Neighbour just put his house up for sale for €100k, great disgrace

ringadingding · 26-07-2011 01:42PM

I guess with the banks making that much on interest, no wonder they were so happy to let people mortgage themselves up the ass.

lastlaugh · 26-07-2011 01:47PM

Rabidlamb wrote: »

After getting no offers, or even viewing he's gone mad low ball he's lost the run of himself hoping to get some bidding going.
This is obviously going to attract riff raff & undesirables to the estate, we could do without that.
Admittedly it's only 50% of what we all paid for ours 6 years ago but I could have done without the reality check.

There's going to be couples in their early 20's having pre-marital sex isn't there.
Think I might have a word with him for the sake of our good name.

Hey. You are a Troll aren't you? I bet you just made up that story and added that 'riff-raff & undesirables' comment to create a sh!tstorm, didn't you? Ah yeah, I know your type alright. I'm reporting this and requesting you to be permobanned from boards.ie. How do you like taht?

sock puppet · 26-07-2011 01:48PM

North_West_Art wrote: »

worse than that..

interest on €360,000 for 30 years @ 4% = €253,399, so total = €613,399

http://www.itsyourmoney.ie/index.jsp?p=118&n=298

Though as pointed out that's not a very relevant figure at all.

TheMilkyPirate · 26-07-2011 01:53PM

lastlaugh wrote: »

Hey. You are a Troll aren't you? I bet you just made up that story and added that 'riff-raff & undesirables' comment to create a sh!tstorm, didn't you? Ah yeah, I know your type alright. I'm reporting this and requesting you to be permobanned from boards.ie. How do you like taht?

:rolleyes:

Rabidlamb · 26-07-2011 01:55PM

lastlaugh wrote: »

Hey. You are a Troll aren't you? I bet you just made up that story and added that 'riff-raff & undesirables' comment to create a sh!tstorm, didn't you? Ah yeah, I know your type alright. I'm reporting this and requesting you to be permobanned from boards.ie. How do you like taht?

The world will rest easier tonight knowing there's white knights like yourself to police the internet.
Report away my friend . . . . we're one step closer to utopia.
Should I wait by my PC for the Boards special branch & my pending waterboarding, think kindly of me, After Hours was meant to be a place of fun & banter . . . . sniff.
Never forget the Rabidlamb 1.

saa · 26-07-2011 01:57PM

OP, enjoy.

Rabidlamb · 26-07-2011 02:17PM

saa wrote: »

OP, enjoy.

Nope, nothing yet, I may as well go for lunch.
Looks like an extra helping of sour grapes & humble pie for me.
Anybody want anything ?.

cyrusdvirus · 26-07-2011 02:20PM

Rabidlamb wrote: »

Nope, nothing yet, I may as well go for lunch.
Looks like an extra helping of sour grapes & humble pie for me.
Anybody want anything ?.

A loan of your private assassin? Or failing that some lamb chops infected with rabies. Hot new girl in the office has a boyfriend that i need gotten rid of so i can offer my shoulders to cry on.

North_West_Art · 26-07-2011 02:21PM

sock puppet wrote: »

Though as pointed out that's not a very relevant figure at all.

relevant to those who took out 100% mortgages, of which there are many

sock puppet · 26-07-2011 02:31PM

North_West_Art wrote: »

relevant to those who took out 100% mortgages, of which there are many

No you misunderstand. It's not relevant because money in the future is worth less than money now.

Rabidlamb · 26-07-2011 02:32PM

gatecrash wrote: »

A loan of your private assassin? Or failing that some lamb chops infected with rabies. Hot new girl in the office has a boyfriend that i need gotten rid of so i can offer my shoulders to cry on.

Patience my young Jedi, this is a long ball game.
Stay in the Friends Zone for the next few months, she's new in the job & will be pleased to make new acquaintances.
The inevitable will happen with the boyfriend then BAM, low hanging fruit my friend, delicious.

maxxie · 26-07-2011 02:34PM

Dont worry mate, nobody would like to live next to you!

theteal · 26-07-2011 02:41PM

sweet jeazis, were people selling their sarcasm detectors during the bubble?

charlemont · 26-07-2011 02:47PM

mal1 wrote: »

House I'm living in at the moment is on the market for 600k. The estate agent got a phone call within a week from a concerned neighbour who wanted 'a word with him for the sake' of the good name of the street. Only in Dublin.

Ha, Thats priceless, You should sell it to Respond or a Homeless charity, Then watch the reaction..

