Planet Rugby Forum

Liathroidigloine wrote:

Duff Paddy wrote:What's wrong with these

https://touch.daft.ie/dublin/new-homes- ... blin-66903

Shoe boxes.

Yeah you'd get a mansion in London/Amsterdam/Frankfurt for the same money. Seriously though, A-rated houses are flipping fantastic.

Duff Paddy wrote:

nardol wrote:

Duff Paddy wrote:

nardol wrote:Ha. The help to buy scheme is utterly pointless. There are no units to buy in the first place.

That's simply not true.

Not in Dublin there are not. So few new builds came online in Dublin last year and the few that did required a tent the night before.

Absolute media rubbish. You could have a brand new A rated house between knocklyon and firhouse, close to everything, and still meet the Help To Buy threshold of 500k. But you don't want that, you want Terenure or Rathfarnham and the right to moan about the country being rubbish

A f**king shoe box for 500k? That's an insult

so you want a large detached house that is in a good suburb of Dublin for 200grandn

The point is that fact they are priced at that is a reflection of the lack of supply

There is also much better value in old houses, new builds are all tiny

so a 3 bed semi for 485k would require a salary of 138k
Nice.....

Actually with a deposit requirement of 50k its only a salary of 124k

its a 3 bed A rated house 30min from Grafton street what more do you want

nardol wrote:so a 3 bed semi for 485k would require a salary of 138k
Nice.....

Actually with a deposit requirement of 50k its only a salary of 124k

That's the 4 bed.

The 3 bed semi d is €435k
Take away HTB grant of 20k then it's €415k.
65k deposit means mortgage of €350k so a couple on a combined salary of 100k would be laughing. BoI will even give you 3% of your mortgage cash back to furnish it.
So stop f**king moaning!!!

If memory serves me correctly, that's within a stones throw of a group of troublesome settled travellers.

normilet wrote:If memory serves me correctly, that's within a stones throw of a group of troublesome settled travellers.

It's beside hunters wood, it's absolutely grand

de_Selby wrote:The point is that fact they are priced at that is a reflection of the lack of supply

There is also much better value in old houses, new builds are all tiny

Old houses are mostly badly built shitholes. The new building standards are very high. You can heat an A rated house for barely a few hundred quid a year, there is no comparison. The biggest advantage of an older house is the bigger gardens. I wouldn't move back to an old house having lived in an A rated modern house.

camroc1 wrote:They'll continue to rise until
(1) people can no longer afford them and decide to move their search area further from the city centre, and
(2) large numbers of new builds are introduced on the supply side, which is still probably 12 - 18 months away.

3) the bank of mum and dad finally runs out and prices drop to levels that people can actually afford without parental assistance

Uncle Fester wrote:

camroc1 wrote:They'll continue to rise until
(1) people can no longer afford them and decide to move their search area further from the city centre, and
(2) large numbers of new builds are introduced on the supply side, which is still probably 12 - 18 months away.

3) the bank of mum and dad finally runs out and prices drop to levels that people can actually afford without parental assistance

You think the entire Dublin property market is propped up by the bank of mum and dad?

So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

Uncle Fester wrote:

camroc1 wrote:They'll continue to rise until
(1) people can no longer afford them and decide to move their search area further from the city centre, and
(2) large numbers of new builds are introduced on the supply side, which is still probably 12 - 18 months away.

3) the bank of mum and dad finally runs out and prices drop to levels that people can actually afford without parental assistance

Thats bull. I bought when i was 26 and I had over €30k saved by myself towards a deposit. and only 1 year of saving that was still living with the folks

HighKingLeinster wrote:So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

You would have been much happier if you hadn't bought a house you could afford at that time, but instead used your energy to complain about rip off Dublin property market, whilst insisting on only renting in one of the most expensive areas in the city.m and eating smashed avocados for breakfast every morning

HighKingLeinster wrote:So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

This is is back as a thing now?
Get yourself to a dinner party. You will wow them.

