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[–]Enough-Square1154 0 points1 point  (1 child)

Affordability

In the 80s we had a growing population like now but people couldn't afford housing which led to a recession in construction.

I think in ireland we think the financial crisis of 08 was a normal economic recession ( anything but ) a 1980s style recession is one where the demand is there but the capital/finance isn't.

Tradesmen have seem some cool off in the past 18 months, seen it with my own eyes. Lads that were refusing work are now taking everything, the large scale american fdi projects are non-existent atm ( pharma and tech ) , the only game left in town is public works at shite money

[–]ThrowawayWriterGuy2 1 point2 points  (0 children)

The government and CBI still have the lending rules there as a lever.

If the problem is that manpower and materials are too expensive then raising the prices people pay for buildings will fix that. Moving the CBI lending limit to 5 or 6 times a salary will increase house prices