>Architecture student Stephen Kelly got so fed up with overpriced rubbish student accommodation when he started at UCD, he took out a mortgage in 2014 and bought himself a former newsagent’s shop to live in.
Sure, it was cheap at the time, but how did he manage that as a student? He was hardly raking in the cash working behind a bar at the weekends or something like. Was he?
> I got a mortgage with my Dad’s help and bought it.
Ah ya, that’d do it alright.
But you’re hardly paying the mortgage working part time while you’re in college, right?
>I put in seven bedrooms because letting these to fellow students would pay the mortgage.
Of course you fucking did.
Love how blasé the opening paragraph is ‘Architecture student Stephen Kelly got so fed up with overpriced rubbish student accommodation when he started at UCD, he took out a mortgage in 2014 and bought himself a former newsagents shop to live in’.
So the bank just gave a student a mortgage? For how much? What’s his source of income? What collateral did Mammy and Daddy provide? How much of Deposit did he inherit from Granny?
Looking at the property price register, it sold for €420,000. If you had a 10% deposit, you’d need a mortgage of €378,000. Lets say the bank were sound to him and loaned him x4 his income. He’d still need to be making €94,500/year as a single person to qualify for that mortgage.
Gosh, why arnt all the silly students that make €94K/year not as bright as this lad!
The utter stupidity of publishing an article like this.
This article is brilliant. The obvious aspect of his dad buying him a house is one thing, but the worst offense is the way this article sets this guy up as some kind of shrewd genius student. As if the rest of us just hadn’t thought of buying a property near UCD. We’re so thick off renting rooms. It’s just gross, the kind of shite the independent peddles far too often.
>Kelly for one saw the potential. “I got a mortgage with my Dad’s help and bought it.
it’s anyone’s guess really
“Just stop being poor”!
The indos main readership are mainly retired who wouldn’t grasp the absurdity of the spin.
They definitely just publish these as ragebait to get clicks. There is no way someone wrote this as a serious inspirational piece lol. Seen similar ones on UK outlets too
I feel like this articles should come with a paid content sticker
So it says the previous owners had begun converting the shop into a living space which still looked like a shop due to shutters being down . He finished that off… so I’m gathering he basically turned a commercial premises into a residential one and didn’t bother changing the zoning on the commercial one cos it’s really hard to get a planning change from shop to residential (which is one reason why its rarely if ever done)
The smug face on him is just the icing on the cake to this article honestly
They print these stories to piss people off and gaslight them into thinking everything’s grand
“Gentlemen, when I started this company I had two things; a dream…and 6 million pounds.”
Imagine being dumb enough to agree to have your picture taken and published alongside this completely tone deaf article, and basically outing yourself for the spoonfed Mummy’s boy you really are. If your fellow students didn’t think you were a cunt before, then they surely do now.
Stupid bloody article.
Got a mortgage as a 1st year student?
No, Daddy bought a huge gaf in Dublin, renovated it and got him to rent out rooms.
How I got a house at 20 something years old. Every article.
*after x, my parents bought/gave, I inherited … I have a house*
Ahahaha this is not going to go well for him.
It’s easy when you’re really well of…. But the article seems to omit that.
Fuck off..most people don’t have developers as dads..shit story
The only thing that would make this newsworthy is if he did it while on the SUSI grant..
Ah fuck this nonsense
Meet the guy who’s dad helped out a lot
So much going on with this article.
So the mortgage thing has been talked about a lot, just got his dad to sort it for him. But I at least expected the article to say he went in and gutted it himself day in day out, he did all the fitting and painting and whatever and it really was HIM who turned it into what it is now.
And maybe he did, but they definitely don’t say so.
Given the state of renting and prices in Ireland for houses etc this just seems like the worst possible shite to write up. Read the fuckin room.
Anybody can get on the housing ladder, just make sure your spending your da’s money, not your own.
what a twat hahaha
See what can happen when you don’t have fancy pot noodles for dinner.
If somebody had posted this with a link to Waterford whispers I wouldn’t have been surprised.
I’d enjoy a translation for all the bullshit if anyone wants to add to it..
“When I started in first year I was paying silly money for an absolute kip in Rathmines. I thought ‘there has to be a better way.’” = My parents were paying my rent but Rathmines wasn’t good enough.
“I got in during the summer break and opened up the ground floor, added a modern living room extension at the back and converted the garage into a bedroom.
We built a large modern kitchen and put a more modern look on the frontage” = My Daddy got builders from his work to do up the whole place.
“I put in seven bedrooms because letting these to fellow students would pay the mortgage.” = My Daddy wanted me to have friends in College that we could also exploit financially, due to being rich enough to buy and do up this property while in first year in college.
Betcha he sounds as annoying as he looks
3 step process on how I bought a house before I was 30.
1. Meditate at 6 am every morning and eat a healthy breakfast
2. Work hard between 8am and 8pm
3. My dad is an investment banker in and give me 3 million to buy a house.
You too can follow these easy steps. Being poor is a choice /s.
Nah he probably just cancelled his Netflix subscription.
The fact that I had an easier life 6 years ago working part time in spar, then I do now, having gotten a degree and stable job in architecture is absolute shit!
33 comments
>His dad is a developer , do you think that makes it easier this him?!
No, why would more money ever make anything easier ?!
