Do any of the bears on this post not wonder why builders are still paying record prices for land?? - the purchase of Dalymount park for €65 million as well of tens of millions for small parcels of land in Ballsbridge are just two recent examples. Surely these people and their coterie of highly paid advisers are clued into what is happening in the property market?
Do any of the bears on this post not wonder why builders are still paying record prices for land?? - the purchase of Dalymount park for €65 million as well of tens of millions for small parcels of land in Ballsbridge are just two recent examples. Surely these people and their coterie of highly paid advisers are clued into what is happening in the property market?
Do any of the bears on this post not wonder why builders are still paying record prices for land?? - the purchase of Dalymount park for €65 million as well of tens of millions for small parcels of land in Ballsbridge are just two recent examples. Surely these people and their coterie of highly paid advisers are clued into what is happening in the property market?
It would seem to me that much of the excellent analysis on this post is on why property should collapse. There is virtually no evidence of a collapse however apart from a few small price adjustments of properties that were probably overvalued in the first place anyway.
Do any of the bears on this post not wonder why builders are still paying record prices for land?? - the purchase of Dalymount park for €65 million as well of tens of millions for small parcels of land in Ballsbridge are just two recent examples. Surely these people and their coterie of highly paid advisers are clued into what is happening in the property market?
The biggest gamblers on property in ireland have been the biggest winners. Hence the above will continue for at least another 12 months.
Also I do think we should have more respect for Dell - they have provided alot of wealth and jobs to Ireland. The insane property market is not their fault nor is our rocketing cost inflation.
There is virtually no evidence of a collapse however apart from a few small price adjustments of properties that were probably overvalued in the first place anyway.
Out of interest Art having posed the question and gotten a number of (IMO) decent responses the most telling of which would be Remix's example from the US, have you changed your view at all or are the bulls as blind to bear arguments as we bears are accused of being to bull ones?
Also I do think we should have more respect for Dell - they have provided alot of wealth and jobs to Ireland. The insane property market is not their fault nor is our rocketing cost inflation.
Can someone do the math on this please (I'm no expert)? 405k over 35 years with rental income of 1050-1200 pm? Landlord subsidising tenant to the tune of several hundred euro per month - never thought I'd see anything quite as ridiculous as this. We have indeed "entered a new paradigm".
Out of interest Art having posed the question and gotten a number of (IMO) decent responses the most telling of which would be Remix's example from the US, have you changed your view at all or are the bulls as blind to bear arguments as we bears are accused of being to bull ones?
Do any of the bears on this post not wonder why builders are still paying record prices for land?? - the purchase of Dalymount park for €65 million as well of tens of millions for small parcels of land in Ballsbridge are just two recent examples. Surely these people and their coterie of highly paid advisers are clued into what is happening in the property market?
It would seem to me that much of the excellent analysis on this post is on why property should collapse. There is virtually no evidence of a collapse however apart from a few small price adjustments of properties that were probably overvalued in the first place anyway.
I never sought to give the impression that I was bullish. Quite the opposite. Indeed as you will see from other posts I have added elsewhere, I have put my investment property that I bought 5 years ago on the market. I was just curious to hear what people's opinion was. I do believe that there will be a crash for all of the reasons that have been outlined so eloquently elsewhere. However I do think that it is a good six months away.
The question I asked was I believe a valid one and was one that had not been raised before despite there being more than 2,400 posts.
I did a quick check and repayments on €400K would be ~1830 pm, so if he got a tenant then the subsidy would be ~800pm, add on insurance, fees, maintenance, rate rises etc. and the subsidy is over €1000pm.
I did a quick check and repayments on €400K would be ~1830 pm, so if he got a tenant then the subsidy would be ~800pm, add on insurance, fees, maintenance, rate rises etc. and the subsidy is over €1000pm.
The question I asked was I believe a valid one and was one that had not been raised before despite there being more than 2,400 posts.
Lol.It's philanthropy rather than investment.
Now 12k per annum is about 20k worth of salary? I'd sooner have this in a medium-high risk pension equity fund....
.......so why don't you?
The Poles and Lithuanians are here to lap up as much of this water as possible, before it all gets sucked down the plug-hole, along with the dreams and ambitions of literally tens of thousands of young Irish people with over-zealous expectations.
Once the water hole has dried up, it'll be time to move on to the next oasis.
....that there are much better ways of making money than being sucked past the event horizon that is the Irish property whirlpool of dreams.
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