Property Market in Waterford

07-03-2020 10:18pm

hardybuck wrote: »

. Dunmore Road and Williamstown Road as far as John's Hill should be flanked with bus lanes, but that would require CPO of front gardens like Bus Connects - and good luck with that.

.

Unless you incorporate a one way system like manor st/poleberry.

Grange block one way with countra flow bus/cycle lanes and also williamstown block do similar

spankmemunkey · 02-04-2020 2:41am

Its gotta take a tumble now. recession on the way this is where the rich get richer

Gardner · 02-04-2020 8:23am

and the poor get poorer and complain about it on social media and do **** all about it.

Wanderer78 · 02-04-2020 9:07am

Gardner wrote: »

and the poor get poorer and complain about it on social media and do **** all about it.

if you dont have access to better your situation, you simply cannot do much about it, we dont live in a world of equal opportunities

Gardner · 02-04-2020 9:19am

Wanderer78 wrote: »

if you dont have access to better your situation, you simply cannot do much about it, we dont live in a world of equal opportunities

no but you can get up off your hole and do something about it. multiple avenues to go down. the defeatist attitude of " if you dont have access to better your situation, you simply cannot do much about it" will lead you back to the post office every thursday morning for your weekly wage

Wanderer78 · 02-04-2020 9:21am

Gardner wrote: »

no but you can get up off your hole and do something about it. multiple avenues to go down. the defeatist attitude of " if you dont have access to better your situation, you simply cannot do much about it" will lead you back to the post office every thursday morning for your weekly wage

once again, some of the most common root causes of long term unemployment, mental health issues, addiction problems, personality disorders, behavioral problems, developmental disorders, learning disabilities, etc etc etc!!!!! please do some reading!

Gardner · 02-04-2020 9:57am

Wanderer78 wrote: »

once again, some of the most common root causes of long term unemployment, mental health issues, addiction problems, personality disorders, behavioral problems, developmental disorders, learning disabilities, etc etc etc!!!!! please do some reading!

at least you have 1 of 7 to choose from if your ever asked.

Harry Palmr · 02-04-2020 10:03am

Available rentals up by 25% in the City.

Yellow_Fern · 02-04-2020 10:06am

spankmemunkey wrote: »

Its gotta take a tumble now. recession on the way this is where the rich get richer

In the last recession the rich got disportionately poorer as they are not weath on incomes but mostly property and businesses, but when things turned around they grew faster but often a different rich.

hardybuck · 02-04-2020 10:38am

Harry Palmr wrote: »

Available rentals up by 25% in the City.

I wonder is that students moving home, people moving back in with their parents or what?

Also, that 25% jump is probably from quite a low base?

Dublin had a lot of Air BnB property which returned to the market for rent, but wouldn't have thought that Waterford would be in the same boat.

Wanderer78 · 02-04-2020 11:14am

Yellow_Fern wrote:

In the last recession the rich got disportionately poorer as they are not weath on incomes but mostly property and businesses, but when things turned around they grew faster but often a different rich.

Go way outta that, many probably moved into safer assets such as precious metals and currency, buying up cheap assets with cheap credit via qe, those lads never lose

Harry Palmr · 02-04-2020 11:21am

hardybuck wrote: »

I wonder is that students moving home, people moving back in with their parents or what?

Also, that 25% jump is probably from quite a low base?

Dublin had a lot of Air BnB property which returned to the market for rent, but wouldn't have thought that Waterford would be in the same boat.

I assume it's the students fleeing for the most part.

Yellow_Fern · 02-04-2020 11:32am

Wanderer78 wrote: »

Go way outta that, many probably moved into safer assets such as precious metals and currency, buying up cheap assets with cheap credit via qe, those lads never lose

But that doesn't happen for the vast majority. Hence we had plenty of rich people who went bust here from Shane Filan to Tony OReilly or Sean Quinn. BTW you'd want to very very rich indeed for bank to give you any credit, let alone cheap credit to buy precious metals or currency.

robtri · 02-04-2020 7:48pm

Wanderer78 wrote: »

Go way outta that, many probably moved into safer assets such as precious metals and currency, buying up cheap assets with cheap credit via qe, those lads never lose

"probably"
there is your problem with this whole thing.
you are just making stuff up to suit your though process.

