Escaping renting

Purchasing a property to live in is not investing, so your whole post is irrelevant, and based om a false premise.

I honestly wasn't sure whether that poster was asking about PP for the caravan or my comment about changing their wallpaper…

There was a serial reregger who constantly complained about renting, the shame of renting, and never having the means to buy a house.

They left for a while, but looks like they're back. No point trying to talk sense or reason with them.

It makes a lot of sense. Join a gym and you have 7 day access to a shower.

yeah… alternatively, all you need for a shower in a van, is a gas camping stove to heat water, a plastic box as your shower tray, a hoola hoop and shower curtain and one of these, ta da… a fully functioning shower cubicle for E50…

https://www.flextail.com/products/max-shower?gad_source=2&gclid=Cj0KCQiA3sq6BhD2ARIsAJ8MRwWtuVLQgkimPzMcFdzD3nCGHrAXXltrlt9Xx-h1I4cJ4soQYSAyoggaAmc1EALw_wcB

If you want to apply a pure financial perspective on it, you could make the point that the price of a house in Cavan is going to have a high correlation to the overall Irish housing market.

And given that everyone has to live somewhere, if you intend to purchase your own property elsewhere then the house in Cavan becomes a hedge for you against the overall housing market. You can account for liquidity premium into that too if you want. You liquidity premium is likely to be a lot higher for an isolated house in the middle of a bog at the end of a boreen than for one close to the centre of a town.

A friend of my father had some sort of objection against the idea of taking out a mortgage to build a house. They had a bit of land and he could have built at any stage. He bought a caravan and plonked it in his parent's garden. This must have been back in the early 80's. His idea was to save up until he could pay for building the house directly from savings. But sure with inflation he was never able to get anywhere near building. Inflation would have been running a lot hotter than his savings would have been.

His buddies who would have built nice bungalows for say 15k punts in the early 80's ended up with tiny mortgages (relatively speaking) by the mid 90's and start of the 2000's. I'd say any money saved hard during the 80's was a pittance by the time he got to the 2000's. In the end up he just moved into the parents house when they passed away.

A counter example to the complaint about the rush/obsession with "getting on the property ladder"………….

The local intellectual scene maybe?

I don't think this is a thread for common sense notions such as that.

Its a absolute shambles. I am in what is considered a 3rd world country and people moan if the have to travel more than 10 minutes to work...

What is the solution? Build up for Gods Sake...

Build builders in Ireland don't seem to know how to do it. Normal everywhere around the world is 30 to 40 stories

Some of the newer builds in D8 are 10+ stories. Still crazy prices though.

https://www.grandcanalharbour.ie/

10 stories is not much to write home about. Even Liberty Hall is 16 stories, and that was built 59 years ago.

Plus they seem to think building up means building smaller apartments inside which they can charge more for.

what if someone robbed the van during the night? set it on fire? A big plus of living in a house is the security you get, you wouldnt have that living in the back of a van.

Indeed. Also, not buying a property doesn't mean that a person still has all of this uninvested money to spend on whatever they like; they will still need to spend a similar amount of money on somewhere to live (and if buying a property is "low return", renting a property is zero-return…)

Go to daft ie put in what you might get from a bank amount euros eg search euros daft.ie yes you ll probably be 40 km from a city I don't know if there's old houses you can upgrade or modernise if you have time to learn basic carpentry . It costs Dublin council 50k to upgrade one flat. They are not getting funding from the government to do this

I think all new apartment s should be at least 5 storeys in citys