And yet they wont extend the help to buy scheme to second hand homes, for first time buyers…
nah i just like knowing some nutcase could have cut a spare key to my house for the craic
Somebody should ask him why they are cheaper.
Leo did your partys policy do anything to inflate new builds?
The housing stock in Ireland is just so poor. We really wasted the Celtic Tiger. These houses are leaking heat.
They’re also less likely to be bulk bought by the state or foreign funds
Is this meant to be breaking news?
Ye they’re listed cheaper and then about 50 bids go in and the price goes up another 100k for you, but only if someone else isn’t willing to pay an extra 110k and so on and so on.
I think this lad is just gas lighting people.
He’s sitting there laughing at you while you still vote for him.
It’s the same for cars, makes sense, we don’t expect first time car buyers to buy a brand new top spec 3 series, but we do require the equivalent for homes.
They are cheaper because you need to do a full renovation adding at least 150k more to a typical house to bring it up to the standard. So pricewise it’s the same. Second hand houses come with more garden space and a nice established neighbourhood though.
This guy is an absolute genius hes intelligence is wasted being in government
“The Taosieach also noted that the survey made the assumption that a borrower could only borrow 3.3 times their income. Borrowers can now borrow up to 4 times their income. “
Ah yes because at an average of 127k combined salary needed to buy a 3 bed new build, couples really want to be drowning themselves in a 500k mortgage with rates >4.5% interest.
Its seems nothing has changed and Leo is still out wildly of touch with reality.
But yet the incentives for first time buyers are in new homes.
So what’s the strategy here and are you telling me that hasn’t worked if they’re off buying second hand homes?
Yes, most first time buyers buy second/third/fourth hand homes.
Yet, a few years ago this idiots government developed a first time buyers scheme that only applied to new builds.
Swings and roundabouts, spin and bullshit.
300k for an old and small semi-d IS cheaper than building a larger new home..
I live in Dublin 5. It’s all 60+ year houses, almost nothing new
That’s why they call him Sherlock Varadkar.
We are nearly at the end of this train wreck government.
I thought it was set up that you could only get a mortgage if it was a new build. Or is that wrong?
Varadkar talking out his arse
I don’t know a single couple (because singles can’t buy) who have bought a two bed house for the simple reason that – whatever you buy will be what you have for the rest of your life
In other news: water is wet
>**Most first-time buyers in Ireland purchase second-hand homes because**
because that’s all that’s available Leo, and because you practically need to know the developers personally to get on the list for new estates.
This has zero to do with price and all to do with availability.
No shit, Sherlock.
So take the VAT off new builds maybe?
It’s ridiculous capping the H2B scheme at 500k as well. Very difficult to buy a new house in Dublin that would qualify.
Wow super insightful , I was under the impression that 19 year olds were running around buying €600k+ houses with their €200k salaries. Good to know this extremely secretive information that most first time buyers can’t afford new build homes because I was under the impression that they could 🙄
Not completely true but whats the point of the help to buy scheme? Its basically saying were not help people who actually need our help.
Now folks, imagine if the same anger directed at migration law was directed at housing?
Ppl who can afford a new build also get a sweet cash bonus in the form of htb.
Yet no relief available like htb for first home scheme. Even with those many can’t afford a new build
What’s the story with Leo, it’s like he is saying: let’s see how much stupid shit I can say before a lynch mob forms….
Second hand homes, lol
Hes a fucking idiot. I’m sorry for the cursing. But good jasus this fella is so out of touch.
I purchased a secondhand home because its in a much better location than any new build that was remotely within my budget. It also included its own driveway, south facing garden. Its walkable to a lot of places, has shops, gyms and the cinema around the corner. If I bought a new build, I’d have to drive everywhere.
I could also only own a new build if I bought with the first homes scheme where I’d have to max out the 30% equity in the house the gov/council will own. It was also a bit of a scam with service charge and the equity charge, plus the fact that unlike the old scheme, the 30% equity isn’t given up after 10 years, they charge you even more as the years go on. Plus they also made it much harder to pay off early. So it didn’t seem worth it for me. I also wanted to own all of my house.
My house was built in 1958. It’s in a mature cul de sac surrounded by good public transport links and shops and schools and pubs. I have a massive garage and large back garden to boot.
Why the fuck would I pay the premium for an “A-rated” bland box in some non-descript estate on the outskirts of the city and deal with cuntish commutes?
Even with the renovation we did which gutted the place we still wouldn’t come close to the insane prices they’re charging for a new build.
Is ‘second-hand home’ really a common term in Ireland?
In the U.K. it’s either a new-build or a house, I’ve never heard it described as ‘second hand home’. Sounds like a term coined by the construction industry to make non new-builds sound less attractive
With the poor quality of new builds in the U.K., there aren’t many people who prefer them to regular houses
I did this.
I inherited and had to sell cos of the tax I had to pay.
I deliberately bought and old house cos it was cheaper.
Just to edit and add.
The house was over a century old with an extension built in the boom. The old part, cold but no damp, no peeling nothing, solid as anything.
New part, leaky windows, kitchen not sealed properly so back of cupboards was rotting, ceiling in living bowed cos it wasn’t supported properly.
41 comments
And yet they wont extend the help to buy scheme to second hand homes, for first time buyers…
nah i just like knowing some nutcase could have cut a spare key to my house for the craic
Somebody should ask him why they are cheaper.
Leo did your partys policy do anything to inflate new builds?
The housing stock in Ireland is just so poor. We really wasted the Celtic Tiger. These houses are leaking heat.
