Just vote harder next time guys maybe something will change this time
A bloody mess this country is in…
Housing has become more unaffordable over the last 50-60 years as the population has grown and more high tech materials etc have been required in housing.
Previously a house was 4 walls and a roof. Now you need fireproofing, central heating etc. All positive developments but with that comes increased costs for builders and the end buyer.
Everyone will claim that landlords are greedy but to be honest, a landlord has to charge huge rents to make a 5% ROI due to the tax rates. A house costing 200k means that a landlord will charge 20k a year for renting because after tax, insurance, repairs and vacancy, he’ll be left with around 10k.(5% ROI)
Some will say that housing shouldn’t be rented. If all the landlords in Ireland sold up in the morning it’d have the following effects. 1. It would decrease house prices by a few % as demand would still be higher than supply. 2. Pensions would be badly hit and face cuts of 20-30% resulting in the worst pensions becoming junk and the state having to step in and cover the costs, meaning that they’d have to increase taxes.
There’s no magical solution to all of this as it’s being repeated across the globe. We could just look at communism and we all know how “great” that’s been in many countries. At the end of the day, it’s agree market and it’s far from perfect but govt intervention will result in cries of nanny statism.
You know things are bad when a lad working for NASA can’t afford his own place.
My younger brother is in the same situation – 35 and living with my parents in Dublin. It’s a complete joke that someone working full time (he is a carpenter) can’t afford to at least rent somewhere.
I live in Manchester and pay less to rent a 2 bedroom apartment (single parent of two boys) than my younger sister pays to live in a shared house in Lucan.
I’d say your age has nothing to do with it. And shouldn’t. That stigma just has to die bc a valid age to still be living with your parents will go up and down depending on who ever is giving off about it.
I say, regardless of financial BS, people should stay at home as long as they can to get them selves and even handier start in life.
All the while helping their parents etc. Then when they do go off on their own, if they have their heads screwed on, they will be stronger independent people.
Hopefully.
Honest question because I think the turnover through funds has impacted it, but would a minimum year holding on housing help the market do you think? By forcing and house sale to be held for 5 years, no resale one year later etc that way first time buyers would easily dedicate to getting a house whereas the funds industry would have to realign with buy/sell of it all.
It wouldn’t help renters is the only thing for the industry’s that do actually hold and just rent, lots more things need to be done to help of course, a somewhat forced market crash via the government would help a lot of people but that could be ages away with who is in charge at the moment
I’m in the same boat. With 2 kids and a missus. Having to sign the house over to me so I can remortgage, add onto it and make it livable. This is something I never wanted to have to do. Full time working for myself as a plumber.
Came home from Canada and wish I never did. This country is fucked.
Trying to get a very modest mortgage at the moment ( repayments would be 300pm less than current rent) and it’s absolute hell. My advisor is only contacting me by email about once a week and is impossible to get a hold of over the phone. I’ve supplied him with all of the required paperwork about a month ago and he keeps coming back with a lower and lower mortgage value each time despite none of our circumstances changing. If anything they are better now because I got a raise at the end of April.
I understand they’re a business at the end of the day but it’s clear as day that they are prioritising those clients that are after the big value mortgages. Makes an already shitty situation a lot worse.
Fucked up. I bought a house with my partner in Waterford 5 years ago and our mortgage repayment is way smaller than what we were paying in rent. My neighbour was telling me he’s planning on moving because they want to put the rent up on him to over €900. I’m paying sub 600 for a mortgage on an identical house.
Probably going to get downvoted to hell but I don’t care:
1st guy runs a kickboxing gym. Note no other job is listed. This is mainly an evening gig 2-3 hours an evening. It is hardly going to put you in the best financial position.
2nd guy guitar on back according to his linkedin is a conversation intern again with a big picture that he plays guitar. A 30 year old intern from a company that is not in Ireland. So looks like no job other than busking.
We will skip the 3 lady as clearly she has it hard and works. The last person is a student. So for 1,2,4 yeah it’s shit that you can’t afford rent when not working full time. Rents were crazy before also and wages were really poor also.
when I moved to Cork in 2015 I was paying 350 euros for a room. having moved here from London I felt it was cheap. ffw 7 years later, I had to move out of the flat because the room got to cost 750 euros.
