What Will happen when Generation Rent Retire?

Did you open your eyes and see the amount of immigration in Dublin city. Have you been following how many refugees are coming in over the last month.

How would that not have a large impact on the demand exactly?

‘’April 2020 - April2021

More people arrived than left

A breakdown of the figures shows the number of immigrants to the State in the year to last April was estimated at 65,200, while the number of emigrants during the same period was about 54,000, showing more people arrived than left.

Irish nationals accounted for 30,200, or 46.3%, of the 65,200 immigrants to Ireland – the highest number of returning Irish nationals since 2007.‘’

Not at all. The housing crisis is f*cked up and of course there will be huge crisis of retired homeless people in 30/40 years

Wow just wow. Blame the people who cant afford to pay rent for low pay and high rents 🙄

The thing is buying a house was always expensive. Ask anyone that has ever bought a house and they will tell you it wasnt easy and involved alot of saving and sacrificing. To both myself and my husband owning our own home was our most important goal. To do this we sacrificed nice clothes, holidays, nights out - all the luxury extras in life in order to have our home. This point is missed by alot of people - they still want the nice cars, designer clothes, holidays and mini breaks and then complain that they cant save and buy a home. Im in my early 40's and have several friends like this - they earn good money but waste it on stuff they dont need and then moan about how hard it is to buy a property.

If you cant afford to buy in Dublin then get out of Dublin. There is also nothing wrong with moving back in with parents to save - get over it and do it.

I do feel sorry for anyone on a low salary that is renting - anyone in this situation should avail of all the supports there is out there.

How do you think people get to afford high rent in the first place?

Aside from having rich parents, doing crime.

What advice would you give to a person with ambitions to live in Dublin and own their own property? Say your 21 year old son or daughter asked you.

Follow the right career path for you, stay on that path and wages won't be the issue.

Today we've brought up a whole generation who are the most entitled in history. A lot of gig working jumping from this to the other. Years and years being spent in College. Less career stability out of choice. Too proud for some things.

Take one look at LinkedIn.

How many 'Senior' this, 'Chief' that do see on there from people in their 20's?

All bullshit for the most part.

I mean, one look at LinkedIn and you'd be forgiven for thinking that the whole lot are supremely gifted and minted leaders with big titles by their early 20's.

I mentioned trades as an example. Lots of working class trades men have always done really well for themselves in the end because there is money in a trade.

But you wouldnt know it by how the middle go about things (at least 90%) who are too good for that.

Snobbery.

Civil Service?

Solid income job fairly sharpish, pension, job security.

Don't want to do that either. Too boring.

(Harder to claim you're Chief of this that and the other too id imagine)

You could go on all day.

Lack of career stability is a serious issue, which directly effects income, driven by people themselves. They choose to stay in college too long or they are jumping in and out of whole different career spaces.

And then they find by the time they are 30 they've nothing saved and are living at home with not a good income.

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Realistically though what do you do about high rents and low wages?

Regarding low wages, employers will always try to pay the market rate, or below it if they can. If you improve everyone's wages, this will cause inflation and push up the price of goods and services leaving even less money available to pay rents. The idea of everyone being paid a good wage is all well and good, but people aren't willing to pay the cost of these pay rises in the goods and services they are purchasing.

Regarding the rents, they are high because it's a supply and demand situation. We have a shortage of suitable rental property. We need more properties coming on stream. That's absolutely the only realistic solution to getting the price of rents down. Who will build these properties? Who will pay for them when they are built? Will the cost of them when they are built be such that a low rent will be feasible? We are in a situation where it's nearly impossible for builders to price a house before they build it because the costs of materials, energy and labour are increasing so fast.

Housebuilding is about to slow down because it's getting very costly for builders to build and there's no point in builders building expensive properties if nobody can afford them. Throw in inflation and interest rate hikes and mortgages are going to get very expensive.

Here's some mad brain fart solutions.

The Government should go back to building social houses. Each County Council should hire the necessary skilled people and get building these houses. That would stop the Councils outbidding people for houses as is currently happening.

There should be ridiculously good tax incentives for builders to build properties that will cost Joe Public between €250k and €300k. Obviously these won't be built in Aylesbury Road etc. but you get my drift.

Allow a tax incentive to small landlords (3 properties or less) who rent out a property for €1000pm or less so that they pay no tax on this income. This might encourage small landlords to stay in the market.

Anybody else got any wild suggestions?

If you are 21 and want to live in dublin and buy property you.ll need to get a job that pays pays a high salary, and hopefully buy with someone else as a couple ,

Start a project charity self build Co op eg people work 3 days a week to build their own house for people on lower incomes under 30k on site provided by the local authority they still have a mortgage to pay but its like 150k over 30 years they do it in America plumber's and electricians have to put in wiring pipes etc and theres a few pro builders on site to help

There was an episode of grand designs about this it's on YouTube

I think the city council would always pay contractors to build houses apartments the difference now its more expensive to build anything especially in dublin where land is expensive

The problem is if the Council start building houses they will take labour from developers. I definitely would not have the council directly building houses as they would be totally unable to manage the projects or the labour. Productivity would drop substantially compared to private developer sites.

You are back to gettoization of part of the population as well. Even if the LA's use builders to build houses they will slow the process down by there slow decision making.

You have a good few problems with people SF building. First if all every body would need H&S as well as manual handling courses. The idea that Tony the barman or Sally the hairdresser can lay blocks or put up a roof is fairly stretching it. Even the inside all's such as internal joinery or tiling is a skilled job.

Ya you would have 1 in hundred people that might be able to do it. The problem on sites is not so much unskilled as skilled labour

It is but it takes 2-3 years before an apprentice get productive. As well it's hard to get younger people I to the trades at present and harder to retain them within the industry

Ignore the discussion about lazy and you will see the issue. It's easier to spend 3-4 years in college than in an apprenticeship.

Just as an example know a lad locally that trained as a plumber and has gone nursing. Another lad a fitter and is in a factory.

There is a shortage world wide of skilled construction workers. That will not be resolved any time soon. Traditionally children mostly followed there patent career paths to an extent.

Locally there is ten to twelve skilled trades people I know off the top of my head. Of that twelve only one has gone away and done an apprenticeship. He did fitter and is not working in an MNC in that trade.

Well it might be simple in theory but I wouldn't want a handy man building my house.

Quailty would more than likely be shite. I had a lads just put in windows for me and they made a complete shite of it.

Another fitter came back from same company. Fitted everything perfect.

Said first bunch of lads were giving the boot.

And that's just windows.

I really dont know what your talking about planning permission being easy to get. Its extremely hard to get and is usually localised.

Its all very well saying doing nothing is not an option. However we have to be realistic. Most people want to move into finished houses. Nobody will spend virtually every day off for 2 years working on a house so as that they can reduce the cost of it.

When Tom the barman's house is finished will he continue to lay blocks on Mary the hairdresser's. Will Mary mix the mortar or hand the blocks up to Tom.

This idea that tiling or painting is easy is grand and true to an extent. Laying blocks is a different kettle of fish