Eimhear eats too much avocado toast while watching netflix
Yeah I bid €50k on a €2M property. Now on draft for 10x what my mortgage would have cost.
Edit: all the butt hurt at this comment. We have no idea how much she was outbid by, the cost of the house etc.
She could literally have bid €50k on a €2M property.
I feel like there has to be something the government could do to prevent this, cause it happens far too often. Surely even a huge tax hike on people buying second homes in certain areas would stop this nonsense?
Should be no situation where people are buying second or third homes as investments to rent out when there’s demand for people to buy them houses to live in.
Has she tried earning more?
>Eimhear just needs to shop around!
And stop complaining……..
I doubt this, I could buy 2x mortage but 3x no way. Only change it is 3x that asking ridiculous prices for individual rooms
My wife and I saw the house we were sale agreed on, contracts signed, etc. show up on daft again AFTER the sellers decided to fuck off. Oh, and it was listed for 50,000 HIGHER than what we had bid and agreed to. Further investigation showed that this same house had been listed, on and off, every other year since 2015. Think we dodged the bullet there but good fucking luck to whomever buys from them.
She should go on a 1 month water and food fast to try and save money.
Was lucky enough to go sale agreed on a house a couple of months ago, what I thought would take a couple of months turned in to almost a year of viewings, bidding, being outbid.
Always keep an eye on daft and the property price register for houses I had bid on early on during the process. At least 5 I had gone to see are up to rent now. Similar to that, for far more than a monthly mortgage repayment would have been.
It’s pretty tough to see it, a house you wanted to buy to live in and be your permanent home was bought by someone who just had spare money to spend and wanted to make some more…
You aiming too high Eimhear. Steeltech shed or a Caravan, whack it in the back of your Ma And Da’s place, get a Toyota Starlet and move on with your life, and please do it without complaining. Thanks. And remember, there is always someone in a worse place than you. Keep that thought in your mind at all times.
“Shop around”.
Not on topic but is Eimhear pronounced with a v sound in the middle?
Normally I’d shop around for a decent politician to vote for and avoided SF but I’ll be honest if they even fix it a bit of whats wrong I’ll vote for them right now if I could.
She needs to listen to Leo and get a lend off her ma and da!
Why hasn’t she tried shopping around. Do a bit more work, Eimhear, instead of relying on the government.
I live in Dublin on decent wages but would love to move back to Waterford specifically Tramore but the property is prohibitively expensive. A while back I read an article in the Irish Times about the housing crisis, in the very same newspaper there was an article of a woman and her family who were thriving in their second home in Tramore during lockdown. There needs to be a serious tax on second homes that reflects the damage they do to local people who cant get on the ladder.
Nomad from /r/All saw this and thought it was about my home country of Australia, the wee bit was a little weird though… Good to know we’re not alone.
r/pitchforks
As a foreign student planning to move to Ireland, I am quite nervous about not finding a place to live. I had my acceptance letter this month and I’m just worried I won’t find a place after reading about the problems here.
No harm to her but this is clearly her fault. Could she not just have asked her parents for the money?
Failing that, obviously needs to stop eating avocado toast and wasting money on luxuries like heating and transport. ^/s
Owning more than one house should be illegal. If a small percentage of people buy multiple houses solely to rent out at a profit, it causes scarcity and artificial inflation.
I’m a supposed boomer and I can safely say that my generation have failed the younger generations completely and utterly when it comes to housing and health. 100 % failure on my generations part. Were I in your position Eimhear and too many like you I’d be furious with government but most particularly local and county councils. When the local elections are held I urge everyone to vote out councillors who dwell in the land of nimbyism. Every single one of them.
I live in Wicklow and the amenities, services and support for the younger generations is both miserable and mean.
I challenged a local TD as to why banks don’t recognise ability to pay rent a constituent part of ability to pay a mortgage and the reply was ” Well they have to pay rent but there is no garauntee they would pay a mortgage if stuck”
I truly hope you achieve your dream of owning your own home.
The dream is for so many, a financial nightmare and that’s not right.
Maybe she should stop watching Netflix as Kirstie Allsop suggested.
In the 200 euro per year she saves from not buying Netflix, she’ll be able to afford a 200K house in a mere 1000 years!
