2021 Irish Property Market chat - *mod warnings post 1*

Cyrus

Greenlights16 wrote: »

A

A worker in donegal or cork will be able to drive / commute upto the big corporate Dublin office 1/2 days a week to show their face/be nice to team mates you don’t even like/collaborate and work from their beautiful home away from the kip of a Dublin office.

i feel sorry for all of you that seem to hate your co workers so much and where you work. Life is too short, you spend more of your time at work than anywhere else, move job.

Oh and you can have a beautiful home in dublin too, you dont need to live off the side of a cliff in conemara

hometruths

Cyrus wrote: »

i know wexford very well, and wexford town itself is ok as rural towns go, but even small dublin suburbs like blackrock or dalkey have more going on in terms of restaurants, eateries etc than wexford town, and the rest of the town's in the county (maybe im doing gorey a disservice havent been there in a while) are on their knees.

For sure it doesn't compare to blackrock or Dalkey, was just surprised to see it lumped in with Leitrim etc.

Was specifically talking about Wexford town - I definitely get the sense that the rest of them are pretty bleak.

PropQueries

Cyrus wrote: »

believe it or not, not everyone has the same utter disdain as you do for the city centre.

I actually love the city

My point is that unless a person lives within walking distance of the city centre, they're not going to miss it too much if they live in e.g. Dun Laoghaire, Lucan or Swords.

The vast majority of the people living in these e.g. three towns hardly ever went into the city anyway if it wasn't for work purposes pre-covid.

If they can now WFH, they're not going to be paying a premium of c. €200k post-covid to live within a 20 minute train ride of the city as the only real incentive pre-covid for paying such a premium for a 20 minute train ride into the city was less time spent commuting each morning and evening.

Post-covid and if they're WFH, they may pay a €50k premium but there's no way the vast majority of people will pay c. €200k premium to live in the likes of Goatstown, Stillorgan etc. going forward because they may wish to get the train into the city once a month on a weekend IMO

hardybuck

DataDude wrote: »

This! Dublin will always have a premium - we are not all crazy's suggesting the time of Leitrim has come and it will soon pass Goatstown in prices. Of course some people will always want to stay in Dublin. But I'm surprised the idea that people (particularly those starting families) may start to weight up the pro's and cons of the 5 bed in Maynooth with a garden vs the 3 bed-semi D in SCD through a slightly different lens - Echoing the comment of another poster, I too have heard so so many people discuss this over the last year.

I'd be interested to know, of those saying absolutely no way WFH will make much difference at all to where people choose to live, how many already own their own home in Dublin and can't relate to the struggle of two young workers earning €45k each with two young children trying to make their way in Dublin!

The thing that makes me believe it will be impactful is, most "change" has opposing forces acting and it can be hard aggregate those to work out the net effect. On this one, I cannot see how more WFH could encourage someone who previously wasn't living in the city to now do so (although perhaps others might have theories on this). It is a fact that some will choose to move further afield. As it's a one directional shift, the only question is how big a shift and how soon!

There has always been a churn of people coming and going to Dublin from the country. Some will go up for a few years and go home, some will stay. Plenty of Dubs will also leave in search of value or for other reasons - this isn't a new phenomenon even if remote working has made it viable for more people.

At the end of the day the population continues to grow and supply continues to fall short. The fact that personal savings are continuing to grow at the same time just adds the cherry on top for price increases to continue.

HopsAndJumps

PropQueries wrote: »

Maybe you believe so. So for three times a week, that's 150 times a year.


What exactly did you do with your family 150 times a year in Dublin City?

With my wife, no kids. Food, the IFI religiously, capoeira, Thai boxing, socialising, pubs etc. The possibilities seemed endless.

If you want to sit at home and not do a whole pile, being in Ballintobber of Dublin won't make much difference to you. But it would to me.

Cyrus

schmittel wrote: »

For sure it doesn't compare to blackrock or Dalkey, was just surprised to see it lumped in with Leitrim etc.

Was specifically talking about Wexford town - I definitely get the sense that the rest of them are pretty bleak.

poor aul leitrim gets an awful rap, is it that bad have no experience of the place,

but yes as rural towns go Wexford town isnt bad, wexford county outside of that unless you are along the sea is a bit meh

HansKroenke

Hubertj wrote: »

Wexford is very nice. My parents spent a lot of time there after retirement as they had a holiday home in Rosslare. It improved a lot over the last 25 years. Then with the N11.... also accessible to warterford and Kilkenny.....but is there a Starbucks.

