Do you own property?

Winning_Stroke

Wondering what kind of mix we have here. I bought my first house last year (with my wife) but bloody hell I can't help but feel that me ten years ago, starting a grad job, should have been smarter with money and picked up a nice cheap place to have flogged in the mean time. The rent I paid in those years would easily have got me a nice leg up in life. Oh well.

DelBoy Trotter

Don't own a house yet, I'm in the grim situation of doing the last bit of saving and looking for a house to buy in Dublin

Thelonious Monk

Yes bought 3 years ago. I also was a tool with money most of my life but moved home for a year at 35 and saved about 12k and folks helped me out for a deposit. I'm just so glad i never have to flatshare again.

ednwireland

yep, 2 my own and a rental, all paid off in 2015

Antares35

Not yet. Wasn't exactly sensible the last couple of years although I wasn't with anyone I wanted to buy with either. Now we are saving, but for somewhere outside Dublin. Really couldn't see us mortgaging ourselves for the next 35 years for something in Dublin!

Zebra3

Own yes, the minor fact of still having a mortgage aside!!!

Mad_maxx

Commercial property - long term lease to retailer ( debt free)

Residential - long term lease to Limerick Council (debt free)

Own my own home debt free

JDigweed

Nope. The banks seem to think I can't afford a mortgage even though I am essentially paying someone else's mortgage (€1,200 monthly rent for going on 6 years now)

charlietheminxx

In 33 years when the mortgage is all paid up I will!

victor8600

I pay the mortgage on my home so it's the bank that owns my house. Should I answer No or Yes?

s7ryf3925pivug

I have a mortgage, so partly.
Jointly with my wife because that's a condition of getting a mortgage even if it is all your own money.
If we were to separate she would probably get to stay there with my kid while I would have to leave.
Such a fair system. Gun against your head stuff. [Not that I personally would want to split up with my wife anyway - just making the point that the system is ****ing retarded.]

Mad_maxx

victor8600 wrote: »

I pay the mortgage on my home so it's the bank that owns my house. Should I answer No or Yes?

The bank doesn't own the house, they have a charge on it and rent you money @ under 3%, nobody from the bank gets to come live in it whenever they feel like it

GLaDOS

As of 2 months ago, yes.

Had to move in with my parents to save up the deposit.

Antares35

Alexa Vast Mayonnaise wrote: »

I have a mortgage, so partly.
Jointly with my wife because that's a condition of getting a mortgage even if it is all your own money.
If we were to separate she would probably get to stay there with my kid while I would have to leave.
Such a fair system. Gun against your head stuff. [Not that I personally would want to split up with my wife anyway - just making the pin t that the system is ****ing retarded.]

Completely agree. My ex had to give his ex wife (who refuses to work) 3200 per month out of the 4000 he came out with leaving him with 800 a month to start a new life (i.e. rent a bedsit and be dog poor), so that she could stay in the big 4 bed detached house. She couldn't be compelled to rent a room, downsize etc. He effectively has that ball and chain until his youngest turns 18. Anyway off topic!:D

_Brian

Two houses.
Live in one rent the other.

Zulu

3 mortgages, awesome. :rolleyes:

scrumqueen

Nope.

That will no doubt change by the end of the year though when everyone has voted in FF and I'll be able to get a 110% mortgage :pac:

nkl12xtw5goz70

Antares35 wrote: »

Completely agree. My ex had to give his ex wife (who refuses to work) 3200 per month out of the 4000 he came out with leaving him with 800 a month to start a new life (i.e. rent a bedsit and be dog poor), so that she could stay in the big 4 bed detached house. She couldn't be compelled to rent a room, downsize etc. He effectively has that ball and chain until his youngest turns 18. Anyway off topic!:D

That seems odd. I can't imagine a court ordering someone to give his ex-wife 80% of his take-home pay.

jimgoose

Yup, own my little swamp.

Cody montana

Yes, inherited.

Rufeo

I don't own a house. I rent. I will buy a place when I am 60, because I would like to move back home eventually. But for now i will keep moving around, since i am not (and most likely will never get) married.

Plumbthedepths

scrumqueen wrote: »

Nope.

That will no doubt change by the end of the year though when everyone has voted in FF and I'll be able to get a 110% mortgage :pac:

You won't as FF or any other party doesn't get to dictate policy to the CB.

cherryghost

Yep, bought 4 years ago, prices were reasonable enough at that point. Houses in my area are up 50-60k since then, I'd be hard pressed to buy my house today tbh

TomSweeney

Yes finally got our place in 2018 after years of bad luck and missing deals and investors sweeping in offering more so they could convert it to an air bnb tourist trap.

