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.
Yeah I was thinking about that too as if it is 1st, 2nd, 2nd, 4th like this super rare occurrence the two 2nd places will always be playing each other in that last game so a peno shootout can be used. I guess they never thought ahead though, no shock there.
If both games are 1-1 then lots obv. I reckon they'll change the rule to add in peno shootouts in that rare spot now that it has happened
The franchise name leaves something to be desired.
Fastest growing fast food chain in the states over last 5 years. Must be doing something right.
His rival it seems, had broken his dreams,By stealing the girl of his fancy.Her name was Magill, and she called herself Lil,But everyone knew her as Nancy.
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.
It's nice ya. Good value food & cocktails in the many lounge rooms also!
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.
I don't know if this is standard practice but they take 1.2% per month from the entire loan amount you offer. Fuck Linked Finance imo.
Chop the rates they suggest on their site in half at least.
X can be anything, any number, that is what’s CRAZY about X.
Because X doesn’t roll like that, because X can’t be pinned down!
Hitch, you should go to a fancy french restaurant and you can skype with the Horseheads in their mid-low range eatery, could be a big move for them. First Horsehead event spanning two cities/countries/etc.
X can be anything, any number, that is what’s CRAZY about X.
Because X doesn’t roll like that, because X can’t be pinned down!
Hitch, you should go to a fancy french restaurant and you can skype with the Horseheads in their mid-low range eatery, could be a big move for them. First Horsehead event spanning two cities/countries/etc.
Ha, we actually went sale agreed on somewhere in Sandyford and pulled out of that one in the meantime as well! We are obviously property teases/masochists.
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.
Wasn't hugely impressed with the place. Certainly not 5 star. A bit shabby IMO. And a bit far away from the centre.
Having said that, I've only stayed in the Raddison and there over the last few years. If I was to choose I'd go for the raddison for value
People say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner! https://revolut.com/referral/jamesb8!G10D21
I know this is a lot better than some of you in the sticks can get, but I'm within 4 miles of O'Connell Bridge, so I should be getting better and I finally get efibre installed tomorrow. It's no 240m/b UPC, but I can't get that so no point thinking about it. Here is my typical 'best' connection of the last couple of years. It's increased from 3mb and 7mb in the last few years here (since 2006) so progress I guess. It's certainly not terrible at the minute, but I want better of course.
Always thought mine was pretty decent, doesn't seem to be compared to others. Or maybe Tar and Newbie are just very good. Recent screeners downloaded only took about 6 mins however.
IMO the theory depends on renting being a significantly cheaper option with at least some other advantages which is simply not the case in Ireland. Infact the opposite is true.
Same applies for me here.
I'm basically paying for somebody elses mortgage and then some at the moment. I don't feel any need to own a house for the sake of it, most people in my situation rent. But I'm pretty sure at this point owning is financially the better option.
Let's take it at it's most basic. At the numbers you have quoted above the total cost of that apartment for your prospective buyer is
40,000 (deposit) + 160,000 (mortgage)
+ 155,000 (interest based on payments above)
+ 2,200 (stamp duty)
+ 10,000 (associated fees, furniture, etc)
+11,025 (property tax over 35 years)
+ 42,000 (management fees estimated at 1,200 per annum, probably a bit low to be fair)
€420,525 will get you 350 months (a little over 29 years) of rent at that rate.
I'm by no means very well versed in investments and mortgages. But the bolded part represents a pretty big flaw in your numbers, imo.
The rent won't stay at €1200 for the next 35 years. Not even close. I understand you are taking 37 years as a lifespan based on current rates. But you can't compare future mortgage payments, with current rent payments.
In 2050, the owner will have paid €420,525, as you said.
If rent increases by 3% per year, by 2050, the renter will have paid €870,655. I think current rate is 4%.
Rates too good not to. I had to suffer the high rates when I made most of my paying and now when not paying have low rates which is a bugger but I got in when house prices when good so not so bad.
Best tips I would give is take best offer available which doesnt penalize transfers to other lender. That way you can renegotiate terms each time the offer ends. ( They will want to keep you and if not transfer) Plan for full interest / max repayment and invest difference in savings and if possible use that to reduce amount owing each renegotiation.
This more or less will cover the 20% deposit at outset
Obviously choose somewhere you like, area which will not depreciate and doesnt negate savings due to travel/cost of living expenses.
It seems like a lifetime away but all of a sudden you realise you are there and thankful you dont have to do it again!