The Starbucks comment is actually a bigger point which is interesting to discuss. Now, I don't mean to say that Starbucks is the pinnacle of culture, but the small town idea, while it might seem appealing, falls down when it comes to the small business offering.

Now I think the people would need to move from Dublin before the offering is enhanced but what is unnattractive is a town with a Costcutters or something like that where you buy all your groceries; the main social outlet in the town is a fairly average pub; there is one cafe which does an extremely basic offering like scones, and an Irish breakfast; and the recreation activities do not include walking as there are unsafe roads everywhere. What will stop people moving to the smaller country towns from Dublin is the reality when it comes to local amenities. On the one hand, there is a fantastic opportunity for a vision which really seeks to bring these small towns to life and I know the government has published a document which outlines its goals with respect to long-term WFH for people. But I feel it is still a few years away from implementation mainly due to the things I highlighted above. I won't name any specific towns though!

Timing belt

wassie wrote: »

Running out of time in your 30s to get a mortgage?

You would have difficulty getting a 30 year mortgage after 35 unless the increase the pension age

wassie

jill_valentine wrote: »

Yes. How much you are offered by several institutions is calculated with consideration for how many years you have left before whatever they consider retirement age, ie how many working years you have to pay it back. That can make a significant difference.

I'm thirty five, from now on every year I get older shaves a few thousand off the max mortgage offer I can get.

Remember, 3.5 times your salary is only the cap. There's nothing stopping banks offering you less than that.

Yes - but typically as you head towards your 40s you are also moving towards peak earning capacity which means 3.5 times extra borrowing capacity for every extra euro.

Anecdotally reading on these and other forums, lenders seem more willing to give exemptions beyond 3.5x to older applicants whom have demonstrated employment history, particularly over last 12 months.

DataDude

wassie wrote: »

Yes - but typically as you head towards your 40s you are also moving towards peak earning capacity which means 3.5 times extra borrowing capacity for every extra euro.

Anecdotally reading on these and other forums, lenders seem more willing to give exemptions beyond 3.5x to older applicants whom have demonstrated employment history, particularly over last 12 months.

Surprised by this if true. Would have thought the worst time to give someone an exemption is when they're at peak earning capacity - as by definition it's not going any higher.

My experience is that exemptions are very much linked to your salary being over a nominal amount. Being young with prospects of income growth seems to be a plus rather than a negative.

wassie

Timing belt wrote: »

You would have difficulty getting a 30 year mortgage after 35 unless the increase the pension age

I don't know anyone who has a 40 year mortgage that plans on taking the full 30 years to pay it off. I know there are peeps out there, but everyone I know is paying it off faster.


Anyone in the 30/40/50s that is selling & trading up and needs a mortgage is faced with the same issue.

Timing belt

HansKroenke wrote: »

The Starbucks comment is actually a bigger point which is interesting to discuss. Now, I don't mean to say that Starbucks is the pinnacle of culture, but the small town idea, while it might seem appealing, falls down when it comes to the small business offering.

Now I think the people would need to move from Dublin before the offering is enhanced but what is unnattractive is a town with a Costcutters or something like that where you buy all your groceries; the main social outlet in the town is a fairly average pub; there is one cafe which does an extremely basic offering like scones, and an Irish breakfast; and the recreation activities do not include walking as there are unsafe roads everywhere. What will stop people moving to the smaller country towns from Dublin is the reality when it comes to local amenities. On the one hand, there is a fantastic opportunity for a vision which really seeks to bring these small towns to life and I know the government has published a document which outlines its goals with respect to long-term WFH for people. But I feel it is still a few years away from implementation mainly due to the things I highlighted above. I won't name any specific towns though!

The Green party want everyone living in Urban centres anyway so they can justify spending on trains. So any of these towns will be along the railway. Sur they even suggest putting a train from limerick to cork instead of a motorway.

jill_valentine

Let me put the shift WFH potentially represents in perspective -

I currently haven't much hope of ever buying in Dublin purely due to salary cap. However, for a mortgage of far less than I'm burning in rent every month now, I could have a perfectly decent two bed apartment in Longford town bought this instant, and paid off in less than ten years time. Five years for a monthly payment of less than what I'm paying in rent plus saving to prove my mortgage eligibility.

