Bass Reeves wrote: » As Bertie would say ''your waffling'' All of these stories are immaterial. The reason being that not everyone has a farm, house or garden big enough for a log hut, or a house that can be extended to two dwellings. Your mate's log hut is grand, is he paying property tax on it, has he planning for it, is the septics tank planning compliant now. Extension's to houses are grand but these house are not attractive to sell down the line and maybe after spending 50-100k they will be no more valuable than the uuextended house next door. Finally what you are quoting as a example are jobs that sound like cash jobs no vat paid and cash paid for labour. With most of these jobs lads fail to keep complete costings and most cost 20-30% above what lads think. Finally on recessions lads should remember the books of rules and in the last rules in section 2 of that rule subsection 7 it clearly states All recessions are different, plans made to benefit from the rarely manage to be implemented. Even if implemented the outcome is rarely what is predicted. It funny we have lads here yelling how they were f@@ked over in the last recession, they failed to buy on the upturn and they expect to get the timeing right this time. You have to wonder at times
Bass Reeves wrote: » Biggest losers will be student accommodation but it may react and drop prices
neutral guy wrote: » https://www.independent.ie/business/irish/five-star-radisson-blu-in-dublin-offers-student-accommodation-from-500-39524047.html Five-star Radisson Blu in Dublin offers student accommodation from €500 It is only 500 per week at the moment but I am pretty sure soon enough other hottels will make it 1000 per month. Were will put them property leverage business people when mortgage holidays will be ended I do not know.
neutral guy wrote: » I keep eye on property in Louth last couple years.Many houses are overpriced not sold for years and not much new coming.I worked in building industry people build plenty new houses them self also huge number of extensenions and garage conversions to help children save money on rents.My couple mates bought log cabin types houses one 2 beds was built on his father farm land by company from Eastern Europe for only 26K and another guy got piece of land from his father were another company from Eastern Europe built 3 beds house which cost him 50 K for everything include curtains on windows.
bobbyy gee wrote: » I sold 10 properties in January just before pandemic I see 2 of them up for sale for less than they paid.
Yaretzi Swift Muzzle wrote: » Unbelievably low supply in East Meath / Louth. Very few new properties coming to the market, but all stock that is up is selling (supply / demand etc). Too early to check PPR really but no sign of slowing down here yet. Interesting times.
neutral guy wrote: » Hope for the best and prepare for the worst
neutral guy wrote: » From own experience and memory House price in 2004 190 K Breakfast roll in shop on corner 2.40 Today same house price 190 K The breakfast roll price on same corner 4.80 Minimum wage 2004 6 euros per hour Minimum wage today 10 euros per hour
Yaretzi Swift Muzzle wrote: » No doubt. When will it ease though?
The Belly wrote: » Pent up demand. It will ease though.
Hubertj wrote: » Its sad we have people in this country think like you. Thankfully you’re in a minority.
Graham wrote: » I do expect there will be many lessons learned and changes made post pandemic. It's hard to guess how this will impact the property market. Personally I can see slightly lower demand for large scale offices and city centre apartments but I wouldn't like to guess if it will be enough to move the needle significantly.
neutral guy wrote: » I will not tell much about everything Just about hotels The main profits hotels had from conferences/meetings were people was coming from around the world Now people communicating online organising conferences/meetings and many are happy about it There is number of great start ups making millions already working on technologies for it Hotels will never back to normal life same as employees in them Same as Dublin airport On every step were you see movements from traditional life style to new will be changes forever Or as said one of my mates who has pub We will Never back to normal even if economy will starting moving again Same as people who started drink with friends at home or guys who started make sandwiches to work at home Economy are heavily damaged the economy which still did not recover from 2008 recession You could continue live in pink world dreaming about back to normal but we will never will back to normal again There will be only worse before government will find out which they still did not found since last recession.
neutral guy wrote: » Asia live with masks on faces long years now this life style came to Europe.If not one then the next virus will come.But now many companies will start work on minimising risks financial and human and this will change plenty include property prices.
Graham wrote: » The coronavirus restrictions are only likely to stay forever if the pandemic stays forever. I don't think even the most pessimistic expect that to happen.
Hubertj wrote: » Will you be paying income tax at this stage?
