smurgen wrote: » held off buying and happy now. Massive corrections coming down the line.
awec wrote: » You've said this many times now, eventually you'll be right. Come back to us when you actually buy something and we can work it out then.
fliball123 wrote: » Has anyone else noticed a lack of propreties for sale on the likes of myhome and daft. I was just looking 2 weeks ago there were over 20000 now its downs 19100 I know not all house are on this but it seems to be decreasing week on week
JamesMason wrote: » The GLOBAL economy is in free fall with stock markets crashing everywhere. Make no mistake, this will have a huge effect on the Irish economy. Expect job losses and a decrease in demand for housing.
The Student wrote: » At a local level I have noticed alot of investment properties coming on the market, I wonder how many are as a result of the CGT exemption periosd starting and also landlords leaving the market. It is easy to identify those properties that were rented from the pictures. Maybe some of the new builds are not even reaching the market and being sold off plans to institutional investors.
Woshy wrote: » As someone buying at the moment it is very noticeable. There is very little stock in the area we are looking. We are sale agreed atm but if it falls through there are no other houses that are even vaguely suitable for us to even go view.
fliball123 wrote: » I just think it strange people saying prices are going to fall when at a local level the fundamental principle of supply and demand is stepped heavily on the demand side. over 100k on the housing list alone.
Summer2020 wrote: » Exact same. Although I don’t think the virus is the cause of it. Absolutely nothing available in our area except places in awful condition with BER of F or G. And only maybe 1 or 2 per week coming on market
SozBbz wrote: » This is what happens when anything spooks the market. Sellers hold off, with the exception of executor sales etc which explains all the units in poor condition with low BER Ratings. Those waiting for a big price drop will stay waiting.
Mic 1972 wrote: » Yeah, that's what i think too. If this is in any case the beginning of a market trend chance there will be hesitation from buyers
beauf wrote: » The housing list isn't going to effect the supply hugely. As they aren't trying very hard to solve that problem. They are building investment properties or for people buying. Those will be effected. The idea that one effects the other is only partially true. If someone builds a high end apartments and fills it with doctors or engineers from outside of Ireland. It has no effect on supply and demand here. Similarly if someone stops renting it might free up a room but not the property. People keep trying to analyse the market as if it's one contiguous supply and demand. It isn't.
The Student wrote: » Whatever about job losses people still need somewhere to live so I don't see any decrease in demand for housing.
pearcider wrote: » This coming from someone who is pretending this new virus is like seasonal flu. For your information, US stock market peaked in mid 2007 and bottomed in mid 2009 after a 50% fall. The US stock market has already fallen 10% this week. It took Irish property 2 more years to find the bottom in 2012. It will happen a lot quicker this time especially when people start passing away in significant numbers next winter. Spanish flu came in 3 waves peaking in the second winter. This is a lot more serious than seasonal flu and the worlds financial system is a lot more fragile than you think. You’d be mad to buy a house this year. Mad.
pearcider wrote: » .... You’d be mad to buy a house this year. Mad.
beauf wrote: » Every year a crash is predicted and people are told to wait. At some point that will be true. But not every year. Buying a house isnt a purely financial decision. Most people won't buy at the peak or the bottom of the market. We aren't property speculators. If you are buying a house to live in for 20~30yrs there are many other considerations.
Ush1 wrote: » They won't if huge numbers leave the country again, especially builders whom there is already a shortage.
SozBbz wrote: » Where did I say it was like the flu? Its a virus, like the flu, and will run its course like all viruses. Thats just a medical fact. Actually what I said was its not the black death and people need to get a grip. Citing the Spanish Flu which occurred in in 1918-1920 before we tracked viruses and developed targeted vaccines like we have today - only convinces me that you are a crank. You are beyond obsessed with the US stock market -heres an idea, why don't you start/join a thread where people actually want to hear about it? You've laboured the point to death and its getting dull. Keep sitting on the sidelines as the world passes you by.
The Student wrote: » Well we could afford to loose 100k people (housing list no's) and still not have enough houses.
JamesMason wrote: » Totally agree pearcider. You'd be mad to buy this year. When the financial term liquidity crisis becomes credit crunch to the man in the street, the penny will drop.
awec wrote: » What do you propose that families who need somewhere to live do instead? Buy a tent? Declare themselves homeless? What do you think is worse? Being genuinely homeless this time next year because you decided to keep waiting and it turns out that the arse does fall out of it and there's nothing for you to buy because people can't afford to sell their homes and the developers have all gone bust, or to buy now and find out next year you have overpaid? I know which I'd choose.
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