Brendan O'Connor - Property Predictions Mark II

Armin_Tamzarian

http://www.independent.ie/opinion/analysis/brendan-oconnor-maybe-it-is-time-to-stop-thinking-of-property-as-a-nogo-area-2982478.html

Brendan O'Connor: Maybe it is time to stop thinking of property as a no-go area

If we have learnt anything from before, it is that following the herd might not be the best option, writes Brendan O'Connor

If you buy a property because Brendan O' Connor said it's cool, you only have yourself to blame.

GSF

is this really worth comment?

Dirk Gently

He's FF, he's from cork, he writes for the indo. he's irrelevant.



*half hearted apology to corkonians

MysticalRain

I predict this will be another article that will be quoted for years to come as stick to beat Brendan O'Connor and his fellow property whores in the Indo.

I will never call the property market again.

I should have stopped reading there. The point that people like Brendan O'Connor continue to miss is that property in Ireland is *still* grossly over valued, and house prices will continue to drop further until such time as they reach the level of a normal/non-bubble economy.

mikemac1

But maybe it's possible to get too greedy on the downside as well.

Sorry for hanging on and being very cautious before making the biggest purchase in my life. And sorry for wanting the best possible deal for myself

I've been greedy
And I'm following the herd :(

I shall buy next week Brendan and do my national duty

amacca

MysticalRain wrote: »

I predict this will be another article that will be quoted for years to come as stick to beat Brendan O'Connor and his fellow property whores in the Indo.

sadly...if he throws enough sh1t at the wall some of it will eventually stick.

cyclopath2001

Dirk Gently wrote: »

He's FF, he's from cork, he writes for the indo. he's

Didn't he used to be their restaurant critic?

johnnyskeleton

I don't think I'm either smart or ballsy enough to buy at the moment, but I'm working on it

Sea Sharp

I'm holding out for my 80k two bed apartment in a nice Dublin area.

MadsL

Sea Sharp wrote: »

I'm holding out for my 80k two bed apartment in a nice Dublin area.

Why hold out...

http://www.daft.ie/searchsale.daft?id=595413

79k


Or buy in bulk, 24 of these lovely shoeboxesdelightful urban residences, for 50k a piece (comes as a set of 24!)

http://www.daft.ie/searchnew_development.daft?id=13747

hmmm

Every couple of weeks he seems to give us his reasoned opinions on property, yet has has no qualifications or track record in this area. Isn't it time he found something else to write about on a Sunday, no-one is listening.

As for his substantive point, a few cash-rich people buying a handful of properties at Allsop does not mean the "smart and savvy" are taking advantage of a market because the rest of us are too timid to invest. There'll always be buyers for property at the right prices, but the Allsop prices of 70% off bubble high is not where the market in general has reached yet.

BornToKill

MadsL wrote: »

Why hold out...

http://www.daft.ie/searchsale.daft?id=595413

79k

That's for half ownership. The price is really €158,000.

johnnyskeleton

BornToKill wrote: »

That's for half ownership. The price is really €158,000.

Crazy. And I assume that as the contact person is "Stephen", it is not the genuine co-owership scheme run by local authorities but is just him asking someone to buy half his apartment from him. No wonder he doesn't use an estate agent - no bank in their right mind would give a mortgage for half an apartment shared with some randomer.

jank

Im ashamed that he is from Cork
Also Eoghan Harris

Well least we had Collins.

take everything

johnnyskeleton wrote: »

I don't think I'm either smart or ballsy enough to buy at the moment, but I'm working on it

Love the way Ballsy casually dismisses pretty much the whole internet as not worth listening to.

Armin_Tamzarian

The best bit is how his opening line is "I will never call the property market again", followed of course by an attempt by him to call the property market.

Dannyboy83

When we were growing up, the question among my friends was
"How the hell are we ever going to own a house in this country?"

Now the question seems to be
"Why the hell would we ever want to own a house in this country?"

Most of them have left Ireland anyway.

ILikeBananas

How much property does he own himself for him to write that trash? He's basically spun an entire story around some whisperings from "people in the know".
Apparently, he's being talked about as the next editor of the Sunday Independent. I'm hoping that he gets the job so that he can do the country a favour and finally run it into the ground.

Sand

If we have learnt anything from before, it is that following the herd might not be the best option, writes Brendan O'Connor

If we have learnt anything from before, it is that following Brendan O'Connors advice on the property market is a really bad idea.

I like the herd mentality thing - its a theme thats been hijacked by the irrational hope brigade where they try to argue that the realistic view of our prospects and economic development is somehow as irrational or groundless as the Celtic Tiger zeitgeist. By this argument, factors such as heavy unemployment, rising emigration, huge levels of private and public debt, lack of credit, oversupply of property, expectation of an excruciatingly drawn out period of austerity and so on are all fairly irrelevant. Its belief, or the lack of it thats the problem apparently.

ILikeBananas

ILikeBananas wrote: »

How much property does he own himself for him to write that trash? He's basically spun an entire story around some whisperings from "people in the know".
Apparently, he's being talked about as the next editor of the Sunday Independent. I'm hoping that he gets the job so that he can do the country a favour and finally run it into the ground.

