Caden Grimes Estates

Residential & Commercial Property Sales & Lettings | Lettings Management | Accommodation Outsourcing | Corporate Relocation

  • PSRA Licence Nr 001883 | M 086-2432238
  • Home
  • Who we are
  • What we do
    • Sales
      • Residential
      • Commercial
    • Lettings
      • Residential
      • Commercial
      • Lettings Management
    • Corporate Accommodation Outsourcing
    • Corporate Relocation
  • Our Team
  • Testimonials
  • Contact Us

Lives On Hold – The Hidden Cost Of The Housing Crisis

July 21, 2018 By Lee

Lives On Hold

There is a generation in Ireland right now whose lives are on hold.

Much has been written on the housing crisis, the cost and affordability of buying or renting a home, on homelessness. But very little is written on the wider social impact of this crisis.
David McWilliams opened the debate in an Irish Times article in May of this year. He spoke of meeting two Irish women in the immigration queue in Dublin airport who had moved from Ireland, one to Vienna, one to Berlin and how they laughed at his idea of saving for a home here.

It is a rite of passage, part of the social contract, for young people to move from the nest, to live alone or with a partner, to establish themselves, to mature. And, usually, to raise a family.

It seems now that this essential milestone is blocked from many. The shortage of housing has led to exorbitant rents. That means that a young couple paying rent cannot afford to save for a deposit.
That in turn has led to couples sharing apartments, unable to afford their own space to be together.
young people not alone sharing houses or apartments, but in a lot of cases sharing beds with complete strangers.
And what is known as “Concealed Families” young parents unable to find an affordable place to live on their own who are living with their parents, unable to forge an independent life of their own.
And their parents too, who looked forward to sharing quiet time with each other at that stage.

The last generation expected to have flown the nest and be established by their late twenties, thirty at the outside. School, college, a job, a promotion or two, probably a steady relationship, all achieved.

This generation will have to push that expectation back by a decade and that will have its own impact on their mortgage lifetime. Many will be forced to rent for their lifetime, especially those unfortunate enough to have bought at the wrong time and find themselves in permanent negative equity.
And who will pay the rent when they retire?
Spending more on rents and mortgages will also have an impact on providing for a pension in their old age.

There is an enormous generational social cost to this housing crisis that has not been publicly discussed and has not, to my knowledge at least, had the focus it deserves from our politicians.

The previous Ministers with responsibility in that portfolio, Hogan, Kelly, Coveney laid successive trails to this crisis. It is up to this government to lend all of its resources to fix it.

 

Caden Grimes Estates is an Estate Licensed with the PSRA, 001883       info@CGestates.ie

 

Filed Under: Uncategorized

    Contact Us Now!







    Testimonials

    Mary One Property

    "We first engaged Gerry Grimes to find a tenant for us in 2005 and have been using his services ever since. We don't even consider contacting another agency when we are looking for new tenants. Gerry's judgement has always been sound, the end result being that our property has been let without major gaps in tenancy and the clients were long lasting and reliable."

    Helen One Apartment

    "Property for People has proven themselves to me on a number of counts. Rapid response to queries, a comprehensive service leaving no loose ends when leasing and most importantly the genuinely sound tenants that they found for the apartment."

    Peter Weston Investments, Various Commercial and Residential Properties

    "Gerry rents and looks after my investment properties. Rents, problems, leases are all under his control, he takes a huge amount of work from me. He’s very reliable and quick to get back to me, an excellent manager."

    Jini & Terence Rooney One Property

    "PropertyforPeople has managed our property for the past four years. He consistently conducted his business expertly, efficiently and with minimum intrusion to us. He secured several excellent tenants who left the property in impeccable condition. Based on the high quality of service that we have received from Gerry, we would gladly recommend his services to anyone seeking a reliable property manager."

    << Prev
    Next >>

    ©2017 Caden Grimes Estates. All Right Reserved.

    This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Reject Read More
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT