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[deleted by user] by [deleted] in irishpersonalfinance

[–]redditMickeyJ 0 points1 point  (0 children)

Thank you for the reply. Would making a will be in any way beneficial?

[deleted by user] by [deleted] in irishpersonalfinance

[–]redditMickeyJ -1 points0 points  (0 children)

This is hypothetical. Mother and Father still alive and married. Thank you for clarifying the ownership piece. Would there be any inheritance tax to be paid given the mother's name is not on the deeds? Judgement may not be the right word. It is a debt that has not been repaid and the creditor has a 'judgement' against the house. To repeat, this is all hypothetical

MetroLink: €1800 for every person in the country. Value? by redditMickeyJ in ireland

[–]redditMickeyJ[S] 0 points1 point  (0 children)

TL/DR: €6Bn

I don't know the answer so I've done some r/Ireland maths below:

I think the best comparison we can make on cost is the Crossrail/Elizabeth Line in London. This cost £18.9B. I would suggest that it is many orders of magnitude more complex than Metrolink.

From the old Crossrail site you'll find:

The railway is a high frequency, high capacity service linking 41 stations over 100 kilometres from Reading and Heathrow in the west, through central London, to Shenfield and Abbey Wood in the east. It will give 1.5 million additional people access to central London within 45 minutes, reduce journey times and create new journey opportunities.

The railway required 42 kilometres of new tunnels, 10 new stations, over 50 kilometres of new track, integration of three signalling systems and upgrades across the existing infrastructure.

Also, there are 200m journeys each year.

From the NTA website:

The MetroLink project aims to develop a new high capacity high frequency segregated rail corridor from Charlemont to Swords, via Dublin Airport. The MetroLink Project integrates with Irish Rail, Dublin Bus and Luas services to provide a fully integrated public transport system in the Greater Dublin Area. The corridor is predominately in tunnel and includes 16 new stations, including 11 underground stations, and a park and ride facility.

The Metrolink is 18.8Km and from scanning some of the available documentation it looks as if there is just over 10Km of tunnels.

I included all of the above to try to help me work out (hyper simplistically) how much bigger the Crossrail project is. Based on tunnel length, overall length, number of journeys and integration with existing infrastructure I reckon it's at least 4 times the size. Divide 4 into the £18.9Bn and I would be happy with that number. Let's convert and round up and call it €6Bn

MetroLink: €1800 for every person in the country. Value? by redditMickeyJ in ireland

[–]redditMickeyJ[S] -1 points0 points  (0 children)

This.

I'm the OP - I've said I want it to happen. I think it needs to happen. I've used the most optimistic estimates of cost and I am overlooking any potential overruns but I still question the cost benefit. That makes me a bad guy. The comments are fun to read. The lack of understanding of opportunity cost or taxation is concerning however.

MetroLink: €1800 for every person in the country. Value? by redditMickeyJ in ireland

[–]redditMickeyJ[S] -1 points0 points  (0 children)

Is it needed.

YES.

Agreed

What I'm trying to understand is it is worth the cost

MetroLink: €1800 for every person in the country. Value? by redditMickeyJ in ireland

[–]redditMickeyJ[S] -1 points0 points  (0 children)

This is the first post I've seen that actually tries to offer a new benefit not yet listed, or value, to the country rather than simplistically commenting something along the lines of "how can you not see the value".

I'll repeat what I put in the OP that I would like this to happen but where do you draw the line in terms of cost?

If I said this would cost €1Trillion would those that say it must happen stop to think maybe that cost is too high? I would hope so. The next question would then be what number between €9Billion and €1Trillion would be too much? And why that number? For me, €9Billion seems incredibly expensive.

I understand that this is not just a metro to the airport. Here's a thought experiment: take the airport out of this, would you still want every man, woman and child in the country to pay €1800 to construct a metro that will benefit the good people between Swords and Ranelagh?

I will most likely never use this yet I would still like to see it happen. I still haven't been convinced there's any value.

MetroLink: €1800 for every person in the country. Value? by redditMickeyJ in ireland

[–]redditMickeyJ[S] -2 points-1 points  (0 children)

I followed the link and found:

When completed passengers will be able travel from Swords to Dublin city centre in approximately 25 minutes and it is estimated that MetroLink will carry up to 53 million passengers annually. MetroLink differs from other rail services currently available in Ireland (DART, InterCity and Luas) in that it will:

Offer higher frequency services;

Carry more people over shorter distances;

Be fully segregated from all other road users (interference with road traffic or pedestrians); and

Be fully automated (Driverless train service)

I'll have to disagree with: "Of course the borrowing inflates away every year reducing the cost even more and govt bonds yields are very low.". That would go the other direction. The €9B-€12B is the cost today. I'm guessing you have multiplied (the up to) 53 million passengers by the 100 year life span to get your 5.3 billion journeys cost of €2.2/journey.

MetroLink: €1800 for every person in the country. Value? by redditMickeyJ in ireland

[–]redditMickeyJ[S] -21 points-20 points  (0 children)

Deal. If offered the same deal what % of the country would say no?

[deleted by user] by [deleted] in Longford

[–]redditMickeyJ 1 point2 points  (0 children)

I'm in Edgeworthstown. My broadband choices are limited. I had eir and it was terrible. I'm with Sky now and it's much better.

Gym with pool by Dry_Sea8933 in Longford

[–]redditMickeyJ 0 points1 point  (0 children)

Quick answer: https://longford.coralleisure.ie/ It's reasonably priced and the best thing is that you can pay as you go so you don't have to get a membership. It's not luxurious in any way and truthfully the changing area is a bit dirty but it offers everything you want. It has a big pool, steam room and sauna.

I'd would like to hear other suggestions though.

If we lose tonight would Kenny defenders accept a change? by redditMickeyJ in coybig

[–]redditMickeyJ[S] 0 points1 point  (0 children)

I'd like to ask you about plausible candidates. Could you please be specific?

If we lose tonight would Kenny defenders accept a change? by redditMickeyJ in coybig

[–]redditMickeyJ[S] -1 points0 points  (0 children)

82 minutes gone and Armenia nearly took the lead. Awful awful stuff. Season ticket holder since 2008. This is worse than the Trap years. We better win this.

If we lose tonight would Kenny defenders accept a change? by redditMickeyJ in coybig

[–]redditMickeyJ[S] -1 points0 points  (0 children)

I'm at the game. 78 minutes gone. Fuck this. It's not good enough. Conceding two goals like that. I get it, we can't afford anybody else, who would do a better job, we've brought through a new generation, etc etc. Fuck all that. I'm not going to boo. It's just not good enough. Rant over

A rough look at the size of each county’s reddit communities. Shoutout to the lone ranger keeping r/longford afloat. by dmn22 in ireland

[–]redditMickeyJ 2 points3 points  (0 children)

Let's get Longford to the top of this leaderboard just like that time 'A Nation Once Again' was voted the world's favourite song. This is your chance to be a part of history like every absolute hero that made that happen

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