New aparts for sale for 30 weeks average pay - will property go lower?

noxqs · 08-01-2012 09:34PM

JONJO THE MISER wrote: »

Some of ye guys have obviously never been in the states, in places like Texas mansions can be had for 250k and most 4 bed homes cost 90k at most.

Ahh shure haven't ye heard? Ireland is different!

*sarcasm*

Logical Fallacy · 08-01-2012 09:44PM

Property prices won't bounce back for a while thankfully.

People can't afford heavy mortgages, banks can't run the risk and no one is building houses and driving demand up anymore.

Lesson learned? Nope. But it will be about 5 years before people start making the same mistakes again.

washman3 · 08-01-2012 09:45PM

noxqs wrote: »

Ahh shure haven't ye heard? Ireland is different!

*sarcasm*

yip, exactly. "we are the gateway to Europe"
"we have a talented/educated workforce"
"we are english speaking"

and any other lines of bulls##t we want to believe....;)

jam_mac_jam · 08-01-2012 09:52PM

Yes we have hit the bottom, time to buy because completely worthless properties are cheap.

Toby Take a Bow · 08-01-2012 09:56PM

kowloon wrote: »

Let's turn a thread about apartments into another public sector vs. private sector ****about .

AKA a 'gigino' thread.

gigino · 08-01-2012 09:58PM

Kristopherus wrote: »

Those were 2008 figures. Knock 15% off and it will be fairly accurate.

doulikeit wrote: »

That can't be right average pub sec wage€ 48 000

It was over 49,000, its between 47 and 48k now, according to the latest government statistics ( they should know ).
http://www.cso.ie/en/media/csoie/releasespublications/documents/earnings/2011/earnlabcosts_q32011.pdf

According to the cso, average hours worked in the public service is 31.8 hours per week, and average weekly pay is € 906.81 Thats for quarter 3, 2011, the latest statistics available.

JONJO THE MISER wrote: »

Some of ye guys have obviously never been in the states, in places like Texas mansions can be had for 250k and most 4 bed homes cost 90k at most.

I've never been to Texas. Its a big place I believe. Would those properties @ 90k + 250 in Texas be 50 miles from civiliisation or in sizeable towns ? Any what are wages like in Texas ? Do people there get an average of the equivalent of 30 euro an hour ( plus pension when they retire of half finishing wage and 18 months tax free lump sum )? There are new 4 bedroom houses being sold in some parts of Ireland for 60k, I wonder how the Texas ones @ 90k compare to them ?

jam_mac_jam · 08-01-2012 10:00PM

You do know what an average is dont you? You do know that most people in the public service earn nothing like this?

gerryo777 · 08-01-2012 10:02PM

Kristopherus wrote: »

Those were 2008 figures. Knock 15% off and it will be fairly accurate.

Doubt that, sure there's been 3 if not 4 increments (pay rises to you and me) since..

Degsy · 08-01-2012 10:02PM

gigino wrote: »

It was over 49,000, its between 47 and 48k now, according to the latest government statistics ( they should know ).
http://www.cso.ie/en/media/csoie/releasespublications/documents/earnings/2011/earnlabcosts_q32011.pdf

According to the cso, average hours worked in the public service is 31.8 hors per week, and average weekly pay is € 906.81 Thats for quarter 3, 2011, the latest statistics available.

I've never been to Texas. Its a big place I believe. Would those properties @ 90k + 250 in Texas be 50 miles from civiliisation or in sizeable towns ? Any what are wages like in Texas ?

You dont actually have a job do you?

ShamoBuc · 08-01-2012 10:05PM

jam_mac_jam wrote: »

You do know what an average is dont you? You do know that most people in the public service earn nothing like this?

Sssshhhhhhh....doesn't suit his arguement.

gigino · 08-01-2012 10:06PM

noxqs wrote: »

Wait for the price database to go online - then wait a few months and check out the _real_ prices stuff sells for. With no transparency in the market and so much uncertainty - why bother now? It's not like prices will start climbing for years anyways.

There's nothing to loose for waiting longer.

True enough I suppose. I wonder is 29k the lowest price a modern 2-bedroom apartment is advertised for in Ireland ? Anyone know of new apartments which sold for less ?

Degsy · 08-01-2012 10:21PM

Here's a gaff in Dublin for 40k!!

Tusky · 08-01-2012 10:33PM

Rent prices don't seem to have come down much around Dublin. I've been looking for a 3 or 4 bed house close to city centre for 400 per person (1,200-1,600) and haven't been able to find anywhere nice.

MagicSean · 08-01-2012 10:35PM

Wait a minute. Are you telling me that if don't pay any bills or taxes for the next 30 weeks i can own my very own piece of **** in the middle of nowhere?

Where do I sign up?

CricketDude · 08-01-2012 10:38PM

KindOfIrish wrote: »

I'm not sure about property, but public sector pay will fall. I work on 2 privat jobs for 60 hours a week and my pay per annum is less than 48,000

Jaysus if I worked 60 hours a week id be expecting €150,000 a year at least.

Sky King · 08-01-2012 10:41PM

jam_mac_jam wrote: »

You do know what an average is dont you? You do know that most people in the public service earn nothing like this?

That's why for skewed distributions such as civil service pay, the median is often a more accurate estimator of what an 'average joe' gets because the high earners skew the distribution way out of proportion.

