Im an Adult get me out of here. (TV last night)

I also bought a house at 22, I don't think your age really matters but where you are in life. I lived in rented flea pits, travelled and then took the plunge. If I want to travel again I will and i don't think that having said mortgage will really hold me down. Just need to plan better.

I agree with all the posts above re; postcode & location obsession. My place is on the commuter belt and we did sacrifice location (as in City ) for a beautiful house with the space we wanted. It is in my home town however and at the time we did draw a line where the arrow rail service ended. !

PS no help from Mammy & Daddy !
 
I boufgt at 27 but mortgages were smaller then. Bought my first house for 60,000 irish pounds. Don't see anything wrong with parents helping out children or taking help from parents if they can afford this and are comfortable with it. I didn't need my parents help but if I did they would have helped me out in as much as they could. They certainly helped with furniture donations and helped with appliances etc.. ;)
 
nothing wrong with your folks helping you out but problem i had with that show was that much was made of the fact that they are making this big independent step etc etc and it turns out that daddy would be still paying e1000 of their mortgage:eek:

there's a big difference between your parents helping you onto the ladder and being bankrolled
 
There seems to be a new line of thought running through this thread lately on which I'd like a bit of clarification.

To me it appears that people are saying that its perfectly ok for young people who are earning a decent salary to take a large amount of money from elderly people who more often than not have no equity to speak of apart from the value of their house. We're not talking about a couple of grand for a deposit, which is not unreasonable to ask for help with, we're talking about a large chunk of their mortgage.

That not only is this ok but that its also ok to take this money, not because these young people can't afford a home but because they want it in a particluar area and they want it now. They don't want to have to start off a few rungs below where they'd like to be and work towards it in the way that, oh I don't know, their parents did, they want it now.

Even if they paid their parents back they'd only be giving them back the money piecemeal and by the time its fully paid back its only use to their parents is so that they can leave it in their will.

Maybe its just me but I think that people who went through the crappy times in this country when jobs were scarce, taxation was around 60%, third level education cost thousands and mortgages were applied for in a kneeling position should be allowed to enjoy themselves if they find they are in a position to do so.

I don't blame the parents as they will generally subjugate their interests for those of their kids but their kids should have a sense of personal responsibility as well as repsonsibility towards their parents. If people keep going like this then a generation will die never having enjoyed the comforts and luxuries that their kids demand now.

That said, I still hold by my opinion that the rest of us should be grateful that southsiders are prepared to live in kennels that cost a fortune. Could you imagine how much more non southside houses would cost if these people brought their spending power out into the rest of the market. Plus the goverment must be taking a fortune in tax revenues from every hutch sold to these chumps.
 
icantbelieve said:
There seems to be a new line of thought running through this thread lately on which I'd like a bit of clarification.

To me it appears that people are saying that its perfectly ok for young people who are earning a decent salary to take a large amount of money from elderly people who more often than not have no equity to speak of apart from the value of their house. We're not talking about a couple of grand for a deposit, which is not unreasonable to ask for help with, we're talking about a large chunk of their mortgage.

That not only is this ok but that its also ok to take this money, not because these young people can't afford a home but because they want it in a particluar area and they want it now. They don't want to have to start off a few rungs below where they'd like to be and work towards it in the way that, oh I don't know, their parents did, they want it now.

Even if they paid their parents back they'd only be giving them back the money piecemeal and by the time its fully paid back its only use to their parents is so that they can leave it in their will.

Maybe its just me but I think that people who went through the crappy times in this country when jobs were scarce, taxation was around 60%, third level education cost thousands and mortgages were applied for in a kneeling position should be allowed to enjoy themselves if they find they are in a position to do so.

I don't blame the parents as they will generally subjugate their interests for those of their kids but their kids should have a sense of personal responsibility as well as repsonsibility towards their parents. If people keep going like this then a generation will die never having enjoyed the comforts and luxuries that their kids demand now.

