Rent prices

Cina

Augeo wrote: »

And a small percentage of young people are paying €1000 month in rent too.

How bloody dare these young people go travelling the world! Absolute entitled w*nkers the lot of 'em.

Stay at home, share a room and don't enjoy yourself lads, then you'll get a mortgage, maybe, when you're 38.

Cina

Cina wrote: »

I mean, a lot are paying not too far off it.

Don't you think it's a bit mad that a 23 year old with a full time job should be sharing a room in order to save money?
.................

Ah stop.
People have mentioned house share, not room share.
Live in Clondalkin etc and get the Luas into town if you work in the city centre.
You don't have to live in the IFSC if you work there.

Franz Von Peppercorn II

Amos Polite Fortune-teller wrote: »

Get a better job / salary.

Until then, don't live in Dublin, rent is a lot cheaper 1 hour + away.

Not very helpful these kind of comments.

Cina

Cina wrote: »

How bloody dare these young people go travelling the world! ........

not at all, grand way to spend a year.
Once you accept it's a year you wont' be saving much if anything so don't come back btching about not having a deposit as your rent is expensive.

Squidgy Black

Squidgy Black wrote: »

Most house shares are around 700-800 for a room in a house at the moment. If you can even find them.

€700/month is €3600/annum less then €1000/month.
That's €18k over 5 years........... nice wad to save up if a deposit is one of your targets to hit.

A quick search.........

https://www.daft.ie/dublin/house-share/clondalkin/6-wheatfield-cresent-clondalkin-dublin-22-clondalkin-dublin-1095247/

"A great studio, perfect for couples or roommates. There are two double beds,"
"Double Bedroom Ensuite €800 monthly"

It's not in the IFSC bla bla bla......... taxi is expensive after Thurs, Fri, Sat sess in town.......bla bla bla

Franz Von Peppercorn II

Adilynn Teeny Volleyball wrote: »

Rent prices did not "bottom out", they normalized. Even still, during the recession rent prices where still high in places.

There's an obsession with owning a house in Ireland. It can make for a nice next egg etc, but it cripples peoples for years and years.

There’s an obsession perhaps because of the rental situation. Also no more crippling, less so, than rent. With far ore security.

JustMe,K

Augeo wrote: »

Ah stop.
People have mentioned house share, not room share.
Live in Clondalkin etc and get the Luas into town if you work in the city centre.
You don't have to live in the IFSC if you work there.

The Luas isn't really in Clondalkin though, if you live anywhere outside of Monastery you are talking at least 15 mins walk to the Luas. Live in Lucan the Luas isn't an option, same for Palmerstown or Ballyfermot.

JustMe,K

JustMe,K wrote: »

The Luas isn't really in Clondalkin though, if you live anywhere outside of Monastery you are talking at least 15 mins walk to the Luas. ................

There's a fooking park and ride there
Cycle perhaps

JustMe,K wrote: »

........ Live in Lucan the Luas isn't an option, same for Palmerstown or Ballyfermot.

there are buses

Cina

Augeo wrote: »

€700/month is €3600/annum less then €1000/month.
That's €18k over 5 years........... nice wad to save up if a deposit is one of your targets to hit.

A quick search.........

https://www.daft.ie/dublin/house-share/clondalkin/6-wheatfield-cresent-clondalkin-dublin-22-clondalkin-dublin-1095247/

"A great studio, perfect for couples or roommates. There are two double beds,"
"Double Bedroom Ensuite €800 monthly"

It's not in the IFSC bla bla bla......... taxi is expensive after Thurs, Fri, Sat sess in town.......bla bla bla

Mate, you're so out of touch it's unreal.

Let's say they get that place for €800 on the median salary here, €35k pa.

By your logic they save €200 p/m so €2,400 p/y. So €24,000 in 10 years. Considering a mortgage is 10% of the cost of the property, that's nowhere near it for most places.

I'm not even sure what you're trying to argue. First you claim that rent should be more expensive than a mortgage which is pure boll*x, now you seem to be pure arguing against the idea that rent in Dublin is a rip-off? I mean, it quite clearly is a rip-off. The UN actually complained to Ireland about it!

Assetbacked

While renters are hurting now, property owners are feeling the benefits of their house prices increasing the past few years. However, the pool of first time buyers int he next ten years will be far smaller because of the rental crisis so the home owners prices will correct themselves and the market should retract significantly. The only way to change that is for the rental crisis to disappear but that isn't going to happen the next five years so saving now what can be saved by renters is important.

