I don’t trust that number for Ireland, something seems wrong. Maybe our low population density is making it look better than it is.
TheCunningFool on
Take that Denmark
Reasonable-Food4834 on
Should leave plenty of room for those who haven’t maxed their pension pot to do so.
WickerMan111 on
Great news.
fiendishcadd on
Is this not a result of so few houses being available? Does it account for rental also. Not enough info
balor598 on
Cant spend 40% + on housing if i can’t afford a fucking house to begin with.
c_cristian on
It’s probably assumed that there are more couples, not individuals, paying rents or mortgages.
Key_Duck_6293 on
Thats a nonsense statistic. Does it even include renters?
commit10 on
Ireland’s number is definitely off.
I’m guessing “urban” translates loosely here.
PaddyMayonaise on
Is this common to really spend 40% of income on housing?
rossitheking on
This ain’t correct. Denmarks is factually lower than Ireland.
DivilYouKnow on
I’d imagine that’s because most people under 40 are still living with their parents or in a house share.
ComradeKellogg on
If the stats arent interpreted or manipulated in some way id be shocked to find us so low too but seeing literally every one in the comments experiencing whiplash from a reality check is hilarious.
TheCunningFool on
*The housing cost overburden rate is the percentage of the population living in households where the total housing costs (‘net’ of housing allowances) represent more than 40 % of disposable income (‘net’ of housing allowances).
Housing costs refer to the monthly expenses associated with the right to live in a dwelling. This includes the cost of utilities such as water, electricity, gas, and heating. Only the housing costs that are paid are taken into account, regardless of who covers them. This includes expenses such as structural insurance, mandatory services and charges (e.g., sewage and refuse removal), regular maintenance and repairs, taxes, and the cost of utilities (water, electricity, gas, and heating). For homeowners, the housing cost calculation includes mortgage interest payments net of any tax relief, and gross of housing benefits (i.e., housing benefits should not be subtracted from the total housing cost). For tenants, the calculation includes rental payments gross of housing benefits (i.e., housing benefits should not be subtracted from the total housing cost).*
thats_pure_cat_hai on
This makes some sense with current borrowing rules place in Ireland, and a lot of homeowners have been in their homes a long time. Ireland’s problem is how unaffordable housing has become that people can’t even afford them in the first place.
I also assume this doesn’t include rent?
fgyud1_7 on
Still plenty of room to run.
wascallywabbit666 on
Looking forward to r/Ireland’s collective outrage
1eejit on
Looking at Italy as well it could be an old population paid off mortgage thing skewing it.
offsetbxl on
I’m Irish living in Belgium & those numbers look way off
grayparrot116 on
Ha. Is it because we can’t get a house that the percentage is so low?
ScenicRavine on
I know very few people not paying 50% of their income for rent.
MrWhiteside97 on
This seems crazy, but it comes down to
– huge amount of outright homeowners, and most of those with a mortgage probably aren’t spending 40% of income on housing (that makes up c. 70% of the population)
– Social housing (10%)
– HAP (another 10%)
So you’re left with about 10% of households privately renting with no supports. RPZs will still be helping a lot of those who have been in one place for a while.
For the average household, the crisis is more about availability (ie you just can’t find anywhere to buy/rent). Only a small section of the population are feeling it financially (but fuck me are they feeling it)
Also have to account for the fact that this omits people living at home because they can’t afford to leave
I’m going to dig into this when I get home, but I think they have misunderstood the data itself. It looks like population density against urbanisation is distorting the meaning of the data.
caisdara on
A lot of people don’t really understand that statistics aren’t always clearly legible.
The average rent in Ireland is about €2,000.
The average income in Ireland is about €50,000.
The traditional “ceiling” above which spending on housing is considered unsafe is 30% of gross income. In Ireland that’s about €1200 to €1300 a month.
Now, as a starting point, there’s an obvious issue here. Almost nobody in Ireland rents alone. Renting a two-bed apartment for €1,000 each means you’re comfortably below 40% of the average income in Ireland. Very few people rent a two-bed apartment on their own. It just doesn’t make a lot of sense.
So for renters, that would explain why we’re doing well.
