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Irish Property Market chat II - *read mod note post #1 before posting*

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Comments

  • Registered Users, Registered Users 2 Posts: 5,037 ✭✭✭PokeHerKing


    I work for an MNC. Indians and africans make up about 90% of new hires/contractors.

    What do you consider well paid?

    Ultimately pay doesnt come into it for immigrants. They need a roof over their heads if they come here and they will pay whatever is required.

    Theyll do that by room/bed sharing or paying 80% of their wage if nessecary.



  • Registered Users, Registered Users 2 Posts: 307 ✭✭SpoonyMcSpoon


    In that case then it is clear the housing crisis is almost xenophobic and racist; "oh it's just Indians and Africans that come here to do the low paid jobs which require them to share bedrooms in order to make the €1000 pm rent for the room, who cares that rents are so high". Definitely an element of that in the "I'm alright Jack" set of Irish society.

    I would consider well paid people those that earn the average (not median average) wage, most likely those in the MNCs where they also have good benefits (worth a couple grand per year most likely when they have subsidised food, transport, health insurance etc.). A single person who just moved over to work in a MNC on €35k would have around €3-3.5k net and could pay €1000 for a room to rent with headroom to live and save a bit.



  • Registered Users, Registered Users 2 Posts: 5,037 ✭✭✭PokeHerKing


    Im not following your first paragraph, can you explain? Whos a racist?

    35k a year would net about 2.5k, not 3.5k.



  • Registered Users, Registered Users 2 Posts: 5,424 ✭✭✭BlueSkyDreams


    What exactly is your point?

    That we shouldn't have high paid MNC employment in Ireland?

    Do you think the 100,000+ irish born ermployees that live here & work for MNCs would agree?



  • Registered Users, Registered Users 2 Posts: 307 ✭✭SpoonyMcSpoon


    The first paragraph is a claim that the reason the rental market crisis (ie 1000 pm room rents) has not been an emergency situation is because it is a lot of non-Irish coming to the country that are paying for the new rentals and talking to people in Ireland about the rental crisis (particularly those who own homes) and how much rents are does not seem to generate much outrage. Sure why would it if it is a few Indian lads cobbling €3k together to rent a grand canal apartment? That's how I have noted some discussions with Irish friends of mine who have their homes.



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  • Registered Users, Registered Users 2 Posts: 5,037 ✭✭✭PokeHerKing


    My point is that entry level roles in the MNC i work for are being mostly filled by immigrants, who require housing.

    My second point was these roles are not high paid imo. I asked the OP what their opinion of high paid was.

    OP clearly doesn't understand tax in this country based off their net take home figures for 35k. So they've a warped opinion of what high paid is.

    Maybe you could clarify your point as im not fully understanding what youre trying to say re irish born ermployees of MNCs (of which i am one)?



  • Registered Users, Registered Users 2 Posts: 5,037 ✭✭✭PokeHerKing


    Im still not fully understanding your point here.

    But for me, the rental/housing crisis is 100% being deeepened by how mamy immigrants are coming into the country for work and require accommodation.

    Simple supply and demand numbers, absolutely nothing to do with racism on my part.



  • Registered Users, Registered Users 2 Posts: 5,424 ✭✭✭BlueSkyDreams


    My point is that MNCs need a multinational workforce, just as they do in every other country, including those countries with much larger labour forces than our own.

    If we want the MNC opportunities here, we will need an international workforce and that is a good thing.

    I know plenty of irish born in their twenties that work for MNCs. If those jobs were not in Dublin, a good few of them would be living abroad by now.



  • Registered Users, Registered Users 2 Posts: 5,037 ✭✭✭PokeHerKing


    I dont agree. Ive worked for MNCs my entire working life, nearly 20 years.

    Its only in the last 5 years or so that I no longer interview majority irish born candidates for jobs.



  • Registered Users, Registered Users 2 Posts: 3,378 ✭✭✭Blut2


    I'd agree with that. I've worked in MNCs for 15+ years and historically it was majority non-Irish only in Sales and Customer Support roles (because of the two+ fluent level language requirements). But all the other roles were majority Irish.

    But in the last few years the government has really loosened the visa regime for hiring non-EU candidates, which has rapidly changed our hiring profiles.

    And this has resulted in a huge amount of non-EU people moving to Ireland and putting pressure on the housing market. About 40,000 in 2024 alone, which is an absolutely huge number during a housing crisis.

