The Action Plan for Housing.

[Pooman]

How long is the queue of landlords to buy it?
Silly boy..

Did I say there was? You should read posts , my issue has been that you are using inaccurate facts to support your argument. You'll fit in well here with the spinners. The people who like to use facts will just end up ignoring you.

 

[Pooman]

Back to school for you I’d say..
You are making a very basic error, confusing a landlord making a buy to let investment with casino style property speculation..
you are a Celtic Tiger boy it seems.. and you don’t seem to grasp in this market that a house bought today for this €350k will more likely be worth €300k next year than €350k… unless “we are different” to the rest of the western monetary system and “the fundamentals of our property market are solid” etc etc Tiger roars

FYI when it comes to investment appraisals ROI does not include capital appreciation. Neither does EBITDA. But you are!
IAS 40 rules are that a property held for the purposes of sale is not an investment.

My response to the original posters question about buying a rental in Cork from inherited money is reasoned and sound and stands up to examination..
Unless you tell me I should be using the rent from an apartment off Central Park NYC

Further embarrassment for you. Doubling down on the property depreciates mantra. Property is for the most part a long-term investment. What happens to property in the long-term? It increases in value. What is that called? Capital appreciation. You really should ask someone about the fundamentals, you don't seem to get them.

 

[JimmyBarrySmurph]

Almost

Further embarrassment for you. Doubling down on the property depreciates mantra. Property is for the most part a long-term investment. What happens to property in the long-term? It increases in value. What is that called? Capital appreciation. You really should ask someone about the fundamentals, you don't seem to get them.

Almost Half the property on the market currently is landlords trying to sell up.. 2022 was the worst year of record for property rental agencies some reported losing 10% of their stock.

But you think the tens of thousands of landlords selling up are wrong and don’t know what they are doing!

The reasons they are selling according to the RTB recent report.

Why landlords say they are selling up – % of responses​

• No longer wish to be a landlord – 48
• Taxation is too high on rental income – 45
• Being a landlord is not profitable – 43
• The regulatory environment – 36
• Too much time needed in managing properties – 22

Source: RTB landlord survey, November 2022

You seem so sure you are right and everyone else is wrong. You should buy the house for €340k.. put your own money where your mouth is..
Sell it in 5 years and post a copy of the cash account for the entire 5 years.

 

[JimmyBarrySmurph]

The Paper of Record

 

[Pooman]

Almost

Almost Half the property on the market currently is landlords trying to sell up.. 2022 was the worst year of record for property rental agencies some reported losing 10% of their stock.

But you think the tens of thousands of landlords selling up are wrong and don’t know what they are doing!

The reasons they are selling according to the RTB recent report.

Why landlords say they are selling up – % of responses​

• No longer wish to be a landlord – 48
• Taxation is too high on rental income – 45
• Being a landlord is not profitable – 43
• The regulatory environment – 36
• Too much time needed in managing properties – 22

Source: RTB landlord survey, November 2022

You seem so sure you are right and everyone else is wrong. You should buy the house for €340k.. put your own money where your mouth is..
Sell it in 5 years and post a copy of the cash account for the entire 5 years.

Can you point out to me where I said it was a good/neutral time to be a landlord? You won't be able to because I didn't. In fact I actually said you had a strong case but were only weakening it by using inaccurate information. I keep pointing this out to you but you keep deflecting.
The information you used was inaccurate and your assertions about capital appreciation were unbelievably stupid.
You clearly want the last word (are you Stacky's brother??) so work away, I promise not to respond to your next post
Enjoy the rest of your day.

 

[JimmyBarrySmurph]

Can you point out to me where I said it was a good/neutral time to be a landlord? You won't be able to because I didn't. In fact I actually said you had a strong case but were only weakening it by using inaccurate information. I keep pointing this out to you but you keep deflecting.
The information you used was inaccurate and your assertions about capital appreciation were unbelievably stupid.
You clearly want the last word (are you Stacky's brother??) so work away, I promise not to respond to your next post
Enjoy the rest of your day.

You haven’t pointed out any inaccurate information. In fact other posters have even told you so..
You are confused between an asset and an investment for yield.. it’s obvious you know very little about investment or property..

To help you with school tomorrow I’ll try one more time
buy to let property is yielding net 1-2%. It’s less than inflation.. you are losing money/wealth

As an asset it’s dropping in value.. it’s a depreciating asset.. with that period of depreciation likely to last several years..

The asset you are discussing is marketing at €340k. It’s yields 1-2%
10 years ago that asset was worth ~ €185k-€210k.
However, The yield was much higher then, 8-12%, less rent but under totally different tax rules and letting regulations.

It’s illogical to spend 375k on any investment that will return 1-2% whose asset value will also drop for years to come..

Keep digging that septic tank for yourself Pooman..

 

[Gregory_Mike]

You haven’t pointed out any inaccurate information. In fact other posters have even told you so..
You are confused between an asset and an investment for yield.. it’s obvious you know very little about investment or property..

To help you with school tomorrow I’ll try one more time
buy to let property is yielding net 1-2%. It’s less than inflation.. you are losing money/wealth

As an asset it’s dropping in value.. it’s a depreciating asset.. with that period of depreciation likely to last several years..

The asset you are discussing is marketing at €340k. It’s yields 1-2%
10 years ago that asset was worth ~ €185k-€210k.
However, The yield was much higher then, 8-12%, less rent but under totally different tax rules and letting regulations.

It’s illogical to spend 375k on any investment that will return 1-2% whose asset value will also drop for years to come..

Keep digging that septic tank for yourself Pooman..

Instead of spending 340K to be Pooman's next door neighbour, where surely the house will plummet in value, once word gets out about who's living next door..... If a fella had 340 grand sitting under the mattress, what would you do with it?

 

[The High King]

I've been watching alot of Adam Curtis documentaries recently. The great British Housing Disaster springs to mind as a possible cautionary tale.
Funny how the past can be both a different country yet also tends to repeat itself.

 

[Donald Trump]

503 adults homeless in Cork before Christmas.

But why be outraged at it?

Be outraged about brexit and the tories instead.

 

[Meridian]

503 adults homeless in Cork before Christmas.

But why be outraged at it?

Be outraged about brexit and the tories instead.

Do you have a break down of those numbers please because I was listening to the National break down recently and over half at least, of the numbers were immigrants.