Rent

frozenfrozen · 23-08-2018 12:55PM

A place went up yesterday, me and someone are ready to move in, called straight away, all our ducks in a line and they want to do a viewing on monday after it has been up for the weekend. WHY? We are offering you the asking price, two full time employed in the area non smoking no pets etc, ready to hand over the deposit today. Why do you need to leave it up longer? So someone else can come along and offer over the asking price in bribes or whatever else?

na1 · 23-08-2018 01:13PM

optogirl wrote: »

You're not making any sense

This group of taxpayers (who earn over €100,000) pays around 45 per cent of all income tax and USC
1.2 million people who earn less than €30,000 now pay just under 3 per cent of total income tax and USC.

some 920,700 people will be exempt from paying income tax in 2017.

https://www.irishtimes.com/business/personal-finance/quarter-of-all-income-goes-to-140-000-who-earn-over-100-000-1.2803467

https://www.irishtimes.com/business/personal-finance/why-one-in-three-earners-pays-no-income-tax-1.2841652

na1 · 23-08-2018 01:15PM

optogirl wrote: »

but who is complaining about already paying enough tax? Not me.

So you want to pay more taxes?
or:
you want people who already covering the 45 percent of the tax income to pay more?

optogirl · 23-08-2018 01:17PM

na1 wrote: »

So you want to pay more taxes?
or:
you want people who already covering the 45 percent of the tax income to pay more?

I would happily pay more tax, yes. I have said that several times now. I also think how taxes are used is bad - we need to build A LOT of houses in order to start to tackle this crisis. HAP & putting people up in hotels is not working and is short sighted in the extreme

na1 · 23-08-2018 01:26PM

optogirl wrote: »

I would happily pay more tax, yes. I have said that several times now. I also think how taxes are used is bad - we need to build A LOT of houses in order to start to tackle this crisis. HAP & putting people up in hotels is not working and is short sighted in the extreme

Well, ok:

let's say you claim that if you pay X euro a month more will help you to buy a house.
If every taxpayer will start to pay X euro more, the revenue will get X * N (number of taxpayers).
Then the revenue will spend these money to help N taxpayers with housing, so each taxpayer will benefit by X euro a month in housing support.
So will this X euro a month be enough help for you to buy a house?

optogirl · 23-08-2018 01:28PM

na1 wrote: »

Well, ok:

let's say you claim that if you pay X euro a month more will help you to buy a house.
If every taxpayer will start to pay X euro more, the revenue will get X * N (number of taxpayers).
Then the revenue will spend these money to help N taxpayers with housing, so each taxpayer will benefit by X euro a month in housing support.
So will this X euro a month be enough help for you to buy a house?

Let's not say I claim anything. I'm not asking for additional money directly coming to me. I would like to see the govt wisely spend the tax yield to help the housing crisis (as well as the myriad other problems in Ireland). Build more, build quickly - assist those with proven ability to pay to get a house. To some this is a socialist lib dream factory but here I am.

xckjoo · 23-08-2018 01:29PM

na1 wrote: »

Well, ok:

let's say you claim that if you pay X euro a month more will help you to buy a house.
If every taxpayer will start to pay X euro more, the revenue will get X * N (number of taxpayers).
Then the revenue will spend these money to help N taxpayers with housing, so each taxpayer will benefit by X euro a month in housing support.
So will this X euro a month be enough help for you to buy a house?

Why don't you just post whatever you want to actually say instead of all these vague and leading posts? I don't think anyone is taking your bait.

23-08-2018 01:40PM

optogirl wrote: »

Let's not say I claim anything. I'm not asking for additional money directly coming to me. I would like to see the govt wisely spend the tax yield to help the housing crisis (as well as the myriad other problems in Ireland). Build more, build quickly - assist those with proven ability to pay to get a house. To some this is a socialist lib dream factory but here I am.

But the scheme you mentioned earlier would be just that?

optogirl wrote: »

.......... I am hoping that the government can introduce some schemes whereby a person can rent & save for a decent deposit reasonably............

The_Brood · 23-08-2018 01:51PM

The question is how are there large protests and street rallies for so many things, but one thing that should be fundamental and unite people - housing that is at least somewhat approaching adequate and/or affordable - gets nothing but internet murmurs. Of course the government isn't going to do anything if it's not being protested and continuously squeezed into action.

na1 · 23-08-2018 01:53PM

optogirl wrote: »

Let's not say I claim anything. I'm not asking for additional money directly coming to me. I would like to see the govt wisely spend the tax yield to help the housing crisis (as well as the myriad other problems in Ireland). Build more, build quickly - assist those with proven ability to pay to get a house. To some this is a socialist lib dream factory but here I am.

