you should just "GET OVER" ever owning a home says PP boss

SEPT 23 1989 wrote: »

todays pensioners are living in a golden age

I wouldn't have thought so. Thousands of pensions were pretty much wiped out by the property and banking collapse.

Captain Chaos wrote: »

The renting laws need to change first.

1: Long term leases need to looked at. 10+years.

2; More long term security.

Only then will it be a viable option imo.

Its more about the security from rent increases, as someone says later on, how can a pensioner ( not to mention what they might pay this from assuming they ever had enough to get by anyway), even if they could manage to pay into a pension, it seems backwards, funding a pension, money into organisations to then hoover up properties for people to rent off.

stoplooklisten wrote: »

People was us to be more "european" when it comes to home ownership

Where's our 1.5% fixed 10/15 year mortgages like our European counterparts are enjoying at the moment?

or cheaper everything? when its about increased or different costs here, its all, "were different, transportation costs, unique market conditions, a dot on the landscape for large businesses.
but when its about realising the benefits, no chance.

LexieOnRale wrote: »

I don't think there's anything wrong with working towards owning your own home once you're realistic about it.
I know I'd rather pay a grand off my mortgage and have something to leave my child when I die than pay a grand to live somewhere.

I would be so worried that I would die and leave any kids I had without a home or anywhere to go. It's security and peace of mind

ffs, havent you heard of euthanasia or soylent green.

Timberrrrrrrr wrote: »

I never said there was anything wrong with it, I said too much pressure has been put on generations of people to do so.

Because the alternatives now are what?

beach_walker wrote: »

I think you'd be mad not to be looking at some form of home ownership in this country.

https://www.youtube.com/watch?v=1XcGSJ6Of9g

the way it is now, and seems will be forever, yes.
I think you are being overly optimistic with that clip.

FTA69 wrote: »

The difference being that continental European tenants tend to have excellent tenant rights with secure tenure and decent rent structures instead of the total sh*tshow we have in Ireland and the U.K.

I dont know about that, been reading about problems in European markets where accomodation is limited, imagine queing up accomodation that with your zimmerframe, people are in strife looking for accomodation in stockholm, Berlin, by no means a utopia.

Baylor Long Riverside wrote: »

I wish we could be more like some continental countries where renting is a very safe and secure alternaive to buying your own property.

Too many people end up with a millstone around their neck here, paying off a mortgage on a house they don't particularly like, in an area they don't particularly want to live in. They can't take a job in another part of the country because the cost of moving would be too high, they can't move to an area they'd prefer because stamp duty, legal fees etc are prohibitive, they can't take any risks whatsoever with their careers because if they default on their mortgage their credit rating is ruined.

People who can't get on the ladder are made to feel like 'losers' because they're still renting in their forties or fifties.

There has to be a better way.

Wishful thinking

<SNIP>

Completely agree, but although thats a related but different element of the problem, its like a symptom of the failure to be able to provide suitable amounts of property (or a refusal/failure to provide accomodation), so no system can allow people to be kicked out.
Wasnt it only recently other countries EU ministers were horrified (or said they were) at the scale of the problem of access/availability to/of accomodation?

Carrot and stick, have a scale of taxes to incentivise small landlords to let, ie reduce taxes to make it viable to rent, do something about rogue landlords and tenants. Make it possible to rent an empty but suitable and assessed property, let people use their own furniture/washing machines/fridges, AND for furnished places allow shorter writing off of costs, ie every 4 years and not 8 for white goods.
Thats not inline with policy, which seems to be want to allow hedge funds own this.

For renting to be a viable option for tenants, it needs to be viable for landlords too, rights and responsibilities for both, Dont see how bansk cant offer a product to have accounts for deposits that can be run by a set of specific rules that could include some fixed costs and have minimal intervention, AND no setting up of a quango, especially one that is influenced by govt policy or is not impartial.

andekwarhola wrote: »

There is a sense of entitlement in ireland when I think comes to owning property.

Especially when so many people think they're being swindled from their God given right to own a place in a handful of toney Dublin suburbs (you don't get bitching in places like New York or London that an evil coalation of vested interests is preventing two teachers buying a house in Manhattan or St John's Wood).

That said, it is unfair to fully consider this properly when our rental sector is so flaky, unregulated and insecure.

Its not that there is a self of entitlement, its the alternative is unviable and insecure. If there was a viable system to rent for relaistic amounts off private individuals or businesses, then you could say owning might be less realistic, but as people barely have enough to pay rent, how do they also provide for their future via a pension scam?and who is to say that will provide?
or is it simply better accomodation is more realistically priced, so people can be more mobile that way, rather than relying on the goodwill of some corporate hedge fund.

conorhal wrote: »

Into the suicide booth you economically unviable individual!

I suspect that within a generation the elderly will form a substantial cohort of the homless.

First we will have to see the demonisation of the poor, even the working poor/those unable to make their way (could be in progress now) reducve the value of life to a comodity for everything and reduce the ability of people to become something better than cogs in a commoditised world.
Fcuk it, slavery for all, not traditonal slavery mind, you know the nice kind, where you have just about enough to get by, like cattle, they are only slaughtered when its necessary, but they are well kept most of the rest of the time, other than as a resource of food, they dont produce anything meaningful.

Iiiiiiiiiiiiiit's the hummadum drum
The dummadum drum
The daily office hummadum-drum
The daily working dummadum-drum
The daily morning hummadum-drum

Everybody queue queue queue!
Queue for the hummadum
Wait for the hummadum
Pay for the hummadum
Work for the hummadum
Run for the hummadum
Jump for the hummadum drum

Every price is Up! Up! Up,
Up for the hummdum drum
Along with the dummadum drum

stronglikebull wrote: »

Worst post ever.

The alternate is you pay rent, lets be generous and say you're getting a €225k house for €1000 a month. Assuming no inflation on that over the next 35 years and you pay €420k in rent, will have nothing to show for it, and will still have to continue paying rent until you expire.

You go ahead and keep doing that. I'm going to pay my mortgage, and we can meet up in 27 years when I own my house, and you'll have nothing. See who got the worst deal then.

Worse again, the person you've been paying rent to will now own the house outright.

I already am in the process of paying for my house, 10 years to go.

I'm a bit disappointed that you don't like my post


seriously though, on the subject of mortgage interest....

Irish banks are charging over and above the average lending rate of other European banks. As a result, there are about 300,000 mortgage holders in Ireland who are paying between €2,500 and €3,000 per annum more on their variable rate mortgages than other European mortgage holders.

Yet we are out marching on streets about having to pay €300 for water.

Fr_Dougal wrote: »

Anyone working for PayPal in Ireland should Get Over it, because you'll never afford one working for PayPal!

They pay sh1t wages and treat their employees like battery hens.

Her title would suggest that she's the one treating the employees like battery hens.

Iwasfrozen wrote: »

And if you lose your job?

And if this happens while renting?

Iwasfrozen wrote: »

If you want to take advantage of opportunities in another location

Rent out your property and go.

Iwasfrozen wrote: »

or you find yourself in negative equity what then?

This only matters when you want to sell.

I bought my house in the middle of a recession like any sane person should and i have my mortgage 2/3rds payed off after about 6 years.

You can easily afford to own a house if you actually put some thought into the years-long commitment you are going to make.