wassie wrote: » HTB is not just about FTB. The reason it applies to new builds is to also stimulate the building industry. Its not just property developers who benefit - its a whole industry including trades, suppliers, consultants & engineers, real estate, financiers marketing etc.
Cyrus wrote: » maybe stop guessing about things you have no experience in.
PropQueries wrote: » Ok, did anyone spot anything in the budget that may impact on the property market in either direction? HTB was already well flagged. Seems to me, nothing much has changed from the situation that existed last week. Normally there's small items that aren't noticed but do make an impact. But, from a quick look, nothing seems out of the ordinary.
brisan wrote: » And you have experience of how multinational companies worth 85 b with an annual income of 28 b do their tax accounts I admit I do not but I know we never register a profit as a manufacturing company
PropQueries wrote: » Ok, did anyone spot anything in the budget that may impact on the property market in either direction? HTB was already well flagged. Seems to me, nothing much has changed from the situation that existed last week.
Bubbaclaus wrote: » Can you explain what this means? Help to buy only applies to properties under 500k, which I doubt the "rich" have any interest in buying for their first home.
brisan wrote: » All depends what you consider rich To buy a 500k house you would need a deposit of 50k and a mortgage of 450 k(assuming min deposit ) To get a 450 k mortgage you would need a combined income of 128.5 k That to a lot of people is rich mans money
fliball123 wrote: » Well the fact that the government are spending a shed load of money to try and keep things the way they were before corona instead of what happened in the 08 crash where they cut the hell out of everything would be an indicator that property prices will not be dropping any time soon.
Springy Turf wrote: » While 500k is at the high end of a first time buyers budget, it's not in "rich" people territory. First time buyers are much older than they used to be. People in their 30s will have had a good few years to save a substantial deposit. It's also pretty much at the bottom end of the South Dublin market. Aside from that, a combined income of 128.5k would be a solidly middle class household. In terms of percentile that is a pretty high household income granted, but its not rich.
Kasey_Don wrote: » Housing crisis started in 2013. Nearly 8 years later and this is the state of the housing market. A new build in Leixlip for ****ing 385k.https://www.daft.ie/kildare/new-homes-for-sale/barnhall-meadows-leixlip-kildare-156467/ It's an absolute disgrace what FG have done to this country and it's young people. Only the rich can avail of the help to buy. I really hate FG. They have ****ed young peoples lives for nearly a decade.
Idbatterim wrote: » I totally agree, dispicable scum! The magic money tree they keep accusing SF of, their is a magic money tree, FG voters, many comfortable, I am alright Jack, inherited houses or got them for a pittance decades ago. I hope the youngish FG voters have copped onto what bull**** and lies Varadkar came out with! FIFTY percent marginal rate of tax, scandalous housing costs for you, free for the wasters that would never vote for him!
PropQueries wrote: » What are all those landlords who used to rent to students in Dublin, Galway, Limerick and Cork going to do with their properties?
Cyrus wrote: » where do you think the marginal rate of tax goes under the terrorists?
MacronvFrugals wrote: » Where can i buy a shirt with that shade of blue Cy? :P
PropQueries wrote: » I'm sure they may have some extra proposals that will be issued piecemeal over the next few months. But for the moment, it looks like we may be back to the fundamentals for the next 12 months:1. What are all those landlords who used to rent to students in Dublin, Galway, Limerick and Cork going to do with their properties?2. What are all those property owners who used to rent on AirBnB in Dublin, Galway, Limerick and Cork going to do with their properties?3. What are all the dedicated student accommodation providers (especially in Dublin) going to do with their properties?4. How is WFH going to impact on the demand/supply dynamics of the property market over the next 12 months i.e. City vs. Rural? That issue is only really getting started.
Cyrus wrote: » let me guess, is the answer they are all going to become social housing?
Cyrus wrote: » i was more of a PDs voter personally, im a floating voter now but i wont ever be floating sinn feinns way
fliball123 wrote: » Well it might not be the worst idea in the world but what some forget is that students will be back maybe not this or next year but they will be back , same goes with tourist.
Cyrus wrote: » i was joking, his/her stock answer for any 'excess' is that the state is going to buy it up and make the whole thing a social housing scheme
Kasey_Don wrote: » Only the rich can avail of the help to buy..
The affordable purchase measures will be constituted as a shared equity scheme and will account for €75 million. The details of this are still being worked out, and will be announced in the coming weeks. However, it is understood that the Department is in dialouge with the pillar banks to put in matching funding, bringing the total to €150 million. This will also need State aid approval.
Kasey_Don wrote: » Housing crisis started in 2013. Nearly 8 years later and this is the state of the housing market. A new build in Leixlip for ****ing 385k.
Smouse156 wrote: » HTB = Help The Brickie! A Brickie won’t get help on a second hand house. Inflating already overpriced property is almost as bad as a shared ownership scheme (putting people into houses they fundamentally can’t afford)
