Bad beat/Moaning/Venting thread - BabyforV

[Dice75]

Take your pick:

http://www.daft.ie/dublin-city/houses-for-sale/dublin-8/?s%5Bmnb%5D=2&s%5Bmxb%5D=2&s%5Bpt_id%5D=2&s%5Barea_type%5D=on&s%5Badvanced%5D=1

http://www.daft.ie/dublin-city/house...s%5Bpt_id%5D=1

Maybe not everyone loves D8 as much as you Andy

[Zod]

Maybe not everyone loves D8 as much as you Andy

It's the new Krezberg, remember.

[CHDad]

Five Guys burgers and fries are coming to Ireland.

Is this a good thing?

[eoghan104]

This is the exact apartment I am living in. It's up for 395k. Insanity.

http://www.daft.ie/sales/70-forbes-quay-lazer-lane-grand-canal-dock-dublin/1020687/

[thechamp87]

At your marginal rate i.e. 20% or 40% depending on your other taxable income, plus USC and PRSI.

So for the majority of investment property owners either 51% or 52% of rental profits.

So if I knew a family member who owned a property in Dublin with no mortgage or loan that they could rent for ~1,400pm, they'd be paying 50%+ tax on that? So they and I would be better off if I rented it for cash somewhere in the middle?

Inchicore or some other shithole though

Lol, this.

[Dice75]

This is the exact apartment I am living in. It's up for 395k. Insanity.

http://www.daft.ie/sales/70-forbes-q...ublin/1020687/

Bet your toilet gives trouble flushing

[Tar.Aldarion]

I want whatever kennedy wilson is offering, and fuck not living near the centre of a city, life is too short indeed. I walk in and out of town most evenings, even a bit further out involves buses, driving etc.

I see the trouble some people have in getting home, in coming into town to do anything without planning around it, for a meal or whatever, and I would hate that. Different strokes I suppose, a lot of poeple I work with commute in to have their place in the coountry side. However having grown up tehre I have enough of it until I'm an old wo/man in my 30s or 40s

[eoghan104]

Bet your toilet gives trouble flushing

Correct, I thought that was a me problem though!

[Dice75]

Correct, I thought that was a me problem though!

Nah, there's a part in them that fails every 5-7 years & needs replacing.

Surprisingly there are 16,000 of those yokes dotted around the country & guess who the only person is who can supply said part

[Theresa]

Five Guys burgers and fries are coming to Ireland.

Is this a good thing?

Its a good Eddie Rockets.

[Hitchhiker's Guide To...]

...

[eamonhonda]

Its a good Eddie Rockets.

It's much much better tbf

[DeadParrot]

honeymoon stop in vegas
the Wynn, The V, Bellagio, A.N other?

Not crazy baller but nice enough

[bohsman]

honeymoon stop in vegas
the Wynn, The V, Bellagio, A.N other?

Not crazy baller but nice enough

Wynn. Cosmo, Aria worth a look as well maybe. A friend raved about Wynn for his honeymoon.

[Denny Crane]

Five Guys burgers and fries are coming to Ireland.

Is this a good thing?

There's a really good AMA thread by a franchisee in the BFI forum on 2p2.

[AndyFatBastard]

Just saw that you never said D2 also so apologies!

Yeah was wondering where you got that from!

[ionapaul]

This is the exact apartment I am living in. It's up for 395k. Insanity.

http://www.daft.ie/sales/70-forbes-q...ublin/1020687/

We must live 30 seconds apart, at least when you step outside your apartment building's front door! Won't be living there once we buy a place though, going to the suburbs...

[Dice75]

We must live 30 seconds apart, at least when you step outside your apartment building's front door! Won't be living there once we buy a place though, going to the suburbs...

Were you not about to buy a place in Marino last year (or was that someone else?)

[thechamp87]

honeymoon stop in vegas
the Wynn, The V, Bellagio, A.N other?

Not crazy baller but nice enough

You simply won't beat the Wynn for luxury. Not even close.

[Megatron]

Great! I've over-packed it a few times, which means you need to fiddle about a bit to get everything blended, but otherwise it's doing the business. Have you got it yet?

I just keep making mush that tastes of apples. Its not very appealing. Have you receipes or just using trial and error?

You simply won't beat the Wynn for luxury. Not even close.

Even above the Aria?

