Are we really back to this sh*t again?

Yourself isit

SueDub wrote: »

Amazon & Co want Ireland...

No they want central Dublin. Where they are. If the didn't they would be somewhere else.

SueDub

darkpagandeath wrote:

Odd I know plenty of British here, Ireland's Government is the only one I hear banging on about paddy this and that. Especially FG.

Me too, I'm just heading back to the serotype "Have your colour TV?" days. Should have stated that 😉

SueDub

Glenster wrote:

Do you want them to build it on Inis Mor? The Moon? Narnia?

Glenster wrote:

Jesus, is tallaght not the outskirts?

Sorry, I meant the commuting county's towns... 😕

Samuel T. Cogley

Glenster wrote: »

True but at least in donnybrook they'll probably have jobs and shame, all bets are off in blanchardstown.

What the?! :eek:

Firstly public order offenses are apparently higher in Donnybrook than Finglas and secondly whats wrong with Blanchardstown?

Also

Drug Seizure and arrests in Donnybrook, Dublin on the 26/6/14
As part of on-going intelligence-led operation targeting the sale, supply and distribution of controlled substances Gardai from the Garda National Drugs Unit (GNDU), assisted by local Drug and Detective unit in Dundrum searched a house on Stillorgan Road, Donnybrook, Dublin 4.

During the search Gardai discovered 32 kilos of cocaine with an estimated street value of €2.24 million (subject to analysis) on Thursday night 26th June 2014.

Two males (27 and 37 years) were arrested at scene and are currently detained at Blackrock Garda Station under the provisions of Section 2 of the Criminal Justice (Drug Trafficking) Act, 1996 as amended.

These operations use advanced analytical and intelligence methods to disrupt criminals and dismantle their networks. Drug seizures play a critical role in targeting the livelihood of criminals and reducing their ability to carry out illegal activities. Drug seizures also help protect communities from the devastating impact of drugs and the associated criminality.

Glenster

Yourself isit wrote: »

Blanchardstown is pretty middle class ( well in the modern sense of not having a pot to piss in after paying the mortgage, but most people work)

Used to work near blanchardstown IT in Corduff. If thats middle class I'm a f*cking baronet.

Bambi985

jester77 wrote: »

Just do the maths, if you only saved 500 a month, then after 15 years you have 90k, and that is before you take whatever way you have invested it. Anyone on a semi-decent salary can easily put away at least 500 a month

how many 22 year olds do you know saving 500 quid a month these days? most 20-somethings i know are busy travelling the world, moving to sydney or toronto and living their 20-something lives - while forking out high rents - while on meagre salaries - to get serious about saving until they're a lot older and start thinking about settling down

Glenster

SueDub wrote: »

Sorry, I meant the commuting county's towns... 😕

Fair enough, I just cant see world class talent being attracted to Bray, Drogheda or Maynooth.

Id go to Cork/Galway/Kilkenny before there.

SueDub

Glenster wrote:

Id go to Cork/Galway/Kilkenny before there.

That's even better.. Building up a second capital makes so much sense.

SueDub

**sorry apologies, I'm new to the app, didn't realise you had to swipe to reach the last post, sorry if I replied to old posts.**

previous user

drunkmonkey wrote: »

Starter home was the biggest cod of all, should be a 1 time purchase unless your a speculator.

But then they can climb up the greasy social pole until they're in the top social circle in Dalkey, that's were all the fancy snacks are.

mansize

Into trying to create demand for a property supplement???

Grayson

Glenster wrote: »

Fair enough, I just cant see world class talent being attracted to Bray, Drogheda or Maynooth.

Id go to Cork/Galway/Kilkenny before there.

Maynooth is 40 minutes from the city centre with regular trains. If you move to one of the suburbs like Blanch you're talking about just as long on a bus into town. I lived in Blanch and moved to Maynooth because it's nicer, has more character and is an easier commute.

Glenster

Grayson wrote: »

Maynooth is 40 minutes from the city centre with regular trains. If you move to one of the suburbs like Blanch you're talking about just as long on a bus into town. I lived in Blanch and moved to Maynooth because it's nicer, has more character and is an easier commute.

