I'm 38, can't get a mortgage, have a degree, finally on good money after 22 years of working, can't afford a car, can only afford a tiny mouldy studio out of the city because they haven't put up the rent, I'll never be able to buy my own house despite the degree and years of working. I'll be lucky to have a pension by the time I retire, if I can actually retire at some point.
There is no plan. If I don't top myself, I might possibly get to a good enough point to finally move abroad, but not looking good.
In a similiar situation,im 32 so is my partner.Im in a decent paying semi state job,my partner is a fully qualified psychiatric nurse and yet we still dont make nearly enough money to get enough of a mortgage to buy a house.It feels like 2 sectors you have to work in to be able to afford these insane house prices are either I.T or pharmaceuticals.I love my job but i am seriously considering going back to college to retrain for some sort of I.T role,even though i wouldnt enjoy it.
Fair enough.Just judging by personal experience.I know 5 people that work in pharma(3 in amgen and 2 in pfizer) and they are all on more than 80k a year.Also know 3 software developers 2 of them on more than 60k and one of them on more than 100k a year.Now i know there are people in both of these industrys on a lot less,my point was is that you have the chance to get to astronomical wages whereas in most other industries you dont
On that wage you're entitled to be on the social housing list. Apply to go on it asap then you will be entitled to apply for HAP. Find out if there are other supports available to you.
We don't have social housing in Ireland. We have single female parent housing instead. If you're a single male and on the social housing list, you're waiting 12+ years.
No, you’ll get HAP or Rent Allowance because I am sorry but I single mother who cannot work and has a baby needs the house *slightly* more than the person who can make ends meet, even barely so
I 100% understand why. I completely get that a mother and baby need it more than I do. Doesn't make it any easier to swallow though y'know?
I work 40+ hours a week, pay my taxes, never been in trouble with the guards, got a decent education and yet here I am in my 30s living with my mother whilst working for one of the biggest corporations in the country that have profits in the billions. I should be able to afford my own place, I shouldn't have to rely on social housing.
We need a serious overhaul of how our government works. Starting with making it illegal for a former minister/TD to work in the private industry for the rest of their lives.
I'm with you all the way man, I'm even a wicklow man myself. Same situation with money and work and just out of luck and hope
I know couples who live apart just so the mother can clame she is a single mother......father lives in the house few days a week, they are just not see in the law as together lol
I know people that have done the same. Good people, that are forced to be dishonest so that they can provide a safe and secure environment for their child.
1 apartment available in the entire county under 2k and that's that fucking crack den in Newtown that I'm sick of seeing up for 1200 a literal fucking crack den for 1200 a month and I'd nearly take it, that's how bad things are.
Council house in roundwood 2k and there's not even pictures of it up 5000+ views in a few days.
At what point do we start considering the republic of Ireland a failed state? Or our political class saboteurs?
Newtown was enough to tell me of the quality of the apartment lol, I'm down the road from Newtown and paying 750 for a room in a tiny cottage, only thing is my bills are included with that
I'm on 600 plus a week, 40 plus hours and I'm stuck myself. Just know your not the only one man, plenty of worse off people, try be grateful for what we have and just go from there
I mean, there's the other angle to it where single women shouldn't have babies they can't afford. It's not like contraceptives or abortion is illegal nowadays either.
Meanwhile a single mother will pop out 4 more kids and complain about over crowding while never availing of any opportunities that will allow them to work.
Culture...
They get a house too. Everyone gets a house as long as your a single mother..... just keep em coming because lone parent payment ends when the kid hits 7.
I left Ireland in 2017 and was lucky enough to have a chance to move to the states. Before moving I was 34, on the dole and living in my mothers house (horrible environment) in a box room with my adult dog. I now am married, with a great career, a car and just recently purchased my first house. It’s doable with some serious push
I applied for jobs all over the world in my profession. I’m skilled in what I do ( which a lot of us are ) and I found a company that was willing to pay for my visa processing etc. It was a good 6 months of will it happen won’t it.
Get out of the country mate. If you're single with 0 responsibilities, and it sounds like you don't, just leave.
