Local Property Tax

[Flet]

They see me Stillorgan, they hatin

[Rennwagen]

Are they really that cheap?

Actually The one I'm referring to is a 1940s house that cost £7800 new.

[Ryan]

Is 650k for a 3 bed in Stillorgan a lot or cheap?

From a global perspective I would have thought to be on the cheaper end given you're about 10km from the city center in a nice enough area.

[Rennwagen]

Is 650k for a 3 bed in Stillorgan a lot or cheap?

From a global perspective I would have thought to be on the cheaper end given you're about 10km from the city center in a nice enough area.

It's not a nice area though and god love you trying to commute in and out of it.
and is a 3 bed semi ever worth 650k? Seriously.

[mikerd4]

Shows my knowledge of south Dublin, I thought Stilorgan was a nice area. MY bro in law lives in Killiney, modest enough house that is worth a small fortune. However I wouldn't live in or around there if you paid me to. Just cant warm to it.

[Rennwagen]

Shows my knowledge of south Dublin, I thought Stilorgan was a nice area. MY bro in law lives in Killiney, modest enough house that is worth a small fortune. However I wouldn't live in or around there if you paid me to. Just cant warm to it.

Ah It's ok, not many Junkies or beggars and it has some nice houses, but it's complelty over run with traffic and is over developed.
it's a disaster of a place really with way to many main roads and over valued x50% for what you get and its developing it's own Accent now a bit like D4. Stillorgin, " The ultimate dwelling house".... said very fast like stilirgin as if you havent time to speak because flat white is more important. Lunatics live there and call their Sons Setanta and stuff.... its a real Tiger central.

[Bigserious]

It's not a nice area though and god love you trying to commute in and out of it.
and is a 3 bed semi ever worth 650k? Seriously.

I think it's a tricky question to answer. In some other areas of the world €650k for a say 1200sq ft property might be very reasonable. But in others in would be an incredible amount of cash for people earning far less.

I think in all areas of Dublin you can live on a very nice settled quiet area and one mile down the road it can be a completely different story.

Is it worth it in Dublin. Thats a different question. I think we are seeing the rural properties starting to increase in value due to wfh now being offered by most companies. But is there a certain value in being close to a larger proportion of jobs.

We are in the process of trying to decide whether to extend (thanks Stephen!) or build a much larger property in the countryside. And is paying circa €400 pa for a house valued at €400k unreasonable? Probably not in my opinion. I know every one is against creeping taxation though.

Hard to know what is fair these days when sh#tbox old classics are worth crazy money (far beyond the multiples of property tax). In those terms price wise property tax is way down on my list of priorities anyway. I pay far more for internet service than 400pa.......

[Bigserious]

Actually The one I'm referring to is a 1940s house that cost £7800 new.

If you just factor in inflation £7800 punts from 1940 is c. €500k in euro today so nothing wild really. Also the population in Dublin in the 1940's was 50% of what it is now.

But I'd prefer if they were cheaper too!

[Rennwagen]

If you just factor in inflation £7800 punts from 1940 is c. €500k in euro today so nothing wild really.

But I'd prefer if they were cheaper too!

Probably not, but salaries didnt rise at the same value.
I dont have a problem with stillorgan by the way, it's a great place to work but the value of houses there is part of the Irish problem, it cant be justified. If you can put a value on Milk, and Alcohol surely the prodcution and consumption of property can be addressed...

[Bigserious]

Probably not, but salaries didnt rise at the same value.
I dont have a problem with stillorgan by the way, it's a great place to work but the value of houses there is partnof the Irish problem, it cant be justified.

That is true. 100% agree.

[deltona]

Actually The one I'm referring to is a 1940s house that cost £7800 new.

Can you check that please Renn? 7800 sounds more like 1965-late 70s values.
1940s Dublin I'd expect was 1000-1500 for a 'nice' modern house which was newly built and ready for its first occupants.

[Cold]

£7,800 sounds like huge money if in the 40’s. Even in the 60’s that would have been a lot I think. But then again maybe not much growth or inflation in Ireland in those decades.

[markcro]

My mate lives in a ramshackle of a bungalow built in the early 1900s. He got it very cheap near 30 years ago. It was all that he could afford at the time. It remains a ramshackle of a house because realistically it would need to be leveled and a new house built. And he was never flush with money, so he just maintains it and sticks it back together with glue and chewing gum as things go wrong. The problem now is that because of the area being gentrified over the years, the location and land, it is now valued at close to a million quid. So he is paying home tax on a gaff that is a :D:D:D:D hole, and always will be as he never had the money to put right.

So is home tax basically telling him that he should sell his family home and move out to an area "more befitting of his financial status" ? Even though he was born and bred in this area, and this house has been his home for nearly 30 years. This whole home tax boils my piss.

[Cold]

Considering he would pay zero tax on that profit if he were to sell it, which is pretty much unheard of in the rest of the world, I think he has astoundingly little to complain about. What you are describing would in the rest of world be called an investment, which is in fact what it is. He bought it cheap and it's now worth a lot. As much as I'm going to sit around and feel sorry for people, those with €1m homes don't come very high up my list.

[cibo]

It's not a nice area though and god love you trying to commute in and out of it.
and is a 3 bed semi ever worth 650k? Seriously.

Bit harsh on Stillorgan there Renn, comes across as a bit of a chip on your shoulder! Stillorgan is a bit like 'Blackrock' in Dublin, it's a very large area encompassing (like many areas) both very 'nice' and 'not so nice' parts. Certainly some parts of it houses would be worth those kind of prices. Sure, traffic is barking mad but where isn't in Dublin at peak times?

In terms of desirability you are talking about an area within 8km of Dublin city centre, a QBC bus route, easy access to the Luas (from some parts of it), easy access to the M50, easy access to a lot of highly regarded primary and secondary schools in the area, UCD is almost in Stillorgan, Vincent's Hospital is on the edge of it. Pretty easy to see why prices are strong, no?