Who are buying all the new houses?

This is the most saddening and disheartening thing about a large cohort of that generation of homeowners - a real “I’m alright Jack” mentality totally bereft of empathy.

They don’t understand the difficulties the younger generations of their country are facing and they don’t care to understand either, because it might involve facing the reality that some “young snowflakes” have actually had it harder than them.

No sense of community or stewardship to the country or its forthcoming people - they got theirs and that’s all that matters.
It’s very disappointing, and no coincidence I’m sure that many of our current TDs are from that same generation, hence their disinterest in substantive measures towards solving the housing crisis.

Posted it in the Irish House Market thread the other day.

Living at home and not paying rent is "help from the bank of Mum and Dad" despite their claim that it isn't.

They should just realise that they were lucky and they received a lot of help from their parents.

They saved €1600 between them, if they're on anyway decent wages that's not a large portion of their income especially when they don't have rent to pay. Even on minimum wage (which they're not) it'd be around half their monthly. They shouldn't have needed the FHS if they saved for even a couple of years.

People dont seem to want to live in apartments.

Take a couple as an example.

300k 2 bed apartment in Dublin. Loads of them on sale. They need to save 30k. Or only a few k really if its a new build via the Help-To-Buy.

They'll get a mortgage for that earning 35k each. 2 people on slightly above minimum wage. €650 ish each monthly mortgage repayments.

I think there might be an added element to that, people don't want to live in apartments in bad areas.

I had a bit of a look at the 300k 2 bed apartments in Dublin and they're all in areas I wouldn't want to live.

Wouldn't say no to a nice 2 bed apartment looking out over Dun Laoghaire harbour though 😁

There's a reason why the media is negative around housing, we've insane house prices and the largest number of people homeless since records began.

These puff pieces that we've both posted add nothing of value to the discussion.

The big down side to that being the amount of those young relationships that fail in the long run. Get your life sorted in your 20s with your childhood sweeheart, divorced and house sold by your 40s 😶- back into the housing game you go!

They are always nonsense though, "look at us we managed to buy a house after paying no rent or getting a gift from Mammy and Daddy, we weren't lucky we just knuckled down and saved for 6 months".

There needs to be constant negative stories about the housing market as it's a shít show.

To be fair, if the example we are using here is a young couple who had to live with parents / in laws and in doing so were able to put away a fairly hefty amount of €1,600 a month in savings — and what they got for their troubles there was a 2 bed in Dublin because presumably a 3 bed (ie, a long term family home) would have been too expensive for them anywhere near where they wanted / needed to be living — well, I'm not sure it's a fine example to use. I also don't know if we can really say that they had "no help" from the bank of mum and dad when they had a family home to go to which gave them the opportunity to continue working in the major economic centre of the country (ie, Dublin) for free effectively, while being able to continue to devote a huge chunk of their earnings to savings.

For context, neither my or my fiancee's parents live in Dublin but we are both fairly tied to there for our jobs. We tried living with her mum and while we were privileged in that regard, it also involved 3-4 hours of driving each day for my fiancee and there was a difficult dynamic in the house which eventually meant we had to move back to rent a damp mouldy dump of a flat in Dublin to try continue to save. It took us a few years in total, meaning the cost of deposits continued to outpace our savings — and we still eventually had to accept money from parents.

And sure, we didn't just want to buy anywhere we could. We were guilty of the affliction of being in our early 30s wanting to buy a house that would allow us to have a few kids, in a place which seemed good to raise a family in. A lot of people out there on lower incomes than ourselves don't have that particular luxury and even the smaller houses in the less desirable areas are out of reach.