A single person needs to earn 70k a year to afford the cheapest affordable housing in Dublin.
— Daithi (@daithigor) September 15, 2019
Gulp.
Anyone?
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A single person needs to earn 70k a year to afford the cheapest affordable housing in Dublin.
— Daithi (@daithigor) September 15, 2019
Gulp.
Anyone?
As I say: sacrifice to Moloch, you’re only option.
Jaysus, is it that bad now?
Won’t my Deliveroo wages cover this?
There are way cheaper options to house oneself; I suspect that these units might be aimed at working families on two incomes.
you suspect wrong.
Sure the only way to get a house these days is to win one in a raffle
Or have a few kids.
Such a lazy stereotype.
he’s not wrong, though.
Yeah maybe years ago. Now it’s less so.
It’s a lazy stereotype.
Is this new?
It has been 2 generations since a single salary could afford a house in Dublin. Thanks feminists.
It really hasn’t. The cost of a house in Dublin the 80s factoring in inflation was the equivalent of about €80,000 today.
In 1980 the average house prices (Ireland) was 32,974, average industrial wage was 6,400 and mortgage interest rates were around 14%. A 20-year mortgage would have cost 413 per month (4,963/year) – 78% of a single before tax income!
ouch, fact burn
What’s a 20 year mortgage?
Mid 90s, modest 4 bedroom semi in a new development cost £58,000 (c€70,000).
Bought on a salary of around $15k (€18k) with savings of £10k (€12k).
Unbelievable today.
There was a sweet spot in 1994/1995 where houses were very affordable (in hindsight). Interest rates in 1993 were 14%… but they dropped to 7.5% in 1994… then remained around 6-7% for the rest of the decade. House prices doubled between 1995 and 1999.
almost as if there is a link eh? lowering interest rates inflates asset prices. Couldn’t be, its all the forridners and the gubberments fault.
There is this number coming from?
Just bought 2-bed apartment in Dublin (within M50 ring) on €60k.
I just searched on daft, and the only thing I saw for less than €60k in Dublin are side-garden sites…
I took it that James is earning 60K
This.
ah you are right, maybe it’s me that’s daft…
Thanks blushirts
Jeepers, €40k average (mean) wage, €30k average (median) wage. So, it requires at least two average wages to pay for the most basic affordable home.
FG 2011-2019 have created the worst housing crisis in the nation’s 100 year history.
Yeah, but fellow-unconcerned citizens keep voting for them…the voter is to blame for not thinking about what they are doing and examining the BS at election time. There is a social time-bomb ticking louder than any time in recent history, we seem to have state governance for a population of 2.5 million people, not the near 5 million…possibly 7 million after brexit…
survival of the fittest
a core tenet of FG’s Tory ethos
Survival of the well connected ,
Your average FG-er would be the first to go in a hunger games senario
Nonsense – the Dept of Social Welfare spend last year was €20bn; if you are unable to provide for yourself, the state will provide you a fairly high standard of living, indefinitely.
It’s like the polar opposite to Hunger Games
As James pointed out above, there are plenty of options that are more affordable; not walking distance from the city centre, for sure, but they’re out there.
Oh but we need social housing so that people who don’t work and have kids can get one for free.
neuter the unemployed