Why have the younger generation in ireland been disowned?

Question

Why have the younger generation in ireland been disowned?

Why have the younger generation in ireland been disowned?

after all a house that cost 40,000in 1985 now is "worth" 430,000. how can the government deny the fundamental right to the next generation of owning property?

Answer 1

I know babe, but it's not just in Ireland...It's not fair that the younger generation all over is unable to own property due to high mortgages etc...

Build your own home.....that's what a lot of peeps are doing now;o)

X

Answer 2

Young peolpe in Ireland are better off than most places. See the unicef report!

Young people do not buy houses. Remember that 30 years old is nearly middle aged!

Answer 3

Its the same in every country where capitalism has taken over.  The rich have decided that property is too valuable to let anybody else have any.  So they keep it to themselves and rent it out now.

Answer 4

Your prices are off.

My house cost 17,500 in 1988 and now is worth 600,000.

I am also paid more than I was in 1988 and have more chances of employment.

The young people of Ireland have not been disowned.

If anything, they have never had it as good.

Answer 5

why have you asked this question three times?

why have you asked this question three times?

why have you asked this question three times?

Answer 6

havent a clue

Answer 7

I am in dallas, tx, and the home that my parents bought in 1960 for $33,000 dollars now could not be purchased for less than $400,000.  There is no way the money I make has the same value as it did for my parents.  I think the answer to your question is found in economic theory, not in irish history.

Answer 8

It is not deliberate neglect of young people since others are also affected by these huge price increases in property and the cost of living. These are the effects of capitalism, where the value of society decreases  while the wealth of certain individuals increases.

The government is interested in balancing its finances, and providing cheaper 'social housing' won't do that. There is an increasing gap in Ireland between rich and poor - whether this continues depends upon the economy.

The good news is a recent slump in house prices across the country; perhaps a lot of people are going to be hit by negative equity (where the value is less than the price they paid for their property). It remains to be seen whether we're entering a 'soft landing' or a housing market crash.

Answer 9

it has to do with inflation.At present the prices have decreased,got to move with changing times or you will be left behind

Answer 10

We sold our house in 1989 for 22,000,the same house now is going for about 330.000.

10 major,a box of matches and a half fair on the bus in 1985 came to 1.02,i remember because i was short the 2p and had to walk into town,i dont how much that would cost now but its probably about a fiver meaning things are about 4 or 5 times dearer than they were in 1985.

I was too young for the dole in 1985 but i think it was about £30,now its around 180 euroes so as bang for buck goes we are better off.

As for housing prices i blame the middlemen and estate agents for uping prices to suit their commisions.

What house owners should be praying for is increased inflation of prices and wages because their margins are far too small.

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