I see my self having my own home in future. But it will be one of these log home, caravan, modified shipping container or something like that. Then I’ll build a little bungalow slowly. That’s my plan. Shipping container prob around 4-5k fully furnished
It is such a mess, I think such people have to scrimp and save with their parents for a few years and then nail a rundown older town house (they are out there still), or else try to get a council house.
The recent census has shown that there is 100’s of thousands of vacant liveable houses in this country. If the government has the appetite to deal with them, this would go a long way towards sorting out current issues.
It’s all subjective
Just keep voting for the same government guys. It will work out.
>I think it’s just greed to be honest
Can people honestly STFU with this garbage. As if this lad or anyone else would leave money on the table – you would in your hole. It is a total failure to build rental accommodation and supply/demand does the rest.
400 to 750, Is it not full on illegal to raise rents by that much over two years?
Yet there are 271 air BnB s (entire units ) in Waterford right now
Rent in Donegal is 400-550 still less in some parts.
Probably the only good thing about Donegal
Waterford – best place to live in Ireland….if ya can find anywhere
i am in this situation im 37(F) and single living at home with my parents, earn too much to qualify for social housing, but not enough to afford to buy an apartment in Dublin.
The current schemes the government are running are only for new builds which start off at €350k which is twice as much as i can afford.
Boils my p*ss that whenever I have a conversation with anyone about my situation there answer is always ‘sure have a baby and get a free house’. no joke that’s a daily comment i get from people as an answer to my housing situation!
Town/country is gone to the dogs boi
I’m glad you’s all think it’s a big joke. Why are people not out in the street protesting?
It’s an uncomfortable topic to bring up but alot of pressure would be relieved if we rethought about social housing allocation in this country.
Not everyone can live in Dublin city and I would suggest that people with a history of employment (min wage job employment) be prioritised for social Housing over those with no history of employment (medical cards not withstanding). There is vacant properties in dying towns elsewhere in the country that could should be prioritised for people who don’t really need (just want to) to be in the city.
Then you have the people who don’t qualify for social housing (but pay taxes to fund those who do) unable to afford rent in the city so they commute 3 hours a day to do so. There’s prime locations currently used for social housing that could be redeveloped for working professionals (and a social housing allocation also).
Moved from dublin to Belfast 2 years ago rent was €1.6k in D4 for an apartment
Bought house on upper Lisburn road in Belfast for £160k and mortgage is £500 per month
Dublin is a mess the same house would be like €800k in Dublin at least madness. What are people going to do when they are old in dublin and still renting?
Late 20’s here and my brother has gone into the 30’s.
Yeah I don’t hold out much hope of owning my property that isn’t a derelict shithole anymore. Bank of mam and dad would be the thing that could save that which is a sad indictment of the country.
Thanks FFG!
It’s not just rent that’s a factor. Relationships or a lack thereof also plays a part.
It’s hard enough to find a good place for 2 people but on your own you’d need to be ridiculously well off to live alone it seems. In Dublin at least.
I’m 35, I live with my mother, I’m not embarrassed by it but also no one has ever taken shots at me cos they know how difficult it is for everyone the last while.
Every situation is different too. Its just me and my Mam, she’s closer to 80 than 70, even if I had money to move out I’d have to think twice about a lot of stuff. She had a fall one night, thankfully is all okay, but if I wasn’t there by her own admission she would’ve been on the floor all night cos her phone was too far away and she has bad knees.
The idea of having that happen and not being there scares the fucking shit out of me.
I wish I could get a house for €750 a month. You’d be lucky to get a room in Dublin for that nowadays.
I’ve seen rooms in Limerick for 700-800 quid and it’s Monday to Friday and/or owner occupied.
Part of the problem that goes back years is people who qualified for social housing just passing them on to family members
I have a 6 figure. I need to move next month as Landlord is selling. I thought i’d find something by now. But I am thinking I will be back with my parents if I want to stay near the city. I can afford the rent, I just cant find a place.