Wanderer78 · 02-04-2020 7:59pm

robtri wrote: »

"probably"
there is your problem with this whole thing.
you are just making stuff up to suit your though process.

unless you survey all individuals, and they answer honestly, you cant be 100%. its common that wealthy do these things during downturns, i.e. move towards safer investments, and clean up during the turmoil, but dont worry about it anyway

Stopitwillya · 02-04-2020 9:36pm

Article I read this week stating property prices in Waterford had risen by 2% over the last few months. A slowdown in price rises but still a rise. This is calculated based on sales before covid 19, so you would have to imagine that prices will fall over the next few months.

decies · 02-04-2020 11:45pm

3 years ago today Damian Tiernan announced the plans for the 5star hotel at the old ard Ri site .

spankmemunkey · 03-04-2020 6:10pm

decies wrote: »

3 years ago today Damian Tiernan announced the plans for the 5star hotel at the old ard Ri site .

:D:D:D:D:D:D

Forget about the North Quays now, There'll be a recession along the same measure of the great depression.

I've already heard people saying on the radio not to take money from banks that's the next step.

There are alot of businesses in Waterford that just wont open up again after this.

spankmemunkey · 03-04-2020 6:15pm

Gardner wrote: »

and the poor get poorer and complain about it on social media and do **** all about it.

Your making a lot of assumptions about poor people there, my family were poor but my mother didn't sit back and wait for handouts no she got 2 jobs!!! so to say the poor do fk all about it but complain is a broad statement, then again you could say my statement that the rich get richer is a sweeping statement but history tells us that in recession people with money make moves when commodities are low in price.

spankmemunkey · 03-04-2020 6:24pm

Yellow_Fern wrote: »

But that doesn't happen for the vast majority. Hence we had plenty of rich people who went bust here from Shane Filan to Tony OReilly or Sean Quinn. BTW you'd want to very very rich indeed for bank to give you any credit, let alone cheap credit to buy precious metals or currency.

I'm sorry but Shane Filan was a "Singer" and that's his main source of income or was, chances were he didn't do his Leaving Cert and was poorly advised in a time when the post man was buying 2 and 3 properties, he speculated and lost end of.

Sean Quinn got greedy, thought he had the magic touch but he speculated and speculated and speculated, No one who speculated in the Celtic Tiger era should be considered a business success (in general) as money had little or no meaning the way it was being traded. Sean Quinn gambled on borrowed money that was on top of borrowed money, There's no business nous involved in someone calling you and saying would you like 5 million this week?? ye may aswell everybody is doing it and im getting a bonus to lend it.

Bad examples

Its like saying the Kardashians are great business people. They arent, Take away the fame and the money they were born with and ask them to become successful in business from scratch and you'll see how good they are

spankmemunkey · 03-04-2020 6:32pm

Yellow_Fern wrote: »

In the last recession the rich got disportionately poorer as they are not weath on incomes but mostly property and businesses, but when things turned around they grew faster but often a different rich.

The last recession shouldn't be used in the rich get richer analogy.

The reason being was alot of them grew their money based on cheap credit, when the crunch happened the money they owed was on credit and those rich, the Nouveau Riche crumbled cos they borrowed their nuts off to make their empire.

There were rich people out there before the boom who knew not to buy into the bubble.

I know a few rich people in Waterford who haven't got a pot to pee in cos their money is tied up,

Flow Motion · 09-04-2020 12:09pm

In the midst of a national COVID crisis Waterford's pessimism shines through. This current event is a totally different beast to 2008. Thing is nobody knows how this is gonna play out. Firstly making sure you and your loved one's are safe is the priority. Who care about house prices etc? Statistically speaking the majority of people who are unfortunate enough to catch COVID-19 will recover and survive. At present and for the past few weeks and for the foreseeable future we are living in a proto-Socialist state. The government is paying or underwriting a lot of peoples salaries. All those private hospitals are now private. The Gardai have been given special powers. The only people who will fear this is the rich as it undermines their raison d'etre. Its a classless society for the time being. Everyone has to wait, queue, obey and follow the rules. Who, if anyone, would have believed that society would have changed so dramatically and quickly since Christmas. I accept that there is a lot of anxiety out there but this unprecedented event will pass in time. People will get back to their normal day to day lives. Sure it will be irrevocably changed but let's wait and see.

Hoffmans · 09-04-2020 8:41pm

Stay safe is the main thing obey the lockdown, i reckon the auctioneers will try bluff out prices as long as possible at least till the vulture funds try to offload their stock the rents have to halve in line with income??

Yellow_Fern · 10-04-2020 12:17pm

Hoffmans wrote: »

Stay safe is the main thing obey the lockdown, i reckon the auctioneers will try bluff out prices as long as possible at least till the vulture funds try to offload their stock the rents have to halve in line with income??

Vulture funds buy debts not property. You mean REITs? Are they present in Waterford?

spankmemunkey · 27-04-2020 5:53am

Flow Motion wrote: »

In the midst of a national COVID crisis Waterford's pessimism shines through. This current event is a totally different beast to 2008. Thing is nobody knows how this is gonna play out. Firstly making sure you and your loved one's are safe is the priority. Who care about house prices etc? Statistically speaking the majority of people who are unfortunate enough to catch COVID-19 will recover and survive. At present and for the past few weeks and for the foreseeable future we are living in a proto-Socialist state. The government is paying or underwriting a lot of peoples salaries. All those private hospitals are now private. The Gardai have been given special powers. The only people who will fear this is the rich as it undermines their raison d'etre. Its a classless society for the time being. Everyone has to wait, queue, obey and follow the rules. Who, if anyone, would have believed that society would have changed so dramatically and quickly since Christmas. I accept that there is a lot of anxiety out there but this unprecedented event will pass in time. People will get back to their normal day to day lives. Sure it will be irrevocably changed but let's wait and see.

While i do believe what you are saying is true, its not really relevant to the debate about property market in Waterford.

The economy will contract and we will be in recession again (perhaps depression), so in relation to the property market, prices will crash, people will be out of work and or the uncertainty of corona virus means lending will slow as most people wont be in a position to apply for a mortgage, as a result the property market will plunge.

That's the reality that most readers would say is fairly obvious.

If i was on the verge of buying a house id pull out now and wait for prices to go down, if i was selling id be in a hurry to sell but its most likely too late now.

Johnboy1951 · 27-04-2020 10:06am

spankmemunkey wrote: »

While i do believe what you are saying is true, its not really relevant to the debate about property market in Waterford.

The economy will contract and we will be in recession again (perhaps depression), so in relation to the property market, prices will crash, people will be out of work and or the uncertainty of corona virus means lending will slow as most people wont be in a position to apply for a mortgage, as a result the property market will plunge.

That's the reality that most readers would say is fairly obvious.

If i was on the verge of buying a house id pull out now and wait for prices to go down, if i was selling id be in a hurry to sell but its most likely too late now.

Add to that, if you have investment funds then be prepared in the medium term to invest in property, and to dispose of that as soon as the market values rises sufficiently to realise your desired profit, as it surely will as we come out of the recession or depression.

This is typical of how wealth changes hands in these times; the rich get richer and the rest ......

spankmemunkey · 28-04-2020 6:16pm

Johnboy1951 wrote: »

Add to that, if you have investment funds then be prepared in the medium term to invest in property, and to dispose of that as soon as the market values rises sufficiently to realise your desired profit, as it surely will as we come out of the recession or depression.

This is typical of how wealth changes hands in these times; the rich get richer and the rest ......

I will be keeping an eye out for some bargains!!!

Hoffmans · 02-05-2020 3:14pm

We're still paying heavily for 2008 , I can see the state doing something to mollycoddle the vulture funds / REITs
To keep property prices and rents in fantasy territory

Wanderer78 · 02-05-2020 5:32pm

Hoffmans wrote: »

We're still paying heavily for 2008 , I can see the state doing something to mollycoddle the vulture funds / REITs
To keep property prices and rents in fantasy territory

ah shur we done little or nothing to address the underlining issues that caused the damn crash, particularly the fact the financial sector is potentially one of the most dangerous we have, allowing it to more or less print as much money as it can, and encouraging the continual rise of asset prices, particularly housing, what a fcuk up

Harry Palmr · 02-06-2020 10:12am

The site linked is behind a paywall, anyone have an idea which location this is proposed for?

https://twitter.com/BuildingIndex/status/1267743885649948674

Property Market in Waterford

Comments