They’re also less likely to be bulk bought by the state or foreign funds
Is this meant to be breaking news?
Ye they’re listed cheaper and then about 50 bids go in and the price goes up another 100k for you, but only if someone else isn’t willing to pay an extra 110k and so on and so on.
I think this lad is just gas lighting people.
He’s sitting there laughing at you while you still vote for him.
It’s the same for cars, makes sense, we don’t expect first time car buyers to buy a brand new top spec 3 series, but we do require the equivalent for homes.
They are cheaper because you need to do a full renovation adding at least 150k more to a typical house to bring it up to the standard. So pricewise it’s the same. Second hand houses come with more garden space and a nice established neighbourhood though.
This guy is an absolute genius hes intelligence is wasted being in government
“The Taosieach also noted that the survey made the assumption that a borrower could only borrow 3.3 times their income. Borrowers can now borrow up to 4 times their income. “
Ah yes because at an average of 127k combined salary needed to buy a 3 bed new build, couples really want to be drowning themselves in a 500k mortgage with rates >4.5% interest.
Its seems nothing has changed and Leo is still out wildly of touch with reality.
But yet the incentives for first time buyers are in new homes.
So what’s the strategy here and are you telling me that hasn’t worked if they’re off buying second hand homes?
Yes, most first time buyers buy second/third/fourth hand homes.
Yet, a few years ago this idiots government developed a first time buyers scheme that only applied to new builds.
Swings and roundabouts, spin and bullshit.
300k for an old and small semi-d IS cheaper than building a larger new home..
I live in Dublin 5. It’s all 60+ year houses, almost nothing new
That’s why they call him Sherlock Varadkar.
We are nearly at the end of this train wreck government.
Cheaper yea right.
Asking Price €395,000. One week of bidding and its at €511,000[https://www.brockdelappe.ie/listings/5-rosedale-tyrconnell-street-inchicore-dublin-8/](https://www.brockdelappe.ie/listings/5-rosedale-tyrconnell-street-inchicore-dublin-8/)
​
Same house a few doors down went for €445,000 2 months ago. [https://www.brockdelappe.ie/listings/9-rosedale-tyrconnell-street-inchicore-dublin-8/](https://www.brockdelappe.ie/listings/9-rosedale-tyrconnell-street-inchicore-dublin-8/)
​
Its just getting worse and worse.
i mean hes kinda correct
He must be genius.
I thought it was set up that you could only get a mortgage if it was a new build. Or is that wrong?
Varadkar talking out his arse
I don’t know a single couple (because singles can’t buy) who have bought a two bed house for the simple reason that – whatever you buy will be what you have for the rest of your life
In other news: water is wet
>**Most first-time buyers in Ireland purchase second-hand homes because**
because that’s all that’s available Leo, and because you practically need to know the developers personally to get on the list for new estates.
This has zero to do with price and all to do with availability.
No shit, Sherlock.
So take the VAT off new builds maybe?
It’s ridiculous capping the H2B scheme at 500k as well. Very difficult to buy a new house in Dublin that would qualify.
Wow super insightful , I was under the impression that 19 year olds were running around buying €600k+ houses with their €200k salaries. Good to know this extremely secretive information that most first time buyers can’t afford new build homes because I was under the impression that they could 🙄
Not completely true but whats the point of the help to buy scheme? Its basically saying were not help people who actually need our help.
Now folks, imagine if the same anger directed at migration law was directed at housing?
Ppl who can afford a new build also get a sweet cash bonus in the form of htb.
Yet no relief available like htb for first home scheme. Even with those many can’t afford a new build
What’s the story with Leo, it’s like he is saying: let’s see how much stupid shit I can say before a lynch mob forms….
Second hand homes, lol
Hes a fucking idiot. I’m sorry for the cursing. But good jasus this fella is so out of touch.
I purchased a secondhand home because its in a much better location than any new build that was remotely within my budget. It also included its own driveway, south facing garden. Its walkable to a lot of places, has shops, gyms and the cinema around the corner. If I bought a new build, I’d have to drive everywhere.
I could also only own a new build if I bought with the first homes scheme where I’d have to max out the 30% equity in the house the gov/council will own. It was also a bit of a scam with service charge and the equity charge, plus the fact that unlike the old scheme, the 30% equity isn’t given up after 10 years, they charge you even more as the years go on. Plus they also made it much harder to pay off early. So it didn’t seem worth it for me. I also wanted to own all of my house.
My house was built in 1958. It’s in a mature cul de sac surrounded by good public transport links and shops and schools and pubs. I have a massive garage and large back garden to boot.
Why the fuck would I pay the premium for an “A-rated” bland box in some non-descript estate on the outskirts of the city and deal with cuntish commutes?
Even with the renovation we did which gutted the place we still wouldn’t come close to the insane prices they’re charging for a new build.
Is ‘second-hand home’ really a common term in Ireland?
In the U.K. it’s either a new-build or a house, I’ve never heard it described as ‘second hand home’. Sounds like a term coined by the construction industry to make non new-builds sound less attractive
With the poor quality of new builds in the U.K., there aren’t many people who prefer them to regular houses
I did this.
I inherited and had to sell cos of the tax I had to pay.
I deliberately bought and old house cos it was cheaper.
Just to edit and add.
The house was over a century old with an extension built in the boom. The old part, cold but no damp, no peeling nothing, solid as anything.
New part, leaky windows, kitchen not sealed properly so back of cupboards was rotting, ceiling in living bowed cos it wasn’t supported properly.