The Story Of Why (Continued)

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Good times.

College living: the pitfalls of buying property for your children (Conor Pope, The Irish Times, subscriber only)

Previously: The Property Porn Hub

No Regrets

16 thoughts on “The Story Of Why (Continued)

  1. eoin

    It’s almost like the only part of the Irish Times actually making a profit and keeping the whole leaky ship afloat is MyHome.ie

    1. Bruce Wee

      Bingo…Its was the same in the years prior to the Bust. It’s a reliable source of income for them.

      “Accounts just filed show a profit before tax at the group, which includes the leading property website myhome.ie, increased to €2.03 million in the year ended December 2017. This compared with a pretax loss of €1.25 million in 2016.”

      Fri, Jul 13, 2018, 15:59

      Let’s call a spade a spade, The Irish times is not aimed at about 80% of the Irish population.

      1. Cian

        Most (all?) papers are aimed at a particular segment of the population. This makes it easier for them to sell ads. The Irish Times aims for the ABC1 segment – the ‘rich’ half of the population.

  2. postmanpat

    I went to college with a big country lass who lived with her two big white labradors in a swish Dublin city centre property owned by her daidí (who refused to speak English on the phone when she spoke to him,) . And because she lived so far away from the west of Ireland, she was entitled to a government grant which she applied for…and got ..in a nice backdated lump sum just in time for summer travel to the USA one year , and Europe the next. She had a job in fairness , I’m sure she probably kicked a few pound toward the electricity bills . (It’s very important to teach young people to stand on there own two feet. after all)

      1. postmanpat

        She got a grant for “rent” & “expenses” due do not living at home , that home being in the west. . no need to be pedantic, mate. The point is, she was from a well to do family with loads of money but lied and played the system like a harp from hell. And there’s plenty of cute hoor culcies that own Dublin properties where where sons and daughter will be “renting” from when up in de big smoke for college. I’ve known a few over the years and know all about it because they openly bragged about it . I’ve know a few Dublin students too, from separated parents, both independently wealthy, but got the grant because of the broken home situation on paper. One guy used to drive to college in his own car, 19 years old. Off to San Diego in the summer with his backdated grant lumpsum.

    1. Qwerty123

      Ha, Id say he is mostly right, but he is backed by a hedge fund he never has disclosed, whom I am guessing, would have taken a short position on GE

      1. italia'90

        That was your big take away from this episode?
        Markopolos got paid for almost 8 months with his team investigating accounting fraud?
        That sounds like a msm talking point to me.

        Anyway, there is worse coming I fear.

  3. Chris

    The headline is right though- it makes no sense for a parent to pay 1000 euro a month on their kids rent when alot of empty nesters could conceivably buy a two bed apartment for them and rent out the other room to cover most of the mortgage. At the end of the 5 years they will have an asset either to give to their kid to take on or to sell on/ use for retirement. It’s not a new idea and I don’t see anything wrong with it.

    1. postmanpat

      But these students put in for every grant going and hide the fact that the old folks own the very property they are renting , (rent free), which is fraud. If its a big enough place the investor has a son or daughter in the area that can vet and collect rent from a less fortunate class mates that’s co living with them too. All cash and off the books.

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