Couples on 107K can’t afford a home

Avatar in the Post

https://www.boards.ie/discussion/comment/122557761#Comment_122557761

In case there is any doubt I’m in no way advocating Ireland leaving the EU, what with having a function brain.

volchitsa

https://www.boards.ie/discussion/comment/122558013#Comment_122558013

Yes, I saw that you said it was the lesser of two evils, so I wasn't accusing you of advocating for that. I was just pointing out that leaving the EU didn't reduce the number of immigrants arriving in the UK. Instead, EU migrants have simply been replaced by migrants from outside the EU.

So you'd have to explain in detail how/why it would go that way in Ireland when the exact opposite happened in the UK, despite the Leave side claiming that as one of their main reasons for leaving.

OscarMIlde

https://www.boards.ie/discussion/comment/122557895#Comment_122557895

I wouldn't take the price on DAFT as necessarily what a house is worth. I bought within the last few years and we paid nearly 90 thousand over initial listing price.

thatsdaft

https://www.boards.ie/discussion/comment/122559247#Comment_122559247

Especially homes that are up for auction the prices for those on daft do not match with final bids, agents deliberately set price low on daft to attract attention

Property register site should have the real sales prices, maybe someone can scan it somehow

limnam

https://www.boards.ie/discussion/comment/122559247#Comment_122559247

If you reduce it to 300k which is 70 odd k under what 107k can buy. You're still looking at in excess of 2.5k properties that are at least a house and min 3 bed.

Anyone suggesting a couple on 107k can't afford a home is talking out of their jaxy.

combat14

good news for UK home buyers as Lyods Bank Group will provide mortgages worth up to 5.5 times household income – and other lenders could follow suit

perhaps the irish banks here will follow suit so we cam drive house prices here to the moon again ;)

hometruths

https://www.boards.ie/discussion/comment/122559467#Comment_122559467

Never mind the Irish banks, govt here has already followed suit.

FTBers can borrow 6 times their household income if they avail of the First Home Scheme.

At least in the UK Lloyds is taking the risk.

Here the taxpayer, i.e you and I, are taking the risk!

https://www.boards.ie/discussion/comment/122559467#Comment_122559467

They are not allowed to, the government set the current limits after they bailed them out.

hometruths

https://www.boards.ie/discussion/comment/122560015#Comment_122560015

And then circumvented the rules when it suited

Avatar in the Post

https://www.boards.ie/discussion/comment/122558920#Comment_122558920

It’s a moot point, but Ireland being on the edge of Europe it would be far easier to control its borders if it really wanted. The UK is physically connected to Europe because of the Chunnel, with migrant camps on the French side in Calais with the sole purpose of getting to England. The sea to England from France is far easier to cross than GB to Ireland.

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.