schmittel wrote: » I will doff my hat to you if you can find any post I have thanked on the strength of advising someone to put in low ball offers. I don't want a price drop. I have been consistent on this. Prices dropping are personally bad for my circumstances on this. I am not dancing up and down at all. It just irks me when posters pontificate that property supply and demand is a zero sum game. It's misguided at best.
Pelezico wrote: » Indulge me. Explain the circumstances that may result in a rise. I cannot see any.
fliball123 wrote: » You have been putting thanks to people saying dont be bidding against anyone put in a low ball offer and leave it there. If you think my point about supply is nonsense then why the phuck have prices not dropped ?? riddle me that you dopey phuck ? you can take your hat and stick it your making no sense and its pointless arguing with someone who wants a price drop and wants a price drop now, I can imagine you over there dancing up and down while I have been proven RIGHT with the latest sales figures but dont let facts or stats get in the way of you wanting a price drop
bubblypop wrote: » ? You can only have aip until you identify & go sale agreed on an actual property.
Thierry12 wrote: » Not saying you are Just highlighting the stupidity of AIP and people bidding on houses with it, shouldn't be allowed in a proper market
fliball123 wrote: » Any proof that I am lieing???? AND LETS BE CLEAR IF I HAVE NOT ADVISED ANYONE TO BUY OR SELL
Bass Reeves wrote: » Again there are no bulls on this thread only bears. Most here accept that there could be a fall in house prices. However what some posters think is that fall will be sub 10% or less The question for any buyers is it worth putting a house purchase off for a 5-10% drop in the next 6-18 months. The answer to this is in a lot of cases where there is rental costs or maybe risk to the ability to draw down a mortgage or the amount required it is better to buy now rather than later. However if mammy and daddy are providing you free bed and board you are probably right to not buy and see if there is a price decrease. The risk of prices increasing is minimal but it could happen
schmittel wrote: » Again I will reiterate that my post was simply pointing that I think your argument that prices wont fall if supply drops to meet demand because strong sellers are withholding stock is nonsense. My point stands irrespective of what has happened thus far and irrespective of what happens in the future. If prices skyrocket 30% from here in the next 6 months your argument on this particular point remains nonsense, and I won't be doffing my hat to you. And I am not sure if I have "put out a statement"?
Thierry12 wrote: » Isn't that the important one? AIP can be done online in 2 mins
fliball123 wrote: » The other issue with supply is that there are very few decent properties up there at the moment. So currently up till now I am right in what I have been saying now will that be the case going forward? Who knows, the next 6 months will bare out what we are arguing about. If prices do drop i will doff my hat to you and admit I was wrong but if it doesn't then you will have to entertain the fact that you were wrong. But the main difference between me and you is I have not put out a statement saying buy now prices are only going up, as firstly I dont know other peoples personal or financial details and I wouldn't pretend to be an expert in property either and people need all of the facts when making a decision that will probably be one of the biggest in their life and possible the most expensive. During this discussion I have been putting up what I have been seeing as I have been keeping a close eye on supply. People were going on and on about demand and forgetting all about it
Iceman29 wrote: » I want to buy a helicopter but unfortunately I can't afford it
Iceman29 wrote: » Fully agree but being able to make an offer on a house with no backing isn't helping anyone except the seller.
Iceman29 wrote: » Well it is in the long run if its the difference between a house going under or over the asking price in a market such as this.
fliball123 wrote: » All I am saying is striving to buy your own property in ireland should not be just a dream for people in this country .
SteelyDanJalapeno wrote: » I wish I was bidding against you
Cyrus wrote: » Really neither here nor there for them an extra 20k on a sale is worth f all to them but no sale isn’t good
Iceman29 wrote: » So you need all this to make an offer on a house (and in turn driving up the price) do you?
schmittel wrote: » I'm not trying to spin anything. I was simply replying to your point that supply will drop because would be sellers in a strong position will not sell. Leaving only the weak sellers in the market. The price takers as it were. It might take more than 6 months but if the scenario you are predicting pans out - strong sellers reducing supply - alongside weak buyers reducing demand, prices will fall as sure as night follows day. It's Economics 101. I agree if everything gets back to normal that changes things but that's not the point we were discussing. In that scenario the strong sellers will remain in the market as will the weak buyers and presumably prices will remain relatively stable.
Iceman29 wrote: » Yes but I'm sure EAs are more than happy to keep them in bumping up the price with monopoly money
JJJackal wrote: » The Bar owner may die. This is a risk that everyone faces daily. Potentially profitable businesses typically reopen in this type of scenario though eg rented out or sold Interestingly and far more probable in the short term the bar may reopen selling food and beer (there are lots of bars that didnt really do food that are packed with people having food now). Government support maintains the link between the employee and the employer facilitating quick return to work should the opportunity present
Cyrus wrote: » True but as a seller you would want to make sure your ea is filtering these people out as it’s a pain having a sale fall through .
fliball123 wrote: » So does it take a few minutes for someone to from seeing a property they like to getting turned down on drawdown?? I take it that all the form filling and phone calls to estate agents were a figment of my imagination, or trying to sort out life and home insurance.. yeah but its all just a dream.
fliball123 wrote: » Lets just be clear at the demand has to continue to drop to meet supply, the figures where put up for you and prices have not dropped yet. Do you not agree on what is widely regardless as rule one or Ecconomics 101 supply vs demand = price ? if supply falls it has an effect on price if demand falls it has an effect on price if they both fall which is what has happened over the last few months and falling pretty much at the same rate, then price does not change. But like I said if you dont believe me look at the stat that was put up about the price of property and even with less transactions going through there has been no price drop in property. We are 6 months in to the pandemic and there is phuck all proof of what your trying to spin. The stats are there to back up what I have been saying and what has actually happened. The other points are what if everything gets back on track , what if the Ruskies have a cure then people looking for a drop will be left waiting as once lads who are back off their corona payments they will be in the queue to get a property and driving demand again.
MacronvFrugals wrote: » I wouldn't put too much hope into the Russian vaccine considering one their head doctors resigned over reckless practices pushing the vaccine through testing too quickly.https://www.dailymail.co.uk/news/article-8622761/Russias-doctor-quits-gross-violations-ethics-rushed-Covid-19-vaccine.html
Thierry12 wrote: » AIP can be done online in a few mins You can lie through your teeth to get it No one should be bidding with it
fliball123 wrote: » But no one knows what might happen between point A and Point B say the Bar owner dies and the kids dont want to open and just want to sell, then you have no job. The only measure for success should be when your business is back open and the state is no longer helping with paying your employees. The employee should be back off Covid payments for at least 3 months before they can draw down a mortgage
Iceman29 wrote: » 100%
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