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Real value of this house?

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    #32
    Zamboni
    Registered Users Posts: 4,305 ✭✭✭Zamboni


    dmclean1842 wrote: »
    You want to back that statement with some figures please?

    At least I tried.

    Why would you have a €400 car loan?

    If the car had been saved and bought in cash, there is another €400 saving on top of your €500.

    If a person is going to purchase short-medium term luxuries on interest then clearly they do not have a priortiy of saving for a deposit.


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    #33
    user1842
    Registered Users Posts: 1,112 ✭✭✭user1842


    lainey316 wrote: »
    Ah, I had married with children because of your other assumptions (i.e. kids), which brought it to the 3964 net. Assuming unmarried with kids it's 3801.

    A car costs €500+ per month on top of your car loan assumption of €400? Glad I don't have one then!

    I think someone on 80k coming out with that little savings would want to re-evaluate their approach to money tbh. But that's just my opinion.

    Sorry should not have said kids on my first post. All calculations based on a single person.


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    #34
    user1842
    Registered Users Posts: 1,112 ✭✭✭user1842


    Zamboni wrote: »
    Why would you have a €400 car loan?

    If the car had been saved and bought in cash, there is another €400 saving on top of your €500.

    If a person is going to purchase short-medium term luxuries on interest then clearly they do not have a priortiy of saving for a deposit.

    Where are you going to get the cash from to buy a car?

    If you need a car for work you dont have that luxury.

    A car is short-medium term luxury, really.


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    #35
    Zamboni
    Registered Users Posts: 4,305 ✭✭✭Zamboni


    dmclean1842 wrote: »
    Where are you going to get the cash from to buy a car?

    If you need a car for work you dont have that luxury.

    A car is short-medium term luxury, really.

    Using your figure of a €400 repayment, on a credit union car loan at 6% for 5 years would give a amount of €22,000.

    Why would you need a car of €22k to get to work?
    Surely you could get one for €5k?

    This is going really off topic but it is not remotely difficult for a person on 80k a year to save €500+ a month.
    Unless that person purchases a lot of luxuries and in that case, their priorites are clearly elsewhere.


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    #36
    user1842
    Registered Users Posts: 1,112 ✭✭✭user1842


    Zamboni wrote: »
    Using your figure of a €400 repayment, on a credit union car loan at 6% for 5 years would give a amount of €22,000.

    Why would you need a car of €22k to get to work?
    Surely you could get one for €5k?

    This is going really off topic but it is not remotely difficult for a person on 80k a year to save €500+ a month.
    Unless that person purchases a lot of luxuries and in that case, their priorites are clearly elsewhere.

    Car was 12000 over 3 years. Anyway off topic now.


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    #37
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Comeon guys- less of the bickering- its of only very peripheral to the OPs question.

    Shane


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    #38
    TommyTippee
    Closed Accounts Posts: 234 ✭✭TommyTippee


    You would want to be mentally deranged to pay anywhere near €250,000 for ANY two-bed gaff in Rialto.


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    #39
    Blackjack
    Registered Users Posts: 3,612 ✭✭✭Blackjack


    TommyTippee wrote: »
    You would want to be mentally deranged to pay anywhere near €250,000 for ANY two-bed gaff in Rialto.
    Particularly when you there are 4 or so 3 beds around the corner for between 199K and 240.


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    #40
    Icepick
    Registered Users Posts: 2,456 ✭✭✭Icepick


    Is OP joking? Try 175k and I still say no because of the location.


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