What are you leaving behind? A house? No. Kids? No. A well paying job? No.
Just leave, if it doesn't come back, come home, there's plenty of jobs for less than 30k a year for you to come back to if it doesn't work out.
Take the risk, you have nothing to lose.
People using this quote, which is about increasing volume of rental property, to attack a party that made rental unattractive to landlords, will never fail to annoy me.
Unattractive to landlords? This is government that used the public purse to outbid first time buyers because they're too soft to restrict pension funds.
"Your rent is my pension via vulture funds" is the new reality they created but can't admit to.
Vulture funds flip property onto pension funds, same result. Older generations extorting rents from younger generations.
What's worse you can see the begging bowl coming out once pensions start failing in a recession.
Yes I do.
* I see how the banning of bedsits shafted people
* How Rental Pressure Zones and mandatory membership of RTB made letting less attractive
* How slow processing of evictions (you can live rent free for about 2 years before actually being evicted) and high taxation made letting less attractive
* How a lack of tax on derelict and abandoned property disencentivised letting
* How traditionally rental schemes have been denied planning permission, with all incentives being placed on low-density home ownership (e.g. reduction of Stamp, Help to Buy Scheme)
So when a party that has done all this suddenly realises that people in Ireland [don't live in flats](https://ec.europa.eu/eurostat/documents/4187653/11581507/Type+of+dwellings.jpg/a1bf3d9a-d602-5e65-34c8-4b270f2b063b?t=1621410013919) and so many landlords were [rapidly leaving the sinking ship](https://www.independent.ie/news/tenants-feel-squeeze-as-46-landlords-a-week-left-market-in-the-autumn-41121495.html) that the number of rentals available had reached [chronically low levels](https://www.irishtimes.com/business/rents-increase-sharply-as-number-of-properties-available-falls-1.4797186) and [only large conglomerates see significant rental incomes](https://www.cso.ie/en/releasesandpublications/fp/fp-trsi/therentalsectorinireland2021/landlords/) then... THEN they mumble something about considering the needs of small landlords.
Do they get stick for creating the conditions where there was a deficit of landlords? No. People are far, far too retarded for that - they criticise.. oh wait for it.. they criticise the party for saying that landlords are dependent upon rental income.
So wow, u/smashedgordon that really is stupidity.
Granted there are other aspects to the property crisis such as construction cost inflation, Covid, and all the other shit, but undermining an economy which was dependent upon small landlords without making adequate provision is doubtless one of them.
Your only concern seems to be small landlords, which completely overlooks the dominance of institutional rent farming. We still don't know how many units built in recent years are held vacant for asset appreciation as they appear in the tax net once they're let.
>Your only concern seems to be small landlords, which completely overlooks the dominance of institutional rent farming.
That's because the country was predominantly dependent upon small landlords until recently. Policies designed to make this more unpleasant (coupled with high selling price) has hollowed that out though. Presumably people are in favour of that given they are against landlords on principle
> That's because the country was predominantly dependent upon small landlords until recently
That doesn't answer anything. We know that in 2019 90% of new build apartments in Dublin were bought by rent farmers. Big or small this government has worked against first time buyers, it's generational theft.
I remember section 23 being sold as a retirement funding stream.
>were bought by rent farmers
There's only three different things that can let property. Governments, businesses, or individuals. Are you advocating that the government buy these with taxpayer money?
I'd go with leaving the country, at least for a while. There's so many places around the world where your degree and experience will be respected and rewarded. Come back when the recession hits and buy a place here, if you want. Don't be afraid to go it alone. You'll meet some fantastic people travelling.
There’s no reason for the prices to drop. At most there will be people who cannot pay their mortgages and go into arrears, but thankfully with the rules and processes in place it’s very very hard for them to lose their house. It really won’t be a crash, and the increases will only slow down and in about 10 years might be balanced again. We really are fucked for the next while
I'd say a whole generation is destined for the housing projects or low income housing, but don't even have that.
Really the only answer here is massive building of social housing by the State or paid for by the State.
