The property market may just have bottomed out.

orourkeda

http://moneyland.time.com/2011/07/18/man-gets-330000-home-for-16/

Thanks to a little-known Texas law, a man found an abandoned $300,000 home, moved his stuff in and filled out some paperwork. It cost him $16. Now, apparently he’s a homeowner.

On June 17, Kenneth Robinson moved into a $330,000 home in an upscale neighborhood in Flower Mound, Texas. Except, instead of going through a bank, wading through the mortgage process and making a down payment, Robinson went to the Denton County Courthouse and filled out a form. The house he was after was abandoned, and the mortgage company went out of business. So after months of research, Robinson took advantage of a Texas law called “adverse possession.” All he had to do was print out an online form and for a $16 fee was granted rights to the house.

Needler

time for me to buy that shack in limerick so before it goes up to 11 grand

Dionysus

orourkeda wrote: »

http://moneyland.time.com/2011/07/18/man-gets-330000-home-for-16/

In Ireland, don't believe a single solitary word of it.

Dangerous Man

Fuck the property market.

orourkeda

Dangerous Man wrote: »

Fuck the property market.

How are your mortgage repayments going?

discus

Thank god for that.

Now we can finally return to a situation where most people buy a second home to rent out, where taxi drivers have 2/3 mortgages and a tiny ****hole apartment in a rundown part of town can be sold as a "cosy slice of urban living space"

**** the property market.

Mickeroo

Bottomed out me hole, lots of houses are still extortionately priced here.

TheZohanS

orourkeda wrote: »

http://moneyland.time.com/2011/07/18/man-gets-330000-home-for-16/

http://www.rte.ie/news/business/

KeithM89_old

OP edited.

Itd be great if people didnt just post links

discus

Mickeroo wrote: »

Bottomed out me hole, lots of houses are still extortionately priced here.

Sickening isn't it?

starbelgrade

KeithM89 wrote: »

OP edited.

Itd be great if people didnt just post links

It'd be even better if people browsed the internet without the use of phones, like normal people.

And by normal, I mean, climbing through your next door neighbour's back window when they are asleep & using their computer & modem.

7sr2z3fely84g5

Sell houses on adverts and expect the offers to pour in-

I swap you this ford ka for your bungalow

starbelgrade

Johanna Defeated Yam wrote: »

Sell houses on adverts and expect the offers to pour in-

I swap you this ford ka for your bungalow

Does it have a good BER rating?

Tehachapi

That's a beautiful home for what - €235,000. When you consider the sh1te 2-bed apartments Irish people paid €500,000+ for. Irish prices have a good bit to drop yet.

starbelgrade

Tehachapi wrote: »

That's a beautiful home for what - €235,000. When you consider the sh1te 2-bed apartments Irish people paid €500,000+ for. Irish prices have a good bit to drop yet.

You can buy an old health centre in Sligo for 1/10th of that price... €25k - buildings and all... a snip:

http://www.myhome.ie/residential/brochure/curry-co-sligo/1492286

7sr2z3fely84g5

Tehachapi wrote: »

When you consider the sh1te 2-bed apartments Irish people paid €500,000+ for

i dont know to feel sorry or to laugh at them people.

starbelgrade

Johanna Defeated Yam wrote: »

i dont know to feel sorry or to laugh at them people.

It's possible & quite understandable to do both.

Tehachapi

starbelgrade wrote: »

You can buy an old health centre in Sligo for 1/10th of that price... €25k - buildings and all... a snip:

http://www.myhome.ie/residential/brochure/curry-co-sligo/1492286

Shed in sligo....large detached family home in a nice part of texas where there's 38 degrees C sunshine this week

squod

starbelgrade wrote: »

You can buy an old health centre in Sligo for 1/10th of that price... €25k - buildings and all... a snip:

http://www.myhome.ie/residential/brochure/curry-co-sligo/1492286

How much land is it on I wonder?

Sea Sharp

there's absolutely not a chance in hell the housing market will bottom out until a while after this government implements the final austerity budget (3,4,5 years time?).

Kojak

starbelgrade wrote: »

You can buy an old health centre in Sligo for 1/10th of that price... €25k - buildings and all... a snip:

http://www.myhome.ie/residential/brochure/curry-co-sligo/1492286

Why hasn't that been sold yet? Its a prize asset if ever I seen one....

Saila

genius!, fair play to him

Crazy Horse 6

Well done to that man. A friend of mine bought a house in Orlando Florida couple of months back for 30,000 dollars as a holiday home. It even has a small swimming pool and garage. 3 bed. Said house was priced at 320,000 dollars only four years ago. Some great bargains to be had out there but not in this country.

2 stroke

Kojak wrote: »

Why hasn't that been sold yet? Its a prize asset if ever I seen one....

Its in sligo, but I guess you could dismantle the building and rebuild somewhere decent.

Needler

Johanna Defeated Yam wrote: »

i dont know to feel sorry or to laugh at them people.

The worst about it these people are all bitter about "one-off" housing because the people living in them got a way bigger house for less than the two-bedroom apartment crowd. Then they complain that the countryside has been ruined when leave their shoebox apartment on a sunday aftnoon just because there's a few houses by the side of the road

red menace

bindun

Needler

red menace wrote: »

bindun

I'd buy the Skoda instead. I could live in it's supermassive boot with my whole family and all my stuff and even a few spare cars in there and if any criminals show up I can just move it

johnp

orourkeda wrote: »

http://moneyland.time.com/2011/07/18/man-gets-330000-home-for-16/

The price went up between paragraphs 1 and 2.
The market has not only bottomed out, but is bouncing back at an amazing rate.