It may well be the case that 74% of people expect house prices to rise in the next year but is this kind of advertising a good idea? Surely it’s just bubble pumping, no?
What’s that shoe shine boy? I should be investing? Very well then.
SELL SELL SELL
D
You do know how to get out of an elevator don’t you?
Anomanomanom
I’ve been told by three different people, two are estate agents and one works in a bank(lending department) that they expect prices to drop. Not a property crash but a significant enough drop in price. The estate agent advised my brother, just after he sold his property, to sit on his money till after Christmas.
ollie
He’d be a fool to lodge money in a bank.
There are 10 2 bed apartments available for rent in Dublin 7 and 9 in Dublin 9.
There’s no way property prices will fall significantly in the next 5 years.
Your brother is now paying rent whild his money earns him 0.000000001%, not a good idea.
Ollie Cromwell
I always find estate agents a reliable indicator of the future of the property market …
andy
A soft landing post brexit on the lines of the one Bertie predicted in 2008
anne
It is cheaper to buy than rent because of gouging landlords.
Joe Small
I’m not a landlord but lazy generalisations such as “gouging” landlords don’t help explain anything. If you’re letting a property and you don’t seek the maximum allowed by the market then you’re a bit of a sap. Often the standard of property let isn’t great but if this was improved rents would probably rise even higher.
Boj
“lazy generalisations” against “gouging landlords” followed by “If you’re letting a property and you don’t seek the maximum allowed by the market then you’re a bit of a sap”
Top class!
Joe Small
Its the same if you’re selling a car that’s worth €10,000 and you sell it for €7,000. That doesn’t make much sense. Its the capitalist system we live in. I’m not being callous, just factual. If we focus our wrath on landlords then we waste time not finding proper solutions to the housing crisis.
ollie
Anne, supply and demand. Gouging landlords lazy comment
What about gouging Government, taking 52% tax on rent and not allowing legitimate business expenses to be offset? Also, treating taxation differently depending on who a landlord rents to?
What about HAP tenants paying €65 a month in rent on a property renting for 1,450 on the open market? You are paying this rent as well as your own Anne, how does that feel?
anne
Increase supply.. build social housing. Landlords are a scourge on society. My taxes are enriching the gougers.
Housing is a basic necessity not a commodity you can forgo.
ollie
Anne you are a fool.
Your taxes are enriching those on HAP, the unemployed, Vradkar’s communications unit.
WHether you like it or not landlords provide a service that a City can;t function without.
anne
I am not a fool.. you are the fool. ha ha
private landlords are being enriched off of the backs of the working class.
anne
They can offset a lot, like 80% of the interest. They need to pay taxes like everyone else. My mortgage is my problem.. why should your mortgage be my problem too.
Cian
anne @12:23 “Increase supply.. build social housing”
anne @12.25: “My mortgage is my problem.. why should your mortgage be my problem too.”
Is this not a contradiction? If we build social housing are the tax payers (mortgage holders) not effectively paying the mortgage for the socially housed?
Joe Small
No one ever accused Anne of coherence.
anne
no.
Tax is paid on income, but landlords want to accumulate assets (houses) tax free, wanting to offset the full mortgage. not going to happen.
Mortgages eventually get paid but who do we want to own the assets .. the state or private landlords. much cheaper for the state to own the debt, building social housing than throwing hundreds of millions into private landlords bank accounts.
ollie
It’s actually 75% of interest.
LAndlords also pay for Tenants service charges and refuse collection. Property tax can’t be offset against income.
My 3 mortgages are my problem, not yours.
Andyourpointiswhatexactly?
The do in their arses pay for refuse collection.
Brother Barnabas
are you saying they refuse?
sorry
Brother Barnabas
It’s actually 85% as of January 1, 2018 (was 80% in 2017, 75% in 2016… will be 90% in 2019 etc)
rates you pay to a local authority for the property
You’ve 3 mortgage have you. Whoopy for you.
Brother Barnabas
property tax and rates are not the same thing
you can’t claim tax relief on tax
anne
oh right.
GuessWho
I agree with Ollie
Col
“Surely it’s just bubble pumping, no?”
I’d like to think it’s a warning that the powers-that-be might take heed of. Not confident though.
dav
Remember people, that is why they were bailed out – to make the exact same mistakes again. It’s not as if they learnt from them the 1st time, eh!
JunkFace
Ireland has must have reached peak Gouging by now?
Spud
Gouging one one think Ireland will never hit peak of.
Joe Small
“Oh people can come up with statistics to prove anything Kent. Forty per cent of all people know that.”
Starina
The comments on these kind of articles always reveals who the landlords are among us.
Rob_G
I’m not a landlord (and until very recently I was a tenant), but the housing crisis wasn’t caused by landlords, it was caused by poor policymaking.
As for ‘gouging’ – if your employer wanted you to work for 40k, but you knew there were other people similar work for 50k, would you ask for 50k, or would that be ‘gouging’ as well?
D
And the policymakers are 25% what? Oh it couldn’t be that they are landlords. I wonder how many of them are married to landlords or landladies?
The game is rigged as they say.
ollie
Comments also reveal the insane among us :-)
Enjoy the long weekend people!
ollie
Anne, social housing is rented to Tenants by Housing co-ops, local authorities, etc.
Do you know what that makes them?
LANDLORDS
Or do you propose giving these houses away?
Rob_G
Anne will be along in a minute with some 15 min long Youtube videos that will disprove supply and demand
31% are idiots
What’s that shoe shine boy? I should be investing? Very well then.
SELL SELL SELL
You do know how to get out of an elevator don’t you?
I’ve been told by three different people, two are estate agents and one works in a bank(lending department) that they expect prices to drop. Not a property crash but a significant enough drop in price. The estate agent advised my brother, just after he sold his property, to sit on his money till after Christmas.
He’d be a fool to lodge money in a bank.
There are 10 2 bed apartments available for rent in Dublin 7 and 9 in Dublin 9.
There’s no way property prices will fall significantly in the next 5 years.
Your brother is now paying rent whild his money earns him 0.000000001%, not a good idea.
I always find estate agents a reliable indicator of the future of the property market …
A soft landing post brexit on the lines of the one Bertie predicted in 2008
It is cheaper to buy than rent because of gouging landlords.
I’m not a landlord but lazy generalisations such as “gouging” landlords don’t help explain anything. If you’re letting a property and you don’t seek the maximum allowed by the market then you’re a bit of a sap. Often the standard of property let isn’t great but if this was improved rents would probably rise even higher.
“lazy generalisations” against “gouging landlords” followed by “If you’re letting a property and you don’t seek the maximum allowed by the market then you’re a bit of a sap”
Top class!
Its the same if you’re selling a car that’s worth €10,000 and you sell it for €7,000. That doesn’t make much sense. Its the capitalist system we live in. I’m not being callous, just factual. If we focus our wrath on landlords then we waste time not finding proper solutions to the housing crisis.
Anne, supply and demand. Gouging landlords lazy comment
What about gouging Government, taking 52% tax on rent and not allowing legitimate business expenses to be offset? Also, treating taxation differently depending on who a landlord rents to?
What about HAP tenants paying €65 a month in rent on a property renting for 1,450 on the open market? You are paying this rent as well as your own Anne, how does that feel?
Increase supply.. build social housing. Landlords are a scourge on society. My taxes are enriching the gougers.
Housing is a basic necessity not a commodity you can forgo.
Anne you are a fool.
Your taxes are enriching those on HAP, the unemployed, Vradkar’s communications unit.
WHether you like it or not landlords provide a service that a City can;t function without.
I am not a fool.. you are the fool. ha ha
private landlords are being enriched off of the backs of the working class.
They can offset a lot, like 80% of the interest. They need to pay taxes like everyone else. My mortgage is my problem.. why should your mortgage be my problem too.
anne @12:23 “Increase supply.. build social housing”
anne @12.25: “My mortgage is my problem.. why should your mortgage be my problem too.”
Is this not a contradiction? If we build social housing are the tax payers (mortgage holders) not effectively paying the mortgage for the socially housed?
No one ever accused Anne of coherence.
no.
Tax is paid on income, but landlords want to accumulate assets (houses) tax free, wanting to offset the full mortgage. not going to happen.
Mortgages eventually get paid but who do we want to own the assets .. the state or private landlords. much cheaper for the state to own the debt, building social housing than throwing hundreds of millions into private landlords bank accounts.
It’s actually 75% of interest.
LAndlords also pay for Tenants service charges and refuse collection. Property tax can’t be offset against income.
My 3 mortgages are my problem, not yours.
The do in their arses pay for refuse collection.
are you saying they refuse?
sorry
It’s actually 85% as of January 1, 2018 (was 80% in 2017, 75% in 2016… will be 90% in 2019 etc)
wrong, it’s not 75%.
https://www.revenue.ie/en/property/rental-income/irish-rental-income/what-expenses-are-allowed.aspx
And property tax is an expense you can offset –
General expenses
Allowable expenses include:
rates you pay to a local authority for the property
You’ve 3 mortgage have you. Whoopy for you.
property tax and rates are not the same thing
you can’t claim tax relief on tax
oh right.
I agree with Ollie
“Surely it’s just bubble pumping, no?”
I’d like to think it’s a warning that the powers-that-be might take heed of. Not confident though.
Remember people, that is why they were bailed out – to make the exact same mistakes again. It’s not as if they learnt from them the 1st time, eh!
Ireland has must have reached peak Gouging by now?
Gouging one one think Ireland will never hit peak of.
“Oh people can come up with statistics to prove anything Kent. Forty per cent of all people know that.”
The comments on these kind of articles always reveals who the landlords are among us.
I’m not a landlord (and until very recently I was a tenant), but the housing crisis wasn’t caused by landlords, it was caused by poor policymaking.
As for ‘gouging’ – if your employer wanted you to work for 40k, but you knew there were other people similar work for 50k, would you ask for 50k, or would that be ‘gouging’ as well?
And the policymakers are 25% what? Oh it couldn’t be that they are landlords. I wonder how many of them are married to landlords or landladies?
The game is rigged as they say.
Comments also reveal the insane among us :-)
Enjoy the long weekend people!
Anne, social housing is rented to Tenants by Housing co-ops, local authorities, etc.
Do you know what that makes them?
LANDLORDS
Or do you propose giving these houses away?
Anne will be along in a minute with some 15 min long Youtube videos that will disprove supply and demand
all right. here –
https://youtu.be/bBx2Y5HhplI