I was flicking through the “drive time” radio shows this evening on the bus on the way home (I’m sure my preference for listening to “the story” rather than “the show” or “the presenter” is a radio stations nightmare).
Anyway, on The Last Word I tuned in just at the end of an interview with Tom Parlon and an economist who’s name I don’t remember. I was reminded of some of the coverage given by Conor at Dublin Opinion with regards to the current cheerleading we have going on at the moment trying to get people to buy houses. (My friend Charlie was at it again today in the Indo).
Tom Parlon shared with us the fact that he was going to purchase a house and rent it out and cover his mortgage. He didn’t say where he’d buy, but intimated that it might be Dublin – “you will buy a very decent house in Dublin for €300,000 at the moment”.
Just over 6% of the houses for sale in “Dublin City” on Daft at the moment can be purchased for €300,000 or less. Double that amount of houses are for sale for over €1m. Not much choice amongst the “decent houses” – if people were actually buying.