Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Help for home leavers?

Options
135

Comments

  • Options
    #62
    GeetarPick
    Closed Accounts Posts: 47 ✭GeetarPick


    Shefwedfan wrote: »
    44k a year, single and wants help from government to buy a house.....this country is a mess

    Like generations have done before you, save save and then save again. Get a second job if you want to save quicker

    The government taking a bit of tax so you expect to get it back? Your having a laugh? What tax you paying a month? Maybe 100-200 quid? How is that going to pay for a house?

    Have the previous generations had to pay what we have to in rent or were the house prices as high? No. Taxes are over 50 odd percent so the fact that you'd say "a little bit of tax" speaks volumes.


  • Options
    #63
    noodler
    Registered Users Posts: 26,390 ✭✭✭✭noodler


    OP is having a laugh clearly.

    It does raise the fair point that someone earning 44k in Dublin can't rent really rent their own place.


  • Options
    #64
    thomasdylan
    Closed Accounts Posts: 514 ✭✭✭thomasdylan


    GeetarPick wrote: »
    Have the previous generations had to pay what we have to in rent or were the house prices as high? No. Taxes are over 50 odd percent so the fact that you'd say "a little bit of tax" speaks volumes.

    Taxes aren't over 50 percent now. The highest rate was 65% in the 80s. Mortgage interest rates were above 15% then too.


  • Options
    #65
    SteM
    Registered Users Posts: 6,707 ✭✭✭SteM


    GeetarPick wrote: »
    Have the previous generations had to pay what we have to in rent or were the house prices as high? No. Taxes are over 50 odd percent so the fact that you'd say "a little bit of tax" speaks volumes.

    Would you stop, previous generations had their own issues. Sky high mortgage rates, much lower wages etc. You wouldn't see many 24 year olds on 44k prior to this generation tbh. Every generation had problems to contend with.


  • Options
    #66
    AulWan
    Closed Accounts Posts: 1,653 ✭✭✭AulWan


    GeetarPick wrote: »
    Have the previous generations had to pay what we have to in rent or were the house prices as high? No. Taxes are over 50 odd percent so the fact that you'd say "a little bit of tax" speaks volumes.

    There was a time when mortgage rates were well up in the 18%-19% bracket and there was a higher income tax rate band of 65p in the pound.

    Every generation has had its own struggles, and had to make their own sacrifices.

    This OP, while niave, does not actually realise how priviledged they are that they could actually afford to rent alone and still have €1.5k a month for "everything else".

    If they want to live alone, they can. Its up to them if they want to live the life now, or sacrifice to save.


  • Advertisement
  • Options
    #67
    TheChizler
    Registered Users Posts: 9,455 ✭✭✭TheChizler


    Possibly an irrelevant nit pick but if you're talking over €3k monthly net then your gross would have to be €48,500 minimum, you sure your maths are right? Are you doing a load of overtime?


  • Options
    #68
    OU812
    Registered Users Posts: 6,047 ✭✭✭OU812


    If you can’t rent a place on your own & still have money left over to socialise & save, while single, aged 24 on nearly €3k a month, there’s no hope for you.

    What exactly did you graduate in? I’m sincerely hoping it wasn’t accountancy.


  • Options
    #69
    GeetarPick
    Closed Accounts Posts: 47 ✭GeetarPick


    AulWan wrote: »
    There was a time when mortgage rates were well up in the 18%-19% bracket and there was a higher income tax rate band of 65p in the pound.

    Every generation has had its own struggles, and had to make their own sacrifices.

    This OP, while niave, does not actually realise how priviledged they are that they could actually afford to rent alone and still have €1.5k a month for "everything else".

    If they want to live alone, they can. Its up to them if they want to live the life now, or sacrifice to save.

    How much were houses back then?


  • Options
    #70
    AulWan
    Closed Accounts Posts: 1,653 ✭✭✭AulWan


    GeetarPick wrote: »
    How much were houses back then?

    I can't remember an exact average, but everything is proportional. House prices may have been lower, but so were wages.

    Lending practices were more in line with the current rules too, deposit plus max 2.5 times the first income plus 1 x the second, (which was enforced) and getting a mortgage involved a face-to-face interview with the bank manager.


  • Options
    #71
    1123heavy
    Registered Users Posts: 1,014 ✭✭✭1123heavy


    TheChizler wrote: »
    Possibly an irrelevant nit pick but if you're talking over €3k monthly net then your gross would have to be €48,500 minimum, you sure your maths are right? Are you doing a load of overtime?

