Irish Property Market chat II - *read mod note post #1 before posting*

@Housing99 'A person I work with is emigrating next month despite making 60k because she cant buy a house'

Why does she need or want to buy a single-family house if she is by herself?

She could get a one-bed apartment in Dublin on that salary.

Perhaps you are right about the way people will vote....but sinn fein won't achieve any of that if they are voted in imo......hurlers on the ditch at best imo,

They may (I fact I think its highly probable) make the situation worse although the incumbents are such a shower its hard to see them deliberately adopting inflationary/counterproductive measures...

I think its a runaway train at this stage and FG/FF know it and are attempting the hospital pass so they can watch SF shoot themselves in the foot and get back in next cycle when people are out for SF blood ...

That's the issue though - renters in Ireland don't have a high standard of living. It's a mess, we have completely run out of (available) accommodation in most of our country.

The situation has made an awful lot of people feel like they're locked out of having a stake in society.

I agree an alternative government could be much much worse overall, but we really can't act surprised when they're voted in at this point.

Wether we like it or not, renting is temporary in this country, its not secure, its expensive, and generally its of a poor standard. If you trap people in that mess ... they'll eventually say screw it, and vote for chaos.

You forgot the bit of farming you do too, extra added hardship that trinity couldn't even compare to. 3rd level education (3rd level degree myself) is just another new enslavement and money racket, all to feed the college industry. NUIG building huge college campus accommodation and charging 1200 a month, crazy stuff.

People literally spending arms and legs in college, comming out with alot of degrees that are basically not worth the parchments it's printed on, and a job in dublin on a graduate scheme for **** all. If I could do it all again I would take a trade, work around home where I grew up and shuffle with sheep and cattle just for the added hardship.

Well funny enough I done fairly okay out of my degree as I have a role in my work that allows me to base myself out of the North West even though its a dublin job, odd meeting maybe once a week in dublin but I have a company car so that isn't really a problem. I was lucky I graduated in 2015 and got in at the right time college now is off the reterscale so I can see the disgust from the younger people.

As regards trades I still feel all the years I spent grafting paying crazy rents in dublin in order to luckily get the role I'm in down was the greatest waste ever and I would have been way better off for all those years if I had a trade and worked around home.

"I married when I was 29. For two years before that both me and my wife saved very hard to put a deposit in place" -> this is impossible today for most. Utterly impossible. No matter how hard someone works to save. And that's just saving a deposit in 2 years, never mind paying for a wedding!

"There is an expectation now that you can have after 4-6 years working that took a different generation 10-12 years" -> this is patently false, look at home-ownership rates for 30-somethings in this country, the majority of whom have a decade+ working. Never mind that home ownership in early-mid 20's was far from unheard of for your generation, even for modest earners.

It is, once again, so demoralising to see that, for you and many of your generation, your view is essentially that you were 'hardier' than the generation(s) that followed.

I do not think we were hardier. People on threads like this compare there ability to buy a house with someone 40 years ago. They have a presumption that it was easier. It was not.

Yes we saved hard for two year. However we had a deposit before that and wages to buy a three bed semi in Limerick city. After all I had both being working since our teens. We saved hard to give us a different housing option basically to buy a site and build a house. But at that stage we had nearly twenty years of being in the labour force fulltime between us.

People now leave college many with a useless pie e of paper at 23, many have to spend another 2+ years either getting a masters or doing professional exams. They do not start to earn until after that.

I always think the problem nowadays is that sex costs nothing. 30+ years ago of you wanted regular sex in a bed you had to be married and more have a house. You did not drift through your 20's you worked all through them years.

What fundamentals in the housing market will change with a change in government?

Demand will remain the same unless there is some policy change that results in job losses and if that happens I won’t make the assumption that it will only impact people that have immigrated to Ireland for work. It will impact everyone.

unless the new government can create extra labour and capacity to build houses there will be no additional housing built. All that will happen is more of one type of housing will be built and less of another. E.g. more social housing will result in less private houses for FTB’s

If you paid 85k over nine years that an average of 800/ months. It's sounds highish for the period you speak about

The problem is we have regulated LL out of existence. If you had a house that was free for 6 months to 2 years and in good condition you would be crazy to rent it.....even to someone you thaugh you knew. That is aside from overhead commercial and former commercial premise's in smaller urban centres.

There an old saying ''hard cases make bad law''. That is the way regulation works in this county, we regulate for hard cases.