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John The Pessimist

When Is A Bubble Not A Bubble?

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What the decade to 2007 tells us is that planners should be very wary of directing where buildings and people should go.

We are our own best judges of where we want to live. If building is not happening now, when both prices and rents in Dublin are near their limit relative to incomes, then something has gone horribly wrong with our planning and regulatory system. Those unconvinced that regulation is at the heart of the problem would do well to consider this: the development which won the Urban Land Institute's prestigious global award for housing last year is illegal under Irish building regulations.

- See more at: http://www.independent.ie/business/personal-finance/property-mortgages/dublin-house-price-rises-are-not-a-bubble-but-are-cause-for-concern-30478112.html#sthash.gexXO6vu.dpuf

What the decade to 2007 tells us is that planners should be very wary of directing where buildings and people should go.

We are our own best judges of where we want to live. If building is not happening now, when both prices and rents in Dublin are near their limit relative to incomes, then something has gone horribly wrong with our planning and regulatory system. Those unconvinced that regulation is at the heart of the problem would do well to consider this: the development which won the Urban Land Institute's prestigious global award for housing last year is illegal under Irish building regulations.

Same goes for the UK, its illegal to build the homes people want in the places they want.

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