Rent Prices are Crazy

sponsoredwalk

The rent in Dublin is just heartlessly crazy, is there any hope of ever getting a single place within walking distance to the city center for around 300? How do people afford such high prices and not live on tesco spaghetti or nothing?

NIMAN

In the real world rent should follow the rules of economics if people refuse to pay crazy rents, then the price should come down. Landlords will lower prices if their properties are lying vacant, so they obviously aren't.

Then again, we know that Ireland and its housing/rental market does not follow the real world rules.

whippet

NIMAN wrote: »

In the real world rent should follow the rules of economics if people refuse to pay crazy rents, then the price should come down. Landlords will lower prices if their properties are lying vacant, so they obviously aren't.

Then again, we know that Ireland and its housing/rental market does not follow the real world rules.

it is not as simple as that unfortunately. Economics and the laws of supply and demand will be the main factor in prices.

There is limited supply on the market and as such prices are being driven up. Landlords are not housing charities and like farmers will try to make hay when the sun shines.

However, should supply come onboard you will see an easing back on rental prices.

Other things to note with regards to the costs of providing rental accommodation .. with the introduction of the property tax, USC on rental income and the increase generally in taxation on rental incomes the cost base for the landlord has increased significantly and like all other industries this will have an effect on prices.

Meathlass

€300 to live on your own in a European capital within walking distance of city centre? Slightly unrealistic to be honest. Have prices ever been that low?

the groutch

maybe he means 300 per week, or 300 a month for a room (ie. house share)?

Meathlass

the groutch wrote: »

maybe he means 300 per week?

Doubt it, I'd say with €1200 a month he'd have a few options to rent. Also depends what your definition of walking distance is - for me it would be about 2 miles; my brother considers anything outside D1-4 too far.

Don't think he means a house share as he's looking for a 'single place'. Or maybe he meant 'any place at all'. Hard to judge what you mean OP, too much confusion with your initial post.

gaius c

sponsoredwalk wrote: »

The rent in Dublin is just heartlessly crazy, is there any hope of ever getting a single place within walking distance to the city center for around 300? How do people afford such high prices and not live on tesco spaghetti or nothing?

Per month? Per week?

Unfortunately rental supply is very tight at the moment and the post-student lift has been quite small this year.

Carpenter

I'm thinking about renting a room in Sandyford whats the going rate does anyone know

Michael D Not Higgins

There are 53 places in Dublin city centre at or below €300/month for sharing. For renting a flat, €300 is nowhere near realistic.

Michael D Not Higgins

Carpenter wrote: »

I'm thinking about renting a room in Sandyford whats the going rate does anyone know

Depends on the room really. Is it single or double? Ensuite? Will you be live in landlord or subletting?

sponsoredwalk

Two years ago there were tons of places, they kept springing up, but I felt 300 per month was too expensive for me back then. A year ago I was in a place for 350 but had to leave, however since then the prices have just become heartless, places that were 400 are now 450 or even 500, sometimes even 600. Having had to beat any hope out of myself over the past year and settle on the crazy 400 per month, at the expense of eating + living completely stressed out, even that isn't enough now... How do people on the dole cope?

Michael D Not Higgins

sponsoredwalk wrote: »

Two years ago there were tons of places, they kept springing up, but I felt 300 per month was too expensive for me back then. A year ago I was in a place for 350 but had to leave, however since then the prices have just become heartless, places that were 400 are now 450 or even 500, sometimes even 600. Having had to beat any hope out of myself over the past year and settle on the crazy 400 per month, at the expense of eating + living completely stressed out, even that isn't enough now... How do people on the dole cope?

What proportion of your income goes on rent? There's a rule of thumb that says you should spend no more than 30% of your net income on rent.

sponsoredwalk

It would be 80-85% including bills (not food), and life has made this the only feasible option.

Michael D Not Higgins

sponsoredwalk wrote: »

It would be 80-85% including bills (not food), and life has made this the only feasible option.

How much are your bills? If they're €100/month then you're paying €500 for rent + bills, which at 80% of your income is less than the dole.

TimeToShine

sponsoredwalk wrote: »

Two years ago there were tons of places, they kept springing up, but I felt 300 per month was too expensive for me back then. A year ago I was in a place for 350 but had to leave, however since then the prices have just become heartless, places that were 400 are now 450 or even 500, sometimes even 600. Having had to beat any hope out of myself over the past year and settle on the crazy 400 per month, at the expense of eating + living completely stressed out, even that isn't enough now... How do people on the dole cope?

People on the dole get rent allowance.

If you're spending 85% of your wage on bills and rent you're better off either looking for a new job or signing on. That is crazy money.

Amirani

TimeToShine wrote: »

People on the dole get rent allowance.

If you're spending 85% of your wage on bills and rent you're better off either looking for a new job or signing on. That is crazy money.

