Deleted User wrote: » I don't know what that is but I'm glad I don't. 🙈You'd be hard pressed to get a house for less than a million on the parts I'm talking about.
schmittel wrote: » Do you really think that removing 2.5 years worth of buyers and properties out of the market has zero impact on house prices?
Gav19801 wrote: » What about this theory: The unprecedented levels of QE is ensuring finance is still available, If all this debt is going to sit on the governments balance sheet then the quickest way to erode that is to create inflation. Remember Rich Dads Good Debt Vs Bad Debt? So could now actually be a good time to be acquiring assets such as property?
Hubertj wrote: » Rathfarnham hasn’t been the same since club Sarah closed.
Cyrus wrote: » Folks, anything that will make it easier for people to buy houses will push prices up, we as a nation cant help ourselves, so if thats decrease in the CB restrictions, or 50 year mortgages or anything else, itll lead to rapid price inflation. Only for the CB restrictions house prices would have continued to rise starkly over the past 3 years.
Jet Black wrote: House on my road was sale agreed at the start of the year, seller was on Facebook saying it fell through because of the virus. Back up again with 10k off the asking.
fliball123 wrote: » Maybe but at the very least you have a place that is yours and do not have to pay rent. when the person retires one thing for sure is there will be a lot less owed on the property than when they started. I am talking about a structure where people have certainty of housing but not wanting to pay the sky high rents or mortgages. If it was drawn out over 50 years instead of 30/20 it would be a lot more affordable it would also leave your kids with an asset or place to call home for their future.
Pivot Eoin wrote: » Neighbour of ours, fairly central in Rathmines (Leinster Road) was given the option to drop asking price or take it off the market for the time being yesterday by their EA. They were selling a relatively modern 3-Bed Mews for 790k asking (Overpriced anyway IMO) but now going off the market. Link: https://www.dng.ie/residential/brochure/7-louis-lane-leinster-road-rathmines-dublin-6-d06x923/4407994
Marius34 wrote: » I believe this could be for new applications. Not for the approved ones? As far as I remember it was a similar case on exemptions in 2018, where by April most of Bank run out of exemptions.
Adelyn Late Sportsmanship wrote: » Just heard from my mortgage advisor that banks are pulling all exemptions until at least the end of the year.
19233974 wrote: » So what are the predictions for the reit`s? I walk past phase 3 of clancy quay every morning and they are pretty much completed but obviously all lying empty. with rents proposed at around €2000 for a 1 bed, and 2300 for a 2 bed, surely these returns are now unachievable. Are the REITs in a position to sit and wait it out, drop the rents or look to sell some properties?
ittakestwo wrote: » Tell that to a person who bought in Tokyo in 1990. And this is what is facing Europa now too, years/decades of being trapped in a deflationary cycle.
JimmyVik wrote: » But past experience tells me that prices always recover. So I think thats more likely than them never recovering
Augeo wrote: » 50 year mortgages based on equity in 30 odd years time to fund a smaller property purchase is shaky ground.
Villa05 wrote: » Do you recall what show that was mentioned on. Debt write down to market value would work for the Bank, but surely it would be a pointless exercise it the mortgage holder is not paying anything Is it debt write-down with possession of the property switching to the bank Reits and vulture were paying little to no tax and were allowed to register as charities up till recently, if not at present Daylight robbery of the taxpayer
fliball123 wrote: I wonder if there will be some outside the box thinking for people trying to get on the ladder and doing multi-generational mortgages so say a mortgage over 50 years but your kids takes over when you retire or if they dont want to the place is sold and you have your equity in the house to bring with you. I think China or Japan have some structure like this available
JimmyVik wrote: I would agree that REITS should pay the same level of tax as private landlords do. But it should meet in the middle. Make tax lower for private landlords and make it higher for the REITS. No point driving the REITS out too.
fliball123 wrote: » And probably wont be for a number of years. I wonder if there will be some outside the box thinking for people trying to get on the ladder and doing multi-generational mortgages so say a mortgage over 50 years but your kids takes over when you retire or if they dont want to the place is sold and you have your equity in the house to bring with you. I think China or Japan have some structure like this available
voluntary wrote: » Depending on the markets and thousands of other variables, prices may or may not recover. They may stay below today's level for the next 20 years. We don't know how this is going to play out. A prudent person wouldn't be assuming the prices 'will recover' as they may not. They could as well have peaked for a long, long time. Anything more is speculation only.
voluntary wrote: » Interest rates will only be going down in the foreseeable future. The prices are falling down, raw materials are falling down, OIL is falling down, everything is falling down. Inflation is a no-issue at the moment.
fliball123 wrote: » Landlords are already paying full tax so 51% does to the tax man not to mention property tax, home & life insurance, mortgage. I don't think there is much room to maneuver here. Maybe the reits and vultures who I think are only paying 25% I could be wrong in this but I thought I seen that tax rate being bandied about for what they pay
TheW1zard wrote: Newstalk yesterday!
fliball123 wrote: Landlords are already paying full tax so 51% does to the tax man not to mention property tax, home & life insurance, mortgage. I don't think there is much room to maneuver here. Maybe the reits and vultures who I think are only paying 25% I could be wrong in this but I thought I seen that tax rate being bandied about for what they pay
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