Thanks, General Zod. I don't think he is even considering this. He had to retire on ill-health grounds. Money for buying the house is from car accident. He doesn't want to fritter the money away, and wants to put it into property, so that long-term the rental income (taking into account maintenance costs, can supplement his pension). I suggested buying an apartment in town, and thought it would would rent more easily, but he feels the return on properties in town (Dublin 2 area) is not as good as North of the City.
Beaumont to rent out. Rent Charlemont, hopefully €1500, price €435.00. Duplex Beaumont, rent €1200 to €1350, price €340,000
Hi! SidtheDweeb, thanks for your reply. You set things out very clearly. I think he feels that house prices won't drop much further, but I'm not sure. He has around €600k to invest, so I don't know why he hasn't thought about stocks and shares with dividends. I also pointed out to him that there has been roumours of a property tax for investors, and although it might be only a roumour now, it could become more likely if the government needs the money. Thanks again for your comments, I will show them to him.
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