Duff Paddy wrote:

Uncle Fester wrote:

camroc1 wrote:They'll continue to rise until
(1) people can no longer afford them and decide to move their search area further from the city centre, and
(2) large numbers of new builds are introduced on the supply side, which is still probably 12 - 18 months away.

3) the bank of mum and dad finally runs out and prices drop to levels that people can actually afford without parental assistance

You think the entire Dublin property market is propped up by the bank of mum and dad?

Nah REITS

HighKingLeinster wrote:So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

How many did you buy?

Duff Paddy wrote:

HighKingLeinster wrote:So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

You would have been much happier if you hadn't bought a house you could afford at that time, but instead used your energy to complain about rip off Dublin property market, whilst insisting on only renting in one of the most expensive areas in the city.m and eating smashed avocados for breakfast every morning

I cant complain. Got my appt in NL in 08 with a large deposit small mortgage now finally back to where I got it at. Got appt in Dublin last year.

So my moaning is based simply on the salaries required to buy a house for mostly other people. 100k salary for a 2 bed semi is worth moaning about because its a shambles.

Duff Paddy wrote: so you want a large detached house that is in a good suburb of Dublin for 200grandn

At the risk of playing devil's advocate.. why not?
Do salaries justify paying more?

I know there are supply issues that have caused price inflation and demand is high but if people can't afford them based on their salaries, then the price should be allowed to return to sustainable levels.

camroc1 wrote: Always remember the London wide boys will never give paddy the steam off his piss.

That's bullshit. There are plenty of Irish working the floors, desks, mid and backoffices in London as there are in legal, accounting, IT and other services supporting trading.

Duff Paddy wrote:

Uncle Fester wrote:

camroc1 wrote:They'll continue to rise until
(1) people can no longer afford them and decide to move their search area further from the city centre, and
(2) large numbers of new builds are introduced on the supply side, which is still probably 12 - 18 months away.

3) the bank of mum and dad finally runs out and prices drop to levels that people can actually afford without parental assistance

You think the entire Dublin property market is propped up by the bank of mum and dad?

To an extent I would say, most people struggle to put together 40-50k. We discussed wages on here before and I reckon the median wage for a 30 year old in Ireland is around 35k. That's a net of 2,385 a month. Lets say rent and bills of 750 a month per person. That's probably on the low side now, particularly if you're a couple renting an apartment. Could you save more than 300 a month on that sort of wage? I doubt any couple both earning the average industrial wage of 37k could save much more than 1k a month with them really scraping about for that. That's a few years saving to get to the level of buying a home when you consider other things you might save for.

nardol wrote:

Duff Paddy wrote:

HighKingLeinster wrote:So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

You would have been much happier if you hadn't bought a house you could afford at that time, but instead used your energy to complain about rip off Dublin property market, whilst insisting on only renting in one of the most expensive areas in the city.m and eating smashed avocados for breakfast every morning

I cant complain. Got my appt in NL in 08 with a large deposit small mortgage now finally back to where I got it at. Got appt in Dublin last year.

So my moaning is based simply on the salaries required to buy a house for mostly other people. 100k salary for a 2 bed semi is worth moaning about because its a shambles.

I've literally just posted a link to a 3 bed brand new A rated house in a good suburb that you could get for a couple on less than 100k combined. But continue the narrative.

Duff Paddy wrote:

nardol wrote:

Duff Paddy wrote:

HighKingLeinster wrote:So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

You would have been much happier if you hadn't bought a house you could afford at that time, but instead used your energy to complain about rip off Dublin property market, whilst insisting on only renting in one of the most expensive areas in the city.m and eating smashed avocados for breakfast every morning

I cant complain. Got my appt in NL in 08 with a large deposit small mortgage now finally back to where I got it at. Got appt in Dublin last year.

So my moaning is based simply on the salaries required to buy a house for mostly other people. 100k salary for a 2 bed semi is worth moaning about because its a shambles.

I've literally just posted a link to a 3 bed brand new A rated house in a good suburb that you could get for a couple on less than 100k combined. But continue the narrative.

