You inherit 100k. Name one thing you would invest it in and one you would avoid

dotsman wrote: »

But rental demand is not decreasing - it's increasing. And courtesy of the Central Bank it will only increase further. Rental yields are currently so high that, not only would a property investor make an excellent return today, but they also have a serious cushion against any interest rate increases (which won't happen for many years). The central bank is gambling on (with the massively curtailed credit) that domestic demand for property purchases will decrease and, thus, house prices will stabilise (they have a long way to go before that - some properties are still overvalued, others undervalued). However, foreign investors, who don't suffer from the central banks restrictions, could easily clean up, resulting in a huge shift in demographics in this country, with a huge proportion of the population destined to be permanently stuck in the rental market, paying rent to foreign landlords.

Rental demand is slowing. Furthermore it effectively depends on the rest of Europe not growing as it isn't natural increases in population which increased demand in dublin but immigration from the PIGS. A mere 14 months ago all was doom and gloom , now after one year of growth, we think we are out of the woods.

In fact all housing markets depend on credit. Most buyers in healthy markets are on credit. You are speculating about foreign cash dominating the market but that's not even true of London and there isn't any evidence here, except for the odd selloff by NAMA. The super rich don't care about apartments in Raheney.

Assuming that cash will continue to dominate the market is nonsense. Assuming that interest rates won't ever rise is nonsense. If QE works then the EU economy grows, and interest rates will rise and ireland, which has had the worst number of mortgage arrears in history will crash again. Domestic demand will crater.

Besides that the rental crisis isn't just going to continue even before an interest rate crash because the next election is going to shift massively to the left. It's easy to push developers to develop, just tax their unbuilt land, of which we have plenty. Every time property rises in ireland there are different reasons why "this time is different".


Not that a piddling 100k would buy anything in dublin anyway. Even if it helped you get the 350k loan someone mentioned you would need to earn 100k. Scrape all that together and you still couldn't get a 3 bedroom in any decent part of the southside.

This isn't academic for me. I lived in Bristol until recently and am selling the house I co- owned with a partner. After taxes I will have more than 150k in euro. In no way would I spend that in Dublin. Might as well set it alight.

Joe prim wrote: »

Invest in ;

Hookers or Coke

Avoid;

Hookers and Coke

The last thing you want is to be all bloated when you're trying to ride, it also rots your teeth.

Hilly Bill wrote: »

Irish Water, it seems popular

I-Winned in three.

I'd buy a motorbike, a tent and travel,bury the money in various locations, and become a kind of high plains drifter