fliball123 wrote: » So if there is no vaccine then no cure ala HIV. They already have a timetable of september or sooner for a antidote to the virus and with the increase in technology and DNA research I reckon this will be sooner. Using a computer we have already seen the first newly created antibiotic in years.https://www.theguardian.com/society/2020/feb/20/antibiotic-that-kills-drug-resistant-bacteria-discovered-through-ai If I were a betting man I reckon we will have something before the summer if it does gets a lot worse
riclad wrote: » the problem now is we have a limited no of builders in ireland ,they are busy building office.s .hotel,s , apartments . If the government tried to build 10k social housing unit,s in 1 year it would likely result in an increase in builders wages , Making new house,s more expensive to buy for working people . We do not yet know the effects of brexit yet, it will definitely increase the cost of exporting good,s to britain ,brexit will have a negative effect on the eu, the eu cannot get more money from the uk, apart from increasing tax,s on uk products and services .
fliball123 wrote: » Your stating that people could lose their job and ignoring the fact that we are full employment (techncally) and that we import people do work in certain areas. So if you lose your job there is plenty of work there also we offer a great range of courses and re-skilling on the dole
ZX7R wrote: » plus you will probably see the government pumping money in to construction to boost the economy if needed due to the coronavirus ,worst case scenario.
pearcider wrote: » They’ve already done that. In 2008. Now interest rates are already at zero and US debt and deficit is massive. So what are they doing to do?
ZX7R wrote: » 2008 They pumped money into the banks, banks are in a better precision now to surive a market drop. The government will pump money into our economy to bost it, they have the funds . the quickest way to do this is to create a building boom
The Student wrote: » Seriously lads you would swear the world was going to end. if a recession does happen credit dries up construction dries up so unless you are sitting on a cash pile to purchase a property you will be impacted. If you need to buy and have the funds to do so then buy, if its somewhere you will spend the next 10 or 20 yrs then go for it. .
Zenify wrote: » Why do you assume anyone who believes there will be a crash is looking to buy?
pearcider wrote: » According to the NY Fed’s recession probability indicator, bond yields at all times lows together with an inverted yield curve assure recession. The great 12 year expansion funded by money printing and extraordinary debt accumulation is over. Be assured Ireland will be affected dramatically.https://www.newyorkfed.org/medialibrary/media/research/capital_markets/Prob_Rec.pdf So if you’re thinking of buying a house in the near future please don’t listen to the deluded landlords and estate agents in here. We are in for the greatest recession in a century. Let that sink in.https://www.cnbc.com/2020/02/28/plunging-rates-in-the-us-are-rewriting-the-history-books.html
The Student wrote: » How did you arrive at your interpretation of my post?
Zenify wrote: » It's just that there is obviously a lot of people on here who are trying to push an agenda. Estate agents and landlords trying to keep the market afloat as previously mentioned by another poster. Many of these agenda posters last year were claiming that we would continue to see double digit price increases and that prices wont fall for 10 years, now we are seeing price drops. The mantra from this crowd is now buy a house as rent will be higher and that there is no point arguing if it will go up or down. It seems like they are clutching straws. I assumed you were part of this group and that is why i made that point. Agenda pushing is on both sides though, there are people here hoping to buy and trying to scare people off the market. Hope is the only chance of some people to purchase their own home. I have been saying for years on this forum that nobody knows what is going to happen in the future, just look at the current markets and the effects of a new virus. Nobody could have predicted that. There is uncertainty in the near future and telling people that buying now is the best option is not good advice IMO.
The Student wrote: » Why would a landlord want people to buy. They would end up out of business. Same for estate agents they are making more for letting and managing property.
Zenify wrote: » Landlords want their asset price to increase. Estate agents work off a percentage.
beggars_bush wrote: » Not always If you were a cash buyer you want a good rent coming in. Appreciation of asset doesn't matter as much
KilOit wrote: » If there is a recession and you are trying to buy good luck getting a mortgage, banks don't really lend when the economy tanks and no one really sells their beautiful turn key home when prices are so low. Only people that benefit are cash rich buyers buying property to rent
Arthur Daley wrote: » Banks are hardly lending a lot as it is. Especially when you consider the inflated prices per unit. A few billion in loans today buys half the housing units it did in 2012.
The IBF/PwC Mortgage Market Profile report published Friday, shows that 2,630 new mortgages to the value of €450m were issued during the first quarter of 2012.
A total of 3,037 mortgages were approved in January, of which 1,479 or 48.7 per cent, were for first-time buyers. Mortgage approvals were valued at a combined €672 million – of which first-time buyers accounted for €327 million.
smurgen wrote: » Love the absolute certainty of those who speak in here. Those that can keep a steady income will get a mortgage just fine.
awec wrote: » The irony is literally dripping.
smurgen wrote: » You were the one one talking of Ireland's economy being bullet proof three months back.are you still that certain?
