32 thoughts on “How Much?

  1. Rob_G

    There are way cheaper options to house oneself; I suspect that these units might be aimed at working families on two incomes.

    1. george

      It really hasn’t. The cost of a house in Dublin the 80s factoring in inflation was the equivalent of about €80,000 today.

      1. Cian

        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!

      2. Pip

        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.

        1. Cian

          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.

          1. Qwerty123

            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.

  2. eoin

    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.

    1. Kolmo

      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…

        1. Rob_G

          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

    2. Rob_G

      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.

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