Person on a salary of €84k has application denied to rent a €2,400pm Dublin apartment as they don’t have over €10k in their savings
Person on a salary of €84k has application denied to rent a €2,400pm Dublin apartment as they don’t have over €10k in their savings
30 comments
84k and not having at least 10k in savings is kinda suspect
They need to make sure that the new tenant can afford to be extorted
Is it not the case that these places don’t want the rent to be more than 30% of a households’s gross income? That would be a income requirement of 96k here, so the household is 10k short. They have failed the stress test.
They are willing to reconsider if they can show the annual shortfall is instead shown in built up savings – presumably these leases are 12 months fixed.
What, you mean like myself and 95% of the population you don’t have 10k in savings? I imagine these people don’t get much business 😂😂😂
This should be read as I don’t even have that. It’s 95% of the population including myself are in the same position . Just to be clear
A person on 84k gross has about ~50k net, and if they spend 2.4k*12=28.8k per year, leaving them with 21.2k per year for living, or less than 2k per month. Not bad
How do they verify your savings, are you supposed to give them bank statements? That cannot be above board can it?
Fuck you! I won’t do what you tell me!
Sorry, Dublin. I work remotely and pay rent a third of that.
I wouldn’t give yis the time of day yis greedy bollixes.
Alot of places I’ve rented required income 40x the monthly rent, which would mean 96k.
Sorry your earning 84k and don’t have some savings?wtf do you spend your money on?
Isn’t Griffith Wood that God awful development on Griffith Avenue? Like they look like filing cabinets for people.
Ask for the bank statement when renting should be illegal
Odd that they finished the email with “I look forward to hearing from you” 🤔
How does a person making 80k not have 10k of savings??
I have less than €100 in the bank.
It doesn’t matter how much you earn if you can save and manage your money there is a chance you could run out of money at any time
Dodged the bullet with that one, no matter how nice the house, that landlord is a monster
The Celtic tiger couldn’t keep up with what is going on these days.
The Data Protection issues in this ridiculous information grab renters are doing just to let people rent their property needs to be cracked down on.
Looking for bank statements, payslips, job history and a whole lot of other personal, private and protected information should be a no go.
It’s an abomination that it is becoming expected to hand over information that is illegal to ask about in a job interview just to get on the list of people being considered for renting a property.
10K in savings so that you can spend it on rent. Because Gods forbid people have any amount of savings for the future. No no. That money must be spend on rent
Sums up the current Gov pretty well
https://aib.ie/our-products/mortgages/mortgage-calculator
1 single person first time buyer with no kids with no loans would need to be on at leat 116k per year gross to afford monthly repayments of that which would be a loan of 522k at 90% LTV and a deposit of 58k.
Though there is not the same risk due to the laws in here trying to get someone who doesn’t pay out for a property I would agree with them. PS I am not a landlord.
I live in GW, I think they were suspicious of the savings or maybe they showed bad financial statements. I live in mine on one salary and 2,400 is low end for here, mines more than that.
The apartments are in huge demand, they seem to fill as they are ready.
Really well finished and so far so good in terms of how they’re run. Maintenance comes same day if you’ve any issue. Full concierge, on site gym, offices etc
It’s mad money I know …
Easy solution:
1. *Log in to your online banking in the browser.*
2. *Press F12.*
3. *Select the Inspect Element tool, and click on your balance.*
4. *Add a zero.*
5. *Press enter.*
6. *Screenshot.*
7. *Get an apartment.*
With the tech sector looking shaky, whose going to afford all these shite rents?
Fun fact about the Griffith Woods development – flats were originally up for sale individually and a few local pensioners in Marino and around were buying flats so they could sell their houses at fair market rate (but no bidding wars) to their adult children. People get to live local, near their families, everybody wins.
Except one day they get a letter saying the sale is cancelled and their deposits will be returned as they’re selling the whole development to this buy-to-rent crowd…
Go to your bank website. Press F12. Alter the HTML for the Accounts Section to include 12,344 (random) in your Savings account. Ctrl P and print.
It’s more than 50% of their net monthly income of 4500. That is indeed pretty much on the risky side to grant without savings, to be quite honest.
Will thr government do anything about this fucking nonsense. I’m 25 and been looking to move out since the start of 2021 as I had to move back in to help parents and to isolate as roommates treated covid like it didn’t existed. You can’t find a place anywhere and if you do it’s 700+ for a room and not in Cork, about 30/40 min bus ride.
Bloody hell. That rent for the year is €2500 more than my families yearly income.
And they wonder why people can’t save to buy houses? And then even if they can there’s none available.
Or they want both spouses working and saving before considering you for a mortgage which makes no sense when most families would be down money, as childcare for us worked out at €80more a week than my wages (before I even thought about fuel costs for travel there and back)
Everyone is bloody out of the market now unless they’re selling to upgrade to a bigger house.
Like my league income wise is that I got pissed off because the price of butter went up another 50c this week…. (€2.19 a lb Christmas week and now €2.99).
How long before this whole bubble just collapses. Its beyond ridiculous now.
Apologies, rant over.
To be honest, if a person earning 84k doesn’t have 10k in savings then they have bigger issues (generally)