NickNickleby wrote: » Well, if I was considering selling, I'd probably put my house up now, while the madness exists. The cost of renting thereafter would probably be WELL offset by the current mad prices apparently being achieved. Hopefully the madness subsides by summer. In which case, both your neighbours will benefit from a falling market (having benefitted from a mad market) - and the same will apply to those currently struggling to get a property. I really hope so.
K.Hawksworth wrote: » All 3 companies are known to pay well so they probably won't have too much trouble sourcing accommodation. That's assuming none of the 3,000 live here already, which a lot probably do.
givyjoe wrote: » Would it though? Like how much would a 3 bed house cost to rent? 2-2.5k? If you do that for a year, you're going to be losing a fairly sizeable chunk of your selling premium.
cnocbui wrote: » A commerce spokesman representing US companies based in Ireland has previously complained to the Irish government about the excessive costs and complexities of the Irish legal system calling them a notable disincentive, so I am not sure the legal system is exactly an attraction.
Zenify wrote: » our unemployment rate is also a record I'd say.
Mad_maxx wrote: i know the Limerick city market well , bar circa 2014 at the latest , you could not buy apartments in Limerick city for 70 K anywhere bar the dumps on the Dock road around mount kennet and those are 100 k today.
The_Conductor wrote: Presumably south of the M50- though a lot of them would naturally like to live in the greater Lucan/Leixlip/Maynooth/Kilcock areas.
jill_valentine wrote: » That Intel announcement is quite creative... The 1600 "new" jobs announced are the same 1600 announced in 2019. It's the staff complement of the chip factory they've currently got between 4-6000 people building, so in a sense, the completion of that factory marks the end of several thousand jobs. They announced how many people will staff the factory, started building the factory, and then reannounced they're going to staff the factory they've almost built. It doesn't represent a renewed commitment or anything, it's just following through on their ongoing investment. That's neither here nor there in terms of this thread, because I suppose the relevance is whether it represents MNC confidence in Ireland, but just for clarity's sake.
cnocbui wrote: » Sounds a bit weird - the bit about over the three years to the end of 2021. I thought it was already 2021. So they have been secretly investing 2.5B a year since early 2019? And this didn't create any jobs worth mentioning, but now suddenly 1600 will be created all of a sudden? Also, the details will be available by the end of this year for something that has already happened? Do you suppose they meant 2023?
Ireland uses enormous incentives to attract intangible assets as well as research & development expenditure by the international corporations. Such activities allow global firms to reduce their tax burden nearly to zero. Ireland uses such practices at the expense of other EU member states. The above-mentioned mechanisms encourage international corporations to artificially transfer profits earned in other countries. This process generates around two-thirds of Ireland's CIT revenue, but at the same time it costs other countries – primarily the EU, the United Kingdom and the United States – billions of dollars/euros every year.
Therefore, Ireland has become one of the world's greatest acquirers of phantom foreign investments. Phantom, because its objective is tax optimisation rather than productive use of capital.
First and foremost, the cause of the problem should be dealt with – by putting an end to the practices used by Ireland, typical of a tax haven.
Hubertj wrote: » I believe there were delays due to challenges around planning. Not sure if they have been resolved as yet.
The_Conductor wrote: » Honestly- try to put together a labour case in France and bring it to court- and compare your experience to here. Its chalk and cheese (to say nothing of the open contempt that some magistrates in France hold for US multinational companies). Don't under-estimate the benefit our legal system here- it may be pricey, but by god, its a lot easier to navigate than the systems in many of our competitor EU countries.
the World Bank is also of the view that Ireland is a costly place to litigate, finding it to be the sixth most expensive place in the OECD to enforce a contract.
MacronvFrugals wrote: I see Eastern European academics are having an inquisitive look under the hood of the green isle
awec wrote: » 4-6000 people building? Are you sure about that number?
cnocbui wrote: » It's taken me €5,000, more than two years, and one lawyer unfortunately passed away on the job, to get an executorship and probate sorted. In Autralia the issue would never even have arisen, so cost would have been zero as you don't need lawyers to do a probate. It was the US chamber of commerce who directed the complaint at the Irish government, not me:https://www.independent.ie/irish-news/caveat-emptor-the-soaring-cost-of-legal-services-36222383.html
awec wrote: » Australia uses the same legal system as here (common law).
cnocbui wrote: » You don't need a Lawyer to buy and sell residential property in Australia. The system might be called common, but there is scant in common between the two legal systems, in a practical sense for normal people.
awec wrote: » People don't hire solicitors when buying houses because the legal system is complicated, buying a house doesn't have much to do with the legal system itself.
timmyntc wrote: » Thats the point? Its not complicated and you shouldnt need a solicitor. But in Ireland you do, and it will cost you.
cnocbui wrote: » I gave links a few posts back showing one listed for €70 K last October.
jill_valentine wrote: » Intel described it as "up to 6,000" when it was announced first so I was covering myself a bit at that and all It wouldn't be all at once, but in fairness it is an absolutely bulhugous facility, big enough that they got an exemption to carry through the current lockdown with several thousand construction workers on site. The development is only just smaller than Ellis Island.
Pelezico wrote: » You do not need a lawyer to buy a house in Australia. It is a lot cheaper. I know because I lived there about a century ago.
jill_valentine wrote: » It wouldn't be all at once, but in fairness it is an absolutely bulhugous facility, big enough that they got an exemption to carry through the current lockdown with several thousand construction workers on site. The development is only just smaller than Ellis Island.
Pelezico wrote: » Not sure what point you are making except to disagree. Here is the thing. You try buying a house in Ireland without a solicitor. Guess what..you wont and the bank wont be interested.
L1011 wrote: » The exemption is a general consideration of semiconductor manufacturing as essential that allows the construction work, because there is a global shortage of processors and they are rather important in keeping the world going these days!
awec wrote: » Which one is the exception here, Ireland or Australia?
L1011 wrote: » You still usually (state-dependent) need a "conveyancer" who is a paralegal, though; and the current Government is intending to bring in such a profession/qualification here. The exemption is a general consideration of semiconductor manufacturing as essential that allows the construction work, because there is a global shortage of processors and they are rather important in keeping the world going these days!