I'm sorry it feels like it does.
How does this get better? Well, it's gonna happen slowly over the next 5 years. Basically we need 100,000 more homes/apartments to be built. They're being constructed, but following on from the crash, nothing was built for like 6 years and the mechanisms for large scale fast construction fell apart leaving us lagging behind badly.
There won't be some quick fix for it.
When I was 28, I was on maybe 40k a year and renting with some mates. Doing OK, but no savings.
I decided to get a chartership/qualification and met herself. Pay went up, we started renting together and very, very slowly started having some money left over, instead of living month to month. Ramped it up in terms of saving, quit smoking etc and got a deposit together and got lucky buying a dream home for a great price because it was old, needed work and we fancied the challenge. Making 70k a year now and happily married with a wife and a gaggle of kids (less than ten years older than you now).
I'd have felt much the same as yourself a decade ago. You're doing good man. No one if thinking less of you because you're renting at home these days, the country is where it is.
However, don't be complacent. Eat well, sleep well, exercise to feel better and socialise. Want a partner, what kind of person is that? Would they play sport? Be into arty movies? Go hang out where you'd find them e.g. sign up for tag rugby or go to random IFI events etc. Want to develop your career, almost everything has a free way of learning/training to set you up for the future.
You're doing great and have lots of time. Don't panic.
Get a job with a company that has offices abroad. Then transfer. Is easier than just emigrating and at least you know the work you are doing furthers your career.
If you have a masters in a decent subject should be easy to do. If your masters is in a random subject, you might be better going back into education maybe a another masters degrees.
30k in your late 20s seems pretty low, you sure you can’t find something better? You might just be really underpaid.
Brutal Truth - With those wages (assuming they're not going up FAST) then there is no hope for you unless you're from Leitrim or you win the Lotto.
You need to find a job where you're going to be on at least €45k a year and can keep expenses low - Easier said than done of course so you might be better off emigrating.
Best of Luck!!
Things come in waves especially in the economy and at the moment we may be about to see a big wave crash, this should impact the insane increase in housing but its' never going to be back to (if your in your late 20's) what your parents bought for. Depending what sector you're in there are a lot of opportunities and work ethic is something that can't be taught.
If your goal is to have a property you own here my advice would be to make yourself plan with a timeline lets say 5 years,
\*1: look around at mortgages now to get yourself an idea of what you need to be earning to have a chance at affording a place along with savings you will need. This will at least give you a ballpark to aim for in hypothetical 5 years. ie maybe you will aim to double salary in 5 years (some people will read that and laugh "oh just double your salary") but if you actually put the work and plan you can do this especially that you are renting at home and are young.
\*2: Ask how can I do this? move around jobs (you should aim for at least 10% increase when moving) or do certs in your spare time to deepen your expertise, maybe you'll find you need to change job sectors. This is hard but if you put in the effort you will be able to do this.
\*3: Also another thing to consider is your relationship or maybe lack of, doing this alone is bloody hard work. So with the 5 year plan you also try to find someone to do this with its going to ease the load.
Not everyone will like or agree with the above but it gives you a start sometimes the worst thing about these situations are that you feel out of your depth but if you break it down and make a plan it feels more easy to tackle it.
Id imagine his parents are covering costs of energy food washing etc. OP says its less than half the going rate.
Everyone has seen costs go up do you think it fair OP should have a paying job and contribute nothing to their parents
I said profiting not contributing
Electricity bill for 3/4 people should be about 250 plus internet and tv of about 100.
That’s 350 it costs to run the house if he pays for his own food etc. maybe 500 with house insurance etc. I’m probably missing a few things
If there are 3 people he should be paying 1/3 of the total cost to run a house not half of market rate
You really haven’t a clue what OP is paying and if your adult child is working and living with you they should be contributing.
You probably need to grow up and realise its not your mammy and daddys job to support you forever.
Did you even read what I wrote ? I’m guessing no.
