Cyrus wrote: » He isn’t and nor was he
mcsean2163 wrote: » Oh must of got that mixed up. His grandmother's from Dalkey? He talks of his Croatian home here.http://www.davidmcwilliams.ie/croatia-wins-at-football-loses-in-economics-the-opposite-of-ireland/ He's been talking about stuff for ages. Lately he's been recommending we borrow loads. He also recommended guaranteeing the banks etc. In the GFC.
mcsean2163 wrote: He also recommended guaranteeing the banks etc. In the GFC.
mcsean2163 wrote: » He's been talking about stuff for ages. Lately he's been recommending we borrow loads. He also recommended guaranteeing the banks etc. In the GFC.
Shelga wrote: Serious question- why are EAs still listing properties like the above for €275k when they know it’s going to sell for €300k+? I predict that one will sell for about €320k.
Beigepaint wrote: » I like how McW drives discussion at least. I’m sure he or at least his researchers read this thread to see the opinions of the entrenched. I’d really love if he ran with the citizens assembly on housing idea.
yagan wrote: » He didn't recommend the blanket guarantee that Lenehen Jr came up with. What he proffered was a bank shut down and dividing of bad loans from good loans, letting the banks like Anglo sink. What we got was Lenehen giving the banks a blank cheque to continue as they were (SF voted for it too) but eventually the sate itself was bankrupted two years after. Many people honestly believed that we could reinflate the bubble with the bank guarantee. Where I would criticise McWilliams was his later solo run about ditching euro which meant leaving the EU. He never likes being reminded of that.
mcsean2163 wrote: » He came out later to say his idea was a two year guarantee, i.e. time limited.
yagan wrote: I remember him distinctly railing against the blanket guarantee as it wasn't the shut down model he proffered on the early 90s Swedish banking crisis.
Shelga wrote: » https://www.daft.ie/for-sale/terraced-house-65-edenmore-crescent-raheny-dublin-5/3156146 Serious question- why are EAs still listing properties like the above for €275k when they know it’s going to sell for €300k+? I predict that one will sell for about €320k. Is it to generate interest? If so, is it not just creating more work for them, because they’ll have loads of initial bidders who’ll quickly drop out. I don’t even bother enquiring about places like that anymore, even though I could easily afford the asking price.
Stark wrote: » Friend of mine sold a house a couple of years ago and was told to put an asking price that was lower than valuation on it in order to generate interest/bids.
virginmediapls wrote: » The arse is falling out of the property market in Ireland within the next 18 months. That is all.
gourcuff wrote: » just cant see it, housing is still in high demand and supply is drying up, unless unemployment goes to 20% and banks shut up shop... and i am certainly not a property market PR guy
yagan wrote: » Drying up? We're in a pandemic with a 5km travel restriction nationwide and almost half a million workers on pandemic payments. There is little that's quantifiable at present.
schmittel wrote: » If you agree that the govt and funds have easy access to cheap credit, presumably you'd agree this credit has been in the market long before 2021? The funds have been very active since about 2013.
fliball123 wrote: » Some EAs go in with a strategy of listing below to drum up interest and a bidding war it also makes them look a lot better if they have achieved 40k over asking instead of 20k
Cyrus wrote: » i question this to be honest, we did it a few years back selling an apartment and while we eventually got the price we wanted it took an absolute age to sell. it was more appealing to downsizers given the size and location so thats what we had bidding but they were all super cagey and bidding in 1k increments. we would have been better just listing at what we wanted rather than telling someone who bid the asking, no we wont sell for that.
fliball123 wrote: FTBs are rampantly looking at second hand property meaning they will be losing some of the state aid that they would be entitled to if they bought a brand new house.
fliball123 wrote: » Well its a completely different market out there today I have heard tales from one or two friends of property being up for less than 2 weeks getting 40/50k over the asking and 20/25k over the sellers wanting price and both were cash buyers. I am also looking at the "currently buying or selling" thread on here and it seems to be the most one sided market seen in at least a decade buyers have poor choice and no new housing coming on stream, FTBs are rampantly looking at second hand property meaning they will be losing some of the state aid that they would be entitled to if they bought a brand new house.
LasersGoPewPew wrote: » The ECB won't allow interest rates to rise given the state of European economies. Employment in 'high' earning sectors like financial services, IT, legal, health, engineering won't be affected. People working in these sectors will continue to support the market. Supply is low, demand is high so a collapse won't happen. It's not like the end of the celtic tiger where there as an oversupply and a credit crunch. People are not getting 100% mortgages like they were in the naughtys.
