A Complete Explanation Of Everything

I just posted this on the 'pin but I'll expand it slightly here...

It's funny, since I first looked into the affordable housing scheme, there has been a distinct change in the nature of the language and the criteria for eligibility.

Spurred on by a thread on the 'pin - county council desperation, here is what I've noted.

12 mths ago, the threshold in North Dublin was that your earnings must not exceed 40,000 per annum gross. And you had to be able to evidence savings of I think it was approx. €500 per month for three months.

Now, I just glanced quickly at affordablehome.ie and the standard is now....

You must earn in between 25k and 58k! And now you have to stick away €750 per month in savings to qualify...

South Dublin is worse and that's what sparked this little topic, according to the info from the link posted in the other thread, your earnings must now exceed 45k per annum before you even shagging qualify!!!

So there you have it, the changing nature of the meaning of affordable over the last year.

Perhaps, they should start with looking at the prices the developers are charging them for these attempts at "social" housing.

But then again, that would hamper their social duty to giving their developer buddies a dig out now that the banks have tightened their lending criteria and the investor has scarpered over the horizon realising that the days of infinite capital investment appreciation are gone...