Balluba wrote: » Now that the EBS has put a cap on savings and other banks will surely follow suit Will most of that cash be invested in property??
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.
Smiley11 wrote: » Blackrock is our second choice of area. Absolutely beautiful but we can't get somewhere there within our budget either!
Pelezico wrote: » Could you not rent a place? Living with in laws must be tough..and you have all that money in the bank. Cork must be a cheap place to rent.
Smiley11 wrote: » Why would we rent? Did you not say at some point that your son is saving for a house & living with you in the interim? We have wonderful parents who are happy to accommodate us & we have no issues other than wanting to live in our own home together. Are we very different to your son? Have a look at Cork rentals on Daft...we'd be lucky to get somewhere suitable for €1500 a month. I'll bank that amount thanks to our parents as you know yourself ��
The Belly wrote: » stay put for now keep saving. It sounds like you have it good.Dish up a few pound to the parents when you can if they need it.
Smiley11 wrote: » We absolutely do. We'd never expect them to carry us & always pay our way & gift them anything we can. My in laws are very comfortable & my mother manages on her pension so appreciates us paying her bills & treating her. I can't reiterate how lucky we are but am just dumbfounded at some of the ridiculous spiel here. We're fortunate but we're not ultimately happy in our current position. Some might scoff but I genuinely never expected to be in such a good position financially...but we're still nomadic...the grass is always greener!
The Belly wrote: » Your doing great and with family too in hard times. Save the few pounds. The older generation did it and don't need much but nice to treat them when needed to take the pressure off. The time will come when the right place will come up and then move but for now stay put. See the winter out:)
Smiley11 wrote: » Ten years ago I was broke. I had a tracker mortgage & was paying rent as I was working shifts a good hour from Cork City. I took out the tracker in 08 to help my mother out & now shes helping me. I've had some seriously hard times & never imagined I'd be in the position I am now. My husband is incredible & works his a$s off for us He laughs about the time I had to ask him for €5 to buy my lunch but I still cringe at how penniless I was & couldn't tell him that it was for the fuel to get to work until I got paid at midnight. It was grim. My point is that I've been penniless. I didn't come from money but I work hard. My husband is my rock & works a hell of a lot harder. I have no illusions about property or entitlements. To be honest, all I want is a decent south facing garden where I can sip my g&t's in relative peace
neutral guy wrote: » I had very good life during the last recession I hope I will have better during this one using experience from previous one But I am afraid that this time could be something different.
Thespoofer wrote: » Neutral guy I have to say I do enjoy your posts. There was a guy similar to yourself on the David McWilliams site who was a regular contributor to the comments section ( Mcwilliams closed that section now which is a pity ) and alot of the other commenters put him down as a bit of a crank/conspiracy theorist just because they didn't agree with him. I actually took some of his advice on a few things and glad today I listened. But getting back to yourself, did I read in an earlier one of your posts ( I'm not going to go searching back ) that you got burnt a little in the last recession ? Or am I mistaken ? Above you say you had a good life during it, what did you do exactly ? Thank you.
Leozord wrote: » By my personal experience, this is not true My company is hiring here in Dublin. We hired professionals/interns during the pandemic, without even face-to-face meeting. People are still joining on a weekly basis. Job offers from linkedin recruiters haven't been impacted, to be honest I've received even more offers. I'm not saying tech is flying and it is unbeatable, but it didn't get any major impact, at least within my social circle. Are there any other SDEs here who could relate?
Balluba wrote: » I enjoy Neutral Guy’s posts as well
combat14 wrote: » Interesting to see what has only started to happen to London rents: Landlords slash rents by up to 20% as tenants quit city centres in pandemichttps://www.theguardian.com/money/2020/sep/20/private-rents-plunge-covid-19-decimates-lettings-market-workplace-space-gardens
seablue wrote: » In my price range I dont see any price falls. This house had an offer at the asking price of 295k - before the first viewing:https://www.myhome.ie/residential/brochure/32-loreto-crescent-rathfarnham-dublin-14/4374338
Smiley11 wrote: » It is.
Smouse156 wrote: » How can you not get a house in Cork for under 650k? I live in Cork and almost every house is under that price bar those that are enormous. Most new build detached are under 500k
Smouse156 wrote: » Glenveagh have a new build estate in Blackrock with the most expensive houses costing 555k: Check out this property I found using Daft: https://www.daft.ie/9135047 Your statement that you cannot buy in Cork for 650k is equivalent to saying that 1 million won’t get you a house in Dublin. 650k would buy a good house in any area of Cork.
Smiley11 wrote: » Why would we rent? Did you not say at some point that your son is saving for a house & living with you in the interim? We have wonderful parents who are happy to accomodate us & we have no issues other than wanting to live in our own home together. Are we very different to your son? Have a look at Cork rentals on Daft...we'd be lucky to get somewhere suitable for €1500 a month. I'll bank that amount thanks to our parents as you know yourself ��
Augeo wrote: » They are looking in montenotte & St Luke's and obviously have strict criteria.
Balluba wrote: » Not renting a house in the interim for your family to be together must have been a difficult decision to make.Living as a divided family must be very stressful and you will not be able to buy back that time together. Hope you get settled into a new home before Christmas
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