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Where do first time buyers on Primetime get 400k? What jobs have they? Is it staged?

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    #122
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    Geuze wrote: »
    CSO earnings data:

    http://www.cso.ie/en/statistics/earnings/

    http://www.cso.ie/en/releasesandpublications/er/elcq/earningsandlabourcostsq32013finalq42013preliminaryestimates/#.U339X_ldWSo

    Average weekly earnings = 687, or 36k pa.
    Lies, damn lies and statistics. :)

    Both figures could feasibly be true depending on whether you're quoting earning figures just for PAYE employees, earnings for PAYE and non-PAYE workers, or income for all people regardless of employment status.

    Of course, for the purpose of talking about mortgages, we're not really interested in the incomes of unemployed people since they won't be purchasing property.


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    #123
    Geuze
    Registered Users Posts: 13,439 ✭✭✭✭Geuze


    seamus wrote: »
    Lies, damn lies and statistics. :)

    Both figures could feasibly be true depending on whether you're quoting earning figures just for PAYE employees, earnings for PAYE and non-PAYE workers, or income for all people regardless of employment status.

    Of course, for the purpose of talking about mortgages, we're not really interested in the incomes of unemployed people since they won't be purchasing property.



    http://www.cso.ie/en/releasesandpublications/er/elcq/earningsandlabourcostsq32013finalq42013preliminaryestimates/#.U34RJvldWSo

    From what I read here, it's just employed workers that are inclded in the earnings data.

    Self-employed don't seem to be included.

    Obviously unemployed aren't included in earnings data.


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    #124
    Geuze
    Registered Users Posts: 13,439 ✭✭✭✭Geuze


    seamus wrote: »

    Of course, for the purpose of talking about mortgages, we're not really interested in the incomes of unemployed people since they won't be purchasing property.

    Yes, indeed, the incomes of people about to buy houses will tend to be well above these averages.

    The income of people buying houses in SCD, as in the TV show, will be higher again.

    But I still think 500k for a semi in Dundrum is crazy.


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    #125
    Theboinkmaster
    Registered Users Posts: 3,995 ✭✭✭Theboinkmaster


    Geuze wrote: »

    But I still think 500k for a semi in Dundrum is crazy.

    I agree but seems most people are fvcking morons with a sheep mentality and have learned nothing over the past 10 years.


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