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I signed my life away for the sake of city centre apt.

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    #122
    Degsy
    Banned (with Prison Access) Posts: 16,397 ✭✭✭✭Degsy


    The silly bint.
    She made a number of mistakes..she bought an apartment instead of a house...never gonna be a good investment or suitable for children,beset by management fees and all sorts of nonsense to say nothing of the fact that apartment "purchases" are actually just leasehold interests..you NEVER own an apartment.

    She bought it with a view to "trading up" and moving to a house
    She borrowed FAR more money than she could afford because she assumed that property would continue to rise in value and she would have "equity".
    She took a 40 year mortage,meaning she would be in her 70's by the time its paid off.
    She fell for the whole docklands,cafe latte lifestyle bullshiit that her own poxy paper were pitching at people.


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    #123
    Duggy747
    Registered Users Posts: 13,295 ✭✭✭✭Duggy747


    She needs to blow it up or fake her death to cover her ass on this one!

    Times like this I'm glad my wallet contains more sense than money......................................wait a minute..............


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    #124
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    saltandpepper10 wrote:
    what a bunch of told you so ***** irish people are turning into

    You're new to boards, research all property related posts since 2006 before spouting such crap ;)

    I live around the corner from her (renting of course :D), if she had read boards with a bit of research I could of advised her at the time over a posh latte not to buy. ;)


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    #125
    BraziliaNZ
    Banned (with Prison Access) Posts: 5,671 ✭✭✭BraziliaNZ


    Degsy wrote: »
    The silly bint.
    She made a number of mistakes..she bought an apartment instead of a house...never gonna be a good investment or suitable for children

    Tell that to the hundreds of millions of perfectly good citizens who grew up in apartments in France, Germany, Austria, Spain. It's only in Ireland/UK where we have a hard on for houses.


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    #126
    saltandpepper10
    Closed Accounts Posts: 194 ✭✭saltandpepper10


    gurramok wrote: »
    You're new to boards, research all property related posts since 2006 before spouting such crap ;)

    I live around the corner from her (renting of course :D), if she had read boards with a bit of research I could of advised her at the time over a posh latte not to buy. ;)
    research all property posts wtf is that all about are these posts the pulse of the property market in ireland you fool


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    #127
    Degsy
    Banned (with Prison Access) Posts: 16,397 ✭✭✭✭Degsy


    BraziliaNZ wrote: »
    Tell that to the hundreds of millions of perfectly good citizens who grew up in apartments in France, Germany, Austria, Spain. It's only in Ireland/UK where we have a hard on for houses.

    The difference being that apartments in europe are usually better built,larger and a lot cheaper.


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    #128
    discus
    Closed Accounts Posts: 3,049 ✭✭✭discus


    Degsy wrote: »
    The silly bint.
    She made a number of mistakes..she bought an apartment instead of a house...never gonna be a good investment or suitable for children,beset by management fees and all sorts of nonsense to say nothing of the fact that apartment "purchases" are actually just leasehold interests..you NEVER own an apartment.

    Amen.
    She bought it with a view to "trading up" and moving to a house
    She borrowed FAR more money than she could afford because she assumed that property would continue to rise in value and she would have "equity".
    She took a 40 year mortage,meaning she would be in her 70's by the time its paid off.
    She fell for the whole docklands,cafe latte lifestyle bullshiit that her own poxy paper were pitching at people.

    Again, amen. It's almost as if people were buying property and living according to FRIENDS and SATC! Lattes, posh (expensive) apartments :D:pac:

    I guess dubs like me and you don't buy into such BS degsy :)


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    #129
    AnonoBoy
    Closed Accounts Posts: 22,559 ✭✭✭✭AnonoBoy


    saltandpepper10 wrote: »
    research all property posts wtf is that all about are these posts the pulse of the property market in ireland you fool

    Ah saltandpepper we hardly knew you.


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    #130
    discus
    Closed Accounts Posts: 3,049 ✭✭✭discus


    Degsy wrote: »
    The difference being that apartments in europe are usually better built,larger and a lot cheaper.

    Whereas Ireland was suckered into thinking that we should pay half a million euros for 2 bedrooms!!


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    #131
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    saltandpepper10 wrote: »
    research all property posts wtf is that all about are these posts the pulse of the property market in ireland you fool

    There is an Accommodation forum you know where all aspects of property including their wonderful prices have been debated to death since the foundation of boards itself.

    Read up before criticising others as 'told you so *****'


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    #132
    BraziliaNZ
    Banned (with Prison Access) Posts: 5,671 ✭✭✭BraziliaNZ


    Degsy wrote: »
    The difference being that apartments in europe are usually better built,larger and a lot cheaper.

    cheaper yes, but the new apts here are generally quite nice, all the ones in Germany I've been in have been quite modest.


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    #133
    Degsy
    Banned (with Prison Access) Posts: 16,397 ✭✭✭✭Degsy


    discus wrote: »
    Whereas Ireland was suckered into thinking that we should pay half a million euros for 2 bedrooms!!

    Anybody who fell for that line wants thier head examined.
    There were terribly built,two bed apartments in Tyrrelstown and ongar for the same price you could get a three bedroom semi in Glasnevin...


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    #134
    BraziliaNZ
    Banned (with Prison Access) Posts: 5,671 ✭✭✭BraziliaNZ


    discus wrote: »
    Amen.



    Again, amen. It's almost as if people were buying property and living according to FRIENDS and SATC! Lattes, posh (expensive) apartments :D:pac:

    I guess dubs like me and you don't buy into such BS degsy :)

    so "real dubs" say apartments are a waste of money? God, I'd expect this on the Adrian Kennedy phone show, but boards??


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    #135
    The Aussie
    Registered Users Posts: 2,440 ✭✭✭The Aussie


    saltandpepper10 wrote: »
    research all property posts wtf is that all about are these posts the pulse of the property market in ireland you fool

    Oh yeh, i consult Boards.ie for all lifes decisions, doesnt everyone...


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    #136
    Degsy
    Banned (with Prison Access) Posts: 16,397 ✭✭✭✭Degsy


    BraziliaNZ wrote: »
    cheaper yes, but the new apts here are generally quite nice, all the ones in Germany I've been in have been quite modest.


    Maybe at the top end of the market but the basic 'starter' one and two bedroom apartments are nothing but shoeboxes.
    There are plenty of apartments smaller than 48m2 and they will NEVER be re-sold.


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    #137
    AnonoBoy
    Closed Accounts Posts: 22,559 ✭✭✭✭AnonoBoy


    The Aussie wrote: »
    Oh yeh, i consult Boards.ie for all lifes decisions, doesnt everyone...

    Yup.

    In a particularly epic PI thread a few years back I did decide to divorce my wife.

    Thank you once again boards for saving my bacon.


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    #138
    j1smithy
    Closed Accounts Posts: 605 ✭✭✭j1smithy


    BraziliaNZ wrote: »
    so "real dubs" say apartments are a waste of money? God, I'd expect this on the Adrian Kennedy phone show, but boards??

    Plenty of people, many "true dubs" have been born and reared in apartments in Dublin. The only difference is the used to call them flats back then.

    There is no reason a family couldn't be brought up in one if it was big enough


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    #139
    TheZohanS
    Closed Accounts Posts: 11,582 ✭✭✭✭TheZohanS


    saltandpepper10 wrote: »
    research all property posts wtf is that all about are these posts the pulse of the property market in ireland you fool

    If you were Mr. T I'd let you away ith calling someone a fool.

    But you're not.

    Get some nuts!


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    #140
    RubyBlu
    Closed Accounts Posts: 300 ✭✭RubyBlu


    In fairness, I feel bad for the girl. Someone else mentioned, at least she is going to take the punishment. Look at those developers who are getting bailed out and blowing big money on holidays, etc. The girl did write about it. How many people are going through the same thing and keeping it quite. I guarantee a lot of your neighbours/colleagues are probably in the same position. So what, she made a mistake. Give the girl a break.


