silver2020 wrote: » 330k for 1250 sq ft 3 bed in Newcastle.https://www.cairnhomes.com/new-homes/graydon/ 290k for large 3 bed in Balbrigganhttps://www.myhome.ie/residential/brochure/taylor-hill-balbriggan-county-dublin/4197010
cubatahavana wrote: » I see your point. I was referring at people that say that they’d never buy in a new build. I can understand that new build can be more expensive for FTB
Springy Turf wrote: » The main issue I have with new builds I have seen is that all the houses are completely on top of each other, usually no front garden, and usually on quite a small plot of land. Yes, you are getting really nicely laid out houses with good floor space and great thermal efficiency, and that definitely has a lot of appeal, but (in Dublin anyway), the most expensive thing is the land. With a new build, you are getting a lot less land for your money.
943 wrote: » With new builds you get help to buy which is great, but you're also looking at several thousands added to the price. Not everyone has the 3.5 LTI for new builds even with the help with deposit. A second hand house while requiring saving, probably half the deposit amount of a new build Majority of FTB saving to buy are also paying high rents.... even with help to buy you have to save a good chunk of that new build deposit if your income isn't high in the first place. So either way you are breaking your back saving. Except, you will get a LTI mortgage for a second hand 150k house that you wouldn't get for a new build. There are obviously exceptions and it is clearly working for some who have the income. It is a catch 22. But a lot dont - if they did the deposit would be less of an issue in the first place. That and as above, there just arent many new developments in some areas.. At least that's my anecdotal experience and that of people my age group, but I could be totally off the mark and missing something too.
Dwarf.Shortage wrote: » Examples?
cubatahavana wrote: » I just don’t get the hate for new build. I personally love them. Good specs, warm, energy efficient, good size and layout... I can understand some people not wanting them, but it seems to be the norm and it baffles me.https://maps.pobal.ie/WebApps/DeprivationIndices/index.html
silver2020 wrote: » been hearing that so often and in reality it has only happened once in the past 30 years and that because the world had gone crazy on a property and lending ponzi scheme and no-one shouted stop til the guy at the bottom said he wanted his money back. Cheap and easy credit with few question asked - that was the mode of operation almost WORLDWIDE. All asset classes collapsed almost overnight. That is not happening these days. Some prices are frothy, some are great value (I bought a holiday home investment recently that was 75% below the price some fool bought in 2006 - I'll get 20% return by letting it on airbnb and be able to use it frequently)Decent sized 3 beds are becoming available in Dublin for 300k - that's affordable for many. A 30 year 275k mortgage will be €1100 a month. You can fix it for 10 years for under €1150, or be sensible and go for 25 years @ €1275 a month There is no deep recession even on the horizon
HotDudeLife wrote: » Patience my friend, play the long game. This house of cards won't be standing much longer, huge crash coming in 2021-2022.
silver2020 wrote: » Some of the glass half empty crowd will be very disappointed. No discernible increase in arrearshttps://www.lawsociety.ie/gazette/top-stories/home-loan-arrears-decreased-after-covid-payment-breaks/
silver2020 wrote: » been hearing that so often and in reality it has only happened once in the past 30 years and that because the world had gone crazy on a property and lending ponzi scheme and no-one shouted stop til the guy at the bottom said he wanted his money back. Cheap and easy credit with few question asked - that was the mode of operation almost WORLDWIDE. All asset classes collapsed almost overnight.
silver2020 wrote: » been hearing that so often and in reality it has only happened once in the past 30 years and that because the world had gone crazy on a property and lending ponzi scheme and no-one shouted stop til the guy at the bottom said he wanted his money back. Cheap and easy credit with few question asked - that was the mode of operation almost WORLDWIDE. All asset classes collapsed almost overnight. That is not happening these days . Some prices are frothy, some are great value (I bought a holiday home investment recently that was 75% below the price some fool bought in 2006 - I'll get 20% return by letting it on airbnb and be able to use it frequently) Decent sized 3 beds are becoming available in Dublin for 300k - that's affordable for many. A 30 year 275k mortgage will be €1100 a month. You can fix it for 10 years for under €1150, or be sensible and go for 25 years @ €1275 a month There is no deep recession even on the horizon
Timing belt wrote: » The first time we will get a chance to see what is ahead in the property market is when the banks release there Q3 earnings at the end of the month. That will tell the level of arrears and the impact it will have on the banks future lending.
KnowingWind wrote: » Just remember guys. Just about when all the sheep are saying property will go up forever and never drop...is when it drops. The drops are quick, all signs are in.
MacronvFrugals wrote: » Do you know the total number of hap tenancies?
Springy Turf wrote: » We just got a new lender in the country with lower interest rates. Banks have to pay to keep money on deposit. For sure the banks might lower their risk profile, but already with our mortgage lending rules there is a regulatory limit on mortgage sizes against income.
KennisWhale wrote: » irishtimes.com/business/economy/budget-2021-main-points-up-to-5-000-a-week-for-covid-hit-firms-hospitality-vat-rate-cut-1.4379526?mode=amp This signals to me an artificially inflated rental market when the State is the largest tenant and directly competes on such a huge scale with individuals. Are those numbers correct? An "additional" 15,800 tenancies to how many and 2.4bn being funnelled into the pockets of private landlords from the State!? Mind-boggling and catastrophically high figures.
fliball123 wrote: » yawn people have been saying that since Feb in a few months its going to hit yadda yadda..play the long game if you want but the budget will keep things ticking along no sign of price drops
enricoh wrote: » Chances are you were outbid by taxpayers money for social housing on some of them. If u can't beat them, join them!
Spending of 2.4 billion in 2021 will support an additional 15,000 Housing Assistance Payment tenancies and 800 Rental Accommodation Scheme tenancies.
KnowingWind wrote: » when all the sheep are saying property will go up forever and never drop
calfmuscle wrote: » I'm a first time buyer trying to buy solo, the market it flying up around here. Iv rang asking about 3 houses priced 215 to 245 all went by 15k to 40k over the asking price. Its a nightmare and unless there is a crash I'll never get a home.