Or reduce the amount you're paying on rent and bills?

sponsoredwalk

You have to be living on your own for 9 months to get rent allowance, plus nearly every apartment on daft does not take rent allowance anyway. I'm in college trying to study math and physics, trying to find a place just to be left t.f. alone so I can work without bothering anybody, but this nonsense has lost me so much time and nearly ruined it many times. Such a nightmare.

Michael D Not Higgins

What's the student loan situation like these days? Can you not have a word with the bank and see what they can do for you?

Stheno

sponsoredwalk wrote: »

You have to be living on your own for 9 months to get rent allowance, plus nearly every apartment on daft does not take rent allowance anyway. I'm in college trying to study math and physics, trying to find a place just to be left t.f. alone so I can work without bothering anybody, but this nonsense has lost me so much time and nearly ruined it many times. Such a nightmare.

Eh no you don't have to be living on your own for six months to get rent allowance, you have to be renting privately for six months (which can include a house share) and be receiving benefits to qualify for rent allowance.

Are you on benefits or working?

Why do you need to live on your own? Can't you use libraries and your bedroom to study?

Honestly sounds like you've unrealistic expectations if your income is as low as you are saying (about €650 per month?)

sponsoredwalk

Yes I know it's lavish and completely unrealistic by the heartless standards of people who like to charge crazy money for tiny apartments, but I have hope nonetheless.

I'm already six grand in debt to pay for college, I have not lived alone for six months but am not able to live at home anymore. I cannot move into an apartment with people as I have to force them to live as though they were in a library, or else get out of the house all day and come back only to sleep, live on eggshells if I need to do an all-nighter of work etc... etc...

All I want is to be left alone, and am willing to pay crazy money to live in a tiny box, but now it seems I can't even do that, the price of a small box is now at least 440, which is absolutely crazy.

Is there any hope of this reversing?

Michael D Not Higgins

Honestly, no, there's no hope of it reversing. At least not in the short term. The market is undersupplied.

The truth is you can't afford to live alone.

Stheno

sponsoredwalk wrote: »

Yes I know it's lavish and completely unrealistic by the heartless standards of people who like to charge crazy money for tiny apartments, but I have hope nonetheless.

I'm already six grand in debt to pay for college, I have not lived alone for six months but am not able to live at home anymore. I cannot move into an apartment with people as I have to force them to live as though they were in a library, or else get out of the house all day and come back only to sleep, live on eggshells if I need to do an all-nighter of work etc... etc...

All I want is to be left alone, and am willing to pay crazy money to live in a tiny box, but now it seems I can't even do that, the price of a small box is now at least 440, which is absolutely crazy.

Is there any hope of this reversing?

Not a chance, especially considering the change to laws about bedsits that came in this year.

Do you think there might be a wider issue here in how you interact socially in general with people? You can't live at home, you can't live with people because they won't accommodate your frankly outlandish requirements, so you are paying through the nose, rather than address these?

The vast majority of people manage to share when they are in college without it coming to blows.

How are you supporting yourself?

drumswan

sponsoredwalk wrote: »

Is there any hope of this reversing?

Is there any chance of you being able to rent a flat in Dublin for 300 euro a month? No, there isnt and there never will be.

gaius c

Michael D Not Higgins wrote: »

Honestly, no, there's no hope of it reversing. At least not in the short term. The market is undersupplied.

The truth is you can't afford to live alone.

Somebody on the pin pointed out that people in social housing are not expected to have to house share so why do people who are paying their own way? This goes for young people starting out in their careers and paying tax that funds the social welfare system.

Not attacking you but the question needs to be asked.

zl1whqvjs75cdy

Is there much social housing in the city centre? Not being sarcastic, genuinely curious. I'll let ya sleep on my balcony for 300 a month OP?

TimeToShine

sponsoredwalk wrote: »

Yes I know it's lavish and completely unrealistic by the heartless standards of people who like to charge crazy money for tiny apartments, but I have hope nonetheless.

I'm already six grand in debt to pay for college, I have not lived alone for six months but am not able to live at home anymore. I cannot move into an apartment with people as I have to force them to live as though they were in a library, or else get out of the house all day and come back only to sleep, live on eggshells if I need to do an all-nighter of work etc... etc...

All I want is to be left alone, and am willing to pay crazy money to live in a tiny box, but now it seems I can't even do that, the price of a small box is now at least 440, which is absolutely crazy.

Is there any hope of this reversing?

440 is not crazy money in Dublin. You'd get a semi-decent room in a student house for that money - and that would not be a clean house let me tell you.

What kind of job are you working that only pays like 800 euro a month? I think you should sign on.

Stheno

TimeToShine wrote: »

440 is not crazy money in Dublin. You'd get a semi-decent room in a student house for that money - and that would not be a clean house let me tell you.

