You’d think being that far out from the city (the outskirts of Greystones), you’d be having to pay far less than €1200-1550…
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53k net is approx €80k gross per year, which all things considered is a very high salary.
Are we now saying that even those lucky people on high salaries need to support of these schemes to rent? Crazy.
1550 for a three bed is extremely good value for rentals.
To rent the 3 beds you have to have a minimum net household income of €52,450, and the max income is €53,000. A very lucky few will be in that exact range!
Another poorly designed scheme that has been outsourced by the government.
To be eligible to rent the one beds, you need a gross income of about €57,000.
You can’t rent if you already own a property? Huh
Wow, huge numbers!
For a single working person, the one bed apartments are still completely unaffordable.
You’d need about €60,000 gross to meet the affordability requirement, and a couple living there will have to move if they start a family.
My brother was hoping to live there, we’re from the area and he’s got a good job locally and now he doesn’t know where he’ll go when his lease is up soon.
Fucking ridiculous!
€1,200 a month for a one bed, and that’s considered an affordable rate. This whole situation is completely fucked.
“Rent for the apartments will start at €1,220 for a one-bed unit, and will be an average of 30% below market rate.
Eligible tenants must have a net household income of below €53,000 a year. The LDA said this would make the apartments a viable option for households on low to moderate incomes who do not qualify for social housing.”
Is it just me or do these numbers not make any sense? I don’t know where they’re getting “30% below market rate” considering the average price/month per bedroom in both Galway and Dublin is around 600-900/month per bed.
Low to moderate incomes in my view is between €25k and €40k income per year. How the fuck is this supposed to be targeted towards low to moderate incomes when the rent is approximately 20-50% of the average person’s income? Oh and it’s not even in the middle of a city with more useless/nonexistent amenities around it. Oh it has a supermarket nearby, well I suppose that’s high-class enough to consider the extortionate rent and not at all the bare minimum requirement service for the modern world. If this is what the government is doing to fix the housing crisis it isn’t helping at all. It’s just blatantly trying to force the average rent price for the country up even further.
As I’m reading down the comments it really shows one thing in particular… People complaining about housing are really never going to be happy no matter what.
Not like 94 apartments are going to solve the housing crisis but it should be good news but everyone is complaining. Yeah it’s expensive still even as a cost rental, building is expensive aswell, so is managing property. even taking away the land cost i saw a guy on this sub yesterday saying he’s getting a grand a day doing electrical work at the moment with the sheer lack of tradesmen. And the cost of material has skyrocketed, I was costing up some timber last week and it was almost 3x what I paid for similar just a couple years ago.
13 comments
You’d think being that far out from the city (the outskirts of Greystones), you’d be having to pay far less than €1200-1550…
[deleted]
53k net is approx €80k gross per year, which all things considered is a very high salary.
Are we now saying that even those lucky people on high salaries need to support of these schemes to rent? Crazy.
1550 for a three bed is extremely good value for rentals.
To rent the 3 beds you have to have a minimum net household income of €52,450, and the max income is €53,000. A very lucky few will be in that exact range!
Another poorly designed scheme that has been outsourced by the government.
To be eligible to rent the one beds, you need a gross income of about €57,000.
You can’t rent if you already own a property? Huh
Wow, huge numbers!
For a single working person, the one bed apartments are still completely unaffordable.
You’d need about €60,000 gross to meet the affordability requirement, and a couple living there will have to move if they start a family.
My brother was hoping to live there, we’re from the area and he’s got a good job locally and now he doesn’t know where he’ll go when his lease is up soon.
Fucking ridiculous!
€1,200 a month for a one bed, and that’s considered an affordable rate. This whole situation is completely fucked.
“Rent for the apartments will start at €1,220 for a one-bed unit, and will be an average of 30% below market rate.
Eligible tenants must have a net household income of below €53,000 a year. The LDA said this would make the apartments a viable option for households on low to moderate incomes who do not qualify for social housing.”
Is it just me or do these numbers not make any sense? I don’t know where they’re getting “30% below market rate” considering the average price/month per bedroom in both Galway and Dublin is around 600-900/month per bed.
Low to moderate incomes in my view is between €25k and €40k income per year. How the fuck is this supposed to be targeted towards low to moderate incomes when the rent is approximately 20-50% of the average person’s income? Oh and it’s not even in the middle of a city with more useless/nonexistent amenities around it. Oh it has a supermarket nearby, well I suppose that’s high-class enough to consider the extortionate rent and not at all the bare minimum requirement service for the modern world. If this is what the government is doing to fix the housing crisis it isn’t helping at all. It’s just blatantly trying to force the average rent price for the country up even further.
As I’m reading down the comments it really shows one thing in particular… People complaining about housing are really never going to be happy no matter what.
Not like 94 apartments are going to solve the housing crisis but it should be good news but everyone is complaining. Yeah it’s expensive still even as a cost rental, building is expensive aswell, so is managing property. even taking away the land cost i saw a guy on this sub yesterday saying he’s getting a grand a day doing electrical work at the moment with the sheer lack of tradesmen. And the cost of material has skyrocketed, I was costing up some timber last week and it was almost 3x what I paid for similar just a couple years ago.