The population has increased by nearly 50% since 1980.Back in our parents time, a single income could support the purchase of a house and the likes of Mount Merrion was the area of choice for senior civil servants - I am wondering how many could afford to live there now?
And lets say they have two kids in creche - that 2k is easily gone on creche fees. Our old creche has just increased its fees to 1200/month from September 1st...
Out of curiosity, how long should people be expected to save for a house on average? Is it 2 years hard saving, 4 years hard saving, 10 years hard saving... what rule of thumb would be used on average historically to save the deposit for a house?
Take it up with him. I'm only telling you what he said and I suspect you misread.Then everybody or at least all couples earning 49k are undertaxed. OK they have a 256 pp age credit, but otherwise everybody pays income tax on the same basis as everybody else. So if you believe Protocol's parents are undertaxed, everybody at this level of income is undertaxed. The 'other countries' bit is spurious; we live in Ireland, not in 'other countries'.
Out of curiosity, how long should people be expected to save for a house on average? Is it 2 years hard saving, 4 years hard saving, 10 years hard saving... what rule of thumb would be used on average historically to save the deposit for a house?
This looks like it would make a very nice home and should be affordable to a couple on €75 k between them. Loan repayments €1,300 per month based on a 10% deposit.
No. It's because the people with whom you went to school are not earning enough money to buy, or to finance a mortgage to buy, a property in Rathfarnham. It doesn't make a difference if the properties are empty, full of old codgers or of people from outer space. If you can't afford to buy it, you can't have it. And life does not owe your old school chums a property in Rathfarnham or anywhere else. (I presume you were being sarcastic with the comment on euthanasia.)I grew up in Rathfarnham. Very few of the people I went to school with can afford to live where they grew up. The reason for that is that their parents are living too long. The area is full of old couples living in family homes.
No, we don't. This is because in the real world we pay people for the marketable goods and services they produce, not to finance their spending desires.We talk about needing to increase incomes to enable people to afford to buy houses.
No. It's because the people with whom you went to school are not earning enough money to buy, or to finance a mortgage to buy, a property in Rathfarnham. It doesn't make a difference if the properties are empty, full of old codgers or of people from outer space. If you can't afford to buy it, you can't have it. And life does not owe your old school chums a property in Rathfarnham or anywhere else. (I presume you were being sarcastic with the comment on euthanasia.)
No, we don't. This is because in the real world we pay people for the marketable goods and services they produce, not to finance their spending desires.
You do understand supply and demand, yes? The reason there is more demand is because there are more people. That is not because of people from outer space but rather because the population has increased. People who earn the same of more than their parents did can't buy in the areas they grew up in because their parents generation and their grandparents generation are still alive. The same goes for many areas of Dublin and elsewhere.No. It's because the people with whom you went to school are not earning enough money to buy, or to finance a mortgage to buy, a property in Rathfarnham. It doesn't make a difference if the properties are empty, full of old codgers or of people from outer space. If you can't afford to buy it, you can't have it.
I agree. What's your point?And life does not owe your old school chums a property in Rathfarnham or anywhere else.
We are talking about increasing incomes for rent and for houses. That's the problem. The rent allowance paid to welfare recipients are being increased even though that just pushes up prices; more money chasing the same stock of properties. The same goes for the Central Bank rules on mortgages. It's utter nonsense and ignore the reality of supply and demand.No, we don't. This is because in the real world we pay people for the marketable goods and services they produce, not to finance their spending desires.
Lol.Yeah Purple, no one owes you a living buddy
the likes of Mount Merrion was the area of choice for senior civil servants.
So long as they're happy their kids will be educated in schools that mean they have a significantly lower chance of progressing on to 3rd level than their neighbours in D14, D16, D18, etc. and deal with the ongoing anti-social behaviour in the area.
Are houses in Rathfarnham expensive? It's a big area but Daft.ie currently shows a semi-detached 3 bed 3 bath house on Prospect Meadows, Prospect Manor is on sale for 460,000. Daft.ie also shows a similar house on Prospect Drive to rent for 2,300 per month, I.e. the house is on sale on a P/E ratio of 16.6. I wasn't able to find other equivalent examples where houses were for rent and on sale in the same estate, but I'd say this is fairly par for the coursePeople who earn the same of more than their parents did can't buy in the areas they grew up in because their parents generation and their grandparents generation are still alive.
It will be a personal submission, but maybe I will make it "on behalf of all taxpayers and workers"[/QUOTE]
That is very magnanimous of you! Perhaps something along these lines :
"The proletarians have nothing to lose but their chains. They have a world to win.
Workingmen of all countries unite!”
Okay, so you don't understand supply and demand and I can afford it but this is a general discussion.If you can't afford this house it's nothing to do with the parents/grandparents hogging the market. It's to do with the implied earnings yield.
Hi gnf
I had not planned to do so.
But I might make a general submission and then list 20 ideas for improving the long term financial stability of the country.
Brendan
Someone who chooses never to work will get the same Old Age Pension as someone who has paid into the social welfare system all their life.
A person who has worked for thirty years, who loses their job, gets effectively the same Jobseekers as someone who has never worked a day in their life.
If you take out health insurance, you will be charged for a bed in a public hospital.
If you save hard to buy a new house, you will pay VAT at 13.5% and you will fund a social housing levy for those who rely on the state for housing.
If you pay your car insurance, you will pay a levy to fund the claims for those who don't bother to pay their car insurance.
All of those points have been raised in the media already by Brendan and others. They won't get traction because they do not suit our left wing media's agenda and unless something is written by Reuters, the London Times or the English Daily Telegraph it won't make it into the Indo.Any one of these points alone could ignite a public response.
It is much easier to get a political and media response around a single clear idea. Any one of these points alone could ignite a public response.
Any one of these points alone could ignite a public response.
All of those points have been raised in the media already by Brendan and others. They won't get traction because they do not suit our left wing media's agenda
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