Won't ever own a house !!

MarinoMark · 30-05-2006 1:36pm #1

Just listened to news at one, house prices have shot up quicker this Quarter then any time in the last 6 years. by the years end average gaff in Dublin will be 400k. Fcuk that ,Rent forever, have been saving and saving, its like being up the mountains, seeing the top, getting there, and seeing another higher mountain just as you reach the peak !! Thinking of (A)...handing in my notice and emigrate with my 35k savings.....(B)..Buy a nice car, and start going out again...my sex life might improve...(C)..keep saving and hope prices will drop.....oh look.... a flying pig !....(A) is favorite at the moment.....:(

hmmm · 30-05-2006 1:37pm

Why are you so desperate to own a house?

podgewalsh · 30-05-2006 1:38pm

Would you consider commuting like may others do to get on the property ladder ?

MarinoMark · 30-05-2006 1:40pm

dont want to have to come up with monthly rent in my 70s..want a family...want a home for them...Its nice to have a home etc...Need any more reasons ??:eek:

base2 · 30-05-2006 1:43pm

But you don't have a family now so why the need to own?

Personally I'd go with the first choice. Irelands houses are overpriced and I pity of the sad people who commute from the back of Kildare in their ****ty little semis. What life do they have?

ambro25 · 30-05-2006 1:45pm

MarinoMark wrote:

Its nice to have a home etc

Where are you living now? Under a bridge? :rolleyes: It's not because the pad you're in now isn't yours that you can't make it 'homely'... The same goes for as and when you have a family, if you don't own a house by then. You'd think it was more important for some people to get on the property ladder than having a family and enjoying their lives

bringitdown · 30-05-2006 1:58pm

LEMMINGS! ... Just consider the quality of life you have now - would adding a house, mortgage, etc. etc. improve your current situation?

jobless · 30-05-2006 2:01pm

MarinoMark wrote:

Just listened to news at one, house prices have shot up quicker this Quarter then any time in the last 6 years. by the years end average gaff in Dublin will be 400k. Fcuk that ,Rent forever, have been saving and saving, its like being up the mountains, seeing the top, getting there, and seeing another higher mountain just as you reach the peak !! Thinking of (A)...handing in my notice and emigrate with my 35k savings.....(B)..Buy a nice car, and start going out again...my sex life might improve...(C)..keep saving and hope prices will drop.....oh look.... a flying pig !....(A) is favorite at the moment.....:(

Although i never thought of emigrating before i've been thinking about it more regularly. The price of houses in this country have become a bad joke and thoughts (as a first time buyer) of having to pay a mortgage for 35 (even 40) years is a very daunting prospect. You could still be paying your mortgage when your past retirement age!, if you live that long.....

Are there any other people thinking the same?......

bringitdown · 30-05-2006 2:07pm

jobless wrote:

Are there any other people thinking the same?......

Yup! I don't *want* to leave Ireland but I cannot believe a 3 bed semi in the arsehole of nowhere is worth my money and the lack of long term rental options is a farce. So I can see it happening at some stage.

FillSpectre · 30-05-2006 3:36pm

I still don't get this.

If you are trying to buy a 3 bed house on your own for "future" plans you are mad.

People aren't getting married and seatling down and haven't been for a while. I am 32 out of my school friends I am in touch with the general picture I get is 60% are seatled down with a partner. Thaat mean the other 40% are not and don't need a 3 bed house. I am not over the hill but if you haven't got somebody at this age it is less likely you will, not impossible just difficult. Kids become a distant hope quickly after that.

Our parents genration were gaurenteed to marry and have kids that is no longer the case. I would say a 20 year old now is less likely to get married and have kids than I was 12 years ago.

Society has moved on why are people trying to live their lives like their parents when they live in a different culture with different expectations in life.

Travel and meet people and maybe you will realise that elsewhere in the world people are not trying to buy a 3 bed house for themself in the hope they will meet somebody and have kids. The reality is you aren't likely to get there.

A friend of mine is now a desperate 30 something woman trying to meet a father for a child she wants while she spent the last 10 years trying to prove she is as good as any man and sacrificed her personal life to do it. She has a house though. The difficult thing to find is the person not the house

THe objective in life is to be happy and content not to own a house.

Idleater · 30-05-2006 3:41pm

To the opinion that houses are very expensive, there are 5 pages of properties on myhome.ie in "dublin city and county" that have a maximum price of €250k.

Granted im sure there are some "sites" but it shows that you can get property in dublin for less than the €400k average.

