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

How naive.

Actually they can if their policies lead to job losses, wage reductions, reduced foreign investment, slow down in private developers building houses, more LLs leaving the rental sector, spending policies which drain the public purse and lead to higher taxation etc etc.

😂😂😂

The last recession was great for renters that kept there jobs, huge uplift in standard of living. 5 years to accumulate a deposit and be ready for when the banks started lending again, it wasn't so bad for people that lost their jobs even, speaking from a household that lost 2 incomes

It was the young folk that came after us that paid the highest price. In Ireland and especially housing those least culpable pay the price.

Ah Jesus, are we now saying the 2008 recession wasn't bad?

Would worse case scenario not be you lose your job and not be able to either buy or rent? In being able to buy a cheaper place, you are assuming you/your wage would be unaffected by a 2008-type recession.

Why do you think you would be insulated? If you are 28, chances are you are too young to remember what 2008 was like.

I admire your friend’s decision to look beyond where he/she is today, I’m less impressed with you whining that the system is rigged cause you can’t afford to buy in Dublin. There is a life beyond the county boundary.

There it is.

I'm not claiming the housing crisis isn't a real issue.

However it is people on incomes lower than 60k who must move out to Balbriggan. Your colleague could get a one-bed apartment in Smithfield, Santry, Chapelizod, Inchicore, Citywest, Park West, Beaumont, Tallaght, Ongar, Dublin 8 and Dublin 15.

What she can't get is a house built for a family of four all to herself. Or an apartment in Dublin 2, 4, 6.

The young folk of the young folk will be paying for 08, plus the pensions deficit.

I get from your post that your starting to see the benefits of sustainable economy rather than the boom bust we are hooked onto

Cannot buy in Dublin or cannot buy in D4,6,8? There are plenty of houses for middle income people in Dublin. Check out Lucan or Swords. Granted you will probably need to be in a couple to get anything more than an apartment.

🤣🤣🤣🤣

I am sixtyish years of age. I am from that cohort that never went to Trinity's or to any other university. I married when I was 29. For two years before that both me and my wife saved very hard to put a deposit in place.

I knew very few single people who bought house in there twenties or even in there thirties. We were in the midwest not in Dublin. Two single lads bought houses. One won a shared lotto where he worked. He won 60 k. The other lad had a small inheritance that allowed him bridge the gap. They got people to move in with them.

You have to remember we were a generation that some started working from 15 years of age maybe younger. Lads left school at that age. Your generation are 8-10 years longer in education and expect to leave college and buy a houses.

I spend 3-4 years in digs and the rest of the time renting until we build our home. Most of that time renting I shared a room in a house with one bathroom.

While my rent was cheaper than the present generation car costs were astronomical back the. The insurance for my first car was 800 pounds( over 1000 euro) for the year. The car did not cost much more it was 12-15 weeks wages as I was an apprentice. I even paid tax out of my apprentice's wages.

When I qualified my wages were 140/ week due to the tax system I took home about 105 out if it. Even out if that wage and my insurance dropping to 450 euro I was paying more than 4 weeks wages for car insurance.

I did not live in Dublin so there was no public transport system. I didn't go to college because my mother could never have afforded it. She was widowed twice and had to rear eight children.

Maybe I was lucky I did not go to Trinity.

Maybe you just didn’t learn how to benefit from your third level education, that bit can’t be taught, but it is invaluable.

Besides, aren’t trades at least partly taught in colleges now? Seem to remember reading that electricians had to attend classes as part of their training/certification, but I could be wrong.

Did I say anything about hardship. I mearly pointed out differences between generations and perceptions. There is an expectation now that you can have after 4-6 years working that took a different generation 10-12 years and more to achieve. And they did not achieve that as a single person.

You think that now about a trade. You will not think that in 20 years time. As a 40-50 year old you will getting up at 6-6.30 am in the morning leaving home 15-20 minutes later and driving 30-90 minutes to work. You will not be working every Saturday. Ya the lad in the trade is out earning you now. But a recession could drop his wages in half. There is very few trades people I know that did not spend 5-10 years abroad at some stage in there life. If not that they maybe spend that amount of time working away from home.

With in ten years you will have a totally different outlook to now