JimmyVik wrote: » I spend about 3 weeks trying to rent somewhere in March/April. So many listings. The ones who did get back to me were all short term rentals. And they never mentioned it in the advert. Infuriating
awec wrote: » Social distancing is going to come under intense scrutiny once it becomes apparent that it's going to kill many businesses that otherwise would be able to survive. You can see the start of it already with the 2m cut to 1m argument.
Smouse156 wrote: » I assume you found a place in the end? Was there much of a discount on asking price?
Assetbacked wrote: » At the same time, social distancing nonsense cannot be required in order for these places to reopen while at the same time supports are withdrawn. It is not fair to tell a business "we're withdrawing supports to you as you can reopen but you need to ensure only a small no. of people are on the premise at any one time". If social distancing is required for another 6 months then the government absolutely must underwrite all businesses in the State.
Villa05 wrote: » Impossible task, sometimes you just have to take the pain. If the UK Government came close to insolvency this year, surely we are closer. Property related costs are the highest expense for most small business. If it is too high for current conditions it needs to come down in price just like it went up in periods of high demand Wage costs will fall as dictated by demand. Less staff for less demand. Stimulate demand by a reduced vat rate maybe, but it would be nuts to go any further. Use stimulus to tackle the housing supply imbalance. This will help reduce rents and property prices. This will help small business in reduced rents on there premises as well as increased demand as customers spending less on accomodation will have more to spend in local employment creating business, thereby sowing the seeds of recovery We just have to adapt, maintaining everything at January 2020 levels is not possible, creating the conditions for getting back there is
cnocbui wrote: » Prices may be affected, but they certainly aren't yet.
The_Conductor wrote: » How do you define a 'good viable restaurant'. Surely every restraunteur out there would imagine themselves to run 'good viable restaurant(s)'. How do you discriminate in favour of one establishment over another? How do you allow one restaurant to fail- while simultaneously incentivise a competing establishment up the street? It just sounds totally unworkable.
cnocbui wrote: » If social distancing is still thought to be required after all that lock-down, then they might as well give up on all measures and let nature take it's course as social distancing won't make any difference inside buildings given virus laden droplets can hang around in air currents in a room and remain viable for hours.
19233974 wrote: » Huh? hand hygienge and social distancing is the best way to avoid transmission, together with the growing evidence for masks. This is not an airborne virus, its droplet transmission. Nature taking its course is doomed to failure as all the seroprevalence studies so far have showed an infection rate of around 5% in europe. Until we have a vaccine social distancing and test and trace is the only way to manage it
brisan wrote: » https://thepropertypin.com/t/daft-house-price-report-june-2020/88177/6
cnocbui wrote: » No, hand washing is of only marginal use with masks being by far the best preventative measure against transmission and infection. The droplets in question are so small as to be verging on vapour. They are too small to see in general. They are of the size everyone exhales with every breath or by just talking. It's splitting hairs to be saying it's not airborne, because it effectively is. Social distancing is pointless when the droplets have been shown to linger for over an hour. The primary means of transmission is inhalation of airborne droplets, which don't come close to abiding by 2m rules.
Hubertj wrote: far too convenient and simplistic to blame everything on the cost of property / renting. It doesn't matter what the rent is if a proprietor cant open their premises or can only have a small number of people on their premises due to the current regs. Are you blaming the landlord for the premises being too small?
Irish_peppa wrote: » This 1000000% percent !!!! EXACT same thing happened me twice, EA could smell how keen i was and this bidding war started. I had to pull the plug as it went over budget. Well low and behold on TWO occasions i was called a few weeks (one time a friday night about 8pm) and the other supposed bidders had on one occasion changed mind and occasion 2 couldnt get bridging loan. They were prepared to accept my last highest bid. On both occasions I said No. They had over played their hand. I think its possibly a good idea to never show that you have your heart set on a place be very non chalent.
Donald Trump wrote: » You post is akin to arguing that if the government shouldn't bring in more stringent fire regulations to prevent dangerous overcrowding of having 5 bunks in a small bedroom, just because the landlords would need to be compensated for the nonsense of them making less money. If it's needed for health and safety reasons then that's life. They have to adapt and change. Let the weaker go to the wall. Others will fill the void.
brisan wrote: » WE (my brothers and I )have boght a few house over the years ,both as homes and to upgrade and flip. I always put in a very lowball offer ,(crazy low ) to give the impression we are interested but not over keen. You can be bidding against a wall or ghost bids as they are sometimes called Bidding against the wall is a term used by auctioneers in an actual auction room Its a game and you have to play it as such There is more than one forever home out there for everyone .
sanfranbest wrote: » How low was your bids compared to asking prices, say if a house was 400k, what would you offer, how low etc
brisan wrote: » https://www.thejournal.ie/central-bank-mortgage-arrears-covid19-5130663-Jun2020/
It seems counterintuitive. Why get excited about stocks linked to the housing market when millions of people are out of work and worries are increasing that a second wave of the coronavirus is coming? But like other things about this COVID-plagued economy that have surprised investors, strength in some pockets of the real estate market is completely unexpected. Home prices in the US are rising and demand for mortgages is surging—even with the unemployment rate near record highs.
cnocbui wrote: » Seems like the US is experiencing the same unexpected strength in their housing market as appears to be happening here:https://www.investing.com/analysis/heres-why-housinglinked-stocks-are-showing-strength-when-the-economy-isnt-200528533
brisan wrote: » Maybe people want out of apartments and into houses ,so people who were quite content to be long term renters now want to buy Maybe people want out of the cities after lockdown and the riots and are moving now Will mortgages be available ??
cnocbui wrote: » If mortgages aren't being made available, the banks won't be making much money.
combat14 wrote: » wonder will the new govt jump at this property opportunity Ireland as new base for millions of Hong kong citizenshttps://amp.independent.ie/business/irish/property-tycoon-eyes-ireland-as-new-base-for-millions-of-hong-kong-citizens-39308660.html
PommieBast wrote: » "according to the Telegraph". Pass the salt..
Assetbacked wrote: » There is a bubble, the US Fed is underwriting the entire thing. That is still better on a risk v return basis than leaving money in cash or going for low interest rate bonds. Asset prices are being propped up by the Fed via its astronomical QE, economic indicators are all entirely at odds with what is happening in assets such as stocks and property. It's very ironic/tragic that the gains are kept away from the paws of the public purse via tax efficient structures but when it starts to go tits up, these same entities and individuals that benefitted from the gains cry out for Fed assistance. The US never really suffered after 2008 due to the Fed printing money to prop up the entire system and it is continuing to do that here. The Fed is actually buying corporate bonds, these are loans issued to companies, in a lot of cases they relate to zombie companies with poor outlook or are already past their lifespan. It's so bizarre to see this as I don't know how the Fed can transfer the bonds back into the market as there won't be participants lining up to take on this debt in place of the Fed. So long as the economic chips are not allowed to fall, expect assets to remain stable or even rise. Where does it end? Social unrest is my guess and populism; Brexit, Trump, the AfD in Germany, SF in Ireland. All of this is just the beginning.
Walnut Salad wrote: » I personally think the astronomical QE and debt spiral will cause the world financial system to crash. Whether the Covid induced world recession triggers it; time will tell.
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