Had about ~90k saved, so got a nice place, 75% mortgage , but what really pissed me off was a lot of that deposit just went to some corrupt politicians pocket - for doing nothing.

Mortgage is decent, less than rent, plus a fixed rate ...

theteal

Yup, completed our first remortgage after the initial 2 year deal was up - convinced the bank the house went up in value too. Currently at about 70% LTV and a rate that'll probably make some Irish people annoyed.

Looking back, yes we should have bought a lot sooner after we landed here but the money/job situation wasn't great and we were only meant to be here "for a year or two" anyway (he says ~10 years later). I also never realised how easy it was to buy a house, the broker was well worth his couple of hundred quid.

Yup. Three bedroom townhouse in Cork. Also a two bedroom apartment in Xi'an, China.

FTA69

Bought a house in London at 29 with my ex-partner. Things went very bad relationshipwise (on account of her going totally cracked) and I beat a hasty retreat with her agreeing to pay me a small amount of money and take over the mortgage herself.

Now I’m back renting and I live with 13 other people. Still better than sharing a cold house and living on eggshells. Owning your own gaff is great and congrats to whoever does it but it’s certainly not a guaranteed route to happiness I learned that the hard way.

sbsquarepants

My 20's and early 30's i was basically just party boy. The girlfriend at the time basically insisted we buy an apartment, which we did - then about 6 months after moving in she pissed off and left me paying for the damn thing!

But sometimes bad news is just good news in disguise, it forced me to get my shít together and now 15 years later, i have a very nice house which i live in and a very nice family of Pakistanis are paying the apartment mortgage for me. I'm viewing it as my pension, mainly because my actual pension will barely keep me in beans and toast.

Sometimes i wish i had put all the money i spent on cocaine and chasing women into my pension, or off a mortgage or something productive like that, because i'd be on the pigs back now.....but then i remember i had a fúcking damn good time, so it's swings and roundabouts:D

harry Bailey esq

One outright, where I live currently. One mortgaged. 17 years left on that, meself and the ex pay that between us and she still lives there so it's not much of a burden.

harry Bailey esq

One outright, where I live currently. One mortgaged. 17 years left on that, meself and the ex pay that between us and she still lives there so it's not too much of a burden.

lawred2

Winning_Stroke wrote: »

Wondering what kind of mix we have here. I bought my first house last year (with my wife) but bloody hell I can't help but feel that me ten years ago, starting a grad job, should have been smarter with money and picked up a nice cheap place to have flogged in the mean time. The rent I paid in those years would easily have got me a nice leg up in life. Oh well.

I own about 30% of where I live with my family

Woshy

We sold our house recently and we're looking to buy another. Finding there's not much on the market atm though (well where we are looking and what we are looking for).

Pherekydes

House paid for four years ago. £71,500. Probably worth more now. Probably.

Jim Root

I'm not sure - my wife owns our family home outright, no debt/mortgage - does that make me an owner?!

Salary Negotiator

Bought with a mortgage just before my 35th birthday, probably could have bought sooner but I spent 1 deposit travelling and another going back to college when I was 30 to help with a career change.

Glad to not be renting anymore.

jimgoose

Jim Root wrote: »

I'm not sure - my wife owns our family home outright, no debt/mortgage - does that make me an owner?!

Did she own it when you married her? If not, then maybe!

jimgoose

FTA69 wrote: »

...Owning your own gaff is great and congrats to whoever does it but it’s certainly not a guaranteed route to happiness I learned that the hard way.

One should endeavour to not get into any sort of co-ownership setup with a crazy person or persons.

FTA69

jimgoose wrote: »

One should endeavour to not get into any sort of co-ownership setup with a crazy person or persons.

Unfortunately many people end up sticking with unhappy relationships that start off great and then go sour over time; if kids are involved it then becomes very difficult to extricate yourself

Jim Root

jimgoose wrote: »

Did she own it when you married her? If not, then maybe!

Nope; she inherited it from a family member after we were married. We moved into it then together. Guess I'm a lucky man?

jimgoose

Jim Root wrote: »

Nope; she inherited it from a family member after we were married. We moved into it then together. Guess I'm a lucky man?

