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Property Market 2020

Bigmac1euro

Maybe an article for “Property Market 2020”
Anyhow looks like developers are going to start strangling supply in order to keep prices in check.

Worth a read anyway.

https://www.independent.ie/business/personal-finance/property-mortgages/developers-now-fear-flooding-market-as-house-prices-in-decline-38820967.html

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pearcider

standardg60 wrote: »

Hmm well you could Google it. But seeing as you concentrate on posting in property threads i assumed you knew. Silly me.

To answer your question, you earn, you save for what you want, you pay for it.
Greece used to have no mortgages, people only added another floor to their house when they could afford it, then they joined the EU..

I wouldn’t bother. An insufferable troll and rude to boot. He says he’s not “involved in the ‘market’“ but if you believe that you’d believe anything.

standardg60

Hubertj wrote: »

Not involved in the market but thought I might learn something about it on boards. Definitely the wrong place for that. Place is full of liars, spoofers, doom merchants and the odd person with an interesting insight or opinion.
I don’t know what HBFI is. So back to my question on how society would operate without credit?

Hmm well you could Google it. But seeing as you concentrate on posting in property threads i assumed you knew. Silly me.

To answer your question, you earn, you save for what you want, you pay for it.
Greece used to have no mortgages, people only added another floor to their house when they could afford it, then they joined the EU..

combat14

hard to believe landlords in Dublin offering students 2 months free rent if they pay for full academic year in advance

cnocbui

Hubertj wrote: »

Not involved in the market but thought I might learn something about it on boards. Definitely the wrong place for that. Place is full of liars, spoofers, doom merchants and the odd person with an interesting insight or opinion.
I don’t know what HBFI is. So back to my question on how society would operate without credit?

I have owned five properties, currently have two, just for reference...

Hubertj

standardg60 wrote: »

Would you care to engage in the actual debate? I see you're only a member since April which would make me question your agenda? Are you involved in the market at all?

Anyway there's worse, the state guaranteed HBFI is now doubling it's maximum loan amount to €75m to developers to continue the pretence.
The banks have gotten (wisely) wary now when it comes to predicting the future now so are reluctant to throw money into the pyramid. Maybe they know something?

Not involved in the market but thought I might learn something about it on boards. Definitely the wrong place for that. Place is full of liars, spoofers, doom merchants and the odd person with an interesting insight or opinion.
I don’t know what HBFI is. So back to my question on how society would operate without credit?

standardg60

Hubertj wrote: »

If someone is talking through their h*le there isn’t much debate to be had.

So tell me how society would operate without credit? Also are you suggesting there governor of banks of Ireland acted illegally in relation to cartrawler? That sounds like a fairly serious accusation.

Would you care to engage in the actual debate? I see you're only a member since April which would make me question your agenda? Are you involved in the market at all?

Anyway there's worse, the state guaranteed HBFI is now doubling it's maximum loan amount to €75m to developers to continue the pretence.
The banks have gotten (wisely) wary now when it comes to predicting the future now so are reluctant to throw money into the pyramid. Maybe they know something?

Mic 1972

Markitron wrote: »

That's a bargain, sure remember this one from last week? It's not far from that 500k palace

https://touch.daft.ie/for-sale/semi-detached-house-4-westway-rise-blanchardstown-co-dublin/2275762

that 500K pace is hugely overpriced, you can buy a 3 beds in Killiney for that price
the 65K house is located inside a closed estate, google drive didnt even attempt at driving inside LOL, you can tell how dodgy the hole place is

Mic 1972

Padre_Pio wrote: »

The sickening thing is that in 20 years that place will be worth 10 or 20 times what it's worth now.

not a chance

The_Conductor

Padre_Pio wrote: »

The sickening thing is that in 20 years that place will be worth 10 or 20 times what it's worth now.

Don't bet on it.
Its like O'Malley Park in Limerick, and then some.

Some places gentrify, other places are just where they dump those in society that they'd rather not have to think of, ever again, and the only time they ever are thought of- is when things eventually boil over- as happens here........

