schmittel wrote: » whatever about conspiracy theories, in fairness he's got a point that journalism has got lazy. Whether that's by accident or design is another question!
Hulk Hands wrote: » I've said this already, there seems to be a serious amount of butthurt over his comments by people who have clearly not listened to what he actually said. With no viewings going on, houses aren't coming on-stream bar forced sells (older houses with elderly deaths). while demand is rising. Wait for this mini period to pass until viewings start and those that do want to sell start selling again, as well as construction starting again on new builds. People have seen a headline and ran with it I say this as someone who's actively going against his advice, admittedly on a new build we're getting without the seeming 'pandemic premium' tacked on.
Villa05 wrote: » I believe the advise was to stay out of the market until supply picks up. Covid has choked supply as vendors have been put off due to ban on viewings coupled with reduced supply of new houses Mc believes now is the best time to get rid of the worst properties, no value, thereby advises buyers to stay out of the market
Deleted User wrote: If prices are due to increase its funny advice not to buy now
Hubertj wrote: » It’s a conspiracy theory. Do you trust media reporting on anything?
cnocbui wrote: » Property prices are heading up globally and I think McWilliams is potentially doing people a great disservice with his distinctly questionable advice and assessments. He sounds like people in early 2017 advising people not to buy bitcoin when it was $2K 'it's too expensive, it's not worth that, it's going to crash, you'll lose it all.'
Villa05 wrote: » Journalism has got lazy and more copy and paste, you don't see much investigative journalism anymore. It's all press releases regurgitated. I just feel it is suspicious that this is news again 2 years after it was annonced. Conspiracy theory, this maybe but do you thrust media given recent history British media is openly labelled as either pro or nay Brexit Irish media has always been property bubble cheerleading tool
Hubertj wrote: » How do prices on 2nd hand vs new home compare? With reports of significantly reduced supply of new builds due to restrictions that impacts supply. However, there are clearly a lot of people holding their property back from the market for obvious reasons. So when restrictions are lifted etc what will net impact be on supply considering price differential new v 2nd hand etc. Also am I correct in thinking that 2nd hand homes are not eligible for HTB? That would also need to be considered.
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
Villa05 wrote: » Just a word of caution There appears to be a bit of news management over the last couple of weeks The rehashed Intel jobs announcement was plastered all over the media yesterday. It does seem unusual when the announcement was made and in the news in 2019 Is the state fearful that a post pandemic pick up might be sluggish. Have they information that might suggest this that is not available to others. Fear and greed drive markets, is the media driving the fear as they did in the last bubble pushing people into a panic to drive up the housing market. Once the panic is kick started it moth balls quickly The state paying silly money for housing and long term leases is buried in the commercial property sections of the media. This should be national headline news as it has to be paid for by all of us including ftb the state is competing against
‘Intel is back:’ New CEO’s plan to make chips for other companies excites investors Published Tue, Mar 23 Intel said it would double down on manufacturing, and invest $20 billion in two new chip factories in Arizona.
Galwayhurl wrote: » Anyone else notice the increase in prices of new builds on Daft over the last 24 hours? I saw a lot of increases, all of them yesterday. It's almost like it was coordinated. Very strange.
awec wrote: The BBC also had a piece on Intel yesterday that also spoke to their expansion in Kildare, do you they're in on it as well?
Ozark707 wrote: » Dublin?
Deleted User wrote: » If prices are due to increase its funny advice not to buy now
Wanderer78 wrote: » McWilliams recommending people not to bother buying now, due to these conditions, he's probably right to, brutal time for buyers
Hubertj wrote: » 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 wrote: » Just a word of cautionThere appears to be a bit of news management over the last couple of weeks The rehashed Intel jobs announcement was plastered all over the media yesterday. It does seem unusual when the announcement was made and in the news in 2019 Is the state fearful that a post pandemic pick up might be sluggish. Have they information that might suggest this that is not available to others. Fear and greed drive markets, is the media driving the fear as they did in the last bubble pushing people into a panic to drive up the housing market. Once the panic is kick started it moth balls quickly The state paying silly money for housing and long term leases is buried in the commercial property sections of the media. This should be national headline news as it has to be paid for by all of us including ftb the state is competing against
K.Hawksworth wrote: These aren't vested interests (like EAs) trying to hype the market either. Looks a certainty now that prices are going to keep rising over the next 1-2 years.
timmyntc wrote: » For the people treating housing as an asset rather than a home, there is no immediate need to sell Like any speculative asset, you aim to ride the growth to the top and sell at the peak. However once that peak is hit and prices begin to fall again, expect a lot of people to frantically sell and a lot more volume to hit the market.
K.Hawksworth wrote: » Are there that many people holding property as a speculative asset, (and not their primary residence) - enough numbers to flood the market and cause any significant impact to prices? I don't think so. A lot of small landlords (< 5 properties) have exited the market en masse over the last 10 years. They can't compete with the tenant favored legislation changes and massive REITs who can offset tax liabilities etc who are in for the long-term (foreign pension fund investments and so on)
fliball123 wrote: » Just out of curiosity for those on here thinking once covid is gone there seems to be some notion that we will be swimming in properties for sale. Where is this glut of properties going to come from.?
Wanderer78 wrote: » mcwilliams argument is sellers are sitting tight, so only sh1te houses are on the market, so buyers are bidding for sh1te houses, he reckons sit tight for another year or two, until building comes back on stream, makes a lot of sense, but i do appreciate its a sh1te situation to be in
fliball123 wrote: » Thats absolutely bonkers so now we have a situation in the country that you cant evict tenants and banks cant repossess houses..and people think there will be a glut of property after covid goes ... I dont think so
Cuddlesworth wrote: » Yeah, you don't leave. If and when it gets around to the court case(1+ year), do a sob story, pay a small amount, promise to pay more, the process starts again. Depending on the judge, or judges, and the naviety of the landlord, you can can go years in some cases.
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