pyramuid man wrote: » In relation to someone earlier saying that something may change if SF got into power, all I can say is this. If you think things are bad with property prices and interest rates bring charged by banks at the moment, look at what it could be. Sinn Feins policies will effectively stop mortgage lending and drastically increase interest rates for people who do have a mortgage. Their anti eviction and socialist policies will make it impossible for banks to take action against those who can but won't pay their mortgages and landlords will not be able to evict tenants under any circumstances from what I can see. In this respect they will make it impossible for banks to lend money as there will be no recourse for them to take action against defaulters. Purple who are in rental accommodation can't be removed so the rental market will stay full with nowhere for people to move on to. This doesn't appeal to me personally.
JJJackal wrote: » 98 You are comparing 2013 (the worst recession and housing crisis in memory) to today. Average Prices in 2013 were the same as in 2003 according to the cso website. Another way to look at house prices is to say that this type of house has increased from 100k (we dont know what price it was sold for?) in 2003 to 215k today (he may not get that)- just over a doubling of price in 16 years is probably ok - somewhere between 4-5% increase per year. Really Irish Housing is such a dysfunctional market!
coolshannagh28 wrote: » We are at the forefront of this model since the crash with vulture funds, REITS,and hedge funds the preferred landlords with guaranteed secure long term yields. We seem to be a model for the movement towards minimum income and our financial model lends itself to this experiment.
AlmightyCushion wrote: » I thought you must have got the size wrong because 10sqm sounds absolutely horrendous. Turns out it's true but they are horrendous and not even cheap.https://www.green-acres.fr/en/properties/56363a-458.htm €85,000 for that tiny piece of crap! That is not the solution to our housing issues.
abcabc123123 wrote: » That looks like a stepping stone to suicide. Good god.
scheister wrote: » The prices are very annoying at the moment. I will be looking to buy next year. Ill give an example from where i live. Back in 2013 a 2 bed townhouse went on the market for 100k so first time buyer needed to earn €25,714 assuming singly buyer. one of its neighbours still a 2 bed townhouse is now on the market at 215k so the same buyer needs to be on €55,285 a year now to get a mortgage.
Fol20 wrote: » The problem however is they provide a lot of miss information and if they ever get into the power they could drive ireland even further off a cliff compared to the people we have right now. I actually think FG is doing a worse job than FF for their housing policies. One interesting thing i saw on the the continent is small studio apartments for sale where they would be circa 10m squared in total. Its not ideal for a family however as a stepping stone to something where it provides some the option of not renting and getting one of these instead, i think it might be a good proposition. Even in cities such as Paris these were affordable.
Browney7 wrote: » It's true their economic policies leave a lot to be desired but FF were in power when the economy was driven off a cliff and FG have presided over the last number of years which has resulted in rocketing rents. Younger people will aspire to owning their own place and not getting fleeced to put a roof over their head in rent. Vote FG and FF and it's more of the same, vote SF and it "may" change. It's not surprising people with sweet FA are gravitating towards what they want to hear. Property ownership has always been used as a means of political control - right to buy and Maggie T and all that.
Fol20 wrote: » Im talking general terms for Sinn Fein and when they are so socialist in nature, where are they going to receive the funding for all of their ïmprovements"
Sunrise_Sunset wrote: We're currently house hunting. I wonder should we wait until after Brexit?
Pussyhands wrote: » More economic forecast cuts...Brexit 3 weeks away..https://www.rte.ie/news/business/2019/0306/1034610-oecds-interim-economic-statement/
Sheeps wrote: » Do you honestly believe Eoin O'Broin is just talking fluff on housing?
Fol20 wrote: » Their economics policies leave a lot to be desired with no critical thinking or logic behind them. Its all buzz words and fluff with nothing to back it up.
Bluefoam wrote: » I'm pretty sure that the powers in world economy dont want you to own your property... They want you to rent a home, pay monthly insurance, phone bills, heating and energy, bins collection, car payments, subscribe for wifi, TV, music, netflix, amazon prime, house alarm... even your doorbell needs a subscription these days... They want to lock you in... nice diligent subsiption based humans are better than free thinking, financially independent ones. The key is to buy your house & do it as soon as possible. There will soon be a divided society... those who own & those who don't.
Sheeps wrote: » Pretty telling results in the Irish Times political poll today also:https://www.irishtimes.com/news/politics/poll Sinn Féin who are arguably leading the housing debate are dominating support in the under 35's, where as Fine Gael only begin to take the lead in the opinion polls after 35. In my view the fact that the average first time buyer is now 34 is no coincidence, and reinforced by the fact that people who are unmarried (who also find it hardest to get on the housing ladder) are also highly supportive of Sinn Féin. There are obviously other factors here, but hard to see how housing wont dominate the next general election.
optogirl wrote: » I just keep thinking, hoping, that something has to give but I've been thinking that for a long time now. Very frustrating to think that I will be stuck in the rental sector with no security & ever increasing rent.
Investors literally have billions of euro that enables them to buy up entire apartment blocks to rent out. They have identified that our dysfunctional housing market is unlikely to ever be able to supply the volume of homes at prices that are affordable for ordinary buyers.
Mad_maxx wrote: » Galway city is extremely expensive so wouldn't surprise me if they get it
JohnCleary wrote: » Recently viewed a property in Galway City. Great location, main downside is on-street parking and the house is directly on a public footpath (quiet street but busy foot traffic) 1000 sq ft, 3 bed, BER F AMV 295k Went into the house and instantly the auctioneer (we'd met before from other viewings) stated that due to interest, AMV is now 345k. I take a look around... all the walls plastered and damp around the windows (I pushed my finger through one piece beside the window). When bought during the boom (2 owners ago, according to folio), the guy obviously had plans to develop... built a 'shed' out the back with power with obvious notions to turn into a studio.... no planning (but it's been there 12 years, so not sure what the story is now) - either way, it's just a shell. To provide power, mains line running over the kitchen cubbords, through the wall and out the garden... lovely. 'Refurbished' in haste to get a rental in there, I assume.... terribly done. All old doors etc. painted by, I can only guess, Stevie Wonder. Laminate flooring not even finished off properly. Central heating pipes above ground. 345k? I wish them the best of luck!
Bluefoam wrote: » Having grown up in a nice suburb of Dublin, I parked my bike at the dart station three times. Had my saddle stolen once, front wheel robbed another time and the third time my bike just wasn't there when I came back... Besides that, people have other considerations and cycling may not suite... So yes it is a simplistic view, but not necessarily a wrong view...
