I have €30,000 in savings but can't spend a cent because I need it for a house. Some fking dose.

JackieChang

I should be driving around in a Lamborghini or sipping Pina Colada in Barbados.

However I'm living on a dole budget buying food from the mouldy fridge in Tesco trying to save up cash for a house.

The mortgage I can get with a €30,000 deposit combined with my salary is fcuk all. I could buy a shed in Leitrim or something. So I need to keep saving and living like an 18th century pauper. I'm in my 30s, I should be able to use and enjoy my spare cash. My car is falling to pieces, literally. I drove to Dublin recently and bits were literally falling off it into the wind.

Just need to rant. Thanks for coming to my Ted talk.

Anybody else in the same situation?

You won't get much of a Lambo for 30k

Ginger83

https://www.boards.ie/discussion/2058240848/i-have-30-000-in-savings-but-cant-spend-a-cent-because-i-need-it-for-a-house-some-fking-dose

What area are you looking at?

StevenToast

Maybe buy that shed in leitrim

Allinall

Pina Colada is so Puerto Rican.

You should be drinking Mauby in Barbados.

SteM

Driving around in Lamborghini on €30k savings? Nope.

OP, if you need to upgrade the car then do it. If you can't afford a house anyway then what's the point in killing yourself saving? Either that or head abroad while you're young enough to enjoy it. This country is a depressing place to be at the moment if you're trying to save for a house.

whippet

in fairness for generations people have lived like paupers for a few years while saving up to buy their first home. The only real exception was the insanity of the mid 2000s when the banks were throwing money at everyone (and look where that left us).

It's crap .. it's a pain in the ass for the few years .. I don't envy anyone in the position but if you want to own your own house there is a couple of years sacrifice to get their.

I bought my first house in the midst of the celtic tiger madness ... we didn't have bank of mammy or daddy for the deposit and didn't want a 100% mortgage ... we saved like crazy, got rid of one car leaving us with a bit of a banger for a couple of years, no holidays etc. Didn't borrow more than we were comfortable paying off on our early career salaries - which was unusual at the time.

Thankfully we didn't get burned as much as most of our peers.

SEPT 23 1989

it will be all worth it though when you get a mortgage and you are chained to the money lenders for the next 35 years

elperello

OP

You have done well so far don't give up now.

Tesco don't sell mouldy food. Forget about BB dates they are only advisory.

Believe me 18th century paupers really did eat mouldy food and certainly didn't have jobs and drive cars.

About the car, you should try to keep it roadworthy or consider getting rid of it and try to go without one for a while.

The feeling you get the day you walk in your own front door and close it behind you will be your reward.

JackieChang

https://www.boards.ie/discussion/comment/118898617#Comment_118898617

Cork city or thereabouts

Mrs OBumble

Get rid of the wánk-tank.

Walk, or buy a bicycle if the wheel addiction is really strong.

You'll save a fortune.

Dempo1

https://www.boards.ie/discussion/comment/118898623#Comment_118898623

Sheds the in thing these days , Just ask Claire Byrne 😏 can't get her out of hers.

backwards_man

https://www.boards.ie/discussion/2058240848/i-have-30-000-in-savings-but-cant-spend-a-cent-because-i-need-it-for-a-house-some-fking-dose

Driving a lamborghini and sipping PCs in Barbados is the lifestyle of a multi millionaire. What do you work at? Most people in their 30s do not have such a lifestyle. Saving for a house is a massive pain for a few years, regardless of where in the world you live.

Astartes

Use some of that money to get somewhere in the world where you can make quick money such as Canada or Australia. Do research on what jobs you might be qualified for or get a qualification.

Come back home in triumph and buy a pub

pgj2015

At least you don't live in Ukraine. Be thankful for what you have and stop moaning.

Greyfox

You've got 30k, I hope you realise how lucky you are. Sounds like your currently wasting the best years of you life by deciding not to really live it, you should spend some of it

sam t smith

Is this one of those humble brag threads?

riclad

Tesco sell food half price if its near its sell by date or things like doughnuts bread that are sold cheap after 7pm, you could buy a one bed apartment.

