Where is the cost of living crisis exactly?

Nah, you way over thinking it. Most home owners don't see their home as a commodity, they see it as a home, an extremely expensive bit of kit that costs a fortune to run and maintain. The idea they are on the pigs back is nonsense.

The very act of committing to such a financial burden means you have immediately limited your choices, I imagine that extends to "social leverage", whatever that actually means.

Of course none of that has anything to do with the challenges in the market at the minute, a market which is cyclical, wasn't that long ago we were bulldozing housing estates and people were financing 60%+ negative equity homes.

...again, you need to define the term, 'pigs back'?

again, most are feeling the cost of living crisis, including current home owners, but we re not all feeling it the same...

many non asset owners, are frantically doing everything they can to get access to these markets, trying to save as much as possible, while still trying to survive right now, you ll find most current asset owners, in particular home owners, are not frantically trying to save for such a purchase, as they already have done so, i.e. we re not all experience our current situation the same....

again, this gives current asset owners, i.e. home owners, a major step up, as more of their income can be used to accumulate more assets via pension plans, and other investments....

again, 'security of accommodation' is a critical human need, and current asset owners, including current mortgage holders, are potentially closer to achieving this requirement, but of course theres risks involved...

whats happening now, is that younger generations are being pushed further back with achieving common, and sometimes critical life goals, including child raring etc, this is in fact critical in maintaining a functioning society and economy, for all, including for older asset owners. one such critical need is being able to provide adequate elder care for such asset owners, i.e. younger generations are required for this, but if they are unable to provide themselves with such critical needs, i.e. security of accommodation etc, it is very unlikely they ll be able to provide us asset owners with our critical needs, in old age.....

In the current market selling the family home would not be an option for most people.

I would suspect cost of living crisis is not seen by those who have far more disposable income than they need.

In the two decades since I graduated from university, there has been nothing that comes anywhere close to 2022 as regards inflation. This is definitely a shock to the system.

Three examples.

ESB Bill is routinely 50% higher than it was three years ago.

Cost of holiday accomodation (holiday home) - was paying circa 700 per week three years ago, now 1000.

Mortgage has just gone up 100 per month.

Then there are all those little charges. Getting a bike repaired, getting a new radiator put in. Things that used to cost 80 euro all now seem to cost 200.

both are a part of the same argument, as the cost of housing is also still spiraling out of control.....

...and now we re starting to play with words....

have rents and mortgages gone up or down, in recent months? has the cost of building gone up or down?

This was a week ago? Or was it 10 years ago?

A lot can happen in ten years.

A lot can happen in ten years.

Bingo. 👍️

If you have to sell you have to buy.

The best time to sell your family home depends on when you bought it and the current market conditions.

True, if you need to sell, you have to buy, BUT at least one has a property that has appreciated in value to sell in the first place.

An FTB has no such property to sell, so it's extra hard for them. Hence the points being made.

Nope, less variables in a first time buyer who has secured a mortgage.

The rules are robust around lending, they needed to be after the cluster fúck of the celtic tiger.