Current public sentiment towards the housing market?

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I think stuff like this is madness......nearly a million for a semid?
 
[broken link removed] one goes for auction tomorrow, close to the Bushy park apartment above, lets see how it goes!
 
kramer2006 said:
575K for a two-bedroom "shack" in Shankill. The 3 photos are even more laughable; one shows the golden sands (!) of Shankill beach. With this kind of madness, is it any wonder we are starting to see a correction?
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LOL the house must not be that impressive if only 1 of the 3 photos is actually taken inside the house. Not even Bob the builder could make a sand castle on that beach. What about the garden or should I say jungle...
 
whathome said:
and here's another three:

Example 3
Old Price €785,000


New Price €745,000 : Reduced by €40,000
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Example 4
Old Price €720,000


New Price €690,000 : Reduced by €30,000
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Example 5
Old Price €650,000


New Price €575,000 : Reduced by €75,000
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Alot of the reductions seem to be sherry fitz - at little at odds with uber economist finnegan
 
cjh said:
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I think stuff like this is madness......nearly a million for a semid?
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There's another one in Roebuck Downs for about 840k, I used to live there and I kid you not the build quality was so poor that we were woken by our neighbours alarm clock each morning.
 
Is the bubble really burst yet? and once burst, can a bubble re-inflate?

(first post, after long time lurking, hello people!)
 
Goldfinger said:
Is the bubble really burst yet? and once burst, can a bubble re-inflate?

(first post, after long time lurking, hello people!)
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Welcome Goldfinger, bullish or bearish? What prompted you to break your silence? Are you the same Goldfinger as on HPC?
 
I spent an idle 10 mins Google cacheing Enniskerry to see how the highfliers belt was performing... Oh dear oh dear...

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Unless I'm much mistaken:

5th July cache had this at €2.6 million
13th July at €2.4 million
Now at €2.1 million

Fingers crossed this pattern continues and by Xmas 2008 it's MINE ! ALL MINE!!!

Most of the 7 figure places I found round there have dropped recently. In truth, this may be an anomalous region since it must be tricky identifying the 'going rate' for one-off builds. But still...
 
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Those last few properties really show how crazy our property market has got. I mean a 3.4 bedroom semi for nearly a million and a very small house/cottage for nearly 800k.

How anyone can buy these for that money, really is beyond reasonable thining, I mean it really is?

Do these people not take a step back and actually think of what exactly their money is buying????

I hate to say it, but a person who pays 900k for a semi d really does deserve to get burned, because its just plain stupidity.
 
cjh said:
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I think stuff like this is madness......nearly a million for a semid?
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Or for 1 million and 375,000 thousand.....you get a dormer semi
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Can somebody stick up a few prices of Semi-D's in London, in comparable areas to the ~€1m property Dublin house above.
 
Properties dropping by "bertie small" amounts of up to €75,000!!!That is shocking!!!

Drops of 5,000 here and there and people could comment on it being a soft landing, but €75,000!!! ........Im in shock that these increasingly number of properties losing their "value" is not all over the papers, airways, tv???
 
SHARP said:
Properties dropping by "bertie small" amounts of up to €75,000!!!That is shocking!!!

Drops of 5,000 here and there and people could comment on it being a soft landing, but €75,000!!! ........Im in shock that these increasingly number of properties losing their "value" is not all over the papers, airways, tv???
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The Indo is usually a few days behind this thread.....
 
StoppedClock said:
Welcome Goldfinger, bullish or bearish? What prompted you to break your silence? Are you the same Goldfinger as on HPC?
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I broke my silence, because this is such a good day. I've been fobbed off for years by my family for renting instead of buying, and finally I might be proved right all along. I'm a bear, with an inner bull waiting to let loose ;)

No, I'm a different Goldfinger, but I've been reading HPC and globalhousepricecrash for a while now.

I really like to comparisons between the cached price, and current price :)
 
phoenix_n said:
Have you noticed any pressure on the lower end of the market ?
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yes - all price ranges and areas in Dublin have been affected. The lower end took longer to show price drops but I think that's because price drops can be negotiated around the original asking on a lower end property without having to re-advertise.

5% of 350,000 = €17,500, no need to re-advertise as some offers might come close enough to original asking to do a deal.

5% of 800,000 = €40,000, probably need to re-advertise
 
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