Couples on 107K can’t afford a home

dasdog

https://www.boards.ie/discussion/comment/122559404#Comment_122559404

I've enquired about five two bed houses in Dublin in the past few weeks:

-Three are still listed as For Sale and have been for months yet they are all Sale Agreed. The estate agent said they just leave them up in case the agreement falls through
-One ex-council two bed I went to see had a final offer of €646,000 (19% above asking price)
-I'm looking at a one bed apartment now for €445,000 granted in a nice area

That's the current reality.

Donald Trump

https://www.boards.ie/discussion/comment/122528900#Comment_122528900

Killiney to Blanchardstown is some "move" to be fair. I mean in terms of having some legitimate aspiration for one but reality being the other.

i.e. I'd doubt that when your parents bought their Killiney house, it was considered relative to the general population as equivalent to where Blanchardstown would be considered today. It's not just a "successive generations" being pushed out thing. If it is just the natural flow of things, then where should the next generation expect to have to resign their fate to - the side of a disused rubbish tip in Athlone?

GreeBo

https://www.boards.ie/discussion/comment/122561343#Comment_122561343

In a growing population its only logical that, at somet point, successive generations cannot live where they were brought up.

There is no real answer to this, you can slow it down somewhat by building high density, but it wont stop it. We cant yet grown new land.

suvigirl

https://www.boards.ie/discussion/comment/122560802#Comment_122560802

You seem to forget that Ireland is physically connected to the UK..…..with much easier border to pass then the channel tunnel or sea.

Avatar in the Post

https://www.boards.ie/discussion/comment/122563185#Comment_122563185

No, I haven’t.

thereiver

Theres a world of a difference between dublin 15 and killiney ,most people on high salarys cannot afford to buy a house in killiney ,or in rathmines .if you want to buy a house in dublin with a garden you,ll have to look further out.thats the law of supply and demand.this is happening in america and england and australia .

90 per cent of gen z workers will not be able to buy a house where they were brought up. People live longer ,

the no of houses built is way below demand.If a builder wants to build an estate he,s got limited options ,

he,s not going to buy land in rathmines as its too expensive.many planning applications are getting refused.

houses now are built to a higher standard with more expensive materials.this article is clickbait.

beggars_bush

They're clearly looking at the wrong type of homes in the wrong locations

blanch152

https://www.boards.ie/discussion/comment/122561343#Comment_122561343

Land is finite. Population is growing.

It is inevitable that people will not be able to buy in the places that they grew up in. It is the natural flow of things.

Those who grew up in Cabra now live in Ashbourne. Others that grew up in Killiney moved out to Arklow.

When my parents bought their house in Killiney, way way back in the early 1960s, it was a green fields estate with no services, equivalent to where Ongar would be today. I remember visiting friends of theirs growing up who were buying out in the wilderness of Templeogue.

Donald Trump

https://www.boards.ie/discussion/comment/122573553#Comment_122573553

Will Bono's successors be lining up to buy in Ongar? Ross O'Carrol Kelly did give it a reference in his new book I heard on the radio

blanch152

https://www.boards.ie/discussion/comment/122573561#Comment_122573561

That is a silly answer, not everyone has the wealth of Bono.

GreeBo

https://www.boards.ie/discussion/comment/122573553#Comment_122573553

This is the bit that todays wannabe home owners don't seem to get.

They look at the cost of houses in Rathfarnham or Killiney and cannot afford them, but scoff at the idea of buying further out.

Rathfarnham was deep in the sticks when I was growing up, 1 road in and out with fields of sheep all around.

blanch152

https://www.boards.ie/discussion/comment/122573649#Comment_122573649

Exactly, it has always been this way. Because land is finite, it will always be this way, unless we build up, but those wannabe home owners want it all, not just the location, but the three-bed semi-d with a garden as well. There simply isn't enough room in south county Dublin for them.

GreenPanda99

https://www.boards.ie/discussion/comment/122572061#Comment_122572061

Funny you should say that. I was talking to a colleague last year and we were complaining that there were no properties available that we could afford. A girl on far less salary than us said that she bought a 2 bed house in Blanchardstown for €200k.

The colleague said "Oh no, if i wanted to live in Blanchardstown i could buy 3 houses, Im looking in Dun Laoighre". I just left before i burst out laughing and got myself in trouble with both of them.

thereiver

You go on my home.ie daft.ie. Search houses 200k to 300k it's not rocket science. Yes you probably won't find a house close to your family or half an hour from your workplace but that's life .of course there's people who will only buy in certain areas because they are middle class

limnam

https://www.boards.ie/discussion/comment/122574939#Comment_122574939

Fussy c*nts on 107k refuse to buy where they can afford. This would be a more appropriate thread title.

lawred2

https://www.boards.ie/discussion/comment/122505615#Comment_122505615

Plonker

Dogsdodogsstuff

https://www.boards.ie/discussion/comment/122561343#Comment_122561343

Killiney to Blanchardstown , oh the hardship!!! Seriously , Killiney ?

I had to move from Sutton to near drogheda nearly 20 years ago. I got the train into work from Laytown and have raised a family here. Becoming an adult means having to compromise, instead of expecting the world to bend to your will and feeling sorry for yourself.

A lot of people down here made the move from Dublin because they had to , but they’ve made it work. I know people from Malahide, portmarnock , Sutton , raheny all down here. No snobbery or sense of entitlement ,just people accepting they had to move out further to get the accommodation they could afford.

I know somebody who could have easily had a home and settled for the last 3 years where they are actually staying. Instead they’ve held out for an area they couldn’t afford while house prices have shot up everywhere . Snobbery and refusal to compromise on their priorities (not their families need) was their problem.

Housing issue has been around for as long as I can remember. No government has made a decent stab at fixing it and many of us suffer because of it. But the sense of entitlement from some people really is astounding. You don’t deserve a right to live where you grew up because you grew up there. Get over yourselves and do what you can to make it work.

Donald Trump

https://www.boards.ie/discussion/comment/122577065#Comment_122577065

People who come from those areas do have a great headstart in life. It is a good thing in this country that things can level out somewhat based on work ethic and ability. Luck will play a factor too of course but it is progressive. Nobody said there was a "right".

The original point, which you misinterpreted was that Blanchardstown today is unlikely to be the relative equivalent of what Killiney was when the poster's parents were that age. It was nothing to do with entitlement.

Dogsdodogsstuff

https://www.boards.ie/discussion/comment/122577370#Comment_122577370

That’s life though, nothing stays the same.

My wife’s parents had to live in a one bedroom studio with 3 children until they moved to a suburb that at the time was probably considered having to move a bit out. They have a house that a person from killiney might be happy to live in.

I remember a time when moving out to where I am was the sticks. Each generation has a “different problem”. No doubt we all think we have it worse , but most people with a half decent income can buy themselves a family home, my in laws didn have that option when they had 3 children.

So it is still relevant, this idea that previous generations had it easier cause “they could live closer where they grew up” is one reason. It ignores everything else, including rampant poverty and the other tough things where people didn’t have the energy to worry about living near to family.

I have three young children, all of whom will probably struggle to live nearby. I don’t have any faith in any government fixing this issue because I haven’t heard of many western democracy’s do it and we usually follow others lead. I’ve also little faith in the electorate because we have the kind of self Serving politicians because of eithe lr voter apathy or their own short sighted interests.

So I see it more that I will bring my children up to be frugal with savings, not rely on others/government and be ready to adapt/compromise to make their lives comfortable. I also talk with my wife about maybe moving out a bit further when our kids grow up, buy a house with bit of land and get local planning permission to build them houses.