What kind of job are you working that only pays like 800 euro a month? I think you should sign on.

OP wants to live on their own.

TimeToShine

Stheno wrote: »

OP wants to live on their own.

I realize that, so either he needs to change his mind or reel his notion of "crazy money" in by a few hundred notches.

sponsoredwalk

donkeyoaty0099 wrote: »

Is there much social housing in the city centre? Not being sarcastic, genuinely curious. I'll let ya sleep on my balcony for 300 a month OP?

Is it of the Romeo and Juliet variety balcony



or a more concrete jungle variety balcony




The romance of a Romeo & Juliet style balcony would provide some shield against the cold I must say :cool:

sponsoredwalk

Stheno wrote: »

Not a chance, especially considering the change to laws about bedsits that came in this year.

Do you think there might be a wider issue here in how you interact socially in general with people? You can't live at home, you can't live with people because they won't accommodate your frankly outlandish requirements, so you are paying through the nose, rather than address these?

The vast majority of people manage to share when they are in college without it coming to blows.

How are you supporting yourself?

Can we not just assume the best about my situation rather than trying to peg me off as an outlandishly socially-awkward lunatic? I'd rather not divulge my life story on the internet as a way to show you there are no other options in my situation, so, for the sake of argument

TimeToShine wrote: »

440 is not crazy money in Dublin. You'd get a semi-decent room in a student house for that money - and that would not be a clean house let me tell you.

Maybe 440 isn't crazy money to you, but to me and certainly to anybody on the dole it is. Sure I could just eat cake though, right?

I noticed back in November there was a positive article about housing prices, and then it seems like everybody jumped on the bandwagon and drove their prices up. Two years ago 300-350 around Rathmines was all I was seeing on daft, and I felt it was too much, who knew it'd turn into this

TimeToShine

Sorry I didn't mean to sound condescending. 440 is a lot to me too, which is why I'm commuting (2 hours each way) to work for the foreseeable future. You need to understand that 440 is not enough to get you a spot on your own, not a chance. Either your perspective on finance or your expected living conditions needs to change.

Stheno

sponsoredwalk wrote: »

Can we not just assume the best about my situation rather than trying to peg me off as an outlandishly socially-awkward lunatic? I'd rather not divulge my life story on the internet as a way to show you there are no other options in my situation, so, for the sake of argument



Maybe 440 isn't crazy money to you, but to me and certainly to anybody on the dole it is. Sure I could just eat cake though, right?

I noticed back in November there was a positive article about housing prices, and then it seems like everybody jumped on the bandwagon and drove their prices up. Two years ago 300-350 around Rathmines was all I was seeing on daft, and I felt it was too much, who knew it'd turn into this

Well some of your requirements around other people are a bit outlandish.

And someone on the dole, would not be paying that much rent as it's over the rental supplement guidelines for single people in a house share.

The max supplement including the contribution by the person themselves for living along is 520 e per month.

That will not be achievable in Dublin

Are you talking about bedsits in Rathmines two years ago that were available for €300-€350?

Michael D Not Higgins

gaius c wrote: »

Somebody on the pin pointed out that people in social housing are not expected to have to house share so why do people who are paying their own way? This goes for young people starting out in their careers and paying tax that funds the social welfare system.

Not attacking you but the question needs to be asked.

The OP is a student with, I presume, a part time job. They are on less money than the dole and would be below the threshold for paying any tax on their income.

Do you expect all students should have individual apartments? When the OP graduates and gets a full time job it's likely they will have plenty of money to rent an apartment by themselves. Until then the fact is they can't afford it.

Pretty Polly

I'm hoping to move in August or September. It's been about 2 years since I moved last. 2 years ago a decent room in a house share accommodation, on the north side and within reasonable distance to Dublin city centre was €350-€400 per month. This seems to have increased by €100+. I really hadn't realised how much the rental market has changed.

Rother

Pretty Polly wrote: »

I'm hoping to move in August or September. It's been about 2 years since I moved last. 2 years ago a decent room in a house share accommodation, on the north side and within reasonable distance to Dublin city centre was €350-€400 per month. This seems to have increased by €100+. I really hadn't realised how much the rental market has changed.

And wait til you see what the standard is for that extra €100.
€150 is more like it for anything decent.

Mick Murdock

Is this €300 figure correct? I can't remember at any point ever seeing something that ridiculously low in Rathmines or anywhere else, no matter how small..

I'm surprised you can get anything for €440 to be honest.

Idbatterim

Sorry I didn't mean to sound condescending. 440 is a lot to me too, which is why I'm commuting (2 hours each way) to work for the foreseeable future. You need to understand that 440 is not enough to get you a spot on your own, not a chance. Either your perspective on finance or your expected living conditions needs to change.

what is the cost of commuting, 2 hours each way sounds like madness to me!

TimeToShine

Idbatterim wrote: »

what is the cost of commuting, 2 hours each way sounds like madness to me!

