Escaping renting

littlefeet

https://www.boards.ie/discussion/comment/122928827#Comment_122928827

Just wondering why someone wouldn't put up with some discomfort to get what they want or why they would curse the dark.

We live in the first or second most expensive area to buy in Ireland can't remember which but it's not to do with how hard we worked or anything we did it's luck buying at the bottom of market that's all.

o1s1n

A 3.5 hour daily commute as per your OP is not 'some discomfort' though. It's an absolutely massive discomfort that could impact their mental health, their physical health and their relationship with their family.

So I suppose, to answer your original question, that's why 'they wouldn't do it'.

Rooks

https://www.boards.ie/discussion/comment/122928929#Comment_122928929

While there is an element of luck to everything in life, if you're an ordinary person starting with nothing then you aren't going to get anywhere without hard work.

Rocket_GD

https://www.boards.ie/discussion/comment/122928929#Comment_122928929

I have recently just bought my first house with my partner in an area that we could afford (still within Dublin, just), my commute has doubled from a guaranteed 40 mins each way to now usually 1hr 20mins each way. I knew it was going to be that when I bought here however it is a lot more draining than I realised.

As people have said you're not getting home til near 19:00 and then have to cook, wash up do bits around the house as we've just moved in and next thing I realise it's 21:30 before I get to sit down and relax before off to be for 23:00 as the alarm is going off at 6:30.

Maybe it will get easier once I adjust to the new commute and we're fully moved in but I couldn't imagine adding another hour onto the commute as you suggested people should do in your OP.

littlefeet

I asked the person she said its 10 min drive then 1.10 hour bus then 10 min walk.

LambshankRedemption

https://www.boards.ie/discussion/comment/122922375#Comment_122922375

If you think commuting 4 hours a day by bus is not stressful maybe you should try it.

LambshankRedemption

https://www.boards.ie/discussion/comment/122929710#Comment_122929710

I dont drive, but if i did, I can't imagine ever choosing a 10 min drive and then a 1.10 hour bus journey, over just driving.

Maybe thats just me.

littlefeet

No one said it's not stressful nor did I say any one should have to do.

As the government or any government can't fix the situation any where in the western world and cursing the dark isn't going to the situation any good.

It's about taking the least worst option.

LambshankRedemption

https://www.boards.ie/discussion/comment/122929806#Comment_122929806

Bigroad, the person I quoted said there would be no driving stress.

Viscount Aggro

It was tougher back in my day…

We had very little money growing up.

I had to get a job working for nothing, just to get work experience.

Rocket_GD

https://www.boards.ie/discussion/comment/122929806#Comment_122929806

Yes and the least worst option for a lot of people, especially those it their 20's is to rent in Dublin with shorter commutes, access to a healthy social life and with more free time on their hands.

This is a far better option than buying a house (which they more than likely couldn't on a single salary anyway) and commuting 4/5 hours a day to live in the back arse of nowhere.

Idbatterim

Put your name down on the housing list as soon as you hit 18… Then hopefully you get amazing location , luxury accomodation for near nothing… While working poor people, paying for it, do 4 hour a day commutes… I am dead serious here, in this country, hard work doesnt pay, anywhere near as much as it should.

Best option by a mile if possible,is put up an apartment / studio on your parents land, better if there is side access. Yes I know you arent meant to live in them, non of my mates have had any issues, they have saved hundreds of thousand in rents, they then also have this apartment, if they move out… one year rent at 2k a month, you'd have one of these built and fitted out with bathroom, kitchen for less than 24k. Also if its 25 sq m or under, the council cant do jack ****, worst case , you are asked to remove the bathroom or kitchen, they can do nothing about you living in it…

For those of you who arent aware, this isnt a country you ask for permission, you just do it…

o1s1n

https://www.boards.ie/discussion/comment/122929806#Comment_122929806

If you work in an office in Dublin, the 'least worst option' would probably be either a smaller house than you want in a good area or a bigger house in a worse area. Or even a smaller house in a worse area.

It's certainly not 'move to Cavan'.

SteM

https://www.boards.ie/discussion/comment/122929852#Comment_122929852

How long do you think you'll be on the housing list to get luxury accommodation in an amazing area?

Im surprised that van life hasnt taken off in ireland a bit more. A decent converted van is comfortable if done properly. Use that time living in it to save for a house.

Id rather live in a van than in cavan.

Idbatterim

https://www.boards.ie/discussion/comment/122929873#Comment_122929873

if youre not some of the immigrants that show up and get the likes of this luxury accomodation in Rathgar, that would rent to you and I for E2500 a month? Years… Like I said, the day you turn 18, put your name on that list…

https://gript.ie/the-extraordinary-case-of-tenia-karim/

Idbatterim

https://www.boards.ie/discussion/comment/122929881#Comment_122929881

There are a good few campers parked around, it would be a killer, that lack of space though…. Unless you had a box van etc…. Best solution, given the astronomical rents, is probably a house share… Somewhere you could have the house to yourself at weekends etc…

Donald Trump

https://www.boards.ie/discussion/comment/122928588#Comment_122928588

I don't know you, so this is nor meant personally, but it is often the case that people will regale tales of their own struggles and forget about the particular advantages they may have had. Everyone mentally puts themselves as being in the worst case scenario simply because that it their own reference point for starting off, whether that be the self-made person who worked part time to attend college, or the self made billionaire who started with nothing expect for a couple of million dollars loan from their father.

