woejus wrote: » I've had experience of seeing properties up for sale, make an offer, house never sells, no PPR. In one case EA told me it was part of an interfamily dispute, they got listing fees, we had our time wasted. In this kind of market you could tell someone you need the cash to feed your crack habit and you'd still have offers out the door!
6541 wrote: » Okay so - Can you summarize what is actually going on and then what you predict will happen. Thanks.
Pussyhands wrote: » What's happening if you see a property go up on Daft but it's gone within a week but then weeks and weeks later there's still nothing on the PPR. I saw a lovely spot I'm sure it was pre Christmas and it was taken down within a week. I don't see it anywhere on PPR.
The_Conductor wrote: It depends entirely on which small town you have in mind- some of our regional towns are worse traffic wise than much of Dublin- and if you want the city with the most expensive average price of housing in Ireland- its Galway, not Dublin.
combat14 wrote: » house prices absolutely soaring now again in the double digits - gosh the country must be experiencing some kind of economic boom with no economic shutdown and mass borrowing of governnent debt for people to be paying these prices for such poor quality homeshttps://www.thejournal.ie/daft-report-3-5395912-Mar2021/
PropQueries wrote: » If we assume that a significant percentage (if the the state is excluded) of the demand for buying homes if from the relatively higher paid multinational and public sector employees. If we also assume that the relatively high wages in the public sector are paid from the taxes levied on the profits of the multinational sector in Ireland, I think Biden's new proposed tax plan, as reported on CNBC today, will be of interest as it potentially impacts on both the above groups going forward. According to CNBC: "The White House plans to fund the spending by raising the corporate tax rate to 28%. The administration also aims to boost the global minimum tax for multinational corporations and ensure they pay at least 21%. The White House also aims to discourage firms from listing tax havens as their address and writing off expenses related to offshoring, among other reforms." Link to article on CNBC here: https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html
fliball123 wrote: » All the guff about what the US do and how it will impact our MNCs located here has been going on for the last 3/4 presidents and guess what it has had ZERO impact. So in your words its safe to assume the U.S will talk a good game again and get nothing done.
PropQueries wrote: » Well, given that his spending plans are reliant on these new taxes and more importantly, on his ability to actually collect these new taxes, I would assume "the times, they are a-changin'".
Cyrus wrote: » why are you assuming they are poor quality homes?
JimmyVik wrote: » Have you ever read announcements about tax reforms that will hurt Ireland after any of the last 5 or 6 elections. Its like a tradition at this stage.
coolbeans wrote: » Some people just can't see anything attractive in Ireland and can't get their heads around the fact that we are a relatively decent country to live in. You'd think you were reading the Daily Express comments section here such is the determination to make us out to be a complete basket case of a nation.
JimmyVik wrote: » We love to moan in Ireland. If its not about what we are not getting, its about what someone else is getting.
timmyntc wrote: » Ah yes and all those who warned us in 05 and 06 of what was coming down the road were just a load of moaners? All those who said house prices were in a bubble were moaners All those who said house prices would climb even more if we shut construction during pandemic were moaners All those who said house prices would climb even more if we allow the shared-equity scheme to go ahead were moaners
awec wrote: A few years ago the US cutting corpo tax rates was a disaster for Ireland, we were all told that there was no way the MNC jobs could possibly stay with the new low US rates. Now, the US talking of raising them again is a disaster for Ireland.
Villa05 wrote: » Gov themselves have stated that current revenues from corpo tax are not sustainable into the future. would it not be prudent to ringfence tax from this source to use on much needed one off capital expenditure programs such as Housing Broadband Renewable energy sources etc These areas of spending suffered most in the last bust Instead we are entering long term leases amongst other recurring spending putting significant pressure on taxpayers and leaving us exposed and vulnerable in the next downturn We have been here before, repeating the same mistakes over and over again and wait for it Nobody saw it coming!
JimmyVik wrote: There should be a council tax in Ireland. Paid by everyone living in the area benefiting from said tax, whether they rent or own the house they are living in.
PropQueries wrote: » You’re mistaken peoples concerns. The state has been spending the taxes levied on multinationals like they’re a permanent source of long term tax revenue. If there are changes in the global tax regime that reduces these significantly in the future, all those pay increases to the public sector will have to be reversed and then some. If a public sector employee buys a home based on his current salary, that person could be in serious financial trouble in the near future. If at the extreme end, multinationals actually start leaving the state, their employees are also in serious financial difficulty. If they got a mortgage, that means are banks are bust again and this time permanently IMO. That means no small business can get loans, people can’t get loans to buy cars, homes, pay for home improvements etc. etc. Think Greece 2010 but worse IMO
coolbeans wrote: » Totally different situation. People were building houses with absolutely no regard to location or demand. It was exacerbated by the FF government linking a huge amount of tax revenue to property transactions. All of that was crazy, the definition of a bubble and we got the very predictable crash we deserved. This time, credit is restricted, building is restricted, population is increasing. That means no bubble.
fliball123 wrote: While I agree to a point I think we could potentially be heading into bubble territory. While every tom dick and harry has restricted access to credit, the state has access to unlimited cheap credid and they have been a big player in buying property and also using renting property from the REITS and Vultures and keeping their balance sheet going. So the 20 Billion borrowed last year and the projected 20 billion this year will in some way filter into the buying of these houses and could be blowing up prices as the state, REITs and vultures compete with Tom dick and harry to buy from a very small pool of property. So that is where the access to cheap credit may be blowing it up. There is a big difference between supply and demand so the price going up could be as a result of this as well or combo of both. We will only know in hindsight.
timmyntc wrote: » We should be paying back our govt debt. More crises will come down the line - we cant go for the conservative pay back as little as possible approach and kick the can down the road. Covid is just one such thing, I dont doubt that between now and 2035 there'll be another financial shock. We cant just keep borrowing forever.
Villa05 wrote: » This time next year I will have you converted and house prices will be 20% higher Welcome to the club
