Rent prices

10-07-2019 10:40AM

A lash of social housing being built would do wonders.
Cheaper then HAP payments over 20 years, takes HAP out of rental sector. Makes more rental properties available. Rents might fall.
Folks can save more then, so the biulders can still flog houses at a profit to private buyers.

Win win......... except no one wants loads of social housing built as they are afraid of the mistakes of the past repeating.

When there was little or no prob getting council house in the 70s and 80s most folk who wanted to but a home in "nicer" areas were able to. Loads of modest earners bought 4 bed semi ds that are now €600k + ish.

m5ex9oqjawdg2i · 10-07-2019 10:41AM

The_Kew_Tour wrote: »

Dublins population is going rise by 1/3 in next 15-20 years..

Ireland population is going to increase as much in that time so things ain't going to improve really as people from abroad will be happy to pay those prices for short terms etc.

That is absolutely false. There's far better cities in Europe to live in with much more reasonable rents.

yourdeadwright · 10-07-2019 10:42AM

7 years ago I rented a big enough two bed apartment for 1100 a month in a nice area of Dublin ,
I seen it online the other week for 2300 and its already gone,

10-07-2019 10:42AM

Adilynn Teeny Volleyball wrote: »

Rent prices did not "bottom out", they normalized. Even still, during the recession rent prices where still high in places.

...........

They didn't normalise, normal rent prices were seen pre 2008/2009, IMO.

Cina · 10-07-2019 10:45AM

Augeo wrote: »

When you contradict yourself it's easy to see you are waffling total sh1t.

I haven't contradicted myself at all. I merely stated that in some countries it's easy to rent your whole life if you don't want to get a mortgage. If you do want to get a mortgage, the point of renting is to be able to do so on a fee where you are able to save for it.

10-07-2019 10:46AM

yourdeadwright wrote: »

7 years ago I rented a big enough two bed apartment for 1100 a month in a nice area of Dublin ..............

that's an example of rent prices being on the floor IMO.
Old rule of thumb, 15 times annual rent is the good price to buy.

€198k wouldn't have bought much nice 2 bed Dub apartment in normal market times

The_Kew_Tour · 10-07-2019 10:49AM

Adilynn Teeny Volleyball wrote: »

That is absolutely false. There's far better cities in Europe to live in with much more reasonable rents.

But yet so many are here........

10-07-2019 10:49AM

Cina wrote: »

I haven't contradicted myself at all. I merely stated that in some countries it's easy to rent your whole life if you don't want to get a mortgage. If you do want to get a mortgage, the point of renting is to be able to do so on a fee where you are able to save for it.

You have 10/15 years to save a deposit if you start working at 23.
That allows one to take out a 30 year mortgage at 38.

Anyone bitching and moaning that rent prices are stoppng them saving a deposit is masking the reality that things haven't gone well for them in the savings dept, a bit of personal accountability goes a long way at times.

You rent to put a roof over your head. If you want to save as well as rent you rent in a location or situation to faciliate that. Househare etc etc. Many want to rent a nice place and not houseshare, grand, do that. Don't wonder why you don't have a deposit in 5 years time if your spend over €1000/month renting out of a net salary of under €3000/month.

Trigger Happy · 10-07-2019 10:51AM

yourdeadwright wrote: »

7 years ago I rented a big enough two bed apartment for 1100 a month in a nice area of Dublin ,
I seen it online the other week for 2300 and its already gone,

That’s mad! I just checked some of mine.
A 1 bed on the quays that I rented for €1100 in 2002 is now renting for €1800.
A 2 bed in Harcourt green that I rented for €1400 in 2005 is now renting for €2300 now.

The mortgage looks less crippling when compared to those.

Cina · 10-07-2019 10:53AM

Augeo wrote: »

You have 10/15 years to save a deposit if you start working at 23.
That allows one to take out a 30 year mortgage at 38.

Anyone bitching and moaning that rent prices are stoppng them saving a deposit is masking the reality that things haven't gone well for them in the savings dept, a bit of personal accountability goes a long way at times.

What 23 year old on a €30k salary paying €1,000 a month is going to be able to save the sort of money they'll need to get a mortgage?

I think you're the one talking pure waffle. You're completely out of touch with reality if you think it's so easy for someone to save for a mortgage.

Also, 38? You realize most people want a few kids by the time they're 38, right? Or should they abandon doing that too?

Cina · 10-07-2019 10:56AM

Augeo wrote: »

You rent to put a roof over your head. If you want to save as well as rent you rent in a location or situation to faciliate that. Househare etc etc. Many want to rent a nice place and not houseshare, grand, do that. Don't wonder why you don't have a deposit in 5 years time if your spend over €1000/month renting out of a net salary of under €3000/month.

