As a foreigner who has made Ireland his permanent home, it would put buying out of reach forever. Barely made it as it is. This kind of “our people first” thinking is common in Singapore, but let’s not start doing that here, please.
The stamp duty for entities I can get on board with, though.
Also, this would be labeled racist in any Western country…
This would be against EU law and also considered racist/xenophobic here.
I don’t think you know what equitable means.
Some one might clarify this for me but isn’t most of Sinapore’s housing stock public owned? The private stock that these rates affect are only something like 20%.
Singapore also has a mad thing where their only casino is free for foreigners to enter, but if a Singaporean citizen wants to come in, then it’s $S200.
As other posters have pointed out, it’s racist / xenophobic and prevented under EU legislation.
Also in practical terms, where do you think your healthcare staff and tech investment will come from if you actively discriminate against them?
By ‘something this equitable’, you meaning blatant racism?
There are many more avenues that we could take to make things better.
Eg. Any repossessed house by a bank by law must be sold to a first-time buyer.
Equitable? You use words that you don’t understand.
People often hold up Singapore as “how Ireland should be” without also saying how Singapore is also a dictatorship. We’ve got our problems, but Singapore isn’t the solution.
Those stamp duty rates are absolutely disgusting, what a terrible recommendation.
This post hurts my head.
I lived in Singapore for 7 years. It balances out, every country has suckiness levels. You want to own a car there? You need a Certificate of Entitlement and register fees depending on car could be 70k+SGD with other fees. Public transport is amazing though.
Singaporeans often have to work odd jobs well into their 80s due to the pension scheme being atrocious. Sad to see.
Cost of living is very high in general with rental for apartments even higher than here! Local food courts are amazing and quite cheap though.
As an expat the “benevolent dictatorship” government doesn’t really affect you.
tldr: I miss Singapore 🙁
Stamp duty hasn’t fixed any problems and won’t in the future
‘Equitable’🤣🤣🤣 …. They are literally taxing people based on their nationality lol this sub
No chance I would support this. You cannot limit home buying only to Irish nationals, as many international people live here and have the same issue buying homes
Had friends outbid by a cash buyer. Turned out to be a vulture fund. The state paying them for 20 years to house people.
Weaponizing your own taxes against you.
The nanny state in this country needs to go to hell.
Scam of a country.
FYI a Honda Civic in Singapore starts at 163,999 SDG (€115k)
This has no effect on the people who can actually afford things.
Ireland don’t do equity.
FFG don’t want it, it would get in the way of their permanent housing crisis forever driving up the house value for their base so they won’t ever do anything concrete to interfere with that.
All very nice except it’s nigh impossible to buy a gaff of any sort in Singapore. Source: work with a guy from Singapore. Everybody rents over there for life and the quality of renting stock is very good and is refurbished every few years. Also it’s easy to have a consistent policy when you have the same party in control every election
Try living there, very racist society , they treat others from poorer neighbours as dirt (look up foreign domestic worker) , not a place we should try emulate.
Is this another post arguing that we should tax rental property so much that we have even less rental property than the paltry amount we have now?
If there was no stamp duty on houses the houses would still be as expensive. At least in boom times.
23 comments
As a foreigner who has made Ireland his permanent home, it would put buying out of reach forever. Barely made it as it is. This kind of “our people first” thinking is common in Singapore, but let’s not start doing that here, please.
The stamp duty for entities I can get on board with, though.
Also, this would be labeled racist in any Western country…
This would be against EU law and also considered racist/xenophobic here.
I don’t think you know what equitable means.
Some one might clarify this for me but isn’t most of Sinapore’s housing stock public owned? The private stock that these rates affect are only something like 20%.
Singapore also has a mad thing where their only casino is free for foreigners to enter, but if a Singaporean citizen wants to come in, then it’s $S200.
As other posters have pointed out, it’s racist / xenophobic and prevented under EU legislation.
Also in practical terms, where do you think your healthcare staff and tech investment will come from if you actively discriminate against them?
By ‘something this equitable’, you meaning blatant racism?
There are many more avenues that we could take to make things better.
Eg. Any repossessed house by a bank by law must be sold to a first-time buyer.
Equitable? You use words that you don’t understand.
People often hold up Singapore as “how Ireland should be” without also saying how Singapore is also a dictatorship. We’ve got our problems, but Singapore isn’t the solution.
Those stamp duty rates are absolutely disgusting, what a terrible recommendation.
This post hurts my head.
I lived in Singapore for 7 years. It balances out, every country has suckiness levels. You want to own a car there? You need a Certificate of Entitlement and register fees depending on car could be 70k+SGD with other fees. Public transport is amazing though.
Singaporeans often have to work odd jobs well into their 80s due to the pension scheme being atrocious. Sad to see.
Cost of living is very high in general with rental for apartments even higher than here! Local food courts are amazing and quite cheap though.
As an expat the “benevolent dictatorship” government doesn’t really affect you.
tldr: I miss Singapore 🙁
Stamp duty hasn’t fixed any problems and won’t in the future
‘Equitable’🤣🤣🤣 …. They are literally taxing people based on their nationality lol this sub
No chance I would support this. You cannot limit home buying only to Irish nationals, as many international people live here and have the same issue buying homes
Had friends outbid by a cash buyer. Turned out to be a vulture fund. The state paying them for 20 years to house people.
Weaponizing your own taxes against you.
The nanny state in this country needs to go to hell.
Scam of a country.
FYI a Honda Civic in Singapore starts at 163,999 SDG (€115k)
This has no effect on the people who can actually afford things.
Ireland don’t do equity.
FFG don’t want it, it would get in the way of their permanent housing crisis forever driving up the house value for their base so they won’t ever do anything concrete to interfere with that.
All very nice except it’s nigh impossible to buy a gaff of any sort in Singapore. Source: work with a guy from Singapore. Everybody rents over there for life and the quality of renting stock is very good and is refurbished every few years. Also it’s easy to have a consistent policy when you have the same party in control every election
Try living there, very racist society , they treat others from poorer neighbours as dirt (look up foreign domestic worker) , not a place we should try emulate.
Is this another post arguing that we should tax rental property so much that we have even less rental property than the paltry amount we have now?
If there was no stamp duty on houses the houses would still be as expensive. At least in boom times.