Claw Hammer wrote: By the time this is over, the State will be in no position to borrow money for any purpose.
Irish_peppa wrote: » Where are the HAP payments going too? Being withdrawn by government? Then what do the people on HAP do live on the streets???:eek:
Irish_peppa wrote: » can someone tell me how a housing crisis and people living in hotels can change to empty apartments and end of the rental sector in the space of a few weeks? Where are the thousands of people that couldnt get accomodation in Dublin last month going?
voluntary wrote: » Anyone who doesn't want to wast 1000 or 2000 of income every month? You do a business you take a risk. Landlord who's not renting out is like these restaurants today which are closing the door. OUT OF BUSINESS.
Mic 1972 wrote: » As you put it, renting is already risky in normal times. LLs with a empty house now aren't going to take their chances with a long term tenancy that may result in the tenant not being able to pay. It is very difficult to evict somebody, and it will be even more difficult during the outbreak. regarding the 2000 euro income, are you aware of how much of that money is actually going to the landlord? probably less than half
The Belly wrote: » Landlords with vacant property and no debt will probably leave it empty not so sure about landlords with o/s mortgage on the property though.
The Belly wrote: » Landlords with vacant property and no debt will probably leave it empty not so sure about landlords with o/s mortgage on the property though. Banks are going to be less likely to deal with non payment if it could be rented.
Villa05 wrote: » The property market as was for the last 5 years is the definition of profiting from hardship I don't know where to start with this comment Near full employment and barely managing a surplus Corrective actions after the crash reversed Failure to bring down government debt Reversing/postponing taxes that would have made housing cheaper and generated revenue for local services providing greater quality of life for residents Bank profits exempt from tax. Despite this very same tax used to save them. Policies that created a housing bubble leading to extortionate rents and property prices leaving little scope for revenue generation or fiscal stimulus in the event of a downturn
voluntary wrote: » I know good few people renting out homes, never heard anyone 'withdrawing' from the market because of the risk that new tenants may not be able to pay. Keeping a passive income resource like a property willingly off the market sounds a bit unreal to me.
smurgen wrote: » Until a vacancy tax comes then hopefully have a go landlords are set to liquidate.
ittakestwo wrote: A lot of misinformation in your post. Best bit was "failure to bring down govt debt" ..... 2011 it was 125%of GDP, today its 60% of GDP.
ittakestwo wrote: » A lot of misinformation in your post. Best bit was "failure to bring down govt debt" ..... 2011 it was 125%of GDP, today its 60% of GDP.
landofthetree wrote: » LONDON (Reuters) - The sudden economic stop caused by coronavirus containment measures will cause a global recession this year and could see U.S. corporate default rates spike above 10% in the next 12 months, ratings agency S&P Global warned on Tuesday.https://www.reuters.com/article/us-health-coronavirus-defaults-s-p/coronavirus-to-cause-global-recession-surge-in-defaults-sp-global-idUSKBN214216 A load of the multinationals that are in Ireland will be in serious trouble as well.
Assetbacked wrote: » IRES REIT share price watch; https://live.euronext.com/en/product/equities/IE00BJ34P519-XMSM/irish-res-prop/ires/quotes Down another 14% today, bringing its capitulation to 40% from this time last month. Utter chaos.
Mad_maxx wrote: » REITs are stocks, their trajectory should not be used as a guide to the real market
Mad_maxx wrote: » None of the big American multinationals based here are at risk of credit default, we've no energy sector Apple Google Microsoft Facebook Excellent balance sheets, none of this means they won't cut numbers however, wouldn't expect it however unless the recession lasts all year
OwlsZat wrote: » Then call it your forever home. Good luck with your purchase.
Xertz wrote: » Many of the multinational pharmaceutical, biotechnology and medical technologies companies based here may actually see their revenues go way up because of this. Many of them have drugs and products that are hugely necessary in the fight against this virus. The companies most at risk are consumer products companies and anyone involved in travel. For example, Ryanair could end up significantly smaller, although they’re so flexible as an airline I would suspect they’ll survive because they can downscale fairly brutally without consequence, unlike many of their older competitors.
SteelyDanJalapeno wrote: » Regeneron on my shortlist
Augeo wrote: » They are at an all time high. Up 20% in a month, 50% is 45 days, might have missed the boat there to a large extent.
smurgen wrote: » Medical devices are way down as surgery is way down.Stryker the biggest here in cork is down share price wise in a dramatic fashion.almost 14% alone last Friday.
