Ozark707 wrote: » Thanks for this update. I was out in Belfield a few months back and was completely taken aback by what they are building there. If they don't get a huge increase in numbers you would worry about what will happen with all this supply. There is a price limit to what Irish students will pay (and it is not at the levels what the likes of the one at the Point were looking for) so unless non-EU students really come in greater numbers then it will be a real struggle. Maybe if a vaccine comes along sometime next year it will recover.
errlloyd wrote: » UCD will make a killing on them. Its almost guaranteed. Even if they only rent a double room for 500 a month, it's high density, Co living, on land they already owned. I went to UCD during the trough of the recession, and even then it was always fully subscribed
PropQueries wrote: » According to the Irish Times, UCD 'is currently constructing new residences and a student village. This development is costing in the region of €500m and is funded largely through bank loans". That's some serious debt to be paid back if the students don't return to the campus in serious numbers or eventually decide that online learning is just as good as on-campus learning. I suppose the questions for future students is the question: Why attend lectures at UCD (notwithstanding the 'benefits' of a campus 'experience'), if they can get thought by lecturers online from Harvard or Oxford for the same or even less money? The article about the UCD debt is here: https://www.irishtimes.com/news/education/ucd-to-increase-campus-rent-by-12-over-three-years-1.4163042
Hubertj wrote: » Yes that’s right. Harvard offers online undergraduate courses. Not sure if you’re misinformed or lying to try and make a point.
errlloyd wrote: » Capacity for 2,200 in UCD's development. At 10k annually plus a bit over the summer they could be making up to 25m per year at the high end. As well as probably driving revenue for other campus entities, restaurants, bars and shops. Still 500m seems high to build on greenfield land they already own.
Pelezico wrote: » Yeah..just what I like...a discussion about universities.....tangential to the main topic by quite a bit.
Cyrus wrote: » Well I’ve been around for over a decade so I won’t be going anywhere but if your prophecies come through there probably won’t be an internet . And if you aren’t getting your point across try articulate yourself a little better , maybe take honours English when you go on to the do the leaving cert.
Iceman29 wrote: » Over a decade of talking nonsense. Maybe go back to the Ann and Barry books, the Edith Blyton ones aren't working out for ya too well. Think you're taking the story of the famous five economic miricles a bit too literal
PropQueries wrote: » It was mostly about the supply and demand for student accommodation and if it was wise for UCD to borrow €500 million to fund their student accommodation building programme. However, point taken and it did veer off a bit. Apologies.
MattS1 wrote: » The main from thing from this thread is never buy anything. It will always be cheaper in a year until that year rolls around and then it's next year. Best off living homeless until you get a good deal on a house. Then don't buy it because it will fall further.
smurgen wrote: » The main thing i've taken from this thread is that you need to buy now. Beg borrow and steal to get a house because they'll always go up. If you're trying to buy make sure you go at least 50k over asking. It'll be cheaper that way because rent is definitely going to grow at a rate faster than wages. Oh and don't worry either,people will always be employed and your wages will always rise. Plus even if the economy collapses demand will stay the same because house prices in Ireland are only linked to housing supply.
Cyrus wrote: » Capitalism is what will get us out of this and it will be alive and well .
Hubertj wrote: » Main thing I’ve taken from this thread is that everyone is an expert and has the solution. I’ve also learned there are still people whining about the last recession, which is a sad sad way to live life and I’m glad I don’t know people with that outlook. Some people even think this can be solved by socialist bolloxology because that works so well everywhere else. Others think prices won’t be significantly impacted which is admirably optimistic in my opinion.
The Belly wrote: » Look at history stick to facts. If you do it tends to repeat it self.
Hubertj wrote: » Facts appear to be optional in many ‘discussions’
Villa05 wrote: » SF raise a valid point in that these developments will drive up land prices (more rent payers per sq metre than traditional builds)
TheSheriff wrote: » I think you've been reading a different thread to be honest....... Ridiculous post, nobody is promoting the above.
schmittel wrote: » In fairness, it's tongue in cheek and sarcastically exaggerated (as is the "Best off living homeless until you get a good deal on a house. Then don't buy it because it will fall further" post) but are the underlying points really that ridiculous?You need to buy now? Plenty of advice suggesting better to buy now and get on with your life than waiting for ever. Beg borrow and steal to get a house because they'll always go up. Plenty of advice saying forget the short term fluctuations, long term prices will always go up.It'll be cheaper that way because rent is definitely going to grow at a rate faster than wages. Plenty of advice saying you are better off owning than renting, and not just because of the price differential.Oh and don't worry either,people will always be employed and your wages will always rise. Granted, have not seen much of this comment.Plus even if the economy collapses demand will stay the same because house prices in Ireland are only linked to housing supply. This is trotted out repeatedly. As far as I can see there are plenty promoting all of the above bar wages will always rise.
