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Life passing by people in their 30s

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Comments

  • Registered Users, Registered Users 2 Posts: 19,196 ✭✭✭✭ELM327




  • Registered Users, Registered Users 2 Posts: 313 ✭✭BillyHaelyRaeCyrus


    Its the deposit thats the issue, Id need 50k plus to buy any of those because Im getting around 165k in a mortgage. Its the near decade of savings to get to that thats the issue. And I have little savings because it took me 5 years after college to get to a stage where I am earning 40k basic and just over 50 all in, and I had to take a near minimum wage job for 18 months during covid due to lockdown



  • Registered Users, Registered Users 2 Posts: 3,047 ✭✭✭Sunny Disposition


    I think the thread has got a bit derailed into a debate on one man's hopes of buying a house, hopefully it can get back on track.


    Was just thinking of the TV show Friends, it must be nearly 30 years ago that it started and it was about people in their twenties living in the centre of a big American city. It seems like in all western countries that kind of thing is becoming impossible now, housing went mental in price basically.

    What would an Irish version of Friends be like now, all young people going home to their Mams and Dads places in the cities.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,371 ✭✭✭✭Ash.J.Williams


    When I was growing up people had choice of where to live and could choose to rent or buy, that's now a luxury and that is wrong



  • Registered Users, Registered Users 2 Posts: 7,747 ✭✭✭Former Former Former


    Was just thinking of the TV show Friends, it must be nearly 30 years ago that it started and it was about people in their twenties living in the centre of a big American city. 

    Ah jaysus. Even at the time, it was a running joke as to how these people could afford such massive apartments in the centre of Manhattan.



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  • Registered Users, Registered Users 2 Posts: 7,747 ✭✭✭Former Former Former


    The guy is claiming that his family looks down their nose at him for not being able to buy a house.

    But also that his family were given a council house in the 80s.

    Does not compute.



  • Registered Users, Registered Users 2 Posts: 313 ✭✭BillyHaelyRaeCyrus


    A council house is not considered "dead money". And they got a council house 40 years ago which they then bought and traded up from. My siblings own private. Its being called dead money thats hurting me.



  • Registered Users, Registered Users 2 Posts: 5,630 ✭✭✭Padre_Pio


    Both those properties will sell for well above asking.

    An apt in Rathlin Hall sold for 268k this year.

    Funny enough, the same property in Finglas sold only last year for 100k less than what it's going for now. I'd say they'll get 260k+ from some desperate person.

    Both are a bad more for anyone interested in starting in moving forward with life.

    Both would need a single person to be in the top 20% earners to purchase.



  • Registered Users, Registered Users 2 Posts: 5,365 ✭✭✭BlueSkyDreams


    Thats an odd interpretation of my post. But hey, thats your perogative.

    What are you suggesting we should do then? Stop striving for economic growth and reduce our population?

    Ask Google, Microsoft, Meta et al to quietly leave the building/Country?



  • Registered Users, Registered Users 2 Posts: 14,087 ✭✭✭✭The Nal


    Monicas apartment still would've cost about $2500 a month in the 90s and between $4000 and $8500 a month now.

    It wasn't housing that went mental in price, its the amount of people.

    Dublins population has increased by over half a million people in the last 30 years.



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  • Moderators, Sports Moderators Posts: 7,457 Mod ✭✭✭✭cdeb


    Why is it an odd interpretation of your post? You three times said we can have sustainable economic growth with no end, but no more depth in your point than that. I think I've addressed everything in your post - which was very little. And it's a really dangerously wrong view to hold in the current era of climate change and resource consumption.

    We absolutely need - as a society as a whole - to embrace population decline, and fit our society around that. Certainly we can't - as we have - build in indefinite population growth into societies. This idea of pensions kicking in at 66 is ridiculous for example. Pensions came in at a time when - if you were lucky to reach 65 - you might have 5/6 more years ahead of you. They're clearly not fit for purpose today. It's a huge welfare draw.

    And if you increase the retirement age to 70, you of course generate the economic growth you're so fond of.

    You don't ask anyone to leave the country. But you absolutely acknowledge that it is completely unsustainable to keep driving immigration to the extent that we are doing - it's high carbon, it's leading to huge housing issues, it's having a deleterious impact on other countries, and so on. If that means that some companies have to move to other countries to find employees, then we need to overcome the privilege which is so evident in your posts (we want all the money, even at the harm of our planet and developing countries) and accept that.



  • Registered Users, Registered Users 2 Posts: 5,365 ✭✭✭BlueSkyDreams


    It is very difficult for a single person to buy. There is no denying that. Especially in Dublin.

    Its almost a given now that you need to be in a couple to buy in Dublin. But you could move further out as a single person and buy in a commuter county, as many families end up doing.

    Its not ideal, but again, there arent enough homes vs the demand to live in the city.



  • Registered Users, Registered Users 2 Posts: 5,365 ✭✭✭BlueSkyDreams


    And will all of the other countries buy into this Utopia you speak of?

    I guess we would need to stop immigration, skilled or otherwise, from entering the country? In order to placate the population growth, since we cant ask anyone to leave?

    Natural birth rates exceed our natural death rates, so how do we depopulate, considering we are not asking anyone to leave the country?

    Economic Growth has been a key developmental metric for centuries and helps ensure the standard of living we are all used to.

    As I said on a previous post, we live in a Capitalist world.

    If the world changes in that regard and we are all going to live in a communist regime and in equal measure, sure we can re-evaluate how our economic prioirites are formed.

    But until then, Dont hate the player, Hate the game, and all that.



  • Moderators, Sports Moderators Posts: 7,457 Mod ✭✭✭✭cdeb


    "And will all of the other countries buy into this Utopia you speak of?"

    Well that is the problem, isn't it?

    Let's be 100% clear here - the infinite economic and population growth you suggest is what's right now destroying the planet and rapidly depleting its resources. Despite your banal and baseless protestations, it's not sustainable.

    Now of course if we cop on to ourselves and act sustainably, then other countries will "cheat" and gain a financial advantage on us. It of course needs far larger action than Ireland alone can action.

    But it all starts with you acknowledging your privilege, your desire to keep destroying the planet and its resources and other developing economies just so you can get richer. You can acknowledge that privilege while also acknowledging that it's bloody hard to take co-ordinated global action about it.

    But the first stage in anything like this is admitting you're part of the problem. If you - and plenty of others like you I'm sure - keep their heads in the sand and pretend they're not a disproportionate part of the problem, then it's not going to get addressed.

    I think I asked you this before and you ignored it so I'll ask again - what is the max population Ireland should hold? You do accept there has to be a limit, right?



  • Registered Users, Registered Users 2 Posts: 19,196 ✭✭✭✭ELM327


    My first property cost me 125k, 15% deposit. I bought in meath because as a single person I couldnt afford dublin prices.

    Nowadays with 10% deposit you'd easily get one of those. In fact, I sold my meath place for 160k to a first time buyer, they had 10% deposit (16k) and the rest mortgage. They were a single person too. The notion that single earners on the average wage (I was on around 40-45k when I bought the meath place) cannot buy on their own is nonsense. Yes you can't buy a mansion or in leafy south dublin, but you absolutely can buy lovely places within commuting range.

    Dont forget rent control, which on paper controls rent prices to make them affordable to the FRIENDS set but if that was reality there would be a lot of money and or other favours under the table.



  • Registered Users, Registered Users 2 Posts: 313 ✭✭BillyHaelyRaeCyrus


    Find me a place with a direct transport link to Dublin (dont drive, far too expensive to be able to get a car loan etc) in less than 1 hour, that is under 160 for a 2 bed that qualifies for the 10% deposit. Because a 1 bed needs 20% from all lenders so thats back to the problem of it taking years to save the 35k+ needed



  • Registered Users, Registered Users 2 Posts: 19,196 ✭✭✭✭ELM327


    I don't think they are bad moves to move forward with life. A friend of mine who I stayed over with occasionally, lived in the blanch apartment complex, which is why I know the area to be good. Irish people are very anti-apartment.

    Selling over the asking is sadly common, we were outbid at 100k over the asking on a lovely house before we moved to wexford where we are now (and bought under asking).

    The point I was making with those semi random listings I picked was to show that as a single person you can buy in dublin, even better and simpler as a couple.



  • Registered Users, Registered Users 2 Posts: 19,196 ✭✭✭✭ELM327


    A 1 bed is not a good idea anyway. Here's a 2 bed in Athboy with an hourly direct bus to dublin city center literally at the doorstep. I used to live in Athboy and it's a lovely quiet rural town. It's listed at 150 so it's 10k under your 160.

    https://www.daft.ie/for-sale/apartment-36-newmans-mill-athboy-co-meath/5399031



  • Registered Users, Registered Users 2 Posts: 313 ✭✭BillyHaelyRaeCyrus


    Yes but it needs a 20% deposit. Thats the issue. Its needed to save 35k that makes buying out of reach. People have been saying this for years.



  • Registered Users, Registered Users 2 Posts: 7,747 ✭✭✭Former Former Former


    I don't believe you but it isn't the job of the government or taxpayers to give you enough money to resolve the fact that your family are nasty people and have made you so bitter.



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  • Registered Users, Registered Users 2 Posts: 5,979 ✭✭✭Deeec


    Good find. Lovely property.

