that's what's going to happen. The open market is going to fall faster than the affordable housing. But can't you get a 1 bed in citywest for €127 AH. Even on the open market theres a 1 bed in chapelizod for €160 and ongar, d15 for €150 and i'm sure you can negotiate lower on these.
Yes it's much cheaper. I was offered a 2 bed in priorsgate in 2007 for €280k. Even then there were 2 beds going around the corner for same price on the open market.
and don't forget the deposit too - i know with me that was always going to be the problem. I certainly didn't have 20k++ whereas the the ah its only a 3k deposit needed!
Well for me i've bought a house that i plan on living in and making a home out of! I have no intention of selling up in 5 years time or renting out any of the rooms either! Yes, it may mean a lower mortgage by paying a heafty deposit but for some people, that kind of money is just not possible! A 10% deposit on my house would have been 23k and thats not far off a years wages for me!!