schmittel wrote: » 50,000 a year is madness. He's allowing 10,000 a year for obsolescence which is insane. He says this is conservative! His other assumptions are equally bonkers.
mcsean2163 wrote: » Does anyone know if there's been a positive or negative immigration in 2020? I'm assuming negative but maybe I'm wrong? Given it's now peak selling season but we're lockdown, we may not see houses coming on the market until June and probably many will miss the boat preferring to enjoy the summer holidays. So my guess is a tsunami of property this time next year. Islandbridge new luxury development ... empty. Grand canal dock... empty. People have the economy and probably won't be coming back, so there should be a surplus of supply next year. I that about right?
decreds wrote: » Agreed, he talks an awful lot of dribble. Just because he called the last crash doesn't mean he is right with all his predictions. Doesn't help with the endless Trump bashing on his podcast before you actually get to the content. The best way to fix this market is raise interest rates and let the house of cards correct itself. That method won't happen anytime soon though so it will more likely be self sabotage when SF come to power.
PropQueries wrote: » Interesting ECB survey on what EU citizens think of the ECB low interest rate policy was reported last month on RTÉ but went under the radar. The survey was performed by the ECB. “more than half of the 3,960 participants saying the ECB's policy had a negative impact on them and just over 10% finding it positive.” “A third said an ECB-fuelled rise in asset prices was "filling the pockets of those who already have financial wealth". “Roughly half of the respondents came from the Netherlands or Germany - two savings-rich countries where these problems have been felt more acutely” Some interesting comments from some of the people who completed the survey as well. Link to article on RTÉ here: https://www.rte.ie/news/business/2021/0209/1195965-ecb-survey-on-interest-rates/
schmittel wrote: » Serious time warp house in Greystones for 1.275m Interesting to see what this goes for. On the one hand 283 sqm detached on guts of an acre in Greystones is always going to be worth a few quid, but by the looks of that house you'd probably be better off knocklng it and starting again, bringing your costs up to near enough 2m. Not convinced that street is worth 2m. I wonder is it priced to try and carve three or four sites out of it.https://www.myhome.ie/residential/brochure/greenways-manor-avenue-greystones-co-wicklow/4487256
DataDude wrote: » This is sale agreed at €1.375m a few hundred yards away. Given the money the other one we need pumped into it, I don’t see how Greenways is worth the asking. Unless, as you say, it’s attractive to developers rather than home buyers.Both ‘kind of’ in the Burnaby...but not really.https://www.myhome.ie/residential/brochure/kircullen-kinlen-road-the-burnaby-greystones-co-wicklow/4448661 EDIT - FYI since mentioned by another poster. Whitshed Lodge has been up a while without much interest. One offer as of a couple weeks ago but described as ‘derisory’ by the EA and wouldn’t disclose the size of the bid. Whitshed also a much much more sought after location/address
DataDude wrote: » This is sale agreed at €1.375m a few hundred yards away. Given the money the other one we need pumped into it, I don’t see how Greenways is worth the asking. Unless, as you say, it’s attractive to developers rather than home buyers. Both ‘kind of’ in the Burnaby...but not really.https://www.myhome.ie/residential/brochure/kircullen-kinlen-road-the-burnaby-greystones-co-wicklow/4448661 EDIT - FYI since mentioned by another poster. Whitshed Lodge has been up a while without much interest. One offer as of a couple weeks ago but described as ‘derisory’ by the EA and wouldn’t disclose the size of the bid. Whitshed also a much much more sought after location/address
schmittel wrote: » Nearly but not quite the Burnaby. My thoughts exactly. Doesn't seem like that long ago that 1.25m went a long way in premium Burnaby. Whitshed Lodge is great location but odd house I thought. Also seem to remember looking at it on google earth and thinking that kitchen windows (or some windows) seemed to be wide open onto neighbours boundary.
HansKroenke wrote: » Even if split into 3/4 sites, how would it make money at 1.25m? Maybe a block of apartments? These are the only other two houses in that price range in Greystones on MyHome;https://www.myhome.ie/residential/brochure/whitshed-lodge-whitshed-road-the-burnaby-greystones-co-wicklow/4470307https://www.myhome.ie/residential/brochure/kircullen-kinlen-road-the-burnaby-greystones-co-wicklow/4448661
Cyrus wrote: » 1.375m seems a lot for that given they were keeping the single story annex but greystones prices are properly bonkers !
DataDude wrote: » It’s a monstrous house in the Burnaby (kind of) and one of the rare ones that’s been modernised. Distant sea views, nice south facing garden. I expected it to make more - I think the significant road noise + the granny flat being retained are the only reasons it didn’t. Agreed though, prices in that part of Greystones in particular are incredible.
awec wrote: » The Greenways one has the potential to make a really interesting house for someone, but you would need really deep pockets. Was it previously used as an old folks home? The hall is enormous. Absurdly large. All the rooms are absurdly large actually. There's a TV in one of the photos that I reckon would qualify as an antique!
schmittel wrote: » Bedroom 3 is 7.3m x 4.54m!!! According to ad it has been home for same family for past 40 years. There something a bit depressing imagining the kids leaving home, and a couple rattling around in those giant rooms, growing apart simply because of the travel time within the house!
Hubertj wrote: I haven’t got a clue what way prices will go. I still don’t understand why they haven’t fallen.
Hubertj wrote: Fully agree with the conversation around taxation. Sadly this country won’t have a mature conversation around this due to the outrageous populism which has engulfed Irish politics. Not the forum to go into it here.
cnocbui wrote: A grown up conversation in my eyes would be how Ireland is going to wean itself off low corporate tax as a competitive measure for attracting foreign employers and instead stimulate local home grown employment.
mcsean2163 wrote: Does anyone know if there's been a positive or negative immigration in 2020? I'm assuming negative but maybe I'm wrong?
mcsean2163 wrote: » Does anyone know if there's been a positive or negative immigration in 2020? I'm assuming negative but maybe I'm wrong?
Yurt! wrote: » You did a search on asking prices. There is not a snowballs that segment is going for on or under asking. Your argument falls apart pretty quickly on that score.
thefridge2006 wrote: » slightly off topic but where can you find out what TD owns what? or their other investments?
A property group that lobbied the Government for a shared equity scheme has admitted that the scheme, now a part of the Affordable Housing Bill, may lead to an increase in house prices. Property Industry Ireland (PII), a property arm of Ibec, wrote a discussion paper with a proposed structure for the scheme last year.
PommieBast wrote: » Hard to say. I'm guessing there is still a lot of people like myself who are officially in Ireland but in reality are overseas, which complicates the picture..