    Theres no way people earning €34k (as it is currently) should be qualifying for work visas during this housing crisis, unless they're in essential healthcare roles. Thats an entry level position in tech, which can easily be filled with a local candidate. The requirement should be €80k a year or more - actual high performers.



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  • Registered Users, Registered Users 2 Posts: 307 ✭✭SpoonyMcSpoon


    That was my point; the MNC employees coming here on decent salaries (average and higher than average) are able to pay €1000 pm for rent so this then exasperates things as it indicates that €1000 pm rent for a bedroom is justifiable.



  • Registered Users, Registered Users 2 Posts: 5,424 ✭✭✭BlueSkyDreams


    Which countries are they hiring the lower skilled roles from?

    Indian employees have the highest median and mean salaries of any nationality in Ireland, with 50% earning over 45k per year; certainly not low skilled labour.

    The Visa list is something the govt could look at, but would low paying roles in care and hospitality be filled by Irish/EU workers? I dont know.

    Student visas will probably be looked at.



  • Registered Users, Registered Users 2 Posts: 307 ✭✭SpoonyMcSpoon


    Very convenient for those looking to see house prices and rents stay high that we have crisis-after-crisis (covid, Russia-Ukraine, IPAs) which for some reason constantly results in the government spending billions each year on paying private market property owners to use their accommodation. It is a rotten system where those at the top and bottom benefit while those in the middle suffer.

    Does the government have a magic money tree we didn't hear about? It seems like they do doesn't it? "Of the €7.9bn increase in spending next year, current spending will rise by €5.9bn while capital expenditure will increase by €2bn."

    Scope for €1.5 billion in tax cuts for Budget 2026

    Immigration is sky-high and the government has unlimited cash - the property market could be fixed with increased supply and much lower house prices and rents with a few simple policy changes; prioritise builders for employment permits and throw the unlimited cash into getting large scale home building projects done. Why would our FF and FG representatives, who are "committeed" to fixing the housing crisis, not do the simple job of increasing supply and reducing housing costs while the economy is roaring?



  • Registered Users, Registered Users 2 Posts: 3,378 ✭✭✭Blut2


    India

    If 50% of Indians are earning less than €45k a year, thats by any definition low skilled labour - they're not even paying the higher income tax rate.

    During the worst housing crisis in the history of the Irish sttate we shouldn't be issuing work visas to anyone, outside of healthcare, for anyone whos not at least medium skill / medium earner. Which is €80k+ in the main MNC industries of tech and finance.

    High skill / high earner would be more like €120k+.



  • Registered Users, Registered Users 2 Posts: 4,965 ✭✭✭Villa05


    I know it will not happen under FF/FG but surely the best way to offset tariffs is to increase housing supply, reduce rents and take the pressure off wage inflation.

    We have 40 to 50% house price inflation and 41% rental inflation since covid, prices that were considered unaffordable for many back then. Anything that can rise 50% in less than 5 years can also do the same in reverse. This is far more damaging to the economy than 15% tariffs.

    The Irish do far more damage to there economy than Trump could ever dream of.



  • Registered Users, Registered Users 2 Posts: 19,387 ✭✭✭✭kippy


    Thats one way of looking at it. The other is that these MNC's weren't able to fill these roles from what was available at the time and canvassed the government to relax visa rules so that they could fill these positions. We have had close to full employment the past few years, it's likely the MNC's have run into significant hiring issues. I suppose the difficult balancing acts for the state to maintain is to try help these companies hire and relax the visa rules when knowing it all puts extra pressure on the housing market.



  • Registered Users, Registered Users 2 Posts: 5,037 ✭✭✭PokeHerKing


    In my MNC even the graduate programmes are 90% immigrants.



  • Registered Users, Registered Users 2 Posts: 5,424 ✭✭✭BlueSkyDreams




  • Registered Users, Registered Users 2 Posts: 5,424 ✭✭✭BlueSkyDreams


    Foreign nationals do work in healthcare.

    Therefore they would still qualify for the critical skills visa.

    Some non critical jobs could be removed from the visa programme, but if they are then filled by EU citizens or returning irish, housing is still required.

    The govt could help by removing the cap on working hours for social welfare.

    If somone can work 38 hours a week and keep social welfare, rather than losing the payment when they work past 18 hours, then we dont need 2 people to do 1 job any longer.



