2 out of 3 young adults living at home

What changed it in the past? Why did successive generations get wealthier? And what’s different this time around.

for my parents families it was education was the key. They were both born to very poor families, 1930s Ireland.. but finishing school early and night classes for the leaving cert and working in steady jobs and continued education moved them out of inner city public housing.

And their kids had better chances, we had access to third level and in spite of 2 recessions are mostly OK financially. Have nice houses not far from where we were raised, bigger and fancier houses than the parents and better salaries, well better household incomes, there are no SAHMs in this generation.

The next generation, now in their 20s, are also well educated and have reasonable salaries but the houses their parents own are way beyond their means. they aren’t going to out earn their parents very quickly I think.

So yes I’d agree generational wealth growth will be negative.

Is this the usual scenario,,, Ireland over the past 3 generations? From council flats to detached houses back to renting then maybe buying miles away or very small homes?

and how can it change? A massive increase in housing supply?

I guess that’s true. My parents had their (v small) inheritances in their 50’s. Which they shared with us kids since they weren’t in need of it, But they look set to live well in their 90s. So my siblings and I can’t expect a massive inheritance as they’ll need care. Which is absolutely as it should be and I’m not in any way complaining.

But the “granny died” inheritance that was a feature for my of my peers in their late 20s and early 30s is going to be delayed for my kids. and won’t be there to get them started on the property ladder. May not even happen as with middle aged kids still working expensive care will be needed.

applied across the nation I can that will have an impact. And also my parents and many of their peers will live in their own homes and won’t be moving in with their middle aged kids. Obviously some will move into sheltered housing of some sort but as my parents road has many houses occupied by elderly folks living with some support. So that’s a lot of houses not going on the market too.

True

my grandmothers were cared for by my own mother. One had no property anyway as it was a farm and went to a son and his wife. The other sold her house and split the proceeds over her kids, my mum cared for them. she was a SAHM. Her labour was free of charge, None of my generation are. When care is needed it will have to be paid for, a substantial part of the value of the house may go on that.

The government will not let a massive increase in housing happen.

They are letting more and more educated immigrants in to the country. I work with an Indian guy. he told me Ireland has the cheapest student fees for foreign educated immigrants than any other. Its double the fees in the UK. 28000 euro. Here it's 14. Once these immigrants secure a job over 36000 salary they can get a visa. Stay here 5 years and permanent residency. These people will need houses aswell as our own and there will be a never ending supply of demand thanks to this government.

there is effectively no property tax here and the cost of building is so high, they need to build cheaper studio's and one beds etc and not on greenfield, miles from anything, they need to start building this on brownfield and existing business parks etc, beside good rail links ideally…

relocate dublin port… and possibly redevelop east point business park for housing only…

God it's depressing, isn't it? Any sniff of a rip off opportunity and they're off.

Your Indian guy - did he fail to mention the free tertiary education in Germany. Ireland is hardly the cheapest. I have read of American students who can't afford college in the US going to Germany to study.

You've got many a place designed for two people accommodating hilariously more people on floors and bunkbeds. And those landlords are raking it in. Those landlords in particular know precisely why they're getting so much. I doubt you'll be hearing a complaint from them ever.

Meanwhile, just as expected, the roll on effect on young irish people also being forced back into previously undesirable living conditions gathers pace.

Add in every other well known factor of, let's be honest, selling off quality of life of the many in exchange for the profit of the few, and you're essentially creating a powder keg of explosive reaction.

Society moves slowly, but it does react eventually, and it ain't going to calmed with some form of convoluted tax break or the yearly empty promises.

Build up and build an underground transportation system for Dublin. This was the solution 20 years ago and it's the solution now. The idiots in charge for the last 12 years have done the square root of sweet f all and we'll still be talking around in circles in another 20 years if we let them stay in power.

One has aspergers and isn't cut out to work in a company environment - of all disabilities in the UK, those with aspergers have the highest unemployment rate - 78%. Their expertise and interest is in game development, and In the past year game companies have been laying off tens of thousands of experienced and skilled workers, entire studios have been closed. Microsoft just closed the Arkane studio in Austin, that produced the Arkane games and Prey, this past week, along with another studio in Canada and one in Tokyo.

The layoffs are further devastating news in the gaming industry. An
estimated 10,000 people globally lost their jobs in the sector in 2023,
and that number is close to being matched already this year.

The other is facing that old saw of no one wanting new graduates, only those with years of experience and that being very niche in the specific tools the company uses, which don't happen to be those that were learned in college. One avenue for getting started in employment is often with the company you interned with during studies, but they even lucked out there as that company only has senior positions and interns and nothing in between, despite reporting to the college they over-achieved.

Also, not being near Dublin is a factor.

I emigrated 3 times :)

Living elsewhere is fine for a while, but ultimately Ireland is a good country to live in.