In 20 years time its as likely that the place will have been flattened and turned into an amenity park- while they go and practice their social experiments somewhere else- as anything else.

The whole area has been terror inducing for most of the last 30 years.

[Deleted User]

Markitron wrote: »

If that ever went for a million plus then money would officially be meaningless

That's what I mean! It'll never ever happen.

cnocbui

Padre_Pio wrote: »

The sickening thing is that in 20 years that place will be worth 10 or 20 times what it's worth now.

Not unless the climate improves considerably, for the better. The equivalent in Sydney or some other major city a good portion of the world wanted to live in, sure, but fortunately for those who want affordable housing in Dublin, it's not in that league.

Markitron

Deleted User wrote: »

Do you really believe that? Not being smart, I'm being serious!

If that ever went for a million plus then money would officially be meaningless

[Deleted User]

Padre_Pio wrote: »

The sickening thing is that in 20 years that place will be worth 10 or 20 times what it's worth now.

Do you really believe that? Not being smart, I'm being serious!

Padre_Pio

cnocbui wrote: »

The market has noted your concerns and aspirations and has thoughtfully provided a bargain, just as you wished: https://www.myhome.ie/residential/brochure/71-sheephill-avenue-blanchardstown-co-dublin/4429836

The sickening thing is that in 20 years that place will be worth 10 or 20 times what it's worth now.

Assetbacked

cnocbui wrote: »

The market has noted your concerns and aspirations and has thoughtfully provided a bargain, just as you wished: https://www.myhome.ie/residential/brochure/71-sheephill-avenue-blanchardstown-co-dublin/4429836

https://www.breakingnews.ie/ireland/gardai-appeal-for-witnesses-after-fire-damages-house-in-blanchardstown-922119.html

Gardai looking for four men who fled the scene on foot. Lovely.

Edit: that was a different incident nearby last year!

This was the fire related to the house in the ad https://www.dublinlive.ie/news/dublin-news/watch-dublin-fire-brigade-scene-18079992

cnocbui

combat14 wrote: »

So what's going to happen to the economy and the housing market when these 11-15 billion (30 billion extra debt mentioned in some places the last few weeks) of extra taxes and spending cuts that you mention kick in ...

And no I'm not a trade unionist!! I just dont want to over pay for houses that are over valued when the economy is hitting the rocks ...

The market has noted your concerns and aspirations and has thoughtfully provided a bargain, just as you wished: https://www.myhome.ie/residential/brochure/71-sheephill-avenue-blanchardstown-co-dublin/4429836

JimmyVik

combat14 wrote: »

So what's going to happen to the economy and the housing market when these 11-15 billion (30 billion extra debt mentioned in some places the last few weeks) of extra taxes and spending cuts that you mention kick in ...

And no I'm not a trade unionist!! I just dont want to over pay for houses that are over valued when the economy is hitting the rocks ...

I can only speak for myself.

The more tax I have to pay the less I will be spending on buying houses or going to restaurants even.

combat14

Hubertj wrote: »

I think you are intentionally misrepresenting the article. Or you don't understand it. Clearly, taxes will have to increase in places and decisions on what and where to spend will be made. Only a fool, or a trade union, would think otherwise.

So what's going to happen to the economy and the housing market when these 11-15 billion (30 billion extra debt mentioned in some places the last few weeks) of extra taxes and spending cuts that you mention kick in ...

And no I'm not a trade unionist!! I just dont want to over pay for houses that are over valued when the economy is hitting the rocks ...

19233974

JimmyVik wrote: »

Sure, broaden the tax base. Properly though.
Certain people are paying most of the tax. Certain people are paying fcuk all.
Certain people are sucking up far more than their fair share of it.

Im not sure how much of a broadening we will get with a FF/FG government. More of the same i suspect

Padre_Pio

Villa05 wrote: »

Can you expand your point please. Who do you put in each category?

People who earn less than me and people who earn more than me.

Definitely not people who earn the same as me. :pac:

fliball123

Villa05 wrote: »

Can you expand your point please. Who do you put in each category?

