Assetbacked wrote: » In less than an hour you can get from most of Dublin into the city centre during rush hour, again, unlike London where under an hour is considered good going even with their excellent transport system. So I'm not sure if rapid transport is necessary as much as frequent transport (more darts, buses and Luas) and fully segregated, high quality cycling/escooter lanes instead of the ridiculous situation of allowing cars drive the whole way in past the canals during rush hour! High density in the city centre will bring more of the workers out of the suburbs which will alleviate capacity issues on public transport in any event, which means there won't be a mass exodus to the medium density apartment buildings out in the suburbs resulting in overwhelming demand on public transport.
Assetbacked wrote: » But Dublin is not like Paris or New York as we have sprawling suburbs and relatively low density. There is plenty of space in the capital to build 3-5 storey blocks of apartments throughout the suburbs and space to build even close to the city centre hence the massive amounts of planning permissions which have gone through the planning system in the past couple of years and right up until the covid crisis.
SozBbz wrote: » I agree, I think turkey property sub 500k is going to get really problematic. New builds will trickle off (unless the state steps in, which they might to make it worth builders whille despite the other risks in the market) so buyers will be left with the 3 D's (Divorceing, Desperate and Dead - and the third category especially are not known for leaving behind turn key property.)
fliball123 wrote: » Good analogy the fact is no one knows what way this will shake out. No 2 recessions are the same and the thing that throws the cat amongst the pigeons is the no repossessions in this country if this changed then I would say definite price drops but while everyone is losing jobs and taking cuts they will be allowed stay in their house for as long as they want and why would you sell at a loss when you can sit on your hole not paying your mortgage.
Assetbacked wrote: » In less than an hour you can get from most of Dublin into the city centre during rush hour
Markitron wrote: » You are going to have to define what you consider 'most of Dublin' and 'rush hour'.
Julissa Bitter Jeep wrote: » A lot of doom in here, I reckon 5% drop max. People need places to live. If you turn your phone off for a bit and go take a walk in your nearest city, things looking very much back to normal.
fret_wimp2 wrote: » Whats considered turnkey? New builds mostly have no floors, paint/wallpaper, carpet, furniture so one cant just walk in and start living. A new build thats been lived in for 3-4 years is no longer new, but is technically turnkey, but most will want to repaint, re-carpet and still need furniture. Im interested as i often see "turnkey" mentioned on daft, but not one doesnt have some feature i wouldnt change.
Assetbacked wrote: » Generally, inside the M50 which is most of Dublin and not talking about driving as it is ridiculous to have people driving from within the m50 to the city centre (I'm not talking about akward locations not quite in the city centre). Those that can cycle and living within the m50 really don't have far to go to get into the city centre as you're only looking at a 7km cycle (around 30 mins). I've gone from Malahide on a bus into the city centre for a few weeks and it took pretty much an hour to get to the convention centre, the dart takes 25 minutes to Connolly (commuter train 17 minutes). I've lived out in Dun Laoire for a bit and again, the bus took around 40 minutes with the dart obviously faster to get into the city centre. Less experience of west to east but the Luas from Tallaght into the city centre would definitely take less than an hour.
awec wrote: » I think 5% is overly optimistic.
Ush1 wrote: » Goal posts are shifting all about. I can guarantee you, by bus from many parts of Tallaght to Dublin 2 will be at least 1 hour and a half when the schools are open during rush hour. Terenure village, Rathmines, Rathgar etc... are big bottlenecks. The luas from Tallaght to Spencer dock is about 1 hour and 10 minutes, can be longer sometimes. Tallaght is the most populous town/suburb in the country, not sure how it wouldn't count.
Iceman29 wrote: » Maybe more like the plane was crashing and there was limited parachutes on a plane.....
Assetbacked wrote: » Straw-clutching here and even at that your hyperbole still only gives 1hr 10mins, so the general point that most of Dublin can get to the city centre in under an hour still stands. Terenure, Rathgar and Rathmines, all outside the canal so suburbs and all comfortably under an hour into the city centre (even walking). I think you're struggling to make a point that is a tangent in any event.
cnocbui wrote: » I think you have the wrong definition of turnkey. I take it to mean that all the functional aspects of the house work and that the decoration standard is acceptable functionally, if not aesthetically. In other words, everything works and you can move in and live immediately, even if you have to grit your teeth in disagreement with aesthetics. You can repaint while living in a house. Internal paint lasts decades, not 3-4 years. Carpeting would be the main thing you might want to update before moving in, but it's a want, not a need. Actually that's a better and shorter definition of turnkey: It's got what you need to be lived in, not necessarily what you want.
fret_wimp2 wrote: » Makes sense, so a new build is not turnkey. So which is more desirable, a completely new, new build, or one that was a new build a few years ago, has been lived in for 4-5 years and is technically now "turnkey"? Or would this be considered no different to any other 2nd hand property be it 5 years old or 50 if they are both "turnkey"?
Walnut Salad wrote: » Do you mean for 2020 or 2021 or longer term?
ebayissues wrote: » How long would it take for house prices to fall? The peak to trough during the last recession was 4 years.... how much rent would one waste away by waiting?
Ush1 wrote: » There is no hyperbole, I did these commutes. Saying during rush hour you can get from anywhere in Dublin on public transport to the city centre in under an hour is simply not true. I didn't mention Rathmines etc...to talk about how quick they can get in, I'm pointing out that sitting on bus from Tallaght you will be at a standstill multiple points along the way for periods of time.
cnocbui wrote: » I'd say the 2nd hand house that has had someone sorting the problems the last several years and which is livable now. But for some reason the market seems to prize new build above almost anything else. The most desirable quality in other countries is location. Pretty much by definition, old properties have the best locations because the builders had the better choices as to where they built. Leaving aside oppressive planning, it's said you can change almost anything except location. I suspect a lot of people are limited in what they can buy by a near total lack of any DIY ability so changing things requires paying tradesmen, which might alter their interpretation of 'turnkey'.