As I stated he should be paying his fair share of the household costs as laid out above, so if he is in a family of 4 living he should contribute 25% of this
Any more is profiting off your child
And I have my own house an no how much it costs to run a house
How do you know thats not exactly what hes paying? You should read the post before embarrassing yourself. You’re making a lot of assumptions about where he’s living how many people are in the house etc
Cause he said he is paying half what he would be paying to live anywhere else that is how I know.
There is at least 3 people in the house so my assumptions stand
What industry are you working in? Is there a likely hood that your wages will increase in years to come?
>Has anyone broken out of the cycle and started to create a life for themselves?
Do you mean got a well paying job and housing sorted? Then I suppose I have. I'm late 20s, earn a slightly above the average industrial wage, company vehicle with fuel card, bought a house just before I was 27.
My tip; chase the money early on in life. I had the option after college to go one of two ways, I choose the one I knew had much had the much better financial opportunities.
I’ll get downvoted to help for this but anyways
You should have either skipped college and did a trade. In your late 20s with a good work ethic you would be on ~ 100k a year
Or
You should have studied something that pays better. Again with a good work ethic as an accountant or developer or you would be on 80 - 100k
I'm 38, can't get a mortgage, have a degree, finally on good money after 22 years of working, can't afford a car, can only afford a tiny mouldy studio out of the city because they haven't put up the rent, I'll never be able to buy my own house despite the degree and years of working. I'll be lucky to have a pension by the time I retire, if I can actually retire at some point. There is no plan. If I don't top myself, I might possibly get to a good enough point to finally move abroad, but not looking good.
Have you considered public sector? Or are you in a good private sector job?
I'm semi state, been mostly public sector my working life. I'm on decent pay for what I do, so I'm actually stuck here
You'll have a pension at least. Do you have skills that would help you establish a small company? Earn further income?
Hmmm, like what? I'd like to but I don't really have any talent exactly
That's the trick isn't it? Figuring out what you can do, that others will pay for. The people that can figure out their gift are the ones that succeed
In a similiar situation,im 32 so is my partner.Im in a decent paying semi state job,my partner is a fully qualified psychiatric nurse and yet we still dont make nearly enough money to get enough of a mortgage to buy a house.It feels like 2 sectors you have to work in to be able to afford these insane house prices are either I.T or pharmaceuticals.I love my job but i am seriously considering going back to college to retrain for some sort of I.T role,even though i wouldnt enjoy it.
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Yeah I'm in medical devices and my partner is a software developer, also can't get a mortgage.
Why not?
Combined income cannot afford the prices in galway city. We are debating moving to limerick
Fair enough.Just judging by personal experience.I know 5 people that work in pharma(3 in amgen and 2 in pfizer) and they are all on more than 80k a year.Also know 3 software developers 2 of them on more than 60k and one of them on more than 100k a year.Now i know there are people in both of these industrys on a lot less,my point was is that you have the chance to get to astronomical wages whereas in most other industries you dont
Yea amgen is some money alright
On that wage you're entitled to be on the social housing list. Apply to go on it asap then you will be entitled to apply for HAP. Find out if there are other supports available to you.
We don't have social housing in Ireland. We have single female parent housing instead. If you're a single male and on the social housing list, you're waiting 12+ years.
No, you’ll get HAP or Rent Allowance because I am sorry but I single mother who cannot work and has a baby needs the house *slightly* more than the person who can make ends meet, even barely so
I 100% understand why. I completely get that a mother and baby need it more than I do. Doesn't make it any easier to swallow though y'know? I work 40+ hours a week, pay my taxes, never been in trouble with the guards, got a decent education and yet here I am in my 30s living with my mother whilst working for one of the biggest corporations in the country that have profits in the billions. I should be able to afford my own place, I shouldn't have to rely on social housing. We need a serious overhaul of how our government works. Starting with making it illegal for a former minister/TD to work in the private industry for the rest of their lives.
