Help for home leavers?

1123heavy

Hi all,

I'm 24 years old and recently started my career following graduation. I'm trying to stand up on my own 2 feet and live alone. I moved out the family home during the summer and currently house share with some friends where I pay 400eu a month. This is alright for now but ideally I want to rent some sort of an apartment and live alone.

I'm sure everyone is aware of how expensive apartment rent is so I was wondering if there was some sort of a scheme or similar that helped young people/graduates to get set up? My salary is 44,000EU a year and I'm Dublin based

punisher5112

1123heavy wrote: »

Hi all,

I'm 24 years old and recently started my career following graduation. I'm trying to stand up on my own 2 feet and live alone. I moved out the family home during the summer and currently house share with some friends where I pay 400eu a month. This is alright for now but ideally I want to rent some sort of an apartment and live alone.

I'm sure everyone is aware of how expensive apartment rent is so I was wondering if there was some sort of a scheme or similar that helped young people/graduates to get set up? My salary is 44,000EU a year and I'm Dublin based

Yeah it's stop working get pregnant and be housed....

Come on seriously you can't be that naive....

If you want to live alone rent a bedsit, if you want cheaper then you need to move further afield and we'll outside Dublin....

Honestly you would be best saving at home and purchasing when you save enough....

Addle

Your education resulting in your good job was the scheme.

That’s a great salary for a recent graduate. Well done. And welcome to the real world.

John Hutton

There isn't, and if there was people on your wage shouldn't get it.

SureYWouldntYa

There's the help to buy scheme which is available to any first time buyer

You're on what 2.8k a month net, paying 400 rent, you could be easily saving 1k and live comfortably and you'll have a few salary rises too I'd imagine over the coming years

If you're living with friends enjoy that while it lasts, you're only 24 plenty of time for buying your own place but if you're in any of the big urban areas which I imagine you are given your graduate wage I'm afraid you're looking at 5 or so years before you're in a position to buy without a legup from the bank of mam and dad

votecounts

Only in Ireland, 44k a year and wants help from the govt.
Naive or a troll, I don't know which.

noodler

It's terrible at 44k you can't really rent on your own here in Dublin.

Realistically it would cost 1300/1400 a month for a one bed apt in a reasonable area here.

Mess.

1123heavy

votecounts wrote: »

Only in Ireland, 44k a year and wants help from the govt.
Naive or a troll, I don't know which.

With all respect the government take a sizeable portion of my salary and considering I'm young and a recent grad as mentioned, it is not beyond reason to investigate as to what options are available.

@SureYWouldntYa I appreciate that response. Yes a few lads living together sounds great but that's about it, I think it's time I went solo completely and established myself alone. I will look into the help to buy scheme but by the name of it I suppose I'll have to commit myself to a property, I'm single with no idea what the future may hold so it's probably a bit much for me now, though no harm informing myself about it.

Nika Bolokov

I don't like these millennial / snow flake comments but Jesus a 24 year old earning nearly 50k a year asking where the government scheme is to facilitate him getting a bigger place kinda says a lot about a generation of Molly coddled individuals with limited grasp of reality.

1123heavy

noodler wrote: »

It's terrible at 44k you can't really rent on your own here in Dublin.

Realistically it would cost 1300/1400 a month for a one bed apt in a reasonable area here.

Mess.

You see I could rent an apartment for 1,600eu fairly close to work and then have about 1,5 k to live off per month, covering everything from bills to leisure activities, then that's my salary gone with 0 savings. I think I'd be fairly stupid to not be saving anything and I'd like to save as much of it as I can so when the time does come that I've a partner and want to settle down, I've a lot of the onerous financial demands already seen to.

So yes in a way it's not 'really' doable, unless you simply live to pay your rent and live from one month to the next - which renders the whole point of all the study rather pointless

1123heavy

Nika Bolokov wrote: »

I don't like these millennial / snow flake comments but Jesus a 24 year old earning nearly 50k a year asking where the government scheme is to facilitate him getting a bigger place kinda says a lot about a generation of Molly coddled individuals with limited grasp of reality.

