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29-10-2018, 17:45   #106
Ursus Horribilis
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I agree that the odds are stacked against single buyers. I bought on my own so I know how hard it is to get the deposit together, to house-hunt and to pay for the upkeep of one. The mortgage is only the start of the bills that never stop coming through the letterbox. As things stand for you, OP, you're going to find it hard to buy anything that isn't a shoebox or in an undesirable area. It's not nice to read that but it's the truth.

We'd all like to have an 80k job but they're not things that fall into anybody's lap. If you don't want to leave your existing job, is there anything you can do to enhance your position and move up the ladder? Can you upskill or do extra training courses, for example?
Other than that, all you can do is grit your teeth, make sacrifices and look at it as a short-term pain for a long-term gain.
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29-10-2018, 17:52   #107
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Dublin's a horribly dysfunctional housing market anyway. The days of someone on a modest income being able to buy a 3 bedroom semi-D in a reasonable are long gone. It is wrong but the market has been out of whack for a long time.

Personally, I think far too many people and jobs are in Dublin. The city's bursting at the seams and there isn't the housing or infrastructure for everyone. They should be encouraging more skilled industries to set up in the regions, and not just be funnelling everybody towards Dublin.
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29-10-2018, 17:53   #108
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The government don't set the prices... Nor do they set the central bank rules. The price of houses is set by market forces and the central bank set the rules based on economic and social criteria.

The reality is that the high prices are due to demand and allot of people can afford the prices. Average salaries etc become irrelevant, only what buyers and afford and are willing to spend. Like I said earlier, renting for life is a reality for many people in the future.
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29-10-2018, 17:56   #109
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Come on I didn't mean "oh they won't let me buy because I'm single" I mean that a requirement to buy your own home shouldn't rely on two incomes. There should be help or options for those who aren't in that situation. We should be encouraging people to make this moves not making it harder for them
I understand exactly what you meant. My point remains. There was another poster here a few weeks ago with similar gripes and that OP was given pretty much the same advice. The fact is that is the housing market in Dublin. It's rubbish but that is the reality.
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29-10-2018, 18:06   #110
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29-10-2018, 18:08   #111
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29-10-2018, 18:38   #112
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It's very hard to know what's going on. When we had the last bubble, there were economists like David McWilliams, Morgan Kelly and Alan Ahern calling out the bull**** and cheerleading. There were also TV documentaries such as Future Shock and the website The Property Pin. This market is being buoyed by a lack of availability more than banks throwing money at anyone and everyone.

Everybody is going to have their own opinion so all I can advise you to do is keep an eye on the news, read websites and don't trust everything you hear. Also, don't panic buy. I think for now, keep your options open and keep saving
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29-10-2018, 21:29   #113
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Banks are lending based on strict rules ,3 .5 times salary. x per cent deposit etc
this is not 2004 , when joe bloggs who works in dunnes stores , earning 10k could borrow 120k to buy a house in cavan.I think you will have to save alot, and have a good credit rating and maybe you,ll be able to by a 1 bed apartment .
Most people end up buying something at some point, the choice is buy
a property or pay very high rents in dublin .
Most people had to save for years to get the deposit to buy a house, its not easy.
I do,nt think anyone is panic buying in dublin, prices are high ,but its not like in 3 months a 1bed apartment will cost 30k more than today.
IF there,s an slowdown in the economy it wo,nt be caused by reckless
lending by the banks .You have to think it through ,
do you wish to stay in dublin.IF you wish to buy property in dublin
it,ll require some planning.
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29-10-2018, 21:37   #114
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Done.
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