"Whatever money we do generate tends to get eaten by high tax rates and we end up seeing very little of it"
"I dropped a friend home one evening after a late night out and we got talking about property. He had just returned from the US and was back living in Ireland, renting while waiting for his new house to be built. It was a very nice house, in a good neighbourhood in Limerick."
"Eventually, I asked him what he was paying in rent."
A late-night drive home led to a conversation about property. A friend had returned from the US and was renting in Ireland while awaiting completion of a new house in a good neighbourhood in Limerick. The house to be built was described as very nice. Rents were discussed and the question of what he was paying in rent was asked. The claim is made that whatever money is generated tends to be consumed by high tax rates, leaving individuals with very little disposable income. A WhatsApp channel for the Irish Independent is offered for news updates.
Read at Independent
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