Dispatch · Housing
Dispatch · 5 Sep 2026

A side garden in Dublin 12 goes up for 600,000, a year after the whole house sold for 750,000.

5 Sep 20269:353.2K views
HousingIrelandIrish
YouTube
TL;DR
  • He opens on the institute's number and then walks you to the street. Yesterday the Economic and Social Research Institute stated that house prices in Ireland are overvalued by 17%, and his own view is that they could probably go well above that. For anybody struggling to afford a home to buy or even to rent, he calls it completely extortionate, forcing a generation into emigration and more and more people into homelessness, while record numbers of people come into the country to boost the profits of many big employers around the nation. Then he shows the case in point. He is standing in Dublin 12, in front of a side garden. The house behind him sold in November 2025 for 750,000 euro with planning permission for one house on that side garden, and less than a year later the side garden on its own is up for sale for 600,000 euro, with planning permission for two three bed houses on it.
  • From there he argues it is a demand problem, not a supply one. That kind of flipping, he says, demonstrates the frenzy in Irish society, with many properties bought by speculators and many bought by non Irish nationals, which pushes prices further out of reach of ordinary people, while wages have essentially flatlined against the increases. This is the part of the conversation never discussed by the mainstream media, on his reading, because they always talk about supply, supply, supply. He goes back to the crash for the counter example: at one stage 80,000 homes a year were being built, and that dropped off to about 5,000. At the time of the bank bailout and the austerity he says Ireland is still feeling the fallout of, the IMF, the European Central Bank and the European Union ordered Ireland to stop building public housing and opened the door to international investors and vulture funds, which he places inside the bigger globalisation agenda.
  • His second cause is the money itself. During covid, he says, the magic money tree went into overdrive, with over 25% of money pumped into the system backed by absolutely nothing, which devalued ordinary people's wages, money and savings and set off the inflationary pressures still working through today. Alongside it he puts the central bank saying at that stage that the country needed more cheap labour, and the door opening, followed by the war in Ukraine and over 100,000 Ukrainians coming to Ireland under the European Union's temporary protection directive. Both, on his reading, kept accommodation costs high and wages repressed. The arithmetic he lands on is that it now takes over 100,000 euro of income in Dublin, on a single income, to afford an average home of about 500,000 euro, and he says other counties are over six figures too.
  • He closes on what happens if a shock arrives, and on who is holding the gains. The last bust came with easy credit and borrowing costs, he says, and debt levels will undoubtedly rise again with the increases now coming in interest rates, against bond markets he describes as in free fall and debt levels that are geopolitically unsustainable. Ireland is wide open to any financial shock because of its reliance on foreign direct investment and multinationals, and he points at sky high energy costs as the same vulnerability showing up on the bills. Perhaps some form of crash has already happened, he suggests, in the sense that the money pumped in has been falling in value while wages fall and more is transferred upwards to speculators and investors. The government keeps promising a magical equilibrium between demand and supply without ever addressing demand, which he says it has no intention of doing, because the labour market runs on cheap and wealthy international labour under free movement of capital and labour, and the windfall goes to bankers, estate agents and other vested interests in an economy where the richest 10% hold 50% of the wealth and the bottom 50% hold 10%.
Transcript
00:00

Hello everyone

Hello everyone. Yesterday the economic social research institute stated that house prices in Ireland are overvalued by 17%. Now they could probably go well above that for anybody struggling to afford a home to buy or even to rent in Ireland. It is completely extortionate forcing a generation into immigration. more and more people being forced into homelessness. And at the same time, we see records amount of people coming into the country to boost the profits of many big employers around the nation. And at.

The same time, this is nothing new to most people who are struggling because I can show you a case to what's taking place in Irish society. It's absolutely just madness. I'm up here in Fen Hill Avenue in Dublin 12. Now this is sorry garden of a house as you can see and the house behind me sold in November 2025 for €750,000 with planning permission for one house on the side garden. And wait for it less than a year later this side garden is up.

For sale for €600,000 just for the side garden. now with planning permission for two houses on it, two three bed houses on it in that side garden. So, uh, absolute madness what's taking place in Ireland currently where house prices are being forced so high, forcing more people into struggle to afford a home to call their own. We see, as I said, when this sort of stuff takes place, just demonstrates the frenzy in our society when you're getting houses flipped. very.

Many are being bought by speculators and many are being bought bought by nonIrish nationals as well which is pushing up house prices and pushing them out of reach of ordinary people and at the same time wages have essentially flatlined in comparison to the massive increases in house prices and this is part of the conversation that's never discussed by the mainstream media, they always talk about supply, supply, supply.