Now, maybe I don't want to live in Longford the rest of my life, but who cares? It's got plenty of services, shops etc, to keep me ticking over and I have now saved ten - or maybe five - years worth of capital towards somewhere I do want to live, flatmate free and on a train line to Dublin if I need it.

That's the kind of shift in thinking that's now possible.

AdamD

Greenlights16 wrote: »

Agree with poster above.

Dublin has most definitely NOT a whole pile of things to do, most are weather reliant which is hilarious considering the climate we live in.

What this pandemic has showed us is that once you take the pub and restaurant culture away from Dublin, most notably the pubs, it’s sucked the life out of it completely.

People are much more in love with coastal areas and countryside villages around the country now, and as the poster above has said, this is going to be for the long term because of the reality of permanent WFH.

A worker in donegal or cork will be able to drive / commute upto the big corporate Dublin office 1/2 days a week to show their face/be nice to team mates you don’t even like/collaborate and work from their beautiful home away from the kip of a Dublin office.

As much as our own government want to try and keep everything in Dublin, this juggernaut is not going to stop. All for the better. The country will develop much more as a whole

Really? The pandemic has essentially taken all arts, sports and entertainment away, that is significantly more than pubs. Judging Dublin based on what there is to do during a pandemic is laughable.


People with social lives based in Dublin won't flock to the countryside.

PropQueries

Ok, given that we all now know that it doesn't cost much more to build a three bed semi in e.g. Dundrum than it does in e.g. Castlebar. We also know that the main reason for the price difference between Dundrum and Castlebar is the site costs i.e. location.

So, the argument comes down to the premium that someone will now pay to be closer to the City given that they don't have to commute every day.

Is that premium €400k, €200k, €50k or €20k?

I think that's what it's going to come down to IMO

P.S. before anyone starts shouting e.g. labour costs are higher in Dublin etc., that's been 100% debunked by the proposed cost of the new build three bed semi detached units in Lusk, Co. Dublin under the affordable housing scheme which was reported yesterday. The only real difference is indeed site costs i.e. location.

fliball123

Why are people Dublin bashing. I just dont get it. Working from home or not Dublin offers the below

Higher number of schools
Higher number of hospitals
Higher number of sporting venues
Higher number of options for gigs/concerts
Higher number of options for accommodation
Higher number of colleges and more prestigious colleges
Higher number of musems/galleries
Higher number of historical locations.
Higher number of shopping locations
Higher number of civil/public sector worker jobs - a lot that cannot be done with WFH
Better roads
Airport
Seaports
DART line and other Rail links
Luas Lines
More Bus lines
Dublin's History
Unique Coast line going from Balbriggan to Bray and everywhere in between.

Dublin has more going for it than some give it credit for. Just to name a few attractions off the top of my head that other major cities in the world would love to have

Croke Park, Aviva stadium, Guinness Store house, O2 Arena, Kimanham Gaol, Phenix park/Zoo, Temple bar, Trinity College, GPO, Christ Church, St Patricks cathedral, Dublin castle, Grafton street. There is also a plethora of pubs around the place that have amazing food and lots of craic to be had on a night out. Not to mention the many parks from St Annes to Stephens Green

Name one other county in the country that can compete with this?? Dublin is a desirable city to live in no mater what the working dynamic is

Timing belt

wassie wrote: »

I don't know anyone who has a 40 year mortgage that plans on taking the full 30 years to pay it off. I know there are peeps out there, but everyone I know is paying it off faster.


Anyone in the 30/40/50s that is selling & trading up and needs a mortgage is faced with the same issue.

If you are a single person who is not on a top wage WFH may mean it is the first time that you can consider buying a property and may need the full 30 years to pay it off. Not everyone is in a relationship with both parties on good money that is required to buy in Dublin.

jill_valentine

wassie wrote: »

I don't know anyone who has a 40 year mortgage that plans on taking the full 30 years to pay it off. I know there are peeps out there, but everyone I know is paying it off faster.


Anyone in the 30/40/50s that is selling & trading up and needs a mortgage is faced with the same issue.

It doesn't matter how long you actually plan to take to pay it off. You need the 30 year offer for the buying power.

