"average Dublin house prices should fall to ‘the €300,000 mark" according to Many Lou McD.

Cheddar Bob

https://www.boards.ie/discussion/comment/121746252#Comment_121746252

In the space of one parragraph you claim to have been priced out of DLR in the 80s/90s, then mention you actually weren't priced out at all (but Monkstown Farm had a reputation until quite recently, deserved or otherwise, hence likely why you didn't buy)

Blut2

https://www.boards.ie/discussion/comment/121746252#Comment_121746252

"it has always been that way" is just an outright, easily disprovable, lie.

The ratio of house prices to income in Ireland has skyrocketed over the last 30 years. Homes are across the board objectively much less affordable now than they were in the past.

Clo-Clo

https://www.boards.ie/discussion/comment/121746472#Comment_121746472

Before that everyone moved to UK or America to get work, my father for instance was in london at 16 on sites, he met my mother(also Irish) in London. His entire brothers and sisters left Ireland, some have never returned

Do you think that was a better time for the people of Ireland?

Clo-Clo

https://www.boards.ie/discussion/comment/121746394#Comment_121746394

Honestly you sound very bitter about everything.

Maybe someone got money from their parents, maybe they didn't. Honestly I couldn't care less personally

In terms of the ice-cream, it's not my fault because of your total lack of knowledge about the Blanchardstown area.

Clo-Clo

https://www.boards.ie/discussion/comment/121746292#Comment_121746292

The best part of that, if anyone tries to build houses/apartments in the area what you find it the parents block the planning, while at the same time complaining about no young people moving into the area.

Blut2

https://www.boards.ie/discussion/comment/121746498#Comment_121746498

30 years ago was the mid 1990s. "Everyone" wasn't leaving Ireland in the 1990s to go to America to get work, very few people were.

It was objectively a far, far better time to be buying a home than now. The data is very clear.

Wanderer78

https://www.boards.ie/discussion/comment/121746472#Comment_121746472

...welcome to financialisation, where everyones a winner!

Clo-Clo

https://www.boards.ie/discussion/comment/121746518#Comment_121746518

Celtic Tiger started in the mid 90's and people leaving college finally had chances. So house prices only started to increase because people stayed in Ireland. Before that it was which country would you end up in. I know because older cousins of mine moved to US/Canada/UK after school.

You are trying to say a time in Ireland when a lot of people had a future and had to leave was better than now when majority of adults can leave school/uni etc and get a job.

Wanderer78

https://www.boards.ie/discussion/comment/121746587#Comment_121746587

...bingo, this has occurred in most advanced economies, resulting in pretty much the same problems in all countries that have gone down this train wreck, i.e. highly dysfunctional markets, hyper inflated prices and serious supply problems, shur im sure it ll all be fine....

Clo-Clo

https://www.boards.ie/discussion/comment/121746587#Comment_121746587

Maybe, but they went up in Ireland because people had jobs in Ireland and opportunities we never had before.

Remember the rest of the World was the location for Irish to go and get work before Celtic Tiger

Wanderer78

https://www.boards.ie/discussion/comment/121746607#Comment_121746607

...theres absolute proof of this not just here, but globally....

...one of the main give aways with this approach is the rapid rise in private debt, which is credit based, very evident from our previous boom.....

Clo-Clo

https://www.boards.ie/discussion/comment/121746616#Comment_121746616

This is just nonsense because you made an error, just admit it and move on

Clo-Clo

https://www.boards.ie/discussion/comment/121746627#Comment_121746627

We are talking about Ireland, not globally. The reason house prices increased in Ireland was because people had jobs. The thread is about Ireland house prices, not the rest of the World

GreeBo

https://www.boards.ie/discussion/comment/121746394#Comment_121746394

This makes no sense.

So where do you think the people from Foxrock and Glasthule should live? I dont think you understand what a market is at all tbh.

Clo-Clo

https://www.boards.ie/discussion/comment/121746666#Comment_121746666

It's not only the market they don't understand. I have decided it is better to ignore.

GreeBo

https://www.boards.ie/discussion/comment/121746472#Comment_121746472

It has always been that not everyone can afford to live where they grew up or where they want to.

In my family 2 of us live near where we grew up, another one is further away and the 4th is much further away.

My parents were able to buy their house in whats currently a nice area, because they bought it new and it was built in an area that, at the time, was considered halfway up the Dublin mountains and was surrounded by sheep and fields.

You cant compare how an area is viewed now to how it was back then. Knocklyon was the back of beyond, now its far more acceptable & attractive to live there. You wouldnt have had anyone living in Stepaside as its was fields literally up the side of a mountain.

BlueSkyDreams

https://www.boards.ie/discussion/comment/121745140#Comment_121745140

What have SF promised that isnt pie in the sky populist notions?

Blut2

https://www.boards.ie/discussion/comment/121746574#Comment_121746574

No, you're the one attempting to move the goal posts here. I'm very obviously, and simply, saying housing was much more affordable in the 1990s in Ireland than now, relative to incomes. And it was much, much easier for someone to buy a decent home than it is now.

Given our home is the most expensive, and important, purchase most humans make in their lifetimes this is a huge drop in quality of life for Irish people. Our housing market is unquestionably much worse now for the average Irish person than it was in the mid 1990s.

