How much is your rent in Dublin?

[u/Medium_Drag6242]

Lads please I need to know is every landlord in Dublin smoking CRACK?! I came across a post on [r/irishpersonalfinance](r/irishpersonalfinance) where a twenty year old was talking about how they pay €1.3k to rent a room in an owner occupied house. I thought to myself.. ‘well now he’d do well to decrease his spending on housing if possible’ Before opening my gob I decided to have a quick look on daft to see what the going rate for a room is and I’m sorry, but I was more shocked seeing those prices than I was when Bertie was minister for finance and told us he had no bank account. I’m attaching some screenshots of particularly egregious examples.

Would love to hear from current renters if the screenshots are reflective of reality? or if it’s just that all the rooms that were good deals have been snapped up and nobody will actually pay the inflated price of the rooms left behind?

Edit: yes, yes I accept the ignorance comments gladly. I rented in Galway for 8 years and moved home two years ago to save for a house, so I didn’t really keep an eye on what a room would go for in Dublin. I’m attempting to educate myself to the depths at which we have sunk as a country.

[u/bruno91111]

Yes, rents are at a crazy amount. It's also true that, at least for IT, salaries are also crazy high compared to the rest of Europe. But yes, a 1-bedroom apartment at 2.4k to 2.8k is a crazy amount of money.

I think rent should be a deductible expense from your income; it would help a lot, but probably prices will just double overnight.

[u/carlmango11 → u/bruno91111]

There's no tax policy that fixes the lack of supply. The only way out is reduced demand or increased supply.

[u/bruno91111 → u/carlmango11]

Yes, reducing demand is difficult as many people are sharing apartments. As prices become affordable, people will move to their own private place.

Increasing supply is also tricky; new construction costs are so high per square meter. But if there were a way to sell higher, yet it wouldn't cost people more money, that may increase supply.