PommieBast wrote: » Why is that car within a tent within the garage.. Price is a bit high but I don't think it is outrageous..
Cyrus wrote: » 850k for this ??https://www.myhome.ie/residential/brochure/12b-wayside-cottages-kilternan-dublin-18/4484282
PropQueries wrote: » Well, according to that RTÉ documentary back in 2017, they purchased c. €200 billion in Irish bank loans between 2012 and 2016. Throw in what they’ve additionally bought between 2016 and 2020 and now throw in Ulster Bank and they will now own us IMO
awec wrote: » I think Ulster Bank are only like 10-15% of the mortgage market. I think they're one of the smallest holdings of all the high-street banks.
PropQueries wrote: » If the so-called vulture funds do buy all the ulster bank loans (makes sense IMO), Ireland will most likely then just be a wholly owned subsidiary of these funds. A country in name only IMO
cnocbui wrote: » Which the article hints is the fault of the Government.
Timing belt wrote: » There is no surprise here. NatWest used 15bn to bail them out in ‘08 and have had a near zero return for the past 10 years.
PropQueries wrote: » Ok. A couple of days of good debate coming here I reckon According to to the Irish Times: “Ulster Bank set to exit Irish market after more than 160 years” “The board of NatWest is set to decide on Thursday evening on a proposal to wind down Ulster Bank in the Republic after more than 160 years in the market, setting the stage for a likely break-up of the lender’s €20.5 billion loan book, according to sources.” Link to Irish Times article here: https://www.irishtimes.com/business/financial-services/ulster-bank-set-to-exit-irish-market-after-more-than-160-years-1.4487912 Edit: Apologies. Another poster got ahead of me on the story
awec wrote: » Yes I suspect that the past year has pushed them into making a decision, but I do think they had been struggling for a long time. It is bad news for mortgage holders / potential new mortage holders as it's even less competition for the big 2 of BOI and AIB.
schmittel wrote: » You're spot on.
PropQueries wrote: » It’s most likely real this time. We’ll know Thursday, but it looks like the Irish Times believes it’s now going ahead.
PropQueries wrote: » It’s most likely real this time. We’ll know Friday, but it looks like the Irish Times believes it’s now going ahead.
awec wrote: » Someone will correct me if I am wrong I am sure, and I may be thinking of another bank or something else entirely, but hasn't this Ulster Bank move been mooted for years now?
thefridge2006 wrote: » It's a complete disgrace. I've voted FF all my life and I'm done with them. They are a shower of cowards who live in a fantasy world. They are unable to adapt away from boom time party developer politics and relate with the great unwashed. Good riddance
Smouse156 wrote: » Should they just dissolve FFG now given they’ll likely be completely wiped out next election for their complete and utter failure yet again on housing?
MacronvFrugals wrote: » March 5 construction deadline could be missed by a monthhttps://www.irishexaminer.com/news/politics/arid-40228661.html
Markitron wrote: » How the **** can they call it newly built when it's 5 years old?
Timing belt wrote: » Have you checked how much of a mortgage you will get as any maintenance payments for kids will dramatically reduce the amount a bank will lend and it will be nowhere near 3.5 times salary. Just jump on one of the banks mortgage calculators to see the impact.
decreds wrote: » Sorry to derail this thread, i need advice and not sure where to start - mods if this requires it's own thread i will do the needful Due to separation i had to sell my property in July 2020, after all deductions i am left with 180k and around 20k in savings. I'm currently living with a family member paying 400e per month in rent but would really like my own place sooner rather than later as i am 35 and have two young children. The properties i desire are in the 400-420k range but i am hesitant to jump in now with 200k deposit as from what i have read up on on investing and market cycles (very limited knowledge) it appears we're at the end of a market cycle and don't want to get burned like people during the GFC. The property needs to be close to South Dublin hence the price range. Should i wait a year or two and see how things materialize or go for it now?
combat14 wrote: » varadker states pay cuts and tax rises on the way albeit delayed for another little while .. reassuring for those buying a house and worth factoring in when getting a mortgage the next while .. last time the pay cuts to public servants and tax rises were brutal & swingeing - who knows what they will be like this time with govt debt absolutely soaring at present There will be no cuts to public sector pay or increase in income tax for “at least for the first couple of years” after the pandemic, Tánaiste Leo Varadkar has said.https://m.independent.ie/news/tanaiste-commits-to-no-post-pandemic-tax-hikes-or-cuts-to-public-sector-pay-40100605.html
PropQueries wrote: Would it be fair to say that the state has now almost fully privatised social housing through the back-door?
MacronvFrugals wrote: » Pretty much homeless services to, they dont even bother tendering anymore.Council Doesn’t Follow Normal Procurement Process to Source Homeless Hostelshttps://dublininquirer.com/2021/02/17/council-doesn-t-follow-normal-procurement-process-to-source-homeless-hostels
PropQueries wrote: » Would it be fair to say that the state has now almost fully privatised social housing through the back-door?
The Dublin Region Homeless Executive (DRHE) is looking to roll out more homeless hostels in the city. “We are interested in talking to landlords and property owners about properties that can be used as family hubs or hostels for single persons,”says a press release issued by the council on 28 January. But Dublin city councillors and a TD are concerned about the way the DRHE is going about it. Not just because it is seeking private landlords rather than charities, but also because it’s not following the procurement process that would usually apply when government bodies spend large amounts of money, skirting rules that are in place to make sure it’s all fair and open.
Villa05 wrote: » I believe the figure for private rents is over 30% I'm not sure what category the homeless/homeless hubs and those living in hotel rooms come under.
"What you might see is some limited movement on construction in March but a full re-opening of construction is now more likely in April," said one minister. Asked about the easing of level 5 restrictions, which has resulted in 700 to 800 fewer houses being built each week, Mr O'Brien said: "Obviously we have a target date there of March 5, a review will happen next week.