, apart from the 2000,s when loads where easy to get everyone had to save up for a deposit , I think it's the same in most EU country s booming economy low interest rates equal high house prices . Theres no point in moving to oz or Canada unless you are qualified in a job that is in high demand

Princess Consuela Bananahammock

So.... how much do people think a house should cost...?

SuperBowserWorld

Maybe work remotely from Barbados.

https://www.visitbarbados.org/barbados-welcome-stamp

They've ditched the queen and are now a republic too. What's not to like .

landofthetree

https://www.boards.ie/discussion/comment/118903011#Comment_118903011

Build a **** load of small apartments. 27-35 square metres. Like they do in the Nordic countries.

Why is it acceptable to have 4 adults sharing a 80 square metre house but not one person living in a small apartment?

Built the small apartments and the price of second hand houses will fall.

Princess Consuela Bananahammock

https://www.boards.ie/discussion/comment/118903037#Comment_118903037

Was kind of expecting a number when I asked the question, rather than a philosopy. While I see you point, I don't it's going to help people now.

MakersMark

I have 2 orders of magnitude more money than the OP!

Yellow_Fern

Double that, and maybe you can buy that house. If you dont plan on buying soon, invest a percent of it.

rob316

I know your pain OP. I finally have good money and I've to spend it on poxy kids and a deposit for a house for the terrors.

SuperBowserWorld

https://www.boards.ie/discussion/comment/118903101#Comment_118903101

Yes, and they will never be able to afford to leave, ever.

Montage of Feck

https://www.boards.ie/discussion/comment/118898623#Comment_118898623

https://www.boards.ie/discussion/comment/118898601#Comment_118898601

Move to Leitrim and you can live the dream of owning both a shed and a Lambo!

elperello

https://www.boards.ie/discussion/comment/118903101#Comment_118903101

That's shocking.

Those Storks have a lot to answer for.

SpiderSpider

30K ?????good luck, the way things are going you'll need triple that . Even then you'll be F'd in the ass by an investor fund buying the appartment from under your nose.

People should be marching and demanding answers on how the gov intend to fix this problem for a whole generation

Burt Renaults

https://www.boards.ie/discussion/comment/118903011#Comment_118903011

I don't know, but it should be a lot cheaper (per month) to rent one than to buy one.

I'm in the same boat OP (a bit less savings) but honestly don't know of I'll pull the trigger when push comes to shove on the mortgage due to the market. I'm paying huge rent in Dublin and saving with a goal to have 50k at mid next year and will see when I get to that point what my options are.

I've lived an adventurous life so far with travel and wildness so will have no problem making the sacrifice although an upgrade to the car is required but don't want to get finance or dip into the house savings.

I may end up with the 50k exploring business opportunities instead to invest it into and grow rather than buy the house. At current year on year market growth it just seems idiotic to buy here. Inevitably there will be crash again and it's probably worth holding out for that.

For now - I'll tighten up and save with the determination of buying something but it the idea may be binned. The whole thing is a shitshow at the moment!!

Your choice OP. It's not mandatory to buy a house.

spend your money whatever way you want

BattleCorp

https://www.boards.ie/discussion/comment/118899233#Comment_118899233

Crap idea. Invest it in bank shares, can't go wrong. And in totally unrelated news, here's a logo I like. 😀

cj maxx

https://www.boards.ie/discussion/comment/118898601#Comment_118898601

Plus you won't be able to cruise around town in it as it won't get over the speed bumps . 😀

machiavellianme

https://www.boards.ie/discussion/comment/118911147#Comment_118911147

What are you talking about? The R955 posted in the pic a few posts back is a beast. Speed bumps matter not to that machine!

NSAman

30k? Jaysus why not put a deposit down on space flight?

everything comes to those that wait. When the time is right, when prices ( they will inevitably) drop, you are in the driving seat. Hard work and persistence pays in the long run.