02:40

But we all know during the times of the

But we all know during the times of the financial crash where at one stage it was 80,000 homes were being built and then that dropped off to about 5,000 and at the time of the bank bailout that to massive austerity on Ireland that we're still feeling the fallout of today. They ordered Ireland to stop building public housing, the IMF, the European Central Bank and the European Union and opened the door to international investors, vulture funds to come in part.

Of the big globalization agenda and a bigger part of that was the mass immigration agenda as well. Now that has had massive impact on keeping accommodation costs high for people and remember during the time of co a couple of years ago we'll never forget in terms of the massive transfer of wealth upwards the magic money tree went into overdrive where over 25% of money was pumped into the system backed by absolutely nothing which devalued ordinary people's.

Wages, money, savings, and spikes, massive inflationary pressures that we're still seeing the fallout of today. So this had an impact then in terms of bringing cheaper wages in because the central bank back in that stage said we need more cheap labor and they opened the door. remember where it just vanished overnight and the uh mass immigration agenda went into overdrive when the war in Ukraine started or and led to over 100,000 Ukrainians coming to Ireland with the uh temporary.

Protection directive from the European Union. And this had an impact again on accommodation costs and also repressed wages and made it completely unaffordable for more and more people to ever entertain the prospect of even renting a home, never mind buying a home. Because currently it would take about over €100,000 in Dublin on a single income to be able to afford an average home which is about 500,000 euro.

05:13

And there's counties like Kair and Wikllo are also

And there's counties like Kair and Wikllo are also over six figures which shows you how unattainable it is. And they'll talk about the previous bust and crash was around the time of the increased credit availability and borrowing costs. But now what we see now is debt levels will increase undoubtedly because of the pendant increases now in interest rates.

We see the international markets in essentially free fall to what's taking place in terms of bond markets, debt levels at unsustainable levels geopolitically and uh here in Ireland they're wide open to any financial shock because of the reliance on foreign direct investment and multinationals which uh leaves us completely vulnerable to any international shock. And we see that with the skyhigh energy costs as well. But when you see the wild west of Ireland and what I demonstrated.

There in terms of the house that was down on Final Avenue in Dublin 12. This really shows you the frenzy that's taking place in Ireland. the desperation to secure a home and many who are completely unaffordable for the vast majority of people.

Perhaps some form of crash has already happened in terms of the additional money that's been pumped into the system to keep value of our money falling but also wages falling and transfers more money upwards. to those uh speculators and investors who are making rampant profits from what's taking place. But yet the Irish government talk about supply, supply, supply as if there will be a magical equilibrium between demand and supply.

“to those uh speculators and investors who are making rampant profits from what's taking place”

But you have to address the demand side measures and the Irish government have no intention of doing that and have no intention of doing that because we've seen what's happening with the labor market and the availability of cheap international labor plus wealthy international labor which is part of the globalization agenda where you have the free movement of capital, you have the free movement of labor. So who loses out? Well, it's low and middle inome earners that lose out because of these.

08:06

Policies and Irish citizens being pushed by the Irish

Policies and Irish citizens being pushed by the Irish government. And the narrative is always more supply. But there's a massive massive windfall to be made by the bankers, by the estate agents, by many of those vested interests as more money gets transferred upwards in Irish society. Because you have a society in Ireland, more like an economy where the richest 10% have 50% of the wealth yet the bottom 10% have or bottom 50% rather have uh 10% of.

The wealth. So much for fairness, so much for redistribution of wealth, so much for making basic necessities affordable for people. So, thanks for joining me today and walk through this area. And u as I said, this area is rookies walking town uh nearest to the Green Hills direction. And it's just madness to what's taken place in Irish society when you see that little case in point with that property that was for sale last year and sold for.

€750,000 and then subsequently now is up for sale at € 600,000 at the uh the side garden with planning permission for two houses. Madness. But uh there we have it. So let me know what you think in the comments and thanks so much for supporting my videos as well.

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Dispatch
5 Sep 2026 · Housing · 9:35

A side garden in Dublin 12 goes up for 600,000, a year after the whole house sold for 750,000.