Link, if anyone’s interested: https://www.independent.ie/life/home-garden/homes/i-was-paying-silly-money-to-rent-an-absolute-kip-meet-the-student-who-turned-an-old-shop-into-a-775000-home-near-ucd-41575660.html
EDIT since I’ve now actually read the article:
>Architecture student Stephen Kelly got so fed up with overpriced rubbish student accommodation when he started at UCD, he took out a mortgage in 2014 and bought himself a former newsagent’s shop to live in.
Sure, it was cheap at the time, but how did he manage that as a student? He was hardly raking in the cash working behind a bar at the weekends or something like. Was he?
> I got a mortgage with my Dad’s help and bought it.
Ah ya, that’d do it alright.
But you’re hardly paying the mortgage working part time while you’re in college, right?
>I put in seven bedrooms because letting these to fellow students would pay the mortgage.
Of course you fucking did.
Love how blasé the opening paragraph is ‘Architecture student Stephen Kelly got so fed up with overpriced rubbish student accommodation when he started at UCD, he took out a mortgage in 2014 and bought himself a former newsagents shop to live in’.
So the bank just gave a student a mortgage? For how much? What’s his source of income? What collateral did Mammy and Daddy provide? How much of Deposit did he inherit from Granny?
Looking at the property price register, it sold for €420,000. If you had a 10% deposit, you’d need a mortgage of €378,000. Lets say the bank were sound to him and loaned him x4 his income. He’d still need to be making €94,500/year as a single person to qualify for that mortgage.
Gosh, why arnt all the silly students that make €94K/year not as bright as this lad!
EDIT
Property price register source: https://propertypriceregisterireland.com/details/2_bird_avenue_clonskeagh_dublin_14_co_dublin_ireland-120731/
The utter stupidity of publishing an article like this.
This article is brilliant. The obvious aspect of his dad buying him a house is one thing, but the worst offense is the way this article sets this guy up as some kind of shrewd genius student. As if the rest of us just hadn’t thought of buying a property near UCD. We’re so thick off renting rooms. It’s just gross, the kind of shite the independent peddles far too often.
>Kelly for one saw the potential. “I got a mortgage with my Dad’s help and bought it.
it’s anyone’s guess really
“Just stop being poor”!
The indos main readership are mainly retired who wouldn’t grasp the absurdity of the spin.
They definitely just publish these as ragebait to get clicks. There is no way someone wrote this as a serious inspirational piece lol. Seen similar ones on UK outlets too
I feel like this articles should come with a paid content sticker
So it says the previous owners had begun converting the shop into a living space which still looked like a shop due to shutters being down . He finished that off… so I’m gathering he basically turned a commercial premises into a residential one and didn’t bother changing the zoning on the commercial one cos it’s really hard to get a planning change from shop to residential (which is one reason why its rarely if ever done)
The smug face on him is just the icing on the cake to this article honestly
They print these stories to piss people off and gaslight them into thinking everything’s grand
“Gentlemen, when I started this company I had two things; a dream…and 6 million pounds.”
Imagine being dumb enough to agree to have your picture taken and published alongside this completely tone deaf article, and basically outing yourself for the spoonfed Mummy’s boy you really are. If your fellow students didn’t think you were a cunt before, then they surely do now.
Stupid bloody article.
Got a mortgage as a 1st year student?
No, Daddy bought a huge gaf in Dublin, renovated it and got him to rent out rooms.
How I got a house at 20 something years old. Every article.
*after x, my parents bought/gave, I inherited … I have a house*
Ahahaha this is not going to go well for him.
It’s easy when you’re really well of…. But the article seems to omit that.
Fuck off..most people don’t have developers as dads..shit story
The only thing that would make this newsworthy is if he did it while on the SUSI grant..
Ah fuck this nonsense
Meet the guy who’s dad helped out a lot
So much going on with this article.
So the mortgage thing has been talked about a lot, just got his dad to sort it for him. But I at least expected the article to say he went in and gutted it himself day in day out, he did all the fitting and painting and whatever and it really was HIM who turned it into what it is now.
And maybe he did, but they definitely don’t say so.
Given the state of renting and prices in Ireland for houses etc this just seems like the worst possible shite to write up. Read the fuckin room.
Anybody can get on the housing ladder, just make sure your spending your da’s money, not your own.
what a twat hahaha
See what can happen when you don’t have fancy pot noodles for dinner.
If somebody had posted this with a link to Waterford whispers I wouldn’t have been surprised.
I’d enjoy a translation for all the bullshit if anyone wants to add to it..
“When I started in first year I was paying silly money for an absolute kip in Rathmines. I thought ‘there has to be a better way.’” = My parents were paying my rent but Rathmines wasn’t good enough.
“I got in during the summer break and opened up the ground floor, added a modern living room extension at the back and converted the garage into a bedroom.
We built a large modern kitchen and put a more modern look on the frontage” = My Daddy got builders from his work to do up the whole place.
“I put in seven bedrooms because letting these to fellow students would pay the mortgage.” = My Daddy wanted me to have friends in College that we could also exploit financially, due to being rich enough to buy and do up this property while in first year in college.
Betcha he sounds as annoying as he looks
3 step process on how I bought a house before I was 30.
1. Meditate at 6 am every morning and eat a healthy breakfast
2. Work hard between 8am and 8pm
3. My dad is an investment banker in and give me 3 million to buy a house.
You too can follow these easy steps. Being poor is a choice /s.
Nah he probably just cancelled his Netflix subscription.
The fact that I had an easier life 6 years ago working part time in spar, then I do now, having gotten a degree and stable job in architecture is absolute shit!
Even looks a smug cunt