Value Based Property tax on the way (91)

In 2008 a European law should of been followed up in regards to a Building Energy Rating (BER) on every property in Ireland .

This BER submits the size of a property and the energy efficiency and carbon footprint of a property and was a way of possibly introducing and incentivicing people to reduce energy costs by working on a scale of how efficient the said property performed . A well insulated and low carbon house would have a much lower annual tax than a house who has single glazed windows , no attic insulation and an open fire.

Needless to say this still hasnt been followed up...

Water charges will be charged bi-fold , Firstly for treated water going in and then a 80% charge for waste going out requiring treatment.

But the easier option for now to play catch up is for a general rate on the value of a property and at least this will keep the auctioneers busy for a while.....

The way things are going most people won't be able to give their houses away in a few years, so onerous will be the charges and taxes. Prices may have fallen about 50% from the peak and yes, 75% would be the normal drop from a peak, based on history but I think 2007 values were so overinflated that an 85% drop would be more in order. Now add in unemployement, over-supply, emigration, taxes and charges, rise in cost of living and a depression that will last at least 10 more years and like I say some people may be doing well to give their houses away.

You are just trolling now.! Do Middle Income (class is very 19th century!) kids not get into trouble? People need to be housed and having a mix of incomes and background in an area is the best way forward. If we throw all the low income people together you create slums and that in its self creates more problems.




Yes. House Prices will. Houses that are central in Dublin are selling well. My sister recently sold a 4 bedroom house within 5km of Dublin City Centre. It was only on the market a couple of weeks and she got considerably more than her asking price. The esatae agent advised her that certain properties are still very desireable (central family homes) and it was mainly the apartment market keeping average propert prices low now.

Inconsistency? Bad choices?
How is getting a mortgage that you can easily afford a bad choice? Those people did not have crystal balls. They didn't know the economy was going to collapse!!! Did you!!! They thought they had secure jobs and if one of them did lose their job they would get another one quick enough!

How were they to forsee the worst worldwide recession since the 30's and the worst financial crises Ireland has seen? How were they to know unemployment would jump from about 5% to 14%??
Any of us could lose our job and find it difficult to get another one. Of course it will be difficult to pay bills and the mortgage then!

As for savers well if your money is gone its gone. There is a big difference between letting a family live in a house they have pumped lots of money into and if they were thrown out it would cost the government money to house them and giving people back money for bad investments. The people in the houses will eventually get back to work and start to pay off their debts. A bad investment is just that!

I just said I would not be happy. It would be like blood money in my opinion. I would not want anything to do with it. I am not in the business of personally profiting from other peoples bad fortune.

if all social housing tenants had troublesome offspring surely crime rates in certain areas would be at 100%..which it isnt..many good people are on these lists..

and many more will be if the banks repo houses in "midde class" areas..

once they take the house..ur talking another 600-900 a month roughly being taken from the coffers to pay a private landlords mortgage in a "middle class" area..

in fact do u know the figures of tenants in "middle class " areas who are on the social housing list and already living within these areas quite effectively..rent to landlord..rent to council..same diff they still live there.

He is talking crap. As you say recent developments by law had to have a % of social housing when they were built.

Also if the banks started repossessing property that were way behind on their mortgage then they would have to repo over 10% of Irelands homes. Imaginae the government having to provide shelter or housing for all those people. The amount of money and chaos it would cause.

Also a lot of the loans Nama bought from the Bnaks are housing estates around Ireland. If 10% of all properties came on the market and forced the value of those properties down then the assests NAMA hold would be worthless! It would be totally counter productive for the banks to start re possessing houses in large numbers. The banks know this, the government knows this...in fact anyone with half a brain cell can see it.

i agree..class is crass way of defining a babys future..

yeah we are born to parents and within a type...but that should not limit us to what we can become..and im glad to say ive known many people who smashed all expectations of them due to their "class" to pieces.

I have met low earners who were snobs. They considered themselves above everyone as they thought they were more intelligent, better looking or whatever. And I have met people who earned huge money who were so down to earth and nice it was unbelieveable. What you earn, where you live and your background does not make you any better or worse than the next person. It's how you treat and relate to others that really matters. Sound corny but so true.