Name: Calina aged 34.
I don’t own a house because despite earning noticeably more than the average, I can’t actually afford anything closer than 90 minutes from work. So I rent.
Will the property market crash? Probably. Given that most of the time I’ve been back in this country for the past x number of years, the rationale for buying property has been “I’ll get priced out if I don’t buy that one and only thing I can afford in a location which is totally and utterly inconvenient to the rest of my life” and or “if you don’t get on the ladder you’ll never get on the ladder” and “property is better than a pension” and “property will never go down in Ireland” and above all else “it’s different here”, I feel that the market is somewhat irrationally exuberant. Can’t go on. When the market participants will see sense is open to debate. If they had any cop on at all they’d have seen it three years ago. There ain’t no such thing as a free lunch.
AAM: I posted on various fora, specifically property related. I was a regular participant in the gargantuan thread the sum of which appeared in today’s Irish Times. I don’t have a lot of time for the site of late - some of the participants are very helpful, but the moderation is, I feel, overly forceful.
Where to buy? Convenient to where you work/have a life. Personally I live ten minutes from work, twenty minutes from my swimming pool and twenty five minutes from where I spend most of my time in the summer. All told, I don’t think I do too badly. I’d buy there if I had a chance. Meanwhile I don’t see the point in buying hours from those places.
I’m not the person to ask for advice on getting rich because I don’t think money is the sole measure of a person’s worth. I’ve never measured other people by their financial worth, but by how happy they are in what they are doing with their life.