Thats just it though isnt it, you moved to maynooth so you could get into dublin in 40 mins, i moved to deansgrange so i could get into town in 20 mins. If they moved my job to maynooth and yours to bray we'd be looking for new jobs or a substantial bribe to stay on.

Grayson

Glenster wrote: »

Thats just it though isnt it, you moved to maynooth so you could get into dublin in 40 mins, i moved to deansgrange so i could get into town in 20 mins. If they moved my job to maynooth and yours to bray we'd be looking for new jobs or a substantial bribe to stay on.

I applied for a job in citywest. The commute by public transport would have been 90+ minutes. That's the biggest problem with Ireland. Our public transport system is fecked. Unless you have a car your commute time can be stupidly long.

johnnyskeleton

eviltwin wrote: »

I'm surprised houses like that go to first time buyers. Is the starter home completely gone now?

At 450k, and assuming that they arent all lotto winners or have inherited substantial wealth, they would need a deposit of 70k, 4.5k stamp duty, 2k legal and other fees and say 5k furniture plus a mortgage of 380k so a household income of c. 100k to service a c. 2k a month mortgage.

Then they get the 2% cashback type offer from the bank and the 20k tax rebate so thats 27.2k back. I dont know if lenders will fudge the numbers to allow this to reduce the mortgage deposit i.e. they accept a lower deposit of 10% on condition that the rebate and cashback go into the lump sum.

If they allow it, someone with 55k saved and a household income of 100k could buy these houses. Are they really the kind of house that attracts that level of buyer? One would hope that youd get a bit more from a six figure salary and substantial savings, but on the other hand it doesnt seem like an impossibly high figure for a first time buyer couple with good incomes who have been saving well over the last few years.

Glenster

johnnyskeleton wrote: »

At 450k, and assuming that they arent all lotto winners or have inherited substantial wealth, they would need a deposit of 70k, 4.5k stamp duty, 2k legal and other fees and say 5k furniture plus a mortgage of 380k so a household income of c. 100k to service a c. 2k a month mortgage.

Then they get the 2% cashback type offer from the bank and the 20k tax rebate so thats 27.2k back. I dont know if lenders will fudge the numbers to allow this to reduce the mortgage deposit i.e. they accept a lower deposit of 10% on condition that the rebate and cashback go into the lump sum.

If they allow it, someone with 55k saved and a household income of 100k could buy these houses. Are they really the kind of house that attracts that level of buyer? One would hope that youd get a bit more from a six figure salary and substantial savings, but on the other hand it doesnt seem like an impossibly high figure for a first time buyer couple with good incomes who have been saving well over the last few years.

Wrong.

Assuming they pay tax they'd need a deposit of 25K.

Salaries of 38K each would put them over the top, they could drawdown a mortgage of 440K which should cover all their incidentals.

for reference, thats a level 7 garda and a level 8 teacher.

could easily both be thirty.

Joe Hill

Glenster wrote: »

Wrong.

Assuming they pay tax they'd need a deposit of 25K.

Salaries of 38K each would put them over the top, they could drawdown a mortgage of 440K which should cover all their incidentals.

for reference, thats a level 7 garda and a level 8 teacher.

could easily both be thirty.

And how will the mortgage be serviced when kids come along

Glenster

Grayson wrote: »

I applied for a job in citywest. The commute by public transport would have been 90+ minutes. That's the biggest problem with Ireland. Our public transport system is fecked. Unless you have a car your commute time can be stupidly long.

Try getting to blanch from bray. That was 4 months of my life. on two buses.

BlinkingLights

Problem is where else can they live?
There's no suitable rental really, mostly aimed at singletons - if you have kids - forget it!
Even if you are single, rental market is diabolical.

So: poor supply, high demand = queues for houses or emigration really as most people can't just find jobs anywhere - concentration of businesses in Dublin and Cork but also Limerick and Galway is always going to drive up demand.

Commuting from Leitrim isn't viable.

NIMAN

I wonder how those people felt to hear David McWilliams slag them off on the Ray D'Arcy Show on Saturday night?

"sleeping in a car for 2 nights to buy a property in a housing estate".