Sorry buddy, perhaps this online method of communication is rather poor when it comes to tone, but I'm anything but a 'snowflake' as you so eloquently put it. I wouldn't have been given this job and I wouldn't have seen past the nightmare that was the last 5 years to get to where I am right now if I was in anyway 'entitled', so rest assured I am not. I did my work and was looking at what options are available to me now for the next step, that is all.

SteM

Want to stand on my own 2 feet..... any chance of a hand out?

punisher5112

This is definitely a troll.... Mods delete...

davindub

1123heavy wrote: »

Sorry buddy, perhaps this online method of communication is rather poor when it comes to tone, but I'm anything but a 'snowflake' as you so eloquently put it. I wouldn't have been given this job and I wouldn't have seen past the nightmare that was the last 5 years to get to where I am right now if I was in anyway 'entitled', so rest assured I am not. I did my work and was looking at what options are available to me now for the next step, that is all.

I would recommend keep house sharing, save and invest in your career at this stage. Still go out and enjoy yourself but keep saving regularly.

I wouldn't take the unkind posters here seriously either, we all started somewhere and you have a good starting salary but still not enough to buy a property and just over the threshold for a council property (no chance of one anyway). You are right to be considering your options but there is no help for your salary level and that is a reality for many these days, don't earn enough to buy/ get help and taxed quite heavily.

um7y1h83ge06nx

The only thing was rent relief but that's gone now.

Aside from that just save for a deposit if you want to buy at some stage.

Wanderer78

There's seriously some fcuking arseholes on the Internets, yes there is naivety in the ops requests, but weren't we all when younger. Well done op, you're well on the way in your career, but unfortunately our accommodation and housing situation is a complete mess, and won't be sorted anytime soon, if ever. Get cracking with saving though, and educate yourself about the accommodation and housing market as best as you can, as it's truly just filled with sharks. Best of luck with things

average_runner

1123heavy wrote: »

Hi all,

I'm 24 years old and recently started my career following graduation. I'm trying to stand up on my own 2 feet and live alone. I moved out the family home during the summer and currently house share with some friends where I pay 400eu a month. This is alright for now but ideally I want to rent some sort of an apartment and live alone.

I'm sure everyone is aware of how expensive apartment rent is so I was wondering if there was some sort of a scheme or similar that helped young people/graduates to get set up? My salary is 44,000EU a year and I'm Dublin based

I spent 8 years living with lads, it was a great experience and better than living on your own. Your friends circle will grow. Bought a house after that.

44 000 is a great starting salary , no matter what you earn the government will take more as your salary rises. You will never get any help from them for anything.. I would recommend to leave Ireland to explore the world.

Other countries offer you better support especially if you go down the family route in years to come.

MilaM

There was a tax relief for all tenants years ago, is it so out of line to enquire if there is something like this?

OP, you are on great money for someone just starting their career so well done. You have the option to continue house sharing and save, or rent apartment and not save much. Decide what you want more, enjoy living on your own or save more - both great options to have. Or buy, but you are spot on - buying is big commitment. Your income will hopefully continue to grow, so while you may not be able to save much immediately - if you really want to live on your own you should do that. Unfortunately 44k while on paper good salary it will not buy you apartment in good area with reliable transport and some sort of town/village nearby so renting could be a better short term decision.

Not being able to save much is unfortunate reality for many and house/rent prices in Dublin are one of the big reasons for that Renting on your own, even if it doesn't leave you much saving right now will be big achievement imo, and your career & higher earnings are hopefully ahead of you. Good Luck.

Still waters

There should be no reason why you can't put away 12 -15 grand a year savings over the next 10 years

Still waters

Still waters wrote: »

There should be no reason why you can't put away 12 -15 grand a year savings over the next 10 years

But I want it now, why should I have to share with others after 5 nightmare years of being a student.

drdidlittle

Dav010 wrote: »

But I want it now, why should I have to share with others after 5 nightmare years of being a student.

Spent 7 years sharing after college back in the late 90s early 00. Save..... Save.... Save... Build up rainy day fund. Put aside. Trust me. Then start in mortgage. Banks love history of saving etc...

