Believe it or not yes. For the average investor in shares, dollar cost averaging (ignoring market sentiment) has been shown to be one of the most consistent ways of making money. The stats show that on average investors who try and judge market timing do worse than those who don't - e.g. the market after the 87 crash recovered quickly, even while sentiment was poor.Got to disagree there.........Timing is Everything ! If I was to follow that kind of logic I should either just get in or get out of a market irrespective of events ???
check out the graph on this page showing our
"unparalled exposure to the construction sector"
http://www.finfacts.com/irelandbusinessnews/publish/article_10007496.shtml
Oh, yeah I almost forgot to mention. Expect a soft landing !
That may be the official line but I was offered 100% loan with them and I'm in IT. Didn't go with it by the way.
yeah, I was also offered 100% before I was fully qualified. I did go with it.
Got to disagree there.........Timing is Everything ! If I was to follow that kind of logic I should either just get in or get out of a market irrespective of events ???
To blindly attach yourself to any asset (even your own PPR) irrespective of how wild the value of that asset has appreciated don't sound like good sense to me.
Property in this town is completely out of sync with incomes. Either property falls drastically or Incomes rise dramatically. I've placed my bet.
I think it's already been well established that the ISE is highly dependant on the construction industry and banks. Should there be a bad outlook for these sectors it would wipe a lot off the stocks. Not surprising that Goodbody's would produce a scary looking report like this (23% of GDP in Ireland is construction related) and then still try to conclude that it's all looking good for the future.
Believe it or not yes. For the average investor in shares, dollar cost averaging (ignoring market sentiment) has been shown to be one of the most consistent ways of making money. The stats show that on average investors who try and judge market timing do worse than those who don't - e.g. the market after the 87 crash recovered quickly, even while sentiment was poor.
Believe it or not yes. For the average investor in shares, dollar cost averaging (ignoring market sentiment) has been shown to be one of the most consistent ways of making money. The stats show that on average investors who try and judge market timing do worse than those who don't - e.g. the market after the 87 crash recovered quickly, even while sentiment was poor.
And our GDP is skewed abnormally high due to multinational activity. If you express as a % of GNP the figure gets even worse !
Some building industry spokesperson was on Pat Kenny this morning (didn't catch who) suggesting another 80,000 builds next year.
Therefore if construction is 25% of GDP, construction must be 30% ( 25 * 1.2) of GNP.
http://www.rte.ie/business/2006/1004/housing.html
According to goodbodies we are building 21 homes per 1000 people and will exceed euro average in 2 and a half years. wonder if all the empty houses are being included?
http://www.rte.ie/business/2006/1004/housing.html
According to goodbodies we are building 21 homes per 1000 people and will exceed euro average in 2 and a half years. wonder if all the empty houses are being included?
http://www.rte.ie/business/2006/1004/housing.html
According to goodbodies we are building 21 homes per 1000 people and will exceed euro average in 2 and a half years.
Yes but person per household is decreasing due to less people getting married young, more divorces etc, i take your point but dont think its as simple as that but i do think we will have an oversupply soon (within a few years)I did the maths for this a while back, we already have way more rooms per 1000 people than the euro average, they just have more properties per 1000. I guess this comes from our historically larger families.
The numbers:
Ireland has the 2nd largest houses on average, with 5.3 rooms per dewelling. The euro average is 4.32 rooms per dwelling.
So if we have 410 dewllings per 1,000 people, at 5.3 rooms per dwelling we have, 410*5.3= 2173 rooms per 1,000 people
European average is:465 * 4.32 = 2008.8 rooms per 1,000 people,
So we already have way more rooms than the euro average!
On average European dwellings are larger than in Ireland, 90 sqm vs 88.3 sqm. but I dont' think building more tiny dwellings is going to help that figure much.
source of dwelling size data: http://www.finfacts.com/irelandbusinessnews/publish/article_10005314.shtml
Yes but person per household is decreasing due to less people getting married young, more divorces etc, i take your point but dont think its as simple as that but i do think we will have an oversupply soon (within a few years)
Do you believe we don't have an oversupply now?
I pure number terms we probably do have an oversupply but as bearishbull said it's not as simple as that due to demographics but also in the type of housing we are oversupplied in and other types we are undersupplied in... and more importantly where these are or are not located.
Yes but person per household is decreasing due to less people getting married young, more divorces etc, i take your point but dont think its as simple as that but i do think we will have an oversupply soon (within a few years)
Yes but person per household is decreasing due to less people getting married young, more divorces etc, i take your point but dont think its as simple as that but i do think we will have an oversupply soon (within a few years)
Good point, we certainly have an oversupply of small 1 and 2 bed apartments in crap locations with poor services and an undersupply of homes suitable for raising a family, however using this line of reasoning I fail to see how we will have an oversupply soon (within a few years).
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