Dublin estate agent advert
1 in 5 renters are spending 40% of their income on rent. 1in 10 are spending 60% of their income. According to data, between 2010 and 2019, the US city whose rents rose fastest was Aurora Colorado at 70%; in that time rents in Dublin rose 100%, Galway 90%, Limerick 89%, Cork 84%.
— The Currency (@thecurrency) February 7, 2020
One hundred per cent.
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Rent increases are too high in Dublin (and Ireland) but this in not accurate:
1. this ignores the fact that rental prices dropped by 25% from 2007 to a low of 2010 (so are starting at the lowest price in 2010)
2. the “100%” number quoted is suspect. The number from PRTB is 75% (Q3 2010 to Q3 2019)
3. If you look at 2007 through 2019 the difference is ‘only’ 31%
https://onestopshop.rtb.ie/news/q3-2018-rent-index
Get outta here with your facts and verifiable information…….rabble rabble…..landlords bad…….
Accusations of being a Blueshirt in 3…….2…….
Only a 75 per cent rise?
That’s OK then
Lol, well done scottser 75% is SO MUCH BETTER. The bang of desperation from cian and his fellows on BS is sweet.
Nobody’s saying the job is done. We can and will do better. What we are saying though is that we’re making progress and moving in the right direction. From 100% to 75%, we’ve effectively cut rents by 25%. That’s more money in families’ pockets.
Eoghaning it.
I literally say that the rents were too high. It’s not okay.
But the 100% figure is incorrect and misleading.