L.

Saruman · 30-05-2006 3:47pm

podgewalsh wrote:

Would you consider commuting like may others do to get on the property ladder ?

buy in westmeath! I get home quicker than a lot of Dubliners since i moved there

Oh and i work in Dublin!!

last year 3 bed DETACHED bungalow was 190k (1080 sq ft)

base2 · 30-05-2006 3:50pm

Do you not think there is something wrong in living so far away from the place you work?

Lex Luthor · 30-05-2006 4:01pm

nereid wrote:

To the opinion that houses are very expensive, there are 5 pages of properties on myhome.ie in "dublin city and county" that have a maximum price of €250k.

Granted im sure there are some "sites" but it shows that you can get property in dublin for less than the €400k average.

L.

I'd have to agree here....the avg price quoted is for a 3 bed semi....

are you in a relationship? do you need a 3 bed semi right now?

could you not afford a 3 bed semi right now and rent out the 2 rooms and use that income to help pay the mortgage? You have good savings so I would say you are not yet outpriced in buying something.

FillSpectre · 30-05-2006 4:02pm

base2 wrote:

Do you not think there is something wrong in living so far away from the place you work?

Sod work how about stuff to do, friends, family and hospitals. Buy a 3 bed house far out and have a sick kid and see what your hour drive feels like when you are trying to get to a hospital.

jobless · 30-05-2006 4:02pm

FillSpectre wrote:

I still don't get this.

If you are trying to buy a 3 bed house on your own for "future" plans you are mad.

People aren't getting married and seatling down and haven't been for a while. I am 32 out of my school friends I am in touch with the general picture I get is 60% are seatled down with a partner. Thaat mean the other 40% are not and don't need a 3 bed house. I am not over the hill but if you haven't got somebody at this age it is less likely you will, not impossible just difficult. Kids become a distant hope quickly after that.

Our parents genration were gaurenteed to marry and have kids that is no longer the case. I would say a 20 year old now is less likely to get married and have kids than I was 12 years ago.

Society has moved on why are people trying to live their lives like their parents when they live in a different culture with different expectations in life.

Travel and meet people and maybe you will realise that elsewhere in the world people are not trying to buy a 3 bed house for themself in the hope they will meet somebody and have kids. The reality is you aren't likely to get there.

A friend of mine is now a desperate 30 something woman trying to meet a father for a child she wants while she spent the last 10 years trying to prove she is as good as any man and sacrificed her personal life to do it. She has a house though. The difficult thing to find is the person not the house

THe objective in life is to be happy and content not to own a house.

Who said he was trying to buy a three bedroomed house?.......apartment prices are almost as bad and there doesnt seem to be any let up......

Why do you think you will be less likely to meet some when your in your thirties?.....after all by your reckoning there are 40% of people still out there unattached.....as for kids......women of all ages seem to be having them these days!

bill_ashmount · 30-05-2006 5:17pm

FillSpectre wrote:

I am not over the hill but if you haven't got somebody at this age it is less likely you will, not impossible just difficult.

What planet are you living on :rolleyes:

Lex Luthor · 30-05-2006 6:15pm

jobless wrote:

Who said he was trying to buy a three bedroomed house?.......apartment prices are almost as bad and there doesnt seem to be any let up......

Why do you think you will be less likely to meet some when your in your thirties?.....after all by your reckoning there are 40% of people still out there unattached.....as for kids......women of all ages seem to be having them these days!

I think it was based on a report out today that the avg house price in Dublin which is based on a 3 bed semi is almost 400k.

MrPudding · 30-05-2006 7:42pm

nereid wrote:

Granted im sure there are some "sites" but it shows that you can get property in dublin for less than the €400k average.

L.

I hate to point out the obvious but if the average is 400k then of course there will be some for less than 400k, or else that wouldn't be the average.

All he is saying is that he would like to buy a decent house in a decent area and not pay through the nose for it. I want the same. I want to own a house and be able to work on it and make it my own.

I do not want to rent a house for the rest of my life and not do the thing I want to it cos at the end of the day it ain't mine.

Some of you are happy to rent forever, fine. Some of us want to buy.

MrP

DublinWriter · 30-05-2006 8:24pm

MarinoMark wrote:

handing in my notice and emigrate with my 35k savings

As one of the posters said, buy in West/Meath.

I bought a 100 Sq. Metre 4 bed-semi D in a small town just outside Asbourne 2 years ago fof €235K. Had it valued recently at €350K.

