Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Priced out of the market :(

2»

Comments

  • Registered Users Posts: 202 ✭✭Dredd_J


    mariaalice wrote: »
    Why is it such an all or noting situation, do what a lot of German do which is buy somewhere you might retire too, but rent in a city or where you work. I can see why if you are single you couldn't buy in somewhere like Gorey or Laytown , but rent Dublin or any where prices are reasonable.

    I don't think you could expect to cover the mortgage with the rent you couldn't approach it like that, until you retired that gives you the best of both worlds security when you retire and flexibility to live where you want now. Also don't buy until you are 35/40 if you are single that gives you plenty of time to save and get you self in a good position.


    Thats exactly what we did. We own the house outright now and will be retiring to it as soon as we are ready. Its rented at the moment, so making some money for us for now too. Its great for retirement, but not when you have to commute to a city job every morning.


  • Registered Users, Registered Users 2 Posts: 1,617 ✭✭✭Squatman


    dodged a bullet there OP. That house does not represent good value for money. It looks like a 50+ year old house for near 200k. My advice to anyone looking at this or similar is to not get fooled into thinking this is a good way in spending money that will take a lifetime to accrue.


  • Closed Accounts Posts: 3,347 ✭✭✭No Pants


    gaius c wrote: »
    Interesting the difference in attitude when it's tenants outstanding their welcome versus folk who haven't paid their mortgage in years. Not just you, quite a few are posting similar sentiments but if something similar was said about mortgage holders, there would be a slew of "you heartless monster" posts.
    I can't speak for others here, but I'm just commenting on this article at this time. I originally read something about it in the Indo yesterday and, true to form, it was not as well written and overly emotional.

    "Speaking to the Irish Independent last night from their semi-detached house in a quiet housing estate in Carpenterstown, west Dublin, Martin (71) and Violet (61) said they face prison and homelessness.

    ...the couple have remained, saying there is simply nowhere else for them to go."

    They have been searching since then for somewhere else to live but due to the massive shortage of rental accommodation in the capital and rents increasing by more than 25pc, the couple are stuck in limbo.

    He will be meeting with the housing department again today to see if they can get a rental allowance.

    But with rents in the area now exceeding €1,400 a month, the couple – whose combined pension income is just €363 a week – aren't holding their breath."

    But this next piece is my favourite (emphasis mine):

    "There was a house for rent two doors down and there were 50 people queuing up outside to view it. It was absolutely frightening," Mrs Coyne said." :rolleyes:


  • Registered Users Posts: 1,945 ✭✭✭Grandpa Hassan


    gaius c wrote: »
    Interesting the difference in attitude when it's tenants outstanding their welcome versus folk who haven't paid their mortgage in years. Not just you, quite a few are posting similar sentiments but if something similar was said about mortgage holders, there would be a slew of "you heartless monster" posts.

    I completely disagree. I think the overwhelming majority on here want people who haven't paid their mortgage to get their home repossessed. This reluctance to repossess is doing nobody any favours except for those individual debtors


  • Registered Users, Registered Users 2 Posts: 17,873 ✭✭✭✭Idbatterim


    If that house is worth 350k in 10 years time it will look pretty good value for 200k! everything is relative. Yes it looks expensive compared to the trough of prices...


  • Closed Accounts Posts: 3,347 ✭✭✭No Pants


    MouseTail wrote: »
    Have you ever been to those English seaside towns, like Eastbourne? I find them very depressing, almost like old people have been ghettoised. A dystopian town where young people and children have vanished. i know thats not the case, and they retire there by choice, but I certainly prefer a society of intergenerational living, and believe that is the model we should strive for.
    A lot of the English seaside towns are like that, Brighton being the exception. All along the south coast from Cornwall to Sussex. Eastbourne is still noted as being exceptional, known by the locals as "God's Waiting Room".

    Having said that, no one forces them to move there. They make that choice themselves and property down there isn't cheap.


  • Registered Users, Registered Users 2 Posts: 1,663 ✭✭✭MouseTail


    No Pants wrote: »
    A lot of the English seaside towns are like that, Brighton being the exception. All along the south coast from Cornwall to Sussex. Eastbourne is still noted as being exceptional, known by the locals as "God's Waiting Room".

