ittakestwo wrote: » I did give you an example... prices today in Japan are c. 40% below what they were in 1990
pearcider wrote: » I don’t remember giving you specific advice but I do know you’re a property bull and therefore dead wrong on the future of the property market. As for the wider stock market the only reason a crash has been avoided is because the central banks are holding up the stock market by blowing 1 million dollars per second to try and stop the tide going out. The question is how long does that last.https://www.bloomberg.com/news/articles/2020-04-21/the-fed-is-buying-41-billion-of-assets-daily-and-it-s-not-alone?cmpid=BBD042120_MKT&utm_medium=email&utm_source=newsletter&utm_term=200421&utm_campaign=markets For markets where monetary policy has no effect such as the oil market, the crash has been spectacular.https://www.bloomberg.com/news/articles/2020-04-19/oil-drops-to-18-year-low-on-global-demand-crunch-storage-woesFacts are facts.
JimmyVik wrote: » If the banks lose more money to defaulters in Ireland, mortgage interest rates will be going up, no matter what other interest rates do,
awec wrote: » Just to soften your cough a bit and before you get too far ahead of yourself, a month ago you told me to ditch my stocks while I could. If I had listened to you at the time it would have been a pretty significant mistake. You're speculating here, same as everyone else. Broken clocks and all that.
OttoPilot wrote: » Far from the end of the bear market in equities.
sarahmc92 wrote: » Are banks lending at the moment?
pearcider wrote: » What if the random punter is armed with facts?
awec wrote: » Just to soften your cough a bit and before you get too far ahead of yourself, a month ago you told me to ditch my stocks while I could. If I had listened to you at the time it would have been a pretty significant mistake.
pearcider wrote: » My only agenda is the truth. I know for a fact my posts in the 2019 thread put off several people from purchasing at what was clearly the top of the market because they PMed me as such. It wasn’t just the rental market that was indicating the bull run was at an end. More importantly and probably unknown to the casual observer the international credit markets were flashing red as far back as the summer that something was amiss (the so called repocalypse). So even without the Wuhan virus, it was almost certain that the property market was going into a significant downturn. If I can prevent a young person from going into a big debt to the banks, then I’m happy with that.
Hubertj wrote: » You’re a big big fan of your own voice... or writing or whatever the expression. If you saved someone a few quid fair play to you and well done. However, someone taking advice off a random punter on boards should not be buying property.
con___manx1 wrote: » I think house prices will drop dramatically in the next year.
Hubertj wrote: » And it has nothing to do with people not being able to view or rent apartments or that people can’t move to Ireland to take up jobs and look for accommodation? Or has something to do with some short term let’s coming or market? You’re a big fan of drawing your own conclusions. I agre rents will fall but you’re trying to drive your own agenda... on boards... for whatever good that will do... all this bull and bear toss...
con___manx1 wrote: » I think it would be crazy to buy now. If the lockdown lasts 3 months the unemployment rate could reach 24 percent when's it over. That's statistics I heard on the radio yesterday on my way to work. The last recession we had a high of 16 percent unemployment. I think house prices will drop dramatically in the next year. There will be much less demand if the unemployment reaches that level.
cnocbui wrote: » I was hoping this little pandemic would shut up the high density housing advocates for a while. Should have known better. :rolleyes: Some people never learn.
Das Reich wrote: » What's the point of waste agricultural land to build few sprawling houses on them instead of buildings with apartments?
cnocbui wrote: » Oh, I don't know, how about the Farm bordering DCU and some of those large green bits on the right? I'd mention the massive swathes of golf courses but people got upset last time. Sacred cows or something.
Bass Reeves wrote: » No it depends on the College. Some take 4 to complete an arts degree some take only 3. Then 2 years for Masters in Education. Max 6 . Like i Said there is a few that do PP teaching in 4 years mainly in specialist subjects, Home Economics, Wood Technology and construction studies and Engineering Technology. Then there are a few that do PP teaching in 4 years but numbers are limited.
pearcider wrote: » More property to rent means lower rents. Lower rents mean lower property prices. Off course one swallow does not make a spring.
beauf wrote: » ... Sounds the perfect place for some high density housing. Lets make it an actual car park. Shocking numbers of areas still green in the city. Back in the day we had smog and were thankful for it.
Hubertj wrote: » What’s your point? City is in lockdown in case you hadn’t noticed so kind of makes letting and renting difficult. . Or is this the sign the market is imploding? Will my 185% reduction in prices now happen? People will be getting paid to rent apartments?
Donald Trump wrote: » Another 50 acres there in Castleknock. ....
...Trying to get the milk lorry up here can be a nightmare in the mornings because the road is like a car park with all the traffic...
pearcider wrote: » There was 1700 properties to rent in Dublin city exactly a month ago. Now it’s 2031. I’ll be keeping an eye on that number.
Assetbacked wrote: » Worth re-mentioning Brexit and the likelihood of a further extension, with the wait for a fallout from the whole affair feeling like we're waiting for Godot at this stage. Brexit was cited as a probably incorrect reason for the price growth slowdown last year at the expense of focusing on affordability issues so I wouldn't be surprised to see it used as another shield to deflect from property market woes caused by affordability issues once the covid19 crisis subsides. There was an article in the Business Post at the weekend and I didn't see the topic reported elsewhere. https://www.businesspost.ie/ireland/farmers-and-developers-line-up-to-oppose-land-price-cap-plan-27a9b5c9 Some quotes;
TSQ wrote: » My friend in Toronto moved house in her 50’s with a 30 year mortgage. She had a big deposit, maybe as much as 60%, from selling her old house, but still has hefty repayments as she bought bigger and in a better neighbourhood. Another friend in San Francisco bought her first house in her late 40’s on what appears to be a rolling 30 year mortgage, which means she can keep extending the term each time she remortgages (and I will admit, I am not sure how this works...I think you just keep going till the principal is paid off). She has also been able to remortgage to take advantage of better interest rates. Both friends are currently or will be paying off the mortgage well into their retirement. They would rather be mortgage free, who wouldn't, but have the security of substantial equity built up and the option to downsize if the repayments get too difficult on retirement income. Also, in SF and Toronto rents in the past 10 years have skyrocketed. They are paying less than if they had to rent, and have security of tenure. If they die before the mortgage is paid off, the bank has first claim on the proceeds of a sale. As for leaving a house to the kids, ff’s sake. Here, in contrast, if you dont have cash and dont manage to buy a home, or if you want to upgrade, by your late 40’s or 50’s your are screwed, no matter if you have a big deposit. In other areas of business this would be called age discrimination.
