woodchuck wrote: » And like I said, we're well beyond sale agreed, so I don't think it's even possible to re-negotiate the price at this stage anyway.
Markitron wrote: » I know its a nice area and all, but paying even that much for a house in that state thats 2 minutes from Swords seems mental to me.
woodchuck wrote: » That's not a risk I'm willing to take. I've already explained our personal circumstances and the lack of supply in the area we want. If this sale falls through, I'm genuinely concerned that we'll be stuck renting the apartment we're in for the foreseeable future. And like I said, we're well beyond sale agreed, so I don't think it's even possible to re-negotiate the price at this stage anyway.
Pelezico wrote: » Until contracts are exchanged, you can do what you want. Hope it all goes well for you. A lot of falls today....circa 25 and 8 increases? The pace of decline is accelerating. I am genuinely surprised that everyone on this thread is not all over this easily accessible statistic.
Pelezico wrote: » This is called a gazunder. In the current market, gazundering is quite acceptable. Look at those falls today on myhome.ie.
Cyrus wrote: » you are aware of the difference between asking prices and selling prices? we may well see falls in achieved sales prices, but using price drops on myhome is futile.
Pelezico wrote: » Falls in price expectation are a forward indicator for falls in prices. This is a repeat of last downturn.
Springy Turf wrote: » This is the ESRI prediction:https://www.boards.ie/vbulletin/attachment.php?attachmentid=522289&stc=1&d=1596733012 The baseline is if CoVid hadn't happened. The v shaped recovery is in the scenario where the economy is returning to normal this year. The Sluggish line is for continued tight restrictions. 100 points on the index represents the prices for q1 2019. They are predicting a 14% drop by q4 2020 in the sluggish scenario.
Marius34 wrote: » It seems they failed with their predictions, it shows 6-8% price decrease by 2020 Q2, both in sluggish and v-shapped, so far the only close scenario from the graph is "baseline", as if covid didn't happen...
Pelezico wrote: » 35 falls today and 6 rises. That is a new high. I will keep an eye on supply. It us likely that more houses will come on the market in Autumn with the traditional.autimn selling season.
Sarn wrote: » As a matter of interest, how many remained unchanged?
fliball123 wrote: » I always thought summer was peak season
Springy Turf wrote: » Seems like it. Is there data available comparing 2020 q2 prices vs 2019 q2 yet? I did hear of some prices being negotiated down during the CoVid period. The number of transactions would have been so low I guess its not worth trying to read into it anyway.
Marius34 wrote: » The latest report from CSO is for 2020 May transactions.https://www.cso.ie/en/releasesandpublications/ep/p-rppi/residentialpropertypriceindexmay2020/ There are no change so far between 2019 and 2020 prices. The number of transactions in April & May was lower by 50%, but there is some recovery from June/July, it's running around 30% below 2019 levels, so it's not that low. I have my own statistics, it's not as precise as CSO, but there is no real change in price visible for the months of June & July, thus I'm quite confident CSO will not record any significant change.
Pelezico wrote: » j June July transactions down about 48 % on last year. Not sure where your stats ste coming from.
Pelezico wrote: » Marius..I reckon we will struggle to hit 2000 in July and this will slow over the next few months.
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.
brisan wrote: » You do know the economy is on life support due to the Government pumping billions into it.
Mic 1972 wrote: » yep, the result is high inflation
The Belly wrote: » [/U] Ireland inflation rate for 2019 was 0.94%, a 0.45% increase from 2018. Ireland inflation rate for 2018 was 0.49%, a 0.15% increase from 2017. Ireland inflation rate for 2017 was 0.34%, a 0.33% increase from 2016. 2020 currently stands at 0.4% Where's the high inflation? we are looking at deflation going forward.
awec wrote: » Do you know how much it costs to carpet a bedroom? In the grand scheme of things it's a completely and utterly irrelevant cost, of no consequence whatsoever. Same as your fixation with stag dos. Another complete irrelevance. It wouldn't matter how frugal someone is, even if they live a life of sheer abject misery. It wouldn't matter if they were willing to move into a house that has literally nothing in it, concrete walls and plaster walls. It wouldn't matter if they never left their house for any sort of social occassion. They still wouldn't be able to buy a 3 bed semi on their apprenticeship wages like you were.
Pelezico wrote: » Well, I dont consider financial prudence to be greed. There is always another house.
woodchuck wrote: » Yeah we're sale agreed, survey done, valuation done, contracts in. I can't imagine asking for a reduction at this stage!! And we wouldn't have asked before we went sale agreed either - like I said, there were 2 other bidders nibbling at our heels.
Bass Reeves wrote: » Everything is inconsequencal by itself but by adding everything up they make a difference. The first main difference is building standard, insulation, climate change costs, and certifiacation has added 30-50K to the average house. 1980's standard finish compared to finished expected now has added about another 30K to the standard house.Things like stag's latte's, meals out, holidays etc etc may cost the average 20 year old 10-15K a year. In the 1980's a Thursday night out was 5 pints and somebody drove home after. We might call to Kranks corner but only might. There was no 100 euro for a snort of Cocaine and we might hit Poldarks Saturday night if we were around and not gone home. 3rd year apprentice on 40K and if his Girlfriend was on the same after tax saving one wage for 4 years is 127K. 3.5X80K =240K. That a total of 367K without an exemption, add in an exemption and you are hitting 400K And there is another bidder. If a bidder tried to a stunt like that on me I sell for less to other bidder rather than sell him the house. People often forget the costs involved Survey and vauluation 1.5-2K nowadays, legal fees another 1-2K which you may have to pay if you do not complete the deal
awec wrote: » 10k a year? 800 euro a month? What sort of 20 year old do you think has that sort of cash to splash about?