Based on median salaries, rental prices probably need to decrease by at least 15% and house prices 30% for the market to become more sustainable.

The_Kew_Tour

Cina wrote: »

I mean, a lot are paying not too far off it.

Don't you think it's a bit mad that a 23 year old with a full time job should be sharing a room in order to save money?

Look, there are obviously ways to save money, no doubt. I did it but I was fortunate with my renting situation and I managed to get out of rent before things really went to sh*te in Dublin, but people should be able to save money without having to make such insane sacrifices to do so, imo.

Not sharing a room. Sharing a house!!!!

I totally agree though. But I still see plenty of places on daft for 500 to 700 sharing. I started a job on 28k up in Dublin during first boom paying 520 rent and still saving €1000 a month and that was still able to get tanked in Saturday night and to Manchester every 2nd weekend to matches. I know it's slightly different price wise etc now on different things

Rent is ridiculous I'm not denying that and everyone should be able to enjoy themselves and live but until people say No more often it aint going get any better.

Of course it is so hard to even get a place in Dublin and Cork know that the numbers looking for same thing

Cina

Cina wrote: »

Mate, you're so out of touch it's unreal.

Let's say they get that place for €800 on the median salary here, €35k pa.

By your logic they save €200 p/m so €2,400 p/y. So €24,000 in 10 years. Considering a mortgage is 10% of the cost of the property, that's nowhere near it for most places. ........

Mate, folks earnings should rise over the 10 years.
You mentioned sprogs, so a couple. Two incomes.
So double your 24k and you have €48k and you've two salaries also.

And also mate, I work in Dublin but live in Kildare.

I'm so not out of touch it's like literally amazing.

it's just not what you want to hear, mate

Franz Von Peppercorn II

Augeo wrote: »

You have 10/15 years to save a deposit if you start working at 23.
That allows one to take out a 30 year mortgage at 38.

That’s the problem. That it takes 15 years to save then you are paying a mortgage for 30 years.

Anyone bitching and moaning that rent prices are stoppng them saving a deposit is masking the reality that things haven't gone well for them in the savings dept, a bit of personal accountability goes a long way at times.

You rent to put a roof over your head. If you want to save as well as rent you rent in a location or situation to faciliate that. Househare etc etc. Many want to rent a nice place and not houseshare, grand, do that. Don't wonder why you don't have a deposit in 5 years time if your spend over €1000/month renting out of a net salary of under €3000/month.

If rents were cheaper then this would be easier. As usual the defenders of a broken system personalise the issue. You personally could live in Longford. You personally could share with a dozen people. You personally if you do all this could just about meet the cut off for the 30 year mortgage at 38 and buy a mediocre house outside the M50 which you will pay back until your very last working day.

Basically you are saying here that people should houseshare until they are 38 and hopefully they can then buy a house in early middle age.

Meanwhile my parents bought a house at 25 paid off at 50.

optogirl

Amos Polite Fortune-teller wrote: »

Get a better job / salary.

Until then, don't live in Dublin, rent is a lot cheaper 1 hour + away.

Easy as that eh?

Franz Von Peppercorn II

Augeo wrote: »

Mate, folks earnings should rise over the 10 years.

Wages are stagnating.

You mentioned sprogs, so a couple. Two incomes.
So double your 24k and you have €48k and you've two salaries also.

And also mate, I work in Dublin but live in Kildare.

I'm so not out of touch it's like literally amazing.

it's just not what you want to hear, mate

Was Living in Kildare a choice you had to make or chose to make?

Franz Von Peppercorn II

The_Kew_Tour wrote: »

Not sharing a room. Sharing a house!!!!

I totally agree though. But I still see plenty of places on daft for 500 to 700 sharing. I started a job on 28k up in Dublin during first boom paying 520 rent and still saving €1000 a month and that was still able to get tanked in Saturday night and to Manchester every 2nd weekend to matches. I know it's slightly different price wise etc now on different things

Rent is ridiculous I'm not denying that and everyone should be able to enjoy themselves and live but until people say No more often it aint going get any better.

Of course it is so hard to even get a place in Dublin and Cork know that the numbers looking for same thing

I definitely think house sharing is ok in the early twenties but some are stuck in it for life now, it seems.

Cina

Augeo wrote: »

Mate, folks earnings should rise over the 10 years.
You mentioned sprogs, so a couple. Two incomes.
So double your 24k and you have €48k and you've two salaries also.