Wesser

if you want to ' settle down ' with your partner why dont the 2 of you take a place together and share the rent? you would still have money left over to save then.


edit. sorry. i see your single.

right so ... find yourself a partner!


also the ' scheme ' your looking for is called HAP although im nlt sure you'll qualify for it.

AulWan

1123heavy wrote: »

You see I could rent an apartment for 1,600eu fairly close to work and then have about 1,5 k to live off per month, covering everything from bills to leisure activities, then that's my salary gone with 0 savings. I think I'd be fairly stupid to not be saving anything and I'd like to save as much of it as I can so when the time does come that I've a partner and want to settle down, I've a lot of the onerous financial demands already seen to.

So yes in a way it's not 'really' doable, unless you simply live to pay your rent and live from one month to the next - which renders the whole point of all the study rather pointless

€1.5k a month for bills and leisure activities? For one person? :eek:

Do you realise there are families with 2/3 kids who manage to live on less then that a month?

Seriously, cut down on the spends. You should easily be able to live on €150 / €200 a week max after rent, so could still save.

I do commend you for at least trying to live independantly, but you are in a far better position then most.

zerosugarbuzz

During the 1980s /90s there was a council based scheme to help people like the op buy their first home. I think the council bought half and loaned the applicant the rest of the money to buy the other half. When the applicant was in the position they then bought the remaining half. I bought my first house around then but just got a normal mortgage, I was 22. Things were much much easier back then, what I did was considered normal.

lisasimpson

Stay in your house share for now and save save save. I spend the bones of over 10 years in house shares. Started out with 6 sharing and ended up in a 2 bed apartment with someone i use to share with. She was always off travelling so was great at budgeting and not running up bills. You will make some great friends and not so great friends. Its great for personal developement. You still have your independence from home. Set up a monthly savings account on your wage and current rent you wont be long on saving a deposit.

dubrov

Wanderer78 wrote:

There's seriously some fcuking arseholes on the Internets, yes there is naivety in the ops requests, but weren't we all when younger.

In fairness, he's 24.

I hope he's a troll though

zell12

Sure, lobby TDs for an SSIA scheme, get 25% more money from Govt
https://en.wikipedia.org/wiki/Special_Savings_Incentive_Account

Padre_Pio

Dav010 wrote: »

But I want it now, why should I have to share with others after 5 nightmare years of being a student.

Because the Irish government and the previous generation have rightly f*cked up housing, especially in Dublin.

So far there are no serious plans to fix it either, so you must suffer for their mistakes.

Addle

Dav010 wrote: »

But I want it now, why should I have to share with others after 5 nightmare years of being a student.

If only we could all just have everything we want.

Graces7

You need to develop/acquire patience and perseverance. These are skills and qualities that will serve you well.

Settle with what you have now and save for what you hope to have in a few years... When it is realistic and through your own efforts and work . Rely on only your own efforts. Your "options" are clear.

1123heavy wrote: »

Sorry buddy, perhaps this online method of communication is rather poor when it comes to tone, but I'm anything but a 'snowflake' as you so eloquently put it. I wouldn't have been given this job and I wouldn't have seen past the nightmare that was the last 5 years to get to where I am right now if I was in anyway 'entitled', so rest assured I am not. I did my work and was looking at what options are available to me now for the next step, that is all.

Padre_Pio

Padre_Pio wrote: »

Because the Irish government and the previous generation have rightly f*cked up housing, especially in Dublin.

So far there are no serious plans to fox it either, so you must suffer for their mistakes.

So Mike and The Mechanics were right after all.

punisher5112

I want a house gimmee gimmee gimme

Padre_Pio

punisher5112 wrote: »

I want a house gimmee gimmee gimme

Good analysis of the mentality of Irish people for the last hundred years.

Padre_Pio

Padre_Pio wrote: »

Good analysis of the mentality of Irish people for the last hundred years.

Actually the first part of the sentence is, I want a home, the gimme, gimme, gimme is a relatively new phenomenon, associated with your generation.

