Eric Cartman wrote: » twitter, linkedin, indeed, wework, snapchat, uber, and a pile more do not make a profit, many of them are living on a loss and only make money through upping value and re-investment. its an infinite growth model that eventually has to run out of runway unless they can kick every other player out of the market which is a dangerous game to play.
Eric Cartman wrote: » twitter, linkedin, indeed, wework, snapchat, uber, and a pile more do not make a profit, many of them are living on a loss and only make money through upping value and re-investment.
Amirani wrote: » WeWork, Snapchat and Uber have feck all corporate presence in Ireland. Snapchat is London HQ and Uber is Amsterdam. The original poster's point was correct; most of the large tech employers in Ireland are profit making and have been around a long time. Google, Apple, Amazon, Facebook, Microsoft, SAP, Oracle sorts are the big employers here.
Eric Cartman wrote: » wework have about 6 buildings in south dublin that they rent out, they themselves have over 50 staff here, uber rent a lot of office space around fitzwilliam, forgot hubspot who have a lot of staff here, voxpro, apple are in cork microsoft are not in the city centre sap are in citywest oracle, google amazon facebook are all in the city centre but employ very few people, most of it is outsourced to other companies so theyre very light and mobile were any shift in the economy to happen. its off topic but the non profit making divisions / companies who employ thousands in the city are massively at risk. Regardless of how much money their parent has. Even the established players have set themselves up that were the favourable tax rates to end or the economy tank that they could leave almost immediately.
SozBbz wrote: » Any of us only need shelter for ourselves or any dependents. This is not about you or your needs/wants. The point is the definition of what constitutes a need versus a want. Having what is essentially guest accommodation/optional extra revenue is not a need. You wanted those things though, and you could afford them and no one is cricitizing you for that. Why is the word need" so important to you? Why do you feel you have to justify your choice?
Brussels Sprout wrote: » No, asking price has literally no correlation to the price of turnips or the number of nil-nil draws in the premier league this season. There is evidently a correlation between asking price and selling prices. Here's a list of asking prices for the past decade which we can see falling from a peak during the boom, bottoming out around 2012/2013, before rising steadily for a 5-6 year period, which we all know is the shape of the sale price of properties during this time period. Not to be putting words into your mouth but I suspect that your real point is on how strong this correlation really is.
snotboogie wrote: » Voxpro are in Cork, Irish owned and make a profit
helimachoptor wrote: » Voxpro are owned by a Canadian company, but lots of their contracts are with those big american tech companies. So the question would be if they left, would they keep their call centres here.
Sparky85 wrote: » Do you know how many 3 beds were launched & sold in the first phase? There does seem to be money out there for new builds like this, in a location like this..... even at that price
snotboogie wrote: » I have no idea if they would stay or leave. The point is that US multinationals in Ireland are not precarious because of unprofitable business models. Tax may be another issue but the idea that Dublin is about to burst because of over funded underprofitable tech is pie in the sky. Dublin or at least Ireland is home to most of the blue chip mature profitable Tech and Pharma companies out there. For better or worse volatile US startups are a blip on the employment radar here
JamesMason wrote: » Watch the first minute or so of future shock Ireland on YouTube and you might change your outlook
snotboogie wrote: » I can't predict the future of multinationals in Ireland let alone the impact a shock to the sector would have on the property market here. All I am saying is that the idea that tech in Ireland is a bunch of unprofitable quasi start ups living off debt is bollocks.
Padre_Pio wrote: » Also, the idea that ALL these multinationals are one day going to up sticks and leave is also bollocks. Companies come and go, someday Intel might leave and it'll be sh*t, but those people will find jobs in whatever company takes its place. HP closed, Dell closed and plenty like them, but there's always companies coming in here. Great tax breaks for R&D, the only English speaking country in the EU soon, low Corp tax, decent educated workforce, stable govt. We're doing very well for ourselves and have been for the better part of 30 years.
Bigmac1euro wrote: » IMO I wouldn’t go near a new build. We’ve seen this over the years. We don’t actually know how they’ll pan out until 10 years down the road. They never have a decent infrastructure in the local area. And they are also overpriced by at least 100k to a 2nd hand house in close proximity then add interest charges over the years of servicing the mortgage and this makes them even more expensive again. To top it off you’ve no back garden of decent size and if you do privacy is limited. You’ve no front garden in most. They are spacious and better planned out internally though but I can’t see many other pluses. For all the above reasons I won’t be going the new build route which I had originally planned but after some thinking and physically writing out the good and bad points it’s clear as day an older more established area would suit me better. Each to their own though. I must say the show houses are impressive.
hmmm wrote: » https://www.irishtimes.com/business/economy/housebuilding-in-dublin-stalls-amid-concern-over-affordability-1.4075676 Interesting. As some have predicted, builders will curtail building if prices start to fall and the market reaches a supply/demand balance. While in my view this isn't a bad thing, as usual the media spin is that somehow this is the Central Banks fault by "constraining affordability". Combine this with the Independent banging on about "cuckoo funds" and I have to wonder just how much the media is again becoming dependent on property advertising.
Reversal wrote: » Interesting to note, it's not just the prospect of falling prices haulting construction. But there IS a build up unsold stock, and that's what's spooking the investors. I can't understand how some are still adamant that this time IS different, and that demand is going to outstrip supply for years. Yet institutional investors are pulling back as the build up of unsold stock is worrying them.
19233974 wrote: » Lots of interesting views in the thread. So whats peoples predictions for the housing market in 2020? I think we will have a stagnation with the continued brexit uncertainty esp. if the election dosent go the tories way as well as investor/ buyers losing confidence in how things will play out. i cant see a crash coming simply just due to the increasing population and overall demand on housing, with supply not really going to increase to meet it. Although i do take the point that going by the traditional boom/bust cycle that is pretty certain in any economy we are probably due one.
19233974 wrote: » Lots of interesting views in the thread. So whats peoples predictions for the housing market in 2020?
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