brisan wrote: » No wage caps or 90% max mortgage back in 2007 We are at near the max when these are taken into consideration
brisan wrote: » Bit like a rollercoaster with the lockdowns .with state subsidies trying to flatten the financial curve
JimmyVik wrote: » What shape is this? [Removed Image]
j@utis wrote: » Some good points there. V-Shaped economy isn't possible, with housing prices near all time high the only way is down.
fliball123 wrote: » Emmm I think we are a good 20% below the high of 2007
Villa05 wrote: » The provision (or lack thereof) of state housing is critical to the direction of the housing market as a whole. It is not a separate discussion
brisan wrote: » Agreed More state housing frees up more rental properties which will either come on the open rental market or be sold
Cantstandsya wrote: » Amazing. I can think of few things more relevant to the discussion.
brisan wrote: » Listening to CNN last night Interview with Yale Professor (of HUMAN CULTURE I think) His take was that next year is a wipe out with rolling lockdowns and social distancing still the norm until vaccine fully run out . Yale modellers predict between 500,000 AND 1,000000 American will die Clusters and hotspots will develop that will cause severe lockdowns 22 and 23 will see the start of economic recovery ,and the realisation of the medical,physical and mental health implications of the virus He said long covid is a thing but no one knows what the long term effects are likely to be or their costs to the Government 24 will see the start of the upswing in the economy He said Covid will cost the US approx 16 trillion dollars How this plays out on the world stage and the world economy is still a bit of an unknown How this effects the Irish economy no one knows Tourism is dead for next year worldwide according to him
Graham wrote: » Mod Note discussion of state provision of housing moved to this thread
PropQueries wrote: » The more pressing question in my mind is why they (and the houses previously rented to students etc.) haven't been showing up in significant numbers on the Daft.ie etc. reports over the past several months.
Graham wrote: » The recent changes in legislation had barely begun to be enforced. While the likes of DCC were recruiting the necessary staff, it's probably fair to say there was almost no evidence of enforcement when the pandemic hit. The return (or otherwise) of significant volume of short term lettings is likely to hinge entirely on enforcement from local authorities. IMO enforcement has potential to have a much bigger impact in some markets than the pandemic has.
Graham wrote: Mod Note discussion of state provision of housing moved to
PropQueries wrote: » I’m a bit confused about how many posters are saying once tourism numbers return the AirBnB market will return to pre-Covid levels and it’s impact on the property market re-emerging. Isn’t that all but banned in Dublin now that they require planning permission? Also, AirBnB now pass on all details to the revenue so the state bodies should know who’s offering AirBnB without planning permission?
brisan wrote: » I think it was fairly obvious and a point that has been discussed at length previously
Cyrus wrote: » one would imagine the 3m getting it are the people at 'more' risk, once they are vaccinated we can get back to normal, for the majority it isnt a serious illness.
Cyrus wrote: » im not sure what point he is trying to make.
hmmm wrote: » The council have no capacity to build houses, and it's not like there are loads of unemployed tradespeople sitting around who can be employed by them. I don't understand this decision by DCC at all to be honest. It looks like a vaccine might get us out of this pandemic relatively quickly. Supply is squeezed, and there are a number of potential purchasers who have built up large cash deposits. We could see the Airbnb market pick up later in the year. It's not a great place for FTBs unfortunately I think.
dor843088 wrote: » I second your point about house prices but Irish wages are far from ****e.
Smouse156 wrote: » Slim to none given they topped out in 2018 and haven’t risen due to CBI rules. There is a limit to how overpriced they can get on ****e Irish wages
Wanderer78 wrote: » pretty good id say, there could very well be a large increase in the availability of credit into our economy, so win win for property and land
Pelezico wrote: » Would you come to this dump with bad weather and people coughing or head to a warm climate? In any case, it looks like nobody will be welcome in Ireland if the covid police have their way.
Mic 1972 wrote: » Tourism most likely is going to come back very strong, everybody wants to take a break and start traveling again. In a year time the covid scenario will be completely different. As for more supply/less demand, i can see you are still pushing this narrative but things are clearly going in the opposite direction
Mic 1972 wrote: » Tourism most likely is going to come back very strong, everybody wants to take a break and start traveling again. In a year time the covid scenario will be completely different
PropQueries wrote: » Tourists aren't coming back next Summer at pre-covid levels either so next years tourism season is already gone, vaccine or no vaccine, so we won't require the same number of workers in the tourism sector until at least the Summer of 2022. More supply with much less demand equals tough times ahead for the property sector IMO
PropQueries wrote: » There's less than 70,000 on the social housing waiting list in Ireland and the vast majority are actually working so wouldn't be able to live in Longford etc. I think the media cherry pick stories of the very few people refusing housing due to location that the Department of Housing and local councils feed them in order to distract the general public from their mismanagement of the whole issue over not years but decades. I'm sure you could cherry pick a few bad apples in your company and you would be highly insulted if we all then painted every employee at your company with the same brush. Just to add, imagine they did all accept those houses offered to them. They’re obviously currently renting In the private market at the moment. All those properties would then re-enter the market for either rent or sale and the value of all our homes would then definitely plunge by 75% IMO.
Deleted User wrote: » 17.29%