Unless there is some sort of catastrophe or cultural shift away from the dogmatic obsession with capitalism (and dysfunctional financial system), I can’t see solutions, so will prepare my children so they aren’t here in 15 years complaining they can’t live where they grew up.

Donald Trump

https://www.boards.ie/discussion/comment/122578010#Comment_122578010

You are looking at it from a very "self" point of view which is not what the original point was. The point was not about a person being able to live where they grew up. The point was that someone on a good wage cannot really hope to live there. Whether you are from Kerry or Killiney, you would need to be in the top x-percentile to live in Killiney now. You might say it was always the way, but it actually wasn't for previous generations. At least not to the same extent.

The bit about moving from there does have some relevance in that people who grow up in wealthier areas generally have a headstart. That is down to more than money as it can relate to life expectations and connections. If you grew up in Killiney in the 1990's, you probably saw everyone else going off to college. If you grew up in Kilbarrack in the '90s then you probably didn't. That is a big advantage, and maybe the most entrenched one. So if the people who grew up there, with that headstart, struggle, then it is going to be even more difficult for regular people.

thereiver

Housing issues have been getting worse for the last 10 years. Rents going up. Inflation rise in cost of materials shortage of builders. Increase in population. It pointless waiting for the government fix this problem maybe they can stop it getting worse . A low cost house is now 250!k

blanch152

https://www.boards.ie/discussion/comment/122577370#Comment_122577370

You are completely wrong on that.

My parents moved into a newly built housing estate in Killiney in the 1960s. It was built on open countryside.

https://en.wikipedia.org/wiki/Killiney

"South Killiney consisted of farmland, uncultivated hillside and woodland, a few large country houses (Ballinclea House, in particular, owned by the Talbot de Malahide family destroyed by fire in the early 1970s, and Rochestown House, near to the contemporary Killiney Shopping Centre), the convent of the Sisters of St. Joseph of Cluny, and Killiney Golf Club, a nine-hole course founded in 1903."

Those country houses with farmland were sold off for development in the 1960s and housing estates were built on that farmland e.g. Ballinclea Heights, Avondale Road etc. When I moved to Blanchardstown in the early 1990s, it was actually more built up with more services than when my parents moved to Killiney.

I never grew up with the entitled expectation that I could live where my parents grew up. It just wasn't possible, I had to move out further, that is the outcome for generations of people. It is only in the last decade that people have sought the impossible.

Wanderer78

https://www.boards.ie/discussion/comment/122578393#Comment_122578393

…theres actually no other way of resolving this issue without significant state involvement, the market based, financialised model is clearly catastrophically failing, but dont worry, this is not going to change anytime soon, if ever…..

Donald Trump

https://www.boards.ie/discussion/comment/122579161#Comment_122579161

Long considered one of south Dublin's poshest addresses, Killiney has been home to the rich and famous for well over 200 years. Back in the mid 18th century, Colonel John Mapas might not have been quite as famous as Bono is today, but he was certainly rich enough to afford the cost of building a large house on Killiney Hill.

https://www.independent.ie/life/home-garden/homes/killiney-penthouse-with-links-to-one-of-irelands-wealthiest-musicians/39657492.html

What are the chances of that article being re-written in 2040 with the word "Killiney" being replaced by "Blanchardstown" 🙂 …… you seem to think it is following the same trajectory. Good luck to you with that if that is your retirement plan.

thereiver

Its been like that for at least 10 years the no of houses for sale in certain areas is tiny killiney is a very posh area .sensible people work out i can borrow x amount now ok so what areas can I buy a house or apartment or do i prefer to pay rent for the next 10 years .

Capitalism is flawed and far from perfect but it seems to be the system that is fair and logical compared with communism or Russian government which relys on corruption or bribery and we have social housing for those on lower incomes

Dogsdodogsstuff

https://www.boards.ie/discussion/comment/122578312#Comment_122578312

I am looking at it from multiple angles. One is self, not relying on the state or others to make the world convenient for me. This is empowering as you can adapt to the world better rather then fighting against a dysfunctional system.

