An ad from the late 1980s, early 1990s…
Caoimhín Ó Ghoul tweetz:
House for sale in Ballybrack, only €35,000. You won’t find it on @daftmedia…
Meanwhile…
On Daft.ie…
Residential Property Price Register (Daft.ie)
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Everything. As It Happens.
caoimhín! Wtf! Inflation has happened over 35 years!? When will the madness stop
House price inflation isn’t the same as inflation.
It would be useful to look at the average wage today compared with the late 80s/ early 90s.
The increase in double income households, also.
The CSO has a handy tool for comparing real wages with yesteryear.
1988 the equivalent real weekly wages *drumroll* €466.93
Source
https://www.cso.ie/en/releasesandpublications/ep/p-hes/hes2015/aiw/
More than I make, that’s for sure.
Sad face.
Irish man discovers houses were far cheaper before the boom, expresses surprise.
Yes, I would say that you would not find 30-year old advertisements for long-sold houses on Daft’s website; it doesn’t strike me as a great use of their servers, personally…
I know, but think about how much they will be worth in 20 years!! (the answer is 15% less then what you paid for it ) but look. it either get a huge mortgage of get bent over by a landlord. of stay with maw and paw for nothing., and hope to let the house as inheritance. like that one useless sibling we all have that can hold down a job, who will be handed a 400k asset and have no appreciation for it whatsoever.
I dunno, he can hold down a job, that doesn’t sound useless
meant to say can’t. ability to edit is a bit temperamental round these parts,
Inflation doesn’t explain this. And 1983 is not the late 80s.
Inflation would account for an increase of about 300 percent not 1000
Don’t forget mortgage interest rates back then were into double digits…
They were also only 15 years in length.
It should be noted that that area has changed quite a bit in 35 years and I would call that area Loughlinstown more than Ballybrack.
1000% baby!
€35,000? in the 80s? Shirley it was sold in punts?
in 1990 the average house price in Ireland was €63,954 [average mortgage interest was 12.37%].
So this was very cheap.
This was not the 90’s. The Dublin suburbs are full of this style of house – they were built in the late 70’s/early -mid 80’s
I just clicked on the tweet – 0 favourites, 0 retweets. Slow news day at BS towers…
Jaysus your an awful buzzkill