Wanderer78

https://www.boards.ie/discussion/comment/121746650#Comment_121746650

...and once again, the main reason for our rapid rise in house prices has been the involvement of primarily the fire sectors(finance, insurance and real estate), this process is also called 'financialisation', under this process, the government is 'encouraged' (lobbyists!), to step back from providing critical needs such as, and in particular, housing, and to 'facilitate' these sectors, the so called 'experts', to do so, only problem is, the main aims of these sectors is in fact to extract as much as possible from these processes, and causing the rapid rise in the overall cost of such, this is also called 'rent seeking', or wealth extraction......

Clo-Clo

https://www.boards.ie/discussion/comment/121746680#Comment_121746680

People got 100% mortgages. Which was a bad idea and was well into the Celtic Tiger at that stage. No need to exaggerate with the 110%

Cheddar Bob

https://www.boards.ie/discussion/comment/121746666#Comment_121746666

I think it's unfortunate that housing that was built by the state from the 40s to the 80s in what would become Ireland's most exclusive locale is now being colonised by people who have the wealth to live elsewhere.

DLR was mostly wealthy by the 70s/ 80s. The government of the day recognised the people whose families were there for generations needed a place to live, and so built thousands of homes in Ballybrack and Shankill and rented them at affordable rates.

The government of today believes the workers who grew up in these areas by and large should feck off out of the place.

I think a fair balance would be for the state to build thousands more genuinely affordable homes in this area.

Your solution seems to be to let them live in Gorey.

Clo-Clo

https://www.boards.ie/discussion/comment/121746699#Comment_121746699

Honestly I seen you try post this stuff on a lot of thread, talking down to everyone. Ireland house prices suddenly jumped because the people who would normally emigrate now had the option to stay in Ireland and work, after decades of these people leaving the demand for houses increased and with that the prices. Also as I worked in the construction industry then the rates for builders shot up because of the lack of construction staff.

I do remember when Gateway shut they had interviews and two lads who had been let go planned on going onto the building sites and working.

Clo-Clo

https://www.boards.ie/discussion/comment/121746726#Comment_121746726

Of course you are not, some lad down the pub told me he got a 200% mortgage, sure while we are making up stories we might as well go all out :-)

The 100% mortgage was a terrible idea but about all we could have expected from a terrible regulator at the time

thereiver

House prices are high because the economy is booming and there's a shortage of houses for sale Most people would prefer to buy a house rather than a small apartment it's come to a point where only middle class people will be able to buy a house in Dublin it's market forces theres more jobs going than there are people to apply for them

Most houses in council estates are owned by the person living there

Clo-Clo

https://www.boards.ie/discussion/comment/121746698#Comment_121746698

We will end up in the same situation we had with the landlord post when you said they pay no tax and then admitted over 75% of LL do.

What is the "average Irish person"?

Wanderer78

https://www.boards.ie/discussion/comment/121746737#Comment_121746737

...and again, my opinions didnt just fall out of the sky here, as they actually come from very credible sources, including academic sources, one of which knew there was a serious credit crisis on the way prior to 08, due to all of this, they are still being largely ignored, and surprise surprise, we re now back in another credit fueled asset bubble, possibly more serious than prior to 08, and this now effects other, non property asset markets!

...and surprise surprise, lets default to neoclassical thinking again, i.e. demand driven, this is simply wrong, its again, primarily credit driven!

Weepsie

https://www.boards.ie/discussion/comment/121741012#Comment_121741012

As someone from D15, who was at the time bidding on houses in 2018/19 in the area, Coolmine, Clonsilla, Huntstown, HArtstownm Lohunda, Roselawn, house prices were generally starting at 285k.

Finding one was not remotely easy.

Hollywoodrath, New Builds were the same. They jumped up again since.

Cheddar Bob

https://www.boards.ie/discussion/comment/121746773#Comment_121746773

I've posted a list of links on the last page showing just how many mid 250s homes were going.

As for Hollywoodrath, you'd want to be sectioned if you are willing to pay top top dollar for an estate where a minimum of 15% of the homes will be sold to the council, and likely plenty more become council homes via long lease and HAP and what have you. I remember the video of the Nkenchos kicking off when a guard had the audacity to pull them over for a traffic offense. Imagine paying that much to live beside those lot. Not to mention how far it is from a pub.

Aesthetically speaking most new houses are an absolute mostrosity now anyway.

Weepsie

Many of the houses in your link are way over the estimate. Many that are in the bracket needed 10s of k worth of work. I looked at a lot of houses in the area at the time.

Some houses were private sales too, as in sold to family. Some were sold at auction to cash buyers. Most hosing stock was not available at the prices youre talking about in much of Dublin 15

Cheddar Bob

https://www.boards.ie/discussion/comment/121746864#Comment_121746864

This debate is increasingly ridicilious- you have absolutely no idea whether houses were sold to family members. It's like that other mouth claiming only Corduff natives were buying there without an iota of proof to back it up.

A young couple looking to buy a bog standard 70s/80s build 3 bed semi home for around the 250 mark were spoiled for choice in D15 before Covid hit. That is borne out in the PPP prices.

Things that can add a bonus to a house price in the area- walking proximity to the trains, home built in 2000s, home particularly well kitted out inside, en suite. And lest we forget the loons who care about nonsense like BER ratings.