Inflation

[John m]

Four Years ago we saw this coming 6% Interest Rate for a Gaff was thought as not going to happen .Took my own advice, Mortgage and car loan paid off deal done with CC to pay them back the Principle no interest .We still havent seen the worst of Brexit but the DUP will sort that out for us .

[silverbullet]

Four Years ago we saw this coming 6% Interest Rate for a Gaff was thought as not going to happen .Took my own advice, Mortgage and car loan paid off deal done with CC to pay them back the Principle no interest .We still havent seen the worst of Brexit but the DUP will sort that out for us .

You bought a corpo gaff you had from the 80s, a different kettle of fish now.

[John m]

Four Years ago we saw this coming 6% Interest Rate for a Gaff was thought as not going to happen .Took my own advice, Mortgage and car loan paid off deal done with CC to pay them back the Principle no interest .We still havent seen the worst of Brexit but the DUP will sort that out for us .

You bought a corpo gaff you had from the 80s, a different kettle of fish now.

£10400 @9% interest overv30 years £19.40p a month if I went over 20 years it was £24.10p I couldnt afford it so opted for 30 years .I bought cars and holidays cost more than me gaff .Worth 280k now .

[John m]

Wrong £19.40 a week .For lads with non fixed Mortgages get off your arse and fix it .Most of the crap on here is crap but we try our best to help you .

http://www.youtube.com/watch?v=km_6yjmqyYU

    .For my sins I studied Economics you are getting the advice your bank or credit provider wont tell you .The last crash was a banking crash this one will be inflation .Credit card interest wont go up its restricted and is non secured so they cant take anything . Car loans if you have a deal wont go up but your Mortgage if not fixed will go up twice or three times this year and four times next year .Dont delay your covid restricted earnings shouldnt count it will be down to the equity you actually hold in the house .Based on the little bit I learned Irish Mortgage rates will be above 5% next Christmas 2023 .Now is the time to do it as House prices will stagnate or fall as interest rates increase and people cant afford them .Your ratio between what you owe and what you paid will shrink as the bit you own loses value ,so move now .

[silverbullet]

Wrong £19.40 a week .For lads with non fixed Mortgages get off your arse and fix it .Most of the crap on here is crap but we try our best to help you . http://www.youtube.com/watch?v=km_6yjmqyYU#    .For my sins I studied Economics you are getting the advice your bank or credit provider wont tell you .The last crash was a banking crash this one will be inflation .Credit card interest wont go up its restricted and is non secured so they cant take anything . Car loans if you have a deal wont go up but your Mortgage if not fixed will go up twice or three times this year and four times next year .Dont delay your covid restricted earnings shouldnt count it will be down to the equity you actually hold in the house .Based on the little bit I learned Irish Mortgage rates will be above 5% next Christmas 2023 .Now is the time to do it as House prices will stagnate or fall as interest rates increase and people cant afford them .Your ratio between what you owe and what you paid will shrink as the bit you own loses value ,so move now .

Our pal is Associate Professor in the ESRI, would you move in the same circles?

[mercenary for hire]

I know 6% interest sounds terrible but the people that can't afford it will already be pretty bad with money and likely just extend their mortgages by a few years.

On the telly the Americans are telling themselves that their economy is still doing great but their property market is starting to slow so they might be the ones that drag us all down like last time.

[John m]

Merch the new thing in Ireland is to help people who cannot afford to buy a house to buy a house .Government will pony up a third of the price and take a third of a stake in the gaff to be paid later .So builders can charge what they like as the government will help to finance the increase .I suppose the Government are thinking a once off payment to the builders is better than years of HAP payments and they then own a third of your gaff and get most of the money they paid the builders back in VAT and Stamp Duty .There is another big Property Crash on the way and mass evictions from rented Gaffs poor old Mary from the Navan Road and her batallion are going to be snowed over in a shitstorm after the next election .I wonder Which of the FF or FG partys can successfully avoid going into coalition .I see today the Government are keeping the VAT rate on Hospitality @9% sort of makes sense as the Government are the biggest renters of Hotel rooms in the state for Homeless .Immigrants and refugees .Keeping the VAT rate low keeps the overall spending by the state lower and stops people complaining about the rising costs .

