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.
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.
schmittel wrote: » Is that €650k budget for buying in Cork city?
cunnifferous wrote: » I seriously hope for your sake this is sarcasm
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
Smiley11 wrote: » It is.
drogon. wrote: » Honestly I have no idea what you are talking about ? Sounds like you need to leave the house once in a while !
cunnifferous wrote: » Your posts read like a Walter Mitty algorithm.
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?
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.
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 ?
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
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.
TheSheriff wrote: » Blackrock is a lovely area, one of the more expensive parts of the city
Smiley11 wrote: » Blackrock is our second choice of area. Absolutely beautiful but we can't get somewhere there within our budget either!
Smiley11 wrote: » 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.
Balluba wrote: » Smiley you are just one of thousands in Ireland at the moment who can not buy a forever home for the budget you have got
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.
neutral guy wrote: » 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.
Pent up demand and limited supply looks like holding the market steady
