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Bought in 2006, now out of negative equity. Sell or stay?

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    #32
    johnp001
    Registered Users Posts: 658 ✭✭✭johnp001


    johnp001 wrote: »
    Anyone buying a non PPR will have already done so by the end of this month in order not to lose a large proportion of any capital appreciation. Cash buyers would mainly have been those buying non PPR property and my guess would be that the cash buyer is now gone from the market for the foreseeable with the expiry of CGT exemption.
    Tracker is good to have alright but NE can come back. If there was a sustained fall in house prices then house may become unsaleable again for a time until you have repaid more of the capital.
    kenmccarthy wrote: »
    It's all a bit like going into boylesports on a Saturday afternoon and betting on the geegees.....crystal ball stuff....I believe there's enough money in circulation to keep things where they are.....but who's to say how central bank rules will affect the market??
    Mr. teddywinkles wrote: »
    No offence what ur saying makes no sense. Ur sayin there's lots of cash buyers out there yet the 20% deposit thing will be a problem. Surely if ur a cash buyer 20% of the value of the property is not a problem.

    Good point Mr T. Are there any figures available on the proportion of cash sales that are for PPR?

    My assumption (without knowing what those figures are or if they are available) is that it would be quite low and that non-PPR buyers are going to be very thin on the ground in the immediate future due to CGT exemption expiry. This, together with the CB lending restrictions, would cast doubt on there being "enough money in circulation to keep things where they are"
    I don't think that this viewpoint is crystal ball gazing


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    #33
    kenmccarthy
    Closed Accounts Posts: 160 ✭✭kenmccarthy


    Sherry fitzgerald latest staement at lunchtime today....'all indications are property prices to rise further in 2015 due lack of supply and pent up demand'


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    #34
    mr_seer
    Registered Users Posts: 130 ✭✭mr_seer


    kenmccarthy wrote: »
    Sherry fitzgerald latest staement at lunchtime today....'all indications are property prices to rise further in 2015 due lack of supply and pent up demand'

    Breaking News - Property saleswoman says property prices will continue to rise, best buy now.... in other news demand for snake oil is expected to far outstrip supply in 2015, better buy snake oil now or miss out


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    #35
    johnp001
    Registered Users Posts: 658 ✭✭✭johnp001


    kenmccarthy wrote: »
    Sherry fitzgerald latest staement at lunchtime today....'all indications are property prices to rise further in 2015 due lack of supply and pent up demand'

    If I was in the OPs position I would be very reluctant to base my decision on the predictions of someone with a huge vested interest in property prices rising further.


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