[Zod]

Dice75 Irelands Toilet part mafia.

all in the game, yo.

[DeadParrot]

Or they could invest the €40k and find somewhere cheaper to rent in the €750 bracket that is still relatively convienient to where they need to be while they maintain the freedom to move around and take advantage of opportunities

I'd love to see you try to convince my missus that a studio bedsit or granny flat is somewhere viable to move

[mdoug]

What happens if Cameroon vs Ivory Coast and Guinea vs Mali both end 1-1 tonight?

[Iago]

The below is purely my opinion and shouldn't be construed as financial advice as most of it is probably wrong There are a number of people on these boards alone who are far more qualified than I to give such advice. At the best of times my math is fuzzy too so pay more attention to the overall ethos rather than the specific numbers!

I accept no responsibility for people losing their homes, rolexes or speedboats as a result of anything I say

whats the current bond rates/best options if someone had for example 50k cash they may not need access to for one year, a couple of years, 5 years?

Banks are rubbish at the moment and consequently so are the Irish state savings schemes because the banks lobbied to get them to reduce their interest rates in order to maintain savings and deposits in the banks.

The best you'll get from a state savings bond (in Ireland) is about 1.24% a year (if you take the 5.5 year cert, dropping to 1% for the 4 year bond) it does however have the advantage that it is not subject to DIRT so there's an extra .41% there to play with.

There's a 5 year PTSB account that pays around 1.6% a year (pre-dirt) but it's a 5 year term and you can't access your money.

For me, if I had €50k that I knew I didn't want to touch for at least a year I'd be looking at an inexpensive ETF either DAX or Stoxx 50 or something similar. Leave the dividends to be reinvested in it and forget about it for a while.

It's also not a bad time to look at some of the commercial property options in the market through REIT (Real Estate Investment Trusts) they are quite limited in Ireland at the moment and some of them you're better off steering clear of until they are more established but a commercial property investment for the next 2-4 years wouldn't be the worst way to go. Again like the ETF you're limiting your exposure by buying a basket rather than a single item. Much the same reason why one of the only individual shares I still own is Nestle. They are so diversified (over 8,000 brands and counting) that really it would take a major upheaval across multiple markets and types of products to cause a problem in the stock.

Let's assume you wanted to become debt free, despite having 1.15% loan. How do you define the size of writeoff the bank would need to give you to make it beneficial for you to write them a cheque for the balance of the loan there and then?

I don't believe that banks are doing this, and despite the common soundbytes that trackers are costing banks money and they would rather people paid them down early I haven't seen anything to suggest that they are suggesting that to customers at this point.

It's a moot point for me now as we have decided to sell the house anyway, but I've seen everything from people suggesting that 25% off the capital would be fair all the way up to 75% off the capital in the most optimistic of opinions

In practice it would depend on how much was owed and what period was left on the mortgage. So if for example I owed €100,000 and had 15 years left, and I was confident that I could get 3% after tax then I think that would be worth somewhere in the region of €55k to me over that period.

In the same period I'd be paying something around €9k in mortgage interest (if I had no relief) so there's a difference of around €45k there.

At a 30% price write-off I'd save €9k in mortgage interest and at 3% I'd still be getting around €15k for a €24k growth and an asset worth whatever the house is worth. I could then focus on adding additional funds to the savings/investments to make up the difference instead of paying down a mortgage.

That might be tempting it's getting 3% after tax that becomes problematic at the low levels of investment.

I really think it's very circumstance dependant though.

If your mortgage is at 4.5% but you're getting interest relief, is the effective rate lowered much? IE would you be better off investing elsewhere than paying off the mortgage?

I haven't really thought about that one but again, it depends on what your relief is. As a first time buyer who bought their house in 2008 for example you would still be getting the full 30% until 2017. So there's some scope within that but DIRT is a killer though, paying 41% on interest earned makes it difficult to leverage the investments.

Your maximum relief is €10,000 a year (single) or €20,000 (married) based on the interest that you're paying and capped at 30%. So on the hypothetical example above €100,000 would be liable for interest of €4,500 (4.5%) for which you would get relief at source of €1,350 leaving your effective interest at €3,150 (3.15%)

To generate an amount that would give you more than that after DIRT would mean an interest rate of around 5.3% or upwards...I think Of course your interest payments go down significantly over the years as you pay down the mortgage as well so you have to consider that, but at a basic level if you can get 5% then it's worth looking at.