Caranica

The answer to the OP's question is no. Simple as. The government is already paying too much to landlords, that needs to be cut down and nobody should need a handout as a single young person with no dependents and that salary level (and that rent!)

Padre_Pio

Dav010 wrote: »

Actually the first part of the sentence is, I want a home, the gimme, gimme, gimme is a relatively new phenomenon, associated with your generation.

I won't presume to know your generation, but the one frantically buying houses from 2000-2007 had a far more entitled attitude than my generation.

Caranica wrote: »

The answer to the OP's question is no. Simple as. The government is already paying too much to landlords, that needs to be cut down and nobody should need a handout as a single young person with no dependents and that salary level (and that rent!)

You will find that landlords have sold up in droves as the government is taking too much from them, while tenants are virtually immune to eviction.

Caranica

Padre_Pio wrote: »

You will find that landlords have sold up in droves as the government is taking too much from them, while tenants are virtually immune to eviction.

Oh I know that, from personal experience. But HAP is hugely responsible for the high rent levels. We don't need another subvention.

Padre_Pio

Padre_Pio wrote: »

I won't presume to know your generation, but the one frantically buying houses from 2000-2007 had a far more entitled attitude than my generation.

You will find that landlords have sold up in droves as the government is taking too much from them, while tenants are virtually immune to eviction.

I don’t think you can describe that as a sense of entitlement, more over or misguided confidence and a willingness to embrace debt, but not entitlement.

Certainly you are on the money about selling up, I’m selling as tenants move out. I don’t feel a responsibility to provide rental accommodation for your generation.

Saudades

1123heavy wrote: »

Hi all,

I'm 24 years old and recently started my career following graduation.
My salary is 44,000EU a year and I'm Dublin based

44k is impressive for a 24 year old; well done. Which sector are you in?

Caranica wrote: »

HAP is hugely responsible for the high rent levels.

How exactly? Rents were extortionate long before HAP was introduced.

In fact HAP and the RPZ were both introduced the same month; from December 2016. So if anything, rents should have stagnated since the time HAP was introduced.

1123heavy

I work in aviation.

I don't get why people can get so offended at such a reasonable request. It turns out there were schemes to help tax wise but they're no longer, so the concept isn't exactly alien. Lots of governments have schemes or incentives to medium income earners to reward them for the tax they pay, seems i missed the bus in ireland by quite some time.

I don't think anyone of previous generations had such high rent to live alone. The salary looks great on paper but after tax i'm lucky if i get much over 3k take home, i'd take 3,5k or a bit higher when work is high but it's the exception.

So 3k - 1,5k for rent leaves 1,5k for other bills and activities. Say I spend 1k per month, that leaves only 500 monthly for savings. It really is not a lot for a rainy day fund, it's not the life of a millionaire as some seem to think so i dont get where that comes from.

It looks like the conclusion as alluded to by a few is to keep sharing on what i pay now and save, thanks to the genuine contributers and i appreciate the responses

AnRothar

From your initial post

I moved out the family home during the summer and currently house share with some friends where I pay 400eu a month

It is your choice to move to a more expensive accommodation.

So 3k - 1,5k for rent leaves 1,5k for other bills and activities.

You do not need help to get started but rather some solid advice on prudent living within your means.

oceanman

1123heavy wrote: »

I work in aviation.

I don't get why people can get so offended at such a reasonable request. It turns out there were schemes to help tax wise but they're no longer, so the concept isn't exactly alien. Lots of governments have schemes or incentives to medium income earners to reward them for the tax they pay, seems i missed the bus in ireland by quite some time.

I don't think anyone of previous generations had such high rent to live alone. The salary looks great on paper but after tax i'm lucky if i get much over 3k take home, i'd take 3,5k or a bit higher when work is high but it's the exception.

So 3k - 1,5k for rent leaves 1,5k for other bills and activities. Say I spend 1k per month, that leaves only 500 monthly for savings. It really is not a lot for a rainy day fund, it's not the life of a millionaire as some seem to think so i dont get where that comes from.

