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Irish Property Market 2020 Part 2

Graham

Continued from here:

https://www.boards.ie/vbulletin/showthread.php?t=2058041687

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Graham

The Belly wrote: »

If you go back it late i cant provide you with a link but its in already.

I find no reference to it anywhere.

Mod Note

Please don't post that claim as fact again unless you can back it up.

The Belly

Graham wrote: »

I find no reference to it anywhere.

Mod Note

Please don't post that claim as fact again unless you can back it up.

You asked it and its 12 pm have a look yourself after the cyprus bail in the eu passed leg that the next time it wont be the same.

The Belly

From January 1, 2015, all EU Member States were required to transpose the Bank Recovery and Resolution Directive (BRRD) into their national law. A key element of the new powers is the bail-in tool, requiring banks to recapitalize and absorb losses from within, which was made mandatory as of January 1, 2016.

Graham

Mod Note

You made the claim. If you can't back it up do not post it again.

Do not reply to this post.

The Belly

Graham wrote: »

Mod Note

You made the claim. If you can't back it up do not make post it again.

Do not reply to this post.

read what i just posted ffs

inthenip

I don't think there will be a huge downswing in house prices.

Most of the jobs that are gone are low paying jobs.

If people continue to work from home permanently I can see Dublin taking a severe hit and the rest of the country won't be affected.

Graham

The Belly wrote: »

read what i just posted ffs

Nothing at all about the bank guarantee scheme.

Hubertj

The Belly wrote: »

From January 1, 2015, all EU Member States were required to transpose the Bank Recovery and Resolution Directive (BRRD) into their national law. A key element of the new powers is the bail-in tool, requiring banks to recapitalize and absorb losses from within, which was made mandatory as of January 1, 2016.

That’s not removing the bgs. You a tin foil hatter?

The Belly

Graham wrote: »

Mod Note

You made the claim. If you can't back it up do not post it again.

Do not reply to this post.

Sorry Graham im not trying to be a pr..k but after the last time it means 100k can be lifted and you or on the hook if your a depositor.

mcsean2163

Appears to have expired in 2013.

https://www.thejournal.ie/bank-guarantee-explainer-1103307-Sep2013/

<SNIP>

The Belly

Hubertj wrote: »

That’s not removing the bgs. You a tin foil hatter?

Well i must be. It states next time there will be no bail outs but bail ins

Graham

The Belly wrote: »

Sorry Graham im not trying to be a pr..k but after the last time it means 100k can be lifted and you or on the hook if your a depositor.

I genuinely think you're misinterpreting the BRRD.

Nothing in the part you posted suggested the removal of the guarantee scheme.

Hubertj

Graham wrote: »

I genuinely think you're misinterpreting the BRRD.

Intentionally so

The Belly

Graham wrote: »

I genuinely think you're misinterpreting the BRRD.

Nothing in the part you posted suggested the removal of the guarantee scheme.

Ok but the point your missing is it can be removed. We were not supposed to have the national debt we do now when 2010 happened. But we did. It has removed the state or Eu from having to prop up the banks which means they can look at deposits as part of a bail out. Now you can believe what you like but it was brought in for a reason. If you think i have a tinfoil hat on then fair enough delete the post.

Graham

The Belly wrote: »

Ok but the point your missing is it can be removed.

The point you're missing is it hasn't been removed and there is no suggestion it is going to be removed.

That sort of unnecessary scaremongering is not welcome in A & P unless you want to start a thread discussing the hypothetical implications on the property market on the removal of the guarantee scheme.

hometruths

The Deposit guarantee scheme is alive and well, but If it was suddenly overturned property prices would rocket.

I cannot imagine anything more bullish for property than the removal of that guarantee!

(Assuming people could get their money out in time!)

The Belly

Graham wrote: »

The point you're missing is it hasn't been removed and there is no suggestion it is going to be removed.

That sort of unnecessary scaremongering is not welcome in A & P unless you want to start a thread discussing the hypothetical implications on the property market on the removal of the guarantee scheme.

Your right its not the thread for it.

mcsean2163

Apologies, I thought when you referred to Ireland as home, you meant you were originally from Ireland, as in English is your first language. Your English is certainly better than my German!

The Belly

schmittel wrote: »

The Deposit guarantee scheme is alive and well, but If it was suddenly overturned property prices would rocket.

I cannot imagine anything more bullish for property than the removal of that guarantee!

(Assuming people could get their money out in time!)

your bang on the money there

Bass Reeves

I think The Belly and Neutral Guy are having wet dreams at the moment from similar magazines, Playboy's are sold out local shops.

The Belly

Bass Reeves wrote: »

I think The Belly and Neutral Guy are having wet dreams at the moment

More realistic i think but we will see.

brisan

javaboy wrote: »

It’s a listed building too which I believe makes it BER exempt.

Why would it be listed
Pre 1963 buildings are not BER exempt as a group.

brisan

Foggy Jew wrote: »

Just curious.... where would a person move to after selling a pad like this?

Probably in with her new man
I would say the kids will not be impressed if she and her new man piss a lot of the 2m up against the wall leaving them a 250k apartment to sell when she dies
Rumors abounded about Gerry Ryans financial circumstances at the time so maybe the banks are forcing the sale

thefridge2006

Cost of building homes ‘much cheaper’ than industry claims....... (in the irish times this morning)

They wouldn't have lied to us would they??????

Ursabear

IT article
"Cost of building homes ‘much cheaper’ than industry claims"

https://www.irishtimes.com/business/construction/cost-of-building-homes-much-cheaper-than-industry-claims-1.4351897?mode=amp

Hubertj

brisan wrote: »

Why would it be listed
Pre 1963 buildings are not BER exempt as a group.

Sorry it’s protected buildings are exempt. If it is a Georgian house it is likely listed?

PropQueries

Article in today's Irish Times titled: "Cost of building homes ‘much cheaper’ than industry claims"

"The cost of building homes in Ireland is considerably cheaper than the construction industry claims and well below what local authorities are paying private developers for social housing, figures from the Department of Housing show."

Link to Irish Times article here: https://www.irishtimes.com/business/construction/cost-of-building-homes-much-cheaper-than-industry-claims-1.4351897

awec

I'm a bit confused by that article. It says:

Where land is available, actual construction, de-risked from speculative markets and high-cost finance, is affordable, ” University College Dublin academic and housing expert Orla Hegarty, who obtained the figures, said. This is confirmed by the department’s own figures, Ms Hegarty said

Is it saying that if you don't have to pay for land it's cheaper to build? In which case.... uh obviously?

Pelezico

awec wrote: »

I'm a bit confused by that article. It says:

Is it saying that if you don't have to pay for land it's cheaper to build? In which case.... uh obviously?

Does not seem obvious to me. Not sure why land should impact building cost.

awec

Pelezico wrote: »

Does not seem obvious to me. Not sure why land should impact building cost.

Land is part of the building cost, why do you think it wouldn't impact it?

Of course it's cheaper to build a house when you don't have to pay for land, why do you think people in rural Ireland build on their families land?