Cost Of Living

Started by Olly, July 03, 2022, 05:55:36 AM

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ThomasMullan

Just curious what people's winter gas costs are? I just got a bill from SSE for £680 for Nov and Dec.

seafoid

Inflation is up again in the 26 counties- from 2.6% to 3.5%
"f**k it, just score"- Donaghy   https://www.youtube.com/watch?v=IbxG2WwVRjU

LC

Quote from: seafoid on January 05, 2024, 03:01:57 PMInflation is up again in the 26 counties- from 2.6% to 3.5%

I am surprised it is not higher when you see things like this.

https://businessplus.ie/news/couple-house-earn/

Glad I don't live in Dublin.

bennydorano

Some forecasters expect UK Inflation to hit 2% by the middle of this year, where previously they thought mid-2025.

I'd imagine that is heavily dependent on what's going on in around the Suez canal now tho. I fully expect the Houthis are going to get a few drone visits in the coming nights.

Oil prices are remaining steady anyway (atm)

marty34

Quote from: LC on January 05, 2024, 03:27:20 PM
Quote from: seafoid on January 05, 2024, 03:01:57 PMInflation is up again in the 26 counties- from 2.6% to 3.5%

I am surprised it is not higher when you see things like this.

https://businessplus.ie/news/couple-house-earn/

Glad I don't live in Dublin.

Very true.

At approximately £500, 000 for a house in Dublin, that's £50, 000 for a 10% deposit.

£50k deposit.

In all seriousness, how can people save £50, 000? 

That's some saving for 2 people, no matter where they live or what jobs they have...in my opinion anyway.


armaghniac

Quote from: marty34 on January 05, 2024, 04:20:27 PM
Quote from: LC on January 05, 2024, 03:27:20 PM
Quote from: seafoid on January 05, 2024, 03:01:57 PMInflation is up again in the 26 counties- from 2.6% to 3.5%

I am surprised it is not higher when you see things like this.

https://businessplus.ie/news/couple-house-earn/

Glad I don't live in Dublin.

Very true.

At approximately £500, 000 for a house in Dublin, that's £50, 000 for a 10% deposit.

£50k deposit.

In all seriousness, how can people save £50, 000? 

That's some saving for 2 people, no matter where they live or what jobs they have...in my opinion anyway.



€50,000 is €10,000 for 5 years, so €200 week. Plenty of people are spending €30/week on lattes, have a €20/ week phone contract which could be done for half that, have Sky Sports and Netflix subscriptions and ridiculous car loans. OK it might require a good look at outgoings, but our parents and grandparents had to do that too when they bought a house.
If at first you don't succeed, then goto Plan B

Ethan Tremblay

Given the thread is called cost of living you can hardly expect people to forgoe the basic enjoyments in living a life for the basic right to own a home.

I get your point to a degree, people do have silly outgoings, but going for a coffee or watching Netflix shouldn't need to be sacrificed to save for a deposit. When your having to get that granular, something is fundamentally wrong.
I tend to think of myself as a one man wolfpack...

thewobbler

Quote from: armaghniac on January 05, 2024, 05:32:37 PM
Quote from: marty34 on January 05, 2024, 04:20:27 PM
Quote from: LC on January 05, 2024, 03:27:20 PM
Quote from: seafoid on January 05, 2024, 03:01:57 PMInflation is up again in the 26 counties- from 2.6% to 3.5%

I am surprised it is not higher when you see things like this.

https://businessplus.ie/news/couple-house-earn/

Glad I don't live in Dublin.

Very true.

At approximately £500, 000 for a house in Dublin, that's £50, 000 for a 10% deposit.

£50k deposit.

In all seriousness, how can people save £50, 000? 

That's some saving for 2 people, no matter where they live or what jobs they have...in my opinion anyway.



€50,000 is €10,000 for 5 years, so €200 week. Plenty of people are spending €30/week on lattes, have a €20/ week phone contract which could be done for half that, have Sky Sports and Netflix subscriptions and ridiculous car loans. OK it might require a good look at outgoings, but our parents and grandparents had to do that too when they bought a house.

Except

1. Those of our parents and grandparents who scrimped and stretched and saved didn't do it so we would have to do the same.

2. Plenty of our grandparents and parents drank and gambled every penny that came their way, and could do so in the knowledge they'd still have a roof over their heads.

3. if our grandparents and parents hadn't turned housing into a commodity, this conversation wouldn't be needed.

armaghniac

Quote from: thewobbler on January 05, 2024, 06:19:53 PM1. Those of our parents and grandparents who scrimped and stretched and saved didn't do it so we would have to do the same.

They all ensured that we would get "good" jobs and not have to be builders. But if everyone has a "good" job and there are few builders then it simply bids up the price of houses. 

Quote from: thewobbler on January 05, 2024, 06:19:53 PM2. Plenty of our grandparents and parents drank and gambled every penny that came their way, and could do so in the knowledge they'd still have a roof over their heads.

There is more than a few snorting powder today in the knowledge that they'll end with the Granny's house.
If at first you don't succeed, then goto Plan B

gallsman

And what about point 3?

I'm a comfortable homeowner in my mid 30s but fully conscious how difficult so many of my age and those younger have it.

Can't f**king stand the "drink less coffee" brigade.

armaghniac

Quote from: gallsman on January 05, 2024, 11:42:38 PMAnd what about point 3?

I'm a comfortable homeowner in my mid 30s but fully conscious how difficult so many of my age and those younger have it.

Can't f**king stand the "drink less coffee" brigade.

In what way did our parents and grandparents turn houses into a commodity, most of them just lived in a house?
It is hard, the only solution is to have more builders.
If at first you don't succeed, then goto Plan B

seafoid

Inflation has pivoted and started going up again.
There is a risk of a house price crash if rates stay where they are at or even rise further.
"f**k it, just score"- Donaghy   https://www.youtube.com/watch?v=IbxG2WwVRjU

armaghniac

I don't think Irish houses prices will crash. There is money about, income tax receipts were up 7% last year. Most likely inflation will be 3% and perhaps house prices will decline by 3% so they will have become slightly more affordable but without anything resembling a crash.
If at first you don't succeed, then goto Plan B