Can you afford a home?

em_cat · 06-07-2021 8:28pm

Burt Renaults wrote: »

Maybe you should read the room. Not everybody is in your privileged situation. Especially younger people, starting out, trying to find somewhere to live.

I did read the read the room, an echo chamber, this is not, it's AH.

As for younger people starting out… they have to do what everyone else before them did, rent, work, balance a life and saving and if you really have too, buy when you can either afford a mortgage or pay cash.

0ph0rce0 · 06-07-2021 8:37pm

Little cracker of a "fixer upper" in Carlow there for anyone looking to buy and commute into Dublin.

https://www.daft.ie/for-sale/detached-house-knockroe-borris-co-carlow/3442392

Burt Renaults · 06-07-2021 8:45pm

em_cat wrote: »

I did read the read the room, an echo chamber, this is not, it's AH.

As for younger people starting out… they have to do what everyone else before them did, rent, work, balance a life and saving and if you really have too, buy when you can either afford a mortgage or pay cash.

Your posts displayed (and are continuing to display) a stark lack of self-awareness and zero empathy. Well done for being so privileged that you don't even need a mortgage, but an awful lot of hard-working young people who I know are trapped in the cycle of paying too much to their landlords to ever be in a position to afford a mortgage deposit.

I'm one of the very lucky ones. A combination of savings (thanks to a few years of being lucky enough to pay low rent) and inheritance mean that I don't have to worry about being able to afford a deposit. It'd be pretty crass and tone-deaf of me to assume that everyone else could be in the same position if they wanted to be.

AlmightyCushion · 06-07-2021 8:48pm

em_cat wrote: »

I know a good few people under 40, they are sensible people, almost all own, most bought on the affordable housing scheme back in 2006/ 2007 almost all own their properties outright as they paid off the mortgages, by living within their means and not spending all their monthly income. Sure some benefited from small inheritance due to a parent passing. I’ve a good friend that was in a council flat, then with Cliud, then went back to council and just recently she bought her own 2 bed apartment in D8. Not to mention she’s a single mum too.

I also know a lot of people that came from wealthy families, got places bought for them so they didn’t have to pay rent during college, most of them never learned how to handle money or the value of a pound and are in debt up to their eyeballs. So back to my original statement, hard to have sympathy for people when they fail to understand very basic economics.

So, all these people were at most age 25 when buying, bought at the height of the boom and most paid the mortgage off in less than 14 years?

em_cat · 06-07-2021 8:53pm

I’ll agree we do need more affordable housing, but they can’t just hand them to every young person who feels hard done by the generations before them.

As for the banks touting mortgages to people that possibly can’t afford them, it’s not as if they are standing in the streets begging people to take out those mortgages.

Thespoofer · 06-07-2021 8:54pm

Yes. Late 40s now. 20 years ago hadn't a euro to my name, copped on, doing good now.

em_cat · 06-07-2021 9:02pm

AlmightyCushion wrote: »

So, all these people were at most age 25 when buying, bought at the height of the boom and most paid the mortgage off in less than 14 years?

Yep, the key is the affordable housing scheme, they bought where they could afford, commuted, rented out a room, some where on trackers or weren’t offered them when they should of been. Most of them don’t take holidays every year or have expensive cars or go out very evening. Some work in public sector in nursing, administration, some are lecturers, some are manual labourers, some have their own businesses. It’s doable.

I remember back in those days friends of mine that are or where Architects buying properties that needed work and being granted mortgages when they handed in the drawings and thought to myself that’s insane.

06-07-2021 9:03pm

em_cat wrote: »

I did read the read the room, an echo chamber, this is not, it's AH.

As for younger people starting out… they have to do what everyone else before them did, rent, work, balance a life and saving and if you really have too, buy when you can either afford a mortgage or pay cash.

Look at this property

https://www.daft.ie/for-sale/end-of-terrace-house-24-dunawley-way-clondalkin-dublin-22/3433096

That's the kind of property, in Clondalkin Dublin 22, currently available to a couple on a combined income of 100k, trying to raise a family.

Do you think, in the history of this property, its owners were ever on a combined income of 100k? It seems doubtful, tbh.