Who's bringing up the kids?

Blackrock Bullet wrote:

Duff Paddy wrote:

Uncle Fester wrote:

camroc1 wrote:They'll continue to rise until
(1) people can no longer afford them and decide to move their search area further from the city centre, and
(2) large numbers of new builds are introduced on the supply side, which is still probably 12 - 18 months away.

3) the bank of mum and dad finally runs out and prices drop to levels that people can actually afford without parental assistance

You think the entire Dublin property market is propped up by the bank of mum and dad?

To an extent I would say, most people struggle to put together 40-50k. We discussed wages on here before and I reckon the median wage for a 30 year old in Ireland is around 35k. That's a net of 2,385 a month. Lets say rent and bills of 750 a month per person. That's probably on the low side now, particularly if you're a couple renting an apartment. Could you save more than 300 a month on that sort of wage? I doubt any couple both earning the average industrial wage of 37k could save much more than 1k a month with them really scraping about for that. That's a few years saving to get to the level of buying a home when you consider other things you might save for.

Realistically both would need to be earning over 40-50k to get something in a good part of Dublin but you'd expect to be on that by your mid thirties. The bank of mum and dad is less of an issue IMO than grown children moving home for 2-3years to save the deposit. You can save a shitload when not paying rent. It's not ideal but it's the reality in most capital cities.

Flametop wrote:

Duff Paddy wrote:

nardol wrote:

Duff Paddy wrote:

HighKingLeinster wrote:So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

You would have been much happier if you hadn't bought a house you could afford at that time, but instead used your energy to complain about rip off Dublin property market, whilst insisting on only renting in one of the most expensive areas in the city.m and eating smashed avocados for breakfast every morning

I cant complain. Got my appt in NL in 08 with a large deposit small mortgage now finally back to where I got it at. Got appt in Dublin last year.

So my moaning is based simply on the salaries required to buy a house for mostly other people. 100k salary for a 2 bed semi is worth moaning about because its a shambles.

I've literally just posted a link to a 3 bed brand new A rated house in a good suburb that you could get for a couple on less than 100k combined. But continue the narrative.

Who's bringing up the kids?

If you've taken a walk in a park any time mid week in the past 15years you will know that it's undoubtedly the grandparents.

Duff Paddy, you're absolutely right - there is no problem at all, and all the people struggling to buy a home are spoiled children who waste all their money on alcohol and other frivolities.

Thanks for shedding light on it, I just don't know how no one else realised this until now.

Duff

Some but not all grandparents help out.
Allowing for those that actually would want that responsibility in old age, not all have the health or capability to do so, or live close enough to their kids who moved out to the commuter belt or different area of a city.

Nobody I know had kids before 35 so most of these grandparents are well into their late sixties or seventies anyway.

Besides which, shouldn't a kid be brought up by his own parents?
Is this the society we want?

Duff Paddy wrote:
The 3 bed semi d is €435k
Take away HTB grant of 20k then it's €415k.
65k deposit means mortgage of €350k so a couple on a combined salary of 100k would be laughing. BoI will even give you 3% of your mortgage cash back to furnish it.
So stop f**king moaning!!!

3 bed semi 435k. Lets assume first timers so 10% deposit @ 43k. Help to buy will give you 20k so you need to self fund the 23k. Grand.

So conclusion is the mortgage is 392k NOT your claimed 350k.

To get a mortgage of 392k you need a salary of 112k. What jobs bring in 112k? or even two full-time 55k jobs? At what age do you get to 55k in your career? Lets hope menopause hasn't kicked in.

de_Selby wrote:Duff Paddy, you're absolutely right - there is no problem at all, and all the people struggling to buy a home are spoiled children who waste all their money on alcohol and other frivolities.

Thanks for shedding light on it, I just don't know how no one else realised this until now.

