Deub wrote: » Are doing ok or extremely well? For an employer to get EWSS, they need to forecast a loss of 30% of their business. So they may be profitable but it would be surprising they are doing better than before.
CertifiedSimp wrote: » 5 Kingsbry Maynooth. Advertised 245k. Sold for 242k. Not massive but properties beginning to be sold for under asking.
Bass Reeves wrote: » That is still below the average
beauf wrote: » There banks are backlogged with applications. No one can get anything done.
edjkdkjdhjkd wrote: » Supply isn't dropping in all areas, people will still need to sell regardless of covid, due to deaths, the incoming mass redundancies/job losses, relocating (will be a big one), divorce/separation (which will also be a large % of sales, due to lockdown). Not everyone selling their house will take it off the market due to market conditions, people still need to sell regardless. If you think people will take a property off the market after suffering a death of a loved one, divorce or job loss and plan to wait for market recovery just because the market isn't ideal and they could've got more in 2018 (at the height of a bubble), you are kidding yourself.
Leozord wrote: » same happened to me like last year managers from boi were calling me "hey would you like a mortgage? I see you have some savings, it would take a week yadayada" then I decided to apply for a pre-approval, in the end of June. It took almost a month to have it approved. They mentioned they had a massive increase of applications by July/August, that's why it's taking longer than usual.
awec wrote: » The 30% thing is just the balance between only giving it to those that need it, and not having to individually audit every business to determine how viable they would be without government help. Of course some businesses will profit from it, but most will just survive. The alternative is infinitely worse. And it was never going to be just for when the business was closed. They continue to pay the subsidy afterwards because without subsidised wages many businesses would not be trading, and it will remain the case until the restrictions that limit the amount of business that they are allowed to do are eased. This is particularly true in sectors that rely on high volume to make their money.
Bass Reeves wrote: » I have heard the opposite most Resturants and pubs that specialize in food are doing ok and the state is picking up 70% of wages
Marius34 wrote: » Something got mixed up in comments. For EWSS, company can max of €203 per week of subsidy, far from 70% of salary.
brisan wrote: » EWSS only kicks in tomorrow so it has had no effect on businesses to date
Islander13 wrote: » Irish Household deposits per figures out today now up to 120 billion. 24k in the bank for every man woman and child in the state... Lot of cash there waiting to be spent on property..
edjkdkjdhjkd wrote: » I don't believe that for a second. Covid has only been around for roughly 6 months and the average couple still has had to pay their bills, after cutting back on eating out, some hobbies impacted by lockdown, alcohol, etc the average couple will probably only have saved an extra 5-10k at most, hardly a powerful hand when it comes to the property game, individuals talking up the general public hoarding cash during lockdown and planning to unleash on the property market are deluded.
TheSheriff wrote: » Literally I was on here in Feb, and people were saying by July I'd grab a 2 bed in Drogheda for 20k and a second beach front property in Wexford.
BEdS_83 wrote: » yeah, was talking to my wife about this a few days ago, keep reading that people saved a lot during the lockdown =/ but I didn't, 100% it's my fault of course, but I couldn't even see from where I would save, bill kept coming, rent had gone up 2 weeks before they lock that out. spending more on heater and electricity, supermarket bill went trough the roof.
PropQueries wrote: » There were 148,592 people over the age of 80 in Ireland in 2016. Life expectancy in 2019 was 82 years. Does anyone have any idea how many of the properties these people lived in would have become available for either rent or sale over the last 4 years?
CertifiedSimp wrote: » If a pub needs 4 workers, then the pub is makign enough to cover the wages of the workers. With rates frozen and all sorts of grants the businesses have well enough. At this stage, if that same pub didn't need 10 workers, then the pub is going to sack the workers. Look at the "staycation" push in Ireland? All these hotels getting free labour yet they're shafting people on prices and pocketing it. It ain't the min wage worker that's getting the money!! It's a massive cod. I went through my local town a few weeks back and I've never seen it so busy. Locals on the fb page urging everyone to go down. Business is booming.This isn't a normal recession where businesses are struggling and need punters to survive. They're getting massive grants and rates freezes and free labour. Majority of them must be laughing all the way to the bank. Just put on a sad face for the camera and tell everyone how terrible it is while having to pay penneys on wages, free cash and rates frozen.
fliball123 wrote: » This argument is null and void we have had more births than death for at least the last 30 years and apparently we are going to have another baby boom next year due to covid.
landofthetree wrote: » Many are living abroad now.
fliball123 wrote: » There was savings to be made on Transport/petrol Eating out work Lunches Nights out on the beer Holidays away in different countries. You couldn't spend the money
