Mic 1972 wrote: » If the government is printing a lot of money to pump into the system there will be high inflation. That was my point from the start. Otherwise this will stay as they are and i'm more than happy with it
dwayneshintzy wrote: » The average 20 something in Ireland is not spending €5k a year on cocaine, what a ridiculous thing to imply
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
JimmyVik wrote: » That was after you met all your mates (all the ones who didnt emigrate) after collecting each of your doles (about £50 per week) because there were hardly any jobs and hadnt been for years.
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: » 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.
The Belly wrote: » Where's the high inflation? we are looking at deflation going forward.
GreeBo wrote: » 180K is an awful lot of work for a house supposedly worth only 320K. What are the prices in the area, you never want to be the best house in your area IMO, you want people to see value in purchasing yours.
M256 wrote: » Are you suggesting that consumer prices will fall?
JJJackal wrote: » 180K is alot of work alright for at 320K house - you never see the value in extensive expensive renovations in the sales price.
coolshannagh28 wrote: » Gold is holding at over $2000 an ounce , this has more relevance to Irish property prices than much of this discussion.
Ursabear wrote: » In the 80s my parents bought their house on just my father's salary 4 years after finishing university. Plenty of my friends now out of college, over a decade, cannot afford to buy yet as the 3.5 multiplier / being single makes it difficult to find anything suitable. The couple argument is frustrating when you are comparing the 80 s to now as plenty of single salary families bought then and there is a huge amount more people remaining single these days.
lomb wrote: » Exactly my research on it was my dad paid 60k for his house in 1990 and watched it climb to 800 by 2006 and is 600 today in 2020. The reality is he had his mortgage paid in a few years and then lived the life of Riley. He bought several other properties one for 25k in 1983 that went to 450 and is now at 300. All paid in a few years. Ive said this for some time but the young will never have it as good as the previous generation. The future for the West is bleak, its all downhill unless you like being a consumer in which case its never been better, but its terrible to be a producer. If you wanted to take matters into your own hands I would today if I was early 20s, gets some online skills in ecommerce/affliate marketing and head to SE Asia to cut costs get the rent down to 100 a month to free up time and allow 100% focus and work on your laptop lifestyle business . When you have a business cash flowing a minimum profit of 100+k but probably more like 200k pa then Id consider returning if I felt like it. The only thing here is debt and taxes (and death but that happens anyway)
tobsey wrote: » That’s another cock up of the FF 97-09 governments, tax individualisation. It made it almost impossible to have a single income household, and the extra income into households helped blow the bubble much bigger. Now it’s mandatory to have two incomes unless the one is in the top 1% or 2%.
PropQueries wrote: » In The Times today, it reported that AIB forecasts that “Irish house prices will drop by almost 6 per cent this year and about 5 per cent next year before returning to growth in 2022.” Not allowed to add the link but it’s in today’s The Times under the Irish section.
Pelezico wrote: » Of course property will fall. We have massive unemployment and an equally massive e deficit. 10% fall in say fifteen months is the equivalent of 35k for my son. Himself and the girlfriend can save another 35k so that's a nice start in life.
Cyrus wrote: » I like rathgar and i like this style of house but its small and overpriced imo, needs another 300k spent minimumhttps://www.myhome.ie/residential/brochure/5-rostrevor-road-rathgar-dublin-6-d06-f3c2/4446351 Its warm apparently D2 BER