Dooley stands on a street in Dublin 12 in front of a house that sold in November 2025 for 750,000 euro, with planning permission for one house on its side garden. Less than a year later, he says, that side garden alone is up for sale at 600,000 euro, now with permission for two three bed houses on it. He uses it as the visible version of what the Economic and Social Research Institute said the day before, that Irish house prices are overvalued by 17%, a figure he thinks could go well above that. His explanation is a demand side one rather than the supply argument he says the government and the mainstream media never move off: houses flipped by speculators, wages flatlined against price increases, public housing stopped after the bank bailout on the orders of the IMF, the European Central Bank and the European Union, and the door opened to international investors and vulture funds. He adds the money printed during covid, the central bank's call for cheap labour and the over 100,000 Ukrainians who came in under the European Union's temporary protection directive, and ends on an economy where he says the richest 10% hold 50% of the wealth.

HousingIrelandIrishDublinEuropean Union
3.2K views Discussion
TL;DR
01
He opens on the institute's number and then walks you to the street. Yesterday the Economic and Social Research Institute stated that house prices in Ireland are overvalued by 17%, and his own view is that they could probably go well above that. For anybody struggling to afford a home to buy or even to rent, he calls it completely extortionate, forcing a generation into emigration and more and more people into homelessness, while record numbers of people come into the country to boost the profits of many big employers around the nation. Then he shows the case in point. He is standing in Dublin 12, in front of a side garden. The house behind him sold in November 2025 for 750,000 euro with planning permission for one house on that side garden, and less than a year later the side garden on its own is up for sale for 600,000 euro, with planning permission for two three bed houses on it.
02
From there he argues it is a demand problem, not a supply one. That kind of flipping, he says, demonstrates the frenzy in Irish society, with many properties bought by speculators and many bought by non Irish nationals, which pushes prices further out of reach of ordinary people, while wages have essentially flatlined against the increases. This is the part of the conversation never discussed by the mainstream media, on his reading, because they always talk about supply, supply, supply. He goes back to the crash for the counter example: at one stage 80,000 homes a year were being built, and that dropped off to about 5,000. At the time of the bank bailout and the austerity he says Ireland is still feeling the fallout of, the IMF, the European Central Bank and the European Union ordered Ireland to stop building public housing and opened the door to international investors and vulture funds, which he places inside the bigger globalisation agenda.
03
His second cause is the money itself. During covid, he says, the magic money tree went into overdrive, with over 25% of money pumped into the system backed by absolutely nothing, which devalued ordinary people's wages, money and savings and set off the inflationary pressures still working through today. Alongside it he puts the central bank saying at that stage that the country needed more cheap labour, and the door opening, followed by the war in Ukraine and over 100,000 Ukrainians coming to Ireland under the European Union's temporary protection directive. Both, on his reading, kept accommodation costs high and wages repressed. The arithmetic he lands on is that it now takes over 100,000 euro of income in Dublin, on a single income, to afford an average home of about 500,000 euro, and he says other counties are over six figures too.
04
He closes on what happens if a shock arrives, and on who is holding the gains. The last bust came with easy credit and borrowing costs, he says, and debt levels will undoubtedly rise again with the increases now coming in interest rates, against bond markets he describes as in free fall and debt levels that are geopolitically unsustainable. Ireland is wide open to any financial shock because of its reliance on foreign direct investment and multinationals, and he points at sky high energy costs as the same vulnerability showing up on the bills. Perhaps some form of crash has already happened, he suggests, in the sense that the money pumped in has been falling in value while wages fall and more is transferred upwards to speculators and investors. The government keeps promising a magical equilibrium between demand and supply without ever addressing demand, which he says it has no intention of doing, because the labour market runs on cheap and wealthy international labour under free movement of capital and labour, and the windfall goes to bankers, estate agents and other vested interests in an economy where the richest 10% hold 50% of the wealth and the bottom 50% hold 10%.
Prefer to watch? The full video is on YouTube →
9:35
Transcript · auto-captions, polish pending

Hello everyone

Hello everyone. Yesterday the economic social research institute stated that house prices in Ireland are overvalued by 17%. Now they could probably go well above that for anybody struggling to afford a home to buy or even to rent in Ireland. It is completely extortionate forcing a generation into immigration. more and more people being forced into homelessness. And at the same time, we see records amount of people coming into the country to boost the profits of many big employers around the nation. And at.

The same time, this is nothing new to most people who are struggling because I can show you a case to what's taking place in Irish society. It's absolutely just madness. I'm up here in Fen Hill Avenue in Dublin 12. Now this is sorry garden of a house as you can see and the house behind me sold in November 2025 for €750,000 with planning permission for one house on the side garden. And wait for it less than a year later this side garden is up.