For example, nine low deck civil servants get in the reigon of 30 k a year, their boss (head of coillte) gets 400k.

This ten group of people has an average pay of 43k a year, clearly not representative of all the joes at the bottom of the ladder.

ronjo · 08-01-2012 11:22PM

Sky King wrote: »

That's why for skewed distributions such as civil service pay, the median is often a more accurate estimator of what an 'average joe' gets because the high earners skew the distribution way out of proportion.

For example, nine low deck civil servants get in the reigon of 30 k a year, their boss (head of coillte) gets 400k.

This ten group of people has an average pay of 43k a year, clearly not representative of all the joes at the bottom of the ladder.

That is truly awful maths

Sky King · 08-01-2012 11:26PM

Begod you;re right, it's wrong, but my point is still right. RIGHT?

what is it 67K average?

ronjo · 08-01-2012 11:34PM

Yep, I think its 67k

Nice pay for the bossman there.

bordsie · 08-01-2012 11:36PM

that's fine if you want to buy a place where your neighbours are all toothless simpletons with eyebrows on their cheeks. :rolleyes:

whiteandlight · 08-01-2012 11:46PM

Sky King wrote: »

jam_mac_jam wrote: »

You do know what an average is dont you? You do know that most people in the public service earn nothing like this?

That's why for skewed distributions such as civil service pay, the median is often a more accurate estimator of what an 'average joe' gets because the high earners skew the distribution way out of proportion.

For example, nine low deck civil servants get in the reigon of 30 k a year, their boss (head of coillte) gets 400k.

This ten group of people has an average pay of 43k a year, clearly not representative of all the joes at the bottom of the ladder.

You should see students faces when you show what an outlier does to the mean lol!

revell · 08-01-2012 11:48PM

an apartment in Longford? it is basically in the middle of nowhere. who what to buy it?:D

gigino · 08-01-2012 11:49PM

bordsie wrote: »

that's fine if you want to buy a place where your neighbours are all toothless simpletons with eyebrows on their cheeks. :rolleyes:

is that how you describe everyone outside the Pale ?

jam_mac_jam · 08-01-2012 11:51PM

Sky King wrote: »

That's why for skewed distributions such as civil service pay, the median is often a more accurate estimator of what an 'average joe' gets because the high earners skew the distribution way out of proportion.

For example, nine low deck civil servants get in the reigon of 30 k a year, their boss (head of coillte) gets 400k.

This ten group of people has an average pay of 43k a year, clearly not representative of all the joes at the bottom of the ladder.

Yes, I dont think he gets that though.

gigino · 08-01-2012 11:51PM

revell wrote: »

an apartment in Longford? it is basically in the middle of nowhere. who what to buy it?:D

its one of the biggest towns in the midlands. Presumably someone works in the midlands and so lives there too.

. That never occur to you ?

n.b. a 2 minute trawl on daft.ie brough up other properties in Donegal, Leitrim, Louth, Cork, Laois, Waterford city etc , all under one years salary.

jam_mac_jam · 08-01-2012 11:53PM

gigino wrote: »

its one of the biggest towns in the midlands. Presumably someone works in the midlands and so lives there too. . That never occur to you ?

Yes but if they were on 48k I think they would buy a house and not a completely worthless apartment.

Why would you live in an apartment in an underpolulated area? Where houses would not be much more. Jesus I am getting a headache from this.

Sky King · 08-01-2012 11:56PM

jam_mac_jam wrote: »

Yes, I dont think he gets that though.

300k afaik. And won;t take a 15% pay cut. The c2nt.

gigino · 08-01-2012 11:57PM

Sky King wrote: »

For example, nine low deck civil servants get in the reigon of 30 k a year, their boss (head of coillte) gets 400k.

There are approx 300 thousand public servants : the average is the average. Very very few of the 300,000 are on 300,000, never mind 400,000 a year. There are layers of middle management. Of course many people are on less than 48k a year. Something like 35,000 are on more than 80 or 85k a year. An average is an average.

Sky King wrote: »

300k afaik. And won;t take a 15% pay cut. The c2nt.

he could buy 10 apartments in Longford with a years gross pay. And 15 with his retirement "gratuity".
Thats not right either.

Badgermonkey · 09-01-2012 12:05AM

All those properties have the air of sheltered accommodation for Paedopods released under license. Mildew and regret jumping off every page.

gigino · 09-01-2012 12:07AM

jam_mac_jam wrote: »

Yes but if they were on 48k I think they would buy a house and not a completely worthless apartment.

Why would you live in an apartment in an underpolulated area? Where houses would not be much more. Jesus I am getting a headache from this.

Yes you can buy a house for not much more than an apartment. However some people prefer an apartment as there is no grass to cut, its sometimes more central etc. Young people on the continent generally live in apartments. The question is ; will houses + apartments drop much further ? Some are less than a years gross average public sector wage now. Will they drop to a few months salary ? When I was small I vagely remember an elderly relative telling me how his house cost x times annual salary at the time.....I think it was equivalent to 5 years wages but I'm not sure.

Its like people complaining about the price of a pint of guinness now. But you can say its e.g. 25 minutes work, same as it took to buy one when it cost 4 shillings.

New aparts for sale for 30 weeks average pay - will property go lower?

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