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First Time Buyer Homes (Dublin)

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    #32
    Ciaran_B
    Users Awaiting Email Confirmation Posts: 1,518 ✭✭✭Ciaran_B


    Walkinstown or Crumlin would be what I would suggest. Ticks all the OPs boxes, close(ish) to town, good transport links. Crumlin has a bad rep but I lived there for 30 years and never had any hassle. (yes, conformation bias - I know)


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    #33
    kennyb3
    Registered Users Posts: 6,724 ✭✭✭kennyb3


    moxin wrote: »
    No, you're twisting words. If there was a properly functional market without interference, areas currently in the 250k bracket would be in the 150-220k bracket.

    I think your if is your down fall here. When do you expect there ever to be a properly functioning market in Ireland? And what do you define as one?

    Lets remember the CGT exemption for holding a property for 7 years has just been extended for 2014. (and if you go to Revenue.ie and look at the PDF document on the second line it declares that is to stimulate the housing market)

    In the past we've had MIR and LPT exemptions. When would you expect the government to stop interfering?

    With only 2,700 properties in dublin city per daft.ie compared to 5,000 properties 20 months ago - supply is clearly the main issue. However there is nothing concrete to suggest this will increase to any great degree.

    It's nice to be able to say you should be able to buy a property in an average area for an average household income based on 3.5 times that income.

    Problem is;

    - what's an average deposit?
    - Average income relates to the country as a whole, you're discussing areas in the capital city. What's the average household income in Dublin?
    - What's an average area? (if you can get agreement you are doing well)
    - Should you use 3.5 times or 4.5times. One income or two? 3.5times 1 + half the other?
    - Does your working take account of cities v's rural locations?
    - Certain people might not want kids greatily increasing affordability
    - Others might have guaranteed jobs with guaranteed increments
    - The current cost of rent is a factor

    My overall point is that everything doesn't neatly fit within an average, there are market interferences/emotions etc at play and as I've noted above it's not as straight forward as you are trying to suggest.

    Fundamentals should be used - yes of course. But each person needs to assess their own affordability based on their personal circumstances and what they perceive as affordable and houses/area that are value given this. Even within a given area there are good value and bad value houses.

    Anyway I think you get my point.


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    #34
    MouseTail
    Registered Users Posts: 1,663 ✭✭✭MouseTail


    moxin wrote: »
    250k houses are not located in the "most desirable" areas if by that phrase you mean affluence like Foxrock mentioned earlier.

    By 'most desirable' I mean what it says on the tin, the areas where demand is highest. If demand outstrips supply, obviously those on below the average wage cannot compete.


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    #35
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Been able to afford to buy a property is not a right. I prefer such rights to education and health.


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    #36
    jon1981
    Registered Users Posts: 4,359 ✭✭✭jon1981


    lima wrote: »
    It's really interesting that the 'forces' behind the prices don't agree with me. Perhaps it's Irish people low expectations.

    Old Kilmainham road is depressing, nothing there. S*itty little cottages.

    Kilmainham Lane is depressing too.

    Emmt Rd & Inchicore Rd - there is nothing there.

    South Circular from hospital to Suir Rd is the only nice part. Close to Luas too.

    http://www.independent.ie/lifestyle/property-homes/family-purchasers-playing-big-role-in-this-popular-area-29944911.html I think youre in the minority Lima!!!


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    #37
    lima
    Registered Users Posts: 1,239 ✭✭✭lima


    jon1981 wrote: »
    http://www.independent.ie/lifestyle/property-homes/family-purchasers-playing-big-role-in-this-popular-area-29944911.html I think youre in the minority Lima!!!

    1. It's the Independent.
    2. It's talking about D8. Portobello is far superior than Kilmainham
    3. I can afford up to €350k and I wouldn't piss on Kilmainham.


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    #38
    jon1981
    Registered Users Posts: 4,359 ✭✭✭jon1981


    lima wrote: »
    1. It's the Independent.
    2. It's talking about D8. Portobello is far superior than Kilmainham
    3. I can afford up to €350k and I wouldn't piss on Kilmainham.

    Portobello is D8...

    And what are you trying to prove with your affordability?!?


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    #39
    Muahahaha
    Registered Users Posts: 19,647 ✭✭✭✭Muahahaha


    handlemaster wrote: »
    No matter what there will always be places where people want to live more than others. In Ireland this Dublin. Within Dublin you have preferential areas this drives demand and thus different prices for different areas. Applying socialist ideologpy to a capitalist market is fruitile.

    Sure isn't that what FF/FG have allowed the banks to do- socialise their losses onto the taxpayer while privatising the profits. Property developers too- if they have their way soon NAMA will begin selling them back their loans at huge discounts, losses go onto the taxpayer, profits go to their pockets :mad:


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    #40
    lima
    Registered Users Posts: 1,239 ✭✭✭lima


    jon1981 wrote: »
    Portobello is D8...

    And what are you trying to prove with your affordability?!?

    The article is talking about D8. You are correct in saying that Portobello is D8. You are talking about specifically about Kilmainham and the article is talking about D8, which includes areas superior to Kilmainham such as Portobello.

    Each to their own but personally for my own valid reasons given I would not say Kilmainham is a good area to live in, other than it is close to the city centre. It is also dangerously close to murderous Rialto.


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