Current public sentiment towards the housing market?

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StoppedClock said:
House-building will continue to perform strongly for the foreseeable future underpinned by a strong economy and that the economy will continue to perform strongly for the foreseeable future underpinned by strong House-building.
He also added that House-building will grow for the foreseeable future as a result of the strong economy which will become boomier because of strong growth in House-building.

He concluded that ...
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This quote should be saved and used an an election poster by the opposition at the next election. The man clearly doesn't have a clue.

Another sad reflection of this government.
 
SHARP said:
I understand where you are coming from, but you also should take into account when people buy new homes, they are settling down and the "pints after work" culture ceases to exist.

There is also the fact of no drink driving that comes into the equation. A person who is single and in their early twenties will always have time to go for a drink after work, and socialise more than a person in their early 30's who have bought a house, are married/attached.
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Well I would disagree but I have a strong opinion on the DVD/pizza/comfort shopping lifestyle that we have created in Dublin. I am also attached but choose to still socialize in the city rather than become a regular at xtra vision. You have to see the scene in Stockholm during the week so see what point I am trying to make. Its goes beyond 'going for a pint' after work. But this goes beyond this thread.

(although for a different perspective on life check out the book 'how to be free' .Forget author but also wrote 'how to be idle' :))
 
darex said:
Liteweight the value in the argument is what counts not the number of people making it. If one lemming says there is a cliff ahead and stops while all the others tumble over - who do you listen to?
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How long did it take you to think that up???:D I couldn't hear anything.....it's the sound of all those running feet....drown the sensible one out! :(
 
Here's one at the top end which failed in the Auction Room.
Now for rent (€10k pm) or for still for sale (€6.6m).

€10K per month ! Might suit 27 promiscuous students willing to share - (5 in a bed !)

A full house and your still only yielding 1.5%.

Something's gonna give.....

http://www.daft.ie/searchrental.daft?search=1&s[cc_id]=ct1&s[a_id]=pc6&s[mnp]=&s[mxp]=&s[bd_no]=5&s[search_type]=rental&s[refreshmap]=1&limit=10&search_type=rental&id=425099

[broken link removed]

ps: 27 Palmerston Road - Link appears not be working
 
Laraghcon Lucan
Old price 790k (Previously reduced from 800k)


New price 770k

[broken link removed]
 
redo said:
Laraghcon Lucan
Old price 790k (Previously reduced from 800k)


New price 770k

[broken link removed]
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Is there anyway of finding out at what price the last similar house sold?
 
Hey - Joan posted a reply. Kind of wish that I had been more acerbic of her economic acumen, rather than give her a flimsey solution.

[broken link removed]

Oh, and Mark Keogh is just another handle.
 
liteweight said:
How long did it take you to think that up???:D I couldn't hear anything.....it's the sound of all those running feet....drown the sensible one out! :(
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But you get the point I hope - it the value in the argument that counts not the number of people making it. This is one of the key things that differentiates the people on this thread from the general public.
 
darex said:
But you get the point I hope - it the value in the argument that counts not the number of people making it. This is one of the key things that differentiates the people on this thread from the general public.
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I get the point Darex. But people on this thread are members of the general public! They're not a special breed, just people with opinions taking great pleasure in expressing them....and why not.
 
From redo's link to gunne report:

Going forward

The Naas market is expected to perform strongly based on
the weight of demand for property in the area and the fact that
the profile of the region will be further enhanced following the
Ryder Cup.

:eek:

And you're worried about Joan Bruton's economic acumen!
 
SPC100 said:
* I am very scared about future Irish prosperity, thinking about changing job at the moment, and am lookin strongly at the public service.
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I took it one step further! I just left the public service! off to foreign lands...

edo said:
A Few other observations while Im at it.
Im just back from a tour around eastern Europe and Israel as a vanