neutral guy wrote: » There is enough look at how Lidl and Aldi doing well to understand how many people stopped buy food from restaraunts and caffe and started make sandwiches at home.People consume food daily in same amounts and when you see were consuming wave moved you see who will lose jobs and who will stop pay rents and how much property for rent gonna cost.
The Belly wrote: » Don't need some person on tv to see what right in front of you. Problem is by the time they do its already here. Liquidity will dry up. House of cards and i dont say that lightly.
neutral guy wrote: » There will be bigger demand get cash for buying property than property supply on market. Other words there will be plenty property but nobody will have cash because banks will not give mortgages because people will not have jobs. Nobody will bring cash from Australia or USA as before There will be no problem with new built property on second hand market because enough was built already and sold for renting market Renting market which is dead already So there is no need to build good quality houses because they are on second hand market already Also unemployed builders will converse your old house to better BER for good money no problem So if builders will stop build "better quality" houses as they call there will be no problem with supply.
The Belly wrote: » It all so clear and watch the banks. Every one rushes for the door at the same time like a fire in a nightclub. Signs are there and forget the ECB
Hubertj wrote: » What do you mean? Are you suggesting the banks will be in trouble again? While they will have challenges around mortgage arrears I thought they weren’t as exposed to developers now compared to 2008?
The Belly wrote: » Them crowd that do the nonperforming loans cant remember the name have pulled out there is your canary in the coal mine
Hubertj wrote: » Pepper?
The Belly wrote: » Think thats them yes
Hubertj wrote: » That was commercial lending though which represented a small % of their business, they pulled out of residential in 2018.
Assetbacked wrote: » Pepper Money. As for banks, KBC as well as Ulster Bank today announced job losses. Banks have struggled to turn profits and have made large bad loan provisions as a result of covid so it is going to get worse for them.
The Belly wrote: » It will be one crisis after another and in the end the gov will build houses they will have no choice
The Belly wrote: » Im not having a pop at you but look at the bigger picture too.
neutral guy wrote: » No Immigrants will go home because no job and no money for rent Eastern Europe developers says sales are growing because immigrants coming back .Same songs but those countries statistics show increase in population. Again,population of labor from cheaper Eatern Europe countries ? All try sell them property anyway The more immigrants go home the smaller unemployment in Ireland the less government has spend for social welfare and rent alwance More houses for rent / smaller prices for rents Well,it will be good for the moment but after country will come back to cheap labor shortage also country need more labor to pay debs Many things to tell . This gonna be very interesting
Smouse156 wrote: » As much as I’d like to believe this doomsday talk as a FTB, I just don’t see it happening! Rents will definitely fall and vacancies rise & rise due to delusional landlords not accepting reality. However, on the home purchase front, there is still a severe shortage of decent quality stock. With the expansion of Help The Brickie from 20k to 30k and from 5% to 10% many people can get new homes with no down payment. There will always be demand for this and we do not have the oversupply like last times to seriously depress the second hand stock. In my Home Town, there’s a LIHAF scheme with 20k extra off 110 houses on top of help the Brickie. 88 are taken already. People buying 300k 3-beds are getting them for 50k off. These incentive schemes are why the market will keep going and possibly rise in the starter home category. The expensive category €500k+ will struggle as no Govt supports.
neutral guy wrote: » No The first we did not recover from 2008 crisis Immigrants will go home because no job and no money for rent Eastern Europe developers says sales are growing because immigrants coming back .Same songs but those countries statistics show increase in population. Again,population of labor from cheaper Eatern Europe countries ? All try sell them property anyway The more immigrants go home the smaller unemployment in Ireland the less government has spend for social welfare and rent alwance More houses for rent / smaller prices for rents Housing problem solved Well,it will be good for the moment but after country will come back to cheap labor shortage also country need more labor to pay debs Many things to tell . This gonna be very interesting
The Belly wrote: » ECB will provide the liquidity to banks we will have less banks but liquidity will not flow downwards. 100k guarantee will be gone.
Hubertj wrote: » So the BGS scheme will be gone in Ireland in return for ECB providing liquidity to Irish banks?
The Belly wrote: » your looking to narrow
Graham wrote: » I'd be interested in seeing the source for the removal of the bank guarantee scheme.
The Belly wrote: » If you go back it late i cant provide you with a link but its in already.
