2021 Irish Property Market chat - mod warnings post 1

24-03-2021 08:09PM

Does it not time completely close this thread because only we see is the same names simply putting water from from empty to empty ?

24-03-2021 08:10PM

[Deleted User] wrote: »

Does it not time completely close this thread because only we see is the same names simply putting water from from empty to empty ?

Good point

yagan · 24-03-2021 08:15PM

L1011 wrote: »

There are forums for discussing Australia, Living Abroad etc etc. This isn't one.

Are those of us who have lived abroad not allowed to draw on our experience in furthering discussion of the Irish market?

Please do not go the way of Ask About Money.

L1011 · 24-03-2021 08:24PM

yagan wrote: »

Are those of us who have lived abroad not allowed to draw on our experience in furthering discussion of the Irish market?

Please do not go the way of Ask About Money.

The posting on the last two pages did not even vaguely do that. People need to observe the topic of the thread and the title of the forum.

Do not reply to this post.

L1011 · 24-03-2021 08:26PM

Deleted User wrote: »

is the main castle lived in? Or a visitor attraction?

It would appear to be three other apartments.

There is no mention of management charges for grounds, and clearly if the former owners replaced the roof, there is no common maintenance of the external structure; but its up a long private road so there could easily be some significant ongoing costs that are not being made apparent.

Marius34 · 24-03-2021 08:37PM

schmittel wrote: »

And your opinion on this is?

Don't know the situation there in Cork, but overly that high hotel I see as a fairly good news for a City, from my point of view, it would be good to have another one around Gran Canal Dock in Dublin.

MacronvFrugals · 24-03-2021 08:53PM

Marius34 wrote: »

Don't know the situation there in Cork, but overly that high hotel I see as a fairly good news for a City, from my point of view, it would be good to have another one around Gran Canal Dock in Dublin.

Sure build another one in Grand Canal Dock and leave 81 out of 120 apartments vacant just like the one that's already there...

https://www.businesspost.ie/ireland/the-luxury-gap-hundreds-of-high-end-apartments-lying-empty-across-dublin-ac7da06c

TheSheriff · 24-03-2021 08:59PM

MacronvFrugals wrote: »

Sure build another one in Grand Canal Dock and leave 81 out of 120 apartments vacant just like the one that's already there...

https://www.businesspost.ie/ireland/the-luxury-gap-hundreds-of-high-end-apartments-lying-empty-across-dublin-ac7da06c

It looks like we might need them, with all the new MNC jobs being announced

:D:D e.g. workday --> https://www.rte.ie/news/business/2021/0322/1205326-workday-new-jobs-dublin/

Didn't someone on here say repeatedly MNCs were on the brink of completely pulling out of ireland, that it was a given and about to happen any day now? And that they'd collapse our property market with them?

hometruths · 24-03-2021 09:08PM

L1011 wrote: »

It would appear to be three other apartments.

There is no mention of management charges for grounds, and clearly if the former owners replaced the roof, there is no common maintenance of the external structure; but its up a long private road so there could easily be some significant ongoing costs that are not being made apparent.

This one seems to be two of the original four knocked together. Next door there are two apartments.

It's also only on 2 acres, which is not a lot for that style of house in that area, particularly at that price.

As the agent puts it:

Electric gates and 2 acres of gardens ensure a sense of space and privacy. However, the property is not isolated and neighbours will soon become friends.

L1011 · 24-03-2021 09:11PM

Its two of an original five according to the article, but without a floor plan for the others that aren't on sale, that can't be confirmed.

mcsean2163 · 24-03-2021 09:18PM

Pelezico wrote: »

Yes...I found out that too. Everything is more expensive here but we console ourselves by telling everyone we are the best workers and the most educated workforce in the world. Oh and the craic is great and everyone loves us too because of our unique and wonderful sense of humour.

As a returnee you have to learn fast to keep the gob shut and swallow all the bs about how wonderful Ireland is. Most of it is complete bs.

I was in Sydney for a while .... The history is awful, 90% of aborigines killed in around Melbourne in first 10 years. More rainforest knocked down in state of Victoria than in the Amazon rainforest in the nineties.

I dont hate the brutish vibe, better than stuck up ar###oles but it feels like a stolen country and wouldn't want to live there unless it was to help the aborigines.

hometruths · 24-03-2021 09:23PM

L1011 wrote: »

Its two of an original five according to the article, but without a floor plan for the others that aren't on sale, that can't be confirmed.

