How can someone in their 30s afford a house - PLEASE READ MOD WARNING IN OP

Quantify the base value there Ted.

lainey_d_123

lainey_d_123 wrote: »

One bed flat, anywhere reasonably safe within a reasonable commute of central Dublin requiring a deposit I could save for within five years.

That should definitely be doable.
Do you mind me asking how much you get paid?

bubblypop

bubblypop wrote: »

That should definitely be doable.
Do you mind me asking how much you get paid?

26k ish iirc

realitykeeper

milhous wrote: »

A nice gold bar for 450k.. Wait.. I'll have to start saving

A gold coin only costs about a thousand euro. Smaller gold bars can be got for a few thousand euro. They can be stored in Switzerland and other places.

milhous

realitykeeper wrote: »

A gold coin only costs about a thousand euro. Smaller gold bars can be got for a few thousand euro.

I know. Would you literally buy physical gold?

baby and crumble

I like how no one on this thread is talking about why certain areas are tougher and more expensive than others.

Also, it’s easy to paint entire suburbs with the same brush. I wanted to buy a house somewhere near where my wife grew up, around the liberties. We were priced out. Then started looking at Kimmage etc. priced out. We bought a house in the “nice” part of Finglas, right next door to Glasnevin. I don’t want to be here mostly because we’ve zero ties to the area. But I know how lucky I am to own a house and to be in a position to pay a lot less than half in my mortgage what friends are paying in rent for a room in a house share. But my house is an old council house. Built like a tank. My best friend bought pretty much the same house in D6 (same council architect, built in the 50’s, etc) and it cost them three times what we paid. That makes no sense.

I know how lucky I am to be in this position and it IS luck. My wife was working in the property market when she saw the market start to move in 2013/14. She knew we needed to buy and buy fast. She had savings because she was able to live at home and get work in the recession, unlike me.

Also, a big massive issue is that we always build out instead of up in this country. If we had decent apartment blocks toward the city centre that were of good quality then I’d be in them like a shot. I don’t like living in a house. I hate having to deal with maintenance and gardening. But it was a solid house or a paper thin flat.

There’s more to the housing issue here than the issue that a lot of posters seem to be fixated on which is “get a better job or move somewhere cheap”. That’s what people are already doing for the most part but we can still critique the housing and social issues that mean someone on a decent enough wage can’t afford to live how they would like. Nobody is talking about extravagant house purchases and being annoyed you can’t afford a 4 bed detached house in the city centre on €25k. People aren’t stupid.

Eric Cartman

Ush1 wrote: »

Posters talk about snobbery and having compassion and in the next sentence say they wouldn't dream of living somewhere with working class people as you would instantly get stabbed.

excluding a very select few areas that enter into headlines constantly due to the perpetually unemployed, teenagers and criminals causing it to resemble a war zone does not equal a distain or fear of the working class.

pwurple

baby and crumble wrote: »

I know how lucky I am to be in this position and it IS luck. My wife was working in the property market when she saw the market start to move in 2013/14. She knew we needed to buy and buy fast.

Why wouldn't you give your wife credit for being clever, tuned in, and ready to jump when a chance arose, instead of calling it dumb luck? Plenty of people were there at the same time with the same opportunity. Let her take credit for that achievement, because it IS an achievement.


And yes, the thread is boiled down. Lowest common denominator.

There are loads of subtleties... I would love to talk about how the lack of equal paternity leave affects this. But the mob wouldn't be up for it.

baby and crumble

It was luck for ME that my wife is so smart.

lainey_d_123

pwurple wrote: »

Why wouldn't you give your wife credit for being clever, tuned in, and ready to jump when a chance arose, instead of calling it dumb luck? Plenty of people were there at the same time with the same opportunity. Let her take credit for that achievement, because it IS an achievement.


And yes, the thread is boiled down. Lowest common denominator.

There are loads of subtleties... I would love to talk about how the lack of equal paternity leave affects this. But the mob wouldn't be up for it.

You don't think working in the property market and hence having way more knowledge and connections than your average Joe is a huge stroke of luck? Good God.

lainey_d_123

Augeo wrote: »

" a city full of b@nker w@nkers and Polish shop assistants living 10 to a room"

....... the shop assistants earn almost as much as you BTW. You have awful views...... you consider yourself some kind of professional too, unreal.

You clearly totally misunderstood my comment, which says a lot more about you than it does about me, to be honest. I'm not denigrating those shop assistants, I'm saying that people shouldn't have to be living like that. There shouldn't be a two tier society, with those well paid bankers, lawyers, etc. affording fancy apartments and then the key workers and service industry employees those wealthy people depend on packed in like sardines in terrible conditions because they can't even afford a single room in a houseshare. That's exactly how it's going in London, and going that way in Dublin too.

