Hubertj wrote: » You clearly know nothing about Dublin if that’s you opinion of it. Or you’re bitter because you can’t afford to buy in Dublin.
IndieRoar111 wrote: » This will be a game changer. Many prospective buyers will see most of Dublin for the rip-off kip that it is and buy somewhere nice down the country. Foreign nationals will be the majority in this.
ittakestwo wrote: » What party has "less rights for tenants" as their manifesto?
Maitguel wrote: More rights??? Such as the tenant shall have the option to register themselves as the owner after 6 months?!?
Deco99 wrote: So if WFH will become more popular after this does this mean house prices outside the main urban centres is alot less likely to drop the much touted on here 30% considering they wouldn't have been the high prices to begin with.
ebayissues wrote: » With cov19, one thing this shown is that with an internet and Pc, you can work anywhere. Government and employers really need to push wfh. If I can do my job successfully in a rented apartment in Dublin why can't I do it in cork or galway or in Madrid? If a WFH mentality is adopted this can affect housing market aswell. I certainly would consider options of moving to the country or somewhere else. However this can affect wages. Temporarily if this happens there will be wage arbitrage, someone living in limerick but getting paid Dublin wages. However as remote working becomes the norm, which I'm hoping for, wages will be on a level ground. One thing though is, not all would like to WFH 5 days in a role, especially parents with toddlers. Just my thoughts..
Thargor wrote: » Are all mortgage applications shut down atm or are they still accepting them?
schmittel wrote: » There is certainly anecdotal evidence on these boards that people who were sale agreed 6 weeks ago are wondering whether or not to proceed. Some have mentioned job security, others have mentioned fear of negative equity etc. Not quite a collective lets all just wait but it won't take much to tip it into that.
awec wrote: » This is not how it works in the real world. Prices will be driven down because people cannot buy any more, not that they have chosen not to or just all decided to wait. If it was a case of everyone waiting and then everyone buying then prices would just instantly skyrocket again as demand surges. If you want your bargains then you need a huge number of potential buyers removed from the market for the foreseeable future. In the real world when people are in a position to buy they will buy. There’s no collective “let’s all just wait.”
handlemaster wrote: » FF /FG said they want to interfere again with the housing market. This time wait for it.. more rights for tenants. . What could possibly go wrong here. The rush of landlords to get out is already underway.
awec wrote: » You think the pubs, clubs, cafes and restaurants of Ireland are permanently closed yea? The same pubs, clubs, cafes and restaurants that the government had to forcibly close to stop people going to them in the middle of a pandemic?
stinger31 wrote: » nonsense, what jobs will they go back to? there won't be a fraction of the numbers of tourists here for a long time
awec wrote: » Yea they’ll be waiting a while and there’ll be restrictions. But as soon as those places open there’ll be no shortage of custom. Even if people are tight with money we’ve never experienced a time when we’ve literally been confined to our homes with zero social interaction like we are now. People will be desperate to get out.I do think the majority who lost their job in the hospitality sector will be getting it back relatively quickly once restrictions are eased. Retail workers maybe not so much.
awec wrote: » The pubs, cafes, restaurants etc will definitely get a massive boost as soon as they are allowed to open again, the only question is if it’s a sustained thing or just an initial surge followed by a drop off in custom. People will have been cooped up in the house for months at that stage, they’ll be counting down the days to get out. There’ll be good money to be made if you’re a babysitter too I reckon!
Villa05 wrote: » Has any one considered that the above professions together with childcare will go into the ""blackmarket " as in people will find alternatives and workers will set up "cottage" industries resulting in a lower tax and rates take for the state I think that after the last crash buyers are fully aware that buying at the wrong time could potentially ruin them and their family so a strong element of investment decision comes into it Admittidely I was skeptical as well but: Intial estimates at the cost of this to Ireland is 16 billion. (8 in spending and 8 in lost revenue) That's not too far away from a year's personal tax take. I'm assuming this is if the plan works and there is no 2nd or more waves of infection. Also while China is out the other side of this, there are significant restrictions that will add costs to business Now let's assume every country has a similar cost, imagine the damage to a small open economy with Brexit in the furnace later in the year. I don't see a v shaped recovery. The best we could hope for is a Nike swoosh one
The_Conductor wrote: We were very much at an abnormal economic peak- possibly at the start of a decline- before everything went to hell on a broomstick.
Ozark707 wrote: Pubs etc will take a lot lot longer to open than many other retail units. Though I will be counting down the days till they open as well.
awec wrote: Many citizens will have lost their jobs, but there'll also be many who are out of work right now who'll be straight back to work. Hairdressers, beauty salons etc will be booked out for weeks. Barbers will be queued out the door.
awec wrote: Not really, they have totally different criteria and priorities when going to the market.
awec wrote: Oh I agree. I do think we'll see prices trend downward, I am just not yet convinced it will be massive drops or long-lived.
awec wrote: » Oh I agree. I do think we'll see prices trend downward, I am just not yet convinced it will be massive drops or long-lived.If it is massive and long lived, it'll be because of mass unemployment, not because a load of people have all collectively decided to wait.
awec wrote: » Not really, they have totally different criteria and priorities when going to the market.
schmittel wrote: » Because the market was going gangbusters in 2017 and 2018. In a rising market people have a fear that the house they want to buy will be more expensive this time next year, so they try and complete a purchase as quickly as possible. If people think there is a chance the house they want to buy will be cheaper this time next year they will wait. A rising market will continue to rise to the point where the herd mentality begins to believe prices are so high that there is little chance that the house will be more expensive this time next year, and that point the majority will wait and prices will fall. In a falling market prices will continue to fall to the point when the herd mentality begins to believe there is a little chance that the house will be cheaper this time next year, and that point the majority will start to buy and prices will rise. This is fairly well accepted market behaviour. My feeling is that shutting down the economy for 2-3 months and falling rents might later in the year contribute to a sense amongst some buyers that they might be better to wait and see what happens. It's just a question of whether or not that doubt will develop into the herd mentality. If it does prices will fall. Markets move in cycles and always have done. The Irish property market is not exempt from this phenomenon.
pearcider wrote: » Technically they are.
awec wrote: » People buying their home are not investors. There's a big difference. If it were as simple as everyone waiting, why didn't everyone just wait in 2018? Or 2017? Or any of the recent years where prices have exploded?
awec wrote: » People buying their home are not investors. There's a big difference.If it were as simple as everyone waiting, why didn't everyone just wait in 2018? Or 2017? Or any of the recent years where prices have exploded?
