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Affordability of Property and Irish Wages/Salaries

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Comments

  • #62
    zl1whqvjs75cdy
    Closed Accounts Posts: 4,042 ✭✭✭zl1whqvjs75cdy


    Cyrus wrote: »
    pretty common in d15 no?

    O common alright but moving a house from blanch to castle knock adds 100 k to the price. People are funny


  • #63
    mariaalice
    Registered Users Posts: 12,361 ✭✭✭✭mariaalice


    The reason older established suburbs are popular is the general infrastructure and in Dublin education, the older suburbs tend to have very good schools just look at the school league tables the pre-1970s suburbs also tend to have a better mix of housing and houses with garages and large gardens. That is what put prices up its interesting to look at the very good nonfee paying schoosl and the cost of housing around them.


  • #64
    accensi0n
    Registered Users Posts: 2,738 ✭✭✭accensi0n


    draiochtanois wrote: »
    Too many people focus on wages when in tech tcomp is what is driving the ability to buy and hence the housing market.

    A tech worker might have a salary of 80 - 90k but also pulldown another 150k in share related income.

    five years of that is 375k after tax - a couple like that makes it 750k and they still had their salaries all that time too.

    Tech is the new banking.

    Think your share amount is far overstated. If not, then I'm moving to a different tech company!


  • #65
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    draiochtanois wrote: »
    This post has been deleted.
    Few and far between tbh.

    Might have €150k in sellable shares after five or six years, if they've gotten lucky enough to have chosen the right company.

    The majority of tech workers will have share options which increase in value by inflation, at best.

    Getting €150k in share-related income every year? Nah. That was 20 years ago, maybe. And then if you were lucky enough to get in on the ground level with big brands.


  • #66
    draiochtanois
    Registered Users Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


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  • #67
    beaz2018
    Closed Accounts Posts: 173 ✭✭beaz2018


    every few months this forum goes from a property discussion to a "how much do they get paid" argument, looking forward to this one ending soon


  • #68
    Bluefoam
    Registered Users Posts: 7,710 ✭✭✭Bluefoam


    beaz2018 wrote: »
    every few months this forum goes from a property discussion to a "how much do they get paid" argument, looking forward to this one ending soon

    plus the "I'm an incredible landlord" threads... amatures should sell up and go home


  • #69
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    draiochtanois wrote: »
    This post has been deleted.
    Might just be different experiences, but I've reviewed many job specs and done quite a few interviews over the last five years and haven't seen anyone except startups offering actual stock in compensation.

    Like I say, could be just differing experiences, I tend to avoid big, big tech companies. Maybe they do offer actual stock and not just options.


  • #70
    zl1whqvjs75cdy
    Closed Accounts Posts: 4,042 ✭✭✭zl1whqvjs75cdy


    My missus works in an established tech company and gets some decent shares every year, but only about 10 k a year. I work in pharma and get **** all :(


  • #71
    [Deleted User]
    Posts: 17,728 ✭✭✭✭ [Deleted User]


    draiochtanois wrote: »
    This post has been deleted.

    You also don't get that loads of folk working in the companies you mention are paid peanuts and those on the figures you mention are not a huge proportion of the house buying public.


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  • #72
    Cyrus
    Registered Users Posts: 19,664 ✭✭✭✭Cyrus


    beaz2018 wrote: »
    every few months this forum goes from a property discussion to a "how much do they get paid" argument, looking forward to this one ending soon

    you need to get paid to buy a property ;)


  • #73
    Cyrus
    Registered Users Posts: 19,664 ✭✭✭✭Cyrus


    seamus wrote: »
    Might just be different experiences, but I've reviewed many job specs and done quite a few interviews over the last five years and haven't seen anyone except startups offering actual stock in compensation.

    Like I say, could be just differing experiences, I tend to avoid big, big tech companies. Maybe they do offer actual stock and not just options.

    All of the established ones give RSU's.


  • #74
    Hunchback
    Registered Users Posts: 1,629 ✭✭✭Hunchback


    Interested Observer wrote:
    Considered relatively posh is a nonsense. What does it even mean?

    Presumably desireable


  • #75
    Hunchback
    Registered Users Posts: 1,629 ✭✭✭Hunchback


    Interested Observer wrote:
    Considered relatively posh is a nonsense. What does it even mean?

    Presumably desireable


  • #76
    LirW
    Registered Users Posts: 4,825 ✭✭✭LirW


    It's all good, seems we all need to work in a big 4 as either account, lawyer or coder in order to buy in Dublin; silly me, how did I not think about that earlier!
    All the chefs, care workers, civil servants under HEO grade, nurses and guards can go to shoite and move to Balbriggan, they're not worthy for city residence.


  • #77
    keane2097
    Registered Users Posts: 17,770 ✭✭✭✭keane2097


    draiochtanois wrote: »
    This post has been deleted.

    Is the notion here that more than a handful of people in Facebook, Google and Microsoft in Dublin offices are being given 50k+ a year in RSUs?


  • #78
    Corb_lund
    Registered Users Posts: 110 ✭✭Corb_lund


    LirW wrote: »
    It's all good, seems we all need to work in a big 4 as either account, lawyer or coder in order to buy in Dublin; silly me, how did I not think about that earlier!
    All the chefs, care workers, civil servants under HEO grade, nurses and guards can go to shoite and move to Balbriggan, they're not worthy for city residence.

    Society will value things differently, just like revenue generators in a firm will earn more than say ops etc

    Not sure it's feasible for everyone to have their choice of place. If more than one person wants somewhere there will be a price premium.

    Care workers, nurses etc are always going to fall behind that curve?


