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Property Investing - Is it time to jump back in ??? Check the figures !!!

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    #32
    SimpleSam06
    Closed Accounts Posts: 4,048 ✭✭✭SimpleSam06


    jimmycrackcorm wrote: »
    €350k for that area is a no-brainer. At the same price as many typical 3 bed suburbs it doesn't matter if price drops more, in the log run you'll gain or someone else will if you don't.
    Was it a no-brainer at 450k? Will it be a no-brainer at 250k?


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    #33
    Duckjob
    Registered Users Posts: 2,857 ✭✭✭Duckjob


    jimmycrackcorm wrote: »
    €350k for that area is a no-brainer. At the same price as many typical 3 bed suburbs it doesn't matter if price drops more, in the log run you'll gain or someone else will if you don't.

    No offence, but I find statements like this one funny.

    One of the interesting side-effects of the property boom is that people have lost all concept of the value of money and/or it's the "fashionable" thing to speak of large sums of money in dismissive terms.

    I'm not ashamed to say that to me, €350k is a huge amount of money. The difference between having to borrow €300k now or possibly only having to borrow €200-250k next year is also huge.

    Like anyone else, I've no crystal ball, but I'm pretty sure of which direction property is NOT going in the next year or two. I genuinely don't see how anyone can talk about 'gains' in relation to buying property at the moment. By the time property turns around and starts looking like a healthy investment again, more than likely you could already have made a fortune investing your cash elsewhere.


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    #34
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,479 Mod ✭✭✭✭johnnyskeleton


    SkepticOne wrote: »
    This graph, if true, shows that there's also an even bigger backlog of sellers waiting for the market to improve.

    I think this is one of the big unknowns of the market at the moment. The way I sees it, there are a lot of people who are considering selling but staying put in the hope that the market will return to its former height.

    If there are 70k houses for sale at the moment (daftwatch figures), and a possible further 100k in new developments completed or nearly completed in the second half of 2006 and all of 2007/08 there could also be another large number of people who want to sell but since there are already 3/4 properties for sale on their street they are holding off.


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    #35
    BobbyD10
    Registered Users Posts: 620 ✭✭✭BobbyD10


    Anyone know how much these would be going for now...:

    http://archives.tcm.ie/businesspost/2006/01/29/story11269.asp

    Third paragraph give the prices then...they where all sold then but second phase should be released soon enough I guess.

    Some interesting/differing opinions :

    http://www.askaboutmoney.com/showthread.php?t=21104

    Post number ten seems fairly accurate to me and that was over two years ago.


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    #36
    jetski
    Registered Users Posts: 820 ✭✭✭jetski


    ^ Deserves its own thread imo


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    #37
    SimpleSam06
    Closed Accounts Posts: 4,048 ✭✭✭SimpleSam06


    BobbyD10 wrote: »
    http://www.askaboutmoney.com/showthread.php?t=21104

    Post number ten seems fairly accurate to me and that was over two years ago.
    Ah yes, that was back before AAM went berserk and started throwing out anyone who said that property might not keep going up forever.


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    #38
    whizzbang
    Registered Users Posts: 1,366 ✭✭✭whizzbang


    SimpleSam06 wrote: »
    Ah yes, that was back before AAM went berserk and started throwing out anyone who said that property might not keep going up forever.

    BAN HIM!


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    #39
    SimpleSam06
    Closed Accounts Posts: 4,048 ✭✭✭SimpleSam06


    whizzbang wrote: »
    BAN HIM!
    YARR ILL MAKE ME OWN WEBSITE WITH BLACKJACK AND HOOKERS!11! IN FACT SCREW THE WEBSITE!!


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    #40
    pocketdooz
    Registered Users Posts: 1,559 ✭✭✭pocketdooz


    As a result of advice from people on here, looking at the property pin, contacting the cso and talking to an estate agent I have decided not to go ahead with the purchase.

    I will be looking for my €10,000 back from Gunne's on Wednesday and will be backing out of the deal.

    !!!!!!!!! tough to pull out but I think it's the right choice ? ! ? ! ?


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    #41
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,279 Mod ✭✭✭✭The_Conductor


    Well- buying property, like anything else, is a gamble. The odds are stacked against you on this occasion- its likely there will be better options open to you down the road.

    The one thing which does my head in is the notion of "dead money" which was used in psychological games for the last few years. Hopefully people will learn something from their experiences........ history tells us they probably won't........


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