Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

What Will happen when Generation Rent Retire?

135678

Comments

  • Registered Users, Registered Users 2 Posts: 8,246 ✭✭✭Esse85


    And if you really want that big house, you work your hole off, you make plans and goals and work on them every day to make progress towards that big house.

    Too many people want what they can't afford, blame the state and everyone but themselves for where they are at in life. It's easier blame the government rather than shine the spotlight on yourself and look in the mirror.

    Same people rather watch Netflix in the evening, post on boards all week, get drunk on weekends than invest in themselves and their future.



  • Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    I was chatting to a lady from Belfast a couple of weeks ago... she lived around Carrickfergus and was looking for a house to buy as was downsizing... expected to pay around £300k...

    We were comparing notes and i asked her how much a 2up 2 down starter be in a reasonable area in Belfast... she said about £160k...



  • Registered Users, Registered Users 2 Posts: 10,786 ✭✭✭✭tom1ie


    What’s your point?

    I asked what do other countries do in this situation.

    I included Asia along with the continent of Europe.

    Why can’t we do what those other countries do?



  • Registered Users, Registered Users 2 Posts: 1,766 ✭✭✭oceanman


    sounds great...thats if you dont mind being on a waiting list for the next 12 or 15 years!



  • Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    Your the one who made the comparasion so its you who is making the point...



  • Registered Users, Registered Users 2 Posts: 10,786 ✭✭✭✭tom1ie


    Ok.

    I really don’t know what the hell your on about and I’m not gonna spend the whole day trying to explain that question to you.

    So best of luck enjoy your Sunday.



  • Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    You don't know what your talking about yourself.. you make a point abojut Asia and try to give dsomebody else ownership of it...

    Explain what...



  • Registered Users, Registered Users 2 Posts: 10,786 ✭✭✭✭tom1ie


    Sigh.

    My point about Europe doesn’t come into it no?

    I’ll try again.

    What do other countries do with people who don’t own houses and then retire?

    Do those people just not retire?

    Do they live with other family members who do own houses?



  • Registered Users, Registered Users 2 Posts: 4,426 ✭✭✭maestroamado


    I understand what you mean that each single family member have a house of their own... its a very good point as single professionals now expect to have a home of their own wheras in the past it was always the norm to be in a long term relationship before consider buying houses...

    Its an interesting way to look at it...



  • Registered Users, Registered Users 2 Posts: 15,608 ✭✭✭✭elperello


    With respect you are asking questions that require very detailed and comprehensive answers.

    Other countries have different cultures, different family structures and different housing stocks etc.

    There is no one size answer to cover all of Europe or Asia.

    That's not to say that we couldn't learn from the experiences of other countries.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 10,786 ✭✭✭✭tom1ie


    Agree with most of above, however there are similar developed countries to our own such as Germany, France Denmark etc that will have come across this problem already.

    So what are they doing?



  • Registered Users, Registered Users 2 Posts: 3,706 ✭✭✭Montage of Feck




  • Registered Users, Registered Users 2 Posts: 1,067 ✭✭✭Murph85


    There is just no way, you can expect to go to college, get some arts degree etc and afford to live comfortably in Dublin. The cost of living is scandalous. But our useless government wont do anything about it or look after working people. You will have to take matters into your own hands and control what you can... non of us here, will be able to claim the " in hindsight " easy card of living off the state, free luxury housing and few cash in hand jobs. Waiting 12-15 years isn't an option.



  • Registered Users, Registered Users 2 Posts: 1,067 ✭✭✭Murph85


    I would strongly assume they have appropriate propery tax rates to deter inefficient use of housing. They likely also have proper local retirement housing as an option. This should now potentially be added to all new developments in Dublin, where appropriate...

    Isnt it amusing, paying a few cents a day for water or lpt causes world war three. Yet people renting or looking to buy, should whore themselves out for every cent they have on runaway propery prices, but that is deemed fine or fair..



  • Registered Users Posts: 296 ✭✭Ham_Sandwich


    by the time it's a problem Sinn Fein will be in power ands we will be sorted out with houses.



