snotboogie wrote: » We'd be done if that happens. 20% of our entire yearly tax take comes directly from US Multinationals. That's before your count the PRSI of their workers, before you count how many SME they directly support. We would be looking at a 50% decrease in total tax take.
greengrass88 wrote: As someone who wants to get on the Dublin property ladder, seeing "People with 10% deposits or close to will find themselves not being eligible for a mortgage anymore" is very worrying. Is this really very likely?
cnocbui wrote: People in Ireland are generally impoverished through taxation to support a very expensive and inefficient public sector. I believe this is largly why there is such a housing affordability problem in this country - the level of taxation is just too high.
Round Cable wrote: » You do know that your own attached picture states "the figures for Luxembourg and Ireland are often deceptive due to their highly advantageous tax arrangements"?
cnocbui wrote: » In 2018, the corporate tax take in total, was 18.7% of receipts, the multinationals slice of that would be lower, so where are you getting your 20% is from multinationals from?
snotboogie wrote: » Incorrect, in 2018 Corporation tax was 24% of our total tax take. 10.4 billion in Corporation tax out of a total tax take of 43.7 billion:https://www.revenue.ie/en/corporate/documents/statistics/receipts/net-receipts-by-county.pdf The total multinational contribution is about 80-85% of the total corporation tax so right in at 20% of our total tax take. This went up in 2019 too but the figures aren't out yet.
ittakestwo wrote: » https://www.daft.ie/dublin/houses-for-rent/rathmines/123-the-mews-observatory-lane-rathmines-dublin-2013481/ There was a 4 bed house in Rathmines put on Daft for 5000pm at the beginning of March. Its now at €2750 with multiple price drops over the last 3 weeks. With the pictures of towels on the bed I would presume an ex Airbnb. Shocking to think they thought they could get €5000pm for that townhouse. It does not even have a living room for that rent. The rent has gone like this; March 13 €5000pm March 18 €4750pm March 20 €4500pm March 23 €4250pm March 25 €3750pm March 27 €3250pm March 31 €2999pm April 03 €2750pm
lomb wrote: » Looks like a shoebox. The clearing price on that is likely around 2.5k at the moment that's around a 4 percent yield .
cnocbui wrote: » By county, is wrong. Here are the real numbers: http://databank.finance.gov.ie/FinDataBank.aspx?rep=TaxYrTrend
maestroamado wrote: » 4% yield is crazy, there be lots of foreclosures if this becomes the norm. I hope the cuckoo funds get caught with this one but i think it more likely be the taxpayer as Dublin Co Council rented a load of them for 20 years at very attractive rents i remember....
DB197840 wrote: » Contracts signed on my house sale today, we have made a bit of profit and are mortgage approved for the next 6 months. Have been looking around walkinstown/perrystown to buy but prices are still quite high for what we are looking for and most need serious renovation. We are in the 400-500k range. Just wondering are we better off moving back to the parents for 2/3 months and then go searching again,would prices drop much or Estate agents be open to lower offers that soon? Both lucky to be in stable jobs and still working away at the moment. Thanks
dor843088 wrote: » How can you view houses if you have to stay at home ? I dont think estate agents are on the list of essential workers either. Looks like youv not got a lot of choice there bud.
DB197840 wrote: » I suppose I was just looking to see when people would think the agents would stop expecting the high prices on a majority of these properties
DB197840 wrote: » I had viewed a good few before covid 19, few estate agents onto me regarding virtual viewings etc, obviously not going to buy a house just off a virtual viewing. Was just wondering about the ones I had viewed that are still for sale etc and agents have been into me. I will be definitely going back to the parents for a while anyway as my sale is nearly complete and wouldn’t be getting the price I got for my property in a few months time. I suppose I was just looking to see when people would think the agents would stop expecting the high prices on a majority of these properties
Marius34 wrote: » I would think this Summer will be a good time to negotiate 3-5% from the current price, with more option to choose and less biding wars. As long as multinationals corp. stays here, which I believe they will, although would need to follow news on this. I don't believe in property crash with over 20%. Simply because there is lack of property, not many of empty new builds, relatively low number of residential construction, and in overall on a whole scale of a country, today Irish household has way less Loans, and much more in their accounts, than what it was in 2008. In addition to that, for the people who won't loose their jobs, it is much easier to save initial deposit this year, than in any other year.
dor843088 wrote: » How can you view houses if you have to stay at home ? I dont think estate agents are on the list of essential workers either.
