awec wrote: » Yes, you could take the break as a "precaution" if you wanted, which was when you had no income reduction but still wanted the break. Seems that some took it as a chance to bank 3 months worth of mortgage payments to have cash on hand just in case, and were happy to pay the added interest over the term of the mortgage.
awec wrote: » What are today's numbers?
hi! wrote: » At 18 when I started training as a nurse I wasn’t thinking about my ‘poorly’ paid job. I was thinking about a job I had always wanted to do. I suppose maybe that was naive of me. I’m not even trying to buy in Dublin- trying in North Kildare but still priced out of most places. Also a lot of the big teaching hospitals keep people close to Dublin too.
Cantstandsya wrote: » There is a good book "Bull**** Jobs", it goes into all this. Basically our society severely undervalues the things it needs most while overvaluing the things it needs the least. The idea that nurses and teachers should clear out of Dublin is so stupid that the fact that it actually is "common sense", which a previous poster ascerted and I have to agree with, shows that this is a broken society.
Pelezico wrote: » 33 changes...I count 26 falls 7 rises. Also, new listings are more realistic....in line or lower than recent equivalent sales. The market is at a cusp.
Pelezico wrote: » This is not correct. The number of falls has accelerated in the last few months.I now expect 100 falls per week. A few years ago, it was circa 20. As for falling supply, this always falls in Summer months. Come September, supply will start to increase.
MacronvFrugals wrote: » A lady that lives close to me got her house valued last year 390k - its beautiful and had 180k worth of work including a double extension and redecoration. The same estate agent told her 320k is the price now last week. Thats D7 though because i know other posters were mentioning other areas are doing better than ever. Personally i'm looking at D11 and prices have dropped 5% in the last 3 months according to myhome.ie
Pelezico wrote: » We have the deepest deflationary shock in history. People are highly geared and the government is highly geared. Just look at today's deficit. Big tax rises coming soon. So yes...we have a credit bubble.
Mic 1972 wrote: » The effect of pumping money into the economy is inflation. With inflation on the rise we can expect house prices to rise too. Nobody knows which way the market is going to go despite recession being so close.
Pelezico wrote: » Dont buy yet....that is what I am telling my son. Accumulate a larger deposit and wait for the pain.
Marius34 wrote: » I asked already, where do you get those stats what was few years ago? It does sound suspicions, that there are such a big change in trends.
Mic 1972 wrote: » D7 is Stoney Battery and Smithfield, very definitely expensive areas considering how old the buildings are Asking prices for 1beds are through the roof, that applies to the latest additions last week
Pelezico wrote: » If you want to.pay higher tax to virtue signal....go for it. Nursing and teaching do not deserve higher salaries because they attract more than enough entrants at current salaries.
Cantstandsya wrote: » Not necessarily, just ask the Japanese.
Mic 1972 wrote: » Japan has a deflation, that's the opposite to inflation You are right, that's what happens when there is a deflation. Prices drop Here in Ireland we are looking at the opposite dynamic
MacronvFrugals wrote: » The example i gave was in Cabra, personally i think she'll get more than 320k when people see it in person but thought the EAs opinion was interesting.
Cantstandsya wrote: » You mention printing money as the cause of inflation, Japan prints money and spends it on nonsense public works like bullet trains to minor towns or investing billions protecting every minor hill against landslides...yet they have deflation.
Cantstandsya wrote: » How is it virtue signalling? Can Dublin function without teachers or nurses?
Mic 1972 wrote: » Ok, Cabra is a completely different reality then. Prices were going down in Cabra already last year
Pelezico wrote: » Can people survive without shop assistants, guards, bus drivers and a host of other jobs? Nurses are particular subjects for virtue signalling. The hard working nurse is deified in UK...as lo g as we dont have to pay her.
MacronvFrugals wrote: » I haven't been following the Cabra that long tbh, apart from other areas being nicer is it just a demand thing that Cabra is falling and Stoneybatter rising/ holding? I seem to remember houses in Cabra being bid up to 40k over asking price in the 3rd quarter of 2019.
Cantstandsya wrote: » I only said nurses and teachers as they were the two mentioned previously. I believe a city needs all of these people mentioned and that is why I believe in affordable housing and think the fact that nurses and teachers (and the rest) should clear out of Dublin to have a decent life is a sign of a dysfunctional society.
fliball123 wrote: » How does the likes of New York and London and Paris and Sydney function with the same dynamics
Mic 1972 wrote: » Cabra bounced back when they got the Luas, that had a nice effect on property prices but the area isn't very attractive. Houses are small, most of them are 3 beds converted in 2 beds where the 3rd room was used as bathroom. Then you need to consider how rough the area still looks.
Pelezico wrote: » There is always somewhere to live.
smurgen wrote: » No we don't. We're facing into a prolonged deflation period. I stand by my claim at the start of the pandemic that we're facing medium and long term falls in property prices.I stand by my claim that prices will be lower for at least ten years.