That said, I still hold by my opinion that the rest of us should be grateful that southsiders are prepared to live in kennels that cost a fortune. Could you imagine how much more non southside houses would cost if these people brought their spending power out into the rest of the market. Plus the goverment must be taking a fortune in tax revenues from every hutch sold to these chumps.
Click to expand...

Didn't think that the girls parents were particularly elderly, nor do I see a problem with accepting help if offered by parents. Surely it's the parents responsibility to look after their own financial well-being first and foremost, and then to only help out with what they can afford.

Also, you mention starting off a few rungs below expectation and working upwards, but surely its just as chumpish to pay stamp duty on 3 or 4 houses to get where you want to be than it is to line the stamp duty coffers once, but in a big way? The transaction costs of making your way up the ladder are huge, and possibly counter-productive in this manner.

And for the record, we didn't get any parental assistance when buying our home. Nor am I a southsider. Just a devils advocate.
 
icantbelieve said:
If people keep going like this then a generation will die never having enjoyed the comforts and luxuries that their kids demand now.
Click to expand...


Or maybe we will have to do the same for our kids!
 
icantbelieve said:
To me it appears that people are saying that its perfectly ok for young people who are earning a decent salary to take a large amount of money from elderly people who more often than not have no equity to speak of apart from the value of their house. We're not talking about a couple of grand for a deposit, which is not unreasonable to ask for help with, we're talking about a large chunk of their mortgage.
Click to expand...
I bet they'd love to hear you call them elderly ;) But yeah I don't think that's an issue, they aren't exactly going to be in financial difficulties helping out their kids so yeah I think it's perfectly ok.

That not only is this ok but that its also ok to take this money, not because these young people can't afford a home but because they want it in a particluar area and they want it now. They don't want to have to start off a few rungs below where they'd like to be and work towards it in the way that, oh I don't know, their parents did, they want it now.
Click to expand...
Again I have no issue with that either. There's no reason why you should have to live where someone else says you should. If they want to live somewhere and they can 'afford' it, that's their business and nobody else's. It's a free country.

Even if they paid their parents back they'd only be giving them back the money piecemeal and by the time its fully paid back its only use to their parents is so that they can leave it in their will.
Click to expand...
Who says their parents want the money back. God only knows how much my parents spent on me during the time when I was dependent on them, they're not looking for it back. Just like here, there's no rule that says your parents have to stop funding you when you reach a certain age etc. If I was older and had money I'd have no issue giving it to my kids regardless of what age I was.

Maybe its just me but I think that people who went through the crappy times in this country when jobs were scarce, taxation was around 60%, third level education cost thousands and mortgages were applied for in a kneeling position should be allowed to enjoy themselves if they find they are in a position to do so.
Click to expand...
Who says they aren't enjoying themselves? It's quite possible they can afford to 'give away' 1,000 pm.

That said, I still hold by my opinion that the rest of us should be grateful that southsiders are prepared to live in kennels that cost a fortune. Could you imagine how much more non southside houses would cost if these people brought their spending power out into the rest of the market. Plus the goverment must be taking a fortune in tax revenues from every hutch sold to these chumps.
Click to expand...
I'm not from Dublin but I'm glad to see the tradition of saying whatever you want in Ireland when it's insulting Southsiders is alive and well. You can say whatever you want about middle class people in Ireland but attempt to make any sort of commentary on other social classes and you'll be shouted down in an instant with cries of elitism etc.
 
I have just a query to the people who bought when they were 22. How many of ye went to college. If you graduate from college at 21/22 how could you afford a deposit neve mind a mortgage for a house. If you have been working since leaving cert thenof course you have a few years earnings to bank on, but it is probably to the detriment of future earnings. You will be long enough earning and slogging, enjoy your youth
 
Working Full Time since Leaving Cert and going to college at nighttime and weekends over past couple of years.
So You can have the best of both worlds education, full time job and wages and your own property when your ONLY (as people keep pointing out) 22. And stil have a great social life and travel to Asia and around Europe, just have to get your priorties in order!
 
ludermor said:
I have just a query to the people who bought when they were 22. How many of ye went to college. If you graduate from college at 21/22 how could you afford a deposit neve mind a mortgage for a house. If you have been working since leaving cert thenof course you have a few years earnings to bank on, but it is probably to the detriment of future earnings. You will be long enough earning and slogging, enjoy your youth
Click to expand...
 