The second is seeing the flaws and dysfunction and estimating the probability it will be rectified. I see in general , lifestyles improving but a disproportionate disconnect between rich and poor. That’s the way the world is, capitalism is becoming more like the feudal system , but history has a tendency to repeat itself.

That aside, as population grows, you can’t keep building on shrinking land. Personally I don’t believe high rise cities is good for anybody’s health. Regardless transport and infrastructure is improving and the increase in work from home and job flexibility makes living in the city less and less important.

Are you saying house prices will keep increasing proportionately and people will have to keep moving out further ? That’s what I imagine the way it works most places. Supply and demand and of course location location location.

To be fair and clear , what are you proposing exactly ? Maybe I’m not fully understanding your point.

Donald Trump

https://www.boards.ie/discussion/comment/122580227#Comment_122580227

Capitalism, is fine. The problem is, and has been, the government subsidising those who already own property via different schemes - both directly and indirectly.

The country's finances were constrained after the crash, but when that relaxed, more focus was put on inflating house prices back up again for the benefit of those that already owned. And that continued.

Now we have a situation where prices are not made by the meeting of supply and demand curves, but by the meeting of supply and "demand + state money".

Donald Trump

https://www.boards.ie/discussion/comment/122580441#Comment_122580441

not relying on the state or others to make the world convenient for me.

Would you put the current state of the housing market down then to the individuals over-relying on the state to make the world convenient for them? The eponymous scrounger wasters of the thread title on 107k a year, siting on their arses waiting for handouts?

I think it's the opposite. The State's policies have messed up the system to the benefit of the "haves" and to the detriment of the "have nots". The difference between the former and the latter is often only age. Land tax should have been levied against speculators for years. And for as long as I've been commenting on the topic on here I've said that. The State should cut all supports and subsidies to the private market. It's activity in the market should be limited to it's own building and rental. They need to go back to building entire estates or developments of social housing. They can keep requirements for a mix on private developers if they wish but they need to restart their own pure social housing mixes. If they cannot do it directly themselves in the near term, and private developers are trying to screw them, then bring in modular housing units en-masse and/or give contracts and visas to massive foreign construction firms to get in and get the job done and get out.

blanch152

https://www.boards.ie/discussion/comment/122580633#Comment_122580633

The difference between the former and the latter is often only age????

What a ridiculous comment. Those older people have worked for 40 years paying off a mortgage, sacrificing holidays, sacrificing lattes in the morning to pay that mortgage. The younger people you identify with don't want to wait 40 years, don't want to sacrifice holidays etc.

Donald Trump

https://www.boards.ie/discussion/comment/122580657#Comment_122580657

What kind of nonsense is this?

The point I generally make against these type of boomer posts is a simple one.I ask the person - usually condescending against a younger demographic, going on about how their boomer position is purely down to sacrifice and hard work - is whether they (at the senior end of their boomer career with presumably their highest income) would be able to get a mortgage to buy their own home today with the standard deposit and mortgage the rest. Often the honest answer is "no". If they can't do it today at the senior end of their career, how on earth would they expect they could do it today if they were younger and at the start of their career?

You see they don't want to admit that their massive privileged position (relative to younger people) is down to happenstance of timing of birth rather than some delusion of it being solely sacrifice or hard work or intellect.

You may or may not be old enough to be in the "boomer" demographic yourself, but you mention buying in the 90's so I'll presume you are fairly senior in your career and I'll ask you to perform the same thought experiment. Imagine you have no house. You have a 10% deposit and are going to get a 4X mortgage yourself. Where are you buying? If you cannot buy in a location you would like to buy, it that simply because you don't want to sacrifice your holliers?