If the prospective, lucky onwers of that semi in Clondalkin really wish to be eligible, they'll somehow have to save 70k whilst paying a mortgage -- probably on an apartment, probably little more than a shoe-box.

If they are renters, and paying Dublin rents, God love them; those people probably haven't a hope of owning a home in Clondalkin.

Surely anyone with eyes in their head can see how hard work isn't being rewarded in this economy? How can you work your arse off, earning a combined income of 100k, and still not have basic housing security, which is a minimal expectation anyway? Come off it.

I see sheep · 06-07-2021 9:10pm

em_cat wrote: »

I’ll agree we do need more affordable housing, but they can’t just hand them to every young person who feels hard done by the generations before them.

As for the banks touting mortgages to people that possibly can’t afford them, it’s not as if they are standing in the streets begging people to take out those mortgages.

Are you giving the banks a free pass form the last crash?

You live in cloud cuckoo land.

You'll be sitting around baffled in a couple of years wondering why Sinn Fein are running the country.

em_cat · 06-07-2021 9:21pm

Burt Renaults wrote: »

Your posts displayed (and are continuing to display) a stark lack of self-awareness and zero empathy. Well done for being so privileged that you don't even need a mortgage, but an awful lot of hard-working young people who I know are trapped in the cycle of paying too much to their landlords to ever be in a position to afford a mortgage deposit.

I'm one of the very lucky ones. A combination of savings (thanks to a few years of being lucky enough to pay low rent) and inheritance mean that I don't have to worry about being able to afford a deposit. It'd be pretty crass and tone-deaf of me to assume that everyone else could be in the same position if they wanted to be.

You don’t need to take your anger out on me…

I have plenty of self awareness, I’m aware of the populist mantra of rent gouging landlords, sh*te government, it’s all someone else’s fault.

I guess you’ve not bothered to see I’ve plenty of people in my life that have struggled in some form or other, low paying job, had kids, didn’t go to third or h*ll, even second level, still live at home etc… My SIL lives at home, she also has spent a decade in Australia, building a pretty good career, she also pays rent at home.

No I don’t think everyone is the same, but I do think young people of today whine a lot, forgetting that they have opportunities afforded to them that we, my generation didn’t. Yes the cost of living is different, demand is also higher than average, idk, maybe COVID has something to do with it.

alias no.9 · 06-07-2021 9:30pm

I see sheep wrote: »

Are you giving the banks a free pass form the last crash?

You live in cloud cuckoo land.

You'll be sitting around baffled in a couple of years wondering why Sinn Fein are running the country.

The shareholders (owners) of the banks were wiped out for their troubles, hardly a free pass. The people who'll be baffled when SF are in power will be the ones who voted for them to be in power without realising the are little more than FF for slow learners.

em_cat · 06-07-2021 9:31pm

I see sheep wrote: »

Are you giving the banks a free pass form the last crash?

You live in cloud cuckoo land.

You'll be sitting around baffled in a couple of years wondering why Sinn Fein are running the country.

No I’m not, sure changes are needed, however I’ve never seen banks standing out in the streets begging people to take out ridiculously unaffordable mortgages.

Ha, if Sinn Fein run this country, I’ll believe it when I see it.

jimmycrackcorm · 06-07-2021 9:32pm

Creamy Goodness wrote:

Right so an office cleaner/waiter/bus driver etc. that get minimum wage or just above need to live within their means therefore should buy/rent in Roscommon and commute to Dublin where their job is?

The thing people tend to forget is that you don't need to stay in a minimum wage job all your life. I've a friend who was a waiter for years then became a public servant. Also bus drivers aren't on minimum wage jobs either.

Creamy Goodness wrote:

Dublin needs housing for all people whether theyâ€™re a tech worker or a shop assistant. Even if they donâ€™t grasp â€œbasic economicsâ€

Agree with this, but neither should prime city centre locations be dedicated to social housing for dole lifers while workers have to commute distances.

06-07-2021 9:37pm

em_cat wrote: »

No I’m not, sure changes are needed, however I’ve never seen banks standing out in the streets begging people to take out ridiculously unaffordable mortgages.

Ha, if Sinn Fein run this country, I’ll believe it when I see it.

