thinking about renting second property and buying family home

Blueskies, I was renting in a centrally located area of Dublin for the last two years - right on the Luas, great location, blah blah blah.

In October I needed to find a new roommate, I got a zillion calls, lots of semi-desperate people, found a roommate no trouble. She couldn't find work and went back to Spain. It was harder to find someone in the winter, but I still managed it.

In June, I went looking for another roommate (to replace myself this time, as I was moving). No joy. Got two phone calls. One guy saw it but he said he had a ton of options and wasn't mad about the place, the other guy just didn't bother to show up. My roommate, who had planned on staying, realised that it was going to be really tough to fill the place and left as well - he just got a better deal in another apartment.

I doubt you'd get 20 calls in one day anymore. Those days are over for the moment.

The upsurge in the number of properties is oversupply. Immigrants are going home, more properties are on the market.
 
I think the areas within D15 must be a variable also. If you say you had no trouble renting out 9 months ago then fair enough, but a friend of mine has had difficulty in D15 renting out a 5 year old apartment. I cant see anything wrong with the place but others clearly do.

As for the borrowing the 50K for the rainy day - I really cant see the logic in this. Such repayments are what induce rainy days....!!
 
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