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

kupus

http://www.independent.ie/business/personal-finance/property-mortgages/get-over-the-idea-of-buying-a-home-says-paypal-boss-34809212.html

Hmm, it looks like that thinking is here to stay. Why should somebody own a home. Wouldnt it be better for a hedge fund to own it. you just pay rent for the rest of your natural life. your kid pays for their life and on and on and on.

why should you have the hassle of trying to get a bank loan, trying to save years for a deposit then paying housing tax on top of that. ANd isnt it great that these funds recirculate the money around. Instead of it just going to the bank for a mortgage.

I mean it couldnt possibly be in her interest that "probably" her pension fund finances these hedge funds to buy housing blocks.
Could it?

So AH what do you think of these people and their fantasy to own their own home

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Peregrinus

https://www.boards.ie/discussion/comment/118419772#Comment_118419772

I don't see why. If the Brexit campaign urges a vote for Brexit to keep dark-skinned migrants out - and they did, pretty much, urge exactly that - then voting as urged is pandering to their racism. The voter may have done so for other reasons but, as I say, your reasons for pandering to white racism don't change the fact that you are pandering to white racism.

[Deleted User]

https://www.boards.ie/discussion/comment/118419055#Comment_118419055

Poland is doing very well. I don't see why we should expect people to stay in this country. If they have worked and made their money, and now their home country is doing well, fair play if they want to go back.

same as many Irish did over the years.

That's the beauty of immigration, go, stay, whatever.

Mad_maxx

https://www.boards.ie/discussion/comment/118419432#Comment_118419432

That's an arbitrary interpretation

divillybit

https://www.boards.ie/discussion/comment/118385563#Comment_118385563

I agree with HerrKuehn here, people in their 20's starting into their working career need to be conscious that they will be looking to buy a place once they are in their 30's so they have a good 10 years to build up a substantial chunk of change. Once you get into the habit of saving as much as you can every month and investing it wisely it does grow into a substantial sum. I guess it depends on what people want to sacrifice though, if you decide to go travelling for a year in your 20's its a year of savings lost, which is perfectly acceptable of course.

personally I didn't do any of that, opting instead to work and progress my career. It worked out well for me and despite being on the average industrial wage I was able to buy my new build house without having to borrow much at all from the bank, and i didn't borrow from any family members either.

I do genuinely have sympathy for first time buyer's in the present market, particularly single people. I got lucky and bought at the bottom of the market when a recovery was happening in the economy after the 2008 housing crash. In the 6 years I have owned the house, it has effectively doubled (175k to 340k, Midlands town) in value based on what my next door neighbours house, who had bought at the same time as I did and has recently sold her house for.

[Deleted User]

If I had a missus and kids I’d 100% have a mortgage now.

Im lucky enough to be living with friends in my late 20’s paying 350 for an en-suite room.

I have no shame moving back to the parents if I need to. I earn 55K salary with extra 15k in bonus and overtime.

I just don’t think a mortgage is for me as ties me down and wouldn’t like living on my own

I might move to Europe or work or take a year off who knows

Peregrinus

https://www.boards.ie/discussion/comment/118414525#Comment_118414525

I don't know what they were motivated by; I haven't suggested that I do. Their action in voting for Brexit pandered to white racism; their motives for pandering to white racism are a separate matter.

[Deleted User]

https://www.boards.ie/discussion/comment/118417212#Comment_118417212

Whats the point of having immigrants here to "fuel the economy",if we/it cant provide living wage jobs and reasonably priced accomandation for them??

We have 2nd highest rate of low-pay in the oecd,and a housing situation bordering on farcial.....i know several poles etc gone home,here with 10 plus years,married kids etc etc and the rate of pay-rent and cost of living made it better for em to move home

These are people,who by every right should aspire to prosper here and gain home ownership/security of tenure that council houses would provide.....instead they are leaving,to be replaced by further waves of immigration,who will enjoy lower and lower qualitys of life here.......

build the houses/jobs before talking about wanting immigramts to ram in 8-10 in a house on min wage to line pockets of landlords in the guise of fueling an economy....its a fundamentally failed idea

[Deleted User]

https://www.boards.ie/discussion/comment/118417215#Comment_118417215

Or… he has an economic objection. The 4 pillars of the European Union are neoliberal concepts.

