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Off Topic Thread 5.0

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Comments

  • Moderators, Arts Moderators Posts: 36,495 Mod ✭✭✭✭pickarooney


    Sorry for your loss Dub



  • Registered Users, Registered Users 2 Posts: 8,819 ✭✭✭Dubinusa


    It's been a slog. She moved over in July and died 2 weeks late. A fcukin car accident. Dreading going to the house!



  • Registered Users, Registered Users 2 Posts: 2,002 ✭✭✭RichieRich_89


    Sorry for your loss.



  • Registered Users, Registered Users 2 Posts: 2,755 ✭✭✭ersatz


    Brutal. Sorry to hear that. I hope you and yours are doing ok.



  • Registered Users, Registered Users 2 Posts: 12,920 ✭✭✭✭stephen_n


    That’s awful. Sorry for your loss. Losing your mother is a really difficult one.



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  • Subscribers, Paid Member Posts: 45,377 ✭✭✭✭sydthebeat


    Jesus, that's awful. Really sorry for your loss dubinusa



  • Registered Users, Registered Users 2 Posts: 13,017 ✭✭✭✭aloooof


    That's awful, Dubinusa, sorry for your loss.



  • Posts: 2,519 ✭✭✭ [Deleted User]


    Really sorry for your loss Dubinusa, that's really awful.



  • Registered Users, Registered Users 2 Posts: 3,477 ✭✭✭kuang1


    Tragic news Dub. Thoughts are with you.



  • Registered Users, Registered Users 2 Posts: 7,900 ✭✭✭Dave_The_Sheep


    That's a rough one. Condolences Dublinusa. Can't imagine what that's like.



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  • Posts: 20,606 ✭✭✭✭ [Deleted User]


    Sincere condolences, that's very tough. Mind yourself.



  • Registered Users, Registered Users 2 Posts: 8,819 ✭✭✭Dubinusa


    Thank you all.



  • Posts: 20,606 ✭✭✭✭ [Deleted User]


    The state of politics in the UK is utterly mind blowing.



  • Registered Users, Registered Users 2 Posts: 8,819 ✭✭✭Dubinusa


    The state of politics world wide is mind blowing.



  • Registered Users, Registered Users 2, Paid Member Posts: 6,070 ✭✭✭jacothelad


    Trust in politicians and the government is made up of three key components: the idea that they are acting in your interest, that they are doing so competently, and that they are applying integrity to the task.

    The utterly moronic Liz Truss’s rise to PM was fuelled more than anything by a lack of integrity from Boris Johnson, accompanied by underlying concerns from the public about the Conservative party’s sheer corruption and incompetence.

    The ‘new’ government may have now completed the trifecta by clearly stating whose interests they are serving in response to these crises. Truss and her arrogantly imbecilic Chancellor have effectively shown that they are only interested in those who support them politically and financially. The shameless greed of these vermin is horrifying but still a huge portion of the electorate will still vote for these crooks and chancers. Truss said she was prepared to “be unpopular” to get her way. The reaction to her premiership so far at least indicates major success on that front. They have destroyed the credibility and finances of the nation over the last 12 years. They were aided sadly by Labour making the half-witted Corbyn their leader and becoming unelectable in ’19.

     

    Post edited by Boards.ie: Mike on


  • Registered Users, Registered Users 2 Posts: 7,900 ✭✭✭Dave_The_Sheep


    No. Some places, and in the western world two spring to mind, are far more mind blowing than others.



  • Posts: 1,300 ✭✭✭ Ashlyn Delightful Voter


    Anyone got any tips and tricks for flying Ryanair as a family of 4 (2 kids between 2 and 4 yrs old) ?



  • Posts: 2,519 ✭✭✭ [Deleted User]




  • Registered Users, Registered Users 2, Paid Member Posts: 3,349 ✭✭✭hold my beer


    Dublin airport security usually let you go through the fast track aisle with young kids. If they don't offer it, ask for it.



  • Posts: 1,300 ✭✭✭ Ashlyn Delightful Voter


    It is the only direct route choice, unfortunately.



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  • Posts: 2,519 ✭✭✭ [Deleted User]


    Is there any semblance of logic in the approach by the Central Bank in changing the mortgage lending rules?

    At a time when the ECB is actively tightening monetary policy, the Irish Central Bank are loosening it, and stuffing more debt into Joe Public.



  • Registered Users, Registered Users 2, Paid Member Posts: 3,349 ✭✭✭hold my beer


    It's aimed at 1st time buyers (plus a few edge cases of others), to make buying property more of a possibility. As long as it's not extended to everyone it's a good idea.



  • Posts: 2,519 ✭✭✭ [Deleted User]


    How though? There's no scenario where it doesn't have an inflationary impact on house prices?

    The FTBs who are trying to purchase a house are competing from those houses against (i) other FTBs who have just had their borrowing threshold increased by 0.5x of their income, (ii) Non First Time Buyers - who no longer need a 20% cash deposit (cut down to 10%), increasing the likelihood of that cohort attempting to buy.

    If you're getting outbid at 3.5x your income, that isn't going to change, because house prices are going to increase.

    The only factor that will dampen them considerably in the medium term is an increase in supply.



  • Registered Users, Registered Users 2 Posts: 12,920 ✭✭✭✭stephen_n


    It would appear for the most part they are competing with Funds, not FTB’s or even second time buyers. Inflation in the housing market is predominantly being driven by lack of supply and investment funds buying up what is available. It would seem to me that this decision will have little material affect on house prices or the ability of FTB’s to buy them.

    I was in Kuala Lumpor yesterday. I would say they probably produce more housing units in a month, than Ireland does in a year. Economies of scale and not something we can replicate but it sure as hell makes a difference to the housing market.



  • Registered Users, Registered Users 2, Paid Member Posts: 3,349 ✭✭✭hold my beer


    Anything that makes it easier for 1st time buyers to buy should be welcomed imo. The changes also bring our limits more in line with other EU countries from reports today. It's a long way from the madness that was going on in the noughties.



  • Posts: 2,519 ✭✭✭ [Deleted User]


    Yeah, but my point was, which you just seem to have ignored, is that it doesn't make it easier for first time buyers to buy.

    For those who could manage to buy before, they'll likely end up paying more for the property.

    If you couldn't afford it before the changes, this won't change anything because it isn't captive to first time buyers. The people who were outbidding you before will still be able to outbid you this time because they've also seen their borrowing capacity likely increase.

    The only thing that will make it easier for FTB is an increase in supply.



  • Administrators Posts: 56,559 Admin ✭✭✭✭✭awec


    Funds aren't much of a factor in buying houses, they're mostly in the apartment sector. There would not be a huge overlap between funds and FTBs as the majority of FTBs aren't buying apartments.



  • Registered Users, Registered Users 2, Paid Member Posts: 3,349 ✭✭✭hold my beer


    Likely? I'd say it's just as likely that prices will now start to come down.



  • Registered Users, Registered Users 2 Posts: 12,920 ✭✭✭✭stephen_n


    Surely that is exactly where FTB’s are more likely to be buying? What’s the average price for a 3 bed in Dublin now. About €433k. That is not the price range for a lot of FTB’s.



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  • Subscribers, Paid Member Posts: 45,377 ✭✭✭✭sydthebeat


    There is a signifcant problem in the housing market of large developments being bought up by social housing bodies straight from the developer. im involved in a few different projects where i am redesigning developments which have been granted planning permission, but the units are too large for social housing bodies to pay for, so redesignand new planning is required.

    whilst not specifically a "fund" problem, it is resulting in less housing being available to the open market. but conversely, shouldn't result in rising house price due to the mortgage ratio change announced today.



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