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What Will happen when Generation Rent Retire?

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    #392
    Yurt2
    Registered Users Posts: 9,381 ✭✭✭Yurt2


    https://www.boards.ie/discussion/comment/119139991#Comment_119139991

    The at risk of poverty rates tell a different story.



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    #393
    Bass Reeves
    Registered Users Posts: 18,152 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/119141946#Comment_119141946

    I would say it'sire the couples on 40-70k. This is where you have all the expenses but get little support

    Slava Ukrainii



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    #394
    riclad
    Registered Users Posts: 8,184 ✭✭✭riclad


    Germany has a stable rent sector with rent control, it can't be compared to Ireland, in regard to housing policy I don't think there's any political support from anyone for an increase in taxs. To go back to the question of generation rent I think young people will vote for left wing party's ,or people who have good qualifications or degrees may choose to go to other country's where its possible for people on 25k or more to buy a house than to stay here paying rent if the housing crisis does not get better.

    The problem is we don't know how long the current inflation cycle will last and will the supply chain crisis improve in a few years if you are pessimistic you might say the current rise in prices of basic items food will continue as it reflects the fact that agriculture in some country's is facing a crisis caused by drought lack of water and climate change

    One example California is putting in place new restrictions on water use due to a drought which has been getting worse for 2 years

    I don't know if even raising taxs would help as we simply do not have the no of building workers we need to for instance build 20 k houses per year



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