cnocbui wrote: » Oh, ffs! What is the difference between an investment property for sale and a new builf for sale? They both add to the pool of houses for sale. The question was rehtorical, I'm not actually interested in one of your twisted logic replies.
Cyrus wrote: » the point i'm making is obvious.
Cyrus wrote: » im still waiting for a location that treats houses as basic necessities, as the copenhagen and berlin example didnt hold up. people also need to realise mcwilliams lives in a 7 figure house on the southside so he doesnt speak for most of them either :P
Villa05 wrote: » All other arguments fall flat on their face when you realise that. All the noise on this thread and all around us is just a distraction from that core point. Just fear and greed when in reality we are all suckers
Hubertj wrote: » Definitely a lot of noise in this thread especially from those who think the solutions are so simple
PropQueries wrote: » I think the solution is very simple. 1. Remove all taxation on profits for the building of all three-bed semi detached units that are sold for under €150k. A lower tax on all units that are sold for under €200k etc. That's the carrot. 2. Make it compulsory (backed up with significant fines) to register all vacant properties in the state and they must declare are they for rent, a second home, holiday home, being refurbished etc. so they can be easily checked. (Stick) 3. Slap a vacant property tax of 5% (similar to Washington D.C.) and applied monthly (5% / 12) on all vacant properties in the state until they are permanently occupied. (Stick) 4. Slap a 10% annual tax on all sites with planning permission. Also applied on a monthly basis from the moment they are granted planning permission until they are built upon and sold. (Stick) 5. Apply a similar tax on all land that is zoned residential in high demand areas but they haven't yet applied for planning permission. (Stick)
cnocbui wrote: » Karl Mark has rissen from the dead, unfortunately.
PropQueries wrote: » I think the solution is very simple. 1. Remove all taxation on profits for the building of all three-bed semi detached units that are sold for under €150k. A lower tax on all units that are sold for under €200k etc. That's the carrot. 2. Make it compulsory (backed up with significant fines) to register all vacant properties in the state and they must declare are they for rent, a second home, holiday home, being refurbished etc. so they can be easily checked. (Stick) 3. Slap a vacant property tax of 5% (similar to Washington D.C.) and applied monthly (5% / 12) on all vacant properties in the state until they are permanently occupied. (Stick) 4. Slap a 10% annual tax on all sites with planning permission. Also applied on a monthly basis from the moment they are granted planning permission until they are built upon and sold. (Stick) 5. Apply a similar tax on all land that is zoned residential in high demand areas but they haven't yet applied for planning permission. (Stick) 6. Back up all the above with the possibility of a compulsory purchase order.
PropQueries wrote: » I think the solution is very simple. 1. Remove all taxation on profits for the building of all three-bed semi detached units that are sold for under €150k. A lower tax on all units that are sold for under €200k etc. That's the carrot. ...
schmittel wrote: » I'd agree with most of that but apply it to RPZs. Taxing empties or holiday homes in Longford and Caherdaniel would be counterproductive. I'd also scrap the rent caps in RPZs - let the market fix the rent.
Hubertj wrote: » Ah caherdaniel, I look forward to it in august. 7 days of sunshine last year
Cyrus wrote: » bravo and why did they fall slowly rather than trigger larger falls as you suggested may happen now?
schmittel wrote: » Have you ever heard of the Dunning-Kruger effect?
SmokyMo wrote: » Singapore?
decreds wrote: » Probably due to the fact we weren't in the middle of a pandemic and staring down the barrel of the biggest recession in history.
Cyrus wrote: » so which is it, you arent as smart as i think you are or im not as smart as i think i am, make up your mind
schmittel wrote: » Hard to make up my mind without understanding the point you are trying to make that is so obvious. Out of interest, why did you edit your post from "i dont think i need to spell it out?" to ""the point i'm making is obvious."
Cyrus wrote: » i felt it flowed a little better :pac: let me know when you decide, ill wait with bated breath
Cyrus wrote: » have you seen property prices in singapore? presume you are being faecitious
SmokyMo wrote: » Huh? I don't think you understand what you are talking about then. My suggestion to you would be to look into how the housing market works there.
Singapore home prices rose the most in more than two years in the final quarter of 2020, as speculation mounts that the government may impose measures to cool the market. Property values increased 2.1% in the three months ended Dec 31, Urban Redevelopment Authority figures showed Jan 22. That is unchanged from the preliminary estimate earlier this month and the biggest gain since the second quarter of 2018, when prices climbed 3.4%. A third consecutive quarter of price gains underscores resilience of the Singapore property market during the city’s worst recession. Home sales have also increased, climbing the most in six months in December.
HansKroenke wrote: » I think the Mahklouf warning is not something to worry about in the next two years. We will have explosive economic growth for a few years post-pandemic including inflation which will then need to be tempered. There is so much State and Central Bank interference in the market, I nearly think it is protected from a crash as a result unless they somehow, suddenly pulled out (which is of course not likely). As an individual I'm just paying down as much of my debt (i.e. car loan) as I can and saving to buy while the sun shines, waiting for a time when the gap between buyers and sellers is not so imbalanced as it has been the past year (meaning an 18 month minimum wait time from now, but targeting 24 months as a more realistic timeline targeting as long a fixed term rate as we can).
cnocbui wrote: » Go on, how does it work?https://www.theedgesingapore.com/capital/property/singapore-home-prices-rise-amid-property-curbs-speculation
Cyrus wrote: » explain it to me then, i understand there is some state support mechanics, but im not sure exactly how it works as we have an office over there and a lot of people in their 30s still live with their parents so its not helping them. also according to this its one of the most expensive cities in the world, property prices v income.https://www.numbeo.com/property-investment/rankings.jsp
SmokyMo wrote: » Argument can be made that inflation is already rampant. From housing, financial markets, commodities, services and recently stretching to food as well.
