Pelezico wrote: » The dream home is a modern co structure born of envy, aspiration and snobbery. Itbwentboutbof fashion for a while but came back with a vengence. It usually means you overpaid and over aspired.
awec wrote: » I think everyone, including you, knows that "dream home" just means as good a property as you are ever likely to be able to buy with as few compromises as possible for what you want. There's no point pretending like you don't know this, or being deliberately obtuse, so you can throw out a few vacuous soundbites.
awec wrote: » This doesn't even begin to make sense on any level. To clarify, you think people are sad for having "dream homes" of modest council houses in Dublin. But then apparently, dream homes are a signal of "over aspiration" and "snobbery". Which is it? A "modern co structure", I think you're going to have to translate that for those of us who don't speak this strange language.
Smouse156 wrote: » There’s no sound bites! I personally will never afford my “dream home”. The reason I’m against it is I just hate seeing people use EA words like “dream home” and “leafy” rather than what they mean such as “home for life” and “not in a ghetto”. It makes you feel people are just being conned by EAs into overpaying. That’s my only point!
Pelezico wrote: » The dream home is a modern co structure born of envy, aspiration and snobbery.
Markitron wrote: » You are stating an opinion as a fact
dor843088 wrote: » Do you want every post on boards.ie to be preceded by "my opinion is as follows " ?
Markitron wrote: » When the subsequent opinion is as dismissive and ignorant as that one, it probably couldn't hurt.
Pelezico wrote: » I guess you disagree with me which is fine. Personally, I dont come here for an echo chamber. If posters here are dismissive of my opinions that is ok by me.
PropQueries wrote: » FYI if interested. Article in today's Irish Times that the "number of homes available to buy in August falls to lowest level in 14 years". What I found interesting was the line "This was the lowest August total recorded since 2006.". Make what you will of that statement. Link to Irish Times article here: https://www.irishtimes.com/business/economy/number-of-homes-available-to-buy-in-august-falls-to-lowest-level-in-14-years-1.4335625
Pelezico wrote: Everybody on this board including the two active mods has a vested interest in the market. Let's not be under any illusion about that.
PropQueries wrote: » Just a follow up to this article. The article states that: "However, arguably the greater puzzle is the resilience of Dublin rents. Rents in the capital fell by 2.5 per cent in April, from their March level, but instead of falling further in the months since have actually come back slightly and are now just 2.1 per cent below their March level." But it may also have something to do with the rent pressure zones as the article states “If you lower your rent now, the rent you set in one, three and 10 years will reflect the cut you make today” and this may be acting as a disincentive for landlords to reduce rents. However, there may be a few other reasons I can think of: 1. The state may be actively soaking up many of the rental units to meet their social housing numbers. But given that there are only about 400 homeless families in Dublin (much more than anyone would like but not so much that it couldn’t be easily resolved), so I’m not sure that could have much of an impact. 2. Given the amount of AirBnB and ex-student rentals that should be re-entering the market, maybe these will enter the market in significant numbers in the next 6 weeks or so to drive down rents. I can’t imagine landlords leaving houses and apartments empty for the next 12 months, at a minimum, in the hope of a rebound that may not happen. 3. Another is that I would assume that the majority of 12 month leases are signed in September/ October. As these leases expire and are not renewed (WFH cohort), there may be an influx of rentals re-entering the market in the next two months from this source. These may be currently empty, but not available as the existing tenants may still be paying for their remaining months. 4. Maybe the thousands of units the investment funds soaked up in the last 8 years are being held back as they decide what their game plan is going forward. Given that they probably purchased them for a fraction of today’s asking prices, I’d assume they may decide to offload them in bulk at significant discounts to current asking prices and still walk away with a hefty capital gain? Maybe it is a genuine supply issue, but I'm suspect of that reason as apartment rents appear to be definitely on a downward trend from what I can glean from looking through daft recently. Anyone got other ideas? Full disclosure. I do have an agenda (of sorts). If too many younger workers buy or rent at the wrong time, it's my pension and house that is going to bear the burden of higher taxes to pay for the fallout as the younger generation have very few assets to tax. I'm primarily interested in figuring out if this supply/demand mismatch issue is real or not. I'm currently on the not side, but open to being persuaded otherwise.
Thierry12 wrote: » That site is an eye opener Already at 485k My garage is bigger and that only cost me 20k :pac:
walterral2017 wrote: » That property 47 Gulistan Cottages in Rathmines has hit its guide of €525 - reports of the death of the property market are greatly exaggerated it would seem?
mcsean2163 wrote: » Great points. The rent pressure zones are here:https://sebastianrushworth.com/2020/08/04/how-bad-is-covid-really-a-swedish-doctors-perspective/ We got badly stung as were renting to neighbors in a special deal for €1,300 when the zones were laid out. Our house before covid19 would rent for €2,500. I expect a lot of landlords would be very reluctant to drop rent but in fairness a 97% increase in available rentals in Dublin might change their mind! Anecdotally, I've noticed a lot of completed but empty apartment blocks. They may be holding out too?
Sarn wrote: » If the sale goes ahead it will be for more than they paid back in 2017 (€520k).
Cyrus wrote: » really?id say they are doing pretty well.
JamesMason wrote: » Yeah...right. Air BnB are screwed
Cyrus wrote: » Try get yourself a summer house for 2021 see what people are charging
Pelezico wrote: » Why would anyone holiday in Ireland? No sun, overpriced food, accommodation and eating out is extortionate. Give me Spain ...even with covid.
JamesMason wrote: » What about the gang of youths looking for cheap kicks in Dublin city centre spring/summer 2021? All booked up already? Not a chance
