standardg60 wrote: » Discussion is making an argument one way or the other. Describing people as peddling when making an argument is essentially surrendering to their argument when you don't have a legitimate response. The housing market in this country has basically become a pyramid scheme over the last couple of decades. It requires more and more new entrants supporting an argument that stuff costs a particular amount and therefore can't fall below a particular amount. Who says land should cost A Who says developers should make B Who says construction workers should make C Who says estate agents should make D Who says banks should make E Actually they do because they have loaned to B to pay A, C and D. Credit is the enemy of society, what would things actually cost without it? The ST business section ran a complete sop to Cartrawler.com last Sunday despite having laid bare it's financial position over the previous two weeks, including the fact that Bank of Ireland was writing down millions on an outstanding loan. The Governor of BOI is unbelievably also the chairman of said company! People seriously need to cop on.
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.
'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.
JohnnyChimpo wrote: » You could save on a TV subscription and just look out your window for entertainment though
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!
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
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.
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.
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.
Villa05 wrote: » Can you expand your point please. Who do you put in each category?
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.
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.
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 ...
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
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.
Deleted User wrote: » Do you really believe that? Not being smart, I'm being serious!
Markitron wrote: » If that ever went for a million plus then money would officially be meaningless
Markitron wrote: » That's a bargain, sure remember this one from last week? It's not far from that 500k palacehttps://touch.daft.ie/for-sale/semi-detached-house-4-westway-rise-blanchardstown-co-dublin/2275762
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?
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?
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