  • Registered Users, Registered Users 2 Posts: 32,136 ✭✭✭✭is_that_so


    There's always a current outraged reaction to things. People tend to forget or ignore just how long it takes to stabilise a housing market. In our case it's all sectors - rental, private and social. With interest rates likely to go up later this year it should ease house prices plus houses building is really taking off with possibly up to 35,000 in 2024.



  • Registered Users, Registered Users 2 Posts: 13,920 ✭✭✭✭Dial Hard


    Could be worse. I've to move home shortly as the house I've been renting for almost a decade has been sold and I'll be paying €500 a month for the privilege 🙃



  • Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 39,606 CMod ✭✭✭✭ancapailldorcha


    What could have been an interesting thread about a very real problem has turned out to be nothing more than strawmen, lazy generalisations and ageism.

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Registered Users, Registered Users 2 Posts: 29,909 ✭✭✭✭Wanderer78


    you d be extremely naïve to think sf are gonna wonder in, and sort things out, theres astonishing complexities involved in our property problems, its very likely we ll still be dealing with serious property problems heading into the next decade, i.e. well beyond the next government....

    whos gonna be borrowing the money for this?



  • Advertisement
  • Registered Users Posts: 970 ✭✭✭AdrianG08


    The amount of folks who whinge about not being able to buy/that rents are too high, yet have every luxury available to man (Netflix, sky, justeat rolling up at the door 3-5 nights a week, holidays away etc..) Is astonishing.

    Nowadays people look after that stuff first and essentials come second. That's a fact. It's the consumer world we live in. Even people on job seekers with sky tv subscriptions and regular nights out. People don't know how to take responsibility. It's far easier to whinge.

    There is a cohort on low wages who break their neck to work any God given hour and direct their money to essential expenditure forgoing luxuries as just that, luxuries one cannot afford. Social housing is designed for these people.



  • Registered Users, Registered Users 2 Posts: 29,909 ✭✭✭✭Wanderer78


    ...oh dont get me started, and avocados and toast, ffs!



  • Registered Users, Registered Users 2 Posts: 3,989 ✭✭✭0ph0rce0


    If I could go back to my youth I'd just be banging my name on the housing list at 18.

    Taking a nice handy job that keeps me under the threshold for social housing. No stress and enjoy my youth.

    Maybe take advantage of their free college places and courses to upskill in the meantime.

    Hopefully by mid to late 20's you get your house and then start working on your career. Once you're in sure there's only a maximum rent you pay no matter what you earn.

    Work your way up to a Higher salary, No mortgage over my head for the rest of my life, will also be housed in the area I choose, thousands more in disposable income than the average working taxpayer with a giant mortgage.

    That's where it's at.



  • Registered Users, Registered Users 2 Posts: 10,785 ✭✭✭✭padd b1975


    If you haven't got your sh1t together (home ownership or adequate pension) after a 50 year working life, you're not going to be getting much sympathy from me.



  • Registered Users, Registered Users 2 Posts: 5,367 ✭✭✭JimmyVik


    Government looking for a reason to raise the retirement age to 100.

    You work til you die.



  • Registered Users, Registered Users 2 Posts: 5,367 ✭✭✭JimmyVik


    If you dont have the money you go on the list for one of those €500k swish pads that they are giving away for free in Malahide.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 5,367 ✭✭✭JimmyVik


    My ex-wife is from Turin. Two of her siblings still live with her elderly father in a little apartment in the center of the town.

    I wouldnt hold that apartment up as a blissful life renting on the continent. Its a hole. And they all have good jobs too, but cant afford the rent for a decent place themselves. One is an engineer and one is an optometrist. The father is a retired watch maker. She has another brother who got married and left the apartment to rent an equally dingy hole with a wife and 3 kids.

    Sorry for rambling. In answer to the point, people sure to rent in other countries, but its not as rosy as people imagine. Its also considered an success in other countries to get out of renting.



  • Registered Users Posts: 364 ✭✭Xidu


    at least in Ireland the poor/rich gap isn’t as crazy as in China, India, USA.

    go to those countries and you will find so many homeless people

    in China it takes 3 generations savings to buy a house



  • Registered Users, Registered Users 2 Posts: 29,909 ✭✭✭✭Wanderer78


    ...and in japan, it takes many generations to service their debts!



