Il mercato immobiliare irlandese è truccato a favore di coloro che ottengono regali dei genitori fino a € 100.000 – The Irish Times
https://www.irishtimes.com/your-money/2025/02/25/at-least-7-in-10-house-buyers-get-gifts-from-parents-often-six-figure-sums/
di WickerMan111
30 commenti
Buying things easier for people who have money, more at 11
Jesus, and here’s me thinking they were in the same position as the rest of us
the housing market is rigged in favour of anybody that owns a home ffs. its been the main policy objective of the government since 2012 to pump prices back to where they were in the boom.
Groundbreaking stuff
Great news
What about those who get gifts of greater than €100k
Can we find a way to tax that €100’000?
Pardon me, I mean is there a way Gov can take action on this issue?
Yeah, we know
A fair point – but it makes the whinging about Help to Buy and proposals to expand it a bit much.
Those do (to a degree) help somewhat level the playing field for all.
Inflation is a small issue for both circumstances given the price of houses.
I want higher inheritance tax for the record.
As it should be. Anyone’s parents who already paid 52% tax on what they earned should be allowed to do whatever they want with it. Anyone who has the mentality that woe is me, I’m hard done by because my parents didn’t gift me any money is more likely to never earn it themselves to be able to buy.
A good portion of a particular generation of completely average people made a fucking killing out of the Tiger pre-crash via their house value skyrocketing.
If they managed to keep hold of it they made more than enough in equity to give the kids a massive head start.
I’ve aunts and uncles who had normal jobs who’ve been able to give their children fat wedges to put down as a deposits.
And you can’t blame them. What else are they supposed to do?
This is so true, my parents gifted me €100,001 and it’s been so difficult to get on the property ladder
The money was already taxed. People are entitled to give money to other people. The enemy isn’t eachother, it’s still the corporate mogels buying up cities. This is a distraction
Money can be exchanged for goods and services
“Don’t give your kids money to help them, just buy more properties and go to lanzerote more often”
When I was house shopping it did feel like I was competing with family trees and not individuals
Ok, so parents who have 100k to gift to a child, most likely dont just have that sitting in their accounts, so they might be remortgaging or getting a living mortgage on their own home.
So borrowing from the bank off their own home to give their kids money to buy an overpriced home with massive debt from the same bank.
If only there was a way that we could use the tax system to make intergenerational wealth and inherited wealth less of an issue in terms of fairness…
Instead, we have no wealth tax, an inheritance tax that only affects 3% of people due to high exemptions, and the 2nd highest wealth inequality in Europe…
I wouldn’t listen to this. Only thing the Irish housing market is rigged toward is towards people who own multiple homes. Sure they’re likely giving their kids money but let’s not pretend it’s the kids fault for availing of it, this is division
Just bought a house with no financial help. Saved hard for a few years, threw a wedding into the mix. It can be done.
This is literally the stupidest thing I’ve seen on the Internet this week.
In other news.
You work hard to earn enough money buy a property.
You can now use your money that you worked hard for to help out your kids.
Who’d have thunk it.
What’s their next amazing journalistic scoop?
Irish property market is rigged in favour of married couples with both having a job – The Irish Times
Isn’t every economic issue rigged in favor of those who have wealthy parents?
I don’t think it’s rigged in favor of those people. I think it’s more like those people who have access to that money are willing to buy houses and since there is such a limited supply of housing, the price of housing is going up to the point where only people with access to that sort of money can buy a house.
Breaking news once again
Parents giving money to their children ?! That’s disgraceful. They should be taking it with them to heaven
The State competes with first time buyers more than anything else.
No shit.