Following on from
this thread
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The country is in a bad way. Look at this poor fella:
We are told if we work hard we will reap the rewards. A modest home of our own is getting further away. A reasonable rent is too. Our retirement is in danger. Seems to me the system doesn't work for the average working person. So, of course, the average working person has to make sacrifices. This would be fair enough were the ones setting policy not suiting themselves and looking after 'their own' on our dime.
Politicians with a few pensions for life, after a few years work with expenses, should really go **** themselves IMO.
I thought a compulsory pension plan was being rolled out for every citizen in the next year or two? If they get that up and running properly (perish the thought) that will definitely go a good way to defusing the timebomb
I drove to Navan yesterday for work. Despite being in Mordor, Navan is a fine town.
My job is based in Dublin for about 80% of the time, but I could be anywhere in the State otherwise. My partner's job is unremoteable and is niche enough that roles are hard to come by.
Now say we were one of those unfortunate couples who were desperate for housing, we could move to many places on foot of our salaries. But alas, we'd also not be able to stay in our jobs.
This fundamental problem that blanch doesn't get is that the houses are not where the jobs are. And people don't want to move to Edgeworthstown just to have a roof over their heads.
We have an allergy to good quality housing in any sort of density, in places that people want to live with infrastructure to support it.
We should aspire to having Freiburg's everywhere in Ireland.
My God, but hardly surprising given how out of touch he is, he also thinks everyone on SW entitled to Fuel allowance and of course one of those telling folks to pop into their nearest SW office for a few bob if they are stuck, it's just beggar's belief
But I thought the solution was already here. Importing low skilled labour to do the jobs Indigenous Irish people will not. And obviously they will not avail of a pension in the end. There is no thought to a root to branch solution. What kind of jobs need to be created what skills will be needed. Have you been into most MCD's there automated these jobs will be shed. Like so much with the coming automation and big AI.
A big part of the problem is people not understanding how the state pension system works and far too many honestly believe they are paying into some private reserve for themselves when in actuality their PRSI from today is paying someones pension tomorrow.
I dont see any way to fix this beyond pushing everyone into a private pension scheme.
The back pocket is full of magic money trees
I will literally hit retirement age in 2050. I will hopefully be long finished by then, but I'm with you. For something so far away, they sure as hell can't manage to take the sting out of it.
Then again we'd rather give the OAPs an extra fiver in October than plan for the long-term.
The fact he had to be told and didn't seem to know that not everyone who is struggling has a medical card was telling.
I cannot comprehend the ignorant shortsightedness of this decision.
Of course not one politician in favour of it will be in office when the time bomb this is creating will go off.
By 2040 we will have gone from a worker to retiree ratio of 5:1 currently to 3:1 and then 2:1 by 2050. There is literally no possible way to keep the current pension system going in such a situation but there isnt one politician who will admit this or is even trying to find a solution.
Get 3bn out of MM's other back pocket.
I think the Answer is obvious 😉
That would be neither here nor there at that price. The headline is that everyone should trundle around the country to acquire housing. A house is a house is a house according to Blanch.
If I meet him over the weekend, he'll be even more agitated 😉
I'd say more political reality. Politicians are always focused on the next election, and nobody is going to make any gains there by tackling the pension issue. Let the long term take care of itself is always the atiitude...
Why are you going to such lengths to try and prove that there's no housing crisis? Honestly. It's bananas.
You think in the middle of the housing crisis that would not have been snapped up. Or would their be a reason no one has.
You can get a two-bed apartment in the centre of Navan for less.
I wager that's a bit of a commute to Dublin. Is cork not well outside the commuter belt.
Don't know about that, the opposition have had the same policy for years without saying how they will pay for it.
It's not the only one available at that price.
Sean Fleming getting agitated on Drivetime. I imagine some government TDs and Ministers cannot wait for the summer holidays.
More political cowardice. The pension age needs to increase and the level of benefits paid to pensioners needs to reduce - everyone knows this, just none of em have the balls to do so. the current situation is beyond unsustainable at this stage
While being in government seems likely in this term, hes a disaster as a politician. They could have Harris there and he'd serve as a place keeper, which is all varadkar is. They would be wrong to dump him now but I've a feeling MM will dissolve the partnership once his go is over.
My take is that the left won't easily buy into SF hijacking all of their agendas. Most of these parties don't like each other and SF would have to soften their stance on things. That immediately causes problems for them. Additionally Indos are notoriously unpredictable in their demands, unless they happen to have FF/FG genes.
For a party like Labour there may be other options. I also think there is more hope of success in my newly-formed under 7s winning a league than such an arrangement making it even 12 months.
My main and genuine concern is the actual quality of government ministers. SF could muster maybe 4-5 decent quality ministers but the rest of the left would be lucky to get a handful between them. Then there are the potential policies...
They can't put up the welfare as they already gave 3bn away before the budget.
As I said the larger SF become the less attractive they are as a government partner to other parties.
That's your read but I don't buy it. IMO if the chance was there for SF to form a government without the involvement of FG or FF there would be a massive onus on all sections of the left to row in. Think about: if you're the Labour party with three seats and an uncertain future, would you not jump at the offer of a ministerial position and the chance to serve in a 'true left' government?
On the other hand if SF fall short of those numbers the pressure would come on FF to facilitate them. As I said above, would FF really want to put a jaded FG back in power when SF are after reciving a massive 'mandate for change'...
Back of a pad calculations, just rough and approximate....
Average yearly salary is €44,202 PA
Assuming Maximum borrowing @3.5 gross salary = €154, 707 can be borrowed but deposit requires (10%)
Okish so far
Minimum Deposit (10 %) €15,000
Assuming 2% mortgage rate, payment roughly €578.00 pm but realistically ongoing expense would be €638.00 (Figures approx)
Gross Monthly Salary €3683.00 (not sure what net would be)
Net Mortgage cost. €638.00
So yes at a basic level this would be manageable but this assumes the property will actually sell for €150k (it won't)
Obviously buyer might have a bigger deposit.
This assumes absolutely no improvements required (Unlikely)
And of course doesn't factor in property Tax, Insurance etc.
But of course it also assumes the buyer is actually getting the Average industrial wage, which of course you know full well, many don't.
So at a basic level and I'm not sure why your obsessing about a handful of reasonably priced houses in locations that will suit less than more potential home buyers, this property, May be affordable but it may not and location a big factor.
Looking a base price of a cheap house is really pointless unless all the variables considered and the fact remains, wether you'll accept it or not the availability of affordable homes or indeed any homes is extremely limited.
Seems Fianna Fail have gone back to their populists roots. They were about increasing social welfare by €15 and now no increase in the pension age. They've probably forgotten that they bankrupted the county before by making populists decisions. Also, who's going to pay for this, probably the squeezed middle again.
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