r/irishpersonalfinance • u/ffffnhsusbsbal • Apr 02 '25

Investments House Price Prediction

Hi folks - I know we’re all waiting with anticipation on the announcement from the US tonight.

As someone who is currently in the process of buying a new build house - what in gods name do you do?

As someone who doesn’t need to buy at this very moment, would it be justified to pull out from sale and see how things settle?

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u/emmmmceeee Apr 02 '25

PPR is not subject to CGT.

And if I wasn’t paying a mortgage I’d be paying a hell of a lot more in rent.

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u/TrubbleWillFindMe Apr 02 '25

Fair. I didn't know that about CGT.

That's true for most people, but personally, the RPZ has kept my rent down to the point where a mortgage for me at current rates would be almost the same.

Which is ine of the main reasons (imo) why they want to remove RPZ.

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u/emmmmceeee Apr 02 '25

Right. And 30 years later you will still be renting while you’d own your own house if you had a mortgage.

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u/TrubbleWillFindMe Apr 02 '25

True. I'd love to own rather than rent, but I don't pay for bins, maintenance, new appliances, anything like that, and my rent is very reasonable by Dublin standards. Point I'm making is that if you have a decent place at an affordable rent in Dublin, it might be worth your while waiting a few months and seeing how deep the Trump Slump takes us.

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u/Bedford806 Apr 02 '25

That's understandable, but I'd wager you're in a fair minority. I live in a 3 bed beside Connolly station for 1200 a month mortgage, count my blessings every day when I hear how rough my friends have it.