Glenster

Joe Hill wrote: »

And how will the mortgage be serviced when kids come along

4500 pm net salary.

1500-1700 mortgage.

I guess the poor lambs would have to live on 2800pm.

Dirty Dingus McGee

Glenster wrote: »

Not true. it took Coillte 20 years to move down to wicklow because of the unions agitating on behalf of the admin staff in Dublin. And that was within commuting distance.

Thats the unions for you though.

They'd start an argument over nothing.

If they had no choice and were told office are moving simple as that (like in any normal job), they'd have to move house or face a commute or change jobs.

The reason so many people live in Dublin or any city is because there is employment there.

elefant

The situation is the same in Amsterdam. People are frothing at the mouths to buy property, the mortgages wouldn't cost much more per month than their current rent, but apartments are sold before they're even advertised publicly. It's almost impossible to find somewhere without using a real estate agent. I know people who have been trying to pull the trigger for over a year now.

I'm too young to remember exactly what it was like at the height of the boom in Ireland, but the obsession with getting on the property ladder here sounds too much like the horror stories from Ireland in the last decade to sit well with me. I'll stay well away from it for now.

PhoenixParker

Dirty Dingus McGee wrote: »

Thats the unions for you though.

They'd start an argument over nothing.

If they had no choice and were told office are moving simple as that (like in any normal job), they'd have to move house or face a commute or change jobs.

The reason so many people live in Dublin or any city is because there is employment there.

Many of them would change jobs because they have kids in schools, family nearby, partners in jobs and the sale of a house/exit of a rental contract to contend with in order to move.

If they do move and want a new job or to escape an idiot boss then they have to face the expense and upheaval of moving the whole kit and kaboodle again.

They live in Dublin not so much because their own job is there but because there are other jobs there too.

sbsquarepants

drunkmonkey wrote: »

Starter home was the biggest cod of all, should be a 1 time purchase unless your a speculator.

Don't be fúcking ridiculous - people move for all sorts of reasons.
1 time purchase my arse.

youcancallmeal

Have been looking around at new estates the last few weeks and have been told there is indeed people queueing for houses but usually quite small numbers just looking for the best houses in a new estate. New phases still taking a few weeks to sell out fully. I don't see problem with queuing when you can afford a house, have your eye on a particular one that will be in high demand and want to spend the rest of your life living there. There's a lot of people just reading the headline and assuming we are back to the nonsense going on during the boom

Fr_Dougal

Capt'n Midnight wrote: »

LOL

Haven't you heard of gazumping ?

Also non-refundable deposits are a handy little earner too.

I had a booking deposit on a house end of last year, was gazumped twice. First €10k and then they tried another €20k. Ended up walking away from it. I can see that the same property is 'Sale Agreed' again, feel sorry for the people who think they're going to buy it.

Property is starting to go crazy again, identical house to the one I bought is going for an extra €40k now; all in the space of 3 months. Madness.

Fleawuss

gifted wrote: »

Let them off....not costing me anything...










Until we have to bail them out again.....

You're mistaken. We didn't bail out the mortgage holders, we bailed out the banks and the fcuking builders. And here we are again with banks and builders dictating the housing market.

Yourself isit

Glenster wrote: »

4500 pm net salary.

1500-1700 mortgage.

I guess the poor lambs would have to live on 2800pm.

You are underestimating the mortgage repayments I'm sure. Closer to 2k. Particularly since you are assuming the lower deposit. And larger capital.

(See how government interference had caused this madness again?).

Edit.

I tried the boi calculator. If you want 440k on a 500k house (they still insist on 10%) then repayments are 1,850 at 3.5% for 35 years. Until you retire.

3.5% isn't their variable rate though, its close to 4.2%. Probably 2,100.

Yourself isit

Fr_Dougal wrote: »

I had a booking deposit on a house end of last year, was gazumped twice. First €10k and then they tried another €20k. Ended up walking away from it. I can see that the same property is 'Sale Agreed' again, feel sorry for the people who think they're going to buy it.

Property is starting to go crazy again, identical house to the one I bought is going for an extra €40k now; all in the space of 3 months. Madness.

Absolutely all down to the government "help" for first time buyers