Disclaimer; copious amounts of vodka have been taken tonight so I do not take take any responsibility for any investments made on the strength of my post or the validity of said post and also the consideration that I am talking shite must be considered
TBH I am putting the effort into this post to stop me playing cash games when drunk
Independent good gas today. I love how they can be decrying a swathe of couples being locked out of the market because the 3.5 rules but also claim that prices won't drop to any extent. How does that work? Oh yeah - the average price of a house in Dublin being €375k is solely a supply issue, not that a combined €70k PA income can borrow approaching the amount with a mere 8% deposit with AIB.
Dickheads
"Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally." - John Maynard Keynes
Independent good gas today. I love how they can be decrying a swathe of couples being locked out of the market because the 3.5 rules but also claim that prices won't drop to any extent. How does that work? Oh yeah - the average price of a house in Dublin being €375k is solely a supply issue, not that a combined €70k PA income can borrow approaching the amount with a mere 8% deposit with AIB.
Dickheads
I like the sentiments. The media still firmly wedded to the 'high house prices = good' argument which is rather pathetic given the events of the last 15 years.
Would love to see the (true) argument that low, stable house prices are a greater good but Irish people are genuinely sick in the head when it comes to property.
"We are not Europeans. Those people on the continent are freaks."
Same applies for me here.
I'm basically paying for somebody elses mortgage and then some at the moment. I don't feel any need to own a house for the sake of it, most people in my situation rent. But I'm pretty sure at this point owning is financially the better option.
I'm by no means very well versed in investments and mortgages. But the bolded part represents a pretty big flaw in your numbers, imo.
The rent won't stay at €1200 for the next 35 years. Not even close. I understand you are taking 37 years as a lifespan based on current rates. But you can't compare future mortgage payments, with current rent payments.
In 2050, the owner will have paid €420,525, as you said.
If rent increases by 3% per year, by 2050, the renter will have paid €870,655. I think current rate is 4%.
Well to be fair it was a hypothetical example where a renter would choose to stay in the same place paying over the odds for a 2 bed apartment to show that the number don't stack up. However the mortgage holder is also subject to inflationary raise in mortgage rates, interest payments, property tax, property maintenance, management fee etc etc
I'm not convinced a renter would rent a 2-bed rather than a 1 bed initially.
I seriously doubt they would stay in the same place for 37 years...but maybe
So your point about rent is valid, but don't forget the likelihood of a mortgage staying at the same level is pretty much zero too. We are still in a period of historically low rates, and while I'd be surprised if we ever got back to the 17-18% of the 80's we are very likely to end up back at 7-8% imo.
That's going to be very painful down the line for people. At the rates in the example given, the interest rate was 4.7% or so. Let's say it's fixed at that for 3 years
At the end of year 3, they will have paid €27,000 off their mortgage, but their loan will still be €152,070.
In the intervening 3 year period, if rates have increased to a modest 6%
Their monthly payment will increase to €892
Their total amount paid over the duration of the mortgage would be €369,528
This added to the other costs outlined in the previous example would be €434,753
+ the original example didn't include furniture, fittings appliances (every 5-6 years max) or indeed the simple matter of house insurance (circe €300 a year)
If it were to go to 7.5% that monthly payment would increase to €1,042 a month and the total cost of the mortgage would be €428,664.
_____________________________________________
Anyway, we can all make numbers tell the story we want them to tell. The overall point I was making is that a mortgage commitment needs to be considered holistically. It's not about what you can afford now, or where you want to live now, it should be about a lifeplan that covers the span of the mortgage.
Renting on the other hand gives you flexibility and choice, and if you use the money that would otherwise have gone into a house in a smart way then you can potentially derive as much equity from that as home ownership.
At some point in life that might lead to wanting to own a home in an area that you intend to spend the rest of your life, but home ownership in and of itself shouldn't be the all encompassing goal that it seems to be for people.
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...
Yeah Paul I have seen you a few times alright. The back of Ely there yeah? Are they duplex apartments?
Good luck with the burbs, how far out are you looking? I can't imagine not living so close to town anymore.
Gf away for two weeks! Shipppppppppp it. Older I get the more it appeals to me NOT being in a relationship, I mean at any point in the future.
No matter how much I like a woman, I find living together quite escrutiating and the general neediness pretty nauseating. I suggested having different bedrooms today, I think that is rational and would only make a relationship stronger, absolute carnage of a reaction.
People say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner! https://revolut.com/referral/jamesb8!G10D21
No house, no mortgage, no children, no car. I should probably just retire now with my lack of financial commitments!
That's me as well except I am blowing all my money on travel...Well at least I will have the memories in 40 years when I'm living in some shelter without a pension!
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