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Irish Property Market 2020 Part 2

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    #5282
    Pelezico
    Registered Users Posts: 681 ✭✭✭Pelezico


    neutral guy wrote: »
    Sorry.Did not get you.

    He is being a wise guy. He does not believe your story.


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    #5283
    neutral guy
    Closed Accounts Posts: 402 ✭✭neutral guy


    Pelezico wrote: »
    He is being a wise guy. He does not believe your story.

    I usually tell stories from my own experience.


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    #5284
    The Belly
    Registered Users Posts: 572 ✭✭✭The Belly


    bobbyy gee wrote: »
    the feds pumped 5 trillion into economy now there's 25 trillion debt to be paid by tax payers they gave it out as unrepayable loans that don't need to be paid back come the November election the money tap will be turned off
    and should go into ressesion the high stock market is due tona few tech companies ad millions of businesses have gone bank rupt and millions have become unemployed
    some one has to pay the piper

    As long as the dollar is the reserve currency it won't matter. But if that changes things will get very wild for a while.


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    #5285
    neutral guy
    Closed Accounts Posts: 402 ✭✭neutral guy


    I was arguing with guys from Lithuania about economy in my country
    They said economy are growing and you are blind if you dont see it
    There is huge traffics on streets because people has many cars
    There is full cafe of people
    And full shops

    I said

    The majority of cars are 15-20 years old and worth nothing
    The cafe are full of people who just drink juice or cofe for hours but does not have money buy cakes because is no cakes on tables
    The girls in shoe shops are playing on phones beside the counter and people walking around

    We see many things differently and same we see many thing differently reading media.


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    #5286
    Smiley11
    Registered Users Posts: 246 ✭✭Smiley11


    Pelezico wrote: »
    The inflated stock market has created a lot of money. Wait for the collapse after November.

    Then the falls will come hot and heavy.

    Purchase wise, this would be great but I'm not convinced that falls are either imminent or "hot & heavy". It would be great for us if you were right but the situation is utterly unpredictable at present. Nobody knows the when, what or how. Thats one of the many facts that is not being iterated on this forum. The market in Cork City is insane at the moment & its clearly occurring nationally. I truly hope it falls off a cliff by December as you say but I'll remain skeptical.


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    #5287
    The Belly
    Registered Users Posts: 572 ✭✭✭The Belly


    neutral guy wrote: »
    I was arguing with guys from Lithuania about economy in my country
    They said economy are growing and you are blind if you dont see it
    There is huge traffics on streets because people has many cars
    There is full cafe of people
    And full shops

    I said

    The majority of cars are 15-20 years old and worth nothing
    The cafe are full of people who just drink juice or cofe for hours but does not have money buy cakes because is no cakes on tables
    The girls in shoe shops are playing on phones beside the counter and people walking around

    We see many things differently and same we see many thing differently reading media.

    it's off the point but if i was living in Lithuania I would be more concerned about the build-up of troops on the border with Belarus.


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    #5288
    Smiley11
    Registered Users Posts: 246 ✭✭Smiley11


    neutral guy wrote: »
    I was working in joinery workshop in April of 2007 and I heard advertisement about Rent to Buy on radio.Some minutes after I heard another advertisement about 110 per cent mortgage.
    I understood that there is no buyers left on market and this pyramide on way to collapse
    My work mate just got 250 K mortgage for house with no windows and floors and bought nice coupe car taking another 20K loan
    I said to him Look,this is the final,we are in deep sht
    He looked at me and said Will you fkn shut up ?
    Exactly 1 year after the company shut the door and he was seating in bank dealing about difficulties pay his mortgage and loan.
    3 years ago I meet him in another company were I got job
    I told him that another recession on way already and the mess gonna happen in 2020/2021
    He was smiling and did not believe me again.

    Did you buy during the last recession NG? I'm just interested to find out your experience of the property market because you seem pretty knowledgeable with regards to the market for the last 15 years & going forward it would seem.

    There are a lot of buyers in the market at present. I would personally consider this as an ideal time to sell to be honest. We have a 650k budget & can't get a house where we want to live. We were just bidding against 3 other couples in the same position as us & the other unsuccessful bidders may be up against us next time. We're extremely fortunate that we have a large deposit & very secure jobs but so do many others, in many price brackets. The future of the market is unpredictable & thats one of the few facts I can state when it comes to this subject.