It takes me 40 mins to hit Dublin City Centre if I go the M1 or an hour if I go via the N2.

Plus it has IMHO one of the best take-out pizzarias outside of Italy!

There's lots of bargains to be had in Meath/West Meath if you look carefully and lots of new apartments in Ashbourne.

I'd be a bit leary anywhere out Kildare way. The RedCow is already a car-park and Adamstown will just compound the problem.

Personally I think you'll be in la-la-denial-land if you think that they'll be a dramatic crash here anytime soon. I was thinking the same when I got back here from London in 2001 and I held off a bit too long.

whizzbang · 31-05-2006 4:18am

I think the current surge in house prices is the last crazyness before it all falls apart. Add to this increasing interest rates and fewer and fewer people ebing able to afford their first property I reckon we will see a turnaround in 12 to 18 months.

Don't believe anyone who says there will be a soft landing, no property market has ever had a soft landing after such an increase as ours.

FillSpectre · 31-05-2006 8:03am

jobless wrote:

Who said he was trying to buy a three bedroomed house?.......apartment prices are almost as bad and there doesnt seem to be any let up......

Well he quoted the figure of a average 3 bed semi. People were talking about 3 bed semis so I spoke about what was being spoken about.
Appartment can cost as much as houses but they are consideribly cheaper as a general rule and aren't "almost as bad".

jobless wrote:

Why do you think you will be less likely to meet some when your in your thirties?.....after all by your reckoning there are 40% of people still out there unattached.....as for kids......women of all ages seem to be having them these days!

Well when you are in your 30s and single maybe you can tell me how difficult it is. All my single friends keep telling me how hard it is. A big factor is when your friends seatle down they don't go out as much or socialise in the same way. A simple way to look at it is at what age do the majority of people get married and have children. If there are less in their 30s my point is proved but I am sure you would accept that less people in their 40s get married and have kids why so hard to see that it doesn't just happen at 40 it is a progressive thing.

You can have kids up at any age up to 63 as proved the reality is however that you are less likely to be able to ave children unassisted. IVF and the like are very very expensive.

You want to believe you have the same chances in life as you get older fine for you that is not the reality. The richer a country gets the less children are born this is a reality some of it is down to samller family sizes but also down to less couples. Certain lifestyles are now accepted so more single people. Single parents, gay people, serial monogomy etc... all have an effect on chances of meeting somebody. THe odds have changed and many people are trying to get through life on the odds that their parents had. In fact they are expecting the same property as their parents and childhood home regardless of their situation IMHO. The lack of imagination and desire is quite sad.

whizzbang · 31-05-2006 8:11am

FillSpectre wrote:

The richer a country gets the less children are born this is a reality some of it is down to samller family sizes but also down to less couples. Certain lifestyles are now accepted so more single people. Single parents, gay people, serial monogomy etc... all have an effect on chances of meeting somebody.

I'm afraid we are not following this trend in Ireland, there is currently a baby boom on. http://www.cso.ie/statistics/popnbyage2002.htm

cee_jay · 31-05-2006 8:18am

FillSpectre wrote:

Sod work how about stuff to do, friends, family and hospitals. Buy a 3 bed house far out and have a sick kid and see what your hour drive feels like when you are trying to get to a hospital.

There is stuff outside Dublin you know - its not as if as soon as you cross over the border there is no more shops, pubs, hospitals etc! :rolleyes:

As a previous poster said, the 400k is just an average price - you can get cheaper than this - but you do have to compromise - and its up to each individual how much they will compromise by, if that means buying something smaller than you wanted, living in an area they wouldn't have considered before, communting from Meath etc.

FillSpectre · 31-05-2006 9:55am

whizzbang wrote:

I'm afraid we are not following this trend in Ireland, there is currently a baby boom on. http://www.cso.ie/statistics/popnbyage2002.htm

The correct thing to check is birth ratio of child baring age adults to birth rate. You don't have to believe me but if you are going to challange the view with stats use the correct ones. Birth ratio is down AFAIK. The increse in imigration has apparently effected birth rates as certain cultures value children so much. In italy where the birth rate doesn't match the needed replenishment rate imigration is acknowledged as the key reason the figure isn't worse.
The culture has changed yet some people want to have the same housing that suited the last generation, that is iimpracticle unsustainable and futile as far I can see. Marriage are down and single parents are up over the last 50 years why do people want 3 bed houses? They don't need them.

cAr0l wrote:

There is stuff outside Dublin you know - its not as if as soon as you cross over the border there is no more shops, pubs, hospitals etc!

