beauf wrote: » With that in mind who are the 10.
Hubertj wrote: » so you joined boards to share this news? hmmmm
what_traffic wrote: » There is no context. Thats the point. WW2 was "boom" time for many country's economys especially the America's
what_traffic wrote: » This is just an amazing stat " The IMF chief warned that "global growth will turn sharply negative in 2020," with 170 of the International Monetary Fund's 180 members experiencing a decline in per capita income. "
Mic 1972 wrote: » The Daft report does include full March data pre and post Covid but the YOY drop of 2.6% was developed over a 12 rolling months, Covid only impacted the last 2 weeks of the report. Also March started with an increase over February. If you exclude March altogether you still get a YOU drop
egbh wrote: » Signed a 5 year lease today for a 2 bed//2 bath apartment in Ranelagh. €1,550 p/m Owner keen to ensure his mortgage payments are met for the end of his term, before he moves in himself upon retirement in 2025. He said Estate agents are surprisingly optimistic and not acting in the best interests of their clients by holding out for what were already outlandish rents and are now laughable.Was getting almost 3k before Christmas and has been sitting idle since then until he gave his EA the boot. We paid 2 months deposit and a month rent upfront. Happy to do so as place is in great condition and understand he wants to ensure it remains so (got the impression he was recently divorced and didn't want to add any further stress to his life). He works in property management (wasn't too specific) and sees no foreign students coming back to Dublin this September which will in itself add a couple of thousand expensive properties, when combined with the AirBnB grenade, is not going to be an good time for rents. He said his company already had too many high end appartments sitting empty and it's not sustainable in the long term. Obviously I will regret this if rents do fall further, although herself is keen to hopefully purchase in a year or two, so its a win win either way.
beauf wrote: » Founded in 1945 you'd have thought post ww2 would be worse. Since infrastructure and economies were liberally obliterated.
Marius34 wrote: » that's what I'm saying 2020 Q1 seems have started upward trend based on actual sales from CSO reports, before Covid impact, YOY basis. It's not really right to compare Q1 with Q4 or Q3. That's why I'm saying, next CSO report will show that actual price change for YOY for February transactions. Daft report may have already included second half on March, with Covid impacted properties.
mcbert wrote: They are - they want a cheap house
what_traffic wrote: » Not in the lifetime of the IMF has this ever remotely occurred. Thats context for ya.
Nika Bolokov wrote: » View it online ?
AlmightyCushion wrote: » So, you signed a 5 year lease despite hoping to buy in a year or 2. Sure. Also, love that the landlord was telling a prospective tenant just how badly they thought the rental market is going to get hit.
landofthetree wrote: » Loads of people got property on the cheap post 2008.
Nika Bolokov wrote: » If we do have a 30% fail in prices , that would signify that unemployment will likely remain above 12% anyway. So banks will again have massive damage to their balance sheets , state finances will wobble again leading to public sector pay cuts but this time there is nowhere to emigrate too as it's a worldwide slump so no safety valve. If you really believe that prices will fall 30% , in this environment you should probably be deeply concerned about your job not looking out with glee at the cheap housing your snap up.
beauf wrote: » Can you share some previous stats to put that into context. Has this never happened before in previous crashes?
landofthetree wrote: » https://www.rte.ie/news/business/2020/0409/1129580-imf-on-coronavirus-impact/ Huge fall in prices coming. As bad as the great depression.
BillyBiggs wrote: » Intel, who’s going to be buying swanky new laptops if they can’t afford food or rent?
combat14 wrote: » Just seen this - Debenhams closing in Irelandhttps://www.rte.ie/news/business/2020/0409/1129586-debenhams-pulling-out-of-ireland/
cd76 wrote: » Perfect, seems we're outnumbered by all the Estate Agents on here !
Adelyn Late Sportsmanship wrote: » Every post I see saying 30-50% drop is by the same poster...it's almost like they are push an agenda.
GreeBo wrote: » I'm sorry, you think banks are going to pull out of residential mortgages?? What are you being this idea on?
beauf wrote: » No reason estate agents wouldn't be looking to buy low sell high. Or anyone. Quite a few doom merchants have already declared as investors looking to buy in once the market falls, and actively posted looking to buy, yet declaring there is no demand. Can't be both. Truth is probably somewhere in the middle.
Mic 1972 wrote: » Less busy means less people buying, but the stock won't change over night, there will be the same or almost the same houses out there for sale next month and the one after. Second hand houses can be in good conditions or can be wrecks, this has always been the case
fifth wrote: » Spoke to two different EA's this week to find out if there were any new builds after coming back to market because buyers had pulled out (no harm in asking.) EA 1 - he said yes 4 properties from one particular development had become available because buyers were uncertain about their financial future and wanted to hold off to buy during the next phase before completing purchase. Previously they had told me nothing will be available until almost 2022. They have also added 30-40k to the prices since the last time I checked the brochure early this year, so my good fortune was short lived. EA 2 - business is booming, not one person has called to pull out of a sale she said. Asked about one particular new development and was told no room to negotiate on prices, plenty of buyers available. Economy will be back to normal in a month or so. I am looking to buy a new build and I am looking for one at a discount if I can get one, but nothing materialising as of yet. I will likely end up paying current prices if nothing changes in a few months.
