Life passing by people in their 30s

I would argue if we need to bring people in to do it we shouldn't want these types of jobs in Ireland

Tech is largely responsible for whats happened in housing in Dublin. Irish people become nurses, teachers, gardai, accountants, etc. We mostly study arts and business in college. Now we have priced the majority of our graduates out of their home city because the globalised recovery we had passed our own by and has made the graduates of New Delhi the new home owners in Dublin

What we need is decent jobs that pay a salary that can buy homes in Dublin that most Irish people can qualify for. A new business in an area should mean jobs for locals, now in Dublin it means gentrification as the local people are squeezed out

I'm going to hope all this blatant racism is just hilarious trolling.

You haven't a breeze.

You live in a world where you think that because you can get a loan of 400k, you can outbid the fella who can only get one for 380k and then you should expect to be able to rent it to him and have him cover all your costs so that you end up with a free house. And if he can't afford it, then presumably the taxpayer can come to his aid via HAP or similar. What you never seem to stop to realise is that if the person with 420k uses similarly stupid logic, then they should be able to outbid you and pay 420k for the house and have the 380k man pay sufficient rent to cover all their costs. And then the person who has 600k can come along and blow them all out of the water and pay his 600k, and have the first man pay enough rent to cover all the costs.

You put no money anywhere. You simply get access to other peoples money and rent-seek, adding zero of value.

You talk about buying stock, but have zero experience of equity markets. Good luck with taking out a loan to buy stock and hope that the dividends cover all your repayments - capital and interest

People give out about those on SW being scroungers and leeching off the backs of others. They are looking at the wrong end of the spectrum.

There's a thread on here about Huge Salaries where we talk about posts in the askaboutmoney Money Makeover forum. Here is a recent example

https://www.askaboutmoney.com/threads/advice-for-couple-in-their-50s-with-disposable-income.233031/

A couple of in their 50s with 3 children, SAVING 110k PER YEAR, paid off house worth 800k, recent renovations which cost 300k "very generous health insurance" from employer who also will provide a defined benefit pension of 84k per year. And yet, the poster didn't know about the small gift exemption from capital acquisitions tax.

Numerous similar threads on AAM. Also from Revenue stats, the number of taxpayer units earning 100k+ has increased by 40% from 2018 to 2021. Is this indicative of what is happening in "tech" and the multinationals and how is it impacting on the property market, not just in Dublin either as these are also the sort of people who may be able to work from home and buy a house in a rural or scenic area, what chance would locals have of competing with that purchasing power,

Also. I was watching The Today Show (tripe) on RTE today as as well as some rubbish about the gender pay gap, they had a piece on getting adult children to leave the family home so, presumably they can hand over their money to wealthy landlords and property developers.. Jesus wept.

Hundred percent.two of my mates lives in garden room apartments they built just before covid. Detached structure, no lpt, tv licenses, massively reduced bills. Zero assholde neighbours, not beholden to massive rent or mortgage, **** House shares etc... People will say its a gamble, yeah real high risk versus being a life long atm for landlords and the bank's or a mortgage lol.. they can rent it out of they choose, two years rent will pay for the original build cost..

Why stop at tech workers. What about those pesky accountants too. They’ll be outbidding nurses too. Better cull those also. Also trades people are earning good money these days, they’re driving up prices with bidding wars. Ban them.

Might be easier to just find anyone who earns above the median wage and send them abroad so we have no higher income earners. That will sort our problems 100%.

Sarcasm aside. The suggestion that you need to be on ‘at least 100k’ to buy as a single person insinuates the cheapest possible house in Dublin is €440k (4x + 10% deposit). This is just obviously false.

We did the same . My wife and I. But not 38. We came home at 30. And saved while working abroad. We came home with 30k savings. Nice start. Hard work. It was 2003 when we came home. We rented and saved as hard as we could. No subscriptions or fancy things. Restaurant once a month. Our goal was our own home. in 2006 we bought. And it was also a brutal market then. Only last year did we escape negative equity . And now have a big house in the county. Has been a hell of a ride. Worth it now.

For a guy to come home from travels at 38 with not a pot to Pi*& in, and expect something other than his old childhood bed is laughable.

Its hard to buy for most people in any generation. I do understand how poo it is for people right now. We were there. But if a couple are bringing in 40k plus each a year and cant afford a house, then they really need to consider how they spend their money. They should be able to buy a home. If they have been saving and living like poor people. Like the rest of us did.

The thing is when all those homeowners try to downsize it's a rush for the door.

Over the long stretch of time though intergenerational house formation was the norm. It was advent of the motorcar that opened up cheap land for sprawl. In the US the sprawl really took off in the 1940s and 50s, and I reckon our sprawl into cheap land was mid 90s onto when supply excelled demand after 06.

I was an labouring emigrant to the US in the 80s and we had to share rooms with others as adults to save up because there was nothing waiting for us in Ireland. I can see young immigrants to Ireland doing the same.

I don't think it's racist to question the economic growth model, but it is racist to blame immigrants for the failures of planning. Widespread car dependency is a major planning failure and it was being baked in long before we started attracting labour. After a history of low opportunity when unemployment started to fall in the late 80s no one was concerned about how housing was planned, just as long at it happened.

I've rambled off on tangents, but my sentiment remains the same. Failure to plan is planning to fail.

When we had our car sprawl we didn't build for comfortable single occupancy, everything was shoe box size pitched for trainee nurse/guards etc... Everything was geared towards housing for the big families we used to have.

No we're in this mess where a three bed house over a hour away costs the same as a shoebox apartment where there is demand.

The suburban semi d is our national average.

Many families were reared on parents in essential jobs like food supply. We've our priorities skewered towards to undervalue rolls we simply can't function.