UK fund snaps up 85% of Dublin 17 housing estate originally aimed at individual buyers

No never, as 20k is not enough for a deposit and my second job (which is taxable) and my work commission is not counted towards a mortgage, only the basic 40k from my main job I make is. I met with AIB and a broker and both confirmed this. Meaning I can only get 180k with the 20k saved and it would need to be a 2 bed I find for that price as 1 beds require a 20% deposit and 40,000.

If I was able to get 200k from a bank Id be able to make it work in a undesirable area but Ive no option with what i have now, Im in horrible suffering and Id give anything for it to stop but Ive not any options short of years more of saving and that means years of being looked down on as a shameful dead money in the meantime

Your meant to buy in your early to mid 20s after leaving college. Both siblings had theirs by 26 and only 1 of them rented at all and that was in Australia. Renting has me called dead money, its the most horrible thing ever said to me and makes me feel totally inferior. I cant spend more years as dead money and living at home is even worse. So I think moving abroad is the best bet, as I said cousins renting overseas dont get called dead money. I could rent, get on with things, even do a job I like instead of needing to fit the white collar career, and not need to worry about being shamed. When people visit home from living abroad its always that they are great and doing well, if they rent never comes into it

Im the youngest by 12 years, everyone in my family owned or had a council house by 26. Aunts, parents siblings etc

If I approached it from the place of ignoring dead money comments and not caring what others think I would not even try to buy a place as I like where I live a lot more than Id like to live over an hour from work in a dodgy part of West Dublin (which is my best case scenario with my budget) and just use my eventual inheritance to buy a holiday home or something in cash I can retire to.

But thats unfortunately not allowed in Ireland as our social status and worth is tied to home ownership and renters are dead money hence my mental state as a result

But I cant continue to rent in Ireland, its shameful to rent as people call it dead money.

Im thinking the best soultion is to move to Canada on the 2 year visa, nobody is expected to own a home straight away so no more stigma and pressure and my cousins in Canada are never called dead money

If I wasnt viewed as dead money Id have zero issues at all with my current set up, but I cant live with being dead money as its made me feel like the lowest form of life

You could say what Im hoping for. Renting is fine and doesnt make you a failure. Its ok to rent long term and in the future renters wont be made homeless in retirement as we will move to a European system. That renting has downward baggage on a person worth

3 or 4 bedroom doesn't make a difference when the end result is the same in that a investment just hoovered up a whole estate and is now renting it back at ridiculous prices, the government also left a convenient loophole in that bulk buying Apartments they didn't have to pay much stamp duty compared to if it was all houses.

This whole situation is really disillusioning.

Continual government inaction on housing issues shows how much contempt politicians have for the average Irish person and sadly with our 2 leading parties being in coalition with each other it means there is no incentive for either party to have a revolutionary policy on housing as they can retain power without changing a thing. It was a really dreadful thing for Irish politics , democracy and the country as a whole when FF and FG went into coalition with each other.

The housing problem could have been fixed years ago if the government saw that the private market doesn't achieve optimal results for the country when it comes to housing and that housing needed to be considered infrastructure an this could be handled directly by the government building thousands and thousand of houses themselves for sale and rent to people by essentially setting up a national house building agency/company.

In general I get the feeling that political parties in Ireland are very content to never really fix any issues that impact the country so that the majority of the population become completely disillusioned with politics and don't vote so only the hard core of support for each party votes giving job security to all the politicians in the country.

If renting wasnt a source of major social disgust, why was the eviction ban overturned and why does the government have no scheme to pay rent for lifelong renters in retirement. Allowing old people or those who never missed a payment of working age to be evicted is treated them as less than human and is a crime against humanity. But they are renters so home owners see them as dead money and not worthy of human rights. If renting was secure for life and socially accepted the housing crisis would be solved.

And yet prior to 2021 this was exactly what was on offer to....well maybe not single buyers after the late 90s but certainly to any working couple.

Prior to the late 90s- by the fact a one income family could usually buy a home, and if they couldn't an affordable one would be provided by the council.

2000s- everyone could get one, albeit via bonkers lending rules.

Prior to 2021- 3 bed semis were still available at reasonably affordable rates across most of north and west Dublin, starting at 160k for ex council, beginning at 220k for private build 3 bed semis.