awec wrote: » The distance from family is not really the only reason people use creches. Family-based childcare just isn't as popular or workable these days. The better argument would be that moving down the country might allow them to revert back to a single income family and therefore remove the need for childcare altogether. But the majority would rather work once the numbers for working stack up. Mothers, traditionally viewed by the state as those responsible for minding kids in the past, have careers of their own these days, and ambitions of their own. I think people are getting ahead of themselves a bit here. There's some wishful thinking going on. As I said, this time next year the overwhelming majority will be back in their Dublin offices (those that are still employed), and they'll be glad to be there. The idea there's going to be a mass exodus out of greater Dublin into other counties is a bit far fetched. In the unlikely even it does happen, it's good news for property owners in other counties, as they'll watch their property values go through the roof, and bad news for anyone thinking they'll pick up a cheaper gaff down the country, as it'll suddenly become a lot more expensive.
smurgen wrote: » This would be another factor for people who can work from home and visit the office every two weeks or so to do so. You wouldn't have to pay extortion in house prices to live within distance from your Dublin office and you'd have family that could mind kids for you also at a fraction of the cost.
smurgen wrote: » It's all had a knock on effect. Falls in one part of the market will leak into other parts.
Cyrus wrote: » prices will fall for the next 10 years ? Sorry it's never going to happen . Humour me, a 1m euro house in Dublin what do you think it'll be worth in 10 years time given these price drops
awec wrote: » I am going to guess you have no kids and therefore no exposure at all to the realities of childcare. Childcare in the greater Dublin region is in the guts of a grand a month per child. The people paying this money are the same people buying houses. They are the young, professional first-time-buyer segment of the market.
GreeBo wrote: » These people don't have an issue trying to find a house though... They are not buying 3 bed semi d s in Kildare for 300k.
smurgen wrote: » Alot of high paying jobs can like tech and finance e.g Google and Facebook WFH for the rest of the year.
Dav010 wrote: » Wouldn’t that have an equal effect on the market, all these highly paid employees WFH now looking for rentals/buys elsewhere?
Graham wrote: » Move to other rentals, buy property. The nice thing about WFH is you don't necessarily need to be within commuting distance of the office or even in the same county/country. While many can't wait to return back to open-plan nirvana, a sizeable chunk of employers and employees will now be seeing the potential for longer-term/permanent WFH.
Dav010 wrote: » Unless they work from home in their rented accommodation. A 20-something enjoying city life may not find moving back to Hicksville appealing. Where do they go if they leave the city, back home to mom and pop? All these techies moving out of rentals to work at home have to live somewhere.
Dav010 wrote: » Where do they live if they leave their rentals?
Graham wrote: » That's probably accurate. I suspect many companies have staff who are not in their 20s.
Dav010 wrote: » Unless they work from home in their rented accommodation. A 20-something enjoying city life may not find moving back to Hicksville appealing.
Graham wrote: » I'm not so sure. Even a 10% - 20% shift to remote working would be a fairly seismic change for the property market.
awec wrote: » This time next year the overwhelming majority of tech workers will be back in their Dublin offices.
Dav010 wrote: » Not to mention if the tree huggers get into Government, zoning and planning won’t get easier when they are involved.
Graham wrote: » I'm not sure that's likely in the short-term given the massive disruptions to global supply chains. If anything I'd say there's potential for input costs to increase unless accompanied by savings on the labour side of the inputs.
Dav010 wrote: » Working from home is only possible for those who can work from home, broadband isn’t much use to someone whose job doesn’t rely solely on a computer.
smurgen wrote: » The inputs for housing getting cheaper and cheaper..
smurgen wrote: » The inputs for housing getting cheaper and cheaper. How we as a society view housing. The roll out of broadband country wide and the real time working from home process being developed and perfected right now. This is all off the back of house prices already starting to fall at the end of this year.i believed a correction was coming anyway now due to how the world has forced to adapt has forever devalued or idea of property. I think the genie is out of the bottle.
smurgen wrote: » The inputs for housing getting cheaper and cheaper.
Villa05 wrote: » What percentage of rental properties are on the market at any one time?My point was that people with 2k a month creche bills would not be prime mortgage candidates, it would be unlikely that they would be driving the property market forward. I'm not sure how you deducted the above from my post Assuming rent at 1500 a month maybe 2000. A couple would be down 5k gross income before they opened there eyes on the first day of the month
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