I got my deposit for first house during y2k IT boom by working abroad-was 2 years out of UNI. About 7 of my friends got deposits from parents and another guy worked in the mortgage industry. None of us from Dublin

I enjoyed the show
 
I dont see anything wrong with buyibng a place at 22. I bought aged 24 in 1997 and havent regreted it.
 
was posting this message to complain about the ridiculous replies that people are writing, but realise I am just as bad in that I'm doing the same!

not sure why people are so hung up with age and buying houses. Each to their own. If at 22, you were mature enough to buy a house and have a good social life, well more power to you. I think other people are simply jealous. I'm 27 and only wish i had the sense to save earlier!

I actually thought that programme was really funny! The girls were harmless and enjoying their life. So what if they didn't know much about houses....was that not what the presenter was there to guide them on????
 
I don't think there's anything wrong with buying a house at 22 or getting help from parents, if you are mature enough to make the decision and take on the responsibility of repayments (both to parents and the bank). But by the sounds of things, these two young women don't sound like that type.
 
ok, how many people bought as SINGLE people, not a couple or pair of friends? Any SINGLE parents buying houses? In Dublin, I mean.Is it even possible for one person to buy alone in Dublin these days?
 
Yes...think this is the saddest thing about the new emerging mis-"spent" youth. What a way to start adulthood..trying to buy ridiculously expensive property as if owning your own pad was a reason for living. We have produced a whole generation of youth who's great aspiration of the future will be to visit ikea and buy a swedish desgned kitchen!! Am surrounded by couples at least 10 years younger than me in a new estate and can't believe how sad their lives seem compared to mine as a free and easy renter at the same age.

I wouldn't mind but a lot of these young 'property owners' don't even have kids and yet they still sit in every weekend with a vid and a bottle of plonk (because thats the least you can do when you've spent a pile of money on a pile of bricks)!!!
 
People have different priorties in life, while I am so proud of my beautiful house other people are happy living in other peoples homes and paying their mortgage for them by paying rent.
Some people actually enjoy sitting in and have a video and bottle of plonk, so this wouldnt be classified to a mis spent youth to everyone!
 
momomo said:
People have different priorties in life, while I am so proud of my beautiful house other people are happy living in other peoples homes and paying their mortgage for them by paying rent.
Click to expand...

Uhem, I draw the line at calling a house I rent someone else's homes. I live in the house, it is my home. I may not own it, but that doesn't make it any less my home or any more theirs. They don't live there, ergo, not their home. Usually, they live somewhere else in a house that is their home. Currently I'm not even covering their mortgage.
 
I think there's still a lot of spite and begrudgery in Irish society. The fact that "paying off someone else's mortgage" is almost spat out when said just says it all for me.

It's not the money, even if the rent was only a couple of quid, it's this notion that someone else is getting rich off of you which seems to grate with a lot of people.
 
Myself and my boyfriend bought our first house in 2002 (2 years after leaving college - aged 23/24). We decided that we wanted a home (not a pile of bricks!!). We preferred to spend our money on our home rather than on alcohol (as most of our friends were doing). We gave up socialising in Dublin city centre as this was the biggest drain on our income.
Everyone has to decide what they want for themselves and what their priorities are.
If these girls' parents are financially comfortable enough to be able to help (ours were not) then let them - but more than likely there will come a time when the girls will have to stand on their own and there may be no one there to bail them out. The parents - despite the best of intentions - may not being doing their children any favours!
 
You must log in or register to reply here.
Back
Top