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Rise in Dublin property prices a sign the economy is improving?

  • 30-12-2012 11:24am
    #1
    Prometheus
    Registered Users, Registered Users 2 Posts: 85 ✭✭


    How is the rise of property prices the sign of improvement, as said by Michael Noonan in the Indo this morning. No decent house in Ireland especially in Dublin is worth the asking price even now after the crash.
    And now this. Would hate to be a young person trying to start out in family life at this time.
    Would also like to get the name of Banks that are helping people at the moment cause mine is actively trying to get rid of customers. (BOI)
    Will we ever fcuking learn.


Comments

  • #2
    4zn76tysfajdxp
    Closed Accounts Posts: 27,944 ✭✭✭✭4zn76tysfajdxp


    Petca4 wrote: »
    Would hate to be a young person trying to start out in family life at this time.

    Why? Because they can't afford to buy a house?


  • #3
    IM0
    Closed Accounts Posts: 5,390 ✭✭✭IM0


    no just getting stupid again


  • #4
    stateofflux
    Registered Users, Registered Users 2 Posts: 1,563 ✭✭✭stateofflux


    Petca4 wrote: »
    How is the rise of property prices the sign of improvement, as said by Michael Noonan in the Indo this morning. No decent house in Ireland especially in Dublin is worth the asking price even now after the crash.
    And now this. Would hate to be a young person trying to start out in family life at this time.
    Would also like to get the name of Banks that are helping people at the moment cause mine is actively trying to get rid of customers. (BOI)
    Will we ever fcuking learn.

    more bull**** propaganda via the indo...oooh and don't forget kids unemployment has dropped 'significantly' in the last quarter..significantly....with growth forecasts looking promising given the exports increase


  • #5
    SmilingLurker
    Registered Users, Registered Users 2 Posts: 222 ✭✭SmilingLurker


    Economy is getting more stable, but house price rises are a disaster. An adjustment down is best for everyone who is not downsizing. It increases the cost of living for the productive sector of the economy.

    For the record I am in negative equity (purchased end 2005) with a young family.

    Losses in the buy to let sector should be realised, and the state should dramatically reduce the rental allowance imo.


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