  • Registered Users Posts: 2,841 ✭✭✭TomTomTim


    Most poor people believe it or not don't care what the rich do once they are looked after, so it's inconsequential. America is an odd comparison too, as areas with high homeless rates are areas with high demand. You can find cheaper more affordable housing in many places in America, which can't be said about Ireland at the minute.

    States with most homelessness :

    • California (151,278)
    • New York (92,091)
    • Florida (28,328)
    • Texas (25,848)
    • Washington (21,577)
    • Massachusetts (18,471)
    • Oregon (15,876)
    • Pennsylvania (13,199)

    Nearly everyone of those states are states that deal with large influxes of immigration too, which at least partly leads to the problem that you speak of.

    “The man who lies to himself can be more easily offended than anyone else. You know it is sometimes very pleasant to take offense, isn't it? A man may know that nobody has insulted him, but that he has invented the insult for himself, has lied and exaggerated to make it picturesque, has caught at a word and made a mountain out of a molehill--he knows that himself, yet he will be the first to take offense, and will revel in his resentment till he feels great pleasure in it.”- ― Fyodor Dostoevsky, The Brothers Karamazov




  • Registered Users, Registered Users 2 Posts: 29,909 ✭✭✭✭Wanderer78


    rapidly rising inequality is ultimately the cause of these issues, immigration is commonly used to blame for this, but generally little or nothing to do with it



  • Advertisement
  • Registered Users Posts: 296 ✭✭Ham_Sandwich


    Sinn Fein will tax the bankers and use the money to provide housing, healthcare, education, bins we'll all be looked after if we vote them in.



  • Registered Users, Registered Users 2 Posts: 29,909 ✭✭✭✭Wanderer78


    hahaha no they wont, they ll try, but they ll more than likely fail, taxation is only one part of the solution of this problem, and you ll find, wealth is a very slimy beast that has a tendency of slipping out of paying it, so.......



  • Registered Users Posts: 2,841 ✭✭✭TomTomTim


    Nonsense. It's at very least partly the reason. It's simply a numbers game; more people, more need for homes, which results in a rise in cost of living, and all that leads to inequality. It's like adding 2+2 and getting 0. It's not an opinion, it's factual true, no matter how much the deniers will deny it. You haven't even made a point either, you've simply said it's "inequality", which means little when you haven't explain how said inequality has came about. It's like blaming "the system" without ever understanding how the system works.

    “The man who lies to himself can be more easily offended than anyone else. You know it is sometimes very pleasant to take offense, isn't it? A man may know that nobody has insulted him, but that he has invented the insult for himself, has lied and exaggerated to make it picturesque, has caught at a word and made a mountain out of a molehill--he knows that himself, yet he will be the first to take offense, and will revel in his resentment till he feels great pleasure in it.”- ― Fyodor Dostoevsky, The Brothers Karamazov




  • Registered Users, Registered Users 2 Posts: 4,033 ✭✭✭spaceHopper


    Their co living housemates will throw them a retirement party, after that they will return to their accommodation pod, which will be filled with night night don't wake up gas. It will then be re-rented at +50% and whoever gets it will be happy or else.



  • Registered Users, Registered Users 2 Posts: 29,909 ✭✭✭✭Wanderer78


    ah yea, usual bullsh1t, once again, we largely store wealth in the value of assets such as property, and public policies for decades has been to protect asset ownership at the behest of non asset owners, noting asset ownership such as property is heavily skewed in society, more so towards older wealthier generations, i.e. shafting younger generations. to add insult, during this period, public policies have also been geared towards undermining labour markets, which has lead to low wage inflation, stagnant in many cases, particularly in many regions in the us, rising precariousness of employment, zeros hours etc etc, so nicely fcuking over non asset owners, primarily younger generations, and blah blah blah. we d call these the actual facts, as oppose to 'alternative facts'!



  • Registered Users, Registered Users 2 Posts: 2,338 ✭✭✭Bit cynical


    Unfortunately the educational system does not equip people to think ahead.



