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I have a mortgage like everyone else in the country

snubbleste

I constantly hear this line being trotted out in the media, usually along with some borderline sob story.
It is not simply not true.
There are 792,096 private residential mortgage accounts for principal dwellings in the country of which ~15% are in arrears.
There are plenty of homes that are mortgage free and approximately 475,000 households rent.

So shut up about everyone having a mortgage and start talking about bailouts for the poor renters.

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my my my

i have a tractor morgage too, ****in ripoff

smash

Dwork wrote: »

I've no mortgage. Just saying like. I bought it old-fashioned style. With money. There were some odd looks. Apparently it's not the done thing.

You win the lotto then?

Dwork

smash wrote: »

You win the lotto then?

I did. €4 on a scratchcard in 2007. I was feckin ecstatic. I also once got 2 numbers in the Euromillions. My best ever.

Paddy Cow

Terry1985 wrote: »

if you're employed you get €1000 rent relief off your tax bill.
if you are unemployed there's rent allowance.

i believe rent allowance is at least €500 a month depending on county?

Rent allowance is incredibly difficult to get and they are making it harder. It's not as simple as filling out a form and hey, presto €500 goes towards your rent. First you have to get on the Housing list and then contact your CWO. The limits are very low. For example, the cut off for a single person in shared accommodation in Galway is roughly €53 per week. The average rent is about €75 per week.

The Big Red Button

pwurple wrote: »

Tax credits for renters are gone gone gone.

I still claim mine!

They're being phased out over seven years, but still worth a bit.

People who have been renting since before Dec 2010 can still claim them, up to four years back. Would work out at quite a bit for anyone who's eligible but hasn't been claiming to date!

marketty

Terry1985 wrote: »

if you're employed you get €1000 rent relief off your tax bill.
if you are unemployed there's rent allowance.

i believe rent allowance is at least €500 a month depending on county?

Wrong on both counts

Teyla Emmagan

smash wrote: »

Have a look at how much you've paid off the capital compared to how much you've actually paid in repayments and then still tell me it's subsidised.

I've paid off 125k in 11 years. 16 years and I'm mortgage free!

To clarify though that's mostly because I was given a lump sum, not because I'm any good at saving money. The low interest rate is still an utter blessing though in terms of making the monthly payment affordable. Long may it last please God.

mathie

El Guapo! wrote: »

I don't know what a tracker mortgage is.

A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.

Kidchameleon

Renters have the best bail out of all...

The ability to buy a house for a fraction of the cost the rest of us did. Oh what I wouldn't do to be eligible for that.

Balmed Out

Kidchameleon wrote: »

Renters have the best bail out of all...

The ability to buy a house for a fraction of the cost the rest of us did. Oh what I wouldn't do to be eligible for that.

Except that when you ignore the sticker price and factor in interest rates (and where they are expected to go) to compare the actual cost of buying a house then in many cases those who bought at the height of the boom on a tracker may well end up being better off then said renters and thats not even including the cost of the rent.

mitosis

I found a house I liked in 2002, but opted to rent rather than buy. The rent I have paid would have bought the house, but hey, I can still buy it now for the same price I could have paid 11 years ago. Still, I console myself with the knowledge I can move away with 28 days notice, free of the shackles of owning anything and free to start over again.

[Deleted User]

Please stop the whinging about others. NOONE really knows their neighbours circumstances. Those that are in negative equity, unemployed, struggling in low paid employment, please believe that things WILL get better. Hang in there and look to the future, rather than wondering what everyone else has or has not.

fishy fishy

Terry1985 wrote: »

Renters have bailouts, social welfare rent allowance,tax credits, affordable housing schemes, council housing.

Maybe you can educate yourself on the options?

seriously? do you really think that?

you need to educate yourself on renters - also ask yourself why there are loads of council houses lying empty - ask your council, ask them about the affordable housing they have and what they "offer". Your answer is very simple (above) but completely ignorant to reality