Timing belt

fliball123 wrote: »

Why are people Dublin bashing. I just dont get it. Working from home or not Dublin offers the below

Higher number of schools
Higher number of hospitals
Higher number of sporting venues
Higher number of options for gigs/concerts
Higher number of options for accommodation
Higher number of colleges and more prestigious colleges
Higher number of musems/galleries
Higher number of historical locations.
Higher number of shopping locations
Higher number of civil/public sector worker jobs - a lot that cannot be done with WFH
Better roads
Airport
Seaports
DART line and other Rail links
Luas Lines
More Bus lines
Dublin's History
Unique Coast line going from Balbriggan to Bray and everywhere in between.

Dublin has more going for it than some give it credit for. Just to name a few attractions off the top of my head that other major cities in the world would love to have

Croke Park, Aviva stadium, Guinness Store house, O2 Arena, Kimanham Gaol, Phenix park/Zoo, Temple bar, Trinity College, GPO, Christ Church, St Patricks cathedral, Dublin castle, Grafton street. There is also a plethora of pubs around the place that have amazing food and lots of craic to be had on a night out. Not to mention the many parks from St Annes to Stephens Green

Name one other county in the country that can compete with this?? Dublin is a desirable city to live in no mater what the working dynamic is

No other county has Dublin history so it would be hard to name one.

fliball123

Timing belt wrote: »

No other county has Dublin history so it would be hard to name one.

fair enough all have their own history but I doubt it would be as rich and as colorful as Dublins and the best gaelic football team ever to play the game..Sorry had to put that in

wassie

DataDude wrote: »

Surprised by this if true. Would have thought the worst time to give someone an exemption is when they're at peak earning capacity - as by definition it's not going any higher.

My experience is that exemptions are very much linked to your salary being over a nominal amount. Being young with prospects of income growth seems to be a plus rather than a negative.

It depends very much on the lenders exemption policy which vary (subject to Central Bank constraints). Salary just one factor.

jill_valentine

wassie wrote: »

Yes - but typically as you head towards your 40s you are also moving towards peak earning capacity which means 3.5 times extra borrowing capacity for every extra euro.

Anecdotally reading on these and other forums, lenders seem more willing to give exemptions beyond 3.5x to older applicants whom have demonstrated employment history, particularly over last 12 months.

Exemptions are essentially theoretical unless you're on the kind of money where they only make the difference between Property A or Property B, rather than Buy Or Not Buy.

wassie

I have no idea what that means?

jill_valentine wrote: »

It doesn't matter how long you actually plan to take to pay it off. You need the 30 year offer for the buying power.

Haven't come across these threads were this has been in issue except for people in their late 40s & 50s buying their first home, not 30s.

Sure length of mortgage does affect buying power. But I would think if you are in your 30s and reliant on length of mortgage in order to buy, I'd say its not gonna happen until you improve your salary &/or deposit.

gourcuff

fliball123 wrote: »

fair enough all have their own history but I doubt it would be as rich and as colorful as Dublins and the best gaelic football team ever to play the game..Sorry had to put that in

Are you a dub by any chance? ....

DataDude

fliball123 wrote: »

Why are people Dublin bashing. I just dont get it. Working from home or not Dublin offers the below

Higher number of schools
Higher number of hospitals
Higher number of sporting venues
Higher number of options for gigs/concerts
Higher number of options for accommodation
Higher number of colleges and more prestigious colleges
Higher number of musems/galleries
Higher number of historical locations.
Higher number of shopping locations
Higher number of civil/public sector worker jobs - a lot that cannot be done with WFH
Better roads
Airport
Seaports
DART line and other Rail links
Luas Lines
More Bus lines
Dublin's History
Unique Coast line going from Balbriggan to Bray and everywhere in between.

Dublin has more going for it than some give it credit for. Just to name a few attractions off the top of my head that other major cities in the world would love to have

Croke Park, Aviva stadium, Guinness Store house, O2 Arena, Kimanham Gaol, Phenix park/Zoo, Temple bar, Trinity College, GPO, Christ Church, St Patricks cathedral, Dublin castle, Grafton street. There is also a plethora of pubs around the place that have amazing food and lots of craic to be had on a night out. Not to mention the many parks from St Annes to Stephens Green

Name one other county in the country that can compete with this?? Dublin is a desirable city to live in no mater what the working dynamic is

Leitrim:D

Billythekid19

Interesting headline in todays Irish times- 'Do not listen to estate agents – house prices will go down, not up
The inflationary trend of a few years ago has gone and Covid is not going to bring it back'

Timing belt

fliball123 wrote: »

fair enough all have their own history but I doubt it would be as rich and as colorful as Dublins.

you could live in Cork and fly to London for the same cost as getting the train to Dublin.... London has the London Eye and you can't get that in Dublin :D

Everyone will have different drivers as to where they want to live... I know people that have their wife and kids in Cork but live in Dublin Monday - Friday because of Jobs... For these people it is a no brainier. You then have single people that have a chance to buy that they may not have had before.. you may have a family with young kids where the childcare cost are as much as mortgage that could move near family that could help out with childcare. You may have people that just don't like Dublin because all they can afford is a less desirable area with horses roaming the streets.

