Aikens Village, Sandyford...worth the price?

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cotton eye said:
From the point of view of a recent FTB I have to say that I am more than happy with my decision to buy this year. OK only a fool would disagree that prices are falling but I wasn't buying as an investment, I was sick of renting and wanted a place of my own, I wanted to put my own stamp on my own place and to do up my own garden, there is a lot to be said for that. I intend owning my own house so I can ensure a roof over my 5 month olds head, I have been in a position before where the landlord has given us notice or put up rent unexpectantly. Yes I probably have negative equity now but I feel in 30 years time things will have improved and got worse again maybe a couple of times, it's cyclical right errrm ..........Dude :cool:
Re Aiken's Village I have Friends that live there and they love it, but they bought when they were first built so I guess they were Canny McSavvy.
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It is great that you are happy with your decision but that doesn't mean it was the best decision.
Even though you are happy with the purchase was the few extra months you have spent in the house worth the 10%-15% extra you paid for it?

Even though you have no intention of selling in the near future would you not rather have this €25k-€50k to spend on yourself rather than giving it to the developer and or bank over the next 20 years?
 
mercman said:
So treehouse if prices are dropping at 2% per month we should all wait 50 months and they will be giving houses away for nothing. It has to find a base level which is coming pretty close.
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While I'm not so sure about the 2% fall a month.... your maths are particularly special :)

You see if you lose 2% this month.... next months total will start back at 100% all over again.... like magic.... and then you lose 2% again, off this new 100%...
 
While I'm not so sure about the 2% fall a month.... your maths are particularly special :)

You see if you lose 2% this month.... next months total will start back at 100% all over again.... like magic.... and then you lose 2% again, off this new 100%...
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In other words, you never reach zero.

(Like halving something, it never reaches zero.)
 
magoko101 said:
While I'm not so sure about the 2% fall a month.
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Year-on-year to April, we're down 9.2%, and April saw a 1.1% fall. The March y-o-y was a 5.8% fall.

Given the time-lag in prices appearing on the list, an almost inevitable underestimation of the falls, and the apparent acceleration of the house price falls, I don't think estimating 2% pm was wildly over the top. Maybe a bit, but not much.
 
Treehouse said:
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Year-on-year to April, we're down 9.2%, and April saw a 1.1% fall. The March y-o-y was a 5.8% fall.

Given the time-lag in prices appearing on the list, an almost inevitable underestimation of the falls, and the apparent acceleration of the house price falls, I don't think estimating 2% pm was wildly over the top. Maybe a bit, but not much.
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I just wasn't focusing on the 2% drop prediction... more the inaccuracy of seeing 50 x 2% drops as wiping the cost out when in fact it would represent a 63% drop on the original rice.
And I for one would always prefer to have 37% left than nothing. :)
 
Treehouse said:
[broken link removed]

Year-on-year to April, we're down 9.2%, and April saw a 1.1% fall. The March y-o-y was a 5.8% fall.

Given the time-lag in prices appearing on the list, an almost inevitable underestimation of the falls, and the apparent acceleration of the house price falls, I don't think estimating 2% pm was wildly over the top. Maybe a bit, but not much.
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Add in the fact that no one seems to actually trust the PTSB index (is it not constructed from asking prices and not actual selling prices?) and I wouldn't say you're far wide of the mark
 
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