Ghost towns !

asomeday · 01-05-2010 03:07AM

im curious as to whether the estate agents still give the hard sell '20mins from Dublin' ? ? ?

also just wondering whether anyone who bought silly little one bedroomed house or two bed apartment for the price of a trip to the moon could do a deal with the govt/banks to upgrade to an actual house,where there mortgages they are paying might be worth the value of the property they are living in... therefore all those horrible apartment complexes that are just a modern corporation flat complex can be demolished- the ones with the management fees and the lack of parking for residents & visitors alike ???

m5ex9oqjawdg2i · 01-05-2010 03:09AM

starbelgrade wrote: »

The so called "ghost towns" are in fact ghost estates. I can't remember the exact definition of how they are adjudged to be so, but it's something like an estate of over 40 houses with less than 10% occupancy.

The proposal to knock down houses doesn't apply to unnocupied houses, but to estates that are empty & incomplete and where the developer has either gone bankrupt or doesn't have the money to finish them.

In certain cases, it'd be cheaper to knock the buildings down, rather than complete them as their market value on completion would not be worth the investment.

That's my understanding of it, from what I've heard on Newstalk & Matt Cooper.

Ah ok, well that makes sense then. I thought for a moment they were speaking about completed accomodation.

Rothmans · 01-05-2010 03:18AM

Jesus, that ghost town prypiat is just like a map on Call of Duty 4:eek:

Seloth · 01-05-2010 11:37AM

A friend of mine in colledge is in an estate with himself and two others in the one house ha.

Dionysus · 01-05-2010 11:44AM

ScumLord wrote: »

Just about any estate built in the last 10 years will probably have to be knocked, the quality in them is appalling. I'm sure there's going to be plenty of work fixing them in the coming years.

This is one of the most true statements I've read on Boards. There is a huge issue here which is not fully in the public domain yet.

Wibbs · 01-05-2010 12:06PM

Dionysus wrote: »

This is one of the most true statements I've read on Boards. There is a huge issue here which is not fully in the public domain yet.

QFT. A mate of mine was house hunting a couple of years ago and brought along her dad, a retired builder and he was genuinely shocked at the build quality across the board. According to the chap among other things damp was a common and serious problem apparently. Dodgy mortar mixes too.

I say use them for sheltered housing and bulldoze the rest. We'll need to be at it like rabbits before we have enough people to fill them. Now there should be another population peak of house buying age coming along in 15/20 years, but even if that came along tomorrow, there would still be too many houses.

Mad. We may find ourselves as a country added as a modern example to the bottom of this wiki page soon enough. http://en.wikipedia.org/wiki/Tulip_mania

smellslikeshoes · 01-05-2010 12:11PM

generalmiaow wrote: »

Do we not need another 400,000 people to exist first?

I think we would find a hell of a lot of people to move into these houses once they get to the sort of prices they should be. These ghost town style estates in the middle of nowhere have a long way to fall still. When they get to the bottom there will be a lot of lower income people living with parents who currently can't afford a house of their own snapping them up for cheap.

Ghost towns !

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