Or indeed find a method that doesn't have any DIRT/exit tax associated with it. Not too many of those though

Forgetting about the 50k savings for a minute, if I wanted to start saving 150 a month or so easiest to just throw it in a bank savings account or is there a better option?

Martingale?

Seriously though, if you're willing to risk it a little then I'd look to get myself a cheap online shares account and start buying shares in high dividend paying companies that are relatively stable. You'd probably need to start with €1,000 or so to make it worthwhile so either use a short term deposit/savings account for the first 6 months or so or increase the amount you can put away for a few months. Then every month just top up your allocations.

Take a portfolio of 5 shares to start and increase that over time to 10-15 and reinvest the dividends as they are paid and you should get a much better return than simply putting it into a bank or notice account.

[mocata]

Cant say i noticed a huge gulf in quality between the Wynn/Aria/Bellagio rooms. Hard to beat a view of the fountains for feeling balla

[Dice75]

Dice75 Irelands Toilet part mafia.

all in the game, yo.

If you don't have a monopoly, you're doing it wrong.

[thechamp87]

Even above the Aria?

Wynn is in a league of its own imo. Also, Aria doesn't have a casino iirc?
If you're on your honeymoon you'll most likely get upgraded pretty easily to a Tower Suite most of which have a great strip view.
Restaurants in the Wynn (particularly Red8 and La Cave for midrange and Lakeside for steaks/seafood) are fantastic too and you'll most likely get some comps for on site dining at check in.
Depending on time of year the Wynn pools and spa are class too.
I've stayed in most places on the strip and wouldn't compare anything to Wynn I don't think, certainly not Bellagio, Caesers etc despite them being very nice obviously. I believe Mandarin Oriental is the height of luxury but I haven't stayed there and don't think it has a casino on site either.

[NuckChorris]

So if I knew a family member who owned a property in Dublin with no mortgage or loan that they could rent for ~1,400pm, they'd be paying 50%+ tax on that? So they and I would be better off if I rented it for cash somewhere in the middle?

If by "cash" you mean technically they aren't renting out a property at all then, yes, much better in terms of both income and the paperwork/accounts/shit of having to rent out the place. Would be a little risky though if you were having much post delivered to the place or using the address for bank accounts etc. Doubt it'd ever be looked at but definitely some risk there. May be better for them to declare a crap rent of ~300 a month and say that you are a custodian looking after the property for them rather than a tenant. Not 100% on all this now so get more advice before doing anything.

[mcnugget]

Five Guys burgers and fries are coming to Ireland.

Is this a good thing?

No.

So if I knew a family member who owned a property in Dublin with no mortgage or loan that they could rent for ~1,400pm, they'd be paying 50%+ tax on that? So they and I would be better off if I rented it for cash somewhere in the middle?

If they are earning more than 70k, they will be paying 52%. Only on the profits mind ie after insurance, M&R, wear and tear allowance on fittings, management charges etc. Renting it for cash will certainly lower their tax bill but comes with its own complications.

You simply won't beat the Wynn for luxury. Not even close.

True 5 years ago, not any more imo.

[thechamp87]

Cant say i noticed a huge gulf in quality between the Wynn/Aria/Bellagio rooms. Hard to beat a view of the fountains for feeling balla

The Wynn resort as a whole would swing it for me. Restaurant selection, pools, spa etc. My issue with Aria as mentioned was I don't think it had a casino on site? And my issue with the Bellagio was that the average age was about 78.

[Iago]

So if I knew a family member who owned a property in Dublin with no mortgage or loan that they could rent for ~1,400pm, they'd be paying 50%+ tax on that? So they and I would be better off if I rented it for cash somewhere in the middle?

Yes, right up until they got done for NPPR and non declaration of income for taxation purposes

[Raoul Duke III]

according to property price register 2 similar houses in my estate sold in 2014 for €410k and €425k. One of them needed €30k spend to bring it up to same standard as mine (which isn't that high). It was basically the same as the day the person moved into it.

Surprised they were that low given the location. Maybe I will return to the Southside.

[CHDad]

No way their burgers will taste 'that good'?

Can always be better though Hitchy. Economics int it m8.

