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

Bass Reeves · 18-04-2023 11:43AM

https://www.boards.ie/discussion/comment/120491041#Comment_120491041

Dublin was always like that people moved up there in there early mud twenties and after 4-5 years decided I have enough of this.

At present people forget that there was very little travelling during COVID. Because of that there is people who would have travelled for the past 3-4 years now deciding to travel. One thing I notice is that many have got 6-12 month career breaks from multi-nationals especially to entice them back.

On career breaks there are an advantage and disadvantage. My son went away nearly six years ago now. He had a permanent position. He was gone four years. If he had not got a career break I doubt if he would have come back

Probably the length of five years is too much. 30-36 months might be more appropriate.

18-04-2023 12:05PM

https://www.boards.ie/discussion/comment/120491200#Comment_120491200

So they would have to take any job available, or face the penalty?

fliball123 · 18-04-2023 12:07PM

https://www.boards.ie/discussion/comment/120491298#Comment_120491298

Take a job that their qualification allows them to work in as they get experience they can apply for other roles and yeah let them face the penalty as apposed to the tax payer, they get the education they should pay for it.

Villa05 · 18-04-2023 12:34PM

https://www.boards.ie/discussion/comment/120490729#Comment_120490729

It's from certain posters deflecting from the main points, creating narratives and noise when they run out of a valid argument. It's not all teachers that are heading off to Dubai after we have invested so much in educating them.

Jonnyc135 · 18-04-2023 12:42PM

https://www.boards.ie/discussion/comment/120491160#Comment_120491160

There's a huge difference between a what a 20-something thinks about and what the 28-35 age group thinks about.

Most in the age group I stated still based in Ireland would have housing costs as their number one priority.

Villa05 · 18-04-2023 12:42PM

Any of ye see the video on twitter with what appears to be a landlord using an electric saw to gain access to property and threatening the tennant and his family with the saw. Tennant is claimed to be a doctor

Not posting, u till its validated

combat14 · 18-04-2023 12:46PM

good news at last

ECB to stop hiking in July 'but only after three monthly increases in a row'

https://www.irishexaminer.com/business/economy/arid-41118607.html

DownByTheGarden · 18-04-2023 12:50PM

https://www.boards.ie/discussion/comment/120491454#Comment_120491454

I would agree with that.

Couldnt wait to move to Dublin in my teens. Had a great time between living in Dublin city center and other world cities until i hit my mid 30s. The closer i was to the city center the happier I was.

Spent the rest my 30s figuring out how to get out of living in Dublin.

Could never imagine going back to Dublin city center now. However ive been in a few cities that i would happily move to for good. If I could.

mcsean2163 · 18-04-2023 04:43PM

No sign of an increase in supply, still below January. Looked at house in enniskerry.

https://www.myhome.ie/residential/brochure/ashridge-green-monastery-enniskerry-co-wicklow/4692225

the talk was that it was best to knock an rebuild. So €790k for a site on which the former house must first be demolished? I'm in the wrong business 😭

I don't understand the 1.7 acres, maybe the driveway is .7 acres?

BlueSkyDreams · 18-04-2023 05:06PM

https://www.boards.ie/discussion/comment/120490362#Comment_120490362

If you can afford to live in Dublin and are young, its the best place to be for most. Far and away the most vibrant place in the country.

But, and its a big but, teachers just cant afford it.

We should have a weighted salary like london does. Not just for teachers but for all essential workers living and working in Dublin.

On the flip side, teachers/nurses etc should have to pay their fees back, unless they have worked for X number of years in Ireland.

Its wrong that people are getting the free education, knowing that they arent going to stay in the country.

If you are being given free qualitifcations, they should be paid for, either through time served or money spent.

18-04-2023 05:09PM

https://www.boards.ie/discussion/comment/120492668#Comment_120492668

That is a subjective viewpoint in relation to Dublin. People from there think it is all things to everyone, people not from there may think it is somewhere to work for a while, then move on.

I really don’t get why people think college fees should be repaid if the student leaves, it’s just nonsense unless jobs are guaranteed at the end of your studies, or you force all graduates to take whatever jobs are available, wherever they are available. Employers, including the PS would base wage offers on the fact that if the graduate refuses the job, they would have no option but to emigrate and pay back their fees.