33 comments
Just vote harder next time guys maybe something will change this time
A bloody mess this country is in…
Housing has become more unaffordable over the last 50-60 years as the population has grown and more high tech materials etc have been required in housing.
Previously a house was 4 walls and a roof. Now you need fireproofing, central heating etc. All positive developments but with that comes increased costs for builders and the end buyer.
Everyone will claim that landlords are greedy but to be honest, a landlord has to charge huge rents to make a 5% ROI due to the tax rates. A house costing 200k means that a landlord will charge 20k a year for renting because after tax, insurance, repairs and vacancy, he’ll be left with around 10k.(5% ROI)
Some will say that housing shouldn’t be rented. If all the landlords in Ireland sold up in the morning it’d have the following effects. 1. It would decrease house prices by a few % as demand would still be higher than supply. 2. Pensions would be badly hit and face cuts of 20-30% resulting in the worst pensions becoming junk and the state having to step in and cover the costs, meaning that they’d have to increase taxes.
There’s no magical solution to all of this as it’s being repeated across the globe. We could just look at communism and we all know how “great” that’s been in many countries. At the end of the day, it’s agree market and it’s far from perfect but govt intervention will result in cries of nanny statism.
You know things are bad when a lad working for NASA can’t afford his own place.
My younger brother is in the same situation – 35 and living with my parents in Dublin. It’s a complete joke that someone working full time (he is a carpenter) can’t afford to at least rent somewhere.
I live in Manchester and pay less to rent a 2 bedroom apartment (single parent of two boys) than my younger sister pays to live in a shared house in Lucan.
I’d say your age has nothing to do with it. And shouldn’t. That stigma just has to die bc a valid age to still be living with your parents will go up and down depending on who ever is giving off about it.
I say, regardless of financial BS, people should stay at home as long as they can to get them selves and even handier start in life.
All the while helping their parents etc. Then when they do go off on their own, if they have their heads screwed on, they will be stronger independent people.
Hopefully.
Honest question because I think the turnover through funds has impacted it, but would a minimum year holding on housing help the market do you think? By forcing and house sale to be held for 5 years, no resale one year later etc that way first time buyers would easily dedicate to getting a house whereas the funds industry would have to realign with buy/sell of it all.
It wouldn’t help renters is the only thing for the industry’s that do actually hold and just rent, lots more things need to be done to help of course, a somewhat forced market crash via the government would help a lot of people but that could be ages away with who is in charge at the moment
I’m in the same boat. With 2 kids and a missus. Having to sign the house over to me so I can remortgage, add onto it and make it livable. This is something I never wanted to have to do. Full time working for myself as a plumber.
Came home from Canada and wish I never did. This country is fucked.
Trying to get a very modest mortgage at the moment ( repayments would be 300pm less than current rent) and it’s absolute hell. My advisor is only contacting me by email about once a week and is impossible to get a hold of over the phone. I’ve supplied him with all of the required paperwork about a month ago and he keeps coming back with a lower and lower mortgage value each time despite none of our circumstances changing. If anything they are better now because I got a raise at the end of April.
I understand they’re a business at the end of the day but it’s clear as day that they are prioritising those clients that are after the big value mortgages. Makes an already shitty situation a lot worse.
Fucked up. I bought a house with my partner in Waterford 5 years ago and our mortgage repayment is way smaller than what we were paying in rent. My neighbour was telling me he’s planning on moving because they want to put the rent up on him to over €900. I’m paying sub 600 for a mortgage on an identical house.
Probably going to get downvoted to hell but I don’t care:
1st guy runs a kickboxing gym. Note no other job is listed. This is mainly an evening gig 2-3 hours an evening. It is hardly going to put you in the best financial position.
2nd guy guitar on back according to his linkedin is a conversation intern again with a big picture that he plays guitar. A 30 year old intern from a company that is not in Ireland. So looks like no job other than busking.
We will skip the 3 lady as clearly she has it hard and works. The last person is a student. So for 1,2,4 yeah it’s shit that you can’t afford rent when not working full time. Rents were crazy before also and wages were really poor also.
when I moved to Cork in 2015 I was paying 350 euros for a room. having moved here from London I felt it was cheap. ffw 7 years later, I had to move out of the flat because the room got to cost 750 euros.