[Raoul Duke III]

Apologies for not being on for the last while. Had to work a few things out, plus look after my daughter by myself for two weeks.

Two things for anyone interested:

1. A massive eight interviews for the one job in France concluded today. Seemed to go really well. But who knows.

2. My wife's extreme volatility over Christmas, which my drinking exaggerated into so much more, ended up with us finding out that she is pregnant with our second kid.
I
As the Chinese curse says 'may you live in interesting times'



On a side note: the girls in this French uni are beyond model types. Jaysus.

I did actually type out a jokey post at the time saying you should follow tbe traditional Irish approach to marital problems i.e. 'have another child'. Deleted it due to insensitivity fears.

Congrats.

[Iago]

I'd love to see you try to convince my missus that a studio bedsit or granny flat is somewhere viable to move

€750 may have been ambitious for Dublin alright...

[Hitchhiker's Guide To...]

...

[Hitchhiker's Guide To...]

...

[Flushdraw]

What happens if Cameroon vs Ivory Coast and Guinea vs Mali both end 1-1 tonight?

A helluva lot of drawing of straws! Was only looking at the qualifying process before yesterday's games.

• Number of points obtained in games between the teams concerned;
• Goal difference in games between the teams concerned;
• Goals scored in games between the teams concerned;
• If, after applying criteria 1 to 3 to teams concerned, two or three teams still have an equal ranking, criteria 1 to 3 are reapplied exclusively to the matches between these teams in question to determine their final rankings. If this procedure does not lead to a decision, criteria 5 to 7 will apply;
• Goal difference in all games;
• Goals scored in all games;
• Drawing of lots.

[hotspur]

Were you not about to buy a place in Marino last year (or was that someone else?)

He had his eye on a place in Fairview that I thought was beneath him but didn't want to say.

[Denny Crane]

Plain cash isn't performing too badly these days

[Iago]

Iago has a bit of a success record, but you should never invest in investments unless you have inside info. Every single investment you have; the likes of Goldman are on the other side - do you really think your smarter than Goldman? Any type of investment is a pure mugs game. Except for property which is mugs trading with mugs, so there is potential for gain. Never invest in equity though imo - or obv any more complex financial instruments

I'm standing on the shoulders of giants, that and luck, a large dollop of luck

[KevIRL]

Good news for Irish cricket

[LuckyLloyd]

Good reading today.

He's a victim. Of himself.

Where did all those Livestrong fanboys go anyway?

Hi

[HiCloy]

Don't have much more to add other than to remember that you pay rent out of post tax earnings and pay DIRT/Income tax on savings/investments. This is a major cost to rent if you have a significant cost of the purchase price of the property

Also for anyone interested PP House Price Betting. I already took the 12/1, 7/1 and 5/1 on any decrease, but I think 7/2 is still a pretty decent price

[Emmet]

Given that this was originally a gambling forum, can't believe nobody's recommended getting involved in some loan-sharking aka P2P lending.

www.linkedfinance.com is an Irish operation to allow you to loan out some of your cash at pretty good rates. Obviously you want to do a bit of reading about who/why you are lending to, and you'll want to spread the cash out a bit too, but some good rates of return already showing (albeit sample size is rubbish, and prevalence of 'lemons' ought to increase as time passes).

Worth some punting for anyone looking at higher risk/yield opportunities.

[elbows]

Given that this was originally a gambling forum, can't believe nobody's recommended getting involved in some loan-sharking aka P2P lending.

www.linkedfinance.com is an Irish operation to allow you to loan out some of your cash at pretty good rates. Obviously you want to do a bit of reading about who/why you are lending to, and you'll want to spread the cash out a bit too, but some good rates of return already showing (albeit sample size is rubbish, and prevalence of 'lemons' ought to increase as time passes).

Worth some punting for anyone looking at higher risk/yield opport
unities.

Burdocks recently used it to finance the refurb of their temple bar site. Interest rates vary from 5% up to 25% I think.

[elbows]

Was in five guys in London. Very impressive operation. Food is not cheap and not exceptional though

[SatNav]

Has anyone stayed in The G Hotel in Galway? I am looking for somewhere nice to go for two nights in March with himself. The G Hotel is coming in very reasonable at 288 E for the 2 nights with breakfast. Plus Galway has good nightlife.

Cant really see anything else.

[DeadParrot]

.
Martingale?