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    #5289
    hometruths
    Registered Users, Subscribers Posts: 5,797 ✭✭✭hometruths


    Smiley11 wrote: »
    Did you buy during the last recession NG? I'm just interested to find out your experience of the property market because you seem pretty knowledgeable with regards to the market for the last 15 years & going forward it would seem.

    There are a lot of buyers in the market at present. I would personally consider this as an ideal time to sell to be honest. We have a 650k budget & can't get a house where we want to live. We were just bidding against 3 other couples in the same position as us & the other unsuccessful bidders may be up against us next time. We're extremely fortunate that we have a large deposit & very secure jobs but so do many others, in many price brackets. The future of the market is unpredictable & thats one of the few facts I can state when it comes to this subject.

    Is that €650k budget for buying in Cork city?


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    #5290
    neutral guy
    Closed Accounts Posts: 402 ✭✭neutral guy


    Smiley11 wrote: »
    Did you buy during the last recession NG? I'm just interested to find out your experience of the property market because you seem pretty knowledgeable with regards to the market for the last 15 years & going forward it would seem.

    There are a lot of buyers in the market at present. I would personally consider this as an ideal time to sell to be honest. We have a 650k budget & can't get a house where we want to live. We were just bidding against 3 other couples in the same position as us & the other unsuccessful bidders may be up against us next time. We're extremely fortunate that we have a large deposit & very secure jobs but so do many others, in many price brackets. The future of the market is unpredictable & thats one of the few facts I can state when it comes to this subject.

    Yes,I was a stupid idiot and I bought couple sites before recession in 2008
    I did not think recession will hit me because I had good job/life/ not much knowledge
    When I lost my job and had pay bills I understood that not enough understand about recession coming
    I need sometimes understand what I will do when I will have pay bills without having money for it
    I was in bank in my country on those days.The guy was carrying his girlfriend/wife on hands from clerk room in bank.She was screaming and crying shouting I want our dream house back ! We dont have house anymore said that guy.
    Then I started understand Never buy property when is too much buyers on market.


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    #5291
    cunnifferous
    Registered Users Posts: 1,071 ✭✭✭cunnifferous


    Smiley11 wrote: »
    Did you buy during the last recession NG? I'm just interested to find out your experience of the property market because you seem pretty knowledgeable with regards to the market for the last 15 years & going forward it would seem.

    There are a lot of buyers in the market at present. I would personally consider this as an ideal time to sell to be honest. We have a 650k budget & can't get a house where we want to live. We were just bidding against 3 other couples in the same position as us & the other unsuccessful bidders may be up against us next time. We're extremely fortunate that we have a large deposit & very secure jobs but so do many others, in many price brackets. The future of the market is unpredictable & thats one of the few facts I can state when it comes to this subject.

    I seriously hope for your sake this is sarcasm


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    #5292
    Smiley11
    Registered Users Posts: 246 ✭✭Smiley11


    I'm just interested to know if he has vast experience of buying property as I'm clearly missing a beat & extremely poor at predicting massive property price drops.

    I don't mean to sound sarcastic but I'm a fan of fact & experience. There are many here who don't have a grasp of either yet like to pontificate. I've bought & sold a couple of times now & only made a profit by sheer luck to be honest. I'm really hoping to make a killing in this imminent property armageddon..fingers crossed! ��


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    #5293
    Smiley11
    Registered Users Posts: 246 ✭✭Smiley11


    schmittel wrote: »
    Is that €650k budget for buying in Cork city?

    It is.


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    #5294
    neutral guy
    Closed Accounts Posts: 402 ✭✭neutral guy


    cunnifferous wrote: »
    I seriously hope for your sake this is sarcasm

    The more people will see jokes in my comment the more money I will make in recession coming.

    In the last recession I created money for turnover I lost time doing it and did not have enough time to make good money until 2015 when my business stopped
    This time I will come to same market and bigger recession with bigger bag of cash ! And I will have a lot more time .
    Many of people will happy get my phone call and will wait for me seating beside window
    Because many of them fridges will be empty and I will come buy them fridge :)


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    #5295
    drogon.
    Registered Users Posts: 716 ✭✭✭drogon.


    neutral guy wrote: »
    The more people will see jokes in my comment the more money I will make in recession coming.

    In the last recession I created money for turnover I lost time doing it and did not have enough time to make good money until 2015 when my business stopped
    This time I will come to same market and bigger recession with bigger bag of cash ! And I will have a lot more time .
    Many of people will happy get my phone call and will wait for me seating beside window
    Because many of them fridges will be empty and I will come buy them fridge :)

    Honestly I have no idea what you are talking about ? Sounds like you need to leave the house once in a while !