But thanks for making it clear to everyone what YOU think of Polish shop assistants.

lainey_d_123

Augeo wrote: »

Could you state a purchase price please.

Why are you obsessed with the numbers? Do you know what house prices will be like 5 years from now? If after five years of saving as much as I possibly can (bearing in mind I'm aiming for salary increases in that time), I can't afford a deposit on a small flat, and I can't qualify for a mortgage, then it's too expensive.

Ush1

Eric Cartman wrote: »

excluding a very select few areas that enter into headlines constantly due to the perpetually unemployed, teenagers and criminals causing it to resemble a war zone does not equal a distain or fear of the working class.

The areas I seen listed were neither select nor what I would describe as warzones. Most people in those areas I'm sure work and just live as normal. Absolutely there will be some anti social behaviour but you need to push the guards and courts to do their jobs, what makes people think any form of "affordable" developments won't have anti social issues if that's what you're asking for?

martingriff

lainey_d_123 wrote: »

That's what all ableist people say.

Sorry that is Bullcrap.

realitykeeper

milhous wrote: »

I know. Would you literally buy physical gold?

I would not take possession of physical gold, it would have to be stored in a vault.

GreeBo

lainey_d_123 wrote: »

Dear God. 50k is well above the average income, and that's the bloody point! Someone on an ABOVE AVERAGE income cannot afford an AVERAGE home to live in. So you support a market which prices out not only poor people, but normal working people and allows foreign investors and buy to let landlords to drive the prices further and further up until you have a city full of b@nker w@nkers and Polish shop assistants living 10 to a room.

Nice person you sound.

Great, we have now switched to using AVERAGE instead of median to link two unrelated things.
I'll ask again.
Why do you think any average wage means you should be able to afford an average dublin house?
What is it in your head that links those things other then repeating the word average?
Should an average salary man you should be able to buy an average car?
How about an average yacht?
What's special about Dublin houses?

Its completely irrational to link these things nevermind the fact that 50k isn't some successful career, its a shop floor worker.
Do you think every shop floor worker is entitled to live in their own house in the capital city?
Why on earth would that be true?

pwurple

lainey_d_123 wrote: »

You don't think working in the property market and hence having way more knowledge and connections than your average Joe is a huge stroke of luck? Good God.

Well she didn't trip and fall over to get there, she applied for jobs, worked, paid attention rather than drifting along and made a career. At a time when it was bloody hard to do that if I recall. There were almost zero houses selling 2012. estate agents went bust, along with all those other trades.

Lainey, maybe you have a layer of depression on top of your physical disability. I work with two women with chronic health conditions and they don't have your negative outlook. One is a project manager and the other is a business analyst. CF and arthritis. Yes, fatigue is an issue, they both work reduced hours or flexi time, and have disabled badges in the cars to reduce walking, etc. But they make decent money. One of them has a solo mortgage, very difficult to get one with her reduced life expectancy but she perservered and found a way to get a shorter term loan. A small ground floor flat, but that suits her as less space to be adapted. The other is 25, but says she will be there by 28, (will be buying with her boyfriend though. ) They are both excellent at what they do.

And those building standards that are making homes more expensive are also making them more inclusive of disability. Our current home is entirely wheelchair accessible on the ground floor. Bedroom & bathroom downstairs, all door widths are wider, no split levels, no door saddles. Our staircase is wide enough for a chairlift if we ever need it. It's a far easier time to live with a disability now than 40 years ago.

Cyrus

lainey_d_123 wrote: »

Why are you obsessed with the numbers? Do you know what house prices will be like 5 years from now? If after five years of saving as much as I possibly can (bearing in mind I'm aiming for salary increases in that time), I can't afford a deposit on a small flat, and I can't qualify for a mortgage, then it's too expensive.

Why obsessed with numbers , are you serious , it’s all about numbers , instead of joining you in the woe is me parade people are trying to come up with a solution to YOUR problem

Cyrus

lainey_d_123 wrote: »

There shouldn't be a two tier society, with those well paid bankers, lawyers, etc. affording fancy apartments and then the key workers and service industry employees those wealthy people depend on packed in like sardines in terrible conditions.

But thanks for making it clear to everyone what YOU think of Polish shop assistants.

So what communism / socialism ?

There are many similar threads on boards and I don't understand why some people can't just admit that its more difficult than ever to buy a house, particularly in Dublin.

Its not even a discussion, its a fact backed up by the number of people now living in Meath, Kildare, Laois, Wicklow.