Also misleading that the equivalent article from 2015 sale says four apartments originally. https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/childhood-home-of-playwright-jm-synge-1.2234710

Either way, as nice as it looks, it wouldn't tempt me at that money because of the proximity of the neighbours. I'd reckon most with that budget in that area would be looking for detached.

Timing belt · 24-03-2021 09:24PM

mcsean2163 wrote: »

I was in Sydney for a while .... The history is awful, 90% of aborigines killed in around Melbourne in first 10 years. More rainforest knocked down in state of Victoria than in the Amazon rainforest in the nineties.

I dont hate the brutish vibe, better than stuck up ar###oles but it feels like a stolen country and wouldn't want to live there unless it was to help the aborigines.

The same happened in Galway on the 19th of July when it got liberated from Indians.

Graham · 24-03-2021 09:39PM

Mod Note

feel free to start a new thread if you'd like to continue the discussion of property in Australia/New Zealand/Mozambique.

24-03-2021 10:12PM

schmittel wrote: »

Also misleading that the equivalent article from 2015 sale says four apartments originally. https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/childhood-home-of-playwright-jm-synge-1.2234710

Either way, as nice as it looks, it wouldn't tempt me at that money because of the proximity of the neighbours. I'd reckon most with that budget in that area would be looking for detached.

Wow. No, if I’m paying that much I don’t want neighbours, especially ones that even the agent thinks you’ll get cosy with

PropQueries · 24-03-2021 10:31PM

Looks like Eddie Hobbs is trying to do his bit to solve the country’s housing “shortage”.

According to the Business Post, he’s “seeking to attract investors to put money into social housing projects”.

Link to article in Sunday Business post here: https://www.businesspost.ie/houses/analysis-murphy-flags-issue-of-social-housing-being-sold-as-a-financial-product-b5590427

Stark · 24-03-2021 10:36PM

Does it involve investing the money saved by not drinking lattes?

Yurt2 · 24-03-2021 11:07PM

When you see Eddie Hobbs jumping up and down trying to get in on the act you know it's a spiv feeding ground. A "new social housing market" - how about that for freshly-minted industry patter.

Atrocious deal for the taxpayer, and you can take it that if the shoeshine boy Hobbs trumpeting it, this is now the way of things.

https://www.independent.ie/life/home-garden/mark-keenan-is-social-housing-set-to-become-the-new-cape-verde-37483247.html

Pelezico · 24-03-2021 11:18PM

Yurt! wrote: »

When you see Eddie Hobbs jumping up and down trying to get in on the act you know it's a spiv feeding ground. A "new social housing market" - how about that for freshly-minted industry patter.

Atrocious deal for the taxpayer, and you can take it that if the shoeshine boy Hobbs trumpeting it, this is now the way of things.

https://www.independent.ie/life/home-garden/mark-keenan-is-social-housing-set-to-become-the-new-cape-verde-37483247.html

It will more than likely end in disaster for investors. I worked in social housing in UK a number of years ago. The returns for big investors are dismal.

There were excessive damages and tenants were disengaged and diaempowered. Never again.

Browney7 · 24-03-2021 11:21PM

Yurt! wrote: »

When you see Eddie Hobbs jumping up and down trying to get in on the act you know it's a spiv feeding ground. A "new social housing market" - how about that for freshly-minted industry patter.

Atrocious deal for the taxpayer, and you can take it that if the shoeshine boy Hobbs trumpeting it, this is now the way of things.

https://www.independent.ie/life/home-garden/mark-keenan-is-social-housing-set-to-become-the-new-cape-verde-37483247.html

I'm sure some of Eddie's investors in Brendan investments may reload....

An awful deal for the taxpayer but hard to blame investors getting some nice sovereign yield enhancement by providing a property for 20 years. The deal mentioned earlier in the thread with Standard Life in stoneybatter is the height of stupidity on the state's part but all in the name of keeping the debt off the balance sheet despite signing up to a 20 year lease with rents increasing at CPI.

PropQueries · 24-03-2021 11:25PM

Yurt! wrote: »

When you see Eddie Hobbs jumping up and down trying to get in on the act you know it's a spiv feeding ground. A "new social housing market" - how about that for freshly-minted industry patter.

Atrocious deal for the taxpayer, and you can take it that if the shoeshine boy Hobbs trumpeting it, this is now the way of things.

https://www.independent.ie/life/home-garden/mark-keenan-is-social-housing-set-to-become-the-new-cape-verde-37483247.html

Let’s put the cost of these long term leases to the taxpayer in perspective. Herbert Hill in Dundrum’s lease is up to €3,000 per month per apartment or €36,000 per year. There’s 87 apartments in that one block alone.