  • #79
    Corb_lund
    Registered Users Posts: 110 ✭✭Corb_lund


    keane2097 wrote: »
    Is the notion here that more than a handful of people in Facebook, Google and Microsoft in Dublin offices are being given 50k+ a year in RSUs?

    No but there are a lot of people being paid substantially more than some professions. My boss earns multiples what I do and the senior management earn multiple tens times as much as me.

    Hell even just drive down through business estates at the different units. A boss owns those buildings and will have more resources etc


  • #80
    LirW
    Registered Users Posts: 4,825 ✭✭✭LirW


    Corb_lund wrote: »
    Society will value things differently, just like revenue generators in a firm will earn more than say ops etc

    Not sure it's feasible for everyone to have their choice of place. If more than one person wants somewhere there will be a price premium.

    Care workers, nurses etc are always going to fall behind that curve?

    I don't think it's often a case of living in your area of choice but living anywhere within a reasonable distance of work.
    It's all well and good talking about professional couples on quadrillion moneys but the reality is that most aren't.
    I don't think it's a solution to ship off people that earn median income to Kildare and let them commute in a sub-par transport system while the city is either for top earners or people in social housing.

    Yes, some people earn a lot but a hell of a lot more don't and fall behind. Upskill get isn't an option for everyone, some people love their meh paying jobs and not everyone can become a lawyer. Are they less deserving of a house anywhere close to work that's not a ridiculous commute?


  • #81
    Cyrus
    Registered Users Posts: 19,664 ✭✭✭✭Cyrus


    LirW wrote: »
    It's all good, seems we all need to work in a big 4 as either account, lawyer or coder in order to buy in Dublin; silly me, how did I not think about that earlier!
    All the chefs, care workers, civil servants under HEO grade, nurses and guards can go to shoite and move to Balbriggan, they're not worthy for city residence.

    Everyone can’t have what everyone wants , so obviously those who earn more will get to live in the best areas how else would it or should it work


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  • #82
    Interested Observer
    Registered Users Posts: 12,999 ✭✭✭✭Interested Observer


    keane2097 wrote: »
    Is the notion here that more than a handful of people in Facebook, Google and Microsoft in Dublin offices are being given 50k+ a year in RSUs?

    Some might have been awarded stock that ended up at that value, sure.

    I know someone who works for one of those companies, they we given stock worth about a years salary that vests over a number of years. But the share price is set at the start of employment so if the share price goes up a lot over the course of employment you can end up with a lot of money.

    I have no idea if that's generous or not as things go, there might be another company that gives you two years salary worth, I have no idea.


  • #83
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    Didn't the last time we had this argument, or was it the time before that - someone linked a % of households earning over X grapgh and the households over 100K were in the top 95th percentile IIRC.


  • #84
    Baby01032012
    Registered Users Posts: 1,622 ✭✭✭Baby01032012


    Bluefoam wrote: »
    plus the "I'm an incredible landlord" threads... amatures should sell up and go home

    No likes for your post...go figure


  • #85
    Interested Observer
    Registered Users Posts: 12,999 ✭✭✭✭Interested Observer


    Samuel T. Cogley wrote: »
    Didn't the last time we had this argument, or was it the time before that - someone linked a % of households earning over X grapgh and the households over 100K were in the top 95th percentile IIRC.

    I'm not surprised at all.


  • #86
    Corb_lund
    Registered Users Posts: 110 ✭✭Corb_lund


    LirW wrote: »
    I don't think it's often a case of living in your area of choice but living anywhere within a reasonable distance of work.
    It's all well and good talking about professional couples on quadrillion moneys but the reality is that most aren't.
    I don't think it's a solution to ship off people that earn median income to Kildare and let them commute in a sub-par transport system while the city is either for top earners or people in social housing.

    Yes, some people earn a lot but a hell of a lot more don't and fall behind. Upskill get isn't an option for everyone, some people love their meh paying jobs and not everyone can become a lawyer. Are they less deserving of a house anywhere close to work that's not a ridiculous commute?

    I'm sorry but if people are happy with their meh job then they can't be unhappy about living in a meh area?? Contrary to some opinions most people (outside of the ultrarich) actually work very hard to raise themselves above average and thus have above average cars, houses etc


  • #87
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    Corb_lund wrote: »
    I'm sorry but if people are happy with their meh job then they can't be unhappy about living in a meh area?? Contrary to some opinions most people (outside of the ultrarich) actually work very hard to raise themselves above average and thus have above average cars, houses etc

    A house in Kilbarrack now commands the guts of 325K. Meh workers as you folk are putting it would no doubt be delighted with a meh area.


  • #88
    beaz2018
    Closed Accounts Posts: 173 ✭✭beaz2018


    what does "meh" stand for?


  • #89
    zl1whqvjs75cdy
    Closed Accounts Posts: 4,042 ✭✭✭zl1whqvjs75cdy


    beaz2018 wrote: »
    what does "meh" stand for?

    Think its the opposite of posh that we had a chat about 2 pages ago.


  • #90
    Shedite27
    Registered Users Posts: 9,361 ✭✭✭Shedite27


    Samuel T. Cogley wrote: »
    Didn't the last time we had this argument, or was it the time before that - someone linked a % of households earning over X grapgh and the households over 100K were in the top 95th percentile IIRC.

    Can't find the link but about a year ago I read that 7% of households earn more than €100k


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  • #91
    ELM327
    Registered Users Posts: 21,353 ✭✭✭✭ELM327


    Shedite27 wrote: »
    Can't find the link but about a year ago I read that 7% of households earn more than €100k
    That's households though.
    Not individual earners.


    My household is hovering near that mark. And we're not well off, or even near it!
    100k for 2 incomes is not lots.


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