JimmyVik wrote: » I cant help but think there is going to be a drop. But Im always wrong when I try to predict anything to do with property.
Deub wrote: » And that’s where you see the housing market is dysfunctional. Some people are afraid of losing their job in the coming months and what do they do? Make the biggest purchase of their lives.
IsErik wrote: » Do people foresee a drop in prices within the next 2 years? Purely word of mouth and no data to back it up but i know of a few people who fear they may not have a job within the next couple of months but are currently AIP with and without exemptions and are pushing ahead with their purchase, solely due to the fact they may not be able to buy the house they want within the next few years. All are mid thirties and want to buy as soon as they can. I wonder if this could cause a spike in activity and eventual sale prices in the short term and then when the true impact of this recession hits we may see a downturn, who knows. Interested to hear other peoples take on the matter
limnam wrote: » half a mil for a shoebox in kildare. Where do I sign up. Who buys these fcking things.
19233974 wrote: » It was an obvious typo! but i didnt mention any of the things you stated. Ehhh they are the party in power so who else would i expect to fix the obvious issues with the housing market? You do understand that is why we having a minister for housing? who else would fix it? off the top of my head they could. Attempt to reduce building costs, streamline planning and the bureaucracy involved, utilise the fact that the state is the largest landholder in the country, make the reit`s pay some tax but create a balance so that its still worth their while to fund developments and increase the scale of developments in the city centre. There are so many things that we could do quickly and easily, we need balance brought to the market.
Marius34 wrote: » Your citation is different from your actual comment. Anyway, in this case, I'm not sure than what kind of changes you expecting from FG in order to fix Property Market issue in real terms?
19233974 wrote: » this is my previous comment: "the people shouldnt have to protest to be entitled to housing, and progress has been absolute minimal and driven by monstrous profits being made through the rental market by institutional landlords. So very dissapointing to see basically a continuation of the status quo for the next few years with a recession thrown on top" I never stated against stated i am against landlords, profits etc. So unsure where you got that from. I stick by what i said that progress on the housing front has been absolute minimal, we have basically gone through our boom cycle without correcting any of the issues. I cant see it changing with what FF/FG have proposed, i thought the major gains made by SF might have shocked them into correcting some of the clear deficiencies but covid and the subsequent economic fallout looks like housing will remain the way it is.
19233974 wrote: » the people should have to protest to be entitled to housing
Marius34 wrote: » I'm not calling you lefty, and I agree with this comment, but not a previous one, where your focus was mainly against landlords, profits and human rights, where most people protest for. Which won't solve housing crisis as long as there we don't increase residential construction. Increase in landlords whether it's large or small ones, its increase competition, and as a result decrease in price. I do think it's unfair competition between big international investors, and small Irish landlords. Where international investors pay less tax for the same service, than local individuals.
19233974 wrote: » You are stating the obvious! Im not talking about killing capitalism, jesus. Im talking about basics of a functioning housing market that isnt keeping people in perpetual rental traps at peak affordability while international investors cream off the top. Im far from a lefty but Its clear what needs to be done, however the "people" can not just enact policy to bring in change and i am not talking about peoples rights. I am talking about a housing situation that functions in a reasonable way and that needs to come from government level which has abjectly failed us.
Marius34 wrote: » Viva Venezuela, Viva Cuba, kill capitalism, power to people (= power to inefficient corrupt government) That's how left populists takes power. Every person might get a shelter, but not the living standards they fight for. It really dangerous to put main focus on peoples rights (although i agree its important), instead on focus on construction supplies, and it's competition. In Ireland, as for an advanced country with low property stocks, you really need to focus on building as much as possible with fair competition on supply side.
wolfyboy555 wrote: » Prices are mad. Are EA just jacking them up hoping people will panic buy? Here is a 3 yr old house in Cellbridge asking 460:https://www.myhome.ie/residential/brochure/8-hawthorn-gate-celbridge-co-kildare/4434438 It was bought for 390 3 years ago and I assume owners could avail of the HTB for an extra 5% off.https://propertypriceregisterireland.com/details/8_hawthorn_gate_maynooth_road_celbridge_co_kildare_ireland-258980/ So buying this as a FTB now you can't apply for the HTB. We've been saving hard the past number of years and it's depressing to see these savings wiped out by crazy price increases.
JimmyVik wrote: » Have you bid on it? They EA might tell you what bids are on it. Might even be less than you think.
The_Conductor wrote: » You're kidding- right? Most of the midlands are on a flood plain- I've photographs of me boating around Athlone as a kid- there were regularly thousands of acres on both sides of the county border under water- all the way up to the Dublin road. Ireland is a low lying country- with occasional hills. We had better get used to it (flooding), and suggesting that the midlands will somehow be immune to flooding- when historically much of the midlands was periodically (not every year) inundated with flooding- will mean a lot of people will have wholly unrealistic expectations..........
Hubertj wrote: » How does Aus and NZ compare with Ireland in terms of housing stock? I presume tax and regulations around rental income are more stable compared to Ireland?
JimmyVik wrote: » This is also good for the tax man. He will be getting €15k of your money too. Big incentive for them to keep people renting.
TheSheriff wrote: » Spoke with a friend this morning I haven't chatted to in nearly a year and mentioned we had been house hunting the past few months. The response was, "oh, we are starting now too, there's gonna be drops over coronavirus" and that they've just got the mortgage AIP. I maintain that when everybody on the street is looking for said bargains it will be even harder to find one. I think for many who have lost/delayed mortgage approval due to Covid, there is now a whole new wave of people who weren't planning on buying before, but now think there'll be bargains to be had so are jumping on board.
Awkwardstroke wrote: » While flooding is likely to be an issue in the future, its been overstated in my opinion here. There will also be some positive upsides to climate change, with warmer summers and less frost during winters (saving on home heating costs). Having said that some terrible planning decisions in the past contributed to houses been built on Turloughs etc.
Newbie20 wrote: » This is a good point. Very simple, but some people seem to forget that they are paying rent whilst holding out for a price drop in houses (talking about those that currently have the deposit). I think it comes down to how badly somebody needs a house. If you are at the stage where you have waited for years to buy, I’m not sure I could wait another year or two to see what happens. If a couple decides not to buy at the moment and continues to rent instead at say for example, €1,400 a month, after 2 years they will have spent €33,600 in rent. These people could hold out for 2 years and then be delighted about getting a €30,000 drop in the house price but they’d have spent it anyway in the meantime. Now maybe the house prices will drop massively (who knows) and these people will be proven right in time, but I think it’s worth remembering that you are spending a certain amount of the potential drop anyway while waiting.
19233974 wrote: » the people should have to protest to be entitled to housing, and progress has been absolute minimal and driven by monstrous profits being made through the rental market by institutional landlords.
Awkwardstroke wrote: » There will also be some positive upsides to climate change, with warmer summers and less frost during winters (saving on home heating costs).