I notice Avant Money and other Mortgage lenders are making loans based on the BER rating of your Home .Does this signal a possible change in Property tax are the Cabbages going to try increase the Local property tax on badly insulated homes to encourage people to insulate .If you need to find money to insulate your Gaff you might struggle to pay back the Mortgage .

[mercenary for hire]

I suppose If you haven't got the money for heating and electricity you won't pay the mortgage back.It's a bit of a gimmick like giving the EV drivers reduced commission that sounds good in the media.

All this green bollox triggers me a bit.I have AXA telling lies that I'm getting the lowest insurance possible while putting expensive ads on the telly to inform us that their planting trees for policy holders to negate our carbon footprint.I just want cheaper fooking insurance yis bastards.If I want to plant a tree I will.

[John m]

I suppose If you haven't got the money for heating and electricity you won't pay the mortgage back.It's a bit of a gimmick like giving the EV drivers reduced commission that sounds good in the media.

All this green bollox triggers me a bit.I have AXA telling lies that I'm getting the lowest insurance possible while putting expensive ads on the telly to inform us that their planting trees for policy holders to negate our carbon footprint.I just want cheaper fooking insurance yis bastards.If I want to plant a tree I will.

Going Green or Greener .Liffey Valley use to have a few trees planted around the place but they have all been pulled up so they can cement over where they were to allow Mum and Dad park their 4x4 on Sunday as they bring the kids into the Shopping Center for some quality Family Time looking around the shops and getting a nice healthy treat of Big Mac and Coca Cola .

[John m]

Merch watch this bolloxology .Electricity use to cost 10c a watt now its 14c a watt when the Windmills bring the cost down to 12c a watt we will be told how much cheaper Windmills are but in reality Windenergy will be 2c a Watt more expensive than the price before the Russian Rumble .Yer one from the Navan Road will have to sell that line that we are better off with Wind energy .

[John m]

Looking after your mates ..Look at this SCAM ....The Government will pay up to 70 per cent of builders’ inflation-related construction costs in an open-ended scheme set to cost millions of euros per month.

Cabinet on Tuesday approved plans for the scheme, brought to Government by Minister for Public Expenditure Michael McGrath.

The minister said the scheme was needed to mitigate the risk of “significant losses” and to protect projects already in construction.

Speaking to reporters after Cabinet, Mr McGrath said the scheme would not be a “free for all”, adding that it was introduced amid concerns that vital public works schemes could flounder due to builders’ profit margins being eroded, making them unsustainable.

He said contractors have already expressed concerns about the current model for major public projects and the contract underpinning it.

While he said it was difficult to put a cost on the scheme, it was estimated the bill for the first three months of the year would be €30-€40 million.

It was not being time-bound as there was too much uncertainty around currently, he said.

He said the immediate impetus for the scheme was the cost pressures in the construction supply chain caused by the war in Ukraine, which is leading to “real difficulties” especially for those longer lead-in time projects which tendered and agreed prices before the current pressures emerged.

Costs will be contained within expenditure ceilings in the National Development Plan (NDP).

The “cooperation framework” will allow parties to engage on an ex gratia basis to address the cost impact of inflation, he said.

Costs will be made with reference to CSO figures, and must be related to inflation — although retrospective claims for payments made from January 1st can be made. He said there was a need to ensure the State’s ability to deliver the NDP.

Elsewhere, the Cabinet gave approval to run the nine per cent VAT rate for the hospitality sector to the end of February — a six-month extension — at a cost of €250 million per year.

HOW MUCH MORE COIN ARE BAM GOING TO CHARGE FOR THE NEW CHILDRENS HOSPITAL .There must be an election coming soon taking care of your mates before you lose your job .VAT on Hospitality reduced even taxi drivers are getting a few coppers extra .God bless FF they are back to their best giving away money to their mates .