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    #5296
    neutral guy
    Closed Accounts Posts: 402 ✭✭neutral guy


    Smiley11 wrote: »
    It is.
    Nobody will share his experience and tell you how to make money for free ! Because nobody need competition on profit market.I spent 12 years on my experience and you hope I will tell everybody about it ? :)


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    #5297
    Bubbaclaus
    Registered Users Posts: 4,461 ✭✭✭Bubbaclaus


    drogon. wrote: »
    Honestly I have no idea what you are talking about ? Sounds like you need to leave the house once in a while !

    Sounds like he needs help tbh


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    #5298
    cunnifferous
    Registered Users Posts: 1,071 ✭✭✭cunnifferous


    neutral guy wrote: »
    The more people will see jokes in my comment the more money I will make in recession coming.

    In the last recession I created money for turnover I lost time doing it and did not have enough time to make good money until 2015 when my business stopped
    This time I will come to same market and bigger recession with bigger bag of cash ! And I will have a lot more time .
    Many of people will happy get my phone call and will wait for me seating beside window
    Because many of them fridges will be empty and I will come buy them fridge :)

    Your posts read like a Walter Mitty algorithm.


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    #5299
    Smiley11
    Registered Users Posts: 246 ✭✭Smiley11


    neutral guy wrote: »
    The more people will see jokes in my comment the more money I will make in recession coming.

    In the last recession I created money for turnover I lost time doing it and did not have enough time to make good money until 2015 when my business stopped
    This time I will come to same market and bigger recession with bigger bag of cash ! And I will have a lot more time .
    Many of people will happy get my phone call and will wait for me seating beside window
    Because many of them fridges will be empty and I will come buy them fridge :)

    I honestly don't know what you're talking about NG? Its not so much a communication breakdown but a breakdown of reason. I apologise because I was under the impression that you had bought a lot of property at opportune times.

    I genuinely don't mean to offend but you just sound like the kid who is trying too hard to impress...& failing at it. I truly hope you can hop on here in a couple of years & tell us you bought an amazing house for 50% of what it might have achieved previously but you just don't back up anything you say with fact.

    I'd love to get a 600k house for 300k but I just don't think thats realistic personally. We're living in extraordinary times & nobody here knows whats going to happen...fact!


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    #5300
    neutral guy
    Closed Accounts Posts: 402 ✭✭neutral guy


    cunnifferous wrote: »
    Your posts read like a Walter Mitty algorithm.

    Not really

    Thousands years ago people was throwing stones to Jesus
    Today many people believe him
    And many other for sure

    I finished here until start of next year.
    All the Best


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    #5301
    hometruths
    Registered Users, Subscribers Posts: 5,797 ✭✭✭hometruths


    Smiley11 wrote: »
    It is.

    Wow. No knowledge of cork market but would have thought that was a healthy budget. I.e enough not to be in repeated bidding wars.

    Was it like that summer 2019?


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    #5302
    Hubertj
    Registered Users Posts: 2,000 ✭✭✭Hubertj


    schmittel wrote: »
    Wow. No knowledge of cork market but would have thought that was a healthy budget. I.e enough not to be in repeated bidding wars.

    Was it like that summer 2019?

    Cork is a good town. I lived there part time for A few years when My wife went back to college. We discussed settling there before deciding to go back to Dublin. Lived in Blackrock while in cork. Nice area and only about 20 mins walk to city centre.


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    #5303
    TheSheriff
    Registered Users Posts: 1,108 ✭✭✭TheSheriff


    Hubertj wrote: »
    Cork is a good town. I lived there part time for A few years when My wife went back to college. We discussed settling there before deciding to go back to Dublin. Lived in Blackrock while in cork. Nice area and only about 20 mins walk to city centre.

    Blackrock is a lovely area, one of the more expensive parts of the city


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    #5304
    Smiley11
    Registered Users Posts: 246 ✭✭Smiley11


    neutral guy wrote: »
    Nobody will share his experience and tell you how to make money for free ! Because nobody need competition on profit market.I spent 12 years on my experience and you hope I will tell everybody about it ? :)

    I don't need to make money for free NG. My husband & I work really hard & are very fortunate to have made profits on properties & we save a lot. I don't feel the need to tell anybody about what we do for us. Its not a competition, its life. We have a "big bag of cash" in the bank but that doesn't mean we're better than anyone else. In fact, I would say that there are many people with a lot less money in the bank than us who are infinitely happier.