A Net Salary of €3,000 a month = around €55k p/a. A very small percentage of young people in Dublin earn money like that.

Not sure what planet you're living on but it's not this one.

10-07-2019 10:57AM

Cina wrote: »

What 23 year old on a €30k salary paying €1,000 a month is going to be able to save the sort of money they'll need to get a mortgage?

They should houseshare at 23, paying €1000 month on rent at that age is looney.

Cina wrote: »

I think you're the one talking pure waffle. You're completely out of touch with reality if you think it's so easy for someone to save for a mortgage.

Not really, I've houseshared, rented out my own place, lived at home, changed location and lived in my own place all in the last decade. I've first hand experince of all sides of the coin.

Cina wrote: »

Also, 38? You realize most people want a few kids by the time they're 38, right? Or should they abandon doing that too?

[/QUOTE]

38 is the extreme really, start saving at 23 and you should have a decent chunk saved at 30 . if sprogs are on the agenda so is a partner, they should be like minded ideally so they should also have a few quid for the deposit.

simple really.

The_Kew_Tour · 10-07-2019 10:57AM

Cina wrote: »

What 23 year old on a €30k salary paying €1,000 a month is going to be able to save the sort of money they'll need to get a mortgage?

I think you're the one talking pure waffle. You're completely out of touch with reality if you think it's so easy for someone to save for a mortgage.

Also, 38? You realize most people want a few kids by the time they're 38, right? Or should they abandon doing that too?

Then dont pay€1000

How about sharing for less. Any body paying that type of money is bonkers

Apiarist · 10-07-2019 10:57AM

Princess Consuela Bananahammock wrote: »

Out of interest, how much rent do you think would be a fair price?

Interesting question. A fair price would be different for different people. But suppose we had some kind of a balance in the housing supply, then I would think that the rent which roughly equals to payments on a 25-year mortgage can be seen as fair. Yes, such rent would not cover all LL's expenses if the mortgage needs to be paid on the rental property, but at the end of the mortgage term the LL owns the property and can recoup some costs after that.

JustMe,K · 10-07-2019 10:58AM

Try being a working parent (no benefits, no housing allowance) and little opportunity to save - even house sharing isn't really an option then.

I can't see a situation where rents will decrease unfortunately. Your options are limited to move somewhere cheaper, house share, commute for a ridiculous amount of time (I live and work in Dublin but it still takes 70-90 minutes to get to work each morning and the same to get home), or simply suck it up and pay it....or get yourself a sugar daddy.

10-07-2019 10:58AM

Cina wrote: »

A Net Salary of €3,000 a month = around €55k p/a. A very small percentage of young people in Dublin earn money like that.

Not sure what planet you're living on but it's not this one.

And a small percentage of young people are paying €1000 month in rent too.

10-07-2019 10:59AM

The_Kew_Tour wrote: »

Then dont pay€1000

How about sharing for less. Any body paying that type of money is bonkers

On the planet this lad lives on paying €1000 month rent seems to be the norm. No doubt after a year off travelling etc etc too.

Cina · 10-07-2019 11:00AM

The_Kew_Tour wrote: »

Then dont pay€1000

How about sharing for less. Any body paying that type of money is bonkers

I mean, a lot are paying not too far off it.

Don't you think it's a bit mad that a 23 year old with a full time job should be sharing a room in order to save money?

Look, there are obviously ways to save money, no doubt. I did it but I was fortunate with my renting situation and I managed to get out of rent before things really went to sh*te in Dublin, but people should be able to save money without having to make such insane sacrifices to do so, imo.

Franz Von Peppercorn II · 10-07-2019 11:00AM

Thelonious Monk wrote: »

I can't understand how they fill all these hotels with the extortionate prices they charge. I'm sure dublin isn't a bad place to visit but its not Venice or Rome.

Apparently only 20% of visitors stay in hotels.

Squidgy Black · 10-07-2019 11:00AM

Augeo wrote: »

And a small percentage of young people are paying €1000 month in rent too.

Most house shares are around 700-800 for a room in a house at the moment. If you can even find them.

Cina · 10-07-2019 11:01AM

Augeo wrote: »

And a small percentage of young people are paying €1000 month in rent too.

How bloody dare these young people go travelling the world! Absolute entitled w*nkers the lot of 'em.

Stay at home, share a room and don't enjoy yourself lads, then you'll get a mortgage, maybe, when you're 38.