Likewise you will have people that think that rural living will be great as they have can afford a big house... but that is not much use if there is noting else around and you can only go to the pub once a week cause that's the only time it opens or get used to the fact that it takes 30 mins to get a pint of milk or a loaf of bread. Then again they may love the idea of it and grow a greenhouse.

It will be a personal decision and there is no right or wrong. Even if 10% of FTB left it would hardly make a difference to the Dublin housing market as Demand is strong and supply so weak.

The idea that its city centre dublin or somewhere out the backwoods 30 mins drive from a shop is a ridiculous argument folks


Plenty of towns that have as much to offer as yr average part of dublin outside of the city centre, with less traffic, better value in property, less chances of the busyness of the city/dense housing getting to you

Broadband, tesco, restaurants and sports clubs dont stop at the m50 ffs

Thats all that people are saying

And if wfh widens the sphere from Dublin jobs that people can consider then that will be a factor.

Whats the argument

gourcuff

seems to be alot of dublin exceptionalism on the thread, a bit of travel can broaden the mind they say, or even some research...

https://www.cnbc.com/2019/09/04/global-liveability-index-2019-most-liveable-cities-in-the-world.html

MacronvFrugals

gourcuff wrote: »

seems to be alot of dublin exceptionalism on the thread, a bit of travel can broaden the mind they say, or even some research...

https://www.cnbc.com/2019/09/04/global-liveability-index-2019-most-liveable-cities-in-the-world.html

Ah Vienna #2, some on here would call them communists

wassie

gourcuff wrote: »

seems to be alot of dublin exceptionalism on the thread, a bit of travel can broaden the mind they say, or even some research...

https://www.cnbc.com/2019/09/04/global-liveability-index-2019-most-liveable-cities-in-the-world.html

Very true.

Although Sydney & Melbourne are delightful in summertime when its 40 degrees plus :mad: and you're no where near the beach (which is millions of people).

awec

Greenlights16 wrote: »

Agree with poster above.

Dublin has most definitely NOT a whole pile of things to do, most are weather reliant which is hilarious considering the climate we live in.

What this pandemic has showed us is that once you take the pub and restaurant culture away from Dublin, most notably the pubs, it’s sucked the life out of it completely.

People are much more in love with coastal areas and countryside villages around the country now, and as the poster above has said, this is going to be for the long term because of the reality of permanent WFH.

A worker in donegal or cork will be able to drive / commute upto the big corporate Dublin office 1/2 days a week to show their face/be nice to team mates you don’t even like/collaborate and work from their beautiful home away from the kip of a Dublin office.

As much as our own government want to try and keep everything in Dublin, this juggernaut is not going to stop. All for the better. The country will develop much more as a whole

Dublin has a lot more to do than anywhere else. Any suggestion to the contrary is rubbish. We're roaming into the realm of alternative facts here.

In the same post you say Dublin hasn't a lot to do, and yet complain that the government wants to keep everything in Dublin. In your own post you are inferring there is nothing outside of Dublin. It's completely contradictory.

Cyrus

gourcuff wrote: »

seems to be alot of dublin exceptionalism on the thread, a bit of travel can broaden the mind they say, or even some research...

https://www.cnbc.com/2019/09/04/global-liveability-index-2019-most-liveable-cities-in-the-world.html

But we are comparing dublin to other places in ireland, not to vienna,

whats your point?

Greenlamp21

The quality of life in Cork city is far superior to Dublin

No need for public transport as you can get in your car, wonderful beaches and seaside towns in close proximity, no issues with gangs and massive heroin problems

A far superior place to raise children

Runs....

Villa05

wassie wrote:

Yes - but typically as you head towards your 40s you are also moving towards peak earning capacity which means 3.5 times extra borrowing capacity for every extra euro.

