What Will happen when Generation Rent Retire?

Our children should have to emigrate while our government carry on with an open door policy when it comes to emigration into the country. If our own can't afford to purchase a home how can someone coming into the country do so. As well as housing our hospitals and schools etc cannot cope with the massive shift in population for such a small island. But no one can mention the real problem in fear of being labelled.

In my opinion the criteria for immigration is just ignore it and someone else will hopefully sort it. We have issues for a long time with housing, health and alot of other aspects of being able to run as a functioning country, so why are we still taking in certain immigrants who need free housing, free health care and in most cases social welfare payments. Should the door not be closed until we can sort out our own massive issues in our own country. And before anyone jumps in I am not counting the Ukraine refugees who should be fully supported by our country.

It’s rare to come across such an objectively, demonstrably incorrect understanding of a situation. A few things:

“You’d think people were forced to rent. They aren't” - Housing, as you would know, is a pretty essential component of basic survival, so unless people can live with their parents and find a job within a reasonable distance of that house (presuming their parents allow them to live in their home indefinitely), they are “forced” to rent in the sense that they need to live in a city or area in which they don’t own a property. This means they need to rent.

“It’s still just as possible as it ever was to do well for yourself” - So this, while also wrong, requires a bit more explanation. In our increasingly neoliberal society, people “do well for [themselves]” specifically at the expense of others. Our society is a zero sum game, in order for one person to be doing well, another has to not be doing not as well. This is where your point about being in a position to get a mortgage in your 20s comes into play. For that we’ll need to look at average house prices and median income in Ireland. I acknowledge the average will be slightly skewed by extreme values at either end, but it serves perfectly as an illustrative point. 

In Dublin, the average house price is now 509,000. For a one applicant mortgage (I use this as the calculation because its a ridiculous suggestion that a person needs to be in a relationship and going halves on a house in order to be able to afford one) this person, as per central bank rules, would need an income of approx €145k. If you are earning that in Ireland you are earning more than approx 96% of the population. That goes back to your “doing well” point from earlier. If you’re doing that well, the vast majority of the country isn’t doing as well as you. You can’t “make the right life choices” your way out of that if youre that other 96%. 

To further illustrate this, lets look at national average, it sits at about 290k. For a one applicant mortgage for this you would need an income of 82k. That still places you in about the top 10% of the Irish population. Once again, someone in that bracket is “doing well” ahead of the other 90%, and at their expense. So, unless a person gets substantial help from their parents, buys a house with another person (and thus only owns 50% of it) or earns in the top 5% of the country, they cannot easily get a mortgage , and that is absolutely something you can blame on the current system. 

90% of the population don’t have “worthless degrees” which are preventing them for getting an enormous mortgage, they simply don’t have the means or leg up to break out of a system intentionally designed to keep them where they are.

People certainly aren’t “owed” a mortgage, but to say that it’s a case of being smart and saving a bit in your 20s is literally, as you can see, mathematically impossible nonsense. I’d imagine you greatly overestimate how much of where you are in life was luck and privilege vs “hard work”.

Hardly strained. As the old saying goes: “If you’re making a joint application you’re not buying a house you’re buying part of a house.”

You’re talking rubbish and from your mealy-mouthed reply I can tell you agree.

Sorry kid but the metric for years absolutely was how much of a mortgage a single earner could afford on the average industrial wage. I’m guessing you were born on this side of the 21st century.

I know you’re gonna come in with some nonsense saying “you didn’t say a single earner you said a single person” but in practical terms they are the same.

No interest in politics? More like you won't condenm the **** job the current eejits are doing.

With something with such constrained supply as housing it absolutely is. 

Person A wants a house, person B wants the same house , if person A gets the house , they obtain it at person B's expense, person B sees no direct or indirect benefit from Person A getting the house. Housing doesn't have to be a zero sum game, but it currently is, particularly in high demand areas like the Capital.

If you look at Irish projections, one million extra migrants are needed by 2050 to maintain the pensions of today.

Sound reasonable?

There is a growing, sensible, pushback against the mantra of "migration solves all woes". Even now, does it feel like it's working? Does it feel like it's getting better under this plan, or worse?

Read this and watch the little video. It's a taste of the utter insanity our leadership has bet the future upon.

Either something is done immediately or else it's going to keep getting worse from here. Sticking your head in the sand won't make it go away, and your Hamptons are not a defensible position either. Get educated.

Migration and sustainability are oil and water.