With the general election looming, I really want to try and understand why the cost of housing for your average Joe is so astronomical in Ireland, especially Dublin, before I jump on the "it's all the politicians' fault" bandwagon- even if that does turn out to be the case!
I used to live in Birmingham, a city of a similar size to Dublin, for around 4 years. I lived in the city centre, in a 2-bedroom flat (old-ish, nothing spectacular, but nice, big bedrooms etc), next to Broad St, with a housemate, and our rent was £600 total, so £300 each per month. Now, this is not me having a whinge and a moan, I have zero desire to move back there, but I'm genuinely trying to understand why an apartment in a similarly centrally located part of Dublin would probably cost around €1900 to rent.
You usually hear it's a case of supply vs demand, but why is supply so low? Why is the cost to build so high? Why are there so few landlords, seemingly, compared to regional UK cities?
Would be good to strip all this back to basics and understand how it has come to this. The cost to buy is also quite high, but rent is the real killer, IMO. Would be great to hear from people who know about such things and hear their takes on it.
Basically, how much grief can I give the FG canvasser when he comes knocking on my door over the coming weeks!