It would also rightly be argued, why should some graduates be forced to repay fees and others not?

In relation to Dublin weighting, you know well that employees in Cork, Galway, Limerick etc will argue that it is just as difficult to live in those cities as it is in a Dublin, so why should Dublin employees get more? I’m not saying they deserve it, but that is what will happen.

fliball123 · 18-04-2023 05:29PM

https://www.boards.ie/discussion/comment/120492685#Comment_120492685

https://www.boards.ie/discussion/comment/120492668#Comment_120492668

I agree with most of what your saying bluesky with the exception of the Dublin weighting PS pay is already 20% higher on average than the private sector, maybe we could lower wages in other less effluent areas.

Dav all viewpoints on here are subjective

BlueSkyDreams · 18-04-2023 05:47PM

https://www.boards.ie/discussion/comment/120492685#Comment_120492685

Dublin being more vibrant and having more events, nightlife, entertainment, restaurant options than anywhere else in the country isnt subjective, Its a fact.

Where I agree is that Dublin is not for everyone and some people prefer quieter places, which is all good.

Horses for courses and all.

I think you are right that Limerick, Cork and Galway would complain if we introduced Dublin weighting, but so too did Manchester, Leeds and Bristol when London got it :)

Dublin is still considerably more expensive than any other irish city to rent and property prices are much higher.

As of Q1 2023, Cork, Limerick and Galway counties all have average house prices under 300k.

South County Dublin is over 600k.

More than twice as expensive!

There is no comparison in the cost between Dublin, especially south east Dublin, and the rest of the country.

I think its fair enough that people working in these areas get some additional support to provide public services.

We should also remember that a lot of property tax is diverted from Dublin to fund the rural counties and so you can well argue thar Dubliners arent getting the services they pay for. Dublin weighting would go a little way to addressing this.

Viscount Aggro · 18-04-2023 05:49PM

https://www.boards.ie/discussion/comment/120492563#Comment_120492563

I know this house.... owned by the Cross (pens) family.

It would make a good investment, one could subdivide the site, get planning for another house.

Villa05 · 18-04-2023 05:50PM

The property market "innovators".

https://twitter.com/IrishTimes/status/1648333211833966592?t=-Fo1-mLWzjRcxmA8bJtMTg&s=19

BlueSkyDreams · 18-04-2023 05:52PM

https://www.boards.ie/discussion/comment/120492745#Comment_120492745

In general yes, but if we are talking specifically about core service providers, teachers/nurses etc, and i include bus drivers and binmen here, they may well still be struggling and the cost of housing in Dublin is so much higher than everywhere else.

How much does a bus driver earn vs a teacher actually? genuine question.

timmyntc · 18-04-2023 06:44PM

https://www.boards.ie/discussion/comment/120492787#Comment_120492787

Ah here, comparing the entirety of Cork, galway or Limerick with only south dublin - well known for being the most expensive part of the country!

kippy · 18-04-2023 06:49PM

https://www.boards.ie/discussion/comment/120492802#Comment_120492802

I honestly don't know how folks on minimum wage manage to rent or live in any of our major cities currently. While it is possible bin men and drivers are on more than minimum wage I would doubt it is significantly more than it.

Really hoping to see some level of building happen in the locality I am in in the next 6 months. There's planning in for a number of estates and planning approved for a considerable time at this point for a couple more but no sign of building beginning. It's beyond a joke the current situation and there really isn't any sign of affordable housing for anyone where it is most needed.

BlueSkyDreams · 18-04-2023 06:57PM

https://www.boards.ie/discussion/comment/120492957#Comment_120492957

Even West Dublin is over 350k, so the cheapest part of the capital is still 20% more expensive than the other cities.

And once you go south Dublin you see a huge jump.

And these are big population centres, bigger than Cork City in their own right, its not just a smattering of millionaire homes in Dalkey :)

it really shows there is very much a 2 speed economy when you measure south Dublin in particular, against the rest of the country.

Thars really why I sat there should be some supoorts for teachers etc.

Judt doesnt make sense to pay a teacher in Lietrim or Mayo the same as one in South Dub, when the houses are 3 or 4 times the price.

BlueSkyDreams · 18-04-2023 07:00PM

https://www.boards.ie/discussion/comment/120492971#Comment_120492971

Yes, good points Kippy.

