Author Topic: Evictions in Ireland (Read 3041 times)

John Grace · « **Reply #10 on:** August 29, 2012, 07:57:32 AM »

There is probably a need for a specific thread on the property tax but this article shows how there is opposition.It's more realistic to ask will a property tax be in place " by the middle of next year". I can't see the so called Irish government being in power by the middle of next year. It took Fianna Fail decades to become unpopular. The current crowd of Fine Gael/Labour are in much trouble.Their coalition government is cracking each day. They became unpopular in just over a year in government.

http://www.irishtimes.com/newspaper/ireland/2012/0829/1224323180974.html

Quote

Head of auctioneering body warns against property tax

JOANNE HUNT

THE NEWS that a valuation-based property tax is set to be in place by the middle of next year was met with a mixed reaction yesterday.

Liam O’Donnell, president of the Institute of Professional Auctioneers and Valuers, described the introduction of a property tax at this juncture as “absolutely crazy”.

“Undoubtedly it will cause problems. It will certainly affect the recovery of the property market,” he said.

Mr O’Donnell, whose organisation represents 900 auctioneers and valuers in the Republic, said: “We have people in negative equity and people struggling to pay mortgages. It just can’t be right to consider levying these people with an additional tax.”

Describing the tax as “selective”, he said: “It’s taxing only the people who have gone to the trouble of buying and arranging mortgages. They probably have families and have spent on education . . . There is so much coming down the track with water charges, another tax is not going to help anybody. It’s certainly not going to help the property market.”

Roland O’Connell, president of the Society of Chartered Surveyors Ireland, said his organisation “could see the sense and fairness of having a residential property tax in lieu of stamp duty”.

He said compared with stamp duty a property tax was “relatively predictable, stable and fair, which we believe is better for everybody”.

He said the fairest way to levy the tax “might turn out to be a combination of methods, such as 50 per cent to size and 50 per cent to value”.

He said exemptions would have to be made for the elderly and those on lower incomes.

“In principle we agree with this tax in lieu of stamp duty if it’s fairly applied,” he said.

Age Action Ireland said any property tax would “render meaningless the sacrifice of low- and medium-income families who have scrimped to buy homes to pass on to their families while paying very high income tax”.

In a statement, the organisation said to avoid hardship among low-income families any tax should be based on income rather than value “to allow for people whose home has acquired a high market value that does not reflect their income or ability to pay”.

It called for the percentage value the Government is allowed charge against a property to be capped.

It said that this had to be done to protect the property of older people potentially having three charges levied against it: the property tax, the Fair Deal scheme and the proposed community care charge.

John Grace · « **Reply #11 on:** August 29, 2012, 08:08:53 AM »

Phil Hogan is the government minister responsible for the "household charge".

Here he is running in the back door away from the people in Glenties

Phil Hogan

His political party Fine Gael "muzzled" him during the campaign on the Fiscal Union Treaty/EU. He isn't taken seriously and has become the gombeen figure of Irish politics.

Tiffany · « **Reply #12 on:** August 29, 2012, 08:36:37 AM »

John Grace thank for the info, I look forward to watching those videos.

ggreg · « **Reply #13 on:** August 29, 2012, 10:19:40 AM »

Extreme cases make bad laws.

It was obvious that property prices in Ireland were massively over-inflated. Ireland has for hundreds of years been a poor country with little work, bad weather and poor transport links to the rest of Europe. Why should it become the new French Riviera with property fetching more on the outskirts of Dublin than London (a city of enormous trade and commercial importance).

If you screw with the market and have a debt jubilee you're only stealing from the next generation of young people who have to buy their first house by keeping the prices artificially high. I know from my own family members that younger people are getting married later and later simply because they cannot afford housing. That will have a detrimental effect on society.

The just solution is to have a free market for housing and tax second homes and buy-to-let landlords heavily, plus build enough homes so that they are affordable. A three bedroom house should in justice cost about 3-5 years of your gross wages. Have strict lending and borrowing criteria to buffer price rises. Houses are people's homes not some speculative instrument. People have a right to houses, food and the basic necessities of life.

As for negative equity, you're unlikely to ever face that if you've been prudent and saved up a 20-30% deposit. If you have no deposit and have bought the house with borrowed money or have bought at the top of the market which has dropped 40% or more then you've been fiscally imprudent.

House price crashes come and go every decade or so.

We're in a funny money system and you have to prudently deal with that reality. Houses are overpriced but a Catholic man working hard from 20 years old and saving $10,000 per year (which is doable) can have a £50,000 deposit by the time he is 25. That is a healthy deposit on a $200k house which will get you something in most parts of the civilised world.

If that is what is required, then that is what you have to do. People in China work objectively far harder just to stay fed.

Belloc · « **Reply #14 on:** August 29, 2012, 10:33:15 AM »

I get a loto f investment updates on fire sales in Ireland.....is some ways, good for the investor or buyer, but one cannot-if one hasa good formed Catholic conscience, be sad too, as this means some are ruined financially and that includes families now close to or at poverty.....thanks to poor leadership in Ireland, the EU and the push/lies to make materialists out of us all......plenty of blame to go around,, no real solutions coming forward.

talked to a guy ths weekend, age 60, retired builder and dentist....lives in Donegal, born in N. ireland.....he tells me teh situation and that taxes so bad in Ireland, he switched his citizenship to N. Ireland, where taxes are a lot less.
Plus a general feeling of malaise and "we cant do nothing about nothing" mentality..he feels, in part due to long slavery of the Irish to Britian.....a keep the head down, dont try anything mentality.......he found this when he started his side career as a builder in the 90's....also, noted that the Irish became very rich, successul and hence turned from the Fide, too big for brithces is how he states and too smug.....

Deut Ch. 8