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

The system favours the 1%...try even starting a small business these days...absolute minefield

lawlolawl wrote: »

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.

Yes, well life isn't that simple. I'm sick of people trying to make out that they were 'clever' by buying their house during the recession. Most of them just got lucky with their timing.
And to be honest, even people who bought during the recession would have needed a hefty deposit to have two thirds of a mortgage paid off in six years.

smash wrote: »

They could shop around, it's what people do in other countries. In Ireland however, people seem to have a weird sense of loyalty to their bank who are ripping them off so much.

shop around, but what difference does that make if there isnt value nationally in banks?

Michael D Not Higgins wrote: »

If you can afford it buy, especially within the current central bank limits. In the long run it's better but I wouldn't call rent dead money. Renting is a service and it protects you from costs like structural repairs and provides flexibility of living, particularly for young professionals. Comparisons to central European regimes are flawed as there needs to be a cultural, legal and mindset shift that would take decades to implement.

I think flexibility of living has been shown to not be the case, renters in many cases are tied to existing contracts for fear of what may come if they move to a new landlord, thats not even to mention the availability.
As for protection from costs like structural repairs, expect any costs to be passed along generally, but if its a hedge fund you are garaunteed it will be spread across everyone.
the protection from rent increases needs to be parallel to protection for landlords from costs from local authority or state body's such as excessive taxation.

nullzero wrote: »

How is it always rich people with several properties to their names who make these comments?
Ireland has a terrible rental market which is essentially unregulated and whilst not outwardly anti tenant is still visibly pro landlord.
In a rental market where tenants are treated correctly these type of comments from elite nit wits can be seen as having some logical basis, but in the current rental climate in Ireland anyone making these type of comments simply puts themselves in the Marie Antoinette role of essentially saying "let them eat cake".

More like, dont even think about cake, might get some crumbs.

TheDoc wrote: »

A problem barely getting mention in this housing crisis issue, that if it continues longterm and me move to a move rent based situation, there needs to be some serious new legislations and care put in place to cope with the retired segment of the population.

Also this article, which is really a link to a quote, can go and ****. "Millionaire exec tells people to stop wanting nice things".

Paypal are curiously using the housing issue as a constant redline article. Feels like they are either laying the excuses early for their exit from Ireland, or trying to cut costs with staff and have them point the finger elsewhere

How do you think that will be handled? oppresive over regulation to foist the problem onto the few remaining legitimate landlords by well meaning but oppressive nannying liberal fascists.