Genuine question, how does a young adult afford this? What kind of job do you have to do? Or do you have to save up for years?

33 comments

  2. You don’t. It was the same in my days of renting. Nobody could afford one beds. Sharing a two bed was luxury. Everyone else shared 3, 4 and 5 beds.

    Rent has gone crazy but don’t be looking at one beds and depressing yourself. It was never possible.

  7. I guess it’s a young couple, each throwing in €900 a month for rent and bills. Take home of €2k, it’s a decent chunk but affordable.

  9. Most of the people of my age when I was younger that had similar plush apartments, had rich parents or sold drugs, I’m afraid to say. And I say much hasn’t changed in that department since. Anything to do with technology, web development/coding, is an avenue. My only advice is to live in a place you can afford, get a job a has progressive/potential opportunities, work hard and get skilled. as you build your career, keep moving into nicer places.

  10. €1450 a month is €725 each for a couple. It’s not massively unusual for a young, well-educated couple working in an FDI industry in Galway to be clearing €2k a month each. That’s 30% of their net on rent.

    A fag packet calculation has that at about €40k gross salary each.

  11. I feel with the 2 bed they’re selling the balcony + riverfront views.

    The 1 bed price is scandalous though. There’s a housing shortage in my city in Oregon, but the USD equivalent of €1450 gets you a luxury 1 bed condo.

  12. To afford 1,450 per month? A lot for Galway but that would be cheap for a 1-bed in Dublin now.

    To answer your question, I don’t think any young person not on a very high income should be looking to live by themselves, particularly in a new apartment (A3 BER so it’s very new). You can save a lot by living with others.

    As for what jobs pay that – I don’t know about Galway but in Dublin a fair few jobs in finance and tech at a minimum. I know a good few people in their mid 20s on 70k+ but tbh none of them live alone. Might as well save your money towards a deposit.

  14. Just for comparison im currently living with my girlfriend and 2 week old renting a 1 bed for 1400 a month.now we both have decent jobs nut not amazing and we get by..have fuck all savings now but we get by

  16. That sounds pretty cheap to me although I do live in Dublin.

    To answer the question both my gf and I earn about 3250-3750 each after tax so we’d be paying 19-22% of salary on rent splitting it down the middle at €725 each.

    Affordable is considered <30%

  18. I have given up to be honest. It feels like no matter how hard I work I am forever going to be stuck at home.

  22. You need about 28k for rent and utilities. Then youd want avout another 20k to live off. So youd need a salary of aboit 75k or so. This is off the top of my head

  23. Pretty solid for what it is. Good techno it job and you’d be grand. Dublins about 2100 for half that. So don’t think it’s impossible, it’s just implausible.

  27. You don’t. You emigrate; get a well paid job in a country it’s actually worth paying that much money to live in, or go to a country where the price of living isnt exorbitant.

  28. Fun fact. I viewed one of these apartments in Gort na Coiribe in May 2016. It was €1095. That was expensive at the time. This is obscene

  30. Even on a high income it is still not worth it, better off renting a room for a couple years and getting a mortgage. But on your own, unlikely, possible, not a good financial move.

    Software Engineering pays 50k / 60k+ after 2/3 years that’s €3 to €3.5k / month.

  32. I’ll be a landlord soon, renting a 2 bed apartment for probably around the €1500 mark. I honestly don’t feel good about it. However, even at that ridiculously high rent, it doesn’t cover my mortgage after I pay tax on the rent.

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