The Collapse in Home Ownership was Fine Gael Policy

In Ireland not owning a home is worse than having bad health, and is causing a massive increase in mental health issues and a crash in our native birthrate

Id say it adds as it enables a transcient population with high skill immigrants such as the tech industry as oppose a happy life for working class natives

In 2006 people could buy houses on average incomes. A family member bought one at 23 on 9 times income on the basis on projected future earnings. They never had to rent and the mortgage was always cheaper than rents

It was middle class homeowners blaming those with lower incomes who bought for the crash thinking renting would keep the banks safe, and then within a decade their children had to rent and they panicked

As someone single and working two jobs to try and get on the ladder with little hope I can I would give a kidney or limb to be back in those times

Does anyone actually think another crash like 08 would be worse than the current situation keeping on?

They still own those homes and are paying less than renters, much much better than what young people face today

Like Ivan Yeats or Quinn? They still have their homes. Very few homes where repossessed. It seems not paying a mortgage is safer than being in a rental you never miss a payment on in terms of evictions.

No Im saying the younger generation of working class people can no longer own home like our parents could

If it got me a home, yes

But renting is not really housing, its temporary and gives you no control over your life. A truly horrifying and soul destroying way to live. Worse thing that can happen to a person

I think if I can pay 1600 a month to rent a bedsit I should be allowed get a 100% mortgage for 800 a month to buy my own home

From AIB mortgage calculator

This is the amount we can lend you, based on the info you've given us:

Mortgage loan

210,000

LTV 89.99%

Monthly repayment

€825.26

With a 100% mortgage of that I could buy this apartment in Tallaght and plenty of cheaper places in Clondalkin, Balbriggan and Finglas, the snag is under current lending rules you need a income of 60,000 and a 10% for the above so a single person on the average income is out

https://www.daft.ie/for-sale/apartment-23-hazelgrove-court-killinarden-heights-tallaght-dublin-24/3996718

We could fix it tomorrow by doing what was done from 1930 to 1980. Dublin city council hires its builders and architects. Designs one core housing type for 3 bed houses and one core flat type (for singles), we compulsory buy smaller properties and farmland and build non stop giving the housing to anyone in the rental market or stuck living at home to be paid at a set rate of their income

It works fine in Vienna, I would remove laws around tenders etc from the provision of social housing so its for the greater good not profits

We could easily set up social rents that they come from source, ie directly from social welfare, pensions or wages.

As for evicting homeowners, two farmers got evicited to build Crumlin, a number of cottage got evicted to build Coolock, yet tens of thousands got housed.

If the housing situation stays as it is now, we will see a massive swing towards populism in this country. You cant expect people to support a system they have no skin in, and within the next decade or two renters will be the majority. In the Dublin City Council area renters are already the majority.