I may have an opportunity to move back to Ireland (Dublin) in the next few months, for a job that pays 100k pa. It would be a very interesting job, with relative security. I am currently in the UK, and me and herself have always aspired to move back to Ireland at some point. We are getting on and this is probably the last decent opportunity.
100k sounds like a lot, but we would, based on relatively detailed research, need to borrow 300k to buy a house at some point. Renting for 1-3 years would not be a problem and, having read this site and other valuable resources, seems prudent. The ration of house prices to incomes does not seem to have balanced out yet. I grew up in D6 and would ideally like to live there or nearby.
My concerns are what is the cost of living like? I am a frequent visitor to Dublin, but as a tourist, staying with the auld pair so I think I am fairly insulated from the real costs of living here. Herself tells me I am insulated from many aspects of reality but that’s a different story.
I am thinking about things like utility bills, food shopping, day-to-day life. Many of the things we tend to do in Dublin are free but walking through Stephen’s Green or up Bray Head is not likely to be a nostalgic thrill when you actually live in the place. We have two kids and would lean towards private education (I am ready for all you can throw me on that one).
My concerns are more related to whether we would have a decent standard of living on that money, rather than whether the principle of moving back to Dublin is a sound one.
Anecdotally, it seems like prices have become slightly less stupid and friends who live in Dublin point out that people actually shop around these days (as if this was some realisation akin to the world being round). However, it would be really useful to have the insight of the pinsters.
More generally, I credit the pin with helping me stay away from some potentially stupid decisions in 2005-2007, as the well-informed caution I read here made me realise that the party could not last. I am not sure if being right is much consolation but you were definitely right.
Anyway, please fire at will and all advice is welcome. Thanks in advance.