    He mentioned earlier though that his family would look down on him if he moved to Meath so it's out of the question sadly. (Sigh) 🙄



  • Registered Users, Registered Users 2 Posts: 313 ✭✭BillyHaelyRaeCyrus


    The issue is saving for 5 years, but apparently thats hunky dory in most peoples eyes. When I was a child everyone got 100% mortgages around me so having 150 quid a week after bills and rent for 5 years seems impossible to be honest



  • Registered Users, Registered Users 2 Posts: 19,196 ✭✭✭✭ELM327




  • Registered Users, Registered Users 2 Posts: 313 ✭✭BillyHaelyRaeCyrus


    I wouldn't live in Meath except somewhere like Asbourne. Im willing to settle for somewhere a good bit out like Tallaght or Clondalkin etc, but that will require 5 years of savings. Most of the big estates in commuters don't even have a pub within walking distance. Very isolating



  • Registered Users, Registered Users 2 Posts: 5,365 ✭✭✭BlueSkyDreams


    I am still not sure how you arrive at the conclusion that global consumption is owned and caused by me.

    I dont set economic or environmental policy for anyone.

    Your argument appears to be with every government in the western world and more besides it. Good luck with that.

    I said previously that we should exist as sustainably as possible, but that doesnt mean we cant still expand our economy to support our population.

    The two things are not mutually exclusive.

    In terms of population growth, we have a long way to go. What kind of time period are you envisaging?

    50 years, 100 years?

    Currently, England has a population density 6 times our number.

    Ireland is essentially fields outside of Dublin, so there is a lot of scope for population growth.

    I agree we should grow sustainably, but the reality is that as a nation, we are not going to depopulate.

    Wealthier western countries will experience increased population growth as a result of climate change and economic/geo political factors impacting other regions of the world.

    So you may be better calling for a reduction in populations in Africa or Asia, because the highest increases in population will come from those regions, not from Ireland.

    And as you said yourself, people migrating en masse is bad for the climate, so shouldnt we slow the population growth at source?

    Namely, in the countries that are A) Creating the largest Output & B) Creating the largest waves of net migration.

    Ireland doesnt sit in either category and indeed its population growth would slow if you directed your policy at the countries exhibiting mass migration.



  • Registered Users, Registered Users 2 Posts: 5,630 ✭✭✭Padre_Pio


    That place will go for 20k over asking. Another property in the same location sold for 165k at the start of the year.

    Athboy is probably 90 mins by public transport from Dublin during commuting hours.



  • Posts: 12,694 ✭✭✭✭ [Deleted User]


    https://www.myhome.ie/residential/brochure/107-hampton-wood-avenue-finglas-dublin-11/4728095 24 hour bus rout about a 10 min walk from there, a few pints in a pub in town and home no issue.



  • Registered Users, Registered Users 2 Posts: 313 ✭✭BillyHaelyRaeCyrus


    requires a deposit of 36,000 plus fees etc so need 40,000 saved, 1 beds need 20%. Thats exactly what I would be looking for but I cant afford the deposit



  • Registered Users, Registered Users 2 Posts: 313 ✭✭BillyHaelyRaeCyrus


    Ultimately, the only way people can buy is with celtic tiger lending again. Thats ultimately what Im arguing for, 100% mortgages for people who have paid rent for 3 years without missing a payment. And instead of basing it on income it should be based on 75% of what they paid in rent per month as a monthly mortgage payment as they have proved ability to pay



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  • Moderators, Sports Moderators Posts: 7,457 Mod ✭✭✭✭cdeb


    I never said global consumption was owned and caused by you. But I guess it's an easy strawman to set up.


    You've been talking about expanding our population to support our economy btw - but now you've changed that to be the other way around. Interesting. Our economy is plenty big enough to support our population - there's plenty of countries poorer than us who manage. Especially if we increase pension age to 70. You've not commented on this at all btw. Would you support this? After all, it'd deliver the economic growth you so desire.

    Suggesting we keep increasing our population until we're at the same density as England is idiotic in extreme. You seem happy to look for any way to wash your hands of your own privileged involvement in climate change. You want the solution to climate change to rest with everyone except you, as far as I can see - and by extent, the economy you are a part of. But to be clear, no - increasing our population another six-fold is not sustainable. In the slightest.

    And you go on again with the oxymoron "grow sustainably" without any indication how you think an ever-increasing population is going to generate an ever-reducing level of carbon or consume an ever-reducing amount of natural resources. I'm only surprised you haven't tried to argue that the EU has been steadily reducing its carbon in recent years - while ignoring the impact of (a) air travel, which isn't included and (b) outsourcing manufacturing to Asia, which isn't really a nett reduction at all.

    I have no problems calling for a population reduction in Africa and Asia - again though it's an easy strawman for you to attack. But we absolutely have to set up a society which isn't as dependent on immigration to drive population growth as ours is. And the irony is that African countries in particular are far less carbon-heavy than ours. So in terms of pure carbon (and that's not the only issue here), reduction in western population is actually better than a reduction in African population.

    Again, all off topic, but I think your simplistic view of the world - that increased population = economic growth = good, and nothing else is really relevant - is one that's so simplistically dangerous that it needs to be challenged wherever possible. It's bullshit.



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