cnocbui wrote: » I've done gold and it did nothing for me. Bitcoin I'm over 3,000 % better off so, I'm afraid I'm a bit biased there. Most of the money in existence and that you will ever earn is a bunch of intangible ones and zeros on a banks disc array that you will never see or use in tangible form. I remember when I used to get paid in cash at the end of a fortnight. Then it became intangible; doubly so in these days where you just tap a plastic card on the terminal.
mcsean2163 wrote: » https://www.myhome.ie/residential/brochure/76-silchester-park-glenageary-co-dublin/4494386 An extra €90k because it's 2021 not 2019 and the abomination number 144 overlooking back garden. I must be going mad because I'm considering it. Cul de sac, close to a green area and potential to add an extra room.
Reins wrote: » If Ad is refreshed original date is gone
PropQueries wrote: » Would that include the vast majority of farmers? Though it would be interesting to see how quickly and by how much property prices would fall if HAP, long-term lease agreements, state purchases of new build homes, second hand homes etc. was stopped in the morning
Deleted User wrote: » I think we entering to world of poverty At the moment invest to apartment for rent is one of the best investments The new young generation will never have money for own house and will have pay rent Do you remember streets of apartments for rent 100 years ago ? This will back Buy house at the moment is not great idea because prices has nothing to do with situation in real economy But time for sell is one of the best anybody had if you will not sell it now you will not get better price after If you did not understand I will remind that today prices has nothing to do in situation in real economy were 25 per cent are unemployed already. From last news on RTE The government urged to reconsider lifting ban on eviction Once this will happen there will be plenty houses for sale because not enough get tenant out the landlord will need get tenant in first ! But because many tenants are unemployed and cant pay rent the rent prices will down and many property investors will have problem with mortgages which they took by Buy to Let overpaying for property at the time when price of the property had nothing to do with the real economy The Reit for example will continue buy streets of apartments boxes for renting to poor when single investors will have problems with renting houses for higher price Supply ( the engine ) and demand ( the fuel ) are nothing without money ( the oil for fuel ). Forget about 4000 in savings of somebody who saved them because did not spent them in pub or did not go to Spain for holiday .The 4K will not enough move property market forward.There is no houses at 4K price in this country Forget about inflation the central banks rates show that people has no money and property markets can not move forward .All they do they pumping liquidity into stock market.People can not take loan even at 3 per cent because has no job !
Deleted User wrote: » When government will have chose pensions or HAP I am sure they will chose stop paying HAP for the start Unfortunately this coming.The budget cutting is on its way . The thing you are telling about not a fantasy this gonna be reality.
fliball123 wrote: » If it didnt happen after the last crash it wont happen now we are adding about 1/10th of the debt we had already and with the restructuring of the existing debt we will be paying as much interest as we were anyway. One thing they have learned is that austerity just puts the economy in the toilet so they will not be going this way again. It was one of the main reasons it took 4/5/6 years for Ireland to bounce back after 2007/2008 crash
PropQueries wrote: » Well, pre-covid, the Minister for Finance was already stating that we could lose €2 billion per year from the OECD tax reforms. And, that was before Biden's plans came out. Where do we find that additional c. €2 billion per year? I would also presume the health care budget will increase by 10% (i.e. another c. €2 billion per year) going forward to pay for the backlog of operations/appointments built up during covid. So, even if things go back to 2019 fairly quickly, we will still need to find c. €4 billion per annum going forward IMO. That's €20 billion over the next 5 years or the equivalent of 100,000 new built social homes at a build cost of €200k each over the next 5 years. That's an incredible amount of cash that needs to be found which means all taxes from inheritance to property to income must increase as there's nothing left to really cut that would make any significant difference to the arithmetic IMO
RichardAnd wrote: » Austerity caused many problems, but could it not also be the case that state stimulus could cause a different set of problems? Given that any state spending will likely be fueled by quantitative easing (funny money), inflation could well be a problem. To me, it wold be best if the state had no power to influence the economy one way or the other. The separation of church and state was a great idea. One can only dream that eventually the state and finance will be kept apart withal.
amacca wrote: » What a lovely house With a horrendous eyesore of an interior My eyes my eyes they bleed Lol at the mirror on the ceiling in the other one!
awec wrote: » Probably. But austerity is a dead horse politically for the EU.