    Having said that, no one forces them to move there. They make that choice themselves and property down there isn't cheap.
    Not a model we should be attempting to emulate here though. Besides the demands placed on social and health services in those areas must be huge.


  • Registered Users Posts: 1,945 ✭✭✭Grandpa Hassan




  • Posts: 0 [Deleted User]


    I am not saying we should follow the uk model there are lots of model of providing housing and renting where you work and retiring to the country side or the seaside is not a bad ideal.


  • Advertisement
  • Closed Accounts Posts: 3,347 ✭✭✭No Pants


    The helpless crybaby act, often employed in these situations, appears to have worked.

    http://www.independent.ie/irish-news/news/irish-benefactor-offers-old-family-home-to-evicted-pensioners-30460397.html

    Doesn't say where this house is located. I sincerely hope it's in an area that aesthetically pleasing.


  • Registered Users, Registered Users 2 Posts: 15,512 ✭✭✭✭Supercell


    MouseTail wrote: »
    Have you ever been to those English seaside towns, like Eastbourne? I find them very depressing, almost like old people have been ghettoised. A dystopian town where young people and children have vanished. i know thats not the case, and they retire there by choice, but I certainly prefer a society of intergenerational living, and believe that is the model we should strive for.

    Don't have to go to England for that, Dun Laoghaire is full of old wrinklies in over sized houses and slow cars. The average age of the town must be near 70, which is why all the shops are closing.

    Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/



  • Registered Users, Registered Users 2 Posts: 6,419 ✭✭✭Claw Hammer


    No Pants wrote: »
    The helpless crybaby act, often employed in these situations, appears to have worked.

    http://www.independent.ie/irish-news/news/irish-benefactor-offers-old-family-home-to-evicted-pensioners-30460397.html

    Doesn't say where this house is located. I sincerely hope it's in an area that aesthetically pleasing.

    Probably wo't be near enough to the family, won't have a satellite dish. Cue more whinging.


  • Registered Users Posts: 202 ✭✭Dredd_J


    Probably wo't be near enough to the family, won't have a satellite dish. Cue more whinging.

    Wait til that person wants to sell their house or move into it.
    Try getting this guy out of it and see how this act of generosity turns out.


  • Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    No Pants wrote: »
    Doesn't say where this house is located. I sincerely hope it's in an area that aesthetically pleasing.

    Navan apparently......


  • Registered Users, Registered Users 2 Posts: 1,663 ✭✭✭MouseTail


    I wonder why they never bought, its unusual for a couple that age to either never have bought or else have council housing.


  • Advertisement
  • Closed Accounts Posts: 3,347 ✭✭✭No Pants


    Navan apparently......
    So that's a no then... :pac:


  • Registered Users, Registered Users 2 Posts: 37,314 ✭✭✭✭the_syco


    Navan apparently......
    LOL. Can see them not taking it.


  • Registered Users, Registered Users 2 Posts: 3,528 ✭✭✭gaius c


    the_syco wrote: »
    LOL. Can see them not taking it.

    "LOL" is always the first thing that jumps into my head when people are being evicted from their home of 15 years.

    I might say that to my friends who are halfway into a lease and have just discovered that their home is advertised for sale on myhome and the landlord refuses to say more than "the bank made me do it".


  • Posts: 0 [Deleted User]


    I think its more a worry for the Irish and English not owning your own home. The prices I have noticed in Dublin 15 have gone up a good bit in the last few months (thats asking prices anyhow). If you can't afford the house/apartment just don't worry about it. Renting costs will remain high only until the new properties come on stream in the next few years.


    Your right, a friend of mine put his house up for sale in Dublin 15 for 199, it was sale agreed in 3 hours for 220 :eek:


  • Registered Users, Registered Users 2 Posts: 78,537 ✭✭✭✭Victor


    No Pants wrote: »
    The helpless crybaby act, often employed in these situations, appears to have worked.

    http://www.independent.ie/irish-news/news/irish-benefactor-offers-old-family-home-to-evicted-pensioners-30460397.html

    Doesn't say where this house is located. I sincerely hope it's in an area that aesthetically pleasing.
    the_syco wrote: »
    LOL. Can see them not taking it.

    Can we improve the tone of the posts please?

    Moderator


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 2,674 ✭✭✭Skatedude


    been single = pretty much no hope of getting a mortgage for anything in dublin.
    I could just about afford it if it's in the middle of nowhere, but all my family and friends are in dublin.