See, lay off the avocado brunches for a while and you'll be grand

HighKingLeinster wrote:So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

mine is worth 3 times more than what I paid.
Just finished the decking in the garden which should add more value

Duff Paddy wrote: both would need to be earning over 40-50k to get something in a good part of Dublin but you'd expect to be on that by your mid thirties.

nardol wrote:

Duff Paddy wrote:
The 3 bed semi d is €435k
Take away HTB grant of 20k then it's €415k.
65k deposit means mortgage of €350k so a couple on a combined salary of 100k would be laughing. BoI will even give you 3% of your mortgage cash back to furnish it.
So stop f**king moaning!!!

3 bed semi 435k. Lets assume first timers so 10% deposit @ 43k. Help to buy will give you 20k so you need to self fund the 23k. Grand.

So conclusion is the mortgage is 392k NOT your claimed 350k.

To get a mortgage of 392k you need a salary of 112k. What jobs bring in 112k? or even two full-time 55k jobs? At what age do you get to 55k in your career? Lets hope menopause hasn't kicked in.

The bank probably won't mortgage you that much if you're on lowish salaries and haven't saved a better deposit, they'd want minimum 50k on those wages

Nolanator wrote:

Duff Paddy wrote: both would need to be earning over 40-50k to get something in a good part of Dublin but you'd expect to be on that by your mid thirties.

You will be when you realise that academia is a dead in and move into industry

Flametop wrote:

HighKingLeinster wrote:So glad i bought back in 2011. My gaff is now worth almost €200k more than i paid for it

How many did you buy?

Alas, just the one

Nolanator wrote:

Duff Paddy wrote: both would need to be earning over 40-50k to get something in a good part of Dublin but you'd expect to be on that by your mid thirties.

Everyone is degree educated in Duffs world.
Salary of 45k will get you a mortgage of 160k. If you add a 10% deposit you can buy for a max of 180k.
Good luck Duff.
Gay marriage is the way - just get hitched to a bud for the double salary in the mortgage calc.

Duff Paddy wrote:

nardol wrote:

Duff Paddy wrote:
The 3 bed semi d is €435k
Take away HTB grant of 20k then it's €415k.
65k deposit means mortgage of €350k so a couple on a combined salary of 100k would be laughing. BoI will even give you 3% of your mortgage cash back to furnish it.
So stop f**king moaning!!!

3 bed semi 435k. Lets assume first timers so 10% deposit @ 43k. Help to buy will give you 20k so you need to self fund the 23k. Grand.

So conclusion is the mortgage is 392k NOT your claimed 350k.

To get a mortgage of 392k you need a salary of 112k. What jobs bring in 112k? or even two full-time 55k jobs? At what age do you get to 55k in your career? Lets hope menopause hasn't kicked in.

The bank probably won't mortgage you that much if you're on lowish salaries and haven't saved a better deposit, they'd want minimum 50k on those wages

Exactly. You have just proven that housing is over valued in relation to the only value that matters... the ability of buyers to pay for it.

nardol wrote:

Nolanator wrote:

Duff Paddy wrote: both would need to be earning over 40-50k to get something in a good part of Dublin but you'd expect to be on that by your mid thirties.

Everyone is degree educated in Duffs world.

Salary of 45k will get you a mortgage of 160k. If you add a 10% deposit you can buy for a max of 180k.

Good luck Duff.

Everybody on here is at least.
Couple on 45k means joint income of 90k. 3.5x90 is €315k. Add deposit of 50k and HTB rebate of 20k, that's €385k. Plenty of options in Dublin and surrounding counties for that.

Duff Paddy wrote:

Nolanator wrote:

Duff Paddy wrote: both would need to be earning over 40-50k to get something in a good part of Dublin but you'd expect to be on that by your mid thirties.

You will be when you realise that academia is a dead in and move into industry

That explains my situation, but there are plenty of working couples who wouldn't be on 40-50k each by their mid 30s.

the 3.5x salary to mortgage seems to be bullshit at the moment. My brother and his missus are looking to move at the moment and I reckon their combined salary to be about 65-70k yet they are approved up to 350k