Why do I say this? Well you were on a min wage job. Then on part time hours and studying. Why do I suspect that there is something you are not acknowledging in your story? Well someone today doing 20 hours per week (2.5 days) of part time work at minimum wage would be getting about 1k per month gross. The additional information might not be much. Maybe you lived at home some of the times and didn't have to towards your keep. Maybe you had a partner who paid for things for you - even on the quiet as in getting the shopping or bringing you for a few pints and paying. Giving you a present of a bike when you needed one for commuting etc. Or maybe you had access to finance for a loan, perhaps with someone acting as guarantor so that you could get it. Or maybe you even just had a fallback in the worst case scenario in case things fell to pieces. You might never have used that - but having it makes a difference.

Don't take this as knocking you. I just don't think your experience would be easily reproducible in the modern day.

Jim2007

https://www.boards.ie/discussion/2058383303/escaping-renting

Your basic assumption is flawed, they don't have security, but a delusion of security in an Anglosphere world. Purchasing a property is the most risky financial undertaking the average person can do because when they do they break every single rule of investing:

• They invest in a high risk, low return asset class
• They invest in an illiquidity asset
• They fail to diversify the risk
• They go all in on an asset class that should only account for 5% - 7% of their total wealth
• And they borrow to do it

So purchasing a property in an area that doesn't suit is just about the dumbest thing you could do out side the Anglosphere!

Next to the American dream, getting on the property ladder is one of the best bits of marketing ever. It does not matter where you go in the old empire, they all have the idea that renting is dead money, you need to get on the property ladder and you accumulate wealth by investing in property. The result is a housing crisis that can't be solved no matter who is in power. The only way to solve a housing crisis is to increase available accommodation but doing so in the Anglosphere means you wipe out the accumulated wealth of the majority of voters because of fall in property values. That is what happened in Ireland last week. They majority of voters are home owners and they are not going to go for any solution that will put them in negative equity.

So buying a property in Cavin is an emotional decision fueled by a misunderstanding of financial risk, renting is the low risk option.

Donald Trump

https://www.boards.ie/discussion/comment/122929822#Comment_122929822

It's much easier to have nothing when everyone else is in the same boat. It's the relative level rather than the absolute level which is the killer.

LambshankRedemption

https://www.boards.ie/discussion/comment/122929881#Comment_122929881

I know someone who lives 6 months of the year in a caravan, and the family home for the winter months. I reckon its more common than people think.

If you are saving 800+ a month, by living in the family home, there's no reason why you have to keep your Barbie wallpaper.

Viscount Aggro

https://www.boards.ie/discussion/comment/122929925#Comment_122929925

Comparison is the thief of joy.

Never mind how other people are doing in life.

I can think of alternative solutions, to avoid paying high rents…

but they are not comfortable living conditions to endure.

littlefeet

https://www.boards.ie/discussion/comment/122929860#Comment_122929860

So tell me where someone on less 40k and no hand out from mammy and daddy and no possibility of earning more and working in Dublin buy? even as one bed property with in a nice easy commute.

littlefeet

https://www.boards.ie/discussion/comment/122929928#Comment_122929928

Planning permission?

LambshankRedemption

https://www.boards.ie/discussion/comment/122929975#Comment_122929975

Planning permission for what?

o1s1n

https://www.boards.ie/discussion/comment/122929968#Comment_122929968

So many more questions need answering for this.

How old are they?

Are they in a relationship with someone else who's working? (What's that person earning?)

Do they have any savings?

Why do they have no possibility of earning more? Are they a prisoner locked in someone's basement?

Rocket_GD

https://www.boards.ie/discussion/comment/122929987#Comment_122929987

Prisoner locked in a basement means free rent essentially, so there's some more they can add to their savings at least.

In this housing crisis probably doesn't sound like the worst option for some people.

Donald Trump

https://www.boards.ie/discussion/comment/122929949#Comment_122929949

I can think of alternative solutions, to avoid paying high rents…

Rentboy with a special rate for overnight service?

Idbatterim

https://www.boards.ie/discussion/comment/122929975#Comment_122929975

planning for a caravan? let me guess, if someone was starving, you'd tell them not to rob an apple from tesco, because it was illegal? In this country and the world over, its every man for himself… Give me a break talking about planning? asking the morally corrupt , who have decided to have rip off accomodation, if you an sleep in a caravan? Lol…

o1s1n

https://www.boards.ie/discussion/comment/122930004#Comment_122930004

Still better than moving to Cavan.