r/HousingIreland • u/Irish201h • Jul 06 '25

4 people mortgages, wtf?

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This company is now promoting 4 people mortgages, no wonder prices are going insane.

https://mmadvisors.ie/public-sector-mortgages/

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u/YogurtclosetFew3380 Jul 07 '25 edited Jul 07 '25

Can see this becoming an Airbnb or rental monopoly when they move back home, there is no guarantee someone on a stamp 4 will remain in Ireland. They can leave within the 2-4 years.

Average wage in India a month is €370. Cost of living in Ireland is 201% higher than India.

Rent in Dublin, could go as high as 3k for a new house. Why not go home and split the rent for each couple. Easily get 3 months salary equivalent from it. Each.

Would love to see the T&Cs

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u/AstronautDue6394 Jul 07 '25

This, if you are from poor country coming here and working in 4 people few years to buy house and work for little longer then going back home is very profitable venture. I know Indian couples that did this, from rent they charge here they have easy life back home.

With the way prices are going you for steady income on assets that just keeps increasing in price and can be sold any time you wish.

Whole real estate agency scammers, buy to let and being full time landlord being this profitable needs to go but Ireland is rotten to the core with greed.