- Feb 25, 2012
Collapsing the property market is unofficial SF policy it would seem.Generation rent: ‘There’s no hope of any of us buying a house’
'A group who could decide Election 2020, on their political priorities'
about 4 hours ago
A group who could decide Election 2020, on their political prioritieswww.irishtimes.com
"Housing has become one of the dominant issues the 2020 general election, and the cohort sometimes glibly referred to as “generation rent” could yet be the ones to decide its outcome. This is the demographic in their late 20s or 30s ."Typically, they have a good education and excellent career prospects. [...] Their adult lives have not been blighted by recession or negative equity. […]"Yet they see little prospect of ever being able to afford to buy a home. And for some, this means they are left feeling stuck on the cusp of adulthood, unable to move forward to the next stage of life.
28-year-old Muireann Nagle & two of her housemates – all friends from Tipperary:
"The house they share costs €2,800 per month to rent, which they agree is reasonable for the area. But it still represents a significant chunk of their income.
It worked out so well in 2008, SF/MI5 want to do it all over again.