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revenue issues threat to every homeowner in the country.

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Comments

  • #1112
    Bullseye1
    Closed Accounts Posts: 5,730 ✭✭✭Bullseye1


    MadsL wrote: »
    Who is responsible for unemployment in your view?

    Certainly not homeowners. There have been many reasons for people losing their jobs. The majority of them have been in the construction industry which has collapsed completely. It's estimated that it will be 2020 before there is any return to even a normal level of construction.

    Many small SMEs have closed down because of unsustainable upward only rents signed at the heigh of the commercial market boom. Although promised by the current government that upward only rents would be tackled nothing had been done. This is no doubt a result of NAMAs commercial port folio.

    Extremely high rates for commercial properties has also been a factor alon with lack of credit available for SMEs.

    But the main reason for so many jobs being lost is down to our current policy of throwing all our eggs in one basket, exports while forgetting completely about the domestic market.

    As someone who has been self employed my entire working life I don't depend on anyone but myself. I'm not looking for someone to provide me with employment.


  • #1113
    Banjo String
    Closed Accounts Posts: 14,380 ✭✭✭✭Banjo String


    Bruthal wrote: »
    Yea, but I got a 10 year old car. Could you not get a 10 year old house, since you see some comparison here?

    He possibly rented a car (no motor tax applicable that way).


  • #1114
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    SamHall wrote: »
    He possibly rented a car (no motor tax applicable that way).

    Now we see the advantages of renting...

    penny dropping?

    By the way Sam could you answer my earlier questions about Ben Gilroy, the meetings and how they see the LPT as being illegal and unconstitutional?


  • #1115
    Bullseye1
    Closed Accounts Posts: 5,730 ✭✭✭Bullseye1


    But you bought just not in your own country.


  • #1116
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    MadsL wrote: »
    So do you not tax it or not put fuel in it? Being as how you are so opposed to "double" taxes?

    You seem to be complaining more about it than me......
    MadsL wrote: »
    If renters pay it, then we end up with double taxation.


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  • #1117
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Bullseye1 wrote: »
    Certainly not homeowners. There have been many reasons for people losing their jobs. The majority of them have been in the construction industry which has collapsed completely. It's estimated that it will be 2020 before there is any return to even a normal level of construction.

    Many small SMEs have closed down because of unsustainable upward only rents signed at the heigh of the commercial market boom. Although promised by the current government that upward only rents would be tackled nothing had been done. This is no doubt a result of NAMAs commercial port folio.

    Extremely high rates for commercial properties has also been a factor alon with lack of credit available for SMEs.

    But the main reason for so many jobs being lost is down to our current policy of throwing all our eggs in one basket, exports while forgetting completely about the domestic market.

    As someone who has been self employed my entire working life I don't depend on anyone but myself. I'm not looking for someone to provide me with employment.

    I would agree with all of that, but I would also include a measure of blame for the sheer greed at jumping on a property market with the allure of making a profit on your primary residence. How much of that blame they carry is debatable, but you are naive if you think that a great many people didn't buy during the boom with the idea of profiting from their purchase.


  • #1118
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Bullseye1 wrote: »
    But you bought just not in your own country.

    Am I fuelling a boom by paying an overinflated purchase tax?


  • #1119
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    MadsL wrote: »
    Now we see the advantages of renting...

    penny dropping?

    Are you renting now?


  • #1120
    Bullseye1
    Closed Accounts Posts: 5,730 ✭✭✭Bullseye1


    MadsL wrote: »
    I would agree with all of that, but I would also include a measure of blame for the sheer greed at jumping on a property market with the allure of making a profit on your primary residence. How much of that blame they carry is debatable, but you are naive if you think that a great many people didn't buy during the boom with the idea of profiting from their purchase.

    I don't disagree there was a lot of flipping going on. I wasn't one of them yet many like myself are being tarred with the one brush and being blamed for everyone else's problems, like we don't have enough of those of our own.


  • #1121
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    MadsL wrote: »
    Why would I complain about people voluntarily paying too much tax?
    MadsL wrote: »
    Am I fuelling a boom by paying an overinflated purchase tax?

    Slight conflict there.


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  • #1122
    Bullseye1
    Closed Accounts Posts: 5,730 ✭✭✭Bullseye1


    MadsL wrote: »
    Am I fuelling a boom by paying an overinflated purchase tax?

    Only time will tell. In case you hadn't read the US also had a property bubble and actually have had more boom and bust cycles than most other countries. Some states like California are on the verge of collapse.


  • #1123
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    Bullseye1 wrote: »
    MadsL wrote: »
    Am I fuelling a boom by paying an overinflated purchase tax?

    Only time will tell.

    Exactly what I have been getting at. It is all in hindsight, and with its benefit, blame all house buyers, and only renters are blame free. A slight lack of insight fueled by misplaced anger.


  • #1124
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Bruthal wrote: »
    Are you renting now?

    No, the market conditions are not the same. Renting is overpriced here.