Doesn’t basically 50% of collected rent (for the landlord) go to taxes, you’d have to charge that to make money if so
How do you pronounce her name? ‘Ever’, ‘Ivor’, ‘Eever’ ?
Like let us be realistic here.
If she cuts out eating, using fuel, heating for the house, electricity bills at home, living in a house
(Cardboard boxes are free to live in I hear)
Basically any of the non essential items in her life she should be able to save her money just enough to be outbid on the next house.
Also did anybody think about the poor new landlord. Their unheard story is something we should truly care about….
If SF get in and things don’t change, at what point do the guillotines get rolled out?
Dare I say it thou what’s the issue ? Demand and supply … like most things you buy are sold at a mark up why should whoever was fortunate enough to buy the property not expect to make their investment make money ?
We need a proper progressive property tax. It’s essential if we ever want to move the equality dial back in the other direction. Anybody with multiple millions of euro tied up in property should be paying heavy taxes on their wealth. If they can’t afford those taxes they can sell some property.
I’ll tell you this. I don’t know how these landlords are doing it legally. I’m an accidental landlord for a year now and hoping to get it sold this year. It can’t come soon enough. Have had a rake of repairs and new appliances to replace. I like to think I’ve been a decent landlord and got everything sorted straight away. Just been hit with over a grand tax bill too on it. The rent has kept the mortgage being paid but I’m out actual money. Now I’m not looking for sympathy here I know I’m in a fortunate position. My point is I don’t understand how ones can legally own and rent a portfolio of houses. They can’t be declaring it all surely cos as far as I see there’s no big profit margin at all not in the short term anyway for your liquid assets
Why doesn’t she just sleep at the front garden of said house in a tent? Problem solved.
She probably should have put more thought into who her parents were when she was born and went for a rich family
Stop being poor! 💯😘😊🏠
Would it be good or bad to have legislation capping rent based on the current mortgage of a property? For example, if the property owner is paying €1000 a month on the mortgage, they can’t charge more than €1500 on rent.
If the property is not mortgaged then I’m not sure how it might work. Something based on property value?
I’m up 90% compared to my salary a year ago, I’m now in the top 3% of earners in the country (more than your average couple). I can get a mortgage for a property to a value of between 350-400k.
As a “top earner,” I would have thought, I would be able to have a good choice of properties but the reality is I’m looking at small 2 beds, that are ‘F’ rated in the areas I only kind of like but wouldn’t call it a family home as most don’t have gardens and they need another 100k pumped to modernize them and make heating them a bit greener (most don’t have cavity walls) which means the insulation is a problem. So the reality is I can really only afford a property at 300k and hope that the extra 50-100k can bring. New builds may be well insulated but are too far out for my needs.
Sometimes I feel like I should have dropped out of school and just gone to work in a job below 36k so I could go on HAP and be happy out with less stress.
This is so easy to fix too… just jack up the tax on rental properties. I’m sorry, but being a landlord isn’t a profession that people should strive for and it adds absolutely zero value to society. Count on an Irish politician to actually fix a problem… good luck. The same people not fixing things will keep getting re-elected as well.
Give immigrants voting power and we’ll fix these problems. We’re already carrying the economy of this country, maybe we should be used to carry positive political change as well.
Same situation in the US my friend. Sucks
I put a bid of 195,000 on a 3 bedroom 1 bath 956 Sq ft ranch it sold for 220,000. Houses shouldn’t cost this much
That’s why we have a housing problem. They can but min price on drink ( making the addicted go more in debt) but can put a max rent price. It’s time something changes or we all just leave to Australia or Canada honestly 😂
Just go for a new build and you won’t have that problem, and you have the help to buy scheme.
So we started buying a property beginning of 2020 and due to covid and all the shit around it with appliances and stuff were able to sale after and move in middle of December 2020 and got the last thing in the property (kitchen) fitted 3 days before Christmas. My mortgage + life insurance is 500€. The same property in the estate is being rented out for between 1500 and 1800.
They should pass legislation when giving planning on estates that it can be only owner occupied properties or a 10%-20% cap. It’d help a small bit.
42 comments
Eimhear eats too much avocado toast while watching netflix
Yeah I bid €50k on a €2M property. Now on draft for 10x what my mortgage would have cost.