Shinners will likely be in government next time about,they are only ones speaking anything approaching sense on housing

If people an average income in dublin (or anywhere)cant afford to buy or have any realistic prospects of doing so,

whole thing should grind to a halt and collaspe,the fact its not would say to me,that its not workers/ordinary folks buying the houses.....

Its time to either ban investment buyers,or tax em out of existance,the worst of victorian capitalists,could acknowledge the need to house poor,its time those running the country in 2021 done same

rob316 · 06-07-2021 9:43pm

Their is plenty houses out there for FTB but you have no hope competing with private investors, bottomless investment funds and Public bodies.
My wife doesn't work, she is my son's carer. For me to buy a new build 3 bed semi I need an income of approx 100k. That's mental.
Affordable housing is really the only hope for most of us but your looking at 5 years plus to meet demand.

You can't even afford to buy in areas you don't want now.

Creamy Goodness · 06-07-2021 9:49pm

jimmycrackcorm wrote: »

The thing people tend to forget is that you don't need to stay in a minimum wage job all your life. I've a friend who was a waiter for years then became a public servant. Also bus drivers aren't on minimum wage jobs either

Fair point but as pointed out by a previous poster a couple on a 100k can only afford a dilapidated hole in Clondalkin the system is well and truly broken.

If it’s broken for what would be considered high earners it’s broken for those on minimum and industrial wage jobs.

Agree with this, but neither should prime city centre locations be dedicated to social housing for dole lifers while workers have to commute distances

Social housing needs to be interspersed with society as a whole, we’ve all see how well ghettos work and the amount of people that are lifers on the dole are dwindling compared to those who do decent jobs that society need are falling further and further in to the needs of social help.

em_cat · 06-07-2021 9:50pm

Well I’m standing looking out on all the 'poor’ ordinary people who’ve got council housing, yes they pay rent, have children, disadvantage etc they also work some really decent jobs and some low paying, however, I’m really wondering how they afford 3k on a french bull dog, holidays in Dubai, the Canaries, Range Rovers, brand new 3 series. A couple of new, not second hand, RS and GTI's sitting in front of those council houses too.

I know this is problematic hyperbole….

riclad · 06-07-2021 9:54pm

Investors from the usa can buy irish property and rent it and pay zero per cent tax,
so they can afford to outbid workers or anyone who just wants to buy a house to live.
We are in a housing crisis if an ordinary couple on average wages cannot afford to buy a house.
while they are saving for a deposit prices are rising.
Gen z is going to be left just to rent out apartments unless they are in a high salary job.
ordinary houses Anywhere in dublin are now 300 k plus.
I think sinn fein will always be a minority partner in government
vs fine gael and fianna fail ,
of course young people may switch to a more socialist voting pattern in the future as they realise they are getting left behind by the present capitalist system .

JustAThought · 06-07-2021 9:55pm

Hello Moto GP wrote: »

What absolute nonsense, my company has already introduced a hybrid model post covid where we are required in the office two days a week and work from home the other three.
We employ 7,000 people.

Where do you work and are you in a position to hand out jobs? (Interested!)

06-07-2021 9:58pm

em_cat wrote: »

I’m really wondering how they afford 3k on a french bull dog, holidays in Dubai, the Canaries, Range Rovers, brand new 3 series.

Hard to believe that, with respect.

Have you ever walked past a flat-complex with a single Range Rover, let alone a few of them? Obviously, if there were any such vehicle, it wouldn't have come from welfare transfers.

The working class needs to stop attaking ourselves; the working class is not its own enemy. Most people living in flat complexes are relatively poor. What you're talking about is an abberation.

rob316 · 06-07-2021 10:00pm

em_cat wrote: »

Well I’m standing looking out on all the 'poor’ ordinary people who’ve got council housing, yes they pay rent, have children, disadvantage etc they also work some really decent jobs and some low paying, however, I’m really wondering how they afford 3k on a french bull dog, holidays in Dubai, the Canaries, Range Rovers, brand new 3 series. A couple of new, not second hand, RS and GTI's sitting in front of those council houses too.

I know this is problematic hyperbole….

