Vier-Personen-Hypotheken auf dem Vormarsch, als irische Käufer den Quetsch spüren

I’ll have to suggest this to the wife.

This is absolutely absurd. Not so long ago a single income was enough to get on the property ladder, then you needed dual incomes, and now people are coupling up to buy a home 🤦🏻‍♂️. This is actually heart breaking. I really feel sorry for the younger generations.

It’s not aimed at Irish people, more the Asian community. Again, it’s not going to be dealt with, and more and more irish people won’t be able to buy homes. How can a single person compete against 4 people?

I’m really getting fed up with our „ah sure be grand“ government and peoples attitudes to this. It won’t be grand. It’s gotten worse year after year.

We aren’t building enough homes for the Irish or the people coming in. 300k have come in the last few years, and no one is saying anything about it.

I would hate to be a recent graduate. There is no hope of a decent job or getting a house.

We are asleep at the wheel.

Primarily Indians / South Asians who don’t mind sharing houses with another couple / extended family. Something doesn’t sit right with this. They’re obviously just as entitled to buy property as native Irish people but this is the sort of thing that kills your hope when you realise you’re competing against 4 income streams to buy the same property!

Until the government sorts out supply my fear is tension on immigration issues are going to keep rising with housing issues like this fanning the flames

Is there intergenerational mortgages yet ?

In 5-10 years you’ll start seeing newspaper reports of people stuck in awful situations because of these types of multi buyer mortgages.
They are a nightmare.

There needs to be legislation brought in to stop this immediately.

All this does is increase the price points exponentially it helps no one out at all its crazy.

If let go, this will become the norm rather than the exception as banks and sellers will increase the price to the limit meaning only 4 people together can afford it. Its utterly abhorrent.

This article/thread will have people riled up at Indians. The reality is that you aren’t competing against four Indians for a house. What you are competing against is people receiving parental gifts to help buy their homes. There will be many multiples more of people receiving 6 figure gifts a year than Indians buying in groups of four. There will be 1000X as many people getting deposit size gifts than 4 Indians buying houses together.

If you are really concerned about the market being skewered against a hard working single or a couples income, this is your real enemy.

As time goes on emigrating seems like the right call more and more

Honestly, what an absolute mess this country has become over the last few years sky-high house prices, crumbling infrastructure, zero control over asylum numbers. And now we’re seeing the market pushed even further by couples teaming up to inflate mortgage capacity.

Let’s be honest, I doubt it’s mostly Irish couples doing this. And in the middle of a housing crisis, it’s not unreasonable to suggest that home ownership should be prioritised for citizens until supply catches up with demand. Other countries like Canada and Australia have already brought in restrictions on foreign buyers to help ease pressure.

Instead, we get more lip service and no action from the usual suspects Micheál Martin and Simon Harris, the gombeens running the show.

As rightly pointed out by the majority here, this product offering is aimed at the Indian community here.

The government has slept walked into a huge mess on this, as resentment is mounting among many trying to rent or buy against immigrants and given the news this week that only 6k+ commencement notices were lodged, the outlook for housing delivery in the immediate future is grim which will only further exacerbate the resentment of people.

The fear with the above is that it pushes people further to the extreme right and given that the far right here have so far been a bunch of incompetent clowns. I don’t think it will be long until they attract competent individuals and establish a political party of professional standards, it’s happened all across the continent with the AfD being the best example.