Irish Property Market chat II - *read mod note post #1 before posting*

Of course the estate agent did. More offers higher price for them regardles.

Quite honesty I only went back to the UK because I have family there, and in this pandemic family connections were basically the only thing that could be relied upon. I got my Irish citizenship but seeing how long that took makes me wonder whether I would have been able to get a marriage visa for my then-fiancee. Answer was clearly no.

Ireland was a big part of my life but in the end i saw not future there 😢

Don't do this. Driving prices up as said before.

You kind of have to do it in the original posters scenario.

Only in a scenario where if I don't get my first choice and option 2 will suffice.

When we were looking the the estate agent wanted to show us a separate house she had in the area that we had no interest in. She timed it with a viewing appointment with another interested party.

You could see what she was at, drumming up fake interest in front of genuine interest. I told the other party what was going on just in case she was using us to extract more out of them.

Educate yourselves on estate agent tricks. This was when buyers were hen's teeth

Ah yes, because inflation only affects those who stand still.

Nothing to do with more money in circulation, record low interest rates, nope. Inflation is as a result of being too lazy to shop around.

Just install Fleming as taoiseach already, with all this hidden knowledge he can turn the country around

Really what can the government do about inflation. Borrow more money to give handouts to further fuel inflation. We can no longer use interest rates as they are controlled by the EU central bank.

To a certain extent Flemming is right the control of inflation is in the hand of individuals. Now some of what he is spouting was incorrect. Shopping around definately helps. Thinking that getting 10 euro off every 40 makes Dunnes the cheapest is a false understanding. But knowing the price of stuff and goings to Dunnes every second week and getting your ten euro off items that are similarity priced elsewhere will make savings.

Making sure you do not need to go to convenience stores. Take a lunch to work. Stay away from the deli. But managing you phone, electricity insurance spending can save a fortune.

Biggest problem is people may struggle with time to do things like this. One of the most interesting phenomenon's over the last 30 years is the drift to prepaid utilities or paying insurance over 10 months. Both add 25-30 % to the bills.

It's all down to budgeting to an extend. Yes energy has gone through the roof but the fact COVID drove it through the floor is not being factored in

I agree with most of what you say, but what does the covid lows have to do with current pricing of energy.

For example, home heating oil is approaching record highs in the middle of winter when its needed most. One year of respite is quickly forgotten by most folk who have since consumed that cheap oil.

Because it a lot of people disposables incomes seemed higher during COVID. People have come from a situation COVID where they struggled to spend money to where now we have inflation on top of them being able to spend money. They feel as if there freedom is gone

It amazing for the call for price controls on untilities and day to day items. We tried this in the 70/80's and it failed as it kept prices up.

Remember as well we have bought minimum alcohol pricing. This has again fueled inflation on a certain group of individuals. This is the cohort that often shout loudest.

His slab has gone up by 10 euro, the wife's two bottles of wine by 5-6 euro. There diesel bill may have trebled as one may have being working from home.

Really interesting one I heard was of a lad that has his own business and had an empty shed. When heating oil was at 43c/ L he filled IBC's with 10k litres of kerosene cost him 4,k because of the volume he bought. That is an extreme correlation of the difference between living hand to mouth and planning your spending.

So we are back to the magic money tree. We tried that I. The 70'.s, 80's, and noughties it ended in tears every time and will again. It means higher taxation at some stage. This means middle Ireland will pay for all the inflation.

that seems incredibly ambitious pricing. Even in the context of the current market.

You must also remember that during lockdown peoples spending habits changed whereby they spent more on goods than services. The weighting’s on the CPI didn’t change so any inflation on goods was understated in the CPI during that period and 2 years inflation showed up when spending on services returned leading to a higher CPI.

As the economy returns to normal the consumer is hit with a reduced disposable income and price rises leading to them feeling the effect of inflation. This then in turn has lead to the expectation that they will see further inflation which has lead to price increases as business raise prices so not to get caught on the wrong end of inflation.

Yes and I assume the name change/removing the street address on the adverts is to avoid people seeing what it sold for less than 2 years ago.

Max 200k renovations.

There was also never a market for the "well paid staff" of MNCs to pay London rental prices in the new build apartments like Capital Dock at €2.5k pm for 1 beds, €3k pm for 2 beds etc. Most normal MNC workers do balk at even €1k pm for a room in a pretty basic apartment in a city like Dublin.

Yes, Brazilians and other student-type / low-paid workers need somewhere to live as well as these better paid MNC workers but the demand only exists at affordable levels; not €2k+ pm for a place! I could see a decent sized employer like a PayPal or a Facebook make some sort of announcement regarding future hiring plans in Ireland the way things are going.