For sale for €600,000 just for the side garden. now with planning permission for two houses on it, two three bed houses on it in that side garden. So, uh, absolute madness what's taking place in Ireland currently where house prices are being forced so high, forcing more people into struggle to afford a home to call their own. We see, as I said, when this sort of stuff takes place, just demonstrates the frenzy in our society when you're getting houses flipped. very.

Many are being bought by speculators and many are being bought bought by nonIrish nationals as well which is pushing up house prices and pushing them out of reach of ordinary people and at the same time wages have essentially flatlined in comparison to the massive increases in house prices and this is part of the conversation that's never discussed by the mainstream media, they always talk about supply, supply, supply.

But we all know during the times of the

But we all know during the times of the financial crash where at one stage it was 80,000 homes were being built and then that dropped off to about 5,000 and at the time of the bank bailout that to massive austerity on Ireland that we're still feeling the fallout of today. They ordered Ireland to stop building public housing, the IMF, the European Central Bank and the European Union and opened the door to international investors, vulture funds to come in part.

Of the big globalization agenda and a bigger part of that was the mass immigration agenda as well. Now that has had massive impact on keeping accommodation costs high for people and remember during the time of co a couple of years ago we'll never forget in terms of the massive transfer of wealth upwards the magic money tree went into overdrive where over 25% of money was pumped into the system backed by absolutely nothing which devalued ordinary people's.

Wages, money, savings, and spikes, massive inflationary pressures that we're still seeing the fallout of today. So this had an impact then in terms of bringing cheaper wages in because the central bank back in that stage said we need more cheap labor and they opened the door. remember where it just vanished overnight and the uh mass immigration agenda went into overdrive when the war in Ukraine started or and led to over 100,000 Ukrainians coming to Ireland with the uh temporary.

Protection directive from the European Union. And this had an impact again on accommodation costs and also repressed wages and made it completely unaffordable for more and more people to ever entertain the prospect of even renting a home, never mind buying a home. Because currently it would take about over €100,000 in Dublin on a single income to be able to afford an average home which is about 500,000 euro.

And there's counties like Kair and Wikllo are also

And there's counties like Kair and Wikllo are also over six figures which shows you how unattainable it is. And they'll talk about the previous bust and crash was around the time of the increased credit availability and borrowing costs. But now what we see now is debt levels will increase undoubtedly because of the pendant increases now in interest rates.

We see the international markets in essentially free fall to what's taking place in terms of bond markets, debt levels at unsustainable levels geopolitically and uh here in Ireland they're wide open to any financial shock because of the reliance on foreign direct investment and multinationals which uh leaves us completely vulnerable to any international shock. And we see that with the skyhigh energy costs as well. But when you see the wild west of Ireland and what I demonstrated.

There in terms of the house that was down on Final Avenue in Dublin 12. This really shows you the frenzy that's taking place in Ireland. the desperation to secure a home and many who are completely unaffordable for the vast majority of people.

Perhaps some form of crash has already happened in terms of the additional money that's been pumped into the system to keep value of our money falling but also wages falling and transfers more money upwards. to those uh speculators and investors who are making rampant profits from what's taking place. But yet the Irish government talk about supply, supply, supply as if there will be a magical equilibrium between demand and supply.

“to those uh speculators and investors who are making rampant profits from what's taking place”

But you have to address the demand side measures and the Irish government have no intention of doing that and have no intention of doing that because we've seen what's happening with the labor market and the availability of cheap international labor plus wealthy international labor which is part of the globalization agenda where you have the free movement of capital, you have the free movement of labor. So who loses out? Well, it's low and middle inome earners that lose out because of these.

Policies and Irish citizens being pushed by the Irish

Policies and Irish citizens being pushed by the Irish government. And the narrative is always more supply. But there's a massive massive windfall to be made by the bankers, by the estate agents, by many of those vested interests as more money gets transferred upwards in Irish society. Because you have a society in Ireland, more like an economy where the richest 10% have 50% of the wealth yet the bottom 10% have or bottom 50% rather have uh 10% of.

The wealth. So much for fairness, so much for redistribution of wealth, so much for making basic necessities affordable for people. So, thanks for joining me today and walk through this area. And u as I said, this area is rookies walking town uh nearest to the Green Hills direction. And it's just madness to what's taken place in Irish society when you see that little case in point with that property that was for sale last year and sold for.

€750,000 and then subsequently now is up for sale at € 600,000 at the uh the side garden with planning permission for two houses. Madness. But uh there we have it. So let me know what you think in the comments and thanks so much for supporting my videos as well.

Transcript generated from the video’s captions and lightly segmented — watch the original on YouTube →