Dublin Sinn Féin city councillor has commented on a recent report by daft.ie, where it illustrates that a 3 bed house to rent in North Dublin City costs €1400 per month.
Cllr Cathleen Carney Boud said:
“Roughly, that is €350 a week for rent, then there’s bills to pay, transport costs getting to work, school fees etc. and that’s before you put a dinner on the table!”
For working families it is a huge struggle to keep a roof over their heads. These prices are going to continue to rise until supply meets demand”
We tend to focus on families on rent supplement or mortgage arrears but I have had more and more families who are stuck in the rental trap come to me looking for advice.
It is frustrating that renting is costing more than a mortgage, but it is impossible to save when paying such high rents and the new 20% deposit rule will mean that many families will be renting for most of their lives.
Security of tenancy, rent controls and better regulations must be applied to support long term tenants.”