Can’t wait for the government to continue to do nothing about it.
pixelthec on
Good thing we have the 4x rule for mortgages. Tremendous help letting us borrow so much
Imbecile_Jr on
Maybe if we give landlords a tax cut, and make one of them president
tallandconfusedbrah on
Won’t someone think of the landlords.
New-Stick-8764 on
Let’s round it up to 10 but then maybe we should stop.
Academic-County-6100 on
I know this going to get down voted but anyways. The article did also point out that uouse inflation is at lowest in two years and we are set for most houses built in a year since celtic tiger….
BairbreBabog on
It’s all by design, it’s all by design
Galacticmetrics on
The number of new homes every year being built is not enough to satisfy the growing population. This is the logical outcome and will keep happening on until the fundamentals are changed
quantum0058d on
How was it homes used to be bought on one salary 😵💫
DarthMauly on
While obviously it’s shite craic, the average price being 8 times the average earnings sort of makes sense. With demand as high as it is and supply as low, people are having to max out what they can borrow to afford to buy.
Banks will predominantly only lend 4 times salary, so for a couple each earning close the average that’s going to be 4 times their salary x2, or 8 times the average salary.
biometricrally on
We should start promoting the idea of throuples. Or start a trend of communes in semi-d’s.
qwerty_1965 on
Used to be you expected to pay annual salary x 3.5 about 30 years ago
Confident_Reporter14 on
In the 80s and 90s this was ~4.
davesr25 on

OrganicVlad79 on
My 55 year old father bought a 4 bedroom detached house with front and back garden 15 minutes outside Cork city in the 90s for 3.5x his salary 🙁
Cherfinch on
It’s the same across most of Europe, Canada, Oz, NZ, UK. The cities are even worse. Turning housing into a financial asset was the single worst thing the boomers did to wreck their children and grandchildrens prospects.
jonnieggg on
For FFFG sake
jonnieggg on
Just as well the budget was so progressive
Educational-Ad6369 on
Kind what you would expect. Most houses bought by couples who can borrow 4x each. So 8x average salary seems where likely would be given where lending rules sit. I think a lot of where house prices sit is pegged to lending rules. The limit was increased few years ago and prices shot up
24 commenti
This sounds … bad.
But the market……
You aint seen nothin yet
Can’t wait for the government to continue to do nothing about it.
Good thing we have the 4x rule for mortgages. Tremendous help letting us borrow so much
Maybe if we give landlords a tax cut, and make one of them president
Won’t someone think of the landlords.
Let’s round it up to 10 but then maybe we should stop.
I know this going to get down voted but anyways. The article did also point out that uouse inflation is at lowest in two years and we are set for most houses built in a year since celtic tiger….
It’s all by design, it’s all by design
The number of new homes every year being built is not enough to satisfy the growing population. This is the logical outcome and will keep happening on until the fundamentals are changed
How was it homes used to be bought on one salary 😵💫
While obviously it’s shite craic, the average price being 8 times the average earnings sort of makes sense. With demand as high as it is and supply as low, people are having to max out what they can borrow to afford to buy.
Banks will predominantly only lend 4 times salary, so for a couple each earning close the average that’s going to be 4 times their salary x2, or 8 times the average salary.
We should start promoting the idea of throuples. Or start a trend of communes in semi-d’s.
Used to be you expected to pay annual salary x 3.5 about 30 years ago
In the 80s and 90s this was ~4.

My 55 year old father bought a 4 bedroom detached house with front and back garden 15 minutes outside Cork city in the 90s for 3.5x his salary 🙁
It’s the same across most of Europe, Canada, Oz, NZ, UK. The cities are even worse. Turning housing into a financial asset was the single worst thing the boomers did to wreck their children and grandchildrens prospects.
For FFFG sake
Just as well the budget was so progressive
Kind what you would expect. Most houses bought by couples who can borrow 4x each. So 8x average salary seems where likely would be given where lending rules sit. I think a lot of where house prices sit is pegged to lending rules. The limit was increased few years ago and prices shot up
But but Sinn Fein !!
Tax breaks for throuples!