through boom-bust cycles. It’s amazing however that the current government, despite currently being in a recession AND constantly blaming FF (correctly of course) for causing the recession, that they would bring in a policy like this which would suggest they have forgotten the recent price crash. What’s hilarious is the advertisement of 60,000 new jobs. What about the 300,000 plus jobs created by the last fake boom. That didn’t work out too well now did it?
Whoever thinks that those individuals who are deemed high risk by banks for mortgages should actually be given a foot up by the tax payer needs their head examined. God forbid of course in Ireland, where we are obsessed with owning property, that those who can’t afford to buy are actually forced to rent. Grrrrr
“pledged that there would be a “tripling housing of output by 2020″ – The problem here is that they are putting the cart before the horse. By introducing the mortgage scheme first to give the CIF boys security that the mortgages are available to buy the properties they will cause an increase in the amount of people with mortgage approval BEFORE the housing is there to accomodate all the buyers. So, twice as many people with mortgage approval pottering around looking at houses that can’t even accomodate the demand as it stands, all bidding against each other driving prices up in the short term. Then when these new units start to come on line the property prices will be significantly higher than they are now. Unless we go back to the good old days where you buy off plans wihtout any idea of what your actually getting, Pyrite and Priory Hall anyone? But sure we’ve learned from our past mistakes…haven’t we?
“I promise you” yeah right, PINOCCHIO
He’s known as ” Kenocchio!”
Or, Enda “rob the penny” Kenny :)
here we go again…FG/Lab the govt for builders,developers,bankers and bondholders…….
Action not words
Ah now people dont be mean to poor Enda, sure isn’t he making promises to the people of Ireland & he wont break them! YEA SURE
What did Von Rumpy have to say on the matter?
Your promises ain’t worth a toss mr Kenny.
I would have paid money to have seen the three of them falling on their faces.
Pinky promise Enda??? Great we can all be best friends again….
We won’t have a government in 2020, never mind all the party politics
“We need to build a United States of Europe with the Commission as government and two chambers – the European Parliament and a “Senate” of Member States,” said Viviane Reding, vice president of the European Commission, This view is held by most of the European gangsters would turn the EU into a superstate while the ICA would have more influence than our Edna and Meehall and the others.
A lot of “promises” being Made and Broken by this current goverment
The journal and Enda = Best buds
Bring back Bertie ahern, he’ll get us out of this mess!
Severe shortage in housing supply. They (NAMA) were selling whole housing estates for peanuts not so long ago. More millions for the boys it seems, I wonder who’s going to benefit from this severe shortage?
How can people fallow a party blindly no matter how often thy screw things up . Politicians make millions in salaries and the little flag wavers can’t pay bills . But thy still keep waving .
Promises promises Enda.heard it all before lad
Severe shortage in housing? Last I heard they were selling whole housing estates off for peanuts…….
he wont be getting my vote thats for sure
Yet more pre-election BS, feck off Kenny. We’re sick of you
Great news for jobs. Shinners clearly outraged. Progress costs votes. They feed off the anger and fears of people…
so Kenny, why did you make it illegal to self build, you just took another 6k + houses out of production per annum, just for your CIF friends
No we won’t go back to the past we won’t learn from it either and we will just f!%k things up more
Not one more red cent………
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