I see my self having my own home in future. But it will be one of these log home, caravan, modified shipping container or something like that. Then I’ll build a little bungalow slowly. That’s my plan. Shipping container prob around 4-5k fully furnished
It is such a mess, I think such people have to scrimp and save with their parents for a few years and then nail a rundown older town house (they are out there still), or else try to get a council house.
The recent census has shown that there is 100’s of thousands of vacant liveable houses in this country. If the government has the appetite to deal with them, this would go a long way towards sorting out current issues.
It’s all subjective
Just keep voting for the same government guys. It will work out.
>I think it’s just greed to be honest
Can people honestly STFU with this garbage. As if this lad or anyone else would leave money on the table – you would in your hole. It is a total failure to build rental accommodation and supply/demand does the rest.
400 to 750, Is it not full on illegal to raise rents by that much over two years?
Yet there are 271 air BnB s (entire units ) in Waterford right now
Rent in Donegal is 400-550 still less in some parts.
Probably the only good thing about Donegal
Waterford – best place to live in Ireland….if ya can find anywhere
i am in this situation im 37(F) and single living at home with my parents, earn too much to qualify for social housing, but not enough to afford to buy an apartment in Dublin.
The current schemes the government are running are only for new builds which start off at €350k which is twice as much as i can afford.
Boils my p*ss that whenever I have a conversation with anyone about my situation there answer is always ‘sure have a baby and get a free house’. no joke that’s a daily comment i get from people as an answer to my housing situation!
Town/country is gone to the dogs boi
I’m glad you’s all think it’s a big joke. Why are people not out in the street protesting?
It’s an uncomfortable topic to bring up but alot of pressure would be relieved if we rethought about social housing allocation in this country.
Not everyone can live in Dublin city and I would suggest that people with a history of employment (min wage job employment) be prioritised for social Housing over those with no history of employment (medical cards not withstanding). There is vacant properties in dying towns elsewhere in the country that could should be prioritised for people who don’t really need (just want to) to be in the city.
Then you have the people who don’t qualify for social housing (but pay taxes to fund those who do) unable to afford rent in the city so they commute 3 hours a day to do so. There’s prime locations currently used for social housing that could be redeveloped for working professionals (and a social housing allocation also).
Moved from dublin to Belfast 2 years ago rent was €1.6k in D4 for an apartment
Bought house on upper Lisburn road in Belfast for £160k and mortgage is £500 per month
Dublin is a mess the same house would be like €800k in Dublin at least madness. What are people going to do when they are old in dublin and still renting?
Late 20’s here and my brother has gone into the 30’s.
Yeah I don’t hold out much hope of owning my property that isn’t a derelict shithole anymore. Bank of mam and dad would be the thing that could save that which is a sad indictment of the country.
Thanks FFG!
It’s not just rent that’s a factor. Relationships or a lack thereof also plays a part.
It’s hard enough to find a good place for 2 people but on your own you’d need to be ridiculously well off to live alone it seems. In Dublin at least.
I’m 35, I live with my mother, I’m not embarrassed by it but also no one has ever taken shots at me cos they know how difficult it is for everyone the last while.
Every situation is different too. Its just me and my Mam, she’s closer to 80 than 70, even if I had money to move out I’d have to think twice about a lot of stuff. She had a fall one night, thankfully is all okay, but if I wasn’t there by her own admission she would’ve been on the floor all night cos her phone was too far away and she has bad knees.
The idea of having that happen and not being there scares the fucking shit out of me.
I wish I could get a house for €750 a month. You’d be lucky to get a room in Dublin for that nowadays.
I’ve seen rooms in Limerick for 700-800 quid and it’s Monday to Friday and/or owner occupied.
Part of the problem that goes back years is people who qualified for social housing just passing them on to family members
I have a 6 figure. I need to move next month as Landlord is selling. I thought i’d find something by now. But I am thinking I will be back with my parents if I want to stay near the city. I can afford the rent, I just cant find a place.