Current public sentiment towards the housing market?

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phoenix_n said:
Thanks for keeping tabs on me.
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No problem - I suppose if people come on here making extremely leftfield predictions for the property market (or any other market) it is worth remembering them so that the same people can't start chanting different predictions two weeks later...otherwise we will all get every call right!!
 
beattie said:
How have they being bypassed?
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If you sold a proerty in the early 1990s it would have been done through and by an EA who would only take maybe 2 houses in an estate at a time. Now you have <cough> websites where you can do it yourself !!!!!!

Therefore EAs cannot stem a flood of panicking spcuvestors dumping their gaffs like they could have up to 10 years ago.
 
Apologies in advance as I know we are not supposed to put stats on this site. However I noticed that the number of houses for sale on DAFT today is approaching 17000. This seems to be a considerable jump from the 14000+ I recall in earlier posts.

I guess the question remains is DAFT just getting more popular or is there an inventory build up taking place?

EDIT: Looks like they were doing a mopping up operation during the past hour. The figure has settled to just over 16000 now
 
A friend of mine told me at the weekend that one particular institution is now dealing with a large amount of repo's and they are getting busier by the day.
Not trying to be vague but I won't mentioned the company's name for obvious reasons. Seems that is happening already.
 
CapitalCCC said:
No problem - I suppose if people come on here making extremely leftfield predictions for the property market (or any other market) it is worth remembering them so that the same people can't start chanting different predictions two weeks later...otherwise we will all get every call right!!
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Well I dont believe i changed my predictions but you seem to be more interested in shooting the messenger than the message so i shall leave it at that.

2Pack said:
you did say 40% by christmas Phoenix :p nahhhhhhhhhhhhh that won't happen. The EAs are a selling cartel in Ireland and can finesse pricing to hide slumps for up to 2 years by not dropping below certain thresholds and sticking there .

The problem is that the selling cartel has been bypassed as I explained elsewhere so the EA selling cartel do not have the power to finesse this downturn as they did previous ones.
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2Pack. You seem to repeat this but if someone has to sell they have to sell. Not sure if you quite understand all the fundamentals of the market but there is no 'conspiracy' when it comes to Irish property.
 
phoenix_n said:
Well I dont believe i changed my predictions but you seem to be more interested in shooting the messenger than the message so i shall leave it at that.



2Pack. You seem to repeat this but if someone has to sell they have to sell. Not sure if you quite understand all the fundamentals of the market but there is no 'conspiracy' when it comes to Irish property.
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You did change your prediction - a few pages ago you predicted a 40% fall by Christmas, I only picked it up because today you were predicting that the significant fall would not be seen until August 2007 - are you saying that these two views are consistent with each other?

Maybe you understand "the fundamentals" so well that you can see the consistency in those two statements!!
 
I understand that a 40% fall by Christmas is impossible? Thats pretty fundamental is it not ???

Phoenix also predicts a fall of c.75% by an unspecified date here
 
its all starting to converge,
rising interest rates cutting the affordability of ftb's.
massive over hang of vacant properties.
80-to 100 thousand new builds coming on line.
investors taking their profit(gotta know when to fold!)
speculators ditching money losing properties.
american housing bubbles starting to pop. ie, florida. san deigo, boston. when america sneezes the whole world catchs a cold.
because the stock markets are very unsettled at the moment, alot of investors held back from offloading property but now i think that they would prefer to have the cash in a bank account until the dust clears.
all this in my humble view which could be totally wrong- but the evidence is there for all to see,what you do with it is up to yourself.
now -who wants to pay 400k for a 3 bed 1200sq foot house in a crowded estate without any green areas or parking? bearing in mind it might be worth 390k the week after you move in.
paddy last -whereforth art thou?thou brave foolish lemming.

full of doom and gloom today.
independent lemming breaking from the pack.

as for people changing their predictions-the wise man changes his view according to evolving facts,the fool never.
 
thefisherman said:
as for people changing their predictions-the wise man changes his view according to evolving facts,the fool never.
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So what fact has changed that lead someone that predicted a 40% fall by Christmas to now predict no significant fall until Aug 2007?

Oh sorry, I am just a fool for not seeing the wisdom!!
 
CapitalCCC said:
So what fact has changed that lead someone that predicted a 40% fall by Christmas to now predict no significant fall until Aug 2007?

Oh sorry, I am just a fool for not seeing the wisdom!!
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Again i was specifically mentioning certain stock would decrease by xmas and i have not changed my view on this. I dont want to go on as this thread seems to have worked it course but you do understand that property can be a highly illiquid asset so the 'true' value is only realised on final sale. Just because you put it on the market for 400K its true value may be finally assessed at 250K.
 
CapitalCCC said:
So what fact has changed that lead someone that predicted a 40% fall by Christmas to now predict no significant fall until Aug 2007?

Oh sorry, I am just a fool for not seeing the wisdom!!
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first of all, it is not my place to defend phoenix-he can do that himself,i just pointed out that he is entitled to change his views,
secondly, using quotes out of context is a funny way to score points ,if thats what you are doing.
anyway theres no need to call yourself a fool, see the wisdom in that?
i dont think anyone here has any definite answers -we are just throwing our pennys worth into the discussion,
my view is worth the same as yours.
nothing
 
40% by Christmas - I just do not see it happening.

Should you find an example of a place that was trading at €400k this year changing hands for €250k or less before Christmas THEN please feel free to come on this website and should "I told you so" at me.
 
I think that if you review the posts you will find that this is the quote:

thefisherman said:
as for people changing their predictions-the wise man changes his view according to evolving facts,the fool never.
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that was utterly without any context.
 
CapitalCCC said:
I think that if you review the posts you will find that this is the quote:



that was utterly without any context.
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really?another of your selective post. seems to me you are being thick today? read the entire post and you will see it was in context. you made the point that phoenix had changed his predictions,i pointed out that people are entitled to change their minds,you took this as a dig at you when it was not.
 
Stop being personal.
I questioned a property bear going from calling a 40% property price fall by end of this year (I am a bear too but that statement stunned me), to calling a crash occuring in August 2007.

My question remains.
 
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