  • Moderators, Society & Culture Moderators Posts: 12,813 Mod ✭✭✭✭riffmongous


    I hate the Netflix generalisation, it's so feckin lazy. Do you know why most people have it? Because it's actually easily affordable (at maybe 10 euros a month) compared to the rent people are paying (~1000)



  • Registered Users, Registered Users 2 Posts: 32,136 ✭✭✭✭is_that_so


    Rent is high because of low supply and high demand. The supply issue should start to change over the next few years as well.



  • Registered Users, Registered Users 2 Posts: 32,136 ✭✭✭✭is_that_so


    Is this an entry for a Bloomsday Joyce writing style competition. When were paragraphs "cancelled"!?



  • Registered Users, Registered Users 2 Posts: 32,136 ✭✭✭✭is_that_so


    Do you actually have any useful solutions or proposals? All you seem to do is rant on and on about the problems. I have no idea who will buy them, that's the projected levels of builds out to 2025 or so, a point at which supply will be adequate.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 7,107 ✭✭✭amacca


    It wouldn't matter if it did...the vast majority of the students wouldn't bother to do so.


    And that's a good thing for the small minority that do think ahead.....imagine the competition if everyone was a rational actor and not an infantilised man/woman child well into their 30s (sometimes 40s)


    I always liked morons growing up, made the game easier.



  • Registered Users, Registered Users 2 Posts: 4,370 ✭✭✭Potatoeman


    I bought my apartment ten years ago. I stayed out during the boom and bought during the crash. Ten years renting was a waste of money and a hassle, I moved six times. I should have bought a place as soon on as possible as the limits changed during the crash. Even being in negative equity isn’t that bad if your going to live there forever. That said I have five years left on my apartment mortgage and I’m 40. Others got a raw deal that bought at the top too, into places they didn’t intend the stay in.

    Rents are crazy, my mortgage is 800 and to rent would be 1500. Ten years ago I was renting a house in Drumcondra for 900 euro today it would be 2-3 Times that, it’s not sustainable. Crazy increase for ten years. Young people renting and not living with parents have no chance. They can’t save and it’s spitting in their face telling them they are not being fleeced. Those living with their parents should be grateful they can and save as much as possible to pickup something in the next crash which is not far away.





  • My late mother, born 1920, used to tell me about how she and my Dad afforded to buy their semi-d. She had a job with British Rail/Sealink (or it’s past equivalent) which paid relatively well, virtually all her money was saved, except she attended School of Art part-time. Everything she had was hand-made. When she got married she had a substantial deposit saved, more than my Dad did, and in their early married years all furniture was initially pallets, boxes, then hand-me-downs, they virtually starved themselves and never ever went out. She never attended hairdressers and cut her own & my Dad’s hair. As for holidays, her sister’s house in Bray hosted those.



  • Registered Users, Registered Users 2 Posts: 21,186 ✭✭✭✭Ash.J.Williams


    That’s my plan , sadly after 60 we won’t fit the company culture and will be forced to retire/die



  • Registered Users, Registered Users 2 Posts: 1,293 ✭✭✭Viscount Aggro


    The guys doing the food delivery on bikes, mopeds. Where do you think they are living.. no way they are shelling out e900 per month.

    My point is, if you want to get a bunch of money for a deposit, you need to go extreme. I don't buy these excuses about renters not being able to save.

    It's possible, and I've done similar, was putting away 4k per month over last few years. I had a unique living arrangement, and was not living at home. Enough said.



  • Registered Users, Registered Users 2 Posts: 3,894 ✭✭✭monkeybutter


    great idea, youd be waiting till you died to get off the housing list, its not fixed, you mad yoke



  • Registered Users, Registered Users 2 Posts: 3,894 ✭✭✭monkeybutter



    theres nowhere to live outside dublin either, its almost worse there



  • Registered Users, Registered Users 2 Posts: 3,894 ✭✭✭monkeybutter


    i think you are spoofing of course, but what did you spend 10 years wages on?



  • Registered Users, Registered Users 2 Posts: 3,894 ✭✭✭monkeybutter


    prostitution?


    those lads aren't living really, they are just here to send money home



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 1,293 ✭✭✭Viscount Aggro


    Yeah, it's a pain in the Swiss.



Advertisement