Is it in Dublin you are waiting on the developments?

I have to say, there are a lot of apartments in particular under construction at the moment. Obviously not enough, but every mile or 2 in Dublin you see cranes and apartments going up.

Cherrywood and Sandyford in psrticular have a lot going up.

PokeHerKing · 18-04-2023 07:20PM

https://www.boards.ie/discussion/comment/120493000#Comment_120493000

I can't imagine teachers in leitrim/mayo would be happy to take big pay reductions though.

Increasing PS pay in Dublin would just fuel house prices. Holding London up as some sort of positive example is lunacy.

It's worse than Dublin in every way that's being discussed on this thread.

kippy · 18-04-2023 07:57PM

https://www.boards.ie/discussion/comment/120493014#Comment_120493014

Outside Galway city. The city itself is in dire need of additional housing but the commuter towns even more so I would say. People are being pushed further out from the city due to pricing which leads to all sorts of knock on problems down the line.

BlueSkyDreams · 18-04-2023 07:59PM

https://www.boards.ie/discussion/comment/120493093#Comment_120493093

The weighting isnt lunacy. Its an additional fund that supports the cost of living in a city more expensive than the rest of the country.

If a teacher is on 45k in Mayo and it costs 800 euro a month to rent an apartment, thats affordable.

another teacher on 45k in South Dublin where it costs 2000 euro a month to rent an apartment.

thats unaffordable.

Until supply catches up with demand, which is realistically 5 or 10 years away, we need to pay those teachers and key public servants more, in order to provide services to the public.

There really isnt another choice and the current fiscally motivated exodus of teachers is leading to poor teaching standards for our kids.

mcsean2163 · 18-04-2023 08:03PM

https://www.boards.ie/discussion/comment/120492795#Comment_120492795

That's interesting. The EA said it one of the first timber frame homes 1970s and was very forward looking but my sense was that it might be coming to the end of its life cycle. They seemed to think a knock and rebuild was the way to go. There were some impressive looking solar panels on it🙌

I guess for someone looking for a family home it was a bit disappointing as it would then work out around an extra €700k at €3,000 per sq/m. Maybe you're right, split into two, sell original and use proceeds to build on the other site but I thought planning was hard to get in Wicklow. Also could be issue with access road?

18-04-2023 08:05PM

https://www.boards.ie/discussion/comment/120493230#Comment_120493230

The teacher in Mayo may argue, with some justification, that he/she is being paid less for doing the same job, to him/her, that may seem unfair. Also, the house bought by the Dublin teacher may increase in value more than the house in Belmullet, so the Mayo teacher will be doubly pissed off.

Timing belt · 18-04-2023 08:08PM

https://www.boards.ie/discussion/comment/120492957#Comment_120492957

Was about to say the same thing….

18-04-2023 08:13PM

https://www.boards.ie/discussion/comment/120493000#Comment_120493000

Just searched Dublin 5, max price €350k, min beds 3 on myhome.ie and its returning 11 houses. Some of them are really D5 adjacent, but still in the vicinity.

Not huge numbers but there are affordable properties with good bus and dart connections to the city.

BlueSkyDreams · 18-04-2023 08:14PM

https://www.boards.ie/discussion/comment/120493262#Comment_120493262

I am talking renters though.

Agreed that someone getting on the property ladder in Dublin will be better off in the long run because prices will rise higher in the capital vs Mayo etc.

But if youre only renting, you have nothing to show for your money long term.

Its the same logic really as a pint costing 7 or 7.50 in Dublin but only 5 or 5.50 in Mayo.

The cost of everything is higher in the capital and private sector salaries are generally higher to compensate.

but the same isnt the case in the core public sector and thats a real problem. considering the housing crisis especially.

PokeHerKing · 18-04-2023 08:17PM

https://www.boards.ie/discussion/comment/120493230#Comment_120493230

And yet people on less than that get by in Dublin.

Teachers are paid well for their workload and hours. A blanket 20% increase to Dublin PS pay would only add to inflation and house/rent prices.

Government building houses would be a much better use of funds.

BlueSkyDreams · 18-04-2023 08:20PM

https://www.boards.ie/discussion/comment/120493293#Comment_120493293

But the average prices are much higher in Dublin than everywhere else.

There are plenty of 3 bed semis in South Dublin that are 750k and upwards

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

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