Property prices outside the Pale

Xios wrote: »

I don't think being close to home is that big an issue with my generation, sure half of us fecked off to the other side of the planet for better opportunities, an hours drive is nothing in comparison.

I'm pretty sure I am your generation

We do have an issue somewhat in Ireland in that we persist with the buy early mindset (back in the bubble days I remember guys of 22/23 being encouraged to buy themselves an apartment as soon as they can convince the bank to give them money), but we're not actually "settling down" until much later.

Thus, so many people have found themselves with properties that were great buys for a 22 year old with no responsibilities and who had plenty of places they could crash with mates, but suddenly they're 32 with one child and a second on the way, and suddenly life isn't even remotely as flexible as it used to be. And so they don't want to be getting up an hour before their children and getting home an hour after they go to bed, and spending hours in every weekend travelling to go anywhere.

And so a 3-bed semi-D within walking distance of shops & parks, a 45 minute bus trip from work and a 20 minute drive from grandparents, becomes more important than the extra money you may save by moving further out.

Some people spend their youth and time earning money for their retirement, but then they get to retirement and would gladly give up all the money they earned to buy back some youth and time.

quadrifoglio verde wrote: »

Have you ever experienced the 16 bus at 8 O clock in the morning. I've walked into town from rathfarnham faster than the 16 would get you there.

Which is why I mentioned a bike. You could cycle from the M50 to the IFSC in 30-35 minutes tops...and it'd be cheaper than any commute from Athlone/Dundalk/Tullamore

If you switch from a 30-minute commute to a 90-minute commute, you're paying to do overtime. Someone on 30k who gets to work in half an hour is earning 15 quid an hour for the time they're either in work or travelling to and from work. If that person moves to a place that requires a 90-minute commute, and if they need that Taxsaver ticket and nothing else, their earnings per hour drop to about 11 quid.

they won't give a job to an "outsider" down in the sticks

they prefer to keep things local

Xios wrote: »

The point I was trying to make is.

A person willing to live and work outside Dublin is capable of affording their own property and have a decent standard of living on a Salary of 25,000-35,000, which I think is impossible in dublin a the moment. Anyone on that level of income is likely renting at 800-1000 a month or sharing to reduce the price.

My brother, who purchased property during the Boom, and has a family income of 70-90k per year is just barely getting by and still commutes an hour into dublin for work.

The commute in and out of dublin is a killer, but if you can get work outside the centralised location, then happy days.

I'd agree with some of your points there, but it is quite different from how you started the thread. Living and working outside Dublin is vastly different from living outside Dublin but having to commute. Commute costs (both financial and time-wise), as well as your overall quality of life, are massive differences between the two scenarios.

While the cost of living is higher in Dublin, it is also common to have higher wages in Dublin, which goes some way to offsetting those higher costs (though it doesn't fully).

Your brother's story doesn't really support your original post though. You said live outside Dublin, but commute in for work, would work out cheaper. But you're saying that's what he is doing, yet he is still struggling financially?
You're also factoring in a boom-time mortgage, which has no relevance to making the decision now to move out to the country, as you won't have to suddenly make payments on a boom-time mortgage.

It would be interesting to see what your brother's situation would be like, if he was to start working in the same field, in his local area. I'd imagine he might still find himself struggling financially (lower commute costs, but probably also a reduced wage), which would really suggest the problem is the boom-time mortgage.

I think, for most people (particularly those with young children), the best scenario is simply to live close to where you work, regardless of where that actually is.

Xios wrote: »

He lives in Dublin, not too far from me. He's only managed to afford the house because he didn't have to pay for child-care, living so close to the grandparents. Which is a + for dublin i spose. But that's situationally specific.

I agree, I veered off the main point, but this is After Hours, it's all about the chatter/banter, not serious debate.

But from my perspective and my current situation. I think the opportunity to afford a house (even if it is a fixer upper, which a lot of houses are) for 1,000 a month over 5/6 years. If I do get to start my new Career in the Gards, there is not a hope in hell could I afford a house in dublin without sharing it with a bunch of friends. Not even after 10 years service and a salary of 40k. So I'm going to actively be seeking to live outside dublin and work out there too.

I must have misunderstood your previous post, my apologies. I assumed "still commutes an hour into dublin for work" meant he was living outside the Dublin area, commuting into Dublin. I'm guessing he's living somewhere around the M50 then and commuting into Dublin city for work?

I wouldn't necessarily say the grandparents providing child-minding help is all that rare. All my friends/family who have had kids were also helped very regularly by grandparents (i.e. they didn't have to get any creche places, only montessori when they were ~3 years old).

I'd echo Saipanne though, why does it have to be a house. Just as an example, you get something like this: http://www.myhome.ie/residential/brochure/13-cedarbrook-way-cherry-orchard-dublin-10/2559408 (I just happened to notice it because it was very near the train station, when we were discussing Tullamore).
Or, something larger: http://www.myhome.ie/residential/brochure/32-mount-andrew-rise-lucan-co-dublin/2358837 (not many pictures though). If the new mortgage rules come in, that would basically be regarded as the max that a €40k salary could buy at 20% deposit (€36k + 3.5*40k = €176k, so you'd need an extra €4k deposit). However, if you needed a 4 bed, I'd expect you'd have a partner who would boost your borrowing capacity.

Senna wrote: »

To anyone working in Dublin, have/would you look for work outside Dublin, would it be a plan some day to leave Dublin?
I know there is very little work anywhere at the moment, but obviously there is as big a workforce in Dublin as there is outside it, only spread over a large area.

No.

I'm from Dublin, work here and have my house here so I wouldn't plan on leaving.

Im living in Dublin now. Ive lived outside of Dublin before (Arklow) and there's another element to think about - family and friends. If they are mainly based in Dublin then its the right pain trying to meet people / go to the pub etc. In Arklow id be rattling around, not knowing anybody. Then other things like the logistics of getting to the airport for example. Dublin is expensive but the drama of bigger living expenses can be offset by easier living in many other ways.

Also, I know of people in their 50 / 60s who sold their family home in Dublin and moved out to the country or downsized. They made a small fortune to then go off and live the dream travelling etc.

Having said all that - the traffic up here is a right pain.

o1s1n wrote: »

I was thinking about the possibility of selling my standard 3 bedroom semi D and moving down the country to a much larger house. Maybe quit my job and start trying to do the whole artist thing again.

Then I thought about the idea of being away from Dublin, sitting in a house in the middle of fields with nothing around me.. it sounds really grim!

You need the larger house to stop yourself from going insane. :pac:

Where in the country would you move to? Even the most rural of places is close to a town that would have everything you need, in fairness....

It's also such a small country that you're never too far away from a city

Not in Ireland at the moment. Do people think house prices and rent will drop slowly with that whole Mortgage being brought in? The must pay 20% of the value of the house up front. And the house can't cost more than 3 times your yearly income?

Or did I incorrectly

A short commute be ok looking into surrounding counties - Louth, Meath, Kildare and Wicklow. All accessible by public transport and by car depending how far into Dublin work be. You just go nearer to your route to work makes more sense?

To rent in Dublin has gone sky high. If I were to ever move back again I be looking outside the city near the suburbs that has a short commute or look into the surrounding counties. Where I'd end up in a job would determine where i'd move to though. I'd prefer south or north of the city where its near luas/train/m50. I still wouldn't fancy getting up at 6.30am to make it into the city on time for work even with a commute by train! I'd prefer the luas/bus with a short distance like Dundrum or Sandyford.