[Deleted User]

https://www.boards.ie/discussion/comment/118416929#Comment_118416929

Dunno if it is planned. Rich people and corporations run society though. Ireland has no real economic centre left party.

air

https://www.boards.ie/discussion/comment/118417215#Comment_118417215

Thanks, I'm really racking up the accolades today, A bigot and a racist, on quite a roll!

The population of the EU is around 450 million, Ireland is a small nation of 5 million people.

In theory there is nothing to stop say 1 million people moving to Ireland tomorrow and taking up residence.

I'm of the opinion that there should be some hard limits placed on freedom of residency such that the influx of new people each year is limited.

The limit should be to such a level that can be absorbed both by our infrastructure - housing, schools, roads etc. and socially, so as to avoid the creation of foreign mono cultural ghettos. Many of have been established all over the UK and Europe in previous decades.

Multi-culturalism has created many social issues across Europe to date and yet we think that we will avoid all these issues despite having zero policy in place to protect against it and a horrific track record in dealing with our own home grown social issues.

I'm a huge fan of the EU and the freedom it allows, and have travelled to very many of it's member states.

It's beauty lies in it's diversity and if we allow rapid mixing of populations between member states we will certainly lose all the vibrant languages and cultures within it which make it so great. We will just become another homogenous federalist monoculture like the USA.

air

https://www.boards.ie/discussion/comment/118417212#Comment_118417212

You didn't look very hard, here is a brief summary

In order to stay in another EU country for more than three months, EU citizens have to meet certain conditions depending on their status (e.g. worker, student, etc.) and they may also be asked to comply with administrative formalities

More detail on the EU's website

https://ec.europa.eu/info/policies/justice-and-fundamental-rights/eu-citizenship/movement-and-residence_en

There are zero of these "administrative formalities" in place in Ireland.

I disagree with your assertion that we need immigrants to "fuel the economy".

Our economic growth has bene relatively constant since the early 1970s and we had minimal inward migration for the vast majority of that period.

https://www.macrotrends.net/countries/IRL/ireland/gdp-growth-rate

It is well established that generally speaking immigration benefits the immigrants at the expense of worker in the native population.

Of the professions you mentioned earlier:

Doctors - A huge proportion of our medical places in both undergraduate and post graduate entry go to non national students.

The universities are particularly keen on non-EU entrants which attract much higher fee income. We have turned education into just another industry, largely to the detriment of society. These same non EU entrants have much lower academic entry requirements than native students which is detrimental to the quality of doctors that we produce.

We then go on to import doctors from many 3rd world economies, to the detriment of their own populations as they are left short of doctors. These same countries are likely to have lower standards of training than ourselves (how many of our brightest and best are going to these countries to study for example?) This together with language and communication challenges means these doctors are on balance likely to be less effective than a home trained local doctor.

Why don't we increase the number of doctors that we train to meet demand? There is no shortage of willing and qualified students that would like to study medicine.

Nurses - I would put forward the case that when the full life cycle cost of bringing in a non-EU nurse is accounted for, we would likely be better off increasing wages to increase retention of our existing domestic nursing profession. Nursing is not particularly well paid and any incoming nurse is likely to require housing support of some description.

Engineers - Wages have been almost static for the past 15 years or so, which aligns pretty closely with when inward migration really took off. Immigration has simply been used as a tool by which to keep wages depressed, the same as many other sectors of the economy.

FishOnABike

https://www.boards.ie/discussion/comment/118416902#Comment_118416902

The state with a decreasing tax base due to demographic changes will have to pick up the tab, either directly through social housing or indirectly through rent subsidies.

In short if the state doesn't do something to avoid the situation now it's totally screwed in the not too distant future.

If they do nothing now and nothing when the chickens come home to roost, increasingly desparate people will do increasingly desparate things. I hope it isn't allowed to come to that.

[Deleted User]

https://www.boards.ie/discussion/comment/118417619#Comment_118417619

And get that is not what he said at all

Markus Antonius

https://www.boards.ie/discussion/comment/118417259#Comment_118417259

Economic migrants are flooding into the continent and are being normalised as if they are asylum seekers. The poster was suggesting that this is to the detriment of smaller countries of Europe, which it absolutely is. That is not racist.

[Deleted User]

https://www.boards.ie/discussion/comment/118416332#Comment_118416332

The poster wasn't talking about illegal immigration. He was talking about all immigrants

Brian?

https://www.boards.ie/discussion/comment/118416332#Comment_118416332

That poster isn’t talking about illegal immigration. That’s clear. They are talking about curbing all immigration, including from within the EU.

