Bass Reeves wrote: » As I posted Consultants/contractors if genuinely that, then they are not an issue. However it more the idea that Apple or Google will allow thousands of employees who are WFH to live in countries other than Ireland. If they do then they will be libel for tax and social insurance in that country, they must register as an employer there. From there the question of VAT on work they do and how profits are taxed comes into play.
Cyrus wrote: » That’s a bit smart, you know what he meant. And despite your scepticism this is a very real risk for a lot of companies. Even pre Covid. Spain is an especially aggressive jurisdiction
Pelezico wrote: » If someone offers me advice....he better spell liable correctly. Sorry but that is how I feel. He tried twice and then corrected himself. It is like your and you are. These things matter to me.
Villa05 wrote: » No, I reckon the electorate will pull support from the government (which to date have been a disaster, won't last long) in favour of a government that can deliver required housing in an efficient manner. The proportion of the electorate that are renting plus those that own but are impacted by high rents through their children being priced out of the market is at a tipping point. Either the Gov changes policy or the government changes.
fliball123 wrote: » Just another update myhome down over 100 properties again since Monday morning. The supply numbers is depressing at the moment.
Marius34 wrote: » Will be interesting to see myhome adds numbers in the coming weeks. Second half of August and all September is typically of 6-7 weeks of growth in number of adds.
PropQueries wrote: » David McWilliams Irish Times article on Saturday " It is time for a major property reset", is now free to read on his blog. Link here: http://www.davidmcwilliams.ie/it-is-time-for-a-major-property-reset/
fliball123 wrote: » The only thing I will say is the state has a long long history of paying stupid money and your deluded if you think there is an alternative to the current government who are going to take support away if anything the opposition as it currently stands are far more left leaning and will be giving more support and money away. Unless you seen a party who have actively propositioned this in their manifestos during the elections. By the way I am not arguing with you I think you spot on with regards to the way government are handling things but I cannot see it changing if Sinn Fein get in they will be throwing money at the homeless or should I say those without their own house.
schmittel wrote: » Currently for FG/FF this constitutes middle-class homeowners, and as such the two big parties seem unlikely to do what is required to fix the housing market because it will harm their voting demographic in the form of falling property prices.
fliball123 wrote: » It sure will but in 6 months over 3k less properties that is some reduction to supply. If only we had a crystal ball
schmittel wrote: » Governments tend to act in the interests of their preferred voting demographics. Currently for FG/FF this constitutes middle class homeowners, and as such the two big parties seem unlikely to do what is required to fix the housing market because it will harm their voting demographic in the form of falling property prices. If the government wish to maintain the asset prices for their voters they have little choice but to throw money at the homeless/non property owning classes. However this is a short/medium term situation. Longer term if property prices continue to move out of reach of the younger non property owning classes, demographics dictate that this bloc will become larger and larger, and thus all parties will pursue policies that will appeal to this bloc. For FF/FG, at some stage the political maths will indicate it is better to take radical action to solve the problems of this key voting cohort, at the expense of their traditionally loyal voters, rather than allow SF and the left to capitalise. Of course there is a danger they may leave it too late, and we have an SF and PBP and all that would entail. Be careful what you wish for and all that!
fliball123 wrote: » I am not wishing it far from it. But I see more home owners than renters and homeless combined and that status quo will not be changing for the foreseeable future. So what would the property market be like if all supports were taken away say tomorrow Gov turned and said all meddling in the market is gone. Would it be fair then to lift the likes of the 20/80 rule for borrowing or the 3.5 times your salary? I am sure your aware that those financial rules have also paid a huge part in keeping prices lower than what they could be
PropQueries wrote: » Does anyone have any idea about whats going on with all those ex-AirBnB properties and houses in South Dublin that used to be rented to students. Are the owners going to leave them vacant for the next 12 months or will they re-enter the market as family homes. For example, if a house near UCD was previously rented to students, wouldn’t that house now need to be rented out or sold off as a family home? Just to add to my last point. If, for example, there’s an outbreak in UCD a few days before the mid-term or Christmas break, those students would then be stuck in Dublin for the holidays, so I don’t see how the universities can come back in any meaningful way, so those ex-student rentals may most likely be re-entering the market in the next month or so as family homes.
OwlsZat wrote: » Stands to reason. How in the honour of God could our price per sq meter justify being more expensive than Paris, Barcelona Brussels, talk about a bubble... I'm noticing that the property supply has almost dried up entirely. I'm liking the slow down of the release of property. People are continuing to die so the property must be stockpiling, who could be slowing the release of "fair deal" property for example?
Assetbacked wrote: » https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/economy/dublin-house-prices-fall-0-7-as-virus-applies-hand-brake-to-market-1.4333085?mode=amp "Dublin house prices fall 0.7% as virus applies hand brake to market" is the headline. "The figures show prices nationally rose by just 0.1 per cent in the 12 months to June with consumers, banks and developers effectively on pause as a result of virus-containment measures. The slowdown in activity, however, triggered a 0.7 per cent drop in prices year on year in Dublin." Bearing in mind these figures are based on the level of activity being 33% lower than what it was last year so they have not incorporated any fallout whatsoever as a result of covid. This is reflected in this quote; "Experts say the latest figures primarily reflect activity before the coronavirus-related shutdown and that it maybe several months before the full impact of the Covid-19 pandemic is reflected in headline prices." This stands to reason; people are WFH, Schools aren't even back, pandemic support payments are still being paid etc so of course it will take months to see the fallout. Activity will be limited this side of Christmas so it will be Q1 2021 when transactions start picking up again which means Q2 or even Q3 reports where we can actually see the fallout from covid.
Reversal wrote: » CSO data complete to June 2020 for Dublin. I think we can agree the Google blocks data produced and posted here by our friendly neighborhood EA is flawed in some way and should no longer be posted as fact here.
schmittel wrote: » Yes, I agree 20/80 and 3.5x rules have slowed price appreciation. I think they should be scrapped.
Cyrus wrote: » if we didnt have those rules dublin prices wouldnt have stopped increasing 2/3 years ago and would probably be 15% higher, thats hardly a good outcome?
fliball123 wrote: » Not sure 15% but they would of been higher
Cyrus wrote: » i bought a new build in a very small estate end 17, the first phase was 8 houses and the second phase was 11, second phase was 6% on average higher than the first ( 5-6 months between sales closing in either phase), i think that was the point that prices started to stagnate at that end of the market and they havent grown since. I have no doubt that without borrowing restrictions they would have continued to rise.
Bass Reeves wrote: » It would depend whether exemptions were allowed on top of multiplier. Lots of people depend on exemptions to get them.over the line. No exemption and 4X earnings might be little different to what there at present
