SozBbz wrote: » Ha, no they werent, they were saying it was imminent back in February. Because that hasnt actually happened, they're now saying late this year or early next. The good news for the stopped clocks is that they will be right eventually.
missforgetfull wrote: » Hi, I'm hoping to get advice on a dilemma. There is a house that we like, it sold last year and is currently on rent. I contacted the estate agent asking if they could contact the owner and ask if they are willing to sell, i'm willing to offer more than what they bought for. EA came back with sorry, we dont contact owners. Is this normal? Is there anything I can do cause we like the house?
Marius34 wrote: » Not really, you may go back to discussions 3-4 months ago. Many saw prices already falling, some saw crash coming in few months.
Markitron wrote: » I think a poster a while back summarised this thread best when he said it is basically people who just bought a house convincing themselves they bought at the best time vs people living in their ma's house waiting for a bargain.
Walnut Salad wrote: » I notice people on this forum are like toddlers with zero patience. They all want instant gratification for their points too.How could people be predicting a 'sudden crash' when the market was essentially stalled in terms of viewings/transactions? And then we have the government subsidising wages. Stops lads, ye need to get out for fresh air. We are talking about property here, not share prices.How long did it take before the houses prices bottomed out after the 2007/2008 economic shock? Was it 4 years?There is no point in even looking for a credible trend or making any projections until the end of this year at the very earliest. So many unknowns still (e.g. end of government covid payments? Second wave? Trading partners?)
Marius34 wrote: » 1) It wasn't me who was predicting sudden crash, in opposite, thus can't answer for others. 2) 5 years, property prices started to go down, from the first signs of the economy slowdown, but wouldn't look at this to find a bottom, as each crisis is different. 3) I think you abit contradicting yourself, in previous comment you were already projecting that the prices will go down.
eagle eye wrote: » Has there been any fall in house prices yet? If not then why not? Surely things are going to pick up with people going back to work?
MattS1 wrote: » Not seeing any slowdown in the Dublin market. Competitive as ever. It's like CoVid didn't happen.
Empty_Space wrote: » It takes time. Of course prices haven't fell yet. But they will, the only question is how much. It's hard to predict until we see how badly the "world" economies are effected. But I think it will be very bad. Those talking about trivial local things like supply are entirely missing the point.
ebayissues wrote: » As reported by the Journal, AIB have reversed their decision not to lend to those on WSS. Bunch of cowards.
TheSheriff wrote: » Supply is anything but trivial and will likely be a large determinant of the depth of any such falls.
Top Dog wrote: » Had to go have a look. Personally I thought it was a orient move on their part, but hey ho. Can anyone comment on the accuracy of this paragraph please? The mortgage process – from application to drawdown – typically takes an average of six to nine months to complete, and occurs in four phases – application, approval in principle, letter of offer, to drawdown. I know it can be a slow process - but THAT slow?
Assetbacked wrote: » It doesn't look like the last few Daft reports are sugarcoating anything. In fact, the Daft report has sounded alarm bells for the last 3 months. I can't search easily on my phone but I posted before on the recent Daft reports.
Iceman29 wrote: » Things must be really going down the swanny if they're not trying to put a positive slant on things
