Worried Shitless about this. What will happen when renters retire? Will we be back to workhouses

Housing99

My biggest fear in Ireland is that I will retire into homelessness and for that reason alone Im considering moving to Scotland where I would be able to buy an apartment in the suburbs of Edinburgh due to lower costs and higher loan to income lending

Please, as I have asked this so many times no no has answered, can someone tell me how people who dont own homes or have social housing will pay rents when they retire? A bedsit in Dublin is half my income as it stands so I just cant afford a pension. How will the state pension provide to cover these rents?

Charles Babbage

Pay into a pension which invests in property. Then if rents go up your pension goes up.

you wouldnt be the same crank who starts the same thread every few weeks and only acts the maggit on them now would you?

Housing99

https://www.boards.ie/discussion/comment/119656661#Comment_119656661

But renting a basic bedsit is half my income and thats on 40,000. So realistically someone would need to have the spending power of around the average income at least in retirement to survive renting. And it also means you cannot fund a pension as you simply cant afford it

Housing99

https://www.boards.ie/discussion/comment/119656665#Comment_119656665

No one has ever answered the question of what will actually happen? Like rent allowance today is less than half of the price of a bedsit (640 euro a month).

phonypony

https://www.boards.ie/discussion/2058264618/worried-shitless-about-this-what-will-happen-when-renters-retire-will-we-be-back-to-workhouses

Scotland now, is it? What happened to Spain?

Leg End Reject

You will finally get the answer to your sixty million dollar question. If you are in the work house you most definitely are not middle class.

Hope that helps.

youve been told a million times that your concerns as you express them around housing- such as this one- are quite silly

werent your last few threads about how you couldnt get out of bed because you were ashamed of what the neighbours thought of you cos you hadnt bought a five bed detached yet aged 19 or whatever?

this question is equally ridiculous.

whatawaster81

Retire and go straight to the nursing home.

Housing99

https://www.boards.ie/discussion/comment/119656689#Comment_119656689

nursing homes in Ireland and the fair deal scheme that funds them as based on the person going into them owning a home and using that to fund it

remind us again how many decades til you, definitely a real person & not a troll, have until retirement.

Housing99

https://www.boards.ie/discussion/comment/119656688#Comment_119656688

Then what will happen to the hundreds of thousands of renters when they retire in 30 years? Seriously? Mass public housing for the elderly? Or will it be elder homeless hostels

Housing99

https://www.boards.ie/discussion/comment/119656698#Comment_119656698

35 years if it stays at 65

Leg End Reject

https://www.boards.ie/discussion/comment/119656695#Comment_119656695

Bullshıt.

Padre_Pio

https://www.boards.ie/discussion/2058264618/worried-shitless-about-this-what-will-happen-when-renters-retire-will-we-be-back-to-workhouses

Is this the fourth, fifth thread on this now?

yes very normal genuine things to have as priority concerns.

"the housing market, currently in crisis, might require attention over the next 35 years"

is that something you might cling to as a statement? maybe write it down and check it before you start any more threads

Jim_Hodge

https://www.boards.ie/discussion/comment/119656695#Comment_119656695

You really haven't a clue have you? Absolute nonsense. That is far from what Fair Deal entails.

You raise these same threads over and over again. The response isn't going to change.

screamer

And….. here we go again. Life is full of risks and unknowns.

Packrat

Tent in the park I'd say...

In other news, I'm glad to hear you got a 10k raise since last week.

Housing99

How will people on the state pension afford rents that people on middle income cant? Thats what Im asking

Or what will be done.

If someone gives a genuine answer I'll not post this again

Leg End Reject

You might be exiled to a remote island inhabited by devious and treacherous locals, that will take your mind off being a bum.

https://www.boards.ie/discussion/comment/119656747#Comment_119656747

what if the sky falls in

phonypony

https://www.boards.ie/discussion/comment/119656747#Comment_119656747

They will do what anyone of any age does. They will live within their means.

They will rent a home of an appropriate size in an appropriate area and, being of mature mind, will not constantly whine about how they are looked down upon or how they are surrounded by superiors. They will get on with it.

https://www.boards.ie/discussion/comment/119656753#Comment_119656753

And get a cat to keep you warm on those dark and stormy nights,bliss!

hynesie08

How is a bedsit costing half your income if you live at home?

Housing99

https://www.boards.ie/discussion/comment/119656790#Comment_119656790

But this has never happened before, at least not since tenement times have we had a full generation of working class people renting as only the top 20% can afford to buy now. So what is going to come of it?

Will retired people have to leave their healthcare, GP etc behind to live in undesireable rural areas without even public transport? That would literally kill an old person

Obviously the only solution to avoid mass homelessness is either the state pays the rent that the renter has been in long term or else they provide elder housing units. But giving our right wing housing market and the lack of state action for working people I really cant see that happening. Hence why Im fearful of people in massive numbers relying on charities or homelessness like they did pre 1930s before social housing

silliussoddius

Right wing housing market? How much rent does the government currently pay by way of welfare etc.?

Housing99

https://www.boards.ie/discussion/comment/119656864#Comment_119656864

The fact they pay rent to landlords instead of providing forever social homes is right wing

Count Dracula

You answered your own question op.

Move to Scotland, swim over if you like.

hynesie08

https://www.boards.ie/discussion/comment/119656885#Comment_119656885

But he deserves to buy a house beside his family with no savings on an average wage.........

silliussoddius

https://www.boards.ie/discussion/comment/119656870#Comment_119656870

They pay the rent instead of the tenants, should they pay tenants to live in houses?

How many new threads before you go full Pol Pot?