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MORE THAN A quarter of 25-34 year-olds are moving back in with their parents to save money for the deposit on a house.
That’s according to a new survey which also found that nearly 70% of those questioned felt that owing their own home was ‘unrealistic’.
The research was carried out on behalf of Aviva Home Insurance and demonstrates the ever changing attitude towards home ownership among young people in Ireland.
Despite the growing sense that home ownership is becoming more unachievable, about half of those surveyed (49%) still felt that the Central Bank’s new deposit requirement are ‘necessary’. Slightly fewer, 40%, describe it as fair.
Recent research has found that that 37% of adults aged 20-49 are currently renting their home. This though, is in many cases isn’t by choice.
He pointed out that just 17% those currently renting in Ireland plan to do so long-term.
“While this may reflect a cultural preference, or the benefits of homeownership. It seems more than likely that the type, quality, affordability and, in particular, security of tenure of private rented accommodation also plays an important role,” he says
Gerlach argues that there are three aspects that influence the attractiveness of renting. They are:
The security of tenancies.
The number of letters with multiple properties. He says that in Ireland there are too many private landlords who rent out a single property.
Tax policies that favour home-ownership. Overall, he says it seems desirable for tax policy to be neutral between homeownership and renting.
Gerlach goes on to argue that, although a strong rental market is important to stave of a boom-and-bust housing culture, it’s only preferable if people can make a true choice between home ownership and renting.
“To reduce the risk and the amplitude of future housing cycles, housing policy needs to consider also financial stability issues,” he told the conference
“In this regard, it seems particularly important to promote a well-developed rental market as a genuine alternative to ownership, and an attractive investment proposition for potential landlords. While many households may continue to buy rather than rent, we need to make sure that this choice reflects their preferences and does not merely reflect a poorly functioning rental market.”
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Is the solstice sunrise (sunset) in the EXACT same direction now as it was 5000ya when Newgrange was built? If have heard that it has changed by about 1.5deg. but if anybody can give me an answer (with reference! I would be MOST grateful!
@Alan Wright: Ah! But by how much ‘not exactly’? Anybody know where I would find out? I’m not so much interested in Newgrange but 2 or 3 monuments in the SW, and this information would be useful. Cheers!
@sean o’dhubhghaill:
Dear Sean
You will find answers to your question(s) in my paper (link below) available on the digital research repository of TU Dublin ‘ARROW’.
I have numerous other papers on the same topic also free to download under my name.
Best wishes
Dr Frank Prendergast
TU Dublin
The ‘window’ in which the sunlight shines is a relatively recent construction. You will see in older images take of the front of #Newgrange, the portal didn’t exist and there is no record of it ever existing. The crew at the time took some artistic licence with the reconstruction.
The simple fact this is not pointed out dilutes the creditability of the modern interpretation of this site.
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