Imagine complaining that young people don't want to wait 40 years for a house …… .

blanch152

https://www.boards.ie/discussion/comment/122580681#Comment_122580681

It isn't down to happenstance of timing of birth, it is down to hard work and sacrifice. I wasn't on a plane until I was 20 years old, that is not something that most of young middle Ireland can claim today.

They want the holidays, they want the nights out, they want the nice car, but we couldn't have those and have a mortgage. We lived through the depression era of the 1980s when those that stayed struggled to keep things together while most had to leave. It wasn't then the choice of a job in the fake slave economy of Dubai, it was go to London to work on the sites.

When I bought a house for the first time, my partner and I were both working, we were pushed to the limit. I was in the Civil Service at the time - the same point on my scale then is now €45k. My partner was on a similar income to me in the private sector then, so you can assume that she would also be on €45k (though I would think a little more, as public sector salaries haven't risen as fast as the private sector over the last 40 years). With a combined income of €90k, and a 10% deposit, (house price of €400k) we would be looking now at buying a house in a less good location, but that was what we had to do compared to our parents.

Our first house was a small 3-bedroom. We could easily find a three-bedroom house in Dublin for €400k, there are 400 available on myhome.ie However, we would have to make the same sacrifices now that we made back then. Some of the young people of today are not prepared to make those sacrifices. Some of them are, which is why we have the highest number of first-time buyers ever in the history of the state.

Gary_dunne

https://www.boards.ie/discussion/comment/122580988#Comment_122580988

It isn't solely down to "hard work" as you put it. A couple in the 1980's both with jobs in Dunne Stores were given mortgages by banks. House prices were on average 3 or 4 times the median salary throughout the 80's. House prices are now 7 or 8 times the median salary.

It doesn't matter how many lattes you think young people have, it is a different world in the market compared to when you were buying.

Try and buy some of the 400 3 bed houses you think that your 400k budget can buy and get back to me on it when you discover that they're selling for 450k+. A 400k budget (mine and my partners) are shopping in the 325/350k range.

We paid the deposit on our property yesterday, a nice 2 bed in Swords that went 45k over asking price. It's not the dream home but it's a start.

Donald Trump

https://www.boards.ie/discussion/comment/122580988#Comment_122580988

This is yet more nonsense. Equating not being on a plane til you were 20 decades ago as some kind of sacrifice compared to a kid today with the option of a 19.99 Ryanair fare to wherever. Someone of your parents age probably puts the housing debacle down to young people today wanting electricity and indoor toilets and attributes the million-plus quid their ex-council house bought for a pittance to nothing but their own hard work.

All I can say is that we've heard it all now when with the sob stories of the hardship endured by public sector workers in the 1980's and 1990's. Oh, the humanity. Let the young of today eat cake.

blanch152

https://www.boards.ie/discussion/comment/122581592#Comment_122581592

I also lived in a rental bedsit with partner and child while saving for a deposit. A kip, but we are told on these threads that a mid-20s young person DESERVES to live in a two-bedroom apartment!!

Donald Trump

https://www.boards.ie/discussion/comment/122581656#Comment_122581656

Interesting. Who is telling you that on these threads?

The entitlement and DESERVES are mainly the boomers who want the system to keep pumping up their asset prices. They got their houses relatively handily as their previous generations handed them a fair system. Not only did they take that handout and hand-up from the previous generation, they then decided to get greedy and try to figure out who they can leech off the generations coming behind them. That is why the system is how it is now.

The ultimate irony is that it was probably easy to get a council or other house in one's mid-20's when you were that age. You didn't get one, but it still released the pressure valve on the market which would have benefited you indirectly. When you bought your house you probably weren't trying to outbid the local authority trying to buy it with the bottomless (from their perspective) pockets of the public purse.

Standards naturally improve over time so it is not legitimate to try to compare across generations. Your temporary bedsit would probably have been relative luxury compared to the tenements of a few decades prior.

thereiver

Unless you want to move to Russia or China you,ll still have to deal with capitalism. You probably won't hear people complaining too much when the house they own go,s up in value

and eventually gen z will inherit homes from thier parents .

