In fairness tadgh there are not too many citizens who don't have a roof over their heads.here is a public and ethical aspect to housing and the rights of all citizens to have a roof over their head.
Of course said fact has not escaped the attention of other governments (EU and US), and they are looking to close those tax loopholes. Not to mention other countries copping on to what we did and doing it themselves.That I very much doubt - presumably Intel, in common with any other US multinational based here use Ireland to book all (or virtually all) of their EU profits, thus saving billions in tax.
Well in fairness why should anyone have to rent when there are 275,000 homes sitting empty around the country, not even rented? Property speculation should be discouraged in the strongest terms; it removes a basic human need in order to line the pockets of a few people. Like cornering the market in a particular kind of medicine.In fairness tadgh there are not too many citizens who don't have a roof over their heads.
Certainly the general sentiment on this thread is that there are more than enough vacancies in the rental market to ensure all citizens have the opportunity to have a roof over their heads.
From the Irish Independent today:
"Sell, sell, sell, estate agents tell property investors"
http://www.unison.ie/irish_independent/stories.php3?ca=9&si=1682160&issue_id=14600
"With rising interest rates and concerns that the property market may finally be beginning to slow, some investors are opting out of the market. "
...it's refreshing to see articles that reflect a realistic state of market.
when I mentioned to 2 EA relatives of mine that I was planning on selling my invest property I was expecting the usual 'are you mad? don't ever sell property' response.
I wonder are the incredible amount of bearish reports coming from the Irish Independent a sly dig at the Irish Times, who are now wedded to the property market?
Call me crazy, but they quote one nameless property investor. Are they lifting the quote directly from this thread?!
http://www.askaboutmoney.com/showthread.php?p=269023
Edited to add quote:
Irish indo article:
[FONT=Verdana, Arial]'...relatives who work as estate agents advised him to sell. "I was expecting the usual 'Are you mad? Don't ever sell property' response," he said.'[/FONT]
I'm not crazy! Compare! They're lifting the news from this thread...
Of course said fact has not escaped the attention of other governments (EU and US), and they are looking to close those tax loopholes.
The Irish Times seems to have adopted a 'head resolutely buried in the sand approach' lifting its head occasionally to utter some panglossian, Goldilocks gibberish. So comparing the Indo's coverage to the IT's makes the Indo seem uber bearish I guess.
The cheeky beggars!!
In order tro do so they must repudiate tax treaties. This is permissible however only after 5 years notice is given which has not happened yet .
See article 30 of the USA-Ireland Tax treaty for example.
http://www.unclefed.com/ForTaxProfs/Treaties/ireland.pdf
Therefore these articles are not so much an indictment on the property market, rather an indictment of the low level of journalism!!
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