Cyrus wrote: » ill ask you again, what specific crime was committed, what would you expect them to be charged with. Im not saying it doesnt stink but this nonsense in comparing it to grandmothers going to jail for not paying a tv licence is just silly.
Cyrus wrote: » have to say, even though i like the aesthetic outside and the size is what you would want for that money, the interior (i mean the things that would be expensive to change) does nothing for me, stairs arent to my taste, nor is the sky light or that massive light installation.
PropQueries wrote: » Given how many homes the councils are buying, leasing, renting or subsidising through HAP, there must be some formula they’re using here. Are they just allowing developers to just put them up on MyHome.ie or Daft.ie at whatever price, calling this the “market price” and then printing this out to justify whatever insane purchase or lease price they “agree” for some future “audit” purposes? Nothing seems right about what’s going on IMO
Deleted User wrote: » Indeed, nice for them as well. Not great for the old taxpayer but meh what can we do...
RichardAnd wrote: » I'm sure there's a formula, but that doesn't mean that it's a good one. I would say that the price is whatever market value would apply plus extra to compensate the builder for the loss of the rental income over the next X number of years.
DataDude wrote: » At what point would you become indifferent to additional m2 on a house (ignoring resale value)? I think for me, in a two storey house, 275m2 is plenty. I think I’d actually be averse to >350m2 due to costs of heating and hassle keeping clean etc.
[Deleted User] wrote: » nor the young couple who are breaking their backs to get a mortgage on the apartment nextdoor
Cyrus wrote: » this:https://www.myhome.ie/residential/brochure/sheemore-1-cunningham-road-dalkey-county-dublin/4495891, if it goes near its asking price, puts the crazy ask for this (https://www.myhome.ie/residential/brochure/26-knocknacree-park-dalkey-co-dublin-a96-k8r9/4490615) in context. Total renovation needed but one of the best locations in dalkey outside the super prime roads and a fine big plot.
Marcusm wrote: » The one which should be considered is section 6 Crimimal Justice (Theft and Other Fraud Offences) Act 2001, ie causing a loss by deception. There are a number of factors required to ground the offence including dishonesty. No one really knows but the capacity (MiFID firm) and the basis (best result for the client) obligations don’t seem to have been met. The assertion in the civil claim that the owner tried to cancel the sale to avail of a better offer from another broker but was told he could not do so would all be factored that a criminal court would have to bear in mind. Given the prior reporting of the civil case, the poverty of management response etc, it is hard to see how it was not reported to Gardai for ass-covering purposes if nothing else.
fliball123 wrote: » Totally agree having said that any government doing this will lose political ground as its the optics of throwing people out of their family home is something that the lefties have blown up out of all proportion in this country. Sinn Fein will be standing on the sidelines waiting and calling shame shame on the government for throwing family out. Ergo Turkeys dont vote for xmas and no government will do this.
[Deleted User] wrote: » Will do no problem Couple TV shows about why mortgage rates are sky high in Ireland and people will break the windows of those who does not want pay mortgtage Some explanation why banks leaving country Dont forget who buy sandwiches for journalists and what is lobby groups The next step will be bringing minimum wage to living wage level and there will be thousands on street shouting Make Leo a Taoiseach ! People has very short memory they does not even remember 2 days old events And if Sinn Fein will open them mouth the answer will short We brought minimum wage to livin wage level when you was seating and doing nothing Simple well known technologies People said there never will be property tax in this country.Everybody pay it now no problem.
Timing belt wrote: » Just maybe mortgage rates are so high compared to the rest of Europe because of the no of tracker mortgages we have...anyone taking out a new mortgage is subsiding these but it’s rarely talked about.....At the end of the day rates are so high due to greed whether it is the margins being charged or whether it is greed from the past..:. Yes not being able to reposes property has in impact but it’s not the only cause
[Deleted User] wrote: » Because those who does not pay mortgages can not be thrown trough the door and house can not be sold to those who will pay ! That is the main reasons why those who pay mortgages has to pay for those who does not and that why banks are leaving ! That is the some of the main reasons why prices are high and people are homeless ! How will be rising price of the house when mortgage rate will be 2 or 0.5 per cent ? And market will be full of reposesed property ? Who will take mortgage if he will know that he will lose job in month or two and will be thrown from house ? When now people hurry buy property because they know they will not thrown out ! What bringing property prices up ! Believe me I will vote for anybody who will bring my mortgage cost down ! I will not care about who loosing them home because cant or does not want to pay ! If you can not pay mortgage go to social housing ! And give your house to those who can pay that is the first ! The next every house has to have 1 house owner and property has to be registered to government register centre as car with log book ! Simply sign buy-sell contract in solicitor office get the log book of the house and move to the property within 3 days ! Same as in many countries ! Not in 1 year time as is in Ireland at the moment ! Paying lower mortgage rate house owners can spend more for other things what will move economy forward.Holidays,cars,furniture,kids education. People who understand that will vote with smile on face for any politician who will throw people from houses if they cant pay for it !
Timing belt wrote: » It’s not the only reason for high rates...you could even blame the ECB for the high rates as the QE and negative rates impact the banks ability to generate capital so they charge higher margins....It’s a more complex than just repossession....yes repossession has a big impact but so do the other factors.
schmittel wrote: » Surely that's the same for all Eurozone banks. Why would it cause our banks to charge higher margins than their European counterparts?
Cyrus wrote: » puts the crazy ask for this
Hubertj wrote: » Is it to do with the additional capital requirements for Irish banks?
PropQueries wrote: » But do the banks really want easier repossessions? They’ve sold off so many of their non-performing loans at this stage that if repossessions were made easier, the funds who bought them would flood the market with repossessed properties and collapse the property market and that would impact the banks even more so than easier repossessions. I think the banks are going to milk whatever non-performing mortgages they have left on their books for all their worth to keep justifying ever higher charges, rates etc. when in reality it will be lack of competition and price gouging IMO
Deleted User wrote: » Why you need additional capital requirements if everybody pay mortgages and you are overloaded with growing people savings ?
Hubertj wrote: » Prior to COVID NPLs had fallen significantly and were heading towards the EU average so there was probs Bly a case then to look at easing the capital requirements. We would then have seen if interest rates were reduced. Less incentive now with what looks like less competition unless some of the digital banks decide to take a punt. Also have to assume NPLs will increase but you would hope the banks will address them in a more timely manner this time.
schmittel wrote: » With regards to capital requirements I think it is the average recovery level from NPLs that is important, not the number of NPLs. Ours is less than 10% whereas the Eu average is about 50% IIRC. That’s the number we need to get in line with the average if we want to argue about easing the capital requirements.
yagan wrote: » Aren't Credit Unions starting to issue mortgages?
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