As someone who is living in social housing and trying to buy, while I think your examples are exaggerated the rate of rent for social housing is ridiculously low. 15% of net household income pales in comparison to what people are paying on the open market.

jimmycrackcorm · 06-07-2021 10:00pm

Creamy Goodness wrote:

Fair point but as pointed out by a previous poster a couple on a 100k can only afford a dilapidated hole in Clondalkin the system is well and truly broken.

That house also comes with two self contained apartments at the rear giving an income....

0ph0rce0 · 06-07-2021 10:01pm

em_cat wrote: »

Well I’m standing looking out on all the 'poor’ ordinary people who’ve got council housing, yes they pay rent, have children, disadvantage etc they also work some really decent jobs and some low paying, however, I’m really wondering how they afford 3k on a french bull dog, holidays in Dubai, the Canaries, Range Rovers, brand new 3 series. A couple of new, not second hand, RS and GTI's sitting in front of those council houses too.

I know this is problematic hyperbole….

Alot of them get council houses in their younger years, they meet a partner they start a family and have two incomes coming in, they get jobs and work their way up as the years go on and have more disposable income.

While you're paying 1000-2000 a month on a mortgage they aren't paying even a quarter of it.

So you might earn 3000 a month and pay 2000 on your mortgage and 500 on bills and 200 on food and be left with **** all to play with, due to the rents charged in council houses they could have 2000+ grand left to play with so it's not a bother having a car loan for a nice BMW for 500-600 a month or ****ing off on holidays to exotic locations

em_cat · 06-07-2021 10:03pm

A Tyrant Named Miltiades! wrote: »

Hard to believe that, with respect.

Have you ever walked past a flat-complex with a single Range Rover, let alone a few of them? Obviously, if there were any such vehicle, it wouldn't have come from welfare transfers.

The working class needs to stop attaking ourselves; the working class is not its own enemy. Most people living in flat complexes are relatively poor. What you're talking about is an abberation.

Well you might want to have a walk around D8 then. I can introduce you to the 3K Frenchie, she’s very cute & an absolute dote, she even has her own #onlyfans account…

Creamy Goodness · 06-07-2021 10:05pm

jimmycrackcorm wrote: »

That house also comes with two self contained apartments at the rear giving an income....

That just compounds the problem. High probability those apartments are in rag order and most likely a health and safety issue.

06-07-2021 10:07pm

em_cat wrote: »

Well you might want to have a walk around D8 then. I can introduce you to the 3K Frenchie, she’s very cute & an absolute dote, she even has her own #onlyfans account…

People pay to see fanny pics of a dog?

Wtf

0ph0rce0 · 06-07-2021 10:09pm

Deleted User wrote: »

People pay to see fanny pics of a dog?

Wtf

I hope they mean #Instagram :pac:

Leg End Reject · 06-07-2021 10:11pm

Creamy Goodness wrote: »

That just compounds the problem. High probability those apartments are in rag order and most likely a health and safety issue.

BidX1 are selling it, so the apartments out the back probably don't meet building regulations to be classed as habitable dwellings, and there's a tenant in one and the owner is apparently unsure of the nature of their lease ...

€350k for a nightmare, but sure it'll be grand if the people who buy it live within their means according to some here.

06-07-2021 10:12pm

em_cat wrote: »

Well you might want to have a walk around D8 then. I can introduce you to the 3K Frenchie, she’s very cute & an absolute dote, she even has her own #onlyfans account…

Lived in Dublin 8 for many years. Lots of strange owners who put their dogs on instagram, subscribers to an Only Fans sounds far-fetched.

A lot of comments on this thread sound quite incredible, literally not credible.

em_cat · 06-07-2021 10:20pm

rob316 wrote: »

As someone who is living in social housing and trying to buy, while I think your examples are exaggerated the rate of rent for social housing is ridiculously low. 15% of net household income pales in comparison to what people are paying on the open market.

Yes I agree the rents are way below open market.

I’m not joking, it’s hideous, flat white, black trim Evoque. I nearly had a heart attack when I learned who the owner was.

I was chatting to someone & wondered how come it’s out there, remembering we’ve a lot of healthcare workers parking all over the place of late, you know they are due to the prominent front & back red stickers, however it turns out it definitely belongs to the council tenant’s daughter, I do believe she’s doing #MUP tuts online…

Can you afford a home?

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