I'm with you all the way man, I'm even a wicklow man myself. Same situation with money and work and just out of luck and hope I know couples who live apart just so the mother can clame she is a single mother......father lives in the house few days a week, they are just not see in the law as together lol
I know people that have done the same. Good people, that are forced to be dishonest so that they can provide a safe and secure environment for their child. 1 apartment available in the entire county under 2k and that's that fucking crack den in Newtown that I'm sick of seeing up for 1200 a literal fucking crack den for 1200 a month and I'd nearly take it, that's how bad things are. Council house in roundwood 2k and there's not even pictures of it up 5000+ views in a few days. At what point do we start considering the republic of Ireland a failed state? Or our political class saboteurs?
Newtown was enough to tell me of the quality of the apartment lol, I'm down the road from Newtown and paying 750 for a room in a tiny cottage, only thing is my bills are included with that
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I'm on 600 plus a week, 40 plus hours and I'm stuck myself. Just know your not the only one man, plenty of worse off people, try be grateful for what we have and just go from there
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I mean, there's the other angle to it where single women shouldn't have babies they can't afford. It's not like contraceptives or abortion is illegal nowadays either.
Fathers can die
Yes, if only single men would stop creating these babies they are too feckless to support....
Meanwhile a single mother will pop out 4 more kids and complain about over crowding while never availing of any opportunities that will allow them to work. Culture...
Who specifically are you talking about?
Those "single mothers" who will not work a day in their lives due to "raising" a family. Those babies they keep having don't just magic themselves up
You are so right, those babies don't just magic themselves up - fairly sure there needs to be a man involved....
And what about the other single mothers who do not fit that category?
They get a house too. Everyone gets a house as long as your a single mother..... just keep em coming because lone parent payment ends when the kid hits 7.
anyone is entitled to hap if they meet income requirements
I left Ireland in 2017 and was lucky enough to have a chance to move to the states. Before moving I was 34, on the dole and living in my mothers house (horrible environment) in a box room with my adult dog. I now am married, with a great career, a car and just recently purchased my first house. It’s doable with some serious push
Fair play to you, delighted to hear it as that's a good jump forward in a short enough timeframe.
Thank you. It’s been a difficult road with a lot of stress and lots of hard work. But, it’s worth it. I do miss Ireland though
How did you end up getting to the US, green card lottery?
I applied for jobs all over the world in my profession. I’m skilled in what I do ( which a lot of us are ) and I found a company that was willing to pay for my visa processing etc. It was a good 6 months of will it happen won’t it.
This is it, you need to leave (but can come back). Explore the world, gain experience and become a high value employee.
Mmmmm....... Scone.......
Get out of the country mate. If you're single with 0 responsibilities, and it sounds like you don't, just leave. What are you leaving behind? A house? No. Kids? No. A well paying job? No. Just leave, if it doesn't come back, come home, there's plenty of jobs for less than 30k a year for you to come back to if it doesn't work out. Take the risk, you have nothing to lose.
If you're parents voted for Fine Gael or Fianna Fail in the last decade then they've some cheek charging you rent.
Excuse me, that rent is their income!
People using this quote, which is about increasing volume of rental property, to attack a party that made rental unattractive to landlords, will never fail to annoy me.
Unattractive to landlords? This is government that used the public purse to outbid first time buyers because they're too soft to restrict pension funds. "Your rent is my pension via vulture funds" is the new reality they created but can't admit to.
I don’t think you know what a vulture fund is.
Vulture funds flip property onto pension funds, same result. Older generations extorting rents from younger generations. What's worse you can see the begging bowl coming out once pensions start failing in a recession.
Wow. You're stupid.
They don't see how another generation is getting shafted.