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    #141
    John_Rambo
    Registered Users Posts: 9,535 ✭✭✭John_Rambo


    RubyBlu wrote: »
    In fairness, I feel bad for the girl. Someone else mentioned, at least she is going to take the punishment. Look at those developers who are getting bailed out and blowing big money on holidays, etc. The girl did write about it. How many people are going through the same thing and keeping it quite. I guarantee a lot of your neighbours/colleagues are probably in the same position. So what, she made a mistake. Give the girl a break.

    I have tried this tack. They are ruthless property experts here though.


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    #142
    Pittens
    Closed Accounts Posts: 1,404 ✭✭✭Pittens


    I have tried this tack. They are ruthless property experts here though.

    Indeed they are. If in doubt go look at the property threads - use the search function. I have lurked for a long time and I know what is going on, you have come to a forum where people who have posted on this thread have been posting for years facts, statistics, links to economists and other resources - all pointing out that the property market was overvalued and would possibly fall by up to 50%, as happened. As far back as 2005.

    understandly the people who have posted such stuff have little tolerance of newcomers who dont have the curtest to learn the ropes.

    So. Go. Look. It. Up.
    The reason I asked did anyone know how much the apartment would be worth in 28 years time is that the only time I ever worried about the price of property was when I was selling it.

    Wrong. You have to worry about the drops after you buy it. She has lost, by her own reckoning, 200K plus interest over her lifetime ( and was honest enough to mention that). So thats 400K over the loan.

    Thats immense.


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    #143
    muppet26
    Closed Accounts Posts: 30 ✭muppet26


    just read the article there, while she describes her own personal situation it reflects what a lot of people are dealing with at the moment. at the end of the day the irish independent is the most popular widely read newspaper in Ireland for a reason so the article is quite relevant.


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    #144
    bnt
    Registered Users Posts: 12,961 ✭✭✭✭bnt


    I have two words for this lady: strategic default. :cool:

    From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, ‘Look at that, you son of a bitch’.

    — Edgar Mitchell, Apollo 14 Astronaut



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    #145
    Nate--IRL--
    Registered Users Posts: 2,219 ✭✭✭Nate--IRL--


    bnt wrote: »
    I have two words for this lady: strategic default. :cool:

    You just try that in this country........... we aren't in the US. No Jingle Mail here.

    Nate


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    #146
    Pittens
    Closed Accounts Posts: 1,404 ✭✭✭Pittens


    That is one thing the US does right. It can keep the banks honest too.


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    #147
    Nate--IRL--
    Registered Users Posts: 2,219 ✭✭✭Nate--IRL--


    Pittens wrote: »
    That is one thing the US does right. It can keep the banks honest too.

    It did work as an active deterrent to over leading by the US banks, until securitisation became popular and moved the risk to investors in derivatives. I can't see it ever being introduced here though. However Irelands Bankruptcy laws are well over due for an update.

    Nate


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    #148
    the_dark_side
    Closed Accounts Posts: 595 ✭✭✭the_dark_side


    there will be people murdered yet over such property price corruption


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    #149
    Nate--IRL--
    Registered Users Posts: 2,219 ✭✭✭Nate--IRL--


    the_dark_side wrote: »
    there will be people murdered yet over such property price corruption

    Although not entirely the same, it made me think of this story.....

    29 property suicides leave State unmoved

    Nate


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    #150
    shoegirl
    Registered Users Posts: 2,018 ✭✭✭shoegirl


    There are thousands of people in Dublin paying 600-700 a month to SHARE houses and apartments, who have no other feasable choice but to. I've far more sympathy for them, or people who bought miles out because they were being crippled by equally high rents (and still would be incidentally) than I do for people who made very poor decisions for pseudo trophy properties.


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    #151
    Hal1
    Registered Users Posts: 8,720 ✭✭✭Hal1


    http://www.boards.ie/vbulletin/showthread.php?t=2055846951

    Poor cat taught so :pac:.
    After about 3 months she started showing me that she wanted to jump out of the window.


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