What Will happen when Generation Rent Retire?

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

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.

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?

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.

I'll take the Soylent option.

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..

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.

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.

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

You work til you die.

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.

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

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

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.......

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.

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

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

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.

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.

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

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

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

Yeah, it's a pain in the Swiss.