North_West_Art · 26-07-2011 02:58PM

sock puppet wrote: »

No you misunderstand. It's not relevant because money in the future is worth less than money now.

apologies, I get you now

Solnskaya · 26-07-2011 09:56PM

3 times average wages for an average house used to be the rule? So 75k should be about right. But even as I post this, I see a rabid lamb smirking in the corner, there in the long grass, stroking its white cat and muttering "you fools, I have you now"

bnt · 28-07-2011 12:28AM

Solnskaya wrote: »

3 times average wages for an average house used to be the rule?

3x, maybe 3½x was the rule ... and it looked like the rule again last year, but the banks appear to have relaxed things since then. BOI's online calculator says a single owner-occupier on €50,000 p.a. can borrow up to €262,500: more than 5x income.

AIB talks about payments not exceeding 35% of your disposable income, which makes the calculations more complex. With some assumptions (5% compound interest, 1/3 to the taxman etc., 25 years) that works out to roughly 6x income - but circumstances may vary.

My opinion? 4x income is too much, and 25 years is too long. If that means I never buy a place in Ireland, I can live with that.

goat2 · 28-07-2011 10:37AM

can you emagine the strain the neighbour must be going through to have to put his or hers precious home for sale for a fraction of what it is worth, i would not worry about who is moving in, i would be more worried about the person who has to leave his home, and start again with nothing, and little hope of making any decent income,

bnt · 29-07-2011 01:10PM

goat2 wrote: »

can you emagine the strain the neighbour must be going through to have to put his or hers precious home for sale for a fraction of what it is worth

I don't usually like this FYP idea, but it seemed appropriate here.

An asset is worth what someone will pay for it. It really is that simple. We know it was worth more during the housing bubble, because they paid more, but it's worth less now because a buyer will pay less. If that sounds "unfair", and you think "someone must fix that" - what do you think Karl Marx was on about, 150+ years ago? It's been tried. From Das Kapital:

In every stock-jobbing swindle everyone knows that some time or other the crash must come, but every one hopes that it may fall on the head of his neighbour, after he himself has caught the shower of gold and placed it in safety.

goat2 · 29-07-2011 02:34PM

i am aware, that anything is only worth what we get for it, i also know people were overcharged for these houses, all i am saying is, to the person who is worried about what will move in, the man selling the house has more worries than thinking about who purchases the place, i wish him look, and anyway what 20 yr old has one hundred thousand, either they are stone broke going to in college, trying to get money together, or are out of work,

later12 · 29-07-2011 02:44PM

So the house costs €100,000 - what makes you think that some ruffian is more likely to offer €100,000 (if the house is actually considerably more valuable) than a regular law abiding citizen?

That isn't how a market works. And I really dislike the insinuation that there might be an inherent link between wealth and civil obedience.

goat2 · 29-07-2011 02:49PM

later10 wrote: »

So the house costs €100,000 - what makes you think that some ruffian is more likely to offer €100,000 (if the house is actually considerably more valuable) than a regular law abiding citizen?

That isn't how a market works. And I really dislike the insinuation that there might be an inherent link between wealth and civil obedience.

where here have i put wealth and civil obedience together, i dont come from wealth,

goat2 · 29-07-2011 02:50PM

later10 wrote: »

So the house costs €100,000 - what makes you think that some ruffian is more likely to offer €100,000 (if the house is actually considerably more valuable) than a regular law abiding citizen?

That isn't how a market works. And I really dislike the insinuation that there might be an inherent link between wealth and civil obedience.

where here have i put wealth and civil obedience together, i dont come from wealth, and i dont see a link between wealth and civil obedience, and anyway civil obedience come from the way we were reared, nothing to do with wealth

pappyodaniel · 29-07-2011 04:23PM

Such a dumb thread, the banks aren't giving homeloans to just anyone, I've been rejected recently so I know all about it. If I'd the money, I'd buy the property, lease it to the council and let them rehouse these 'undesirables' next door to you.

later12 · 29-07-2011 04:26PM

goat2 wrote: »

where here have i put wealth and civil obedience together, i dont come from wealth, and i dont see a link between wealth and civil obedience, and anyway civil obedience come from the way we were reared, nothing to do with wealth

So what do you mean by undesirables, and why should undesirables be more likely to pay €100,000 for a house (which you seem to think is worth more), than desirables?

goat2 · 29-07-2011 05:43PM

later10 wrote: »

So what do you mean by undesirables, and why should undesirables be more likely to pay €100,000 for a house (which you seem to think is worth more), than desirables?

it was rabiedlamb who mentioned the word undesirables, not me, and it is not something that i would use.
because i would rather welcome new neighbours, rather than look into their lives and pasttimes, i would rather neighbours as friends, better that way

Neighbour just put his house up for sale for €100k, great disgrace

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