SozBbz wrote: » Yes the numbers around the hospitality industry are shocking but the majority of those layoffs will be temporary. The pubs etc will come back as soon as its safe to do so. Our economy is not going to just stay like this. This is not the new normal.
cnocbui wrote: » I have not seen the cost of inputs to house construction fall in my lifetime, and I watched live on a B&W TV in a classroom, as Armstrong stepped onto the moon. So nice in theory, but I'll believe it when I see it.
SozBbz wrote: » The price of certain raw materials may rise or fall, but the price for construction materials will typically be whatever they can competitively be sold at. If the input prices get cheaper, then the building materials supplier has just improved their margin. .
voluntary wrote: » Hard to discuss with an idiotic argument like that. Anyways, if you believe in a rapid recovery on property market I'd suggest the great opportunity today would be to buy shares in dumped REIT vehicles. If property market doesn't get hurt much then REITs are going to recover fast and you can make some solid profits.
OwlsZat wrote: » History doesn't predict the future.
OwlsZat wrote: » Love the tax/law avoiding AirBnB full property rental scum advertising for tennants on Daft for "3 months only".
Mic 1972 wrote: » Pubs and hospitality industry will have to wait a long time before business picks up for them again. The virus isn't going to go away in 2-3 months
landofthetree wrote: » Why do tender prices fall during a recession?
cnocbui wrote: » We are not talking about tenders. After the GFC, did tradesmen accept lower wages and so house construction costs fell, or did they all jump on planes and head off to NZ, the UK and Australia, leaving a shortage of tradesmen in Ireland so wages didn't fall?
Idbatterim wrote: » why are they being called scum? the governt are entirely responsbile for the housing farce! Or do the airbnb owners, make the law?:rolleyes:
SozBbz wrote: » My post didnt mention any timeframe, simply that this virus isnt going to be this problematic forever. TBH I'd say the pubs will be first to bounce back, people will be only dying to get out of the house and socialise after this period of confinement.
Pheonix10 wrote: » Strange question but does anyone know how much discount an investment property company would get for buying say 15 apartments vs a regular private sale of one apartment. Example on the PPR the apartments I am interested in sold to this fund for 240k each Dec 2018. One PPR sale has 303k listed in January. The bidding on the one I'm interested in is 290k. Trying to guage if the 240k was a significant discount due to the multiple properties being brought.
fliball123 wrote: » The one thing different about this is you cant jump on a plane anywhere and if you could there is no where in the world that will not have some corona
Blue Badger wrote: » As someone hoping to be in a position to purchase by mid-2020 (currently looking at properties within commuting distance of Dublin and am living like a student again) I absolutely hope they do come down! Personally... I'm expecting stagnation for much of 2020 within Dublin. Who knows with Brexit but tbh I can't see them reaching a trade agreement by end of 2020. It's nice to dream that there will be a fall though
wowy wrote: » Were they newly built when sold to the fund in Dec 2018? If so, Vat would be excluded from the sale price registered on the PPR.
cnocbui wrote: » That being the case, there won't be any house building going on either, so claiming a reduction in costs is less than moot.
Claw Hammer wrote: » Will people have any money to buy drink in pubs? The overhang of this virus is going to be higher taxes, higher personal debts and therefore reduced capacity for leisure spending. People will be very conscious about their personal space for quite a considerable time after this ends. People who have savings are going to even more conscious of how quickly circumstances change and will be very cautious in their spending for quite some time. There will be very little credit available as the banks will be maxed out. Another few weeks should see massive default on PPC products with cars being repossessed left right and centre. Some planned building projects will now not proceed because there will be no longer economically viable and other half completed projects may well be stalled. The end of this crisis will not be like the switching on of a lightbulb more like the slow warming up of a cold engine.
OwlsZat wrote: » There will be houses built for lower costs. The need to build has never been greater. Economically the country will need to put people back to work and generate funds for the desimated pension reserve. I'll be hugely shocked if the building program across the country isn't used as a Government national recovery vehicle.
landofthetree wrote: » Where will they get the money?
Idbatterim wrote: » where are the uk, american and all the other governments, getting these staggering funds they are talking about from!
SozBbz wrote: » Firstly, there was an industry expert on about PCPs (i presume you mean) saying that they were reaching out to come to arrangements with people which makes absolute sense. Think about it, they hardly want all those cars back en masse! .
Claw Hammer wrote: » The banks are heavily exposed on PCPs. when this is over they will want to raise cash immediately. they will take back cars and sell them for what they can get. they will make sweet talk noises on the radio about helping affected customers but in reality they will do what they are doing to everyone else and shaft them.