And also mate, I work in Dublin but live in Kildare.

I'm so not out of touch it's like literally amazing.

it's just not what you want to hear, mate

Why would I care what I hear? I'm lucky enough to be in a profession where I was able to save with my partner and purchase property before sh*t really hit the fan with rent. I always had my own room in a good location and never paid more than €500 so I was able to enjoy my 20's as well as save for a mortgage which I got.

But numerous friends of mine and their SO haven't been able to save, not because they live extravagant lifestyles, because their rent is huge (for not particularly great one bed apartments) so they can't save enough money to buy anywhere. They also wouldn't even be able to get a mortgage high enough to buy somewhere anyway cause their salaries aren't big enough.

I think you're just being a troll at this stage, if you really think it's acceptable for young people to pay massive rent, share rooms, live ages away from where they work, and only get a mortgage if they knuckle down and don't enjoy themselves travelling etc. then good on you, you must be a lovely person.

Franz Von Peppercorn II

Franz Von Peppercorn II wrote: »

Wages are stagnating.

Not if you strive to better yourself, qualified 30 year olds make more than qualified 23 year olds.
Same applies for non qualified folk mainly unless you decide you're happy with your lot.

Franz Von Peppercorn II wrote: »

Was Living in Kildare a choice you had to make or chose to make?

Choice, I coould have bought in various parts of Dublin too at the time I did buy but they wouldn't have suited me location wise. Some parts of Kildare are as near to Dublin (city) as some parts of Dublin.

Franz Von Peppercorn II

Cina wrote: »

How bloody dare these young people go travelling the world! Absolute entitled w*nkers the lot of 'em.

Stay at home, share a room and don't enjoy yourself lads, then you'll get a mortgage, maybe, when you're 38.

This is the major selling point of modern capitalism.

Cina

Cina wrote: »

Why would I care what I hear? I'm lucky enough to be in a profession where I was able to save with my partner and purchase property before sh*t really hit the fan with rent. I always had my own room in a good location and never paid more than €500 so I was able to enjoy my 20's as well as save for a mortgage which I got...............

Well you are the one trolling so......... spieling on about 23 year olds paying €1000/month and then on about folk having to room share if they don't want to do that etc etc.

JohnnyFlash

I rent out two apartments just outside Dublin CC, and very close to the docklands area. I rent one out for 2100 per month, and the other for 2450 per month. To be honest I could rent them for more - they are high-class properties, and the tenants work in tech so are happy to pay those rents. I don't rent to Irish people, and the tenants tell me they are told in advance that rent will be expensive in Ireland. It's a supply and demand thing. Cities are always in a state of flux. You couldn't sell a house for love nor money down in Ringsend one time.

Cina

Augeo wrote: »

Well you are the one trolling so......... spieling on about 23 year olds paying €1000/month and then on about folk having to room share if they don't want to do that etc etc.

:pac: you make about as much sense as the current rental situation in Dublin

Franz Von Peppercorn II

Augeo wrote: »

Not if you strive to better yourself, qualified 30 year olds make more than qualified 23 year olds.
Same applies for non qualified folk mainly unless you decide you're happy with your lot.

That’s a personalisation of a general issue. Again.
Not everybody can climb the ladder and if everybody did it would just reflect in higher prices for all houses.

Choice, I coould have bought in various parts of Dublin too at the time I did buy but they wouldn't have suited me location wise. Some parts of Kildare are as near to Dublin as some parts of Dublin.

Ok so then: the difficulty of people who work in the part of Dublin that is closer to most of Dublin but are forced to buy outside Dublin is not relevant to your situation.

( I wonder perhaps when you bought were property prices cheaper and rents cheaper too)

The_Kew_Tour

Franz Von Peppercorn II wrote: »

I definitely think house sharing is ok in the early twenties but some are stuck in it for life now, it seems.

Feel sorry for those people.

I totally feel sorry for people who are struggling to get a place. I feel sorry for so many that cant save for host of reasons

All I will say is if you are young and can save then do. That's not telling people to stop going abroad on holidays or having few pints etc. But it's just trying to be sensible with money and they get good deals rather then just blow all your money in a holiday that you could save on if shopped around etc etc. Going to Aldi for food. Doing a weekly shop. Not getting takeaway every night. Things like that make big difference.

