Only top income earners can afford to buy homes in Ireland, says developer

https://www.irishtimes.com/business/2024/09/14/only-top-income-earners-can-afford-to-buy-homes-says-developer/

Posted by badger-biscuits

14 Comments

  1. This is all by design, the slack is supposed to be picked up by the REITS and ye plebs are going to be paying a corporate landlords until you die.

  2. That_Technician_439 on

    First time buyers make up 60% of purchasers

    And they aren’t in their prime earning period yet either so ….

  3. Zealousideal-Cod7349 on

    A lot of couples are getting help from their family. They are not always top earners. 

  4. I don’t this is true looking at the stats but an undue amount of savings are needed now to buy a first home. I reckon if direct most first/second time buyers are receiving help from family.

  5. That_Technician_439 on

    We also have the highest building spec requirements in Europe right now

    Prob need to drop standards

  6. “We need to reduce space and quality.

    Ok Mr Developer, you want to build shoeboxes at a lower quality so you can sell more shit houses. What a coincidence it’ll make you and the shareholders more money. And you’ll be long gone by the time the issues arise. Pull the other one.