Anyone else want to reminisce about back went Dublin was merely expensive and not eye-watering and unsustainably exhorbitant as it is now? Important to not fall into the trap of thinking our current situation need be regarded as normal. https://t.co/AIYydSOfon
— Dublin Central Housing Action (@D_C_H_A) March 15, 2019
Lived in Dublin 2006-2009, last days of the Celtic Tiger, hard to get a flat. Paid €450 for a double in a tiny 3 bed. Thought THAT was out of control. Now a friend pays double that for a room in a 4 bed in Ballsbridge. His one room costs more than my mortgage in Montreal.
— Emer O’Toole (@Emer_OToole) March 15, 2019
Anyone?
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repeat after me. uncontrolled non EU immigration on students visas is not exacerbating the housing crisis. #contolthecontolables
Renting is very expensive vs most long term affordability (ie vs wages) metrics. Buying/mortgage is not, just moving towards upper bound.
Buying in Dublin is quite expensive when your property is losing an average of €6,000 (1.6% of €368,000 median) of its value in a month! Isn’t that what happened in January 2019, but, alas, none of fearless media is fearless enough to report it.
https://cso.ie/en/releasesandpublications/ep/p-rppi/residentialpropertypriceindexjanuary2019/additionalindicators/
I reckon the eejits paying €295,000 for “Dublin’s narrowest cottage” in Dublin 8 – heavily promoted by the Irish Times and its new acquisition, the Irish Examiner – will be crying into their negative equity cups in no time at all.
You won’t see Broadsheet reporting it either.
Yeah, no one is reporting it
https://www.independent.ie/business/personal-finance/property-mortgages/property-prices-fall-for-the-third-month-in-a-row-as-demand-eases-37915787.html
Our mortgage rates are indisputably higher than the european average.
Not to mention that in order to make payments on a mortgage you must first have a mortgage to make payments on, which means you have convince a bank to give you a mortgage, and good luck with that
My parents got a council house in 1960 in Dublin 14. They rented the house from the council for over 20 years and eventually bought it for £6,000 punts. We sold that house at the start of the year for €540,000
I rent in Dublin 14. This makes me sad. Happy for your family, obvs: what’re you going to do, but still.
where exactly ?
That ruins the fun though
Rathfarnham, innit.
Rathfornhem you mean.
Which means that the house is no longer in council stock = why we have the local authority housing shortage today.
It’s all Frank’s parents’ fault!
Yeah. Here Frank, slip us 10k there and I’ll ask Bodge to remove my comment. Deal?
I had an old one bedroom house associated to a manor in Old Welwyn Herts. Van Gogh lived there for a bit, whilst travelling – there’s a blue plaque. Also down the road a bit, there’s a pub amidst the wheat growing, George Bernard Shaw stayed for a while – it’s called Shaw’s Corner.
I paid £425 per month in ’99 – J.C alone knows how much it costs now.
Long time Shayna. How you keeping my dear?
I’m good, Millie, go raibh maith agat. I’ve been away, no not toThe Journal.ie.
Spain
So greedy greedy greedy greedy!
the studio version
https://youtu.be/FO8OckwyJwE
comparing 2011 and now doesn’t matter if you didn’t have a job in 2011 and you do now, thats the situation of a lot of people. I’m not saying it’s not exorbitant, but I didn’t have 300 euro a month in 2011, I’m closer to having the 700 pm than I was the 300 back then
go away with your logic and actual thought out reasons. just inane ‘my rent was x now its y’ comments allowed.
That’s a nice anecdote but it doesn’t correspond with the % increase in rents and cost of living versus the % increase in wages since 2011.
It’s not an anecdote, nothing to do with wages, all to do with demand. Look at numbers working now v 2011 and net migration.
Doesn’t mean rents are affordable now, where the wages argument comes in.
In 2010 I rented a 2 bed apartment with a friend on the top floor of The Alliance Building in the Gasworks in D4 for €1,300/m. Now a decade later they are €4,500/m according to the below article! They haven’t trebled in size, nor has my salary since then! Thankfully over a decade of renting in D2,4 & 6 areas I’ve only ever paid rent for a double room in the range €600-750 p/m – but I know I got lucky with my current rental situation and the rent increase cap before the massive rises in past few years and the rent cap keeps increases manageable.
https://www.independent.ie/business/personal-finance/property-mortgages/us-investors-reap-dividends-as-home-ownership-falls-37883907.html
I was there too. Even though they are some of the best apartments in the city they are still mean in scale and not designed for long term living. Once NAMA sold the whole block the rent was only going one way.
“Housing is a human right” if you can afford it