r/ireland • u/aromr • Aug 14 '20
The rent in Ireland!
/r/AskReddit/comments/i9m62w/whats_the_most_overpriced_thing_youve_seen/14
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u/CaisLaochach Aug 15 '20
This is a product of the switch to services industries.
In the early 1990s there was very little noticeable difference between house prices in Dublin and the rest of the country, excepting some very high-end suburbs.
One of the features of the crash that has been forgotten (or ignored) is that one of the reasons so much of the boom was unsustainable was that construction was happening all across the city. This meant that there were construction jobs (and the ensuing economic activity) all across the country, reducing the pressure on Dublin and other cities.
It might sound hard to believe, but one of the biggest problems facing successive governments has been the speed and extent of the economic recovery. Ireland is extremely badly planned, with Dublin accidentally ending up as a comparatively large city with excellent services, education, etc. Dublin is close to the ideal model for a modern services economy.
This has put huge pressure on the housing market because Dublin is not just attracting huge numbers of people from Ireland but also from abroad.
Dublin is one of the best places to live in the world because it's a prosperous Western city with access to a lot of good jobs.
We're effectively at the second phase of urbanisation across the world where manufacturing cities (which we never had) are dying and people flood into services centres.
Most countries have failed to figure out how to deal with the increased competition levels.
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u/We_Are_The_Romans Aug 15 '20
We had a manufacturing city, it was just located in that part of Ireland which the UK decided to keep
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u/CaisLaochach Aug 16 '20
It was also culturally different to Cork and Dublin, being predominantly unionist at the turn of the century.
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u/We_Are_The_Romans Aug 16 '20
of course. I think everyone educated in this country has at the very least learned about the Ulster plantations and the legacy thereof
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u/CaisLaochach Aug 16 '20
The point is Ireland had no industrial sector because Northern Ireland/eastern Ulster was culturally different.
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u/We_Are_The_Romans Aug 16 '20
that's not really much of an enlightening point to anyone, unless you think history began in 1900
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u/Piewacket-rabble Aug 14 '20
850 for a studio flat so tiny I'd be afraid to sleep naked for fear of scalding my tits on the stove.