Current public sentiment towards the housing market?

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We're "abnormal" ,are you listening Mr. Cowan ?
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We discussed this before and no one had any real recommendations as to what the govt should/could do to engineer the 'soft landing'. The consensus seemed to be that it's too late now, and any messing by the govt could be disastrous.
 
Its to late now and there is an election coming up soon ...maybe October...thats as long as they do not tax us all to prop the bloody banks up of course :(
 
Listening to noel ahern on radio today im sure they are up to something by telling speculators that they will be taxed out of it in future. Is he (and bertie by extension) trying to scare potential speculators into the market now (before the new taxes/anti speculator measures are implemented) to drive demand and prevent a crash pre election??

Any "investors " thinking of buying in next year or two may be rushed into buying in next several months to avoid any future penalties.
 
bearishbull said:
Listening to noel ahern on radio today im sure they are up to something by telling speculators that they will be taxed out of it in future. Is he (and bertie by extension) trying to scare potential speculators into the market now (before the new taxes/anti speculator measures are implemented) to drive demand and prevent a crash pre election??

Any "investors " thinking of buying in next year or two may be rushed into buying in next several months to avoid any future penalties.
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I don't think it's the "buying" they will need to worry about so much as the "selling".
 
all they can do is try to keep the next lot of flippers out of the market with some FUD , if they demonise the flippers enough with the FUD they may be able to enact some measures after the election.
 
whathome said:
I'm not sure if SherryFitz are using Daft yet - maybe they will in time if their contract from selling myhome allows them to. Quite a few EA's don't seem to use Daft. I really like it though - the two brothers that set it up are a breath of fresh air to Irish business.

Looks like they've taken inspiration from Whizzbang's www.pumps.ie :)
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*takes a bow*

I have something else in the works that will be of a lot of interest to viewers of this thread ;) .. more news to follow ;)
 
Glenbhoy said:
The consensus seemed to be that it's too late now, and any messing by the govt could be disastrous.
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The affordable housing initiative will be the great political smoke-screen - supplying thousands of young people with crappy houses in crappy locations bought off builders who realised they wouldn't sell.
 
thewatcher said:
We're "abnormal" ,are you listening Mr. Cowan ?

http://www.rte.ie/business/2006/0831/property.html

http://www.rte.ie/business/2006/0831/ecb.html
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For Trichet to use the term "abnormal" towards a member state is, well, highly abnormal . I don't think he's ever used such a direct term even in
describing economic conditions in countries such as Bulgaria. I expected the story to be plastered all over the country this morning but it seems to have been quickly dropped.

Short of walking up and down O'Connell street with a placard and a megaphone, I don't see how else he's going to get the message into
thick skulls that this mess is our own fault - we can't blame the Brits or the ECB for this one.
 
This article about Adamstown is from February this year - it reads like a sad joke now:
[broken link removed]

"Those anxious not to miss the boat at Adamstown would be advised to arrive early."

They're still trying to sell them six months later! ...and they've had to drop the starting price to €270,000.

I really like the reference to local infrastructure:
"Some infrastructure for Adamstown Castle is already in place, such as a children's playground and bus stop."

I'm not so sure we'll see queues at the launch of any new development this Autumn, unless they are organised and paid for by the developer.

I'm off now to put a booking deposit on an apartment, apparently there's already a bus stop somewhere nearby.
 
Remix said:
For Trichet to use the term "abnormal" towards a member state is, well, highly abnormal . I don't think he's ever used such a direct term even in
describing economic conditions in countries such as Bulgaria. I expected the story to be plastered all over the country this morning but it seems to have been quickly dropped.

Short of walking up and down O'Connell street with a placard and a megaphone, I don't see how else he's going to get the message into
thick skulls that this mess is our own fault - we can't blame the Brits or the ECB for this one.
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I think the fact that Trichet's statement hasn't made the headlines/editorials just reflects how abnormal the situation is here. We have a history of sweeping unpleasantness under the carpet, allowing problems fester and grow until they cant be ignored anymore. This particular Irish abnormality is past remediation. Trichet in his statement seemed resigned to the inevitable, having warned the government on many previous occasions.
 
Remix said:
I expected the story to be plastered all over the country this morning but it seems to have been quickly dropped.
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I expected to see it also - very surprised that it's been buried.

They ignore a direct reference to Ireland from the president of the ECB, yet the media here are happy to reprint press releases from EA's and other vested interest groups.

Next weeks release from Hanger and MacDowel:
167% of First Time Buyers are from outer space

"We've seen a huge increase in the amount of interest in Irish property from Plutonians. Since their asteroid is no longer recognised as a planet, they are flocking to pick up one and two bed apartments in the greater Dublin area."
 
How much of the market is actually FTB's?
And how much are investors?
Would be interesting to see a breakdown!
 
Duplex said:
I think the fact that Trichet's statement hasn't made the headlines/editorials just reflects how abnormal the situation is here. We have a history of sweeping unpleasantness under the carpet, allowing problems fester and grow until they cant be ignored anymore. This particular Irish abnormality is past remediation. Trichet in his statement seemed resigned to the inevitable, having warned the government on many previous occasions.
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THE IRISH MEDIA ARE A DISGRACE - the free press is an important facet of our democracy. By keeping silent, this freedom is being abused by the mainstream media - afaic, they have given in to the money-making machine that is the great Irish property pyramid scheme.
 
Well perhaps instead of blaming 'the gubbernent' or 'the Brits' the heat is being turned onto 'the meeja' but is that fair, either? The Trichet comment is published alongside the news that Irish borrowing is about to burst through the 300 BILLION........yet, that's BILLION ceiling. It's the responsibility for every adult to do their own thinking about the implications. Unfortunately I think there is a deeply-entrenched cultural 'redemption' myth, a child-like belief that "everyone's a winner" and the small-print (value can go down as well as up; large gain is associated with high risk) doesn't apply to "Me". Then switch to the EA's ads and badly-built properties at the edge of the concrete jungle have risen by five-figure numbers in just the last year.

It will be, very bad and very soon!
 
Marie said:
Well perhaps instead of blaming 'the gubbernent' or 'the Brits' the heat is being turned onto 'the meeja' but is that fair, either?
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I was just making the point that the media have been suspiciously silent. Perhaps they're brewing something? And besides, I've already made the point on this thread about the social backlash arising from a property crash - the blame game will go on for years.

Whatever about blaming a group or organisation after the event has occured, do you not agree that the media, by keeping silent, are neglecting on their responsibilities to a free democracy?

Marie said:
The Trichet comment is published alongside the news that Irish borrowing is about to burst through the 300 BILLION........yet, that's BILLION ceiling. It's the responsibility for every adult to do their own thinking about the implications. Unfortunately I think there is a deeply-entrenched cultural 'redemption' myth, a child-like belief that "everyone's a winner" and the small-print (value can go down as well as up; large gain is associated with high risk) doesn't apply to "Me". Then switch to the EA's ads and badly-built properties at the edge of the concrete jungle have risen by five-figure numbers in just the last year.

It will be, very bad and very soon!
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There'll be tears.
 
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