We were delighted to take part in this months Property Segment on The Morning Show. We were talking about NAMA mortgages and the statistics on lending – are people being refused or not? Martin King and Aisling O’Loughlin were presenting, while Angela Keegan from MyHome and Karl Deeter (from here) were commenting.
Once a month we head over to TV3’s ‘The Morning Show’ to talk with Sybil and Martin about the property and finance markets in an easy to understand manner, this month the topic was NAMA mortgages and household charges.
We were featured on ‘The Morning Show’ and spoke about ratings agencies and the bond markets in plain English for the viewers because so often the topic is discussed with an assumption that everybody understands the jargon and lingo.
Afterwards we ran a personal finance ‘twitter clinic’ for the viewers
We were delighted to feature on the ‘PropertyWatch’ section of ‘The Morning Show with Sybil & Martin’ on TV3 this week.
The topics were auctions (including the upcoming Allsops auction) and ECB rates along with general finance.
We are posting this for viewers of TV3’s ‘The Morning Show’ with Sybil & Martin, it covers some of the main advantages about Site Value Tax.
1. It is widely agreed that we need to spread the tax base to reduce taxes on employment to be replaced by taxes on assets, and to create a less volatile tax base. This can be achieved with Site Value Tax. In terms of ‘fairness’, it is important to remember that only 50% of properties in the country have a mortgage on them, and for that reason there is also taxable capacity in the market for this, in conjunction with a reduction in income taxes.
2. The Site Value Tax currently included in the Four Year Financial Recovery Programme, is such a tax. It applies only to land zoned for development, or already developed.
3. Land is a fixed asset. A high proportion of its value is dependent on its area, its location and its proximity to related infrastructure. Infrastructure which is created via public expenditure but rarely ever re-captured for the value it …
We were featured on TV3’s ‘The Morning Show with Sybil & Martin’ in a piece they did on the recent Allsops auction. Angela Keegan of MyHome.ie and Karl Deeter of our own company took part.
The general view we have is that if you mark down prices enough then people are willing to buy what they see as value, that means that either prices remain too high or sentiment is such that appetite is not there at the current price level (we suspect the former weighs heavier than the latter!).