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

With a mortgage, you own an asset . This represents significant risk early on for you, but hopefully appreciates with inflation, while your costs don't. You also pay 2 or 3% a year at present (should be lower!). You have the option to pay off your principal while you earn, helping to prepare financially for retirement. No CGT either... it's not a bad investment option, let alone the security it brings as a family home. Plus, you'll be in the same boat as the people making policy decisions - always a good place to be.

Compare that with renting. It is lower risk up front, but you're paying much higher rates (rental yields are currently 5% or 6%) for life on an asset that will likely increase with inflation. You have limited security, and no clear option for retirement.

It would take a big enough swing in interest rates, rental yields/property prices and government policy (improved security and financing help for retirement) to make sense to rent for life.

There's a limited amount of good quality rental units, the problem is many young people may never have a choice, house prices go up every year, they may never have the chance to save up for a deposit and apply for a mortgage. There's was always a deal go to school get educated get a job buy a home if this promise changes many young people will never have children living in rental units is not ideal if the rent goes up every few years some country's have rent control and a well funded social housing system

We are in a housing crisis with not enough new housing units being built if the government does not tackle this young people will punish them by voting for sinn fein or a party that has a good house building plan

The government has created an artificial scarcity of houses by making it hard to get planning permission and insisting the houses are built in a very expensive way.

It's all a load of sh1t. They want people to work for 30 years to pay for a brick box so the banks have a steady income. There is no technical reason there can't be an abundance of comfortable houses in Ireland for less than 100k

As someone who rented in the Nordics before and Ireland, we really are at nothing here.

Over there, rent is a set amount based on the size of the unit and finish and location. You will of course pay more for a 4 bed house/apt in the middle of Oslo than you do out of the smaller cities.

They fix your rent from the start of the process so you know what you are going to pay at years 1-3-5. There is an option of review after 5 based on inflation. The LL has a responsibility to upkeep the property but as a tenant if you do work you can also claim some money back.

There is an understanding that the rent is only a percentage cost of the rent on your overall pay ( which is usually good)

Overall its a very simple and comfortable process, which gives some protection to both sides, you as a tenant have to keep the place clean and references are checked all the time.

Here, LL can put up the rent when they feel like it, if you live in a RPZ they just say they selling the house and then dont. You cant really force them to fix things or maintain the place, they in turn get taxed to the hilt to keep the property. Its a sh1t show here.

I say this as a LL also, and to be fair I have great tenants and I am good to them, painting a few rooms every year or two on request, reasonable rent which is around 10% lower than similar, 6 month visual inspections, I fix things within 5 days of notice.

Having a country where most people are owner occupiers is by far the best option. All this stuff about renting in other countries; that model just isn't as good as having a system where most people own their own homes.

The State getting out of homebuilding has not worked unfortunately, the Irish market has been a mess for over 20 years now, and some people have got rich, but many more have ended up being put through incredible stress. Really there has been a social emergency for at least four years now and the State needed to become far more active in the market, but I think a laissez faire approach is too engrained in our politicians, even at a time when people can't even afford to rent!

Protection for renters isn't really the answer, making the purchase of a house a realistic option for anyone who has a full time job is what's required.

While I don't like SF, who have delayed a united Ireland through a futile murder campaign, they're going to end up in Government almost solely because they realise that the Government have to take a far bigger role. FF and FG just have no sense of urgency at all about it, whenever they speak about housing it's fairly clear they're going through the motions.

Actually, might be selling up the Abbeyleix mansion soon !

Took the words right out of my mouth. As soon as you read the words Ireland inc you know exactly what we’re dealing with here. Fecking plebs, imagine the cheek of them, wanting the security of their own home !!

It's gas how heaven and earth can be moved for issues that affect a microscopic number of people here because the issues are 'trendy', but a basic thing like having a roof over your head? Naw, a bit of ineffectual nipping around the edges so it looks like we are doing something.

There has to be a point in whether the rents are going to become vastly unaffordable now to the verge of breaking point for most people at this stage. There is no way that this sort of stuff should be allowed to continue even if rent pressure zones are not making that much of a positive difference within the rental sector.

You're seeing a 10% percent increase in rent outside of the RPZ's at the moment. When you see those figures being recorded because of inflation. That is something clearly very wrong & must be addressed urgently. When you see these figures being passed onto tenants in this day & age; you would probably recognize that evolving situation on inflation is contributing very badly to a fundamentally flawed & broken system that has to be tackled right from the top down.

Even when Louise Phelan had said to her former PayPal employees that they should get over themselves when they are paying high rents all the time while they try to stay & work here. She is an individual that should learn that saying comments in that sort of manner to them should have unintended consequences in mind. She really has no idea how normal people unlike herself cannot tolerate to ever live in that elitest bubble of hers while they have priorities that are clearly more important to them at this point.

Even the housing minister has said on public record to the Sunday World today that rents for housing are still way too high within RPZ's even though they cover 76% of the country. The remaining 24% of areas that are not covered in these zones could have the 2% cap on rent increases per year introduced on a nationwide basis very soon to try and keep the private rents from going out of control.

As this would be a good thing to try & tackle the high rents in those areas of the country. How much good do you think it would be for tenants who live in them?

A term business knob ends use.

You’ve touched on something that isn’t focused on nearly enough.

Forty years ago it was very common to have households with just one income and property was still affordable.

Now there is no question of families being able to have just one worker if they want to buy a house.

This is what political elites across the western world wanted, it views people not working as a waste of resources.

It might sound Studenty, but the truth is working classes have been screwed over. Inequality has increased so much that working people can’t even afford a house now, that isn’t something anyone could have seen coming pre Celtic Tiger.