  • #1125
    tayto lover
    Registered Users, Registered Users 2, Paid Member Posts: 57,077 ✭✭✭✭tayto lover


    MadsL wrote: »
    So do you not tax it or not put fuel in it? Being as how you are so opposed to "double" taxes?

    "If renters pay it, then we end up with double taxation."

    You seem opposed to double taxes yourself ;)


  • #1126
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Bullseye1 wrote: »
    Only time will tell. In case you hadn't read the US also had a property bubble and actually have had more boom and bust cycles than most other countries. Some states like California are on the verge of collapse.

    Operative word. Had. I only bought 12 months ago. As a utility, not an investment. I also paid no irrecoverable purchase tax.


  • #1127
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    tayto lover wrote: »
    "If renters pay it, then we end up with double taxation."

    You seem opposed to double taxes yourself ;)

    Was thinking the same myself


  • #1128
    Bullseye1
    Closed Accounts Posts: 5,730 ✭✭✭Bullseye1


    Had does not mean a future bubble cannot happen. The irrecoverable purchase tax should be covered with inflation over the lifetime of the mortgage.


  • #1129
    ezra_pound
    Registered Users, Registered Users 2 Posts: 2,497 ✭✭✭ezra_pound


    SamHall wrote: »

    I paid 6% stamp duty when we bought this house.

    What's hard to believe about that may I ask?

    Do the sums...........


    That would be 6.6 years of lpt assuming that your property has depreciated by 50%. 50 years of Lpt my h#le!

    Find a better reason to break the law.


  • #1130
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    tayto lover wrote: »
    "If renters pay it, then we end up with double taxation."

    You seem opposed to double taxes yourself ;)

    True double taxation as I explained above.

    Paying two taxes on a item is NOT double taxation.


    Paying the import duty and then the next buyer having to pay the import duty would be an example of a double tax.

    http://www.businessdictionary.com/definition/double-taxation.html


  • #1131
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    MadsL wrote: »
    Operative word. Had. I only bought 12 months ago. As a utility, not an investment. I also paid no irrecoverable purchase tax.

    So, home buyers are not to blame then? The blamee`s are getting smaller in number if so.


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  • #1132
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    ezra_pound wrote: »

    Find a better reason to break the law.
    I found a great reason today, I over took a tractor on a continuous white. I bet you`d never commit such an outrage.


  • #1133
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Bruthal wrote: »
    Slight conflict there.

    Wut? That makes no sense. I refused to pay a purchase tax in an overinflated market, then paid no purchase tax in a (probably) bottomed out market. How is there a conflict?


  • #1134
    tayto lover
    Registered Users, Registered Users 2, Paid Member Posts: 57,077 ✭✭✭✭tayto lover


    MadsL wrote: »
    I would agree with all of that, but I would also include a measure of blame for the sheer greed at jumping on a property market with the allure of making a profit on your primary residence. How much of that blame they carry is debatable, but you are naive if you think that a great many people didn't buy during the boom with the idea of profiting from their purchase.

    Many of us bought in order to have our own homes and to raise our families in that security. Many of us bought within our means and not as an investment i.e. to live in it for our day and to have something to leave to our children.

    I have no problem with people with multiple properties being taxed as their other properties are a business but for me a family home is sacred.


  • #1135
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Bruthal wrote: »
    So, home buyers are not to blame then? The blamee`s are getting smaller in number if so.

    Your posts are making less sense. Two different economys


  • #1136
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    MadsL wrote: »
    Wut? That makes no sense. I refused to pay a purchase tax in an overinflated market, then paid no purchase tax in a (probably) bottomed out market. How is there a conflict?

    Read both quotes again.


  • #1137
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    MadsL wrote: »
    Your posts are making less sense. Two different economys

    Ok, I will simplify as much as I can. Is a person here who bought a home for their family, to blame for your woes?


  • #1138
    ezra_pound
    Registered Users, Registered Users 2 Posts: 2,497 ✭✭✭ezra_pound


    tayto lover wrote: »

    Many of us bought in order to have our own homes and to raise our families in that security. Many of us bought within our means and not as an investment i.e. to live in it for our day and to have something to leave to our children.

    I have no problem with people with multiple properties being taxed as their other properties are a business but for me a family home is sacred.

    Sacred maybe but taxed it should be also.


  • #1139
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Bullseye1 wrote: »
    I don't disagree there was a lot of flipping going on. I wasn't one of them yet many like myself are being tarred with the one brush and being blamed for everyone else's problems, like we don't have enough of those of our own.

    So we have isolated the tax down to homeowners, tell me how to isolate that tax further. You now seem to be saying that some homeowners were to blame, just not you.

    What basis would you use to raise this tax?


  • #1140
    tayto lover
    Registered Users, Registered Users 2, Paid Member Posts: 57,077 ✭✭✭✭tayto lover


    ezra_pound wrote: »
    Sacred maybe but taxed it should be also.

    Why exactly?


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  • #1141
    Bruthal
    Closed Accounts Posts: 13,370 ✭✭✭✭Bruthal


    ezra_pound wrote: »
    Sacred maybe but taxed it should be also.

    For what reason? Some of the ideas have been entertaining.


This discussion has been closed.
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