    Mind you ,most of my cousins etc my age are all in the same boat. either still living in parents or had to move back in. The family homes are all worth quite a bit now, but no use as nothing we can do short of selling the family home and all move way out of the cities.

    I currently earn about 2200 a month which is ok, a 30 year Mortgage for 300000 would be app 1500 a month which actually wouldn't get any house in my area, and or course i wasn't earning that type of money for most of my early career.


  • Registered Users, Registered Users 2 Posts: 3,627 ✭✭✭dubrov


    In fairness, boom or bust, it has been a long time since te prce of family homes in good areas were based on a single person's salary


  • Registered Users Posts: 202 ✭✭Dredd_J


    Single people buying houses would drive the price of those houses for the people who actually need them higher anyway.
    Single people dont need to own a 3 or 4 bed house.


  • Registered Users, Registered Users 2 Posts: 9,189 ✭✭✭Royale with Cheese


    What do they need?


  • Registered Users, Registered Users 2 Posts: 9,456 ✭✭✭Shedite27


    Dredd_J wrote: »
    Single people buying houses would drive the price of those houses for the people who actually need them higher anyway.
    Single people dont need to own a 3 or 4 bed house.
    Agreed, there's about a million people in Dublin, half of which are single. That would be 750,000 3/4 bed houses people want. We need to get realistic.

    I realise my figures don't take into account a lot of things, but you see what I'm getting at.


  • Registered Users, Registered Users 2 Posts: 1,663 ✭✭✭MouseTail


    Shedite27 wrote: »
    Agreed, there's about a million people in Dublin, half of which are single. That would be 750,000 3/4 bed houses people want. We need to get realistic.

    I realise my figures don't take into account a lot of things, but you see what I'm getting at.

    In some cases they do, and illustrate in some way the changing housing demand. After marital or relationship breakdown, both parents might need a 3 bed house or apartment. Our planning and construction levels have been totally out of kilter with demographics for years, and I don't see a correction any time soon, 2020 is what policy is aiming for.


  • Registered Users, Registered Users 2 Posts: 484 ✭✭Eldarion


    Dredd_J wrote: »
    Single people buying houses would drive the price of those houses for the people who actually need them higher anyway.
    Single people dont need to own a 3 or 4 bed house.

    You can't recommend people buy on the assumption of living in place for 10-15 years and for them not to take future proofing into consideration. Just because a single person doesn't currently fully utilise a 3 or 4 bed house doesn't mean they won't in the near future.

    Anyway, whether or not a single person "needs" a 3 or 4 bed house is irrelevant. We live in a capitalist society, if a someone wishes to buy an asset, and has the means to do so at what the market is offering, then they can buy the asset. If they can't, well those are the swings.


  • Registered Users Posts: 470 ✭✭Mr.McLovin


    any single person with a shred of sense would invest in at least a 3 bed, circumstances change, one minute you're free and single next minute you have a girlfriend pregnant with twins!

    also having 2 rooms to rent out if you fall on hard times always helps and who wants to risk being stuck in a 1 bedroom shoebox apartment and not be able to offload it, too many people have been burned with that type of thinking. The property ladder ideals of past has too many people nervous with such a volatile and uncertain property market, not everyone fancies being a landlord either!


  • Registered Users Posts: 2,108 ✭✭✭Electric Sheep


    dubrov wrote: »
    In fairness, boom or bust, it has been a long time since te prce of family homes in good areas were based on a single person's salary

    They never were. This notion that a single person should be able to afford a family style home in a good area is a celtic tiger hangover.


  • Registered Users, Registered Users 2 Posts: 9,189 ✭✭✭Royale with Cheese


    Why would I buy a place as a single person on the assumption I'll never need the extra rooms. I would not get a 25/30 year mortgage for a place I wouldn't be able to live in for 25/30 years. I'm sure people who bought apartments in their 20s during the boom can understand that.


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 9,189 ✭✭✭Royale with Cheese


    They never were. This notion that a single person should be able to afford a family style home in a good area is a celtic tiger hangover.

    The "traditional" family model in this country would often have involved one salary anyway. Even on two salaries, if a couple has kids I can't see how they'd be much better off than a single person without the expenditure that goes with them.


Advertisement