Cina

Cina wrote: »

:pac: you make about as much sense as the current rental situation in Dublin

Yeah............ 9 months ago you said this

https://www.boards.ie/vbulletin/showpost.php?p=107487512&postcount=142

Cina wrote: »

Not just Europe, but pretty much any high-income city. He should go to San Francisco, New York, Paris, Tokyo, Beijing etc. if he wants to see a real crisis.

High wages bring more people and more spending power which will always lead to increased rent, prices, and shortages. It's the way things are. More could be done in Dublin to combat this but it's hardly a unique situation to Ireland like he's claiming.

And you reckon I'm trolling.
come off it, mate..... you wren't thinking of the poor fooker on €35k faced with the prospect of a houseshare after coming back from the round the world trip then were you.

The_Kew_Tour

The_Kew_Tour wrote: »

Rent is ridiculous I'm not denying that and everyone should be able to enjoy themselves and live but until people say No more often it aint going get any better.

How do people propose that tenants object?

It's not like a tenant can go on strike, or live in a ditch until rents fall. The whole point of the problem is that shelter is a basic requirement for every human to function in society.

Cina

Augeo wrote: »

Yeah............ 9 months ago you said this

https://www.boards.ie/vbulletin/showpost.php?p=107487512&postcount=142



And you reckon I'm trolling.
come off it, mate.

That post is completely irrelevant to this. It's a factual statement. Nowhere in it do I claim the situation in Dublin is acceptable, merely how it's caused.

Bigbagofcans

The_Kew_Tour wrote: »

Feel sorry for those people.

I totally feel sorry for people who are struggling to get a place. I feel sorry for so many that cant save for host of reasons

I also feel sorry for people who have to stay stuck in an unhappy marriage/relationship because they can't afford to move out and rent on their own.

Franz Von Peppercorn II

Franz Von Peppercorn II wrote: »

............
( I wonder perhaps when you bought were property prices cheaper and rents cheaper too)

Property prices were more expensive, rents were cheaper.
I went from a houseshare to my own place.

Franz Von Peppercorn II

Franz Von Peppercorn II wrote: »

...............



Ok so then: the difficulty of people who work in the Dublin thats closer to most of Dublin but are forced to buy outside Dublin, is not relevant to your situation.
.........

I edited to clarify I was referring to Dublin city, I thought it was obvious to all but the gnomiest of fncktards to be honest

m5ex9oqjawdg2i

Augeo wrote: »

They didn't normalise, normal rent prices were seen pre 2008/2009, IMO.

You are right, rent/sale prices didn't fall far enough. Problem is the market, you have people rocking up with an extra 50-100 euro just to secure the property. It's nuts.

The_Kew_Tour wrote: »

But yet so many are here........

How does that equate to happiness? I can tell you one thing for certain, the non-nationals that come to Ireland are far from happy paying the ludicrous rental prices.

Many non-nationals move to Ireland as lots of tech HQ's are situated here, it's definitely not the cheap rent. The jobs in these companies are quite competitive and have attractive relocation packages. A lot of them are only here short term and have absolutely no wish to stay long term.

Franz Von Peppercorn II

Augeo wrote: »

Property prices were more expensive, rents were cheaper.
I went from a houseshare to my own place.

Ah so you were one of the geniuses who bought at the height of the boom. Did you get a mortgage much easier than the 3.5 max wages people get now? Did you have to save until 38 for a deposit. Did you even pay a deposit? Was getting a mortgage easier? Did the fact that getting a mortgage was easier lead to a major collapse in the banking system?

I can see why you’d want both rental prices and property prices to stay high, but that’s probably not feasible.

We can’t run Irish society for the benefit of people who bought houses in the boom

Mad_maxx

A Tyrant Named Miltiades! wrote: »

What really grinds my gears is people who say "well its still cheaper than renting in Paris or London"

This isn't Paris or London! It's Dublin. A moderately handsome city that's closer in size and type to a Northern English city like Sheffield or Newcastle.

Same with hotel prices. There was a guy on the radio recently, a representative of the hotel industry who denied there was gouging because "If you look at cities like Vienna and Milan, we're still not at those price points"

Jesus. It's like anyone with capital resources is just gouging all they can until the next economic crash. This is a worryingly dysfunctional situation.

Dublin is a very wealthy city and a very important European city in terms of key multinational hqs, it's probably the most important city with a population under two million in the world as places of business go, comparing Dublin to Sheffield or Newcastle is plain silly

The problem in Ireland right now is that rents are expensive everywhere, I live half an hour from the Centre of Galway, I'd get 1200 per month for my bungalow which is madness

Franz Von Peppercorn II

Augeo wrote: »

I edited to clarify I was referring to Dublin city, I thought it was obvious to all but the gnomiest of fncktards to be honest

I was referring to Dublin City.

