The decent ones, just meeting what we consider the minimum standards of location, size and quality for a family house, are priced 450000 and over.
Colm McCarthy was spot on when he pointed out that some people seem to forget that there's life outside the M50, and localised property bubbles in Dublin should not dictate policy for the whole country. Almost anywhere outside Dublin, Wicklow and Cork City you'll get a lot of house for €200k.
Keeping this in mind, my wife and I had a look at the houses that we, as a family with children, would consider buying. The decent ones, just meeting what we consider the minimum standards of location, size and quality for a family house, are priced 450000 and over.
If one's family, friends and job are in Dublin, it doesn't make sense to move two hours away because it's the only affordable place.
Thanks in advance for all opinions.
If the minimum standards you require in a house is going to cost close to half million euro I dread to think what the maximum standards would cost
I'd just like to ask you what location you are looking in. And can you also help me to understand what is wrong with a brand new house in Ashborne for less than 300K?
It would be helpful to understanding what the problem is in Dublin.
The correct question I should have asked myself should have been "how can an average Joe afford to buy a house in a highly sought-after area?" The answer seems to be simply "he cannot."
There's nothing wrong in a house in Ashbourne, but, if we were looking to buy and had to choose, we would have no connection to that area and we would rather buy elsewhere.
In my opinion, the problem in Ireland, not only in Dublin, is that the distribution of population and services is uneven. Outside of the usual big four (Dublin, Cork, Limerick and Galway), most of the country is a rural area with relatively poor connections. The motorways that are being built are a great improvement, but there's still a long way to go. This causes a high concentration of population in few zones, and drives prices up.
My opinion is that buying a house is a long term commitment and, if one cannot buy one in a place he likes, then he should not buy one at all.
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Bronte - maybe the OP is like me and has been commutered out at this stage so will only live within 30 minutes of work at rush hour. Or else it's probably what my English teacher used to tell us about some poem by Lambe years ago which was about the Sweet Security of Streets.Why do you need to have connections with Ashbourne? Can you give us your reasonings, you can be general? Most people who move to Dublin have no connection whatsoever with the place. If you live in say Malahide, I'd say it takes a long time to get to say Dalkey.
Bronte - maybe the OP is like me and has been commutered out at this stage so will only live within 30 minutes of work at rush hour. Or else it's probably what my English teacher used to tell us about some poem by Lambe years ago which was about the Sweet Security of Streets.
I think that's an excellent way of looking at it Butter. It's madness to try and get into the best area when young, you work your way around it and eventually get to where you want to be.
I wonder is the part of the problem is that most people are marrying older and so are generally buying their first house older than previous generations so have less time to get to where they eventually want to live given they are starting later.
I bought my first house at 27 and my husband was 25. Not many people are doing that now. I bought my second house at 32.
That's a good point fobs. But you know what really struck me during the Celtic Tiger with young people I met, they didn't just want a house, they wanted a new house, fully fitted out, with brand new everything and alognside that they wanted a car and holidays too.
20% is too high. It will favour only the very well paid, and according to VB 50% of workers earn less than 30000
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