MacronvFrugals wrote: » Thanks Hub i thought the cellular to fill gaps was still on the table, are they going with fibre>copper to the last mile?
Passive Access Wholesale Products (1)Duct Access Product; (2)Pole Access Product; (3)Unbundled Fibre Access Product; (4)DarkFibre Product; and (5)Radio Tower and Mast Access Product
Under the National Broadband Plan (NBP) Contract, National Broadband Ireland (NBI) will roll out a high speed and future proofed broadband network within the State Intervention Area and will operate and manage this network over the next 25 years.
smurgen wrote: » I think demand is about to collapse. The WFH/ relocation of workers is being looked at by multinationals. They are looking at the tax implications of this with the accounting and tax firms currently.https://twitter.com/Independent_ie/status/1282302449387286528?s=19
MacronvFrugals wrote: » As it's just not practical to take fibre to sparsely scattered and remote houses, those may well have to be serviced via 5G and such, but it's not compromising. The compromising part remains to be seen in fairness, as the users rack up i can see issues arising.
Tea drinker wrote: » This type of issue around tax is well understood by MNC's at least it used to be. I'd expect this is no surprise. The surprise can be if the companies see remote working as workable long term, and feel they can do the same or similar quality from another much more remote location then the jobs and tax goes completely. Maybe even the brass plaque too
Timing belt wrote: » WFH model was here well before covid as was outsourcing work to cheaper labour markets so don’t see it changing the dynamic that much with the exception of employees looking for the opportunity to WFH for childcare & transport costs etc. Yes more will WFH and there will be less demand for housing in Dublin as a result but there is still a shortage of supply so will barely move the dial on house prices however may lower rents or at least reduce the increases.
schmittel wrote: » This is a very important point. Various government policies and actions/inactions have incentivized property owners to keep them vacant (or disincentivised them from having them occupied). This in turn creates shortages and pushes up rents, forcing the government into long term leases at high rents with landlords - thereby creating a floor on rents. This is will continue until the government recognizes that their policies are causing the vacancies, thus the shortage, thus the rent increases. As you say, they need to cop the hell on. But will they?!
Tea drinker wrote: » I know people in a business with some remote working were previously refused WFH by HR. It's a completely different approach now with en masse WFH compared to occassional 1 day a month or some convenient - 3 days from home. I don't think the company I'm in are "there yet" for making a "best shoring" type decision but this is definitely going to focus some minds. It's a facor. The other thing is people in the likes of Dublin probably suffered more than their country cousins during lockdown, and the lesson there is those that can will bail in your scenario above or others.
schmittel wrote: » Can you link to what you were reading, I'd be interested to read it as well, so I can understand it better? And I've always piped on about 6% being the long term average vacancy rate in a functioning market!
Timing belt wrote: » You talk about 290bn of lending and property. The majority of it loan books that the funds bought cheap and as long as the majority repayment are made the fund makes money. I would speculate that the housing stock they purchased was minimal. Yes you have reit’s and private equity funds buying stock for the rental income but these are a very different business model.
Springy Turf wrote: » Undated article that badly summarises a freely available ESRI report from may - not news. If you have based any of your own opinions on sources like “dowlingfinancial” then god help you. ESRI article:https://www.esri.ie/system/files/publications/WP661_0.pdf
Mad_maxx wrote: » im planning to buy another house in the next few months with the intention of leasing to the local authority for twenty years i focus on houses in less desirable areas but which are structurally sound and require little investment , these houses have l ess far to fall in my opinion
neutral guy wrote: » You are right guys ! There will be no supply and huge demand ! The buyers will have problems with cash supply which will be on huge demand !
Mic 1972 wrote: » People have cash, a lot of investors are coming forward with cash in the hands Not everyone needs a mortage
neutral guy wrote: » Any proper investor with cash will not buy any property today/tomorrow/in next 12 months.Today we have unique opportunities invest cash to a lot better places than property.Here I talking about those who has brain and cash. People who was saving money for property since last recession has enough brains not buy property even if property will cost 20 per cent less ! The other part who has cash will have buy food because will lose jobs/pay for kids education/own bills/etc ! Please stop dreaming about somebody will buy property ! Which also will be heavily taxed ( like property for rent ) !
cubatahavana wrote: » So no one is buying other than idiots, right? I’m tired of your posts. You’re the smartest guy here, it seems. You’ve been around in Ireland at least since the last recession and after living here for more than 12 years, you cannot write one proper sentence.
Mic 1972 wrote: » Investors are still buying properties, they have been doing it all year despite signs of the incoming recessions where already there Whatever your opinions are, they have the cash and they are buying properties
neutral guy wrote: » I will better buy Ryanair or Norvegian or other shares than buy property for rent to local autorities
Vieira82 wrote: » Blackstone probably the biggest landlord in the world right now has billions of dollars waiting to be used to buy property. Anyone that will get desperate and sell at a lower price will be eaten by investors like Blackstone and there's loads of them. They literally are hoarding houses and I am sure, artifically infating the market atm.
Mic 1972 wrote: » investors might do that too, they have cash I'm not saying that it's smart to buy properties in this moment, in fact i was questioning the stability of the property market at the early stages of the pandemic, because it was clear from the beginning that this would have had an economic impact. But the reality is that the property market hasn't shown any signs of decline.
neutral guy wrote: » Did not show for who !? For you !? Media are full of reports about falling prices and bad future for property in Ireland The rent prices in my town 25 per cent down already ! The next step will be property price it self !
Mic 1972 wrote: » The reports are depicting an opposite scene to what you describe
neutral guy wrote: » Did not see any possitive reports or reports without words Price Crash in last 6 months on any source of media in Ireland. Mortgage holidays ended this week.The real show will start next month.
