Ronan Lyons

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Ronan Lyons

Ronan Lyons

@ronanlyons

Housing, cities, history. Often at the same time. Professor @tcdeconomics, Co-Director @ceph_ie. Dad of 3, husband of 1. Soccer/rugby fan.

Dublin, Ireland Katılım Aralık 2008
993 Takip Edilen24.9K Takipçiler
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Ronan Lyons
Ronan Lyons@ronanlyons·
My online course on the Economics of the Property Market is back and we're looking forward to having lots of you on it in 2021! See link (and next tweet) for more details - and if you sign up, the discount code twtr2021 will get you a reduced rate... tcd.ie/Economics/CPD/
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Arpit Gupta
Arpit Gupta@arpitrage·
Remote work has led to a pretty massive and continued decline in real rents in major urban areas, but no one seems happy about it
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Ronan Lyons
Ronan Lyons@ronanlyons·
@Eamonnmoran @eurofound The size of the rental sector in the last 20y in OECD is probably a bit larger than in the previous 30-40 but is still well below the historical norm from mid/late 19C to mid 20C. Renter share is an unusual metric for neolib'n given it would imply DE/AT/CH are "most" neolib.
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Ronan Lyons
Ronan Lyons@ronanlyons·
Ireland is not unique in Europe when it comes to failing its younger adults on housing. It's just one of the more extreme cases. My latest piece for The Currency drawing on cross-country research I contributed to for @eurofound. thecurrency.news/articles/21542…
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Ronan Lyons
Ronan Lyons@ronanlyons·
@Eamonnmoran @eurofound What is unique about Ireland on the demand side is the combined force of both unexpected population growth (not enjoyed by our Euro peers) and fall in underlying household size (shared by pretty much everyone). That combo means v strong demand - as well as weak supply.
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Ronan Lyons
Ronan Lyons@ronanlyons·
@Eamonnmoran @eurofound Neo-liberalisation would imply, if anything, very responsive supply (cf. Texas). The problem in the Irish housing system over the last 2-3 decades has been the ossification, the making brittle, of the housing system. Not over-regulation but bad regulation/policy.
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Ronan Lyons
Ronan Lyons@ronanlyons·
My online course, The Economics of the Property Market, is back! Registration now live for March 2 start. Across 4 sessions, you'll learn about the core economics needed, supply and demand for housing & the principles for good policy. More here... tcd.ie/economics/prog…
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Ronan Lyons
Ronan Lyons@ronanlyons·
@Eamonnmoran @pmcondon2 Thanks Eamonn! Rough estimate is that housing demand has grown at least ten-fold in the Vancouver area over the half-century or so. Unsurprisingly a 3-fold increase in supply would not be enough and prices would soar as a result. x.com/ronanlyons/sta…
Ronan Lyons@ronanlyons

@MoistlySpeaking @Blue9a @pmcondon2 Per WB, real incomes in Canada have increased 3.1x since 1960. With unit elasticity of housing demand wrt income, this combined with a 3.33x increase in HHs means a 10x increase in housing D since 1960. With only 3x supply, no wonder prices increased! data.worldbank.org/indicator/NY.G…