    Maths are correct on average over a year, some months will hit 4 gross and others 3.5. It's heavily variant on exactly how much i work from 1 month to the next but i can say for certain i will take 44 each year due contractual agreements, hence me stating that as a figure I know I can work on.

    Anyway as you said it's irrelevant to the main topic of the query.

    @OU812 I can do that if you read previous posts, but save how much exactly? It reduces any savings significantly. Someone did mention to look at the Dublin commuter belt so i may do that, but a quick glance shows there isn't much in it.


  • Advertisement
  • Options
    #72
    GeetarPick
    Closed Accounts Posts: 47 ✭GeetarPick


    AulWan wrote: »
    I can't remember

    What a surprise...


  • Options
    #73
    noodler
    Registered Users Posts: 26,390 ✭✭✭✭noodler


    thomasdylan wrote: »
    Taxes aren't over 50 percent now. The highest rate was 65% in the 80s. Mortgage interest rates were above 15% then too.

    They are indeed over 50%.

    Between 55-58 once USC and PRSI are included.


  • Options
    #74
    AulWan
    Closed Accounts Posts: 1,653 ✭✭✭AulWan


    GeetarPick wrote: »
    What a surprise...

    Childish.


  • Options
    #75
    noodler
    Registered Users Posts: 26,390 ✭✭✭✭noodler


    SteM wrote: »
    Would you stop, previous generations had their own issues. Sky high mortgage rates, much lower wages etc. You wouldn't see many 24 year olds on 44k prior to this generation tbh. Every generation had problems to contend with.

    My dad, as blue collar as they come, could get a mortgage at 23.

    Things are undoubtedly more unaffordable at the moment.


  • Options
    #76
    meijin
    Registered Users Posts: 1,266 ✭✭✭meijin


    AulWan wrote: »
    I can't remember an exact average, but everything is proportional.

    It's not!

    http://finfacts.ie/irishfinancenews/article_1012464.shtml

    from the article
    Irish price growth has been comparable with that of the UK where planning restrictions keeps building of new houses at the lowest level of the big European economies.


  • Options
    #77
    SteM
    Registered Users Posts: 6,707 ✭✭✭SteM


    noodler wrote: »
    My dad, as blue collar as they come, could get a mortgage at 23.

    Things are undoubtedly more unaffordable at the moment.

    I never said 23 or 24 year olds couldn't get a mortgage?


  • Options
    #78
    AulWan
    Closed Accounts Posts: 1,653 ✭✭✭AulWan


    I never said house prices haven't grown.

    But there seems to be an impression here that getting a job then walking into a bank and getting a mortgage was an easy thing that anyone could do years ago, and that mortages were cheap, wages were more and taxes were much lower, and none of that could be further from the truth.

    There was a blip during the celtic tiger years with 100% mortgages and look where that led.

    Every generation thinks they had it harder then the one before.


  • Options
    #79
    GeetarPick
    Closed Accounts Posts: 47 ✭GeetarPick


    AulWan wrote: »
    I never said house prices haven't grown.

    But there seems to be an impression here that getting a job then walking into a bank and getting a mortgage was an easy thing that anyone could do years ago, and that mortages were cheap, wages were more and taxes were much lower, and none of that could be further from the truth.

    There was a blip during the celtic tiger years with 100% mortgages and look where that led.

    Every generation thinks they had it harder then the one before.

    Except it is widely accepted that housing has become more unaffordable than ever. None of your anecdotes can compete with reality.


  • Options
    #80
    meijin
    Registered Users Posts: 1,266 ✭✭✭meijin


    AulWan wrote: »
    I never said house prices haven't grown.

    who said that you said that?


  • Options
    #81
    AulWan
    Closed Accounts Posts: 1,653 ✭✭✭AulWan


    The point is, it was never as easy as you seem to think it was, and I don't know why you think it should be easy now.

    I don't know anyone who ever bought a house without having to go through a lot of personal sacrifice to do so.

    The OP in this case is on a salary of €44K which will only increase and they are very well placed to save for a mortgage if they decide they want to buy in the future. With a little personal sacrifice, they could save a fantastic deposit saved over the next 4-6 years and still have a very comfortable life in the meantime.

    They're a lot better off then some people in lower paid employment who couldn't even afford a house share. Those people, I have more sympathy for.


