Monday 20 November 2017

'Help to Buy' for those who don't need help

No budget can please all of the people all of the time, but Budget 2017 had come with a hope that the housing crisis might be tackled in a meaningful and fair way (Stock image)
No budget can please all of the people all of the time, but Budget 2017 had come with a hope that the housing crisis might be tackled in a meaningful and fair way (Stock image)

It seems we may have been a bit hasty about the Budget that "gives something to everyone and nothing to anyone". It appears Budget 2017 does confer a generous endowment of €20,000 to any first-time home buyer wishing to own a €600,000 house.

Should you wish to avail of it, the new 'mansion grant' will get you on a gold-plated property ladder, thanks to the lavishness of the Government's 'Help to Buy' package.

As we report elsewhere, most of these luxury homes are around three times the size of an average three-bed semi-detached house. To own one, you would already need a salary of about €100,000 before the bank would give you a mortgage. Yet the Government is happy to lob in €20,000 to help you along all the same.

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