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 Post subject: Re: CBI - mortgage rules won't be changed.
PostPosted: Thu Oct 04, 2018 8:53 pm 
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Property Magnate

Joined: Oct 12, 2014
Posts: 632
Location: Dublin
FreeFallin wrote:
So much for the highly principled SD's. As 5hit as the rest of them

I think with Donnelly leaving, they took a turn more to the left.
The “Irish left” though... which I feel doesnt really represents working people - more protecting wealthy elderly, public sector conditions, and increasing the social in an era of full employment. And having the lowest property tax in the developed world!

Sorry - just a bit cranky tonight! :-GC


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 Post subject: Re: CBI - mortgage rules won't be changed.
PostPosted: Sat Oct 06, 2018 12:47 pm 
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Property Magnate

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https://m.independent.ie/business/budge ... 64695.html

“The whole deposit thing is scandalous too.”

No. No, it’s not.


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 Post subject: Re: CBI - mortgage rules won't be changed.
PostPosted: Sun Oct 07, 2018 12:51 pm 
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Under CAB Investigation
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FTBer wrote:
FreeFallin wrote:
So much for the highly principled SD's. As 5hit as the rest of them

I think with Donnelly leaving, they took a turn more to the left.
The “Irish left” though... which I feel doesnt really represents working people - more protecting wealthy elderly, public sector conditions, and increasing the social in an era of full employment. And having the lowest property tax in the developed world!

Sorry - just a bit cranky tonight! :-GC


Property tax is definitely left leaning.
There is no evidence that it is a root cause solution for Ireland's problems.

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 Post subject: Re: CBI - mortgage rules won't be changed.
PostPosted: Sun Oct 07, 2018 1:04 pm 
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Too Big to Fail

Joined: Aug 23, 2008
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Location: Bogtrotterland!
Property tax is really the only way of screwing some money out of those who have paid off their mortgages, the fact that it also screws some out of everyone else is just coincidental.

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 Post subject: Re: CBI - mortgage rules won't be changed.
PostPosted: Sun Oct 07, 2018 2:20 pm 
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dolanbaker wrote:
Property tax is really the only way of screwing some money out of those who have paid off their mortgages, the fact that it also screws some out of everyone else is just coincidental.


Replace TRS by with a property tax deduction from interest payments. Up to a certain level only of course.


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 Post subject: Re: CBI - mortgage rules won't be changed.
PostPosted: Sun Oct 07, 2018 9:24 pm 
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Property Magnate

Joined: Oct 12, 2014
Posts: 632
Location: Dublin
wii4miinow wrote:
FTBer wrote:
FreeFallin wrote:
So much for the highly principled SD's. As 5hit as the rest of them

I think with Donnelly leaving, they took a turn more to the left.
The “Irish left” though... which I feel doesnt really represents working people - more protecting wealthy elderly, public sector conditions, and increasing the social in an era of full employment. And having the lowest property tax in the developed world!

Sorry - just a bit cranky tonight! :-GC


Property tax is definitely left leaning.
There is no evidence that it is a root cause solution for Ireland's problems.

I totally agree that it’s left leaning in principle - but not the light-weight way that most Irish left leaning parties want to implement it!


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 Post subject: Re: CBI - mortgage rules won't be changed.
PostPosted: Wed Nov 28, 2018 6:19 pm 
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Posts: 10874
Latest CBI lending rules review leaves them unchanged:

https://www.rte.ie/news/2018/1128/10138 ... age_rules/

2018 review is available here:

https://www.centralbank.ie/financial-sy ... e-measures

There are the usual complaints from the usual quarters, but the fact is it has stopped the mortgage market going completely bonkers in the face of supply constraints.

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 Post subject: Re: CBI - mortgage rules won't be changed.
PostPosted: Fri Jan 04, 2019 2:59 pm 
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Holiday Home Owner

Joined: Sep 9, 2017
Posts: 336
Headline talks it up, but lending is still anaemic.
Quote:
Mortgage lending growth highest in 9 years - Central Bank

Mortgage lending recorded its highest growth rate since 2009 during the month of November, according to figures published by the Central Bank, continuing a trend of positive lending seen in recent months.
Net mortgage lending was €131 million in November, while annual growth was €964 million or 1.3%.


And Banks Balance sheets are still being nursed. Not that it's a bad thing, given where we came from, but 1.3% lending growth in the backdrop of the growth in tax revenues and house prices is constrictive, and shows that there are still serious concerns in the ECB, and the Bank ownerships about the true health of the Mortgage market.

Quote:
Banks held €12.3 billion more in household deposits than loans at the end of November. This means that Irish household deposits are net funders of the banking system, with an overall loan-to-deposit ratio of 0.88.
At the same time, total loans to households declined by 1.1% in the year to the end of November.
The Central Bank said consumer lending was €22 million in November, and new lending exceeded repayments by €233 million.



https://www.rte.ie/news/business/2019/0104/1020289-mortgage-lending-growth-highest-in-9-years/

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 Post subject: Re: CBI - mortgage rules won't be changed.
PostPosted: Fri Jan 04, 2019 10:33 pm 
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Neo Landlord

Joined: May 21, 2017
Posts: 214
A month-on-month drop in mortgage approvals in November - maybe seasonal, but it wasn't the case in 2016 and 2017.
https://www.irishtimes.com/business/fin ... -1.3747052

https://www.bpfi.ie/wp-content/uploads/ ... r-2018.pdf

Annually, the picture is brighter:
Quote:
4,102 approvals, valued at €896 million, means activity increased by 4.5 per cent in volume terms compared to November 2017 and increased 3.3 per cent in value.

Quote:
In the 12 months to the end of November there were almost 45,500 mortgage approvals valued at more than €10 billion


What pace of mortgage growth would be healthy at this stage? From the near-standstill in 2011-201, surely faster growth is needed now if renters are to become home-owners.


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