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Show HN: Rental data supplied by tenants in Ireland, searchable by all

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Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#71

Post by denismi »

quacked wrote: post #46
ericmcer wrote: post #43

Earlier quoted context omitted.

This seems like a global phenomenon. What is happening? Is this related to globalization? It feels wrong to blame any countries internal policies when it seems to be happening in every country simultaneously.

The rate of immigration to developed countries far outpaces the rate of building new dwellings in developed countries. Net growth YoY for places like the US, Canada, UK, Australia all tell the same story. Several traditionally less-developed countries are also seeing the rural hinterlands drain and immense internal migration to urban areas.

So we tested this in Australia.

We shut our borders suddenly and unexpectedly for two years, going from a long-run rate of over 1% net immigration to negative overnight. Meanwhile, we kept development approval and construction going largely unperturbed.

Our housing market responded with a two year long bull-run.

As convenient as it is to blame immigrants, I don't think it's true.

Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#72

Post by Macha »

astrange wrote: post #66
jnsie wrote: post #61

Earlier quoted context omitted.

> This is why more Irish live in America than in Ireland This is nonsense. Are you telling me there are over 5 million 1st generation Irish people living in America? Of course the number will be significanty greater if you include descendants

If you were born in Ireland then your grandchildren born in America are Irish citizens if they apply, aren't they? Anyway, Americans consider themselves Irish/Korean/Iranian/etc down to 2nd or 3rd generation even if the original countries don't. (In fact, all white Americans think they're Irish even if they aren't because it lets them drink in more bars. That's also how America stole all the credit for inventing Hall…

The few million people that moved in the 1800-1980 era have a lot more to do with the prevalence of nth generation Irish descendants than people who have moved in the last two decades of property shortages

Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#73

Post by LegitShady »

denismi wrote: post #71
quacked wrote: post #46

Earlier quoted context omitted.

The rate of immigration to developed countries far outpaces the rate of building new dwellings in developed countries. Net growth YoY for places like the US, Canada, UK, Australia all tell the same story. Several traditionally less-developed countries are also seeing the rural hinterlands drain and immense internal migration to urban areas.

So we tested this in Australia. We shut our borders suddenly and unexpectedly for two years, going from a long-run rate of over 1% net immigration to negative overnight. Meanwhile, we kept development approval and construction going largely unperturbed. Our housing market responded with a two year long bull-run. As convenient as it is to blame immigrants, I don't think it's true.

I would guess that corresponds with printing a lot of money for COVID, so everyone with capital stuck it into property since they couldn't wait to get out of cash and lots of businesses couldn't operate.

Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#74

Post by Macha »

elictronic wrote: post #15
BlackjackCF wrote: post #9

Earlier quoted context omitted.

Not that I’m aware of, though it would be nice. I get why though. I moved to Dublin from the US (from an expensive part of California) and I was shocked by the rent. It was more expensive than apartments I was paying for in the US, but Irish software wages are a fraction of what you’d get in the US.

I am a little surprised by this. Are you sure you were comparing similiar styles and areas. Looking around online Dublin looks to be 26% cheaper than San Francisco. Rent for a single person is quite a bit lower and even rent for a family shows it to be lower but not by as much? I just glanced at https://livingcost.org/cost/dublin/san-francisco so not sure how accurate those style calculators are and is the cause of m…

It's 26% cheaper on rent than SF but half the gross salaries for software devs and higher taxes on that gross. Also, SF is possibly one the worst places on earth for affordability, alongside Manhattan, so it's rather alarming how close Dublin is to those prices these days.

Honestly, as a software dev you are better off in the US because you're going to be on the winning side of that income inequality.

Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#75

Post by [deleted] »

smeej wrote: post #65
ovulator wrote: post #55

Earlier quoted context omitted.

We added a billion people to the planet last decade.

The snarky part of me wants to comment that all those people are under 10, then, and should really be living in houses that were already otherwise occupied by older people, but I take your point.

[deleted]

Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#76

Post by Macha »

messe wrote: post #51
astrange wrote: post #42

Earlier quoted context omitted.

Yeah, it is pretty hard. Mine actually moved back to the UK but we have more immediate family there than usual. (Except for me since the tech industry isn't as good.) Apparently Australia is actually the only country with net immigration from the US.