Its not because people have a Netflix or Spotify account. Its not because people go out and have a bit of fun once in awhile.

Somebody mentioned 50K not being a great salary. Well more than half the country earn less. I know software developers that are on 50K. Half the multi national companies dont actually directly hire too many people. They outsource major parts of their operation to companies that will do it for cheaper and pay lower salaries.

Its these low salaries and high house costs that is the issue.

milhous

Deleted User wrote: »

There are many similar threads on boards and I don't understand why some people can't just admit that its more difficult than ever to buy a house, particularly in Dublin.

Its not even a discussion, its a fact backed up by the number of people now living in Meath, Kildare, Laois, Wicklow.

Its not because people have a Netflix or Spotify account. Its not because people go out and have a bit of fun once in awhile.

Somebody mentioned 50K not being a great salary. Well more than half the country earn less. I know software developers that are on 50K. Half the multi national companies dont actually directly hire too many people. They outsource major parts of their operation to companies that will do it for cheaper and pay lower salaries.

Its these low salaries and high house costs that is the issue.

This is exactly it.. Half the country, not Dublin..

s7ryf3925pivug

Acquire enough money to pay the deposit plus at least 5k. Demonstrate capacity by saving enough monthly or paying rent - shows you'll be able to pay repayments. Pay your bills so your credit rating doesnt get affected. Look after your health so you don't get loading on mortgage protection.

Right now rents are verging on punitive so saving is difficult if you have to pay rent. Hopefully that will change though. If you can get work outside Dublin then you should look at houses outside Dublin. My house was a fraction of the cost of a similar place in Dublin. Rents are also a lot lower.

GoneHome

Deleted User wrote: »

Its these low salaries and high house costs that is the issue.

No it's not, it's LOCATION is the issue, you could be working in the local supermarket where I live (rural county Limerick) and earn enough to buy a decent three-bed house quite easily.

s7ryf3925pivug

GoneHome wrote: »

No it's not, it's LOCATION is the issue, you could be working in the local supermarket where I live (rural county Limerick) and earn enough to buy a decent three-bed house quite easily.

Yeah Co Limerick for me too. Half acre 20 min from my job. You wouldnt get a bedsit in dublin for the price it was.

Yurt2

Cyrus wrote: »

So what communism / socialism ?

FFS. This, ladies and gentlemen, is why we'll never get our act together with regards housing and will likely suffer bubbles and crashes in perpetuity.

Yeah, continental style solutions with a good mix of private, public, and cooperative housing with decent tenant protections and appropriate land value taxes is communism.

Raise the red flag comrades, all power to the Soviets.

I really wonder about this country sometimes.

Wanderer78

Yurt! wrote:

Yeah, continental style solutions with a good mix of private, public, and cooperative housing with decent tenant protections and appropriate land value taxes is communism.

Tis indeed disturbing when people start trotting out the ould communism/socialism crap alright

Old Rudge

There's a lot of luck to housing.

I was lucky, had no student loans and within 3 years of working at 26 was able to buy a 3 bed in a nice area of Cork. Had I done everything exactly the same; in term of savings, spending habits, college course etc but was 5 years younger instead of paying 179k in early 2002 I would have being paying 350k in 2007.


I'd like to spin it that it was because of my work ethic/the way I was brought up etc, and there is some truth to it, but primarily I was lucky. The seller's wife was heavily pregnant, house needed a little work and he accepted a low ball offer following a brief Sept 11 dip in prices.

If you go around the place expecting fairness you will mostly be disappointed.

Kidkinobe

I went to look at a house about a week ago, an hour from Dublin...I went back yesterday with the thought of putting an offer in if it looked as good second time around...Agent told me there was 10 offers ahead of me, 5 different buyers and all with 'cash offers' and all out bidding each other...its gone up 15k over the advertised price. Im going to put an offer on it too, also a cash buyer.
At both viewings, the majority of lookers were in their 30s. Some with mum and dad milling around pointing out the faults with the joint with their child already discussing paint colours with their partner...

Cyrus

Wanderer78 wrote: »

Tis indeed disturbing when people start trotting out the ould communism/socialism crap alright

it sure is :pac:

Cyrus

Yurt! wrote: »

FFS. This, ladies and gentlemen, is why we'll never get our act together with regards housing and will likely suffer bubbles and crashes in perpetuity.

Yeah, continental style solutions with a good mix of private, public, and cooperative housing with decent tenant protections and appropriate land value taxes is communism.

Raise the red flag comrades, all power to the Soviets.

I really wonder about this country sometimes.

where are you referring to, which continental solution?