Donald Trump

https://www.boards.ie/discussion/comment/122581859#Comment_122581859

Again, capitalism is fine. The problem is the state subsidising and interfering in the market. The latter is what happens in reality and the reality is most definitely not the former. There is usually a certain cognitive dissonance with people who don't want to admit or recognise when something is blatantly to their advantage

Billions of public money and subsidies flung into the private market every year.

Most necessary goods and services are actually regulated in some form or other. Just that for housing, the interference acts to the detriment of the end consumer

thereiver

We had a housing crash in 2008 , many builders went out of business and left ireland as the economy slowed down.we had ghost estates with empty houses.Now we don,t have the capacity to build the no of houses to even catch up with the backlog .Materials are more expensive and we have a shortage of building workers we also have issues with infrastructure .We should be building 10 storey apartment blocks in citys to keep up with demand. This was discussed on the pat kenny show , even if we could import 10,000 builders where would they live?

they would be spending most of their income on paying rent .

Donald Trump

This came into my youtube feed. Probably google cookies tracking but regardless I think it is relevant for here. I have no idea who this fella is

https://www.youtube.com/shorts/-7LnxKfIeCo

silverharp

https://www.boards.ie/discussion/comment/122581859#Comment_122581859

if the gov would get rid of inheritance tax it might be ok, something you will get hit for if you live in Dalkey or Finglas

spillit67

https://www.boards.ie/discussion/2058364493/couples-on-107k-can-t-afford-a-home

Has it been pointed out yet that this is terrible “research” from the Institute?

The borrowing limit is not 3.5x, it is 4x. The use of 3.5x is them taking the average of mortgage draw downs and rounding up slightly. It is ridiculous to do that when the CBI rules are 4x. There are a number of reasons why the average drawdowns are at that level.

Potential-Monke

3.5x or 4x €30k is still nothing. That's what I'm currently on. Also not a FTB as I did have a house but recession, change of jobs (for mental health), and other normal factors meant I had to sell and take a hit.

Looking for now, all I could maybe get in the entirety of Co. Limerick (not city) is an overpriced site or a basically derelict building on a tiny site. Tipp not much better.

I've no hope of buying.

There are 4 properties to rent in Limerick, 2 of which would take all or more of my wage. One is 800 for just a bed, and the last would take half my wage and in a crappy area. No point looking further afield because I wouldn't be able to afford to travel to/from work.

I've given up on being able to buy/rent for the foreseeable future. I'm part of the statistics of 40+ year olds living at home. In fact, it would be great if I could officially live at home, but my mother would lose some oap benefits. Not if its someone who isn't an immediate relative though, which makes no sense. So I'm technically homeless. Thanks state!

thereiver

You could team up with another person to buy a 2 bed dwelling maybe an old 2bed house

Thespoofer

https://www.boards.ie/discussion/comment/122581079#Comment_122581079

Good luck with your house.

GreeBo

https://www.boards.ie/discussion/comment/122581079#Comment_122581079

Why on earth would you be expecting your first house to be "a dream home"? Why is this even a thought that springs into your head?

This is the latte infused though process that makes everyone a victim today.

I'm not terribly old and grew up in what is now a nice suburb, but previously was in the sticks. My parents had to scrimp and save just to get that. We were not poor, but we holidayed in Ireland in a caravan all my life, McDonalds was something that people on TV had. If we were extra lucky we might get orange juice once a week. Our 2nd (at least) hand school clothes came from neighbours with older kids, that's just how things worked back then, our school books were covered in wallpaper, we had 1 car. You were delighted with yourself if you got an actually new pair of runners, even if they were Sizzlers.

The idea that you go out and buy your dream home straight off the mark is just insane to me.

I have money now, but I still live frugally, we shop in Aldi & Lidl, our kids wear Pennys clothes (or more often than not handmedowns), the wouldn't know what a pair of Nike runners were if you showed them.

