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

Interesting theory, spam the thread to hide anything that bot central doesn't want out there, whoever bot central might be....

Wonder do people get paid to do this full time, looking at the number of posts from certain profiles you'd hope they are getting paid for their sake.

I think that people in this country have an unhealthy obsession around the link between happiness and home ownership. Whether you own your home or not we are all renting from the grim reaper, nothing in life is guaranteed for anyone and your happiness doesn't depend on whether you have the deeds to the property you live in or not. Having to move from time to time can happen to anyone, of course it's an issue if you have nowhere to go and the rental market is a mess but there are only 11000 homeless in a population of 5 million, so the probability of that impacting anyone, especially in a good job, so negatively is still a very low probability not worth being miserable worrying about if you aren't in that situation.

No one person is just entitled to a 3 bed house in Dublin, not even in social housing. Sure why not expect a 4 or 5 bed? It isn't about what anyone deserves, it's about what you can afford because you are competing with couples, families, single people with higher salaries or wealthy family helping them etc. Most of them are working hard and the majority are doing third level education, that doesn't entitle you to a house these days (versus e.g. an apartment). There are a certain number of houses available and there is huge competition for those. There are cities all over the world where things are the same or worse, young people leave them to work or got to college and don't come back. I left Dublin myself, partly because of the cost of houses and then moved back when I could afford it.

Most house built or bought in rural Ireland are bought for the long haul. Its really only in Irsh cities where u see this up grading/moving up the snakes and ladders.

Yet to see anyone implying the property market is ‘grand’.

People are understandably wondering why one person is looking for a 3 bedroom house. It wouldn’t be realistic or gain much sympathy if a couple with a few kids (the group 3 bedroom houses are aimed towards) had the capacity, but refused, to buy one and were ‘angry and fed up’ they couldn’t buy a mansion in south Dublin.

Single-family homes are built for raising a family in though.

A guy by himself not being able to buy a 3-bedroom home in South Dublin just reads like satire to me. South Dublin is the wealthiest part of the country you do realise?

This chap can afford a two-bedroom apartment in Dublin so even his dream of earning a second income through rental income is not unattainable.

Government intervention, It still sickens my bolloxs knowing the CB in tandems with the Irish government upped the borrowing limit to 4x for this year.

Prices are dropping a little right now? I don't recall seeing houses this cheap recently but current check on Daft.ie reveals:

3-bed house in Newcastle listed at 315k

3-bed house in Old Bawn listed at 320k

3-bed house in Walkinstown listed at 325k

3-bed houses in Lucan listed at 325k here and here

Plenty more like that. Perhaps take advantage of this price dip. May continue to dip but that's a gamble.

I feel your frustration, but could you purchase a 2 bed apartment in South Dub, avail of the 14k tax free rent a room scheme by renting the 2nd bedroom for up to 1100 tax free a month.

You would then be on the ladder and probably saving more than you currently are and can leverage your position in a few years time to make the leap to a 3 bed house.

A couple benefits from two sets of tax credits, lower tax bands etc., so a single salary around 80k is worse than a couple on 40k each which must be around what graduates or people working a few years get these days. Assuming they can buy a 3 bed in south county dublin doesn't seem realistic, I don't think it says the property market is malfunctioning.

You think the poster has a right to expect to buy a 3 bed house in South Dublin on one salary?

Why? He/she will be competing with two-salary buyers. Unless the poster has a very high salary, he/she is immediately at a significant disadvantage.

I see where you're coming from now.

Technically it is 'normal', if undesirable. Most women work, even if they're a parent, and dual-incomes outbid single-incomes.

You do realise there is a MASSIVE push for women to enter the workforce and that this is bound up with political/moralised/self-actualisation social arrangements before you even get into whether it is a good thing financially?

irelands solution to everything, move somewhere else.

Historically this has worked for us. Imagine the population size had we not had very high emigration records for decades pre 2010. I think this release valve will be getting used a lot more in the next few years and hopefully it will alleviate the housing issues.

There is a need for an individual to be able to buy a 3 bedroom house. For example someone that is separated or divorced and has kids that need to sleep over part of the time.

They have it much tougher that a single individual because they won’t get the same mortgage as a single individual because of maintenance payments.

What gets me is that he wants a 3 bed house to be able to rent out a room. It’s like saying I want to invest in x to make money but x is to expensive despite that fact that he is able to invest in Y and save money that would enable him to buy x in the future.

Ah yeh...let's offload our "high maintenance" natives to foreign climes while importing a load of low-cost immigrants. Everybody wins right?