> Apparently Australia is actually the only country with net immigration from the US. The E3 visas help with that. Otherwise as a tech worker you're generally stuck with either a H1B (which is a lottery) as a new hire, or L1B (which requires working for the company for a year) as an existing employee. Not all of the allocated E3 visa slots get used though, so IIRC, there's been continued discussions on Irish citizens…

Are tech workers not eligible for EB-2/EB-3? I haven't gone through the process myself, but from a number of people I know I have, it seems pretty automatic for my EU citizen contacts to get US visas compared to the drama the process causes for Indians (my understanding is that this is due to many limits being per-country, but not considering population)

Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#77

Post by ajxs »

denismi wrote: post #71
quacked wrote: post #46

Earlier quoted context omitted.

The rate of immigration to developed countries far outpaces the rate of building new dwellings in developed countries. Net growth YoY for places like the US, Canada, UK, Australia all tell the same story. Several traditionally less-developed countries are also seeing the rural hinterlands drain and immense internal migration to urban areas.

So we tested this in Australia. We shut our borders suddenly and unexpectedly for two years, going from a long-run rate of over 1% net immigration to negative overnight. Meanwhile, we kept development approval and construction going largely unperturbed. Our housing market responded with a two year long bull-run. As convenient as it is to blame immigrants, I don't think it's true.

There were other factors at play. Many professionals transitioned to a permanent work-from-home arrangement, which caused a large interest in more affordable property outside of the major cities. Since things have gone back to the 'old normal' the rental prices in Sydney have gone absolutely insane. The average price for even mediocre apartments close to the city is around $1000 a week.

Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#78

Post by tick_tock_tick »

denismi wrote: post #71
quacked wrote: post #46

Earlier quoted context omitted.

The rate of immigration to developed countries far outpaces the rate of building new dwellings in developed countries. Net growth YoY for places like the US, Canada, UK, Australia all tell the same story. Several traditionally less-developed countries are also seeing the rural hinterlands drain and immense internal migration to urban areas.

So we tested this in Australia. We shut our borders suddenly and unexpectedly for two years, going from a long-run rate of over 1% net immigration to negative overnight. Meanwhile, we kept development approval and construction going largely unperturbed. Our housing market responded with a two year long bull-run. As convenient as it is to blame immigrants, I don't think it's true.

2 years can't make up for decades of being behind schedule. Throw in low interest rate and government's throwing money everywhere it'd be much more shocking if anything else happened.

Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#79

Post by rurounijones »

ericmcer wrote: post #43
Ecstatify wrote: post #21

The rent in Ireland is insane for the quality you get. My GF and I are currently living in my parents house. Collectively we earn ~€200K. New homes are in limited supply. Existing homes are poor quality but demand has increased the prices dramatically. We were looking at a new development and they increased the price by €80K. For a lot of people owning a home is becoming unrealistic.

This seems like a global phenomenon. What is happening? Is this related to globalization? It feels wrong to blame any countries internal policies when it seems to be happening in every country simultaneously.

BlackRock and co trying to buy every house they can get their hands on are not helping.

Re: Show HN: Rental data supplied by tenants in Ireland, searchable by all

#80

Post by laurencerowe »

Macha wrote: post #76
messe wrote: post #51

Earlier quoted context omitted.

> Apparently Australia is actually the only country with net immigration from the US. The E3 visas help with that. Otherwise as a tech worker you're generally stuck with either a H1B (which is a lottery) as a new hire, or L1B (which requires working for the company for a year) as an existing employee. Not all of the allocated E3 visa slots get used though, so IIRC, there's been continued discussions on Irish citizens…

Are tech workers not eligible for EB-2/EB-3? I haven't gone through the process myself, but from a number of people I know I have, it seems pretty automatic for my EU citizen contacts to get US visas compared to the drama the process causes for Indians (my understanding is that this is due to many limits being per-country, but not considering population)

It's not really practical to move to the US on an EB-2/EB-3 green card since even at best its an 18 month process if you're not from one of the countries that reached its per country limit, so you're unlikely to find an employer to sponsor you to start a job so far in the future.

So usually what happens is you move over on an H-1B but those are subject to an annual cap for which you only have a 1/4 chance of being selected unless you work for a cap-exempt non-profit employer.

Employers will usually sponsor a green card after you start working for them.

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