10-07-2019 11:01AM

Cina wrote: »

I mean, a lot are paying not too far off it.

Don't you think it's a bit mad that a 23 year old with a full time job should be sharing a room in order to save money?
.................

Ah stop.
People have mentioned house share, not room share.
Live in Clondalkin etc and get the Luas into town if you work in the city centre.
You don't have to live in the IFSC if you work there.

Franz Von Peppercorn II · 10-07-2019 11:02AM

Amos Polite Fortune-teller wrote: »

Get a better job / salary.

Until then, don't live in Dublin, rent is a lot cheaper 1 hour + away.

Not very helpful these kind of comments.

10-07-2019 11:03AM

Cina wrote: »

How bloody dare these young people go travelling the world! ........

not at all, grand way to spend a year.
Once you accept it's a year you wont' be saving much if anything so don't come back btching about not having a deposit as your rent is expensive.

10-07-2019 11:04AM

Squidgy Black wrote: »

Most house shares are around 700-800 for a room in a house at the moment. If you can even find them.

€700/month is €3600/annum less then €1000/month.
That's €18k over 5 years........... nice wad to save up if a deposit is one of your targets to hit.

A quick search.........

https://www.daft.ie/dublin/house-share/clondalkin/6-wheatfield-cresent-clondalkin-dublin-22-clondalkin-dublin-1095247/

"A great studio, perfect for couples or roommates. There are two double beds,"
"Double Bedroom Ensuite €800 monthly"

It's not in the IFSC bla bla bla......... taxi is expensive after Thurs, Fri, Sat sess in town.......bla bla bla

Franz Von Peppercorn II · 10-07-2019 11:05AM

Adilynn Teeny Volleyball wrote: »

Rent prices did not "bottom out", they normalized. Even still, during the recession rent prices where still high in places.

There's an obsession with owning a house in Ireland. It can make for a nice next egg etc, but it cripples peoples for years and years.

There’s an obsession perhaps because of the rental situation. Also no more crippling, less so, than rent. With far ore security.

JustMe,K · 10-07-2019 11:07AM

Augeo wrote: »

Ah stop.
People have mentioned house share, not room share.
Live in Clondalkin etc and get the Luas into town if you work in the city centre.
You don't have to live in the IFSC if you work there.

The Luas isn't really in Clondalkin though, if you live anywhere outside of Monastery you are talking at least 15 mins walk to the Luas. Live in Lucan the Luas isn't an option, same for Palmerstown or Ballyfermot.

10-07-2019 11:09AM

JustMe,K wrote: »

The Luas isn't really in Clondalkin though, if you live anywhere outside of Monastery you are talking at least 15 mins walk to the Luas. ................

There's a fooking park and ride there

Cycle perhaps

JustMe,K wrote: »

........ Live in Lucan the Luas isn't an option, same for Palmerstown or Ballyfermot.

there are buses

Cina · 10-07-2019 11:11AM

Augeo wrote: »

€700/month is €3600/annum less then €1000/month.
That's €18k over 5 years........... nice wad to save up if a deposit is one of your targets to hit.

A quick search.........

https://www.daft.ie/dublin/house-share/clondalkin/6-wheatfield-cresent-clondalkin-dublin-22-clondalkin-dublin-1095247/

"A great studio, perfect for couples or roommates. There are two double beds,"
"Double Bedroom Ensuite €800 monthly"

It's not in the IFSC bla bla bla......... taxi is expensive after Thurs, Fri, Sat sess in town.......bla bla bla

Mate, you're so out of touch it's unreal.

Let's say they get that place for €800 on the median salary here, €35k pa.

By your logic they save €200 p/m so €2,400 p/y. So €24,000 in 10 years. Considering a mortgage is 10% of the cost of the property, that's nowhere near it for most places.

I'm not even sure what you're trying to argue. First you claim that rent should be more expensive than a mortgage which is pure boll*x, now you seem to be pure arguing against the idea that rent in Dublin is a rip-off? I mean, it quite clearly is a rip-off. The UN actually complained to Ireland about it!

Assetbacked · 10-07-2019 11:12AM

While renters are hurting now, property owners are feeling the benefits of their house prices increasing the past few years. However, the pool of first time buyers int he next ten years will be far smaller because of the rental crisis so the home owners prices will correct themselves and the market should retract significantly. The only way to change that is for the rental crisis to disappear but that isn't going to happen the next five years so saving now what can be saved by renters is important.

Based on median salaries, rental prices probably need to decrease by at least 15% and house prices 30% for the market to become more sustainable.

Rent prices

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