How are people genuinely able to pay rent nowadays?
Bought our house about 3 years ago and haven’t really been following the news regarding rent lately, until today when I came across an RTÉ article about the absolutely insane rent increases, especially in Dublin city.
So I went on Daft out of curiosity and nearly fell off my chair. For reference, my partner and I used to live in a very nice and spacious apartment in the Docklands and were paying €2k for a 2-bed, 2-bath apartment. I checked that same area today and was absolutely gobsmacked. Most apartments with only 1 bed and 1 bath are now €2.8k, 3k minimum. Nothing below that. Even on the north side, apartments are going for €2.5k minimum. I mean… what???
How are people actually able to afford those prices? Meanwhile, tech companies are being hammered with layoffs, and I genuinely wonder at what point the economy just falls apart. Surely this isn’t sustainable?