  • Registered Users, Registered Users 2 Posts: 5,037 ✭✭✭PokeHerKing




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  • Registered Users, Registered Users 2 Posts: 3,378 ✭✭✭Blut2


    There are 450mn people in the EU and another 70mn in the UK who can all work legally without a visa in Ireland. Unemployment in vast swathes of that is still very high (11% in Spain, 9% in Finland, 8% in Sweden etc) in mid 2025.

    MNCs are filling roles with Indian staff because they can offer lower wages, and worse working conditions, to people desperate to escape a poor country than to Europeans - not because India is the only place on the planet they can find people with the required skillsets.



  • Registered Users, Registered Users 2 Posts: 3,378 ✭✭✭Blut2


    You've moved the goal posts from "low skilled" there, I note, when you didn't like the financial facts.

    The foreign nationals working in healthcare aren't whats being discussed. And immigration by returning Irish people, or EU citizens, can't be reduced or limited.

    MNC staff being recruited in large numbers from non-EU countries in recent years is something that can be instantly reduced if the government so decides. The visa requirements could and should very easily be revised to ensure its only actual high skill / high earners who get them.

    Nobody should be issued a work visa to move to Ireland to earn €35,000 p.a. in an entry level position in tech or finance during the worst housing crisis in the history of the state.



  • Registered Users, Registered Users 2 Posts: 5,424 ✭✭✭BlueSkyDreams


    No goal posts moved, just facts stated.

    Indians work in lower paid roles as well as higher paid roles. Thats a fact.

    Your financial facts also state that Indians have the highest mean and median salaries of every nationality in Ireland; they are, on average, the best paid nationality & not at all the worst.

    I agreed that if its non critical skills we are talking about then visas can be withdrawn for lower paying roles.



  • Registered Users, Registered Users 2 Posts: 19,387 ✭✭✭✭kippy


    You are saying that Indians are coming to Ireland under these Visa conditions and working for less money and under worse working conditions that the equivilent Irish person? Get a grip.

    The big issues with those areas you mention are qualifications and english. What can companies do if people from those countries don't want to come to Ireland (for one reason or another)?

    There are plenty people on these visas working in higher paid roles as well.



  • Registered Users, Registered Users 2 Posts: 19,387 ✭✭✭✭kippy




  • Registered Users, Registered Users 2 Posts: 19,387 ✭✭✭✭kippy


    That doesn't surprise me. It's possible that a lot of "Irish based" graduates have secured "proper" jobs before they leave college, don't go down the graduate route or simply go off travelling for a while.

    As I said, companies all across the board have been finding it difficult to find the right people.



  • Registered Users, Registered Users 2 Posts: 5,037 ✭✭✭PokeHerKing


    Im sure theres plenty of nuances to it all.

    But be it graduate, entry level or general hire in my MNC the overwhelming majority of new entries are immigrants.

    Thats a massive demographic change to 5/10/15 years ago.



  • Registered Users, Registered Users 2 Posts: 3,378 ✭✭✭Blut2


    As someone who works for a large tech MNC, and knows plenty of friends who work in others, quite literally exactly this yes.

    If an advertised position can't be filled by an Irish/EU candidate after a period of time the company has two choices: increase the salary and improve the working conditions enough to attract an Irish/EU candidate, or apply for a work visa for an Indian (or other non-EU) candidate who will take the job as it already exists.

    Bringing in large numbers of immigrants from poorer countries willing to work in worse conditions, for a worse wage, than local workers is an extremely well researched and well known method of keeping local salaries down. Its not a remotely controversial idea.



  • Registered Users, Registered Users 2 Posts: 3,378 ✭✭✭Blut2


    Your own quoted statistic showed that 50% of Indian workers in Ireland aren't earning above €45k a year, ie aren't even in the top income tax bracket (which in itself kicks in at a low level). In MNC roles in finance and tech anyone earning less than €45k a year is either entry level or unskilled - any semi-competent graduate over 3 years into their career will be earning more than that.

    There is absolutely no way to justify the government issuing work visas for people to fill entry level or low skilled roles, to the tune of tens of thousands a year moving to the country, during the worst housing crisis in the history of the state.



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  • Registered Users, Registered Users 2 Posts: 19,387 ✭✭✭✭kippy


    So what kind of "in worse conditions" would an immigrant from a poorer country working in entry level tech in Ireland have to endure, relative to the local worker?



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