How would a bank see a 40 year old couple with a couple of kids

fliball123 wrote:

Why are people Dublin bashing. I just dont get it. Working from home or not Dublin offers the below

I don't think anyone is Dublin bashing, more cost of living bashing
Dublin's number 1 attraction is the jobs, and variety of people.
Having a variety of people implies a variety of interests. Many of those niche, growing interests may be better fulfilled in other locations throughout the country eg the great outdoors

fliball123 wrote:

Name one other county in the country that can compete with this?? Dublin is a desirable city to live in no mater what the working dynamic is

Most of the interests you listed are taxpayer funded and maintained

Crazy that a government can allow entities to control and collect rents tax free that benefit greatly from this infrastructure

Walk away with the profits and contribute nothing

gourcuff

Cyrus wrote: »

But we are comparing dublin to other places in ireland, not to vienna,

whats your point?

it might need broader perspective, wfh might mean work from a different city/country. This could also impact on property prices. It might not just be dublin v cork or cork v limerick.

Dublin isn't ranked high on the liveable cities index is my point, the exceptionalism displayed seems to ignore this point.

JimmyVik

PropQueries wrote: »

Maybe you believe so. So for three times a week, that's 150 times a year.

What exactly did you do with your family 150 times a year in Dublin City?

Maybe they meet their friends for a pint.
And then you have their kids and other half. They probably meet their firends too, without the poster being along.
Thats another thing though. It would be a long aul trip to meet the mates for a pint when you relocate.
Not to mention that a whole group of friend could be traveling into the city center from the different burbs for to meet for that pint.

jill_valentine

wassie wrote: »

I have no idea what that means?

Banks make a limited number of exemptions and don't offer them to the vast majority of average earners. You need to be earning very well, well enough that an exemption will ultimately not be the difference between whether you buy or not - only which property you buy.

Haven't come across these threads were this has been in issue except for people in their late 40s & 50s buying their first home, not 30s.

Sure length of mortgage does affect buying power. But I would think if you are in your 30s and reliant on length of mortgage in order to buy, I'd say its not gonna happen until you improve your salary &/or deposit.

It makes the difference of a few thousand, which at the low end of the market can be the cushion you need over asking to secure a property. And if property prices continue the ever upwards trajectory, that couple of thousand sooner can be worth a lot more in real terms than the deposit or rise in earnings you *might* garner in the meantime, bearing in mind the economic conditions. And in the meantime, you're still throwing away rent money that will never be yours again.

Oymyakon

Was having a browse through daft this morning and saw lots of rural apartments on the market for ~80k, however many appear to already have tenants.

If one was to have a remote work job and didn’t mind small town life, are these a good deal? Not a lot else that a single person earning a below average wage can afford.

jill_valentine

Oymyakon wrote: »

Was having a browse through daft this morning and saw lots of rural apartments on the market for ~80k, however many appear to already have tenants.

If one was to have a remote work job and didn’t mind small town life, are these a good deal? Not a lot else that a single person earning a below average wage can afford.

Be very wary of "tenant in place" properties, there is usually a story there. It's generally being sold cheaper than it might be because the tenancy is considered a liability one way or the other.

If you can work remotely though, you could be sorted provided a) you're confident you will continue to be able to work remotely, and b) local broadband services are stable. b) isn't always a given in small towns, particularly in the West.

JimmyVik

Timing belt wrote: »

you could live in Cork and fly to London for the same cost as getting the train to Dublin.... London has the London Eye and you can't get that in Dublin :D

Everyone will have different drivers as to where they want to live... I know people that have their wife and kids in Cork but live in Dublin Monday - Friday because of Jobs... For these people it is a no brainier. You then have single people that have a chance to buy that they may not have had before.. you may have a family with young kids where the childcare cost are as much as mortgage that could move near family that could help out with childcare. You may have people that just don't like Dublin because all they can afford is a less desirable area with horses roaming the streets.

Likewise you will have people that think that rural living will be great as they have can afford a big house... but that is not much use if there is noting else around and you can only go to the pub once a week cause that's the only time it opens or get used to the fact that it takes 30 mins to get a pint of milk or a loaf of bread. Then again they may love the idea of it and grow a greenhouse.

It will be a personal decision and there is no right or wrong. Even if 10% of FTB left it would hardly make a difference to the Dublin housing market as Demand is strong and supply so weak.

