Life passing by people in their 30s

Yeah, but we will have reduced the massive income inequality causing the issue, so the us and them is gone and things will improve

On this thread are arts graduates saying they got forced into tech to survive, we need an economy that works for everyone not just those in tech

In 1991, Home Ownership was 80%. And 10% in social housing. So 90% of the population had a secure forever home, only 10% paid dead money and that would have mostly been students or people just moved to Dublin from the country. Better times.

https://www.oireachtas.ie/en/debates/debate/dail/2023-05-31/8/#:~:text=In%201991%2C%20Ireland%20had%20one,in%20the%20private%20rental%20sector.

People didn't have to rent before the crash. Everyone in my extended family, in fact all neighbours etc that I know over 40 own a house because they could get mortgages during the boom. After 2008 the recovery was based around the tech companies coming here for low tax rates. The country has been dead for over a decade for people who don't own homes. Though things seemed better in 2012 and 2013. Cheap rents, cheap nightlife and no stigma around renting, people actually talked like renting was the way forward. Its since 2016ish that the worst times have been here with sky high cost of living and renters viewed as "dead money"

Im not alone in these thoughts. I know lots of very liberal people currently up in arms about immigration because of housing.

Do you think the state of the country at the moment is good? Do you not feel we are going to experience both political and social unrest because of the housing situation for young people?

What has caused the collapse in home ownership with young people then? How do you get back to normal instead of intergenerational houses and renting? Seriously answer that dont do another retort

Suggest you ask your organ grinders in SF.

They don't seem too keen on sharing their ideas, but we should absolutely take them at their word that they'll fix everything.

I have you just didnt like my answer. I have shown that home ownership has been in decline since we opened up to multi nationals.

Now reply to my points, Im interested to see if you even think we have crisis issues here

1. How can things have been worse in the past when less than 10% of people lived in private rentals?
2. Why would someone who doesn't work for a tech multinational or own a home want to support the current economic system. How do I benefit having to work two jobs to rent a studio flat?
3. How do you maintain high paid tech jobs that are out of synch with the rest of the labour forces income and resolve housing in Dublin

lots of local people from Dublin work in these industries!

And if Google Meta etc moved out, lots of young Dubliners would go with them!

It is not causing harm to develop high skilled, highly paid jobs in Dublin.

Your gripe is with the lack of social and affordable accomodation and that is valid.

But dont blame those that have worked hard to get where they are and earn 6 figures today. It isnt their fault that the govt have failed on social housing delivery.

The more high earners we have, the more robust our economy becomes & the greater our tax take - which benefits us all in the long run.

If the govt built their own social and affordable homes at scale, we wouldnt need to have this conversation in the first place.

There is room for everyone, but there are not homes for everyone.

That's on the Govt, not Marcel from France or Liam from Leitrim that work at Google.

I did a BA in UCD. In any other generation the type of work I do and people like me, teachers, civil servants, middle management etc would have provided a comfortable middle class life. Today it doesn't because the wages of those jobs simply cannot compete with tech and multinational wages.

Yes some Irish people do work in these companies, but they have a large percent of overseas staff. The top courses in CAO points for Irish people are and have been for years Arts, Law, Business.

If everyone was benefitting from the current economic set up we would not have SF on 35% and 50% among under 35s. And Im not a SF bot, I dont think they will do a lot really but they may result in a raise in corporation tax and exodus of big tech leading to low immigration and a lower population making housing affordable. This economy is not working, I cant own a home in Dublin, hundreds of thousands cant, we want to see Rome burn

How can we be equal if home ownership is collapsing and people are living at home. Progressive tax means nothing if housing means actual disposable income and living standards are screwed

It went from 80% in 2004 to 68% in 2021. In 2004 50% of 30 year olds owned a home, now its less than 1/4. The article in question is about the collapse in home ownership since now people are living at home or private renting.

This is a country that didn't have a private rental market (outside students and people in year 1 or 2 of jobs) until the last 20 years. We consider renting dead money in this country and stigmatise renters. I have to life with that, do you not consider someone working full time renting a victim of the housing crisis?

Everyone was buying, tech salaries just didn't get out of synch with normal roles back then. Think of what its like for someone earning 40 - 50k today, which is a totally average salary for white collar roles.

One of the main reasons everyone could buy was no deposit mortgages of 5 and 6 times income. Now most are locked out as they need 30, 40 or 50k in a deposit

We had a property crash that bankrupt the country, resulted in 16% unemployment and the need to bring the IMF in. But, yes, it would have been easier for people like you who wouldn't make the sacrifice required to build up the fairly small deposit of 30-50k.