So, basically, that one deal alone is costing us the equivalent of nearly 80 additional nurses every single year.

Pelezico · 24-03-2021 11:31PM

PropQueries wrote: »

Let’s put the cost of these long term leases to the taxpayer in perspective. Herbert Hill in Dundrum’s lease is up to €3,000 per month per apartment or €36,000 per year. There’s 87 apartments in that one block alone.

So, basically, that one deal alone is costing us the equivalent of nearly 80 additional nurses every single year.

Your cost per nurse is just plain wrong.

hometruths · 24-03-2021 11:31PM

Pelezico wrote: »

It will more than likely end in disaster for investors. I worked in social housing in UK a number of years ago. The returns for big investors are dismal.

There were excessive damages and tenants were disengaged and diaempowered. Never again.

The beauty of these long term leases from an investors point of view is that the government takes on costs of damages, wear and tear etc.

Pelezico · 24-03-2021 11:34PM

schmittel wrote: »

The beauty of these long term leases from an investors point of view is that the government takes on costs of damages, wear and tear etc.

I used to walk into the properties with a housing officer.....always accompanied never alone and the mantra was....dont judge....never show shock.

I used to go home tormented every single day with feelings oscillating between fascism and socialism at the poverty and wasted lives.

Marius34 · 24-03-2021 11:35PM

MacronvFrugals wrote: »

Sure build another one in Grand Canal Dock and leave 81 out of 120 apartments vacant just like the one that's already there...

https://www.businesspost.ie/ireland/the-luxury-gap-hundreds-of-high-end-apartments-lying-empty-across-dublin-ac7da06c

1) Hotel is not same as Long term rentals.
2) This is an old news, and you trust to much in those numbers provided by some journalists.
3) We are in Covid lockdown times, whatever vacancy numbers is now in city center, it will go down ones lockdowns are over.

PropQueries · 24-03-2021 11:35PM

Pelezico wrote: »

Your cost per nurse is just plain wrong.

Probably

I know they’re paid a lot lot more than they let on to the lay person. Just trying to put a face on what these long term leases will be really costing us

PropQueries · 24-03-2021 11:43PM

Marius34 wrote: »

1) Hotel is not same as Long term rentals.
2) This is an old news, and you trust to much in those numbers provided by some journalists.
3) We are in Covid lockdown times, whatever vacancy numbers is now in city center, it will go down ones lockdowns are over.

When did the Covid lockdowns start? Because the Sunday Business Post reported back in February 2020 that there were “Hundreds of top-end apartments in Dublin are lying empty despite a chronic shortage of rental stock.”.

Link to Sunday Business Post article here: https://www.businesspost.ie/ireland/the-luxury-gap-hundreds-of-high-end-apartments-lying-empty-across-dublin-ac7da06c

Marius34 · 24-03-2021 11:45PM

PropQueries wrote: »

When did the Covid lockdowns start? Because the Sunday Business Post reported back in February 2020 that there were “Hundreds of top-end apartments in Dublin are lying empty despite a chronic shortage of rental stock.”.

Link to Sunday Business Post article here: https://www.businesspost.ie/ireland/the-luxury-gap-hundreds-of-high-end-apartments-lying-empty-across-dublin-ac7da06c

I have responded to the same link already.
Lockdown/restrictions started end of March 2020. 1 year ago

Hubertj · 24-03-2021 11:59PM

Yurt! wrote: »

When you see Eddie Hobbs jumping up and down trying to get in on the act you know it's a spiv feeding ground. A "new social housing market" - how about that for freshly-minted industry patter.

Atrocious deal for the taxpayer, and you can take it that if the shoeshine boy Hobbs trumpeting it, this is now the way of things.

https://www.independent.ie/life/home-garden/mark-keenan-is-social-housing-set-to-become-the-new-cape-verde-37483247.html

That’s pretty bad taste on his part. Didn’t he make a balls up with property in the past? Something to do with Detroit?

Villa05 · 25-03-2021 12:04AM

PropQueries wrote:

Letâ€™s put the cost of these long term leases to the taxpayer in perspective. Herbert Hill in Dundrumâ€™s lease is up to â‚¬3,000 per month per apartment or â‚¬36,000 per year. Thereâ€™s 87 apartments in that one block alone.

If you gave 3000 a month to the recipients of this housing, they'd forfeit all other state benefits for that income.

I'm sure there are many working families earning less than this which goes to show the lunacy of these schemes

2021 Irish Property Market chat - *mod warnings post 1*

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2021 Irish Property Market chat - mod warnings post 1