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Irish Property Market 2020 Part 2

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    #4202
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    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.

    I'd be interested in seeing the source confirming the removal of the bank guarantee scheme.


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    #4203
    neutral guy
    Closed Accounts Posts: 402 ✭✭neutral guy


    The Belly wrote: »
    your looking to narrow
    To be honest I dont know what I doing in Ireland at the moment.
    Just each time when I coming back home recession happens.


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    #4204
    The Belly
    Registered Users Posts: 572 ✭✭✭The Belly


    Graham wrote: »
    I'd be interested in seeing the source for the removal of the bank guarantee scheme.

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


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    #4205
    The Belly
    Registered Users Posts: 572 ✭✭✭The Belly


    The Belly wrote: »
    If you go back it late i cant provide you with a link but its in already.

    Came in after the Cyprus bail in


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    #4206
    Hubertj
    Registered Users Posts: 2,000 ✭✭✭Hubertj


    The Belly wrote: »
    If you go back it late i cant provide you with a link but its in already.

    So the govt will have to remove the scheme in return for liquidity for banks?


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    #4207
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭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.


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    #4208
    The Belly
    Registered Users Posts: 572 ✭✭✭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.


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    #4209
    The Belly
    Registered Users Posts: 572 ✭✭✭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.


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    #4210
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭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.


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    #4211
    The Belly
    Registered Users Posts: 572 ✭✭✭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


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    #4212
    inthenip
    Closed Accounts Posts: 130 ✭✭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.


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    #4213
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    The Belly wrote: »
    read what i just posted ffs

    Nothing at all about the bank guarantee scheme.


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    #4214
    Hubertj
    Registered Users Posts: 2,000 ✭✭✭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?


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    #4215
    The Belly
    Registered Users Posts: 572 ✭✭✭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.


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    #4216
    mcsean2163
    Registered Users Posts: 1,839 ✭✭✭mcsean2163


    Appears to have expired in 2013.

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

    <SNIP>


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    #4217
    The Belly
    Registered Users Posts: 572 ✭✭✭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


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    #4218
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭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.


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    #4219
    Hubertj
    Registered Users Posts: 2,000 ✭✭✭Hubertj


    Graham wrote: »
    I genuinely think you're misinterpreting the BRRD.

    Intentionally so


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    #4220
    The Belly
    Registered Users Posts: 572 ✭✭✭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.


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    #4221
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭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.


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    #4222
    hometruths
    Registered Users, Subscribers Posts: 5,803 ✭✭✭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!)


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    #4223
    The Belly
    Registered Users Posts: 572 ✭✭✭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.


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    #4224
    mcsean2163
    Registered Users Posts: 1,839 ✭✭✭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!


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    #4225
    The Belly
    Registered Users Posts: 572 ✭✭✭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


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    #4226
    Bass Reeves
    Registered Users Posts: 18,233 ✭✭✭✭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.

    Slava Ukrainii



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    #4227
    The Belly
    Registered Users Posts: 572 ✭✭✭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.


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    #4228
    brisan
    Registered Users Posts: 2,242 ✭✭✭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.


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    #4229
    brisan
    Registered Users Posts: 2,242 ✭✭✭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


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    #4230
    thefridge2006
    Registered Users Posts: 220 ✭✭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??????


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    #4231
    Ursabear
    Registered Users Posts: 84 ✭✭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


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