The_Kew_Tour

Adilynn Teeny Volleyball wrote: »

You are right, rent/sale prices didn't fall far enough. Problem is the market, you have people rocking up with an extra 50-100 euro just to secure the property. It's nuts.



How does that equate to happiness? I can tell you one thing for certain, the non-nationals that come to Ireland are far from happy paying the ludicrous rental prices.

Many non-nationals move to Ireland as lots of tech HQ's are situated here, it's definitely not the cheap rent. The jobs in these companies are quite competitive and have attractive relocation packages. A lot of them are only here short term and have absolutely no wish to stay long term.

I know plenty who are only too happy to pay the highest prices in Cork. I lived with some. I know some who worked in retail shops doing the same.

The_Kew_Tour

A Tyrant Named Miltiades! wrote: »

How do people propose that tenants object?

It's not like a tenant can go on strike, or live in a ditch until rents fall. The whole point of the problem is that shelter is a basic requirement for every human to function in society.

People will just have to say No as a collective group. Of course its a human right. Until you see people say enough us enough landlords will only be too happy to collect it.

branie2

Outrageous

Nollog

Deleted User wrote: »

How are people supposed to live after rent and expenses are paid, nevermind save anything?

You're not supposed to save, as that takes money out of the economy. You're supposed to spend spend spend so banks get more imaginary money in the form of debt.

Thelonious Monk

I bought an ex corpo house near a dart and 28 min cycle to Grafton st in 2016. Mortgage is 640 and my mate gives me 100e a week for the spare room but rarely stays there. I'm a winner.

Franz Von Peppercorn II

Thelonious Monk wrote: »

I bought an ex corpo house near a dart and 28 min cycle to Grafton st in 2016. Mortgage is 640 and my mate gives me 100e a week for the spare room but rarely stays there. I'm a winner.

Well done. Sounds cheap. He’s doing well too.

Mad_maxx

JohnnyFlash wrote: »

I rent out two apartments just outside Dublin CC, and very close to the docklands area. I rent one out for 2100 per month, and the other for 2450 per month. To be honest I could rent them for more - they are high-class properties, and the tenants work in tech so are happy to pay those rents. I don't rent to Irish people, and the tenants tell me they are told in advance that rent will be expensive in Ireland. It's a supply and demand thing. Cities are always in a state of flux. You couldn't sell a house for love nor money down in Ringsend one time.

Curious to know, those blocks around the IFSC, grand canal dock etc, how low did they go in term of rent and purchase price for a two bed apartment, I'm talking 2012 which was the bottom in Dublin

You are talking close to half a million for them today on average, obviously some real fancy ones are way more

The foreign funds didn't arrive properly until early 2014

Thelonious Monk

Franz Von Peppercorn II wrote: »

Well done. Sounds cheap. He’s doing well too.

I wouldn't charge him any more than that. I saw a bedsit for rent in Chanel D5 near me on daft for 1100 a month last week it was a total ****hole. I had to email the landlord telling them what I thought of them. People just have no shame. My brother rents his out for 1100 and lives abroad, a 2 bed in glasnevin and hasn't increased the rent since they moved in 3 years ago and doesn't intend to. Not all landlords are scum, just most.

CucaFace

Its an absolute disgrace and one that the current government should be ousted for in the next general election.

Most young people have to live in shared houses and it should cost perhaps €650/700/750 per month to do this in Dublin in a half decent place. This is what it was at the height of the boom before and what it was maybe 3/4 years ago.

Now this has basically doubled in the last 3 years. Who can afford to pay over €1,000 a month after tax just to have their won room in a shared house? How can you save anything from that to buy later? its impossible.

Im lucky I don't have to deal with the current problems in Dublin, but I just wonder how any young person moving to Dublin can start their lives here now? At the very least they will have to share their bedroom. Its not right that at the age of 22/23 you are sharing a bedroom with a stranger. But this is the only way many now can live in Dublin.

This government in the last 4 years has overseen the continuous developments of super expensive student accommodations (aimed only at over sea's students in all reality) on locations where apts should have been built, hotels, hotels and more f-ing hotels and offices. At the time when they know the builders have limited capacity they have allowed the construction industry to for the most part only invest in projects where no extra stock has been added to the city (especially the city center).

