Cyrus wrote: » Hoping for a substantial downturn in the economy , which lets face it will impact the lower paid the worst as these things always do, strikes me as a very strange sentiment and very selfish. I personally don’t care if prices rise or not, as my house is a home not an asset , and if I sell it whatever I want to buy will have increased also so I won’t be any better off. Any why are you answering for him anyway ?
Timing belt wrote: » The only people to benefit from rising property prices are landlords or someone that is planning on emigrating. For the normal householder it makes no difference because if the sell they will get more but likewise will need more to buy another place. Likewise for the individual looking to buy a 'home' will have lost out if they have capital at their disposal and continue to pay rent. To be financially better off house prices would really need to collapse by 50%+.
schmittel wrote: » It seems like any honest debate that might lead to the conclusion that the trade off is lower property prices, is not palatable as people are unwilling to accept this.
Timing belt wrote: » Most people waiting to get onto the property ladder will see this as very palatable but you need to remember that in Ireland 2/3 of people own their property so the idea of lower property prices is up their with large tax increases ("with no benefits for the tax paying population"). Why would anyone choose to reduce their net wealth?
Timing belt wrote: » The idea of wanting the economy to collapse so that prices fall would only benefit someone who was shielded from a loss in income and on a guaranteed job for life.
schmittel wrote: » combat14 may have substantial capital at his disposal, and would welcome a downturn in economy in order to invest that capital in assets at cheaper prices hoping to increase his net wealth. The suffering of others or society at large does not concern everybody. If so, it would be a perfectly rational outlook for an individual to have. No different to those who hope that property prices continue to rise hoping to increase their net wealth. They are not concerned whether rising prices causes the suffering of others or society at large.
Cyrus wrote: » According to the hauliers who are annoyed with how things are going at the port.Some of these posts strike me that the poster is hoping the economy is brought to its knees (or further to its knees maybe lying down ). Strange outlook to have.
Cyrus wrote: » According to the hauliers who are annoyed with how things are going at the port. Some of these posts strike me that the poster is hoping the economy is brought to its knees (or further to its knees maybe lying down ). Strange outlook to have.
Cyrus wrote: Some of these posts strike me that the poster is hoping the economy is brought to its knees (or further to its knees maybe lying down ). Strange outlook to have.
combat14 wrote: » serious concerns irish economy about to be brought to its needs very shortly with brexit tape resulting in many jobs losses herehttps://www.google.com/amp/s/www.irishtimes.com/business/economy/brexit-red-tape-if-nothing-changes-ireland-will-be-closed-1.4458597%3fmode=amp
Villa05 wrote: » How is it any different to investment funds hovering up social housing with guaranteed income in the form of long term leases from the taxpayer
PommieBast wrote: These are loans in default and the "ethical" and "borrower-friendly" description to me sounds very much like some sort of repossession ban. No sane commercial outfit would take them on without a huge discount.
PropQueries wrote: » That’s the thing. AIB (basically state owned) will most likely sell them to an “ethical” investment fund who will then rent them back to the state. Why doesn’t the state just cut out the middle man and save everyone money, time and most importantly stress? There was a good article in Irish Times last week: “The State’s mortgage-to-rent scheme has been irrevocably undermined by the entry of a commercial player, which is outbidding the not-for-profit agencies for the properties involved, according to mortgage campaigner David Hall.” Link to Irish Times article here: https://www.irishtimes.com/business/economy/mortgage-to-rent-scheme-undermined-by-commercial-entity-claims-david-hall-1.4455789?mode=amp
Villa05 wrote: » These in theory will be social housing. I'd be very surprised if there was 50% markdown
PropQueries wrote: » Isn’t that where many of the experts get it wrong. Without supply side constraints, no amount of money printing will lead to inflation (as defined by the official measurement). Plus, there’s no point encouraging banks to lend into the real economy when there’s no real new business ideas to lend into (in the EU anyway).
PropQueries wrote: » Also yesterday, Bloomberg had an article that the Ford motor plant in Germany is closing for a month due to semi conductor shortages. So, it looks like the few economists who predicted that this is where inflation will originate sooner than many expected may be right.
Timing belt wrote: »
Mic 1972 wrote: » All the money that is being printed to sustain the economy is going to create huge inflation. The same happened after the war in countries like italy and germany
PommieBast wrote: I would like to know how much this bundle actually gets bought for. 50% markdown would not surprise me.
PropQueries wrote: » Link to Irish times article here: https://www.irishtimes.com/business/financial-services/aib-plans-ethical-sale-of-up-to-650-distressed-mortgages-1.4459601?mode=amp
PropQueries wrote: » The distressed mortgage sales are back: “AIB plans ethical sale of up to 650 distressed mortgages” “ The sale of AIB’s Project Iris portfolio comes in advance of the much bigger and more controversial Project Oak portfolio sale. The latter will see the bank sell off up to 6,000 distressed loans, with an original book value of €1.3 billion, on the open market. The bank decided last March to postpone the Project Oak sale indefinitely – its first sale of non-performing private residential mortgages.” Link to Irish times article here: https://www.irishtimes.com/business/financial-services/aib-plans-ethical-sale-of-up-to-650-distressed-mortgages-1.4459601?mode=amp
schmittel wrote: » Agreed, but I think there is a danger of the question moving quite quickly from how do we make it happen to how we do we stop it? If inflation starts rising, it could rise quite rapidly when things open up. At that stage CBs may be in a bit of a bind, as raising interest rates will cause a lot of problems. I agree this is bullish for property.
Graham wrote: » There's a consensus forming that a few years of catch-up inflation might be desirable. I think the question is more 'how do we make it happen' rather than 'how do we stop it'.
Graham wrote: I think the question is more 'how do we make it happen' rather than 'how do we stop it'.
Timing belt wrote: They have no say it is the economic powerhouse of Germany and France that will dictate it.
Timing belt wrote: » Spot on... we are still seeing deflation in the economy not to mention inflation and the EU revised there forecasts for inflation down in January because of more lockdowns etc...