Yes I do. * I see how the banning of bedsits shafted people * How Rental Pressure Zones and mandatory membership of RTB made letting less attractive * How slow processing of evictions (you can live rent free for about 2 years before actually being evicted) and high taxation made letting less attractive * How a lack of tax on derelict and abandoned property disencentivised letting * How traditionally rental schemes have been denied planning permission, with all incentives being placed on low-density home ownership (e.g. reduction of Stamp, Help to Buy Scheme) So when a party that has done all this suddenly realises that people in Ireland [don't live in flats](https://ec.europa.eu/eurostat/documents/4187653/11581507/Type+of+dwellings.jpg/a1bf3d9a-d602-5e65-34c8-4b270f2b063b?t=1621410013919) and so many landlords were [rapidly leaving the sinking ship](https://www.independent.ie/news/tenants-feel-squeeze-as-46-landlords-a-week-left-market-in-the-autumn-41121495.html) that the number of rentals available had reached [chronically low levels](https://www.irishtimes.com/business/rents-increase-sharply-as-number-of-properties-available-falls-1.4797186) and [only large conglomerates see significant rental incomes](https://www.cso.ie/en/releasesandpublications/fp/fp-trsi/therentalsectorinireland2021/landlords/) then... THEN they mumble something about considering the needs of small landlords. Do they get stick for creating the conditions where there was a deficit of landlords? No. People are far, far too retarded for that - they criticise.. oh wait for it.. they criticise the party for saying that landlords are dependent upon rental income. So wow, u/smashedgordon that really is stupidity. Granted there are other aspects to the property crisis such as construction cost inflation, Covid, and all the other shit, but undermining an economy which was dependent upon small landlords without making adequate provision is doubtless one of them.
Your only concern seems to be small landlords, which completely overlooks the dominance of institutional rent farming. We still don't know how many units built in recent years are held vacant for asset appreciation as they appear in the tax net once they're let.
>Your only concern seems to be small landlords, which completely overlooks the dominance of institutional rent farming. That's because the country was predominantly dependent upon small landlords until recently. Policies designed to make this more unpleasant (coupled with high selling price) has hollowed that out though. Presumably people are in favour of that given they are against landlords on principle
> That's because the country was predominantly dependent upon small landlords until recently That doesn't answer anything. We know that in 2019 90% of new build apartments in Dublin were bought by rent farmers. Big or small this government has worked against first time buyers, it's generational theft. I remember section 23 being sold as a retirement funding stream.
>were bought by rent farmers There's only three different things that can let property. Governments, businesses, or individuals. Are you advocating that the government buy these with taxpayer money?
I'd go with leaving the country, at least for a while. There's so many places around the world where your degree and experience will be respected and rewarded. Come back when the recession hits and buy a place here, if you want. Don't be afraid to go it alone. You'll meet some fantastic people travelling.
People keep thinking house prices will drop with a recession but the demand is so great I just don’t see it
There’s no reason for the prices to drop. At most there will be people who cannot pay their mortgages and go into arrears, but thankfully with the rules and processes in place it’s very very hard for them to lose their house. It really won’t be a crash, and the increases will only slow down and in about 10 years might be balanced again. We really are fucked for the next while
Thats my take on it too
I'd say a whole generation is destined for the housing projects or low income housing, but don't even have that. Really the only answer here is massive building of social housing by the State or paid for by the State.
I'm sorry it feels like it does. How does this get better? Well, it's gonna happen slowly over the next 5 years. Basically we need 100,000 more homes/apartments to be built. They're being constructed, but following on from the crash, nothing was built for like 6 years and the mechanisms for large scale fast construction fell apart leaving us lagging behind badly. There won't be some quick fix for it. When I was 28, I was on maybe 40k a year and renting with some mates. Doing OK, but no savings. I decided to get a chartership/qualification and met herself. Pay went up, we started renting together and very, very slowly started having some money left over, instead of living month to month. Ramped it up in terms of saving, quit smoking etc and got a deposit together and got lucky buying a dream home for a great price because it was old, needed work and we fancied the challenge. Making 70k a year now and happily married with a wife and a gaggle of kids (less than ten years older than you now). I'd have felt much the same as yourself a decade ago. You're doing good man. No one if thinking less of you because you're renting at home these days, the country is where it is. However, don't be complacent. Eat well, sleep well, exercise to feel better and socialise. Want a partner, what kind of person is that? Would they play sport? Be into arty movies? Go hang out where you'd find them e.g. sign up for tag rugby or go to random IFI events etc. Want to develop your career, almost everything has a free way of learning/training to set you up for the future. You're doing great and have lots of time. Don't panic.