If they wanted to really solve this problem (which is in reality an easy one to solve, its a supply based problem so increase the supply quickly and it helps a lot) they could have blocked planning permissions on half these student accommodations and hotels and forced the industry to build what is urgently needed.

They have put the needs of tourists and others who might visit us here for a short time ahead of the general population who live and pay their taxes here and this should not be forgotten at the next election.

Morzadec

Augeo and Kew Tour - I agree with you to an extent that people do need to try to prioritise saving a bit while renting, and I can understand that maybe your experience is that you know some people who lived the high life, didn't house share etc...and these are the type of people your comments are aimed at.

However you do seem to perhaps be a little out of touch with rent prices at the moment which is making your view oversimplistic.

There are rooms in house shares going for 1500e per month now in certain areas. Under 800e is very very difficult now, the norm is around the 900-1000 mark.

The OP is talking about coming back to Ireland after living away. This is a situation I was in 5 years ago, coming back after living away in my early-mid 20s and looking to start a proper career.

I was on a salary of 27k starting out. But my rent was 575e per month in a house share. i.e, it was doable. I could live a decent life and start getting into the habit of saving a little bit. This was 2014.

Honestly, if I were in the exact same situation right now, I feel like I may not have moved back. Rents have literally close to doubled in that time as another poster pointed out (a 2 bed going from 1100 to 2300). Looking at around 900e for a room would have been half my salary at that point. That's probably the situation the OP may be looking at so understand their frustration. I feel lucky I came back at 2014, got my career started, and now I'm in a position to better absorb the huge rents. But it's still frustrating for someone like me, because even though I'm advancing in my career it does feel like you're standing still to an extent when rents go up (unless you're lucky enough not to have been chucked out by your landlord in the last few years and are locked into a fairer rate).

So some of your advice is valid, some people may not financially prudent and could stand to get into the habit of saving even just a little bit if possible, but you're making it sound easier than it is in the current climate. It's a really tough one for those starting out to save and live independently who are earning around the 30k mark (and when I say independently I mean away from the parents, in a house share - living on their own would literally be impossible).

Guy:Incognito

A Tyrant Named Miltiades! wrote: »

"

This isn't Paris or London! It's Dublin. A moderately handsome city that's closer in size and type to a Northern English city like Sheffield or Newcastle.

Sheffield and Newcastle are not capital cities and the focal point of the country either.

CucaFace

Mad_maxx wrote: »

Curious to know, those blocks around the IFSC, grand canal dock etc, how low did they go in term of rent and purchase price for a two bed apartment, I'm talking 2012 which was the bottom in Dublin

You are talking close to half a million for them today on average, obviously some real fancy ones are way more

I know of someone who purchased 3, 2 bedrooms apts in Castleforbes for 360,000 in total. That's how low they went. So 120,000 each at an auction as he had the cash.

And rent it should be stated has gone from €1,000/month to €2,500/month in this area in the same time frame.

The_Kew_Tour

People still vote FG in with open arms. Miss Fitzgerald walked into Europe. Until that changed they dont give 2 Hoots what anyone pays

Mad_maxx

Augeo wrote: »

that's an example of rent prices being on the floor IMO.
Old rule of thumb, 15 times annual rent is the good price to buy.

€198k wouldn't have bought much nice 2 bed Dub apartment in normal market times

198 k was enough to buy a two bed terraced house in stoneybatter in 2012

It's amazing how far we overshot the bottom

Mad_maxx

CucaFace wrote: »

I know of someone who purchased 3, 2 bedrooms apts in Castleforbes for 360,000 in total. That's how low they went. So 120,000 each at an auction as he had the cash.

And rent it should be stated has gone from €1,000/month to €2,500/month in this area in the same time frame.

That makes me very unhappy to read as I had that kind of cash back then but did something else with the money

I bought farmland and leased it to a farmer tax free, its not worth one penny more today than I paid for it and the yield is 3%

Bought property later on which I'm happy with but the worst part is I actually trawled stoneybatter for a month in Summer 2012 but bought nothing in the end

I bought my place last year, and if the economy goes arse over tits again, I'm gonna be one of those really whiny negative equity brigade (remember them?) asking everyone "Where's my NAMA?".

Just warning ye now.

Some people would say it was a foolish purchase at this point in the economic cycle, but it's still far cheaper than renting. Moving from my former rental into this house was the equivalent of a pay rise.

We're all fcuked.