What about owners? Well mortgages here are often cheaper than renting, and two people generally live together, so, again, two incomes means you’re comfortably below 40%.
What about poor people?
Well they get housed by the State one way or another.
24 commenti
I don’t trust that number for Ireland, something seems wrong. Maybe our low population density is making it look better than it is.
Take that Denmark
Should leave plenty of room for those who haven’t maxed their pension pot to do so.
Great news.
Is this not a result of so few houses being available? Does it account for rental also. Not enough info
Cant spend 40% + on housing if i can’t afford a fucking house to begin with.
It’s probably assumed that there are more couples, not individuals, paying rents or mortgages.
Thats a nonsense statistic. Does it even include renters?
Ireland’s number is definitely off.
I’m guessing “urban” translates loosely here.
Is this common to really spend 40% of income on housing?
This ain’t correct. Denmarks is factually lower than Ireland.
I’d imagine that’s because most people under 40 are still living with their parents or in a house share.
If the stats arent interpreted or manipulated in some way id be shocked to find us so low too but seeing literally every one in the comments experiencing whiplash from a reality check is hilarious.
*The housing cost overburden rate is the percentage of the population living in households where the total housing costs (‘net’ of housing allowances) represent more than 40 % of disposable income (‘net’ of housing allowances).
Housing costs refer to the monthly expenses associated with the right to live in a dwelling. This includes the cost of utilities such as water, electricity, gas, and heating. Only the housing costs that are paid are taken into account, regardless of who covers them. This includes expenses such as structural insurance, mandatory services and charges (e.g., sewage and refuse removal), regular maintenance and repairs, taxes, and the cost of utilities (water, electricity, gas, and heating). For homeowners, the housing cost calculation includes mortgage interest payments net of any tax relief, and gross of housing benefits (i.e., housing benefits should not be subtracted from the total housing cost). For tenants, the calculation includes rental payments gross of housing benefits (i.e., housing benefits should not be subtracted from the total housing cost).*
This makes some sense with current borrowing rules place in Ireland, and a lot of homeowners have been in their homes a long time. Ireland’s problem is how unaffordable housing has become that people can’t even afford them in the first place.
I also assume this doesn’t include rent?
Still plenty of room to run.
Looking forward to r/Ireland’s collective outrage
Looking at Italy as well it could be an old population paid off mortgage thing skewing it.
I’m Irish living in Belgium & those numbers look way off
Ha. Is it because we can’t get a house that the percentage is so low?
I know very few people not paying 50% of their income for rent.
This seems crazy, but it comes down to
– huge amount of outright homeowners, and most of those with a mortgage probably aren’t spending 40% of income on housing (that makes up c. 70% of the population)
– Social housing (10%)
– HAP (another 10%)
So you’re left with about 10% of households privately renting with no supports. RPZs will still be helping a lot of those who have been in one place for a while.
For the average household, the crisis is more about availability (ie you just can’t find anywhere to buy/rent). Only a small section of the population are feeling it financially (but fuck me are they feeling it)
Also have to account for the fact that this omits people living at home because they can’t afford to leave
The source data for this is found here:
https://ec.europa.eu/eurostat/databrowser/view/ilc_lvho29__custom_18057946/default/map?lang=en
I’m going to dig into this when I get home, but I think they have misunderstood the data itself. It looks like population density against urbanisation is distorting the meaning of the data.
A lot of people don’t really understand that statistics aren’t always clearly legible.
The average rent in Ireland is about €2,000.
The average income in Ireland is about €50,000.
The traditional “ceiling” above which spending on housing is considered unsafe is 30% of gross income. In Ireland that’s about €1200 to €1300 a month.
Now, as a starting point, there’s an obvious issue here. Almost nobody in Ireland rents alone. Renting a two-bed apartment for €1,000 each means you’re comfortably below 40% of the average income in Ireland. Very few people rent a two-bed apartment on their own. It just doesn’t make a lot of sense.
So for renters, that would explain why we’re doing well.
What about owners? Well mortgages here are often cheaper than renting, and two people generally live together, so, again, two incomes means you’re comfortably below 40%.
What about poor people?
Well they get housed by the State one way or another.