fliball123 wrote: » Have you any evidence of this or like all of your other statements the hamster in your head done a somersault and you put your post up?
PropQueries wrote: » And, as I've stated before, the current rental yields achieved by BTL landlords more than compensate for the risk of a tenant not paying their rent. .
Mic 1972 wrote: » Strongly disagree
PropQueries wrote: » A cash buyer buys a €400k investment property at e.g. 5% rental yield = €20,000 per annum. Over 10 years, that's gross income of €200,000 If that person decides to leave that €400k sitting in the bank = 0% maximum = €0 per annum Over 10 years, that's income of €0 If the landlord is incredibly unlucky and his tenants don't pay any rent for 5 years, after 10 years, he's still €100,000 better off (gross) than leaving it sitting on deposit. More than compensates for the "hassle" of renting a property IMO Even if he spends €50k over that 10 years on "improvements", "fixing things", replacing a €250 cooker etc. he would still be better of by the 10's of thousands after 10 years. Taxation doesn't come into it because he still wouldn't be paying any tax on the €0 he would achieve by leaving it in the bank. The "hard work" entailed in managing a property shouldn't come into play either as if he's a decent landlord, the property should be in good condition to begin with before he's letting it out.
PropQueries wrote: » According to the Irish Independent today: "Property prices rise in November despite pandemic" The last two paragraphs state "Currently construction has been halted. It is estimated that around 20,000 housing units will be built this year. But the Economic and Social Research Institute estimates that there is demand for 28,000 units." So, over the past several months, we have gone from different reports stating we require c.35,000 a year to 47,000 per year to 30,000 per year and now we're down at 28,000 per year... Link to article in Irish Independent here: https://www.independent.ie/business/personal-finance/property-prices-rise-in-november-despite-pandemic-39985075.html
Timing belt wrote: » I can understand the decline in Dublin with WFH but why has the Mid-West (Clare, Limerick and Tipperary) declined by 4.3%?
Mad_maxx wrote: » market is on fire , my sister and her husband outbid on a four bedroom refurbished house in Dublin 8 , they bowed out at 740 k
johnnyskeleton wrote: » So apartments nationally and houses outside Dublin and in SoCoDo up a small bit, everything else down a small bit? Property prices still down from October, 2018 peak? Certainly feels like there is a big disconnect between the CSO figures and the noises coming from estate agents and daft etc
Cyrus wrote: » you are ignoring the opportunity cost of investing the 400k into equities, bonds, gold, any other asset class. also gross yield is a nonsense, a landlord in that scenario will be paying 40-50% of that income in tax.
Timing belt wrote: » equities, bonds, gold will all have different risk profiles and premiums built into the yield that you need to take into account.
Cyrus wrote: » sure, but what im saying is the decision isnt buy a property or leave it sit in a bank account earning no interest.
random_banter wrote: » Was it this one by any chance? South Dublin is an absolute hellscape to be seeking in at the moment. We started looking a year ago and it's got worse and worse. We believe sellers of family sized homes are holding back until the pandemic is a little more settled. There is very little of good condition on the market and a high proportion of executor sales as those who have passed are the only ones wanting to put their home on the market right now! So bidding wars from desperate people such as ourselves ensue. Viewed a property in Dundrum at the weekend which was already over asking. Same type and size of house with similar condition was going for 560/570 at the peak in 2018 and already over 600k now, expect it to go to 620. We call it the pandemic premium. Many will say these are just anecdotal stories but they are becoming increasingly common, and data is always much later to follow. I've been tracking 100 homes up till now which have been on the market, I have asking prices for and I'm checking on PPR as they go up. Will be interesting when I have more data so see if we are proven right.
Zenify wrote: » https://youtu.be/z09OB9pxTWA This is a FT video asking the question if there is a stock market bubble? I hope people can see how this is relevant to property.
random_banter wrote: » Was it this one by any chance? https://www.myhome.ie/residential/brochure/294-south-circular-road-dublin-8-d08-py9r/4475288 South Dublin is an absolute hellscape to be seeking in at the moment. We started looking a year ago and it's got worse and worse. We believe sellers of family sized homes are holding back until the pandemic is a little more settled. There is very little of good condition on the market and a high proportion of executor sales as those who have passed are the only ones wanting to put their home on the market right now! So bidding wars from desperate people such as ourselves ensue. Viewed a property in Dundrum at the weekend which was already over asking. Same type and size of house with similar condition was going for 560/570 at the peak in 2018 and already over 600k now, expect it to go to 620. We call it the pandemic premium. Many will say these are just anecdotal stories but they are becoming increasingly common, and data is always much later to follow. I've been tracking 100 homes up till now which have been on the market, I have asking prices for and I'm checking on PPR as they go up. Will be interesting when I have more data so see if we are proven right.
Timing belt wrote: » Good Video and good explanation that Inflation could be the trigger to bring down the house of cards for all asset classes including property.
JimmyVik wrote: You got that out of a 3 minute video Dont know why people spend lifetimes and billions of euro trying to figure that stuff out
SmokyMo wrote: » There will be a lot of unfortunate people who will spend the rest of their lives repaying massive mortgages on properties that dont worth that.
