The_Brood wrote: » Was seemingly close to having an offer accepted, then investor came in with straight up cash and delivered the knockout blow. It seems that everything is stacked against first time buyers.
awec wrote: » Amazon announced yesterday they are building a new building in D2 and creating another 1000 jobs here. The post-covid world is not going to be as straightforward as you think.
Cantstandsya wrote: » https://www.independent.ie/business/personal-finance/property-mortgages/house-prices-rose-slightly-in-may-despite-lockdown-limiting-sales-39372057.html "The survey shows demand for loans for house purchase and consumer lending fell at the fastest rate in the history of the series and is the first marked decline in demand since the last quarter of 2011."
Graham wrote: » Thanks, interesting reading the Bank Lending Survey which I assume the article was based around.
Cantstandsya wrote: » That the post covid world will feature a booming Amazon is hardly any surprise to anyone considering the pandemic gives it a monopoly on a lot of people's spending.
SozBbz wrote: » AWS is not the same as Amazons online retail business. Its a separate entity and the jobs here will be nothing to do with Amazons retail model. AWS is cloud computing. THey're building data centers and wind farms to power said data centers. This is big for AWS, first time they've done it on this scale outside of the US. Its actually quite significant for Ireland.
Cantstandsya wrote: » Thanks for that. Interesting that not only did demand fall at a record fell, it fell literally as far as it possibly can on these measures. So they expect demand to go up in Q3 but restrictions to tighten even further. Any idea when these are published? The next one will be interesting reading.
Cantstandsya wrote: » Fair enough and excuse my ignorance. Is it illustrative of the current economic climate though?
Astro127 wrote: » Hi so what would everyone prefer to do pros and cons 1 buy a new build 2 buy old and renovate 3 build
fliball123 wrote: » All depends on where you are in your life young couple looking to get your foot on the ladder new build Older couple looking for a home you wont move from build
Iceman29 wrote: » Amazon aren't your average company in fairness.... they were probably the biggest beneficiary of this whole mess.... i know myself i ordered much more from them during lock-down than i normally would have. Just seeing now that more than 200 jobs are gone down in Kerry at BorgWarner. I would put money on it that there are much more BorgWarner's out there than Amazons.....time will tell
TheSheriff wrote: » But whats the average salary of an employee in Amazon versus that of BorgWarner? No doubt there'll be more job losses, but the amazon announcement is a BIG deal for Ireland. Alot of Tech does seem to be doing very well in all of this.
TheSheriff wrote: » This is another property we have been following.https://www.auctioneera.ie/property/33-castleknock-avenue-laurel-lodge-castleknock-dublin-d15-pp82 Bidding started yesterday, already at asking. We've seen nothing but houses going over asking in the Castleknock/Coolmine areas. Have been following this market for near on a year. No sign of any slow downs (yet).
Iceman29 wrote: » Average salary means nothing in this case, lets say you have 1000 new workers on big salaries looking to buy. They buy 1000 houses and you have 3000 made redundant that were also looking to buy that's a net loss of 2000 buyers on the market..... what happens to house prices? they fall.....
Thierry12 wrote: » Nice house, looks much bigger than 1000sqft
Assetbacked wrote: » The tentacles of regulation in the US are hopefully going to start off the chain of events which ultimately breaks up Amazon and the others. Tomorrow there is a hearing with the main heads of Amazon, Google, Apple and Amazon on their abuse of dominant positions. In Ireland it's funny, we have such a cute hoor attitude that "sure it's a great little country to do business in, these tech jobs are great" but there is not really the same discourse regarding the negatives of these companies becoming so big, e.g. eroding democracy, stifling competition etc. In any event, there is an argument to say the regulators cannot keep up with the private sector and its practices so it is not likely anything major will happen anytime soon. I've decided to buy Ires REIT shares (predominantly in the residential sector as opposed to Hibernia who predominantly operate in the commercial sector) today on a short-term horizon (6-12 months) as I feel these types of job losses combined with a muted supply of new builds in the near term will increase sentiment towards there being a rental crisis and therefore a demand for rentals.
Thierry12 wrote: » That site is an eye openerhttps://www.auctioneera.ie/property/47-gulistan-cottages-rathmines-dublin-d06-e6c9 Already at 485k My garage is bigger and that only cost me 20k :pac:
TheSheriff wrote: » I also think this is INSANE money, absolutely insane. But, my sister-in-law just got mortgage approval and they are exclusively looking at (what I would consider) tiny two bed red bricks which are priced at eye watering guides in D6. Wouldn't be for me, but some people love this stuff, minutes walk to rathmines/ranleagh etc. I can see the attraction; I think the premium is maddness, others may think it's worth the money ... someone already thinks its worth 485k!!!!!
Sarn wrote: » That sold for €520k at the end of 2017.
