Property Porn

We may find the phrase "property ladder" becomes outlawed as most FTBs find themselves stuck on the bottom rung.
 
room305 said:
We may find the phrase "property ladder" becomes outlawed as most FTBs find themselves stuck on the bottom rung.
Presenters of property porn are to be denazified and then sent off to a show trial/ tribunal in Dublin castle which will go on for years and which will pick over their televisual misdeeds and wrongdoings.

On no account are they to be allowed to present anything ever again.

They can amuse us for free from Tribunalland .
 
2Pack said:
They can amuse us for free from Tribunalland .
I have just bought five investment holiday homes there. The estate agent said that they were a great deal and that I will make a bomb. Can somebody explain the terms "rent" and "capital appreciation" please. I don't really have a clue about anything. I'm writing this message with crayon because they don't allow us any sharp objects in this place... :(
 
ClubMan said:
I have just bought five investment holiday homes there. The estate agent said that they were a great deal and that I will make a bomb. Can somebody explain the terms "rent" and "capital appreciation" please. I don't really have a clue about anything. I'm writing this message with crayon because they don't allow us any sharp objects in this place... :(

I hope you went 40 year interest only! Its much cheaper that way! less per month!!
 
ClubMan said:
Somebody told me that I have to pay tax as well!!!! What a rip-off!!!!!
But think of the guaranteed rent and guaranteed capital appreciation:)
 
ClubMan said:
Somebody told me that I have to pay tax as well!!!! What a rip-off!!!!!

Only if you declare it -- sure who does? Isn't the government awash with money without us hard-working property speculators bumping up the coffers.

And you'll only have to declare it if you rent it out or sell it. With €40,000 in guaranteed capital appreciation every year, who'd be bothered renting for a measely €12,000 extra? And instead of selling, release your equity by increasing your interest only mortgage. You can't lose! Property Snakes'n'Ladders anyone?
 
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