  • Advertisement
  • Options
    #82
    Professor Genius
    Banned (with Prison Access) Posts: 391 ✭✭Professor Genius


    1123heavy wrote: »
    Sorry buddy, perhaps this online method of communication is rather poor when it comes to tone, but I'm anything but a 'snowflake' as you so eloquently put it. I wouldn't have been given this job and I wouldn't have seen past the nightmare that was the last 5 years to get to where I am right now if I was in anyway 'entitled', so rest assured I am not. I did my work and was looking at what options are available to me now for the next step, that is all.

    In fairness there is a bang of snowflake off you !


  • Options
    #83
    thomasdylan
    Closed Accounts Posts: 514 ✭✭✭thomasdylan


    Professor Genius wrote: »
    In fairness there is a bang of snowflake off you !

    I'd love to know what the 5 year nightmare was.


  • Options
    #84
    Addle
    Registered Users Posts: 4,812 ✭✭✭Addle


    noodler wrote: »
    My dad, as blue collar as they come, could get a mortgage at 23.
    He probably also didn’t spend as long in education and married and had a family young.
    He also probably didn’t travel the world or have all the mod cons people have now.

    Do you want your dad’s life?


  • Options
    #85
    meijin
    Registered Users Posts: 1,266 ✭✭✭meijin


    AulWan wrote: »
    The point is, it was never as easy as you seem to think it was, and I don't know why you think it should be easy now.

    the point is, that it WAS easier

    but you prefer for everyone to struggle... :rolleyes:


  • Options
    #86
    ldy4mxonucwsq6
    Closed Accounts Posts: 1,537 ✭✭✭ldy4mxonucwsq6


    SteM wrote: »
    Would you stop, previous generations had their own issues. Sky high mortgage rates, much lower wages etc. You wouldn't see many 24 year olds on 44k prior to this generation tbh. Every generation had problems to contend with.

    Agree with this, as a couple we both had to save almost everything we earned and work all available hours to get a deposit up while being paid much much less.

    Many generations before had to work hard to put a roof over their heads in a time where single income families were the norm.

    I know a few single people who managed to buy (in Dublin) by themselves but not before quite a few years of hard graft and sacrifices.


  • Options
    #87
    dubrov
    Registered Users Posts: 3,569 ✭✭✭dubrov


    meijin wrote:
    the point is, that it WAS easier

    That depends which year you pick.

    In 2011 houses were very affordable if you were working but unemployment was high


  • Options
    #88
    AulWan
    Closed Accounts Posts: 1,653 ✭✭✭AulWan


    meijin wrote: »
    the point is, that it WAS easier

    but you prefer for everyone to struggle... :rolleyes:

    Where you there? I'm guessing not.

    I don't prefer for everyone to struggle. But I have little time for those who are well placed, yet expect something like a home should come with no personal sacrifice made. It bangs of privilege.


  • Options
    #89
    1hnr79jr65
    Registered Users Posts: 916 ✭✭✭1hnr79jr65


    Hi Op, first grats on getting such a good job with pay, at your age too is a great start in life.

    At this moment there is little in way of supports but what i would say is try the following for seeing how your spending and savings works out:

    Setup an excel file, each tab is a month, each row going down put your different outgoings: rent, food, clothing, bus......etc. On the columns, put each week in date format 1st-7th or 3rd-4th is short week. Create a total column at end and sum up all spending for each type of outgoing including savings, and further sum total of everything.

    Do this for 3-6 months and review as time goes on to see where you can make cuts and save more money. You will most likely surprise yourself with how much waste you may have, simple things like buying a loaf of bread, maybe freezing half of it in food bag instead of letting it go to waste, all ads up to save money.

    I know it sounds miserly working things out like this, however this will give you a realistic view of how you spend money and what changes you need to make to get to your goal.

    Had to do this for home myself and wife own, also be willing to comprise in future, be it buying less done up property and do it up over time and such.


  • Options
    #90
    collywobble7
    Registered Users Posts: 95 ✭✭collywobble7


    SteM wrote:
    Want to stand on my own 2 feet..... any chance of a hand out?


    I'd rather see someone like this given a hand than the wasters and spongers on the dole who will never contribute a penny to the country


  • Advertisement
  • Options
    #91
    riclad
    Registered Users Posts: 8,184 ✭✭✭riclad


    I think theres tax credits or help to buy scheme, for first time buyers,
    i see no reason for a scheme to help someone on 44k to rent a home.
    My advice is rent a 1bed apartment or look for a house share.
    house share is cheaper, but you have less privacy.
    you,ll be sharing a bathroom and kitchen with strangers .
    There was a help to buy scheme from dublin city council , i don,t know if this still exists .
    maybe start saving for a deposit to buy a 1bed apartment or a small house .


Advertisement