I am currently single and I may die that way or I may have many offspring in the future but there is no way of knowing so I want to look at this from a purely financial perspective.
Well, the general rule of thumb is that a moderately risky portfolio should hold no more than about 7% of it's value in property at a max... Irish investors however happily ignore this rule and the results are to be seen all around the country!
but have alreday 'wasted' my first-time-buyer's grant (or some equivalent tax-break or grant) on a one-bed.
But it's on the up Jim, 14% nationwide and 25% in Dublin !
So is it 14% on what it was in 2007? Has the negative equity been erased?
As I have pointed out before had investors been following the generally accepted practices when managing there investments they would not have been burned no matter what the banks, the central bank or the government.
Have we learnt nothing.
With property prices in Dublin rising by 25 percent year-on-year in August, although they were still 41 percent below their pre-crisis peak, the central bank said it was appropriate to bring in limits on new lending at high loan-to-value (LTV) or loan-to-income (LTI) ratios.
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