I never seen a paper with so much opinionated rubbish. They always seem to have an agenda. They dont even hide it anymore. There is no news in it from any of the main reporters, just their opinion of the news or the opinion of a FF TD or leader.
I stopped buying it a long time ago, unfortunately cannot persuade the parents. If the people that do read it would just do it online then they might start to bring the paper down to earth instead of financing the ramblings of FF HQ>

ILikeBananas

Deleted User wrote: »

I stopped buying it a long time ago, unfortunately cannot persuade the parents. If the people that do read it would just do it online then they might start to bring the paper down to earth instead of financing the ramblings of FF HQ>

Same. My parents buy it every week out of force of habit. It has so many agendas it's ridiculous:

• Backing FF (John Drennan, Jodie Corcoran)
• Vilifying SF (Eoghan Harris, half of the other "journalists")
• Heralding a select group of obnoxious Dublin people and their children as demi-gods (Barry Egan, Niamh Horan )
• Bashing the Public Sector (Daniel McConnell, Eoghan Harris )
• Praising the British Royal family (Ruth Dudley Edwards, John Paul McCarthy)
• The continuing battle to beatify Brian Lenihan and clear the records of his terrible decisions (Willie O' Dea, Celia Larkin)
• Talking up the Property market (Brendan O' Connor, Marc Coleman)

It's as bad as any tabloid. No, in fact it's worse, because it's masquerading as something more substantive.

jmayo

hmmm wrote: »

Every couple of weeks he seems to give us his reasoned opinions on property, yet has has no qualifications or track record in this area.

Ehh actually he does have a track record on property, but then again it a very poor one.
A bit like dan mclaughlin's track record on the economy. :rolleyes:

jank wrote: »

Im ashamed that he is from Cork
Also Eoghan Harris

Well least we had Collins.

Yeah and ye had to shoot him didn't ye :mad:

Solair

I really think people need to realise that speculating on housing is about as dangerous and mortally reprehensible as speculation on food.

Ireland's property prices are likely to continue to fall. There are absolutely no reasons why they should rise.

High unemployment
HUGE cuts in public expenditure
day to day funding of the state being provided by the IMF!
High emigration
A failed banking system that can't lend.
A currency that may or may not exist and appears to be increasingly unstable.
Trade partners that are in deep recession.
Increasing taxes and other charges impacting on disposable income.
Shakey retail sector
massive, massive oversupply of property being kept off the market by state intervention, NAMA.

Anyone predicting a market surge is either a comedian or has some agenda.

This is way beyond a recession. It's bordering on economic collapse.
If it weren't for the EU acting as lender of last redoet, we would have fully collapsed by now, much like many south American countries did in the past.

Solair

I really think people need to realise that speculating on housing is about as dangerous and mortally reprehensible as speculation on food.

Ireland's property prices are likely to continue to fall. There are absolutely no reasons why they should rise.

High unemployment
HUGE cuts in public expenditure
day to day funding of the state being provided by the IMF!
High emigration
A failed banking system that can't lend.
A currency that may or may not exist and appears to be increasingly unstable.
Trade partners that are in deep recession.
Increasing taxes and other charges impacting on disposable income.
Shakey retail sector
massive, massive oversupply of property being kept off the market by state intervention, NAMA.

Anyone predicting a market surge is clearly looking at a totally different Ireland to reality.

This is way beyond a recession. It's bordering on economic collapse.
If it weren't for the EU acting as lender of last resort we would have fully collapsed by now, much like many south American countries did in the past.

The absolute best the property market could hope for here is some kind of a return to stability. Growth in prices is an absolute pipe dream until the above list of problems is resolved, which could easily take a decade.

Dr Galen

I'm not really sure what this thread is about tbh?

Surely no-one takes O'Connor seriously as a journalist? I'd likely take the view of Brendan O'Carroll more seriously.....on pretty much any topic.

RGDATA!

my favourite part is how he would have got away with it (his Property Predictions Mark I) if it wasn't for that pesky internet

Duckjob

Dr Galen wrote: »

I'm not really sure what this thread is about tbh?

Surely no-one takes O'Connor seriously as a journalist? I'd likely take the view of Brendan O'Carroll more seriously.....on pretty much any topic.

O'Connors "journalism" is a much funnier joke than Mrs Brown though.

Solair

Dr Galen wrote: »

I'm not really sure what this thread is about tbh?

Surely no-one takes O'Connor seriously as a journalist? I'd likely take the view of Brendan O'Carroll more seriously.....on pretty much any topic.

We have an age old tradition of only taking economic advice from comedians!

daltonmd

The really frightening thing is that he gets paid to wheel out this tripe time and time again and the scary thing is that he has an audience, people watch his show and read his columns - it isn't that he hasn't learned, Irish people haven't.

jmayo

Duckjob wrote: »

O'Connors "journalism" is a much funnier joke than Mrs Brown though.

I definetly don't find o'connors journalism funny even when compared to Mrs Brown.

I find it reprehensible that idiots like him are paid to mouth such sh**e and are trying to influence gullible gobsh**es to go further into debt.

The people who buy that rag have a lot to answer for, because without their continued support the sindo would be consigned to where it belongs, somehtign to be used in an old style outside toilet.

Solair wrote: »

We have an age old tradition of only taking economic advice from comedians!

First off you are stretching the definition of economic advice and secondly you are really stretching the defintion of a comedian, which o'connor failed abysmally at.

MysticalRain

RGDATA! wrote: »

my favourite part is how he would have got away with it (his Property Predictions Mark I) if it wasn't for that pesky internet

Heaven forbid journalists should be held accountable for any bold claims they make.