Seriously though, if you're willing to risk it a little then I'd look to get myself a cheap online shares account and start buying shares in high dividend paying companies that are relatively stable. You'd probably need to start with €1,000 or so to make it worthwhile so either use a short term deposit/savings account for the first 6 months or so or increase the amount you can put away for a few months. Then every month just top up your allocations.

Take a portfolio of 5 shares to start and increase that over time to 10-15 and reinvest the dividends as they are paid and you should get a much better return than simply putting it into a bank or notice account.

if you're willing to risk it a little

then I'd look to get myself a cheap online shares account and start buying shares

in high dividend paying companies that are relatively stable.

da fuk?
It's the crucial piece you are vague about

[Tar.Aldarion]

Good news for Irish cricket

I'll usually click any link, anything, even if it is obviously made up. Not that link though, which I find impressive.

[eamonhonda]

Has anyone stayed in The G Hotel in Galway? I am looking for somewhere nice to go for two nights in March with himself. The G Hotel is coming in very reasonable at 288 E for the 2 nights with breakfast. Plus Galway has good nightlife.

Cant really see anything else.

Yeah it's pretty feckin nice

[SatNav]

Yeah it's pretty feckin nice

cool will go with that so I think, have always wanted to go there. Just needed someone to say yeah its nice lol

[DeadParrot]

Cant say i noticed a huge gulf in quality between the Wynn/Aria/Bellagio rooms. Hard to beat a view of the fountains for feeling balla

cheers peeps.
travel crowd are pushing the Venetian or more specifically the venezia part.
which after a quick google sounds miles away from anywhere, full of kids and a bit run down looking.

[Dice75]

Has anyone stayed in The G Hotel in Galway? I am looking for somewhere nice to go for two nights in March with himself. The G Hotel is coming in very reasonable at 288 E for the 2 nights with breakfast. Plus Galway has good nightlife.

Cant really see anything else.

G is nice but its a good 25min walk into town so taxi's needed.

For walking distance to the pubs - Radisson / Meryick / House Hotel, but G is definitely nicest.

[mdoug]

A helluva lot of drawing of straws! Was only looking at the qualifying process before yesterday's games.

• Number of points obtained in games between the teams concerned;
• Goal difference in games between the teams concerned;
• Goals scored in games between the teams concerned;
• If, after applying criteria 1 to 3 to teams concerned, two or three teams still have an equal ranking, criteria 1 to 3 are reapplied exclusively to the matches between these teams in question to determine their final rankings. If this procedure does not lead to a decision, criteria 5 to 7 will apply;
• Goal difference in all games;
• Goals scored in all games;
• Drawing of lots.

Mali and Guinea ends 1-1 so drawing lots to decide who goes through. How sickening that is in a professional competition to be eliminated by the picking of a ball, what a joke lol. Pretty gutted my €2 double on 2x1-1's didn't come in

[Iago]

[IMG]

da fuk?
It's the crucial piece you are vague about

I figured you'd want to do some research yourself rather than just push the red button I pointed to

http://www.topyields.nl/Top-dividend-yields-of-Dividend-Aristocrats.php

http://www.topyields.nl/Top-dividend-yields-of-FTSE100.php

http://www.topyields.nl/Top-dividend-yields-of-DAX30.php

http://www.topyields.nl/Top-dividend-yields-of-ISEQ.php

YMMV

[mdoug]

Was in five guys in London. Very impressive operation. Food is not cheap and not exceptional though

The franchise name leaves something to be desired.

[Flushdraw]

Mali and Guinea ends 1-1 so drawing lots to decide who goes through. How sickening that is in a professional competition to be eliminated by the picking of a ball, what a joke lol. Pretty gutted my €2 double on 2x1-1's didn't come in

I know there would have been nothing in a place, but a penalty shootout between the sides, seeing as this result (or the one between Cameroon v Ivory Coast) was a probability of needing a drawing of lots, would have been much more preferable seeing as both sides are there and ready to play.

[RichieM]

I know there would have been nothing in a place, but a penalty shootout between the sides, seeing as this result (or the one between Cameroon v Ivory Coast) was a probability of needing a drawing of lots, would have been much more preferable seeing as both sides are there and ready to play.

managers keep-me-ups is the obvious choice.

[mdoug]

In other news. Fernando Torres ftw.