You sure are.

Better Than Christ

AH Election Poll results suddenly make sense. A vote for Fine Gael is probably the best chance of keeping house prices up and (for the benefit of those of you who own more than one 'property') preventing rent prices from dropping to a humane and sensible level. The term "I'm alright, Jack" springs to mind.

I'm renting at the moment. I could have bought outright a few years ago, but the location (in terms of proximity to Dublin and also the general area itself) wasn't great. A bit of a mistake though, as it would be worth at least €40,000 more now. Anyhow, I won't be buying anything until the next crash. Hopefully I'll have enough saved not to require a significant mortgage. And that's why I'll be voting for Fianna Fail.

Antares35

Ellison Rough Padding wrote: »

That seems odd. I can't imagine a court ordering someone to give his ex-wife 80% of his take-home pay.

This is Ireland! It wasn't court ordered however the solicitor he saw pretty much told him it wouldn't be lowered all that much. She had a few illnesses that "prevented" her from working (didn't stop the cash in hand jobs mind) and one of the kid has ADD so I think solicitor was probably right. Right or wrong, I hightailed out of there at quick speed, knowing any children we had would have pretty much zero future.

In terms of house ownership/ mortgages etc. I only recently realised that having dependants seriously reduces the reckonable income for purposes of borrowing multiples too.

Winning_Stroke

Antares35 wrote: »

didn't stop the cash in hand jobs

:eek:

nkl12xtw5goz70

Antares35 wrote: »

This is Ireland! It wasn't court ordered however the solicitor he saw pretty much told him it wouldn't be lowered all that much.

I'm no legal expert, but if a solicitor advised your friend to pay his ex €3,200 a month out of €4,000 in take-home earnings, leaving him €9,600 a year to support himself, then he needs a new solicitor. Based on what I know about Irish family law, that is completely out of whack with the norm.

dotsman

Jim Root wrote: »

Nope; she inherited it from a family member after we were married. We moved into it then together. Guess I'm a lucky man?

jimgoose wrote: »

You sure are.

Afraid not exactly. If the genders were reversed, then yes, you definitely would be an owner in all senses of the word. Right now, you are technically an owner, but in the case of a divorce, where 95% of divorces are about transferring every bean from the man to the woman, I find it hard to believe a judge would do the opposite and give you some of the wife's wealth. Especially if there are children involved. When that happens, the wife gets everything and the man must suffer a life of destitution.

Welcome to Feminist Ireland!

dotsman

Better Than Christ wrote: »

AH Election Poll results suddenly make sense. A vote for Fine Gael is probably the best chance of keeping house prices up and (for the benefit of those of you who own more than one 'property') preventing rent prices from dropping to a humane and sensible level. The term "I'm alright, Jack" springs to mind.

I'm renting at the moment. I could have bought outright a few years ago, but the location (in terms of proximity to Dublin and also the general area itself) wasn't great. A bit of a mistake though, as it would be worth at least €40,000 more now. Anyhow, I won't be buying anything until the next crash. Hopefully I'll have enough saved not to require a significant mortgage. And that's why I'll be voting for Fianna Fail.

So much wrong here, I don't know where to start.

Cienciano

I'm in my 40's and have a deposits saved from inheritances to my wife over the years. It's crazy how hard it is now, I think for a lot of young people they don't even bother trying.
Back when my parents bought a house in the early 70's it was a 20 year mortgage, one wage household, no college education just a job from leaving school at 16. And that was a nice 3 bedroom semi in a good area of Dublin where you could walk to the city centre. That avocado toast must be good

Better Than Christ

dotsman wrote: »

So much wrong here, I don't know where to start.

I'll never learn unless I'm taught.

I'm listening reading...

eviltwin

I bought a house 16 years ago. I was 25 and everyone thought I was mad and should be partying, travelling but I had a young child and we were desperate for our own place. It was also a point of pride, I had been a teen parent and sofa surfing for a while and some people told me I'd never do it. We will pay our final mortgage payment in November touch wood.

blastman

Does an acre of the moon count?

banie01

Yep, I own our family home outright(Well since marriage "we" do) and rather than sell her house we have rented it out.
So 2 homes, sounds sweet but the rental property whilst washing its face is a PITA with regards admin and costs.
Lovely tenants though, so we are lucky in that regard.

Purchased back in 2005, and luckily mortgage free now on family home with @12yrs left on the 2nd property.