I'm living in a house built in the late 19th century. I'd have reservations about driving a car built in the same period""If you think investing in housing is such a great idea, why not invest in cars?" he asked. "Buy a car, mothball it, and sell it in 20 years. Obviously not a good idea because people won't want our cars. It's the same with our houses. So, they're not really an investment vehicle."
-Investing in property-I want to make money and I want my house to rise in value so I can make money
The point about house prices never reaching the same point as the US boom, theyll have to, inflation will eventually do that if its given long enough. It could take 50 years but its inevitable.
"If you think investing in housing is such a great idea, why not invest in cars?" he asked. "Buy a car, mothball it, and sell it in 20 years. Obviously not a good idea because people won't want our cars.
"If you think investing in housing is such a great idea, why not invest in cars?" he asked. "Buy a car, mothball it, and sell it in 20 years. Obviously not a good idea because people won't want our cars. It's the same with our houses. So, they're not really an investment vehicle."
Put another way, say you purchased right now 5 houses and another person purchased 5 cars, who would be wealthier in 20 years?
- You have security of tenure - whereas a tenant can be kicked out relatively easily
Overall buying your home is a very good idea in Ireland.
. If you have a fixed term lease you are 100% safe unless there is a clause, that has to apply equally to both parties. The problem is people don't understand their rights not that they don't have any.
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As an experienced landlord I don't believe there is any value to leases
If you have a fixed term lease you are 100% safe unless there is a clause, that has to apply equally to both parties. The problem is people don't understand their rights not that they don't have any.
I went through this recently enough and the returning LL had to buy us out of the remaining lease term.
I have covered it.Is this not very sloppy? Should it not finish 'in Ireland is very tax efficient and may generate a higher return compared to investing in equities/leaving your money on deposit.'
You've just concluded buying a house is a good investment but haven't mentioned the key word price. Obviously I know speculation on prices isn't allowed on this site but surely you should put in some sort of caveat in this regard. It's some going to suggest buying a house without reference to price. Much the way the share price you buy in at is a big key to equity returns.
Maybe I need to say it twice as people often quote me completely out of context.If you think that house prices are going to fall or if you are not sure where you are going to work and live, that is fine. Build up your savings until you are ready to purchase.
Landlords can "encourage" people to leave even if they are paying their rent. If they are not paying their rent, they can get eviction orders far more easily than a bank can get a repossession order.
I have covered it.
Maybe I need to say it twice as people often quote me completely out of context.
Okay fair enough. I just think a summation/conclusion should also include a caveat.
Overall, buying your home is a very good idea in Ireland. Even if you are convinced that house prices will fall from their present levels, then wait until you are happy with the price.
Overall, buying your home is a very good idea in Ireland. Even if you are convinced that house prices will fall from their present levels, then wait until you are happy with the price.
If they serve you an eviction notice and you've a fixed term lease - you just register and a complaint with the PRTB and there is little they can do the interim.
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