If the government is doing everything they can to keep house prices up, how will they ever go down again?
Massive-Foot-5962 on
Its such a stupid idea.
Jolly-Feature-6618 on
can we see the stats instead of silly headlines ffs
Cultural-Action5961 on
This seems dumb. More a sign the bands need to move up than anything.
Maybe they could enforce the vacant property tax rules, and start looking into vacant commercial units.
But I guess that might increase supply and reduce costs a bit.
Important-Sea-7596 on
Don’t shoot me, but why is r/ireland so keen to raise taxes? In this case property but in general ye seem to want to pay more tax.
PurchaseTemporary246 on
Does a tax freeze not just postpone an inevitable deluge? If you artificially halt the direction of the market then it’s just going to plummet in that direction as soon as you lift the control you put in place (asked the one who knows very little, but would like to open a dialogue).
Potato_Mc_Whiskey on
They should let it go up, we need downward pressure on the value of homes and property tax is extremely progressive from a wealth perspective.
AdmiralRaspberry on
Would someone save the poor property owners …
sureyouknowurself on
Abolish it.
BackInATracksuit on
The FFG mind:
Property tax freeze = totally rational, Paschal is a genius.
Rent freeze = literal communism, will destroy society.
daenaethra on
good. i pay way too much tax already
ghostofgralton on
Looking after their own voter base
FatHomey on
A lot of people already undervalue their homes to pay as little property tax as possible
stbrigidiscross on
This is par for the course with property tax, since it was introduced in 2013 it’s only been revalued once. It would be stranger if they weren’t kicking the can down the road.
Affectionate_Gain_87 on
Don’t worry, Your friendly local council will increase it for you anyway.
daveirl on
Don’t know why people are blaming FF/FG. PBP want to get rid of property tax! Property taxes and water charges are incredible unpopular in Ireland, fairly normal in most of Europe though…
Willing-Departure115 on
The property tax is an unusual one in Ireland – it’s a pretty effective wealth tax (you pay €225 if your house is worth €262k, you pay €5,440 if your house is worth €2.62m, i.e., 24x the property tax for a house worth 10x the price) that left wing parties and right wing parties both dislike.
No tax is popular. But, the idea when it was introduced (at the behest of the people bailing us out) was to help broaden the tax base after having a very narrow one helped f*** us (hard) in the last recession. What have we done since the Troika left? Constantly refused to raise the tax in line with rising wealth, on basically anyone. Sinn Fein’s manifesto last November proposed abolishing it. FFFG keep kicking the can of revaluation down the road. If we went into a bailout in the morning, a new Troika would be like “WTF?! Didn’t you learn?”
Again, no tax is popular. There are reasons to have carve outs. But the entire political spectrum in Ireland seems to live in this world of “Don’t tax me, don’t tax you, tax that man over there behind that tree.”
17 commenti
If the government is doing everything they can to keep house prices up, how will they ever go down again?
Its such a stupid idea.
can we see the stats instead of silly headlines ffs
This seems dumb. More a sign the bands need to move up than anything.
Maybe they could enforce the vacant property tax rules, and start looking into vacant commercial units.
But I guess that might increase supply and reduce costs a bit.
Don’t shoot me, but why is r/ireland so keen to raise taxes? In this case property but in general ye seem to want to pay more tax.
Does a tax freeze not just postpone an inevitable deluge? If you artificially halt the direction of the market then it’s just going to plummet in that direction as soon as you lift the control you put in place (asked the one who knows very little, but would like to open a dialogue).
They should let it go up, we need downward pressure on the value of homes and property tax is extremely progressive from a wealth perspective.
Would someone save the poor property owners …
Abolish it.
The FFG mind:
Property tax freeze = totally rational, Paschal is a genius.
Rent freeze = literal communism, will destroy society.
good. i pay way too much tax already
Looking after their own voter base
A lot of people already undervalue their homes to pay as little property tax as possible
This is par for the course with property tax, since it was introduced in 2013 it’s only been revalued once. It would be stranger if they weren’t kicking the can down the road.
Don’t worry, Your friendly local council will increase it for you anyway.
Don’t know why people are blaming FF/FG. PBP want to get rid of property tax! Property taxes and water charges are incredible unpopular in Ireland, fairly normal in most of Europe though…
The property tax is an unusual one in Ireland – it’s a pretty effective wealth tax (you pay €225 if your house is worth €262k, you pay €5,440 if your house is worth €2.62m, i.e., 24x the property tax for a house worth 10x the price) that left wing parties and right wing parties both dislike.
No tax is popular. But, the idea when it was introduced (at the behest of the people bailing us out) was to help broaden the tax base after having a very narrow one helped f*** us (hard) in the last recession. What have we done since the Troika left? Constantly refused to raise the tax in line with rising wealth, on basically anyone. Sinn Fein’s manifesto last November proposed abolishing it. FFFG keep kicking the can of revaluation down the road. If we went into a bailout in the morning, a new Troika would be like “WTF?! Didn’t you learn?”
Again, no tax is popular. There are reasons to have carve outs. But the entire political spectrum in Ireland seems to live in this world of “Don’t tax me, don’t tax you, tax that man over there behind that tree.”