Irish Property Market chat II - *read mod note post #1 before posting*

Yes, sorry a little of topic.

I agree Corporation tax is the real golden goose, but we only have the Corporation tax if we have the jobs here in the first place.

I'd be wary of an exodus of tech or finance employees leaving for London, Lisbon etc because they are suddenly hammered by the tax man. The longer term impact would then be less investment in Dublin, because nobody wants to live there, because they get taxed too much.

The companies then move their hubs outside of ireland because they cant attract the talent and the Corpo tax goes with them.

We have to keep the employees happy-ish, in order to retain the jobs and the tax revenues.

Parellel but still linked. They would still likely retain some physical presence, in order to continue to book profits here.

Exactly. You were one of those folks that left because it just didnt make financial sense to stay, as the amount you received after tax and rent probably seemed way out of kilter with what you would get in the UK.

SF are proposing to increase that tax burden for higher earners even further. Those earners are generally more mobile and can up sticks, just as you did.

I am still of the opinion that SF wont make it into govt anyway, as FFG will close ranks on them again.

That said, time will tell and I guess a SF/FF coalition isn't out of the question.

Very understandable.

Hopefully things will improve & our housing output can rise to meet demand.

Funny you mentioned Portugal. With my job i was closely involved in work for a large insurance company in Ireland and I still go out for pints with the staff of that company. That company merged/took over/were taken over by (its complicated) a similar company in Portugal. Made all the staff here redundant because the cost of the ones working for the Portuguese company was far less than the cost of the guys working in Ireland.

A couple of the guys who got made redundant in Dublin ended up working for a multi national in Ireland. When their new company found out they knew all the staff in Porutgal and what they were getting paid by now, they were set to the task of poaching all the people in old companys Portugal office, since they had identified a bunch of employees who were on a relatively low wage with skills needed in ireland. Last I heard they had convinced 50% of them to come to Ireland and are fairly confident that more will take up the offer. Rented apartments for them too in Ireland. And even new employees in Portugal are being told by current staff there who havent taken up offers to contact the guys in Ireland if they fancy a higher paying job, accommodation and sh1t weather.

These guys who got made redundant after that takeover all thought that it was the end of the world. In the end they got higher paying jobs, got redundancy pay, and got bonuses for finding a load of new staff for their new company.

Its funny how it all works out. The labour market is more complicated than I thought.

I'm not sure Portugal is that cheap for hiring anymore. Lisbon has gotten expensive, not Dublin expensive obviously. And I'm pretty sure employers have to pay pretty high tax / insurance for each employee.

But that is simply a false statement as 54% of the market isn't getting assistance. It is 54% of the households renting are on some form of state assistance. They are very different statements and that means one person on unemployment assistance/benefit in a household of 5 would would be in the 54%. The state is not paying 54% of the rent in the country which was implied if not the outright claim which is false

Over 20,000 eviction notices issued in the last 5 quarters.

Out of control!

It is per household no matter what you want to call it. If it is only 10% of the 54% it certainly isn't the state paying the majority of rent is paid by the state which is the original claim. Making the claim that the state pays the majority of the rent in Ireland is just simply not true. You want to be misleading and make it out the situation is a lot worse than it actually is. It also includes people who pay very low rent to local councils.

I'll let u point out where I made such a claim

The problem I see is that non payment of rent means you can send an eviction notice. My ex landlord said his solicitor told him that he is looking down a 3 year road to get the tenants who are left in the house out now and they cottoned on to the fact they didnt have to pay rent some time ago.

The lesson to be learned here is at least in part that the govt should stop meddling...

Maybe they'll eventually learn and go **** up some other market.

It's referring to this:

However, we're meant to pretend that we don't have a ruling class today because reasons.

It's apples and oranges. The first secession of the Plebeians happened when Rome was largely just a small city state with a population of a few thousand surrounded by hostile groups. If the commoners did not fight to protect the city, another ruling class from another city would kill the ruling class of Rome and take their land.

The idea that "the people" will rise up is a pipe-dream, and even more so in modern times as what exactly "the people" is is ambiguous. Also, most of the great uprisings in history such as the French Revolution or the Russian Revolution were not bottom up. Even our own success against the British in the 20th century was largely the result of a small number of men.

But hey, you never know what will happen in clown world!