Yes but around Dublin most things are more centralised as the idea is people can travel to Dublin. Your friends and family however don't suddenly move when you move. Selection is greatly reduced the further from the main cities and very noticably further from Dublin. The selection and choice is simple better in cities especially capital ones. Long commutes to everything has a cost in time let alone when car usage gets more expensive.

whizzbang · 31-05-2006 10:09am

FillSpectre wrote:

The correct thing to check is birth ratio of child baring age adults to birth rate. You don't have to believe me but if you are going to challange the view with stats use the correct ones. Birth ratio is down AFAIK.

I'm not sure I get the difference, you are saying that even though we have more babies than 10 year olds, the birthrate it down? And that is all accounted for by immigrents bringing their kids in?

FillSpectre · 31-05-2006 10:41am

whizzbang wrote:

I'm not sure I get the difference, you are saying that even though we have more babies than 10 year olds, the birthrate it down? And that is all accounted for by immigrents bringing their kids in?

What I am saying is there are more adults about now hence there are more babies, the total is bigger yes. The number of babies per child baring adults however is down.
You don't even need figures as such just think about it.

60 years ago people were getting married more and having bigger families. Just look at your own family and thoses you know. My gran had 10 kids, my mum had 3, I have none, my brother has none and never will and my sister has 2. A huge drop in birth ratio. THere are exceptions but it is obvious families are smaller now or do you think people are having more kids now?

The richer a country gets the birth ratio drops, increased imigration has increased our population and also our birth rate and therfore effects the birth ratio but it is still lower than 60 years ago. Money brings birth control, eduction, lower child mortality rates etc... all intun reduce family size.

Idleater · 31-05-2006 11:19am

MrPudding wrote:

I hate to point out the obvious but if the average is 400k then of course there will be some for less than 400k, or else that wouldn't be the average.

You are absolutely correct - that is the way averages work.

I could also argue that because 73% of statistics are made up on the spot, the €400k figure is completely inaccurate because it generalises figures across dublin (including highly inflated markets such as Ballsbridge etc).

The Average price of €400k will not buy much in some places, but it will certainly buy a lot in others.

I therefore stand by my original comments. There are properties available at an attainable price. Just because people want to have everything a la:

MrPudding wrote:

...would like to buy a decent house in a decent area... /quote]

instead of buying what they actually currently need and or can afford.

What is more a pertinant question to the OP is why do people in society want to have everything in one go? Why not live in a city apartment when they are single/partnered with no children? What is wrong with buying in a council estate, in a not so popular area and putting their own stamp on the property? Why do they need a 06 car? Why do they need to eat out for lunch and dinner every night? Why the 42" plasma tv? It is this attidude of needing everything perfect in one go that is causing the grossly inflated prices in some areas.

It is a property ladder, which means that you can climb it rung by rung. To continue the analagy, the more people try to skip steps, the greater the risk of falling and hurting themselves.

L.

hmmm · 31-05-2006 7:58pm

nereid wrote:

What is wrong with buying in a council estate, in a not so popular area and putting their own stamp on the property? Why do they need a 06 car?

It is a property ladder, which means that you can climb it rung by rung. To continue the analagy, the more people try to skip steps, the greater the risk of falling and hurting themselves.
L.

As we are heading into the inevitable house price fall, people should be careful about where they buy. If you are in a position of negative equity, you will be all but prevented from selling your house and moving elsewhere. People who are being fed this bull about "property ladder" and are buying houses in places they hate will be in trouble.

In the UK, they were the first group to hand back the keys to the mortgage lenders and accept a life of crippling debt.

garred · 31-05-2006 8:27pm

hmmm wrote:

As we are heading into the inevitable house price fall

DublinWriter · 31-05-2006 8:27pm

hmmm wrote:

As we are heading into the inevitable house price fall

Says who exactly?

hmmm wrote:

In the UK, they were the first group to hand back the keys to the mortgage lenders and accept a life of crippling debt.

Do you know any of the circumstances around the 1990 Sterling crash? George Soros? Interest rates going up 4 times in one day?

Probably not, because if you did you'd realise that those who managed to weather that storm are now sitting on some seriously valuable property.

Crash or no crash, anything you buy now will be worth seriously more in 25/30 years time.

Bottom line: you never lose money on bricks and mortar in the long run.

Won't ever own a house !!

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