Ah, yes, the halcyon days of the early 1980’s, when mortgage rates were well over 15% and unemployment was even higher.
There was a reason why Ireland’s population remained pretty much level in the midst of a baby boom. There were more people emigrating every year than sitting the leaving cert.
dublindave112 on
In the early 1990s, a new build in Cherrywood Drive, Clondalkin, was £39,950. Nice area, walking distance of Clondalkin Village.
LectureBasic6828 on
No one wanted to live in Bray in the 1980’s.
ScepticalReciptical on
My parents bought their first house for £8,000 in the late 1970s. At the time my father’s salary was £5,000 a year. Taxes were higher and interest rates were too, but you’d need to be on €400k year to be in a similar position now.
Nearby_Island_1686 on
Looks like a big 2 bed house.
Dazzling_Lobster3656 on
Poverty labour was great wasn’t it
Quietgoer on
So much copium in this thread. People really want to believe things are better now in every way even when they’re not
LordyIHopeThereIsPie on
My parents bought their first house in Dublin in 1978 for £3,000 and sold it 3 years later for three times what they paid.
oldshay2580 on
So £30,000IR is about 3 times the average salary for the time but mortgage interest rates would have been as high as 13%! And if you built a house to just that standard of finish and energy efficiency today, it would probably be sold for around 150 – 200K as they would have had minimal insulation and be a reasonably basic construction compared to a modern A rated house. An A Rated house is energy and labour intensive to produce, and this adds to the bottom line. But of course, houses are expensive today. Very, very expensive.
SoloWingPixy88 on
If it makes you feel better , you werent getting finance 42 years ago and if you did you’d be paying double digit interest. Also youre hoping you had a job.
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What’s the date on that add ?
Ah shure stop buying your coffees and expensive chicken fillet rolls and you’ll get a house.
https://preview.redd.it/je5m7l8j7h2g1.jpeg?width=2556&format=pjpg&auto=webp&s=942ad217bfbcb06fd3eb572aa63a445e27014c16
Still looking sharp
Interest rates were cheap then too, only 13%.
Ah, yes, the halcyon days of the early 1980’s, when mortgage rates were well over 15% and unemployment was even higher.
There was a reason why Ireland’s population remained pretty much level in the midst of a baby boom. There were more people emigrating every year than sitting the leaving cert.
In the early 1990s, a new build in Cherrywood Drive, Clondalkin, was £39,950. Nice area, walking distance of Clondalkin Village.
No one wanted to live in Bray in the 1980’s.
My parents bought their first house for £8,000 in the late 1970s. At the time my father’s salary was £5,000 a year. Taxes were higher and interest rates were too, but you’d need to be on €400k year to be in a similar position now.
Looks like a big 2 bed house.
Poverty labour was great wasn’t it
So much copium in this thread. People really want to believe things are better now in every way even when they’re not
My parents bought their first house in Dublin in 1978 for £3,000 and sold it 3 years later for three times what they paid.
So £30,000IR is about 3 times the average salary for the time but mortgage interest rates would have been as high as 13%! And if you built a house to just that standard of finish and energy efficiency today, it would probably be sold for around 150 – 200K as they would have had minimal insulation and be a reasonably basic construction compared to a modern A rated house. An A Rated house is energy and labour intensive to produce, and this adds to the bottom line. But of course, houses are expensive today. Very, very expensive.
If it makes you feel better , you werent getting finance 42 years ago and if you did you’d be paying double digit interest. Also youre hoping you had a job.