Reversal wrote: » Ah here, a couple who can save 4K a month, each, aren’t buying a terrace in Drimnagh. Combined yearly income would nearly be the price of the house you quoted.
Ursabear wrote: » A modest 65k each XD
Experience_day wrote: » ?? I would say 65k is a pretty modest sum for working professionals in Dublin City....especially as per my original statement ones working in the likes of the tech companies and to a lesser extent financial services which is a lot more middle/back office rather the interesting side of things....
Pivot Eoin wrote: » I think most over-estimate the basic wages of people in the likes of FB, Google, Linkedin etc. The tech professionals who get paid the money you THINK they earn are senior developers and above. Lot of the big tech company workers all on Mid-fifties and then bonus payments. And in the bigger companies, you dont climb the ladder anywhere near as fast as other companies. I've worked in both big techs and smaller start ups, level 5 in a 9 Step ladder to C-Level maxed out about 75k basic. The reason so many join is the "Atmosphere", the free meals, the free gym memberships, the Free beer in the office, the Pension Contribution etc. For instance in a Marketing Division, very few get to the top 3/4 rungs of this: MDs (200 - 250k) C-Level (Chief Marketing/Financial/Tech Officer)130-160k Director Level (Senior Leadership)100-120k Department Heads (Head of Digital/Paid Media) 90-100k Team Leads (Account Directors) 65-75k Senior Accounts (Senior AM) 45-57k Accounts (Account Manager) 32k - 40k Support Staff (Executive) 28 - 35k Entry Level (Co-Ordinator) 23 - 26k
snoopboggybog wrote: » People think Dublin wages are fantastic in I.T when there not really. If your a very good developer or top of your field yes the money can be crazy which only a handful of people are. If your middling your looking at 45K to 65K. Anything else probably 25 to 45K depending where you end up.
OwlsZat wrote: » Don't feel the trolls!
Taylor365 wrote: » You're out of touch with Dublin salaries, or Dublin salaries are out of touch with everywhere else. Takes a lot of job switching and negotiating tooth and nail to get a modest salary, never mind 65k!
awec wrote: » Minimum wage in Ireland is like 20k a year. If someone in IT, a skilled worker, is on as little as 25k a year they are getting absolutely shafted.
snoopboggybog wrote: » That would be the complete low end, 1st line helpdesk role in a small to medium size company answering calls, installing software, password resets, basic desktop support etc.. After maybe 15 years in a specialized field yea you should be hitting the 65K mark.
awec wrote: » This sort of role is not really IT, this just sounds like typical low-skill call center first-line support work. IT workers have degrees and job titles like software engineer, data scientist, program manager, business analyst, service engineer etc.. I guess it depends on what the true definition of "IT" is. If you expand it to include anyone who works with computers then the salary range will obviously be much larger.
Julissa Bitter Jeep wrote: » Majority or minority? Majority of my friends and acquaintances have saved money this last few months, less opportunities to spend and most weren't furloughed.
PommieBast wrote: » From what I can see it seems to be majority. Different statistical sample space I guess. While back saw some stats showing about half the working population on some sort of government support, but that does not admittedly indicate whether they are worse off. I was furloughed and put on salary subsidy but because of the taxation treatment actually ended up slightly better off..
Julissa Bitter Jeep wrote: » Same !
missmed wrote: » The property market is reopening this coming Monday, back to physical viewings. There is a lack to supply and pent up demand according to EA’s. Based on this can we expect bidding wars on houses currently on market? or will people hold off and wait for more houses to come to market or possible future price drops?
Reversal wrote: » Am I the only one who cannot understand how the “saving a bomb during lockdown” effect will exert any real upward pressure on prices. It’s not like would be buyers had 15k euro luxury holidays planned that they’ve cancelled. Say a couple have been saving 3500 pm instead of 2000, maybe some have benefited more, but you have imagine for the majority the difference is probably less. So an extra 1500 pm for 4 month, 6K. So that’s a buying power increase of 1~2%, not exactly earth shattering against a backdrop of less approvals, lower earnings and job losses. Anyone who had enough disposable to benefit from the lockdown savings effect by the magnitude stated above probably would have qualified for an exemption. Which is now gone, decreasing their buying power by 25%. So overall their buying power is down 23~24% in the example above. That’s before we even get into, wage cuts, no bonuses, postponed salary increases. With so many cuts to people’s buying power, and a lot of buyers taken out of the market all together, I just don’t see how a small bit of cash in some peoples pockets will fight the tide. It might feel like a lot, but when you do the maths the argument does not stack up.
Marius34 wrote: » Wow, 19 likes, most liked comment on Property Market Thread? What does it tell about readers on this Thread? And what this findings tells about Property Market?
Experience_day wrote: » I would say that a fair few (and bearing in mind Ireland is a small place where it doesn't take a lot to make a meaningful percentage) have been able to save far more than that. Take a colleague for example. Good salary granted but no longer has creche fees, commute fees, pub most days, lunches, dinners, breakfasts, coffees etc. I would genuinely say he's saving thousands a month. And what I would also say it's doing is empowering a class of people that have never bothered to save......to save involuntarily. The ones that are now out of credit card debt for first time, maybe those who didn't think they could save for a house and now found themselves (even by your conservative estimates) 6k richer. Doesn't take a lot to extrapolate a few people that now see it as something attainable. For myself, I've saved nearly my entire paycheck since March on top of my modest savings. It means I have a fair substantial deposit now and I'm genuinely considering buying another house. Something I wouldn't have considered even a few months ago....
pearcider wrote: » Well you can certainly make the charts say whatever you like. The fact is there are BTC investors out there sitting on a 50% loss right now. Some lost 30% overnight.
Reversal wrote: » Perhaps that the average reader of the thread can see through the waffle that gets spun by the few here who have vested interests.
combat14 wrote: » read in previous article that you could potentially draw down something like up to 20000 tax free but it would affect your pension entitlements later ... may be set up in conjunction with help to buy scheme pension industry be delighted as prob more fees for them too