Why do I see all the people who cant get on the property ladder out having coffees and market lunches in the park on a Saturday, their kids decked out in the latest Nike gear, probably with a €100 premier league shirt on the 6 year old? If they need sports gear its Decathalon or SportsDirect.

The average outgoings for a couple looking to buy today, based on what I anecdotally see, are incredible. They are spending more than I do, yet somehow claim that they cannot save.

I completely agree that the market is pretty messed up at the moment, giving people money because house prices are "too" high is only going to drive house prices higher, but you still have to do your bit yourself. Throwing a fifty into the bank once a month while going on holidays twice a year is just laughable.

GreeBo

https://www.boards.ie/discussion/comment/122581592#Comment_122581592

To eat that cake they would first have to come home from their Taylor Swift concert in their taxi, (assuming they didn't fly to London to see her of course).

If you are saving for a house, why are spending €19.99 to fly anywhere? Either you are saving all you can or you are not.

"ohh but I have to be able to liveee! (in Barcelona for a quick city break)"

GreeBo

https://www.boards.ie/discussion/comment/122584414#Comment_122584414

To be fair, you are earning not much above minimum wage, if you think someone on minimum wage should be able to buy a house for themselves, then what price do you think these properties would be, and can you explain why you think those earning far more than minimum wage wouldn't just buy them all up and rent them?

How is €800 half of your income if you are on €30k?

gormdubhgorm

I just saw this headline on the OP. Yes I realise it is difficult for people to get on the housing ladder.

But there are two sides to every story, young people spend eat out (there is a thread on boards "has eating out become a luxury" with no hint of irony), they buy over priced coffees, spend loads on clothes, iphones etc. Then wonder why they can't save.

A lot of people don't know how to budget, let's be honest. They live for now not thinking of the future.

In other European countries it is common to rent and not buy homes. The Irish psyche of having to own a home is ironically still a tradition that has held up.

Plus in the future in Ireland people will eventually move further and further away from Dublin looking for cheaper homes. Discovering the "wild west". Thankfully with the new culture of remote working (thanks to Covid) it should be less of an issue for people.

Potential-Monke

https://www.boards.ie/discussion/comment/122596729#Comment_122596729

I'm not saying I should be able to buy a house on my wage, I was just pointing out that whether it's 3.5x or 4x your wage that one can get in a mortgage, it's still not enough to even have a look at the market. But previously, renting was still affordable on near min wage. Now, it's not. When I got my first mortgage, renting was cheaper.

The €800 was mentioned as the cost to just rent a room somewhere, not a place to myself. Followed by a separate reference to another property which would take half my income. Add in the increased costs of bills, etc, and I'm priced out of renting too. That was my point. Not that I should be able to get a mortgage, but that I've no other options either. I'm priced out of both markets.

I'd love to earn more, but choices are limited at my age and abilities and having been made redundant 3 times in a row in 8 years didn't help. But right now, this is what I have. And what I have won't even get me a smell of either market. It wasn't always like this. That's the point. And it doesn't look good for the foreseeable. Inheritance is my only option and I'm lucky to have it, just hope my siblings don't change their minds.

Gary_dunne

https://www.boards.ie/discussion/comment/122596690#Comment_122596690

Not once did I mention that I was expecting to buy the "dream home". We have bought what is affordable to us within our budget, in fact we're getting a 80% mortgage for it. I literally said "It's a start".

We have money, and trust me I'm as frugal as the next person, shop only in Aldi, majority of my clothes are from Penny's & charity shops and very rarely go out for meals as I enjoy cooking. Haven't been out of the country or even more than a 2 night stay in Wexford for over 2 years while saving for the deposit.

Fair play to you on making incorrect assumptions on mine and others lifestyles based on an overused stereotype.

I'm lactose intolerant so no Lattés for me.