Tag Archives: Housing crisis

University College Dublin (UCD ) President Professor Andrew Deeks. 

This morning.

Via Irish Times:

The most expensive student accommodation rooms on the Belfield campus are set to increase from €8,815 a year to nearly €10,000 under the plans. Accommodation in the other student housing blocks would increase from €7,114 to €8,000 for the nine-month academic year.

“We’re not out to make money from the students, we’re out to put additional student residences into the market,” he said.

Prof Deeks said while students had reacted “quite emotionally” to the increase, he had discussions with the students union on Thursday “to allow us move forward in partnership”

Student reaction to rent hikes ‘emotional’, says UCD president (Irish Times)

Pic: UCD

In fairness.

This afternoon.

Grove Road, Blanchardstown, Dublin 15

Luke McDermot from Mulhuddart with Mason Flood (in buggy) from Tyrelstown lets it rip outside Fingal County Council’s Blanchardstown offices protesting over the housing crisis.

Later…

Don’t be ashamed, Luke.

It’s good to vent.

Rollingnews

From top: Arthur Griffith’s home from 1911 to his death in 1922: Arthur Griffith entering the house with daughter Ita (left) and Nevin (right)

Via Daft:

Arthur Griffith, founder of Sinn Fein and former President of Dail Eireann resided at 122 Saint Lawrence Road between 1911 – 1922.

This property produces annual rental income of €76,776 and includes rental income from a commercial garage to the rear.

The accommodation extends to 1,862 sqft/173 sqm overall and is divided up into 7 self-contained flats

St Lawrence Road, Clontarf, Dublin (Daft)

Thanks Tom

Griffith pic via General Michael

The Story of James.

Louise Hannon writes:

An interview with James who lives in a soggy tent by a roadside in Dublin watching rough sleepers die.

From the perspective of FG who are not building social housing in the numbers needed, this man is just collateral damage. Expendable.

We are better than this.

Louise Hannon

Previously: At Leeson Street Bridge

Last night.

Minister for Housing Eoghan Murphy posted the above election campaign video in which he spoke to his orange-coloured raincoat-clad supporters about housing and homelessness.

Meanwhile…

On Saturday…

Hmm.

Earlier: Climb The Property Ladder

Previously: Putting Up

At Leeson Street Bridge [Updated]

This morning.

Outside Dublin City Council’s offices on Wood Quay, Dublin 8.

A protest highlighting Ireland’s growing homeless and housing crisis – organised by Inner City Helping Homeless, of which Cllr Anthony Flynn (above) is founder and Andy O’Sullivan (pics one, two and three) is a volunteer – is taking place.

Top pic: Hannah Elizabeth Murphy

Yesterday: Working Rough

Sam Boal/Rollingnews

UPDATE:

Good times.

College living: the pitfalls of buying property for your children (Conor Pope, The Irish Times, subscriber only)

Previously: The Property Porn Hub

No Regrets

Um.

In the last few years, Dublin has become one of the world’s 10 most expensive places to rent, ahead of cities like Tokyo, Sydney and Singapore.

Deutsche Bank reported in May that typical rent for a midrange, two-bedroom apartment in Dublin was $2,018 a month, 23 percent more than in 2014 — the biggest increase of any city in the top tier.

…“You have a generation being locked out of the Irish social contract,” said Rory Hearne, a lecturer in the sociology of housing at Maynooth University.

“A lot of young people are now realizing they will never own their own home, and that is a particularly terrible outlook when you live in a country where a house is usually your main asset for retirement.”

…The Irish division of Savills, an international property company, predicts that rents will increase an additional 17 percent over the next three years.

…It now costs far more to rent than to pay off a mortgage. The property website daft.ie recently reported that the monthly mortgage payment on a two-bedroom house in the city of Cork would be about $700, but the same house would cost almost $1,300 to rent.

Home prices have rebounded since the recession, but homeownership has not, in part because people paying high rents often cannot save for down payments.

To curb dangerous lending and borrowing, the Central Bank of Ireland in 2015 capped mortgage loans at about 3.5 times the buyer’s annual income, but the median price is about 5.6 times earnings.

Housing Crisis Grips Ireland a Decade After Property Bubble Burst (New York Times)

Rollingnews

Dublin Rental Investigator tweetz:

The reality of Co-Living is 9 in a 2-bed flat @MurphyEoghan A 2-bed flat at 58 Clanbrassil Street sleeps 9 @DubCityCouncil Sharing one kitchen, one bathroom. Earning €43k a year for a 2-bed flat. No @RTBinfo registration=Licensee=Zero Rights

58 Clanbrassil Street Lower, The Five Roads, Dublin 8 (Daft.ie)