TobyHolmes wrote: » ok cool. point goes to you. you win. yay
Pelezico wrote: » What would get me is coming ho.e every evening to a property which I had paid more for than any of my neighbours. That house would become an object of hate if a fall comes our way. One thing is sure....the current situation is abnormal. The housing market is broken.
Pelezico wrote: » What would get me is coming home every evening to a property which I had paid more for than any of my neighbours. That house would become an object of hate if a fall comes our way. One thing is sure....the current situation is abnormal. The housing market is broken.
bubblypop wrote: » This doesn't make sense Why would it matter what the neighbours paid? Ridiculous way of thinking, no one would ever but a second hand house if they thought like this!
TobyHolmes wrote: » because if you both buy the same sweater. why should someone pay 50 euros and someone else pay 100 euros for that same sweater. the person who paid 100 euros is silly. they should just find another sweater.
TobyHolmes wrote: » yes exactly. i think from the perspective of a person who has lived in other countries and can see what those places offer in comparison to what you pay here for a house. i just cant justify paying a high price for something i deem to be of low value. yes i know market dictates it yadda yadda. in my personal opinion paying half a mill for a property you cant swing a hat in - is not worth it. and i'd rather pay that money elsewhere - in another country. but thats my opinion. im sure all the real estate agents on here wont like my comments but unlike them I dont have a vested interest. and i certainly dont believe some forum on boards.ie is going to influence opinion lol
Marius34 wrote: » like where? I don't know places with good opportunities of good paying jobs and low property price.
fliball123 wrote: » Well here is the good news no one if putting a gun to your head to buy so work away and buy or dont buy where or whenever you want Toby. I am sure everyone else will weigh up their own needs first before making their decision to buy or sell or not to buy or sell
Deleted User wrote: » I so fundamentally disagree with the last two pages. If someone sees a property in which they see themselves building a home and a life, then I would go for it even if it’s more expensive than you’d like. But that’s just me. The environment in which I want to build my life is more important than any other investments I might make. And some would have you believe that other investments outside of property have no risk? Which is palpable nonsense. Especially now with so much uncertainty coming down the track, and the fact that your cash is going to start losing substantially value as inflation rears its head Not suggesting that you should ignore the fact that prices are high. But I would not let me put that off buying the perfect home
TobyHolmes wrote: » did i judge you? i am giving an opinion. isnt that what a forum is. i was commenting on a post and giving my opinion. why is everyone so riled up about an opinion on property prices.
fliball123 wrote: » I am hardly riled up I am just saying that if you see no value great and that your no one is forcing you..
TobyHolmes wrote: » look to the US - you can buy nice homes at a reasonable price within an hour commute of a major city. Boston for example is commutable from providence, RI and new hampshire. NY is commutable from New Jersey and Connecticut. Washington DC is commutable from Virginia and Maryland. or elsewhere in Europe. Germany for example. just some ideas. its a huge world out there folks.
Marius34 wrote: » You don't need to spend half million for 1 hour commute from Dublin neither. For many it's not as easy to get job in US, due to the Work Visa requirements. I had more in mind Europe. What makes you think that Germany property price are cheaper in relation to Wage?
TobyHolmes wrote: » ok. but whats the point in saying it. i said throughout all my posts In my opinion, this is my opinion etc. what I said obviously annoyed you so you felt you had to remind me that no one is forcing me to buy a house. im perfectly aware of that. but thank you for the reminder.
Pelezico wrote: » Ok....it makes sense to me but everyone is different. It would really concern me if I overpaid. As I said everyone is different.
The economist also highlighted the fact that house prices are rising while the price of rentals are falling – a key signifier that it is time ‘not to buy’. ‘My take on Ireland right now is that in the last year, the number of properties available to buy has fallen by 40%. Why is this? Because at the start of the pandemic, the Government said ‘no viewing’,’ McWilliams said speaking on his podcast. ‘So you can’t view the house. So, therefore, would-be sellers are saying “if there’s no viewing, I won’t put the house up for sale” – particularly if they want to get a good price and move on.
bubblypop wrote: » And how does it make sense? One neighbour may have bought their house in 2007, another may have bought in 1997, another may have bought in 2019, do you see where this is going?
MacronvFrugals wrote: » McWilliams is divisive on here but interesting nonetheless..."David McWilliams urges house buyers to stop searching immediately as market is at ‘peak dysfunction’"https://extra.ie/2021/03/23/must-see/david-mcwilliams-urges-house-buyers-to-stop-searching-immediately-as-market-is-at-peak-dysfunction
Sierra Oscar wrote: » All of his points are spot on, but it doesn't change the fact that one of the core reasons we have a dysfunctional housing market with increasing prices is due to a supply crisis. Which is getting worse.
schmittel wrote: » There are lots of posters on here who say it doesn’t really matter what you pay for a house, if you can afford and will be happy there for a long time. That’s fair enough. But relatively recent history shows us that’s lots of people really really do care if they pay big money for a house and It is subsequently worth barely half what they paid for it. It’s a bit daft to argue with somebody because they’re price sensitive on the largest purchase of their lives. You might not be price sensitive but to suggest other people are silly to be is crazy.
fliball123 wrote: » yeah its quite easy for someone who probably has a nice big house worth well over a million with no mortgage to tell others dont buy now keep paying that insanely high rent. Yet there is a massive supply problem that is not going to be fixed anytime soon and when the world opens again and we start seeing immigration increasing into Ireland again we will have a need for more housing to be built
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