New home buyers to claim VAT back on their income tax from 2017

Dreaded_Estate

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True but you have 68k more in spending because you have €163 a month for all that time.

If they saved the €163 a month even getting 1/4 % net compounded and never drew down on it they would have €85k at end of 35 years.

Either way a 30 year plus mortgage deal from original purchase is closer to reality than 25 years.
And they would have €442 less spending from years 20 to 30.
 


Dreaded_Estate

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Er that was taken into account and €442 in year 20-30 has shed loads less purchasing power than now plus as a proportion of take home it will be substantially less.
Whatever way you want to look at it they are paying €40k more for every €100k borrowed.
 
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Whatever way you want to look at it they are paying €40k more for every €100k borrowed.
But of course you ignoring the benefit they have from having extra cash in the pocket when they need it rather than 20 years into the mortgage.

They may pay €40k more but if they put the same away they are still instead of spending they are still massively better off.
 

Voluntary

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Nov 8, 2015
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But of course you ignoring the benefit they have from having extra cash in the pocket when they need it rather than 20 years into the mortgage.

They may pay €40k more but if they put the same away they are still instead of spending they are still massively better off.
What's the purpose of life if you get all you can upfront and then live with perspective of having to work until retirement only to pay for it?
This is scary. Humans aren't designed to work like this.
 


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