    We work hard, we save hard, we have a very happy family but the fact is that we don't have a family home at the moment & are living between our parents homes in different counties. All we want is to live in our forever family home & we just can't get one in the current climate.

    I've been following this thread for months & can only envisage some contributors as banging their chests & roaring with delight as they submit their latest "property market is goosed" post but its not...property is booming & a few lackadaisical posts that don't disprove that fact aren't going to change anything. Few unnecessarily bruised chests is all it will achieve. :D


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    #5305
    Bubbaclaus
    Registered Users Posts: 4,461 ✭✭✭Bubbaclaus


    neutral guy wrote: »
    Not really

    Thousands years ago people was throwing stones to Jesus
    Today many people believe him
    And many other for sure

    I finished here until start of next year.
    All the Best

    Thank god for that. See you next year.


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    #5306
    Mic 1972
    Registered Users Posts: 3,213 ✭✭✭Mic 1972


    neutral guy wrote: »
    Not really

    Thousands years ago people was throwing stones to Jesus
    Today many people believe him
    And many other for sure

    I finished here until start of next year.
    All the Best


    you are not going to pop over for your birthday on 25th Dec then?


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    #5307
    Pelezico
    Registered Users Posts: 681 ✭✭✭Pelezico


    Smiley11 wrote: »
    I don't need to make money for free NG. My husband & I work really hard & are very fortunate to have made profits on properties & we save a lot. I don't feel the need to tell anybody about what we do for us. Its not a competition, its life. We have a "big bag of cash" in the bank but that doesn't mean we're better than anyone else. In fact, I would say that there are many people with a lot less money in the bank than us who are infinitely happier.

    We work hard, we save hard, we have a very happy family but the fact is that we don't have a family home at the moment & are living between our parents homes in different counties. All we want is to live in our forever family home & we just can't get one in the current climate.

    I've been following this thread for months & can only envisage some contributors as banging their chests & roaring with delight as they submit their latest "property market is goosed" post but its not...property is booming & a few lackadaisical posts that don't disprove that fact aren't going to change anything. Few unnecessarily bruised chests is all it will achieve. :D

    Oh god.


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    #5308
    Smiley11
    Registered Users Posts: 246 ✭✭Smiley11


    schmittel wrote: »
    Wow. No knowledge of cork market but would have thought that was a healthy budget. I.e enough not to be in repeated bidding wars.

    Was it like that summer 2019?

    Its a very good budget but not enough at the moment for where we want to live. I honestly don't think it was this bad a year ago. Two other houses sold where we were bidding in the last year. One went for 10k under asking (same estate, house in great condition, poorer garden/view). The other sale hasn't completed yet but that house was on for 695k in fantastic condition & with FPP for another house in the far bigger garden!

    I genuinely had to pinch myself at what the other bidders were willing to pay for a house with so much work to do to it. My husband wasn't as enthused as I was as PP for social housing has been granted for a site quite close but it wouldn't impact on that house theoretically.


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    #5309
    Smiley11
    Registered Users Posts: 246 ✭✭Smiley11


    Hubertj wrote: »
    Cork is a good town. I lived there part time for A few years when My wife went back to college. We discussed settling there before deciding to go back to Dublin. Lived in Blackrock while in cork. Nice area and only about 20 mins walk to city centre.
    TheSheriff wrote: »
    Blackrock is a lovely area, one of the more expensive parts of the city

    Blackrock is our second choice of area. Absolutely beautiful but we can't get somewhere there within our budget either!


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    #5310
    TheSheriff
    Registered Users Posts: 1,108 ✭✭✭TheSheriff


    Smiley11 wrote: »
    Blackrock is our second choice of area. Absolutely beautiful but we can't get somewhere there within our budget either!

    Where are you looking as your primary area out of interest?

    I really thought you'd have your pick in Cork at that price range......


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    #5311
    Smiley11
    Registered Users Posts: 246 ✭✭Smiley11


    Montenotte/St Lukes...hes finding it difficult to drag the norrie south of the river!

    To explain..we're trading up. I'm from the area & our son has started school locally. I have a few rigid stipulations because its our last home but will make allowances for the right house. We just can't get one. We've only bid on one but any that we've enquired about were sale agreed or mid bidding war. Our last house was horrible (bachelor buy) but we made a profit & all I want is a lovely home & garden for our children. Its not so easy to come by one in Cork even in that price range though! I can only hope the chest thumpers are right.


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