riclad wrote: » prices are going up, law of supply vs demand. people want to live in houses rather than apartments.you would think an economist would understand that. people need to live somewhere. not everyone can work from home. not everyone has a large spare room to turn into an office. mcwilliams does not seem to understand basic economics. and most people do not want to pay rent if they can get a mortgage at a similar cost per month. theres a tiny amount of houses for sale right now is there any reason to think house prices will fall in the near future ?
RichardAnd wrote: » In fairness, not everyone can do that. If one has a child on the way or is stuck paying high rent, it wouldn't be feasible to wait. For my own part, I'm "opting out" for the time being. I'll play the game when it's back to how it used to be.
Cyrus wrote: » this makes the sandymount house posted the other day seem expensivehttps://www.myhome.ie/residential/brochure/22-highfield-road-rathgar-dublin-6/4491242
DataDude wrote: » Wow, that is beautiful. The one on Gilford Road is actually more impressive in the full pics than it was in the article. Serious site. Would still prefer the one on highfield road though..https://www.myhome.ie/residential/brochure/28-gilford-road-sandymount-dublin-4-d04-yf77/4493918
Reins wrote: » I'd truely love to be able to take McWilliams advice but I can't. I'm looking to buy without a mortgage meanwhile wasting money on rent as each month ticks by and asking prices are increasing.
DataDude wrote: » Personally don't think they will fall much anytime soon. But in terms of a reason to think they might - Because most of those things you've stated above were equally true in 2019 and 2020...and prices were falling.
JohnnyChimpo wrote: » You pretty much have to compare specifically relative to 3Q2018 to make that claim, and even then only for Dublin. Unless you're just totally misreading a % YoY change graph but since you're calling yourself DataDude I'll give you the benefit of the doubt
TheSheriff wrote: » *If it's back to how it used to be. No guarantees.
Deleted User wrote: » In terms of year built, when exactly is the period when the quality of built apartments took a nosedive? 2000-2008? I've heard bad things about sound insulation etc, during a certain period of builds.
enricoh wrote: » Just reading the local paper here and house prices are gone up 12% in louth in the last year. And as mentioned earlier 12% of 25-40 year olds own their own house nationwide. There's gonna be some pressure on government coffers with people requiring social housing/ hap etc. You'd think the government would be trying to make housing more affordable but the opposite seems to be the case to me! I don't get it at all tbh.
Villa05 wrote: » Estate agents will use every trick in the book and innovate new ones. The know the supply demand dynamic and will maximise it to their benefit. With sale agreed before viewing they are building a database of that demand that is desperate and can be further exploited
CorkRed93 wrote: » Market is booming over there it aswell seemshttps://twitter.com/TheStalwart/status/1380531924243001345
PropQueries wrote: Sound insane? It’s Ireland so it’s entirely possible in a few years time and especially as we will have no wiggle room available for the next downturn IMO
bunny_mac wrote: » I wouldn't buy anything that was built after the 1980s. I own an apartment in what was always regarded as a 'quality' development, built in the mid/late 90s and we've recently found out that whatever the apartments are supposed to have to prevent a fire in one apartment spreading out to the rest of the building (sorry, have no idea, am useless when it comes to retaining this kind of info) is missing from all the apartments. So now we have to fork out an eye-watering amount of money to get all of this fixed before we can get full insurance cover on the block.
Hubertj wrote: I thought people were saying that home ownership was in decline? CSO stats seem to contradict this narrative. Can any of the experts here clarify?
Hubertj wrote: » https://www.irishtimes.com/business/economy/home-ownership-rises-across-state-as-numers-renting-falls-1.4533381 I thought people were saying that home ownership was in decline? CSO stats seem to contradict this narrative. Can any of the experts here clarify?
mcsean2163 wrote: » Really interesting, I wonder if ownership has increased in the relevant age bracket. The figures also point to a reduction in the number of people renting – in the capital and across Ireland. While the CSO said this decline may be overstated, the figures showed that almost 87,000 people left the rental market in Dublin in 2020 10,000 moved into council accomodation, meaning at least 67,000 left the Dublin rental sector. That's astonishing really that rents have remained high. It just goes to show what happens when REITs and council are working together.
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