It looks like the conclusion as alluded to by a few is to keep sharing on what i pay now and save, thanks to the genuine contributers and i appreciate the responses

you do realise there are people raising families on half what you earn …..you should be well able to save a deposit on that sort of money.

dubrov

oceanman wrote:

you do realise there are people raising families on half what you earn …..you should be well able to save a deposit on that sort of money.

Yes but he can't rent a place to himself, go out two nights a weekend, have a nice car, health insurance, Netflix, Spotify, holiday four times a year and save 500 a month on that salary.

BringBackMick

If you think the tax man is bad now, i recommend leaving Ireland ASAP.

I am on a seemingly great wage for a 30 year old but the tax-man really hits hard.

For a public servant a gross salary of 70,000 equates to 3,561 a month net.

1123heavy

BringBackMick wrote: »

If you think the tax man is bad now, i recommend leaving Ireland ASAP.

I am on a seemingly great wage for a 30 year old but the tax-man really hits hard.

For a public servant a gross salary of 70,000 equates to 3,561 a month net.

Fair enough yes tax is bad. Though I've had pay checks higher than that during busy months and my salary is not 70,000 yearly. Though in my sector we get a lot of allowances which are tax free so that could be partly why

Edgware

oceanman wrote: »

you do realise there are people raising families on half what you earn …..you should be well able to save a deposit on that sort of money.

Are we supposed to feel sorry for them? Have they been told about contraception?

1123heavy

Edgware wrote: »

Are we supposed to feel sorry for them? Have they been told about contraception?

There is a lot of "oh look at you, meanwhile in the real world ..." type of chat in the thread as if we're somehow not allowed to advance our own lives or even must feel guilty just because somebody else either never chose to go to college/picked the wrong course/didn't do well or whatever. Just general resentment which seems to be toxic

dubrov

People have no problem with what you described above.

What you were originally asking is if there was some sort of social support available so that you could increase your monthly savings.
If you can't see a problem with that now, you never will

Creamy Goodness

Edgware wrote: »

Are we supposed to feel sorry for them? Have they been told about contraception?

It’s called empathy. You don’t have to feel sorry for them but a shred of decent thought wouldn’t go astray.

1123heavy wrote: »

There is a lot of "oh look at you, meanwhile in the real world ..." type of chat in the thread as if we're somehow not allowed to advance our own lives or even must feel guilty just because somebody else either never chose to go to college/picked the wrong course/didn't do well or whatever. Just general resentment which seems to be toxic

Some people don’t have the luxury of going to college either, it’s expensive, especially if you have to rent if you have to go to college out of town.

The negative replies you got here aren’t to do with you not feeling sorry for people less off than you, you got your answer even though it wasn’t what you wanted to hear and your naivety in how helping hands in the form of grants work. Doubling down in your responses is just digging down deeper. Dig up.

GeetarPick

Christ the amont of a-holes in this world...

OP fair play to for trying to stand on your own two feet just start saving like mad now and in a few years you'll have a deposit together. Remember that the know it alls are usually people a lot older than you who were able to afford houses back in the day and think they can preach hard work.

Bicyclette

1123heavy wrote: »

You see I could rent an apartment for 1,600eu fairly close to work and then have about 1,5 k to live off per month, covering everything from bills to leisure activities, then that's my salary gone with 0 savings. I think I'd be fairly stupid to not be saving anything and I'd like to save as much of it as I can so when the time does come that I've a partner and want to settle down, I've a lot of the onerous financial demands already seen to.

So yes in a way it's not 'really' doable, unless you simply live to pay your rent and live from one month to the next - which renders the whole point of all the study rather pointless

So who are you expecting to fund this for you?

The Civil Servants living in Dublin with their parents or in shared accommodation who are earning roughly €25,000 per annum? Or perhaps people like my daughter who is working part time in a minimum wage job to fund her full-time masters? Or perhaps the pensioners with a limited income.

Because you clearly want a handout from the government. And government income comes from taxation. And all of the above people are paying taxes.

You are currently earning €44,000. Your income will rise as you gain experience. You are likely to be on €60,000 or so in your thirties. Are you then happy to put any additional monies earned back into to the Government Kitty to fund schemes that would help people like you are now?