Edit: all the butt hurt at this comment. We have no idea how much she was outbid by, the cost of the house etc.
She could literally have bid €50k on a €2M property.
I feel like there has to be something the government could do to prevent this, cause it happens far too often. Surely even a huge tax hike on people buying second homes in certain areas would stop this nonsense?
Should be no situation where people are buying second or third homes as investments to rent out when there’s demand for people to buy them houses to live in.
Has she tried earning more?
>Eimhear just needs to shop around!
And stop complaining……..
I doubt this, I could buy 2x mortage but 3x no way. Only change it is 3x that asking ridiculous prices for individual rooms
My wife and I saw the house we were sale agreed on, contracts signed, etc. show up on daft again AFTER the sellers decided to fuck off. Oh, and it was listed for 50,000 HIGHER than what we had bid and agreed to. Further investigation showed that this same house had been listed, on and off, every other year since 2015. Think we dodged the bullet there but good fucking luck to whomever buys from them.
She should go on a 1 month water and food fast to try and save money.
Was lucky enough to go sale agreed on a house a couple of months ago, what I thought would take a couple of months turned in to almost a year of viewings, bidding, being outbid.
Always keep an eye on daft and the property price register for houses I had bid on early on during the process. At least 5 I had gone to see are up to rent now. Similar to that, for far more than a monthly mortgage repayment would have been.
It’s pretty tough to see it, a house you wanted to buy to live in and be your permanent home was bought by someone who just had spare money to spend and wanted to make some more…
You aiming too high Eimhear. Steeltech shed or a Caravan, whack it in the back of your Ma And Da’s place, get a Toyota Starlet and move on with your life, and please do it without complaining. Thanks. And remember, there is always someone in a worse place than you. Keep that thought in your mind at all times.
“Shop around”.
Not on topic but is Eimhear pronounced with a v sound in the middle?
Normally I’d shop around for a decent politician to vote for and avoided SF but I’ll be honest if they even fix it a bit of whats wrong I’ll vote for them right now if I could.
She needs to listen to Leo and get a lend off her ma and da!
Why hasn’t she tried shopping around. Do a bit more work, Eimhear, instead of relying on the government.
I live in Dublin on decent wages but would love to move back to Waterford specifically Tramore but the property is prohibitively expensive. A while back I read an article in the Irish Times about the housing crisis, in the very same newspaper there was an article of a woman and her family who were thriving in their second home in Tramore during lockdown. There needs to be a serious tax on second homes that reflects the damage they do to local people who cant get on the ladder.
Nomad from /r/All saw this and thought it was about my home country of Australia, the wee bit was a little weird though… Good to know we’re not alone.
r/pitchforks
As a foreign student planning to move to Ireland, I am quite nervous about not finding a place to live. I had my acceptance letter this month and I’m just worried I won’t find a place after reading about the problems here.
No harm to her but this is clearly her fault. Could she not just have asked her parents for the money?
Failing that, obviously needs to stop eating avocado toast and wasting money on luxuries like heating and transport. ^/s
Owning more than one house should be illegal. If a small percentage of people buy multiple houses solely to rent out at a profit, it causes scarcity and artificial inflation.
I’m a supposed boomer and I can safely say that my generation have failed the younger generations completely and utterly when it comes to housing and health. 100 % failure on my generations part. Were I in your position Eimhear and too many like you I’d be furious with government but most particularly local and county councils. When the local elections are held I urge everyone to vote out councillors who dwell in the land of nimbyism. Every single one of them.
I live in Wicklow and the amenities, services and support for the younger generations is both miserable and mean.
I challenged a local TD as to why banks don’t recognise ability to pay rent a constituent part of ability to pay a mortgage and the reply was ” Well they have to pay rent but there is no garauntee they would pay a mortgage if stuck”
I truly hope you achieve your dream of owning your own home.
The dream is for so many, a financial nightmare and that’s not right.
Maybe she should stop watching Netflix as Kirstie Allsop suggested.
In the 200 euro per year she saves from not buying Netflix, she’ll be able to afford a 200K house in a mere 1000 years!
