‘I am afraid that it’s already too late for me to ever own my own property’. From the Independent.ie

Renting was once seen as a step towards the property ladder and owning a home.

But now people of all ages are finding themselves tenants, for indefinite periods of time. The high costs involved mean that a mortgage remains a pipedream for most.

Paula Saul (28), from Clondalkin, Co Dublin, is struggling to make ends meet in private rented accommodation. She works part-time as a care assistant in a nursing home and is a single parent to a four-year-old daughter.

“Before I had my child I worked full time. I would have liked to save for a mortgage but there’s no possibility of that now,” said Paula.

“I don’t think I’ll ever be able to buy my own home. I’d like to imagine that I would, but I’m paying rent. I’d never be able to save anything.”

Although she is on the waiting list for a council house, Paula and her daughter are going down in the list of priority rather than up.

“I went to them before I started renting to see how long I would be waiting, and they said that 250 people were in front of me.

“Then I went back six months later and there were even more people in front of me that had been prioritised,” she said.

Paula searched for over a year to find housing that would accept rent allowance. “I viewed over 50 properties and I just never got a call back,” she said.

Click below to read more…..

http://www.independent.ie/business/personal-finance/property-mortgages/i-am-afraid-that-its-already-too-late-for-me-to-ever-own-my-own-property-34897976.html