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Patrick Condon
Patrick Condon@pmcondon2·
Thought for the day: Nobody can explain to me why, if adding new market rate housing supply to existing neighbourhoods will reduce prices, why the price of housing in Vancouver, where we tripled housing units within existing neighbourhoods through infill, why this resulted in the highest home prices in North America.
Patrick Condon tweet media
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Diego Puga
Diego Puga@ProfDiegoPuga·
These are 10 of my favourite #UrbanEconomics & #SpatialEconomics articles published in academic journals in 2025, continuing with a tradition started in 2018 (order is alphabetical by first author, no ranking implied):
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Ronan Lyons
Ronan Lyons@ronanlyons·
Interesting correlation between the top five in the safety rankings and top five in the migration rankings! (I'd say "don't tell the anti-migration brigade" but I suspect they're happily immune from facts on this anyway.)
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Ronan Lyons
Ronan Lyons@ronanlyons·
@JackKavanagh12 I wonder could it also update Funda's plan for a giraffe zoo on an island in Dublin Bay.
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Jack Kavanagh
Jack Kavanagh@JackKavanagh12·
I asked chat gpt to create a 2025 update of the Progressive Democrats 2005 vision of Dublin lol
Jack Kavanagh tweet mediaJack Kavanagh tweet media
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Michelle Norris
Michelle Norris@mcmnorris·
Third legal challenge against 402 apartments in Dublin. The practical impact of repeated legal challenges is to make construction on these sites commercially unviable. Many developers can't service debts on stalled sites indefinitely & sell them off. irishtimes.com/crime-law/cour…
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Ronan Lyons
Ronan Lyons@ronanlyons·
@joehas That summary of Irish economic history should be offensive to an educated reader as it strips Irish people of any/all agency. It's a caricature that completely misunderstands the path of Irish economic development in the two centuries to 1850.
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Joe Haslam ☘ 🇪🇺
Thread on “Potatoes. Armies. Gold. Economics.” “Gold only allows you to buy things that already exist. Potatoes allow you to feed more people. Potatoes allow you to enslave the Irish (the only people to whom Brits truly owe reparations), forcing them to live off of potatoes grown on the tiniest plots of the worst land, while they grow grain and raise cattle that they never eat, to be exported for the British people. The British army. The British navy. “
Devon Eriksen@Devon_Eriksen_

Any story that incorporates some version of the phrase "suddenly and for no reason at all" is either a delusion or a lie. Spain didn't just fall asleep one day, suddenly and for no reason at all, because they were stupid. They imported gold, which was currency that represented value, instead of things that actually had value. Because they were on the gold standard, they had no concept of inflation, much less hyperinflation. But that's precisely what happens, even on the gold standard, if you suddenly find a whole lot of gold. The other British, by contrast, didn't find gold. They found potatoes. It may seem like a poor trade, but potatoes are wealth, and gold is not. Gold is only money. It only represents wealth that already exists elsewhere. Gold loses its power to purchase things as it becomes more common. Potatoes, on the other hand, cannot be inflated. They contain a definite caloric and nutritional value, no matter how many you have. If you have a potato, you can feed a man. If you have a million potatoes, you can feed a million. There are no diminishing returns until you run out of men. Gold only allows you to buy things that already exist. Potatoes allow you to feed more people. Potatoes allow you to enslave the Irish (the only people to whom Brits truly owe reparations), forcing them to live off of potatoes grown on the tiniest plots of the worst land, while they grow grain and raise cattle that they never eat, to be exported for the British people. The British army. The British navy. The more people you can feed, with the labor of less, the more you can spare to shoulder a musket, or hoist a sail. And suddenly Britannia, whose very existence had been threatened by the Spanish Armada several generations before, ruled the waves. And built an empire that spanned the globe, upon which the sun never set from approximately late February 1655 until May 22, 2025. Potatoes. Armies. Gold. Economics. Not an entire people, suddenly and for no reason at all, deciding to take a three hundred year nap. This is why you can't govern off vibes. However your nation is ruled, by kings or voters, they have to understand how things work, not just go grubbing after shiny objects.

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Ronan Lyons
Ronan Lyons@ronanlyons·
@wwwojtekk Also, just because Marx wouldn't set foot inside a factory doesn't meant that economists then didn't. Just look at Marshall!
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Ronan Lyons
Ronan Lyons@ronanlyons·
In no way representative, I know, but out of curiosity, would you support a congestion charge if introduced between the canals in Dublin? (Just in principle here - obviously yes, lots of details to be worked out.)
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Ronan Lyons
Ronan Lyons@ronanlyons·
@tbald101 Again, the mental gymnastics required for this are notable. Unemployment actually fell in Dublin 2022Q1-2024Q1 (from 5.8% to 4.6%) as part of a longer fall 2020-2025. It's telling that you keep looking for reasons not to attribute the change in market conditions to supply!
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Theo McDonald
Theo McDonald@tbald101·
@ronanlyons Because most of the apartments are in Dublin. Also have you considered the fact Ireland experienced one of the largest tech layoffs in Europe as a factor in this?
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Theo McDonald
Theo McDonald@tbald101·
Maybe because more supply in a financialized, investor-driven market doesn't actually reduce price? 🏘️
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