Doesn’t basically 50% of collected rent (for the landlord) go to taxes, you’d have to charge that to make money if so
How do you pronounce her name? ‘Ever’, ‘Ivor’, ‘Eever’ ?
Like let us be realistic here.
If she cuts out eating, using fuel, heating for the house, electricity bills at home, living in a house
(Cardboard boxes are free to live in I hear)
Basically any of the non essential items in her life she should be able to save her money just enough to be outbid on the next house.
Also did anybody think about the poor new landlord. Their unheard story is something we should truly care about….
If SF get in and things don’t change, at what point do the guillotines get rolled out?
Dare I say it thou what’s the issue ? Demand and supply … like most things you buy are sold at a mark up why should whoever was fortunate enough to buy the property not expect to make their investment make money ?
We need a proper progressive property tax. It’s essential if we ever want to move the equality dial back in the other direction. Anybody with multiple millions of euro tied up in property should be paying heavy taxes on their wealth. If they can’t afford those taxes they can sell some property.
I’ll tell you this. I don’t know how these landlords are doing it legally. I’m an accidental landlord for a year now and hoping to get it sold this year. It can’t come soon enough. Have had a rake of repairs and new appliances to replace. I like to think I’ve been a decent landlord and got everything sorted straight away. Just been hit with over a grand tax bill too on it. The rent has kept the mortgage being paid but I’m out actual money. Now I’m not looking for sympathy here I know I’m in a fortunate position. My point is I don’t understand how ones can legally own and rent a portfolio of houses. They can’t be declaring it all surely cos as far as I see there’s no big profit margin at all not in the short term anyway for your liquid assets
Why doesn’t she just sleep at the front garden of said house in a tent? Problem solved.
She probably should have put more thought into who her parents were when she was born and went for a rich family
Stop being poor! 💯😘😊🏠
Would it be good or bad to have legislation capping rent based on the current mortgage of a property? For example, if the property owner is paying €1000 a month on the mortgage, they can’t charge more than €1500 on rent.
If the property is not mortgaged then I’m not sure how it might work. Something based on property value?
I’m up 90% compared to my salary a year ago, I’m now in the top 3% of earners in the country (more than your average couple). I can get a mortgage for a property to a value of between 350-400k.
See post below https://www.reddit.com/r/irishpersonalfinance/comments/sgztsn/comment/huzgb0s/?utm_source=share&utm_medium=web2x&context=3
As a “top earner,” I would have thought, I would be able to have a good choice of properties but the reality is I’m looking at small 2 beds, that are ‘F’ rated in the areas I only kind of like but wouldn’t call it a family home as most don’t have gardens and they need another 100k pumped to modernize them and make heating them a bit greener (most don’t have cavity walls) which means the insulation is a problem. So the reality is I can really only afford a property at 300k and hope that the extra 50-100k can bring. New builds may be well insulated but are too far out for my needs.
Sometimes I feel like I should have dropped out of school and just gone to work in a job below 36k so I could go on HAP and be happy out with less stress.
This is so easy to fix too… just jack up the tax on rental properties. I’m sorry, but being a landlord isn’t a profession that people should strive for and it adds absolutely zero value to society. Count on an Irish politician to actually fix a problem… good luck. The same people not fixing things will keep getting re-elected as well.
Give immigrants voting power and we’ll fix these problems. We’re already carrying the economy of this country, maybe we should be used to carry positive political change as well.
Same situation in the US my friend. Sucks
I put a bid of 195,000 on a 3 bedroom 1 bath 956 Sq ft ranch it sold for 220,000. Houses shouldn’t cost this much
That’s why we have a housing problem. They can but min price on drink ( making the addicted go more in debt) but can put a max rent price. It’s time something changes or we all just leave to Australia or Canada honestly 😂
Just go for a new build and you won’t have that problem, and you have the help to buy scheme.
So we started buying a property beginning of 2020 and due to covid and all the shit around it with appliances and stuff were able to sale after and move in middle of December 2020 and got the last thing in the property (kitchen) fitted 3 days before Christmas. My mortgage + life insurance is 500€. The same property in the estate is being rented out for between 1500 and 1800.
They should pass legislation when giving planning on estates that it can be only owner occupied properties or a 10%-20% cap. It’d help a small bit.