PropQueries wrote: » Depends on how you define austerity. Will the EU/ECB keep funding our deficits to pay what are among the highest public sector salaries and pensions in the EU? Because that's what primarily makes up our budget. I doubt it IMO Our version of "austerity" and the eastern EU members version of austerity are two completely different things IMO
awec wrote: » What percentage of our annual budget is public sector pay and salaries?
timmyntc wrote: » Pensions was the key word there you chose to ignore. We spent 8bn on public pensions last year alone - thats 1/10th of total expenditure by the state.https://whereyourmoneygoes.gov.ie/en/
awec wrote: » I actually meant to say pension instead of salaries.
liam7831 wrote: » I didn't know you had bitcoin ...
PropQueries wrote: » In a follow up to what a previous poster said about the vacant Limerick homes yesterday, the Irish Examiner has given their view that “It will open the door for the kind of change most of those who support Ireland’s conservative parties dread.”. Fairly strong on the FG housing record as well. Link to the Irish Examiner View article here: https://www.irishexaminer.com/opinion/ourview/arid-40264745.html
This department has become highly intrusive and controlling. In addition, it has moved planning applications for housing schemes over 100 units for An Bord Pleanála to decide upon. The Local Government Reform Act 2014 was supposedly a mechanism to transfer powers back to local government. What we have seen since 2014 is a gradual and systematic withdrawal of key powers from local authorities – and their centralisation, instead. The attitude of government towards local democracy and local government has been nothing short of shameful. And there just has not been any evidence that these centralised policies work, particularly on housing.
PropQueries wrote: In a follow up to what a previous poster said about the vacant Limerick homes yesterday, the Irish Examiner has given their view that “It will open the door for the kind of change most of those who support Ireland’s conservative parties dread.â€.
Villa05 wrote: » The last sentence in that article sums it up very well
fliball123 wrote: » Well all I will say is they have learned from Austerity it did not have the desired affect, they thought by cutting and upping taxes they would see more money in their pockets. The cuts to the PS did not work due to the increments system so while they might of taken money away year on year money was flowing back into the PS anyway. Then the upping of taxes did not garner much more as people stopped working OT as it was not worth it and people stayed on the dole as with the welfare rates a person was only marginally financially better getting out of the bed. Throw in a lot of people just legged it when they seen there take home pay getting smaller so they got more taxes from a smaller pool of workers and overall income tax did not bring in more. The law of diminishing returns kicked them squarely in the pants. I think the 40billion added last year and this year will (or may have already) started a property bubble. That is one problem I see that may have developed. The problem with bubbles is they can really only be seen in hindsight. Inflation has always been a problem and I cant see wage going up so it will cause problems if it goes up in any meaningful way. Fortunately the likes of the ECB are big enough to be able to dictate this and they know that if they do ramp up rates then a lot of countries are going to be blown out of the water. I dont think they will do that already they have lost the UK and others could follow if its no longer attractive to stay in the EU.
PropQueries wrote: » If debt doesn’t matter, why don’t the eastern EU members of the EU borrow right up to our debt per capita level and invest in infrastructure etc. and make themselves the most advanced countries on the planet in the 21st century? They obviously have the leeway given their current debt levels compared to ours. My thinking is that they don’t buy into the current narrative that this permanent deficit spending can last much longer IMO.
fliball123 wrote: » The deficit spending has only been re-introduced with Covid we had a budget surplus in 2019 can any of the Eastern Euro countries claim they didnt have to borrow for Covid. The likes of the UK borrowed 400billion alone for covid. You also have to take our GDP into accounthttps://www.weforum.org/agenda/2020/11/covid-19-has-countries-borrowing-money-just-about-as-quickly-as-they-can-print-it/ We dont look to bad in comparison to others throughout the world with regards to what we borrowed for corona or spending as much throughout the pandemic.https://www.bbc.com/news/business-52450958 Honestly do you think other countries were immune to Covid it was borrowing for a fecking pandemic not for infrastructure or anything else quite possibly this is a once in a life time event that has happened. Your thinking is very very narrow and with a hidden agenda behind it. Debt does not matter it gets rolled over and paid back over time. If it did mater we would not of been able to borrow 40 Billion to pay for Covid at a very low interest rate and that despite having a debt of 200Billion already. So that in itself is proof enough that the debt didnt matter...So I would take evidence of what we just borrowed over your opinion. As for what other Euro countries borrow for or dont borrow for that is there decision and has absolutely no bearing on what Ireland owes, borrows or uses the money for.
PropQueries wrote: » I wonder how much our “GDP” will fall by if it’s no longer tax advantageous for the multinationals to hold their IP, intangibles etc. in Ireland?
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