Billythekid19 wrote: » Fairly grim area all the same. It would certainly be mentally draining over time waking up early to go to work when lots of your neighbours are fast asleep subsidized by your taxes.
brisan wrote: » EA just says the fake bidder failed to provide proof of funds and the property goes to the highest real bidder Not saying it happened in this instance but it’s one scenario. Moral is Have a max price you are willing to pay for the property and walk away once that is reached
beauf wrote: » You don't know what you are looking at. It a central location, you can walk to anywhere in the city from there. I've noticed over the past 5 years or so lot of older property in this area, being refurbished to a very high standard. These are period properties with very large amounts of money being spent on them. There a lot of very high paid people on its doorstep and many want to walk to work. Some might even have another property outside of the city. I also know people who live in this are, who aren't from the area, but think its great. Which was mental adjustment for me, because my head still see's it as it was in the 80's and 90s.The interior on this place has been done to a very high standard by someone very knowledgeable about design and period properties. Its not been lashed together by a student with cheap paint and home made lava lamp to add atmosphere. Its someone with money, and they didn't come to have money by being stupid. I have no interest in this area, would never buy there. But I shouldn't look at it from that viewpoint.
schmittel wrote: » All valid points in reference to the seller. But in fairness I don't think anybody is suggesting the seller is stupid. Far from it in fact, given that they purchased the property 5 years ago for €285k and have just gone sale agreed for €565k It remains to be seen whether the purchaser will look so smart in 5 years time.
shatners bassoon wrote: » https://www.auctioneera.ie/property/192-philipsburgh-avenue-marino-fairview-dublin-d03-c5f3#gallery-62 I posted a thread last weekend about a property on a main road next to traffic lights in Marino. It went sale agreed yesterday evening at 95k over asking.
handlemaster wrote: » Whats the market like now, haven't been following this thread for a while ? There seems to have been alot of property going on Daft over the last few weeks in Dublin. Prices don't seem to have come down. I guess there should be a drop coming alot of people have been affected with job loses and cut backs in hours since the start of the year.
awec wrote: » It remains to be seen whether the purchaser even tries to sell in 5 years time. You'd need to see what the state of the house was in 2015, but that'll probably be impossible as I bet the listing no longer exists.
schmittel wrote: » Doesn't look too bad. Streetview July 2014.
woodchuck wrote: » I think your original concerns were justified. I rent nearby and the house is opposite our local shops. It's a pretty busy spot! The pedestrian lights would drive you nuts and people are always parking along those side roads to run in and out of the shops. 20% over asking sounds mad, but that's the area for you. A house that close to griffith avenue was always going to attract multiple bidders and push up the price.
awec wrote: » Looks decent externally alright, but I think the extension is missing and there appears to be a conservatory there too. Owners have done well for themselves.
schmittel wrote: » Obviously the extension was part of the post 2015 work. Internally pre 2015 it looked fine also. Needed bringing up to date but seems solid.http://ir.speakingsame.com/house_img.php?t=0&id=171697&seq=3&addr=192+Philipsburgh+Avenue&suburb=Marino&city=Dublin+3
Cyrus wrote: » Seems solid ? I’m not sure how looking at that would give you any idea of any structural or electrical work that needed to be done , and I’m sure the extension wasn’t cheap. They have done ok but my guess is they may clear 100k give or take after everything is taken into account
schmittel wrote: » Following your logic, I'm equally unsure how you manage to guess 100k. Whatever the figures are I think we can agree they've done a good job adding value, and then realising it - assuming the sale goes through. Fair play to them.
fret_wimp2 wrote: » Fierce small minded view and will eliminate most areas from any property search. Anyway, the taxes are not allocated based on who lives in the location, they dont say "well, jimmy here lives in Stonybatter, so lets put his taxes toward social housing within 200m of him so he sees his money in action". The same percentage of your taxes pays for that housing as the guy living beside it who is heading to work. It feels silly to have to clarify that, but here we are.
Billythekid19 wrote: » Im speaking about the area from experience having lived down the road in summerhill a few years back. The main issue was the lowlifes that came into the area to socialize/ mooch and push their produce. I also found the police sirens going off every night in the area rather unnerving too. I've lived in a dozen odd different places in my life and that was hands down the worst place to have lived.
beauf wrote: » You're looking at the property only as an asset to make money on. People often spend money on property that they'll never get a return on. Because it suits them and how they want to live.
beauf wrote: » That's actually not bad compared to some countries, and tbh is not that different to most of Ireland even small towns around the country have the same issues. A lot of people just take this for granted for cities. I went to school with many from these areas half the dad's were prison officers the other half prisoners. But that was then this is now. All over Dublin there are people gentrifying areas that locals wouldn't rate at all.
PropQueries wrote: » This is a breakdown of the €21 billion "Social Welfare" expenditure for 2019. As you can see, very little is actually "social welfare". Pensions = €8.21 Billion Administration = €0.8 Billion Illness, Disability and Carers = €4.51 Billion Children = €2.65 Billion Working Age - Income Supports = €3.26 Billion Working Age - Employment Supports = €0.7 Billion Supplementary Benefits = €0.8 Billion P.S. The vast majority of unemployed people don't claim "social welfare", they claim their insurance, which is what PRSI is and what they pay it for. If someone crashes their car, the insurance company doesn't call your replacement car a "welfare car". The link to the information is here: https://whereyourmoneygoes.gov.ie/en/socialprotection/2019/
fret_wimp2 wrote: » Agree with this, 15-20 years ago the train wouldn't stop in broombridge. little trouble there at all anymore that im aware of.
beauf wrote: » Well thats the Govt who decided to bankroll the gamblers. But thats an entirely different issue.
Retired solicitor Andrew Dillon said it was time ordinary people who had been lent extraordinary amounts came together and forced action... ...The Government has made no provision whatsoever to assist people who purchased all these houses at hugely inflated prices... ...NAMA Beag will then encourage its members to simultaneously cease payment of mortgages to all financial institutions until such time as negotiations begin.
MacronvFrugals wrote: » A lot of the locals are moving to Finglas after being priced out.
fret_wimp2 wrote: » How are they priced out if they are in social housing as is the suggestion in the thread so far?
MacronvFrugals wrote: » I live here now and many couples on <50k between them go for the RI scheme and buy in an area they can afford close to family, its Finglas. The Luas extension pumped prices big time and i know they've being dropping somewhat since late 2018 but are still out of the reach of a lot of people going for mortgages whether that be RI or a bank loan. Its tough to compete with people who traditionally bought in Castleknock, bidding quickly becomes crazy for ex council houses with a small extension. Most of Cabra is now private houses and many kids of parents who grew up there are priced out unfortunately, thats the market though.
