254 From Crisis to Chaos: Is the Housing System Beyond Repair?
Behind The Facade - Real Estate Investing
Release Date: 05/06/2025
Behind The Facade - Real Estate Investing
Kyle McGee has raised $11 million from 50 investors. He is in his early thirties, and almost none of that money came from institutions. It came from aunts, uncles, family friends, and people who have sat in the same church as him for 30 years. This week I am breaking down syndication: the model where you raise money from a group of investors to buy an asset far bigger than you could buy on your own. It is not new. Irish partnerships were doing it in the early 2000s, including the syndicate that outbid a Saudi prince for the Savoy Hotel Group. Kyle is doing it at a more modest scale on the...
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My father died in November 1993. When we finally opened the pile of post he had left behind, one letter showed the interest rate on the family home mortgage. It was 16%. In this episode I build what I am calling the Interest Rate Ladder. Every rung of ECB policy since the bank was created in 1999, priced against the same loan so you can see exactly what each rate does to a real monthly payment. The loan: €300,000, 25-year term, tracker at ECB plus 1%. We start where we are now, at a main refinancing rate of 2.4% and a payment of €1,486 a month. Then we climb down through the cutting...
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REGISTER FOR WORKSHOP - *** BTF Episode: 276. Irish Property News Roundup for Week Ending 12.06.26 All the news impacting the Irish property market in one place. If you enjoyed this episode please leave a review! *** Support for the podcast: Buy me a Coffee: Learn more about my Accelerator:
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LEARN MORE 👉🏼 *** BTF Episode: 275. From Six-Pack to Seven Figures with Rob Lipsett Rob Lipsett has built Ireland's biggest fitness brand from his iPhone 5 and a few hours of grind after a 9-to-5. But this conversation isn't about health and fitness, it's about what comes after you've built your audience. We sat down in Marbella to talk business, property, and what it really takes to turn a personal brand into a long-term asset. Rob is one of the sharpest operator-creators I've come across — and his journey from college dropout to Villa Lipsett has lessons that go...
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LEARN MORE 👉🏼 *** BTF Episode: 274. Is the 5x Income Mortgage a Dangerous Sign? Ireland’s mortgage market is shifting again, with Nua Money now offering up to 5x income borrowing. In this episode, we break down the history of Ireland’s lending rules and explore the potentially dangerous second-order effects of expanded credit colliding with rising construction costs and housing shortages. If you enjoyed this episode please leave a review! *** Support the channel:
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LEARN MORE 👉🏼 *** My guest this week is Chalie Fitzgibbon who built a construction and development business in Edinburgh, Scotland, scaled it to a staff of 110 before grappling with some serious challenges that drove him to the decision to sell the business. All before his 30th birthday - this episode will open your eyes. If you enjoyed this episode please leave a review! Thank you *** Support the channel:
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Is a property market crash coming in 2026? After a five-month break from the podcast, Gavin J Gallagher returns to make the case that we have just entered year one of a new 18-year property cycle, and that year one historically starts with a downturn. The episode opens with a personal story. In January, Gavin and his family stayed in the Fairmont on the Palm in Dubai, in a city-view room overlooking the car park. Weeks later that exact spot was the first impact site of the Iranian drone attack on Dubai. What followed has reshaped the risk picture for property investors in Ireland, the UK and...
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LEARN MORE 👉🏼 *** BTF Episode: 271. A Conversation on Property Development with James Askew In this episode I discuss property development with James Askew of Aspinel Homes. We cover the UK property market and the challenges faced by many developers who are trying to scale in a difficult market - I hope you enjoy! If you enjoyed this podcast please like and subscribe! *** Support the channel:
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LEARN MORE 👉🏼 *** BTF Episode: 270. A Conversation on Property Development with James Askew This week I am breaking down part of my ORC framework, specifically Risk and your assessment of the different risks and potential outcomes that exist - I hope you enjoy! If you enjoyed this podcast please like and subscribe! *** Support the channel:
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LEARN MORE 👉🏼 *** BTF Episode: 269. A Conversation on Property Development with James Askew Christmas and the New Year is upon us so I thought I would give you a brief update on the market and what I am up to - I hope you enjoy! If you enjoyed this podcast please like and subscribe! *** Support the channel:
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Episode 254. From Crisis to Chaos: Is the Housing System Beyond Repair?
In this episode, I confront the accelerating dysfunction in Ireland’s housing system. I explore why the traditional narrative that paints landlords as villains is flawed and how the exodus of landlords is shrinking rental supply, driving rents to unsustainable levels. I dive into the unintended economic consequences of this landlord exodus and the knock-on effects it has on recruitment, foreign investment, and job growth.
The episode also tackles the failed appointment of a “housing czar” and the political gridlock stalling progress, as well as the economic warning from Ireland’s Central Bank governor. I question whether we’re truly facing a crisis—or has it now become chaos?
If you enjoyed this podcast please like and subscribe!
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