If the extra tax money you're willing to pay is enough to help the government to buy you a house, then why its not enough in the first place?

optogirl · 23-08-2018 01:56PM

Augeo wrote: »

But the scheme you mentioned earlier would be just that?

I didn't mention a particular scheme. I said I am hopeful that the government could introduce schemes. Schemes that might take rates being paid in rent into account, facilitate loans using that as collateral etc etc. If you consider that a handout, then that's fair enough. We disagree. I am of the opinion that a welfare state is a good thing, much as that might lead you to scoff and sneer at me.

dotsman · 23-08-2018 02:02PM

xckjoo wrote: »

Other countries have built upwards though and they still have issues so I disagree that it's the solution. Maybe part of the solution, but not the "one and only solution".

But might that not be a case of "they haven't built up enough" or they have gone about it the wrong way. If 3 million people want to live in a city that only has suitable accommodation for 2.5 million, regardless of how tall the buildings, then you are still going to have huge rent/price pressure. However, if that same city built up a bit more and was providing suitable accommodation to 3.2 million people, then rent/prices would be fine.

I'm not saying we simply build a bunch of tall apartment blocks in random places and "problem solved". I'm talking about strategic planning - designating high and medium density locations in the city that are properly serviced (transport/shops/schools/hospitals/bars etc), interconnected, with strong homeowner/landlord/tenant rights & properly enforced regulations/laws and provide more than enough units, not just for today's population, but always able to accommodate upcoming (in the near-term) population trends.

The underlying issue is the scarcity of land - you can't make more land, but you can use the land you have more effectively. And that is something we simply don't do. We have so many 2 and 3 story houses/shops (and 4 stories generally the max) right bang in the city center, it is beyond a joke.

23-08-2018 02:04PM

optogirl wrote: »

........Schemes that might take rates being paid in rent into account, facilitate loans using that as collateral etc etc...............

A scheme that takes rental payments as collateral ?
A rent to buy scheme is it?

Your problem seems to be you either don't have a deposit or you don't have an income sufficent to buy property that suits your needs/expectations. Schemes most likely won't sort that for you.

optogirl · 23-08-2018 02:20PM

Augeo wrote: »

A scheme that takes rental payments as collateral ?
A rent to buy scheme is it?

Your problem seems to be you either don't have a deposit or you don't have an income sufficent to buy property that suits your needs/expectations. Schemes most likely won't sort that for you.

correct - I am saving towards a deposit. And no, I don't have sufficient income to buy a house at current prices. Yes, a decent rent to buy scheme where the government owns the house would be lovely, thanks.

Meanwhile my rent is going up 4% year on year and friends are being evicted only for the property to be back up on Daft a couple of months later at a much higher price. It is worrying & stressful however I already know that your opinion is 'tough luck' so there's not much point in going on and on.

na1 · 23-08-2018 02:22PM

optogirl wrote: »

Meanwhile my rent is going up 4% year on year and friends are being evicted only for the property to be back up on Daft a couple of months later at a much higher price. It is worrying & stressful however I already know that your opinion is 'tough luck' so there's not much point in going on and on.

You obviously didn't consider this situation when you were planning to rent forever?

23-08-2018 02:24PM

optogirl wrote: »

.......... I already know that your opinion is 'tough luck' so there's not much point in going on and on.

Well that's in the context of you only recently deciding that you want to buy a house after previously planning being a renter for life. I imagine you've spent a decade + NOT attempting to save for a deposit as you didn't need one and your career choice may also be not conducive to buying where you want to live.

Also you stated you are in favour of a welfare state, I think welfare is for where there's a genuine need.

optogirl · 23-08-2018 02:25PM

na1 wrote: »

You obviously didn't consider this situation when you were planning to rent forever?

I didn't 'plan' to rent forever. I was happy renting and saw no reason that I would have to stop. I didn't foresee the rapid massive hike in rents. I certainly didn't consider all situations - I still don't because how could you possibly plan for all and every situation?

I also am glad I didn't spend my youth worrying about property booms

optogirl · 23-08-2018 02:27PM

Augeo wrote: »

Well that's in the context of you only recently deciding that you want to buy a house after previously planning being a renter for life. I imagine you've spent a decade + NOT attempting to save for a deposit as you didn't need one and your career choice may also be not conducive to buying where you want to live.

Also you stated you are in favour of a welfare state, I think welfare is for where there's a genuine need.

I've been consistently saving for over 10 years but yes, not at a rate that is conducive to my buying a house at this stage.

23-08-2018 02:28PM

optogirl wrote: »

I didn't 'plan' to rent forever. I was happy renting and saw no reason that I would have to stop. I didn't foresee the rapid massive hike in rents. I certainly didn't consider all situations - I still don't because how could you possibly plan for all and every situation?