Something we forgot.
You can live in Dublin and get to all these things in an hour without a car.
You might be able to do that in Cork.
You certainly wont do it in Castlebar
Dont know about Leitrim.

JimmyVik

Oymyakon wrote: »

Was having a browse through daft this morning and saw lots of rural apartments on the market for ~80k, however many appear to already have tenants.

If one was to have a remote work job and didn’t mind small town life, are these a good deal? Not a lot else that a single person earning a below average wage can afford.

If you are from the town they probably would make sense.
But remember if you leave Dublin for say, Longford, you have a life to construct all over again, but in a small town.
You have to make new friends, new hobbies, be happy with sfa to do.
Its not just a matter of buying cheap. You are essentially moving your life.
Its not like renting, where you can just stop renting and go back to Dublin.

Timing belt

JimmyVik wrote: »

If you are from the town they probably would make sense.
But remember if you leave Dublin for say, Longford, you have a life to construct all over again, but in a small town.
You have to make new friends, new hobbies, be happy with sfa to do.
Its not just a matter of buying cheap. You are essentially moving your life.
Its not like renting, where you can just stop renting and go back to Dublin.

Anyone considering moving to a town in the country where they don't have family or friends just because house prices are cheaper should really rent for a year first just to see what it is like.

Oymyakon

Totally valid points about moving one’s entire life. Seems pretty difficult to ever be able to afford to live in Dublin outside my parent’s home!

Cyrus

gourcuff wrote: »

it might need broader perspective, wfh might mean work from a different city/country. This could also impact on property prices. It might not just be dublin v cork or cork v limerick.

Dublin isn't ranked high on the liveable cities index is my point, the exceptionalism displayed seems to ignore this point.

you cant wfh for an irish co in another country

so again what is your point?

jill_valentine

Cyrus wrote: »

you cant wfh for an irish co in another country

so again what is your point?

That actually, for a lot of people, Dublin doesn't offer much that can't be found in a medium sized town, apart from work or other people. It just offers them on a bigger scale. It is effectively a big town rather than a distinct city ecosystem vs the other capitals it can be compared to. It does not have a ton of unique elements you can slap on the roof and say "this is why it's worth having to spend your pension on rent someday". That's a consequence of having reshaped it as a place to work in, rather than live in.

If I sit down and try to think of any actual tangible things about Dublin that can't be got in any town within an hour of Dublin on the train, all I can think of off the top of my head are Deliveroo and gay bars.

Everything else is a little foggy and abstract vs owning a home.

Timing belt

jill_valentine wrote: »

That actually, for a lot of people, Dublin doesn't offer much that can't be found in a medium sized town, apart from work or other people. It just offers them on a bigger scale. It is effectively a big town rather than a distinct city ecosystem vs the other capitals it can be compared to. It does not have a ton of unique elements you can slap on the roof and say "this is why it's worth having to spend your pension on rent someday". That's a consequence of having reshaped it as a place to work in, rather than live in.

If I sit down and try to think of any actual tangible things about Dublin that can't be got in any town within an hour of Dublin on the train, all I can think of off the top of my head are Deliveroo and gay bars.

Everything else is a little foggy and abstract vs owning a home.

I wouldn't be relying on Irish rail or public transport if I was considering moving out of Dublin... Its far to unreliable or non-existent except in the cities.

jill_valentine

Timing belt wrote: »

I wouldn't be relying on Irish rail or public transport if I was considering moving out of Dublin... Its far to unreliable or non-existent except in the cities.

I'd be reasonably confident of rail for social or occasional office purposes. You'll notice I never suggest moving out to anywhere you'd be reliant on bus transport though :pac:

wassie

Villa05 wrote: »

How would a bank see a 40 year old couple with a couple of kids

Same as a couple in the 20s or 30s with a couple of kids.

Age doesn't come in to serviceability with regards to kids.

PropQueries

Timing belt wrote: »

I wouldn't be relying on Irish rail or public transport if I was considering moving out of Dublin... Its far to unreliable or non-existent except in the cities.

Public transport in Dublin only means something if you don't have a car.


It's incredibly bad and doesn't take you near anywhere you may wish to actually go i.e. it's basically a to b and that's it. It's not like the tube in London. If you're not living in a and your destination is not b, then you're going to drive to your destination like most people in Dublin do as public transport really isn't an option.