I’m not sure it’s racist. It’s definitely small minded and possibly bigoted.

Brian?

https://www.boards.ie/discussion/comment/118415933#Comment_118415933

Freedom of movement does include freedom of residence actually. What rules are you talking about , you’re low on detail.

We managed without immigrants for most of history because the economy was in the toilet for most of our history. This is deluded stuff. The type of thinking that ended in Brexit in the UK, which is an unmitigated disaster.

We need immigrants to fuel the economy. It’s a fact of life

Brian?

https://www.boards.ie/discussion/comment/118415392#Comment_118415392

No we don’t. Some people on the left do.

you do some fierce generalising about “the left”.

Mad_maxx

https://www.boards.ie/discussion/comment/118416037#Comment_118416037

"Dogwhistling " is such a dopey term and is applied like snuff at a wake

BattleCorp1

I'm curious what happens in this fictional scenario.

BattleCorp earns €50k per year. He pays €15k per year in rent which he can easily afford. He does this for 40 years and then he retires.

Oh oh. BattleCorps pension is way less than he was on before he retired. BattleCorp's pension didn't do too well. He was unlucky that the stockmarket was down at the time he was retiring. His pension isn't too good. He now gets a pension income of €20k.

Poor BattleCorp, his income is €20k and his rent is €15k.

BattleCorp is Fcuked.

Seriously though, renting all your life is ok until you hit retirement age. Unless you were lucky enough to squirrel away a 'hape' of money into your pension and it performed well, you are absolutely screwed because you most likely won't be able to afford your rent. What then?

[Deleted User]

https://www.boards.ie/discussion/comment/118416037#Comment_118416037

What’s your opinion on the shutdown of travel last year? As a fairly hysterical poster on covid I’m sure you were strongly pro. Given this closure of travel has been set as a precedent I’m sure we could imagine get out clauses within the EU common travel area for other reasons. In fact we have those already.

anyway this thread is off topic. Will be be a majority renter society in the future or not? Is this a good thing.

Markus Antonius

https://www.boards.ie/discussion/comment/118414685#Comment_118414685

How is that racist nonsense? A desire for preservation of culture and a stable economy without it being under constant threat by uncontrolled, illegal immigration should be a perfectly valid standpoint to have.

Illegal immigration hurts legal migrants the most so maybe you need a rethink of what's "racist nonsense"

ancapailldorcha

https://www.boards.ie/discussion/comment/118415862#Comment_118415862

It's bog standard racist dogwhistling and anyone can see it.

air

https://www.boards.ie/discussion/comment/118414324#Comment_118414324

Freedom of movement does not include residency as you state, there are conditions which must be met to avail of residency.

I would suggest that these existing rules should be enforced in Ireland in much the same way as they are in other EU member states.

I disagree that we "need" large volumes of non EU workers under a work permit system, we managed perfectly fine without these workers for the majority of hour history, what has changed now?

LMAO, so we need immigrants to meet demand for housing that is brought about solely by immigration!

You sound like the kind of person that would add workers to an overloaded ship to help bail out the water rushing in over the side as a result of its having too many people on board.

air

https://www.boards.ie/discussion/comment/118414685#Comment_118414685

Racist? How exactly do you justify that?

Accusations of racism are often used to justify attacks on perfectly reasonable discussion of immigration policy.

I have never referred (directly or indirectly) to any race, ethnicity or nationality in this or any other discussion.

Mad_maxx

https://www.boards.ie/discussion/comment/118415191#Comment_118415191

The left oppose eviction under any circumstances here, beit mortgage defaulters or deadbeat tenants not paying

Brian?

https://www.boards.ie/discussion/comment/118415049#Comment_118415049

As I pointed out before. This is because the rental market is poorly regulated for tenants and landlords.

Mad_maxx

I wish Brexit hadn't happened but only because of Northern Ireland .

I reckon the UK will be fine outside the EU, it's their choice.

Mad_maxx

https://www.boards.ie/discussion/comment/118414968#Comment_118414968

In Germany a rogue tenant doesn't get to live on for two year's having ceased paying rent ,nor do they get to walk away if they trash the place.

No country protects delinquent tenants more than this one

HerrKuehn

https://www.boards.ie/discussion/comment/118414968#Comment_118414968

It will become much more common to have very long tenancies when individual landlords exit the market and most rentals are provided by large companies.