55 euro a week for a BE week return + 20 euro for the LEAP card for Dublin Bus. Getting sick of it though.

Idbatterim

that E3900 a year! surely that would be better spent on just living somewhere you could walk to work in dublin? Not even taking into the time factor which I would place a massive value on...

the way I see it is you are paying a fortune to live in a **** location, you cant ignore the travel. Why not just move to the location you need to be in?!

LightningBolt

You expect to be able to rent an apartment for 300 per month OP? Really? Sharing a house there's a chance you could do it slightly outside the city centre but not a chance you are going to find a landlord willing to rent you an apartment for 300. At your proposed rent of 400 I am struggling to think of anywhere that you can get a place at that price point. Can you link to an apartment listing that you think should be 400 right now?

TimeToShine

Idbatterim wrote: »

that E3900 a year! surely that would be better spent on just living somewhere you could walk to work in dublin? Not even taking into the time factor which I would place a massive value on...

the way I see it is you are paying a fortune to live in a **** location, you cant ignore the travel. Why not just move to the location you need to be in?!

I work in a large industrial estate so walking isn't an option - the place is absolutely huge! Even if I live in Dublin I'd have to get the bus every morning even if it is for 10 minutes. My plan right now is to save for another month or two and get a car - this would make it less than an hour each way. If I save for a few more months after that I should be able to move up at last! As for the crap location, I agree but where else would you get dinner/overheads paid for you?! I've offered my parents some rent but they told me to put it in savings for the car so it's working out alright so far.

I don't like the idea of having to live paycheck to paycheck every month so if I have a bit in reserve I'd be a lot more comfortable. But you're right the time factor is valuable to me too - I know people who have been commuting for years and I don't know how they do it. The quicker I'm out of this mess the better.

Greenmachine

Maybe you could look at digs OP. You would have your own room bed and board and food would be one less bill to worry about.
Rent is likely the thing you are least able to control. Micromanagement of your money around things like having a packed lunch in school or work instead of buying food somewhere. Research leap cards, student bus tickets etc online, see what is the least expensive for you. Perhaps a cheap bicycle could take care of your transport needs.

Idbatterim

that makes sense, a bike might sort out the long walk option if you lived here. The 3900 is madness, I run a 2.5L car for less than that all in every year to put it into perspective. I didnt realise you were living at home, I though you were living away from home and on top of that paying to commute, hence it didnt make any sense to me...

Cait87

Agreed, and its hard for dolers to get rent allowance or any type of help at all. Can barely afford the suburbs for a box room.

Cait87

I'm on the dole and rented a boxroom in the suburbs for 100 per week. Its a lot of money and you have to live too- you can't sit at home you'll go crazy and getting out and about is costly.

sponsoredwalk

LightningBolt wrote: »

You expect to be able to rent an apartment for 300 per month OP? Really? Sharing a house there's a chance you could do it slightly outside the city centre but not a chance you are going to find a landlord willing to rent you an apartment for 300. At your proposed rent of 400 I am struggling to think of anywhere that you can get a place at that price point. Can you link to an apartment listing that you think should be 400 right now?

This tiny little box full of extra swipes for money is the grossest example of what I'm talking about, this used to be 300 or 350 two years ago (can't remember which, may have been both). There is no hope of having a good life when you see this.

murphaph

sponsoredwalk wrote: »

This tiny little box full of extra swipes for money is the grossest example of what I'm talking about, this used to be 300 or 350 two years ago (can't remember which, may have been both). There is no hope of having a good life when you see this.

Actually it looks like a nice bedsit to self-contained unit conversion. It's just small but it's clean and modern looking. To compare:

A 3 bed semi D in D15 will cost you €1200 a month. Assuming you took the box room you'd get a similarly sized room and shared lounge/kitchen/bathroom for around the same money BUT you would be considerably further from the city centre.

sponsoredwalk

Cait87 wrote: »

I'm on the dole and rented a boxroom in the suburbs for 100 per week. Its a lot of money and you have to live too- you can't sit at home you'll go crazy and getting out and about is costly.

Do you just break even after food and bills?

Tarzana

whippet wrote: »

it is not as simple as that unfortunately. Economics and the laws of supply and demand will be the main factor in prices.

Indeed, but if *everyone* refused to pay the asking prices, rents would start to fall.

Tarzana

TimeToShine wrote: »

440 is not crazy money in Dublin. You'd get a semi-decent room in a student house for that money - and that would not be a clean house let me tell you.

Ah now, hyperbole. You could a nice room in a houseshare for 440. Maybe not in D4 or D6 but other nice areas.

Rother

Tarzana wrote: »

Indeed, but if *everyone* refused to pay the asking prices, rents would start to fall.

If we refused to pay the price for food the asking price would fall too.
How likely is either scenario?