Brendan Burgess
Founder
- Messages
- 52,119
I have a major issue with this idea of people living in hovels and penury whilst saving.
Hi 123
To ask a slightly provocative question, as a potential FTB do you think you are advantaged or disadvantaged by the Central Bank's rules?
I would have thought that the publicity around the rules, if not the rules themselves, have dampened down prices
Brendan
Why do you think they're getting such negative publicity, from all angles?
Buying an "intermediate" home to get on the property ladder is a terrible idea, given what happened to people who did that in the 2000s.
I'm probably blinded by fact I don't want any rise! Why do you think they're getting such negative publicity, from all angles? CIF I can understand, but why does Joe public want to borrow 300k on 30k salary anyway?!
We don't speculate on property price moves here, however I don't think it is out of line to say that most properties being sold at the moment are going for less than their building cost plus a reasonable site cost.
Doesn't that rather depend on what you think is a reasonable site cost?
If we had a properly designed site value tax in place, I've no doubt that we would be in the middle of a building boom at this stage.
I suppose it all comes down to political priorities.
No I don't think it does. Most houses outside Dublin currently sell at less than the rebuild cost, even without any site cost.
FWIW I can probably wade in as an actual person that the report addresses:
...
- Childless couple in 30s
- FTBs
By Christmas this year, we will have 100K cash as deposit. Finding right house is then the issue. If we move to the E800 per month place in new year, it will feel less like burning money while searching for the house.
Just posting my situation as a actual comparison, not saying its right or wrong.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?