SnuggyBear

I was in the same situation a few years ago. I was so close to blowing it all on a massive holiday but 6 months later I had a house. Hang in there.

cj maxx

https://www.boards.ie/discussion/comment/118911218#Comment_118911218

I missed that one 😀

Donald Trump

How would someone only have 30k in savings by their 30's?

I can understand if they have a mortgage or a family. But a single person????? A person stuck on minimum wage maybe. Other than that, there must have been a lot of pis$ing away done.

DellyBelly

https://www.boards.ie/discussion/comment/118903879#Comment_118903879

I agree with you here. You obviously enjoyed your 20s if you only have 30k saved by your mid 30s. It's not much at all. Keep saving as much as you can. A big deposit is required these days...

Donald Trump

https://www.boards.ie/discussion/comment/118903879#Comment_118903879

I don't think you can blame the government now. OP doesn't a year's net average salary saved by their 30's. There is only so much hand holding and spoon feeding that should be done. If they had say over 100k saved and couldn't buy a house then maybe you'd start asking questions of the government.

SuperBowserWorld

https://www.boards.ie/discussion/comment/118912151#Comment_118912151

Studied, started an unsuccessful business, has ongoing expensive health problems, gives money to charity, broken marriage, sick parents or siblings, travelled, bad investments, money stolen,

...

Perhaps ?

Donald Trump

https://www.boards.ie/discussion/comment/118912212#Comment_118912212

There are always excuses. There are genuine cases of course, but those are a minority.

If you spend your 20's ignoring advice and pis$ing your opportunities and money up against a wall because you think "it'll never happen to me", we'll you can't expect much sympathy when it does happen.

Margaret Clarke

https://www.boards.ie/discussion/comment/118903946#Comment_118903946

So should the landlord be making a loss after paying his mortgage?

machiavellianme

https://www.boards.ie/discussion/comment/118912404#Comment_118912404

That's some Celtic Tiger thinking right there. Should the Landlord be taking out mortgages to sucker someone else into paying? If the Landlord remains out of the equation it will gives others a chance to buy and not have to cover the Landlord's share too. Fair enough if they owned it outright and were letting it as additional income, but otherwise it is a pseudo ponzi scheme that didn't work out so well last time around in 2008.

dybbuk

I think a society where one has to pay to have a place to stay is perverse.

On the other hand we've known about global warming for over 100 years. Anybody aiming to drive a fukcing Lamborghini deserves a life of a pauper.

Montage of Feck

https://www.boards.ie/discussion/comment/118912716#Comment_118912716

Some would say communism is perverse but how about going half way and provide affordable housing for workers.

dybbuk

Not talking communism here.

The basic human rights are:

• Right to live
• Right to have space to live
• Right to fresh, not contaminated air
• Right to fresh, not contaminated water
• right to basic nourishment (bananas or equivalent)

There is no natural right to employment, money, housing, medical care or Lamborghinis.

And, unfortunately, there cannot be a right to reproduction. That is the only exception I would impose on Homo Spaiens in terms of restricting our "basic needs" and only because of overpopulation.

But, like all other animals humans should be able to live without having to work.

This system of yours is very effective for generating income and a kind of a "progress". But it always was perverse and now it is destroying the planet and has to be abolished asap.

Markus Antonius

https://www.boards.ie/discussion/2058240848/i-have-30-000-in-savings-but-cant-spend-a-cent-because-i-need-it-for-a-house-some-fking-dose

A smelly land squatter down the road from me just got a lovely A-rated, underfloor heated, solar panelled, centrally located house in the local commuter town for the low low cost of sweet fk all off his dole.

Montage of Feck

Fully Automated Luxury Communism is the Future

SuperBowserWorld

https://www.boards.ie/discussion/comment/118913526#Comment_118913526

Mad isn't it. How can that continue? As house prices go up, the people working who can't afford to buy are transferring ever growing huge sums of money to people who never work.