Irish Property Market chat II - *read mod note post #1 before posting*

Can you quantify this and put in some figures or just look at my last post I have attached a previous post with figures

Sure I will stick to what I put up so as its figures from the last year and not out of date.

It not the fact that it's penny's. It's the fact that the clothes are worn a few times and thrown away.

Bullsh1t. I bought a house in 06 and it's still not worth what I paid for it. There is still value in the market. I see 3 bed semis in cork city for 250k and I think they are great value especially when you consider the cost of building.

I totally agree with your conclusion.

The part I disagree with is the idea that individuals like me need to out-save, out-bid and out-drive (to Longford and back) in order to buy houses when it is a societal solution required.

Nothing less than drastic policy change will fix the Irish housing market.

Theres no I in team.

Reading the last couple of pages comments here I said I'd give my own situation.

Went to college. Got a degree and a masters. Graduated 2011. You'd have barely gotten a job in a petrol station back then. People forget how bad it was. It was chronic.

Went back to working retail and started studying for my professional exams. Was on awful money and was young so it was being spent enjoying myself.

Started doing free work experience in law firms. Did a jobbridge in a law firm. Wasn't offered a position at the end of it.

Passed my professional exams.

Got an entry level job in an Irish Bank in their legal department. 24k. Was delighted with the money.

Spent a year there and then I got a traineeship to begin training as a Solicitor in 2015. This is what I went to college to study, what I did the professional exams for, and what I always wanted since college. The traineeship was going to be 2 years or so.

Had to pay for the professional practice courses myself. Normally your training firm pays it but it was still recession time. Then, when I was working in the office and not on the courses, it was minimum wage. Which was €8.65 at the time.

Qualified and thankfully the country was doing well again. This was late 2017, early 2018.

Began saving again.

Ended up meeting my current partner and we had a child. Unexpected.

But I didn't mind. I am a qualified Solicitor and kept getting more experienced and my salary kept going up. Kept saving away.

Then, pandemic hit. Partners job gone. She didn't bother getting another one as childcare costs too high to justify it and better to be with the little one anyway. Then, property prices soared.

Currently, I'm on 80k. Can't afford a property around my home town. Keep being out bid.

We don't pay rent, live with my partner's parents. Well my home house is up the road so we are between the two. I make and drink coffee mostly at home. Eat mostly at home. Although I do get some takeaways. As there is a pandemic we don't really go out anywhere or do much. As such I don't really buy new clothes. I've a 2007 car.

It's very annoying that I have one of the "traditional" professional jobs where years ago you'd be expected to be quite wealthy from and I literally cannot afford a simple 3 bed for my family. I'm not looking to buy in Dublin btw.

I'll keep saving away and I am hoping we can get something in a few months. We were going to look at 2 bed apartments but I'd prefer to keep saving and get a house as I don't want to be paying over the odds for an apartment and then not be able to sell it in a few years to get a house if prices came down.

I know I'm lucky to have a good and well paid job but it's incredibly frustrating the way prices are gone and the lack of supply and being outbid. It just makes it seem like no matter what we do to try catch up it just doesn't matter and rather than catching up with the market we are slipping further behind.

And you would never get a slot on How To Be Good With Money as you’re too normal.

There’s no entertainment value in a sensible young couple saving a lot, living a little and doing their best.

I can't see why he can't afford a house at this rate. Surely he's saving at least 20k a year.

I have a Skoda. It’s my dream to one day drive my very own Mazda.

For clarity

Pulling up the ladder culture refers to the systematic lumping of the costs of the last crash disproportionately on the youth and generations yet to come. This was done through employment terms and conditions plus reinflating the property bubble to bail out this most culpable for the crash ie banks, developers etc.

Again government(s) policy

Fair play to her. Plenty buying on their own now too but of course they usually get the bank of mum and dad sh1t thrown at them.

Your parents worked there asses off to help make a better life for you as did all other parents did back then. It's called human nature

It is kind of perverse that people pay taxes into a system from hard work that is spent driving house prices up thus making life more difficult for their children. Your working to improve your children's life, while your taxes do the opposite. Lunacy

Why can't people wake up to what is going on. This only benefits a very minute portion of wealthy people/firms to the detriment of all others

Timing excuse is bullsh1t. We could have run our country in a proper sustainable manner during the Celtic tiger and you and people who graduated in 2011 could have entered the housing and jobs market in a fair and balanced way.

The reason you did not is because housing was allowed to strangle the economy just as it is again today

"The definition of insanity is doing the same thing over and over again and expecting different results.”

more nonsense.