There's a reason why this generation is "worse off" than their parents

Yawn...

We're probably onto our second generation of people who are dealing with a completely broken housing market and people are still coming out with this sh*te

Do you guys not blame avocado's anymore?

10 times the wages or less vs 80-100 times the mortgage.

Agreed that the housing market here is completely broken for some time now. People who never made any of the financial mistakes listed in the opening post still have very little hope of owning their own home and it is not just a recent feature of the Irish economy. Houses here do not need to be as expensive as they are, but while paying lip service to the idea that something should be done, the politicians in power here have done nothing substantial to reduce the cost of housing and the politicians in the opposition parties have made themselves sound so naive about economics that no one in their right mind would want to vote for them to take control of the country's finances.

FF/FG/Greens stand for maintaining house prices to secure the financial security for their home owning voter base and have no interest in reducing taxation on housing or reduce regulations on housing to allow a better free market develop to bring prices down.

So as the poster states, compare that to today's wages and house prices.

It be like paying 170% of your wages on your mortgage on a house you got for 25% of the market price.

So a mortgage of €1156 a week on a house you got for like €110k?

Each comparison is terrible.

The housing market is broken, particularly the rental market, no doubt, but the house price to income figures aren't as stark as portrayed in that post. Factor in household income and interest rates, there's probably not much difference in 45 years.

As a person who won the buy a home lottery (bought house in early 90s) I should be loving it. But I'm not. There should be a revolution. Occupation of the Oireachtas and dept of finance. Just tear it all down. Make the state stop functioning. I've everything to lose, can't understand why the current generation accept this? It's madness.

I'll start by saying I agree the housing situation is disgraceful at the moment

However, and it's a big however, I absolutely get some points in the OP. It may not be popular to say, but there are some truths to be spelled out to the current generation looking to buy (my generation)

We're in a weird situation now where some of the most privileged people are looking to vote for a range of parties that couldn't be further from their view or the background they came from.

I'm from the generation that protested the water charges and college fees. And despised "the man". Not that long ago in the grand scheme of things.

One particular girl in my course stands out. Very wealthy parents, was a 40 min commute to college from her family home. Never worked a part time job, had an apartment paid for so she wouldn't have to commute and a generous weekly allowance.

This now early 30s woman a social media activist for people before profit, Sinn Fein, Paul Murphy et al. The type she is, would gladly sh1t on a retail worker no problem, yet is supportive of the same parties of those she has no respect or regard for.

Also, I think back in 2011,2012 and so on, people were renting 3 bed apartments in Dublin for about 900quid, within 20mins of Dublin city centre. They made a decision that "renting is the new way". When it never was really. 2014 came along, they held out, 2015, held off. 2016 and so on. The tide didn't turn for them, it just got higher.

Now, more than a decade on since the crash, it also appears, there's a huge lack of savings among those in their 30s. Even if you were working in Maccy D's in 2011, a box room was 250-300quid a month. You're telling me you couldn't put away 50quid a week for the past decade plus? 25k savings, multiplied by 2 for a couple, a 50k deposit.

I don't get it. And I'll be slated for it. I understand the frustration and it is an absolute farce of a situation, everyone at all levels should have access to affordable housing.

But I can't help but think, a huge amount of people, through various choices they made, can't access the market. Financial decisions or a lack of financial decisions taken in the past have led to here. I can't understand how some single people with median income like myself can buy a place, but couples on a combined income can't.

I can only assume it's due to past financial decisions. I know that's harsh, but people love to lay the blame elsewhere. And a large amount of the blame does lay elsewhere. But (harshly) I'm thinking there's an element of personal responsibility too.

Insulation is relatively easy to add at the construction stage and it will pay for itself in a few years. Fortunately, building regs now require proper insulation.

There is definitely some truth in the OPs points.

Look at all the consumerism and goodies we have access to nowadays compared to our parents.

My folks saved borrowed and worked constantly to get a deposit and mortgage.

They had no couch when they eventually got a house and basically ate beans and toast until they could afford proper cooking facilities.

The housing situation is messed up but it’s unfair to not acknowledge that our parents generation had to make huge sacrifices to own a home and they definitely didn’t have a lot of the goodies we take for granted nowadays.

Anyone blamed woke kids yet?

There are too many reasons to list as to why the conditions in 1995 have no relevance today.