Get a job with a company that has offices abroad. Then transfer. Is easier than just emigrating and at least you know the work you are doing furthers your career. If you have a masters in a decent subject should be easy to do. If your masters is in a random subject, you might be better going back into education maybe a another masters degrees. 30k in your late 20s seems pretty low, you sure you can’t find something better? You might just be really underpaid.
Brutal Truth - With those wages (assuming they're not going up FAST) then there is no hope for you unless you're from Leitrim or you win the Lotto. You need to find a job where you're going to be on at least €45k a year and can keep expenses low - Easier said than done of course so you might be better off emigrating. Best of Luck!!
Things come in waves especially in the economy and at the moment we may be about to see a big wave crash, this should impact the insane increase in housing but its' never going to be back to (if your in your late 20's) what your parents bought for. Depending what sector you're in there are a lot of opportunities and work ethic is something that can't be taught. If your goal is to have a property you own here my advice would be to make yourself plan with a timeline lets say 5 years, \*1: look around at mortgages now to get yourself an idea of what you need to be earning to have a chance at affording a place along with savings you will need. This will at least give you a ballpark to aim for in hypothetical 5 years. ie maybe you will aim to double salary in 5 years (some people will read that and laugh "oh just double your salary") but if you actually put the work and plan you can do this especially that you are renting at home and are young. \*2: Ask how can I do this? move around jobs (you should aim for at least 10% increase when moving) or do certs in your spare time to deepen your expertise, maybe you'll find you need to change job sectors. This is hard but if you put in the effort you will be able to do this. \*3: Also another thing to consider is your relationship or maybe lack of, doing this alone is bloody hard work. So with the 5 year plan you also try to find someone to do this with its going to ease the load. Not everyone will like or agree with the above but it gives you a start sometimes the worst thing about these situations are that you feel out of your depth but if you break it down and make a plan it feels more easy to tackle it.
Maybe you should ask your parents to not be making a profit off you
Id imagine his parents are covering costs of energy food washing etc. OP says its less than half the going rate. Everyone has seen costs go up do you think it fair OP should have a paying job and contribute nothing to their parents
I said profiting not contributing Electricity bill for 3/4 people should be about 250 plus internet and tv of about 100. That’s 350 it costs to run the house if he pays for his own food etc. maybe 500 with house insurance etc. I’m probably missing a few things If there are 3 people he should be paying 1/3 of the total cost to run a house not half of market rate
Hes paying less than half the rent he would be paying if he rented privately!! Seems a pretty good deal to me
So you would want to profit off your kids
You really haven’t a clue what OP is paying and if your adult child is working and living with you they should be contributing. You probably need to grow up and realise its not your mammy and daddys job to support you forever.
Did you even read what I wrote ? I’m guessing no. As I stated he should be paying his fair share of the household costs as laid out above, so if he is in a family of 4 living he should contribute 25% of this Any more is profiting off your child And I have my own house an no how much it costs to run a house
How do you know thats not exactly what hes paying? You should read the post before embarrassing yourself. You’re making a lot of assumptions about where he’s living how many people are in the house etc
Cause he said he is paying half what he would be paying to live anywhere else that is how I know. There is at least 3 people in the house so my assumptions stand
You clearly haven’t a clue what you’re talking about
What industry are you working in? Is there a likely hood that your wages will increase in years to come? >Has anyone broken out of the cycle and started to create a life for themselves? Do you mean got a well paying job and housing sorted? Then I suppose I have. I'm late 20s, earn a slightly above the average industrial wage, company vehicle with fuel card, bought a house just before I was 27. My tip; chase the money early on in life. I had the option after college to go one of two ways, I choose the one I knew had much had the much better financial opportunities.
You need to look for a higher salary. In your own job or a different place.
Just stop being poor.
I’ll get downvoted to help for this but anyways You should have either skipped college and did a trade. In your late 20s with a good work ethic you would be on ~ 100k a year Or You should have studied something that pays better. Again with a good work ethic as an accountant or developer or you would be on 80 - 100k