I certainly got the impression that renting forever was indeed your plan. Once your pension and inheritance etc went to plan for you.....

optogirl wrote: »

.................

I though that I could perhaps rent forever, including in old age, with pension, savings, inheritance etc. Naive? Probably.

na1 · 23-08-2018 02:28PM

optogirl wrote: »

I didn't 'plan' to rent forever. I was happy renting and saw no reason that I would have to stop. I didn't foresee the rapid massive hike in rents. I certainly didn't consider all situations - I still don't because how could you possibly plan for all and every situation?

I'm not blaming you, I'm just asking.
What about people who were 'wise' enough to buy the houses before the property prices collapsed? Should the government help them out of negative equity?

23-08-2018 02:33PM

If you did buy a house and interest rates increased MASSIVELY would you imagine that you'd need a scheme to help with that too?

thomas 123 · 23-08-2018 02:42PM

na1 wrote: »

Unless you're on 50k+ you pay almost nothing in taxes.
If you're on 60k+ you'd have no problem getting mortgage.

PAYE: 20% 0-€34,550
USC: 0.5% - 5% - €34,550
PRSI - don't forget your 100 euro A&E fee or 50 euro Gp fee then your prescription.

VAT
Road Tax
Property Tax - passed on from the landlord to the tenant for sure.
Capital gains tax

Almost nothing :rolleyes:

23-08-2018 02:46PM

thomas 123 wrote: »

PAYE: 20% 0-€34,550
USC: 0.5% - 5% - €34,550
PRSI .............

On a €34,550 salary the Total deductions for a single person are €5,920.
Not insignificant.

On a €44,550 salary the Total deductions for a single person are €10,795........... the bite is far more noticeable.

na1 · 23-08-2018 02:59PM

thomas 123 wrote: »

PAYE: 20% 0-€34,550
USC: 0.5% - 5% - €34,550
PRSI - don't forget your 100 euro A&E fee or 50 euro Gp fee then your prescription.

VAT
Road Tax
Property Tax - passed on from the landlord to the tenant for sure.
Capital gains tax

Almost nothing :rolleyes:

6k a year - is just not enough for the Irish budget.

optogirl · 23-08-2018 03:05PM

Augeo wrote: »

I certainly got the impression that renting forever was indeed your plan. Once your pension and inheritance etc went to plan for you.....

Well then you got the wrong impression. I didn't say that was my plan. 'I thought perhaps' is not the same as 'I planned'.

thomas 123 · 23-08-2018 03:08PM

What do you guys think the government will do in October(if anything)?

23-08-2018 03:11PM

optogirl wrote: »

Well then you got the wrong impression. I didn't say that was my plan. 'I thought perhaps' is not the same as 'I planned'.

lol

So when did you start planning to buy?

optogirl · 23-08-2018 03:13PM

Augeo wrote: »

lol

So when did you start planning to buy?

About 7 years ago when I was first pregnant - thought turned to security over flexibility. I'm really not sure what it is you want me to say. Yes I thought I might be able to rent forever - many countries cater for this and I thought ireland would inevitably move in that direction. No I wasn't saving for a house in my 20s. I understand that you have no time for my peeves about rent or ability to buy a house but your lols and smiley faces are just so crass and condescending.

Cleopatra_ · 24-08-2018 12:03AM

Augeo wrote: »

lol

So when did you start planning to buy?

I really can't wrap my head around your attitude. So Optogirl is naive to think that she could rent indefinitely (something that is entirely possible on the continent and should be possible here too).

But you also think that she should just suck it up if she can't afford to buy a house, even though she's working and saving but unfortunately her rent is too high for her to be able to save enough to buy. Even though monthly mortgage payments would be less than rent.

You have the gall to call her selfish for expecting the government to sort out this absolute sh1theap of a situation which plenty of people are facing.

She isn't asking for a free house, she wants to have a realistic chance of saving to buy one at some point which seems impossible in the current situation. Where do you expect people to live exactly?

You are the one with the selfish attitude.

Andrew Beef · 24-08-2018 12:09AM

frozenfrozen wrote: »

A place went up yesterday, me and someone are ready to move in, called straight away, all our ducks in a line and they want to do a viewing on monday after it has been up for the weekend. WHY? We are offering you the asking price, two full time employed in the area non smoking no pets etc, ready to hand over the deposit today. Why do you need to leave it up longer? So someone else can come along and offer over the asking price in bribes or whatever else?

Because part of being a landlord is managing your risk. You find the 30 or so people who want to rent your property. You collect their information and assess each applicant. Who has the best job? Who says they’re in for the long haul? Is there anyone who you know through your circle of contacts? Who has the best references? Who has their own couch? Who has their own mattresses? Would you prefer a couple rather than two mates?

Rent

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