cubatahavana wrote: » putting HIS life on hold.
Assetbacked wrote: » Don't be surprised if we see government guidelines published next week which involve measures to get workers back into offices as part of the overall covid road map. The institutional investor lobby is quite powerful and will not want to see this Google move becoming a trend. Losing a big chip company like Google can start a chain reaction.
Pelezico wrote: » Yes and your only social outlet...because you cant afford to go out..is to post on boards about the joys of home ownership. Oh and you must remind everyone just how much your house has increased in value. But you are absolutely broke and will continue to be broke for the next decade.
schmittel wrote: » Handy for social distancing!
smurgen wrote: » When they're all working elsewhere? Probably moving to work from anywhere.
landofthetree wrote: » Will the developer go ahead with finishing it? Who the hell would need 202,000 sq ft in Dublin?
Hubertj wrote: » And why would they pay top dollar for it now when they could come back in 12-24 month and get it for a lot cheaper (if they need it). I presume projections they had for increased headcount are out the window for the short term.
TheSheriff wrote: » You certainly haven't lived unless you've spent over 100K on rent over the past 10 years ..... I'd take a mortgage which would be cheaper than my rent everyday of the week. The two extra bedrooms I'd have would be a nice bonus.
landofthetree wrote: » https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-09-07/google-abandons-plan-to-rent-dublin-office-for-2-000-workers Google have pulled out of a deal to rent 202,000 sq ft of office space. Oh boy.
smurgen wrote: » Big news. But sure wfh not going to have an impact lol.https://twitter.com/business/status/1303061998662561794?s=19
neutral guy wrote: » We are in recessionhttps://www.rte.ie/news/business/2020/0907/1163668-cso-second-quarter-gdp-figures/ Now is only matter of time when prices will falling.Talking about supply do not forget second hand market there will be plenty supply out there
smurgen wrote: » You just haven’t lived until you’ve woken up in a three bedroom semi detached gaff with a big mortgage.
beauf wrote: » The reality lots of people, around the world never own property and some have no interest in owning any.https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate
TheSheriff wrote: » But perhaps you don't accept it as your haven't experienced it? (unaware of your circumstances obviously, so open to correction on that). But for example (us), a couple in their 30's, want to start a family, want to have a wedding want a home where I can paint the walls without having to ask permission from a landlord I see once a year etc. . Versus reality- stuck in a 1-bed apartment paying rent, to move to a bigger place to start a family means paying more rent, therefore the house moves further away and possibly mortgage terms becomes shorter etc. Many, many more like us. For you to say these factors shouldn't have an impact, this argument is not valid etc. is likely coming from a position of not having experienced our modern housing crisis.
Pelezico wrote: » Life is on hold? I dont accept that. Remember you own the house. The house does not own you.
beauf wrote: » I would say the price does matter for most. For a small minority it won't. You've lost me with the other bit. You can't put life on hold.
Pelezico wrote: » The buy and dont worry about the price brigade. They also say...life is on hold unless you own a house. You must buy or life is empty and meaningless.
TheSheriff wrote: » I agree with you with your comments re; the above family. A 200k deposit is (I would imagine) unusual for a FTB. If I was in their position I would likely be approaching the market differently. But for the vast vast majority of FTB's attaining a property in our current property market requires a huge amount of sacrifice. So again, to dismiss the argument that life is on hold for many people to obtain a property ladder is just being facetious.
Pelezico wrote: » These guys have their deposit in abundance. No scrimping needed. I bet their lives are a blur..busy jobs to earn such a deposit and young children. Nothing is on hold...everything is frenetic. Owning a house wont change much. Some posters immediately default to the life is on hold bit. Just think...you can buy a house and spend hours on the computer every night telling everyone you bought well and they are increasing in value all the time.
TheSheriff wrote: » You must be a property owner, or have you experienced renting a tiny one bed into your 30s, trying to save every month for a mortgage deposit and foregoing most social activities for years (weddings, large trips etc.) Life is most definitely on hold for a large cohort of people To suggest otherwise is simply not true.
