Financial advice

Not a stupid question flatty. Unfortunately, selling now will not give us enough money for a deposit. If it did I would do it in a flash. Our hope is that a couple of years of saving added to a hopefully bigger bit of cash from the house sale would make the difference.

Plenty of people have been kind of forced into a second home. If your first buy was an apartment bought between 05and 08 you’ll be sitting on serious negative equity. Selling that up takes a fucking huge hit. So you rent it and at least someone else pays off most of your mortgage. I think most of these people would love to get out of it to be honest.

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Its an English speaking world thing. That and you have no rights as a renter

in Paris most rent so it most be an english speaking thing.

:rollseyes:

Ta rocko , but I won’t be going near cheap scotch lager.

I see your logic there alright. I’d figured with all the good economic news on Rte 24/7 that the negative equity must have worked it’s way out.
That’s a tough enough position.
Fwiw, I’d stay in fingal.
I suppose I’m still a bit jaundiced by the tiger years, where people were camping out to buy flats off the plans in oranmore, and it seemed I barely knew anyone who had only one house or none.
I rented til I was 33. I could fit everything I owned into a car boot until then.

Probably because his family and work is here.

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Never stopped us buying up those Bulgarian apartments

Boom

Right lads. I’ve to rent out my gaff again. The tenants left after whopper fights with the neighbours. Should I rent it to the council on the RAS scheme or go private? RAS scheme means guaranteed rent but there is a chance they move some scumbags into your gaff. Private means less chance of scumbags but more chance of someone stiffing you on rent and they could still wreck your gaff.

Do you have to commit for 5 or 10 years with RAS?

If it’s a nice place I wouldn’t. Do they pay market rent or a discount for them guaranteeing it?

don’t forget that if you go RAS, you need to be tax compliant. A large chunk of the rent will go on tax

Depends how big your mortgage is. Potentially none of it will be taxed if you had a big mortgage

You’ve to commit for 5 years but have the same rights as any landlord as in you can give notice if you want to sell or move in. Rent would be set at a decent rate not far off market rate.

I’m tax compliant. It’s fucking killing me. But I’m awaiting news on that front soon so hopefully it won’t be too bad in the future. The tax bill on it last year was about 2g

Oh I know, just presumed with Juhy that a large chunk of the mortgage would be paid or he’d be on a tracker

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He seems like a shrewd bastard alright. Plenty other ways to reduce the tax bill anyway. The man is self employed he knows all the tricks

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The hatred of the working class is oozing of this post by Lower Malahides favourite champagne socialist

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A property management guy tried to convince us to go with that but I would want a say in whose going to live in my house, if the neighbours are having problems who do they come knocking on?