I think we need to start taking the foot of the neck of people working and paying income tax the threshold you pay tax at should come in at a much higher rate and then by all means bring in other forms of taxation. the same people cant be expected to do the heavy lifting all the time

Villa05

JimmyVik wrote:

Sure, broaden the tax base. Properly though. Certain people are paying most of the tax. Certain people are paying fcuk all. Certain people are sucking up far more than their fair share of it.

Can you expand your point please. Who do you put in each category?

JimmyVik

Hubertj wrote: »

i think a broadening of the tax base is necessary. I thought the same pre-Covid.

I wouldn't say cuts, i would say decisions on what to spend on. Those decisions would happen anyway. There was never an unending supply of money.

Sure, broaden the tax base. Properly though.
Certain people are paying most of the tax. Certain people are paying fcuk all.
Certain people are sucking up far more than their fair share of it.

Hubertj

JimmyVik wrote: »

Green Party, cuts, austerity.
Why am I not surprised.
Green party equals tax as far as I am concerned, whatever the excuse for them.

i think a broadening of the tax base is necessary. I thought the same pre-Covid.

I wouldn't say cuts, i would say decisions on what to spend on. Those decisions would happen anyway. There was never an unending supply of money.

JimmyVik

combat14 wrote: »

Looks like the real pain for the economy is only on way, time to batten down the hatches, not spend a penny and wait for house prices to drop, drop and drop

Coronavirus: New government faces financial hole of €11bn-€15bn

Neasa Hourigan, the Green Party’s finance spokeswoman, suggested debt reduction could mean austerity and cuts. The three will meet again today.

https://www.irishtimes.com/business/economy/coronavirus-new-government-faces-financial-hole-of-11bn-1.4263320?mode=amp

Green Party, cuts, austerity.
Why am I not surprised.
Green party equals tax as far as I am concerned, whatever the excuse for them.

Hubertj

combat14 wrote: »

Looks like the real pain for the economy is only on way, time to batten down the hatches, not spend a penny and wait for house prices to drop, drop and drop

Coronavirus: New government faces financial hole of €11bn-€15bn

Neasa Hourigan, the Green Party’s finance spokeswoman, suggested debt reduction could mean austerity and cuts. The three will meet again today.

https://www.irishtimes.com/business/economy/coronavirus-new-government-faces-financial-hole-of-11bn-1.4263320?mode=amp

I think you are intentionally misrepresenting the article. Or you don't understand it. Clearly, taxes will have to increase in places and decisions on what and where to spend will be made. Only a fool, or a trade union, would think otherwise.

Markitron

TheSheriff wrote: »

Only 65k

Mic 1972 wrote: »

You can fix the house but not the location ;-) it's one of the creepiest estates I've seen!

That's a bargain, sure remember this one from last week? It's not far from that 500k palace

https://touch.daft.ie/for-sale/semi-detached-house-4-westway-rise-blanchardstown-co-dublin/2275762

Padre_Pio

JohnnyChimpo wrote: »

You could save on a TV subscription and just look out your window for entertainment though

Wouldn't go near the windows. I'd perfect my army crawl across the floor.

Graham

and from the Indo

'Severe austerity won't be needed' - State is urged to spend big during recovery

The Government will need to spend billions of euro over several years to support the economy but there is no need for a return to austerity, according to the State's budget watchdog.

In its latest budget assessment, the Irish Fiscal Advisory Council (IFAC) says that even though the public finances will be stretched by Covid-19 spending, there is no need for a return to the "severe austerity" of the post-crash era.

https://www.independent.ie/business/irish/severe-austerity-wont-be-needed-state-is-urged-to-spend-big-during-recovery-39237076.html

combat14

Looks like the real pain for the economy is only on way, time to batten down the hatches, not spend a penny and wait for house prices to drop, drop and drop

Coronavirus: New government faces financial hole of €11bn-€15bn

Neasa Hourigan, the Green Party’s finance spokeswoman, suggested debt reduction could mean austerity and cuts. The three will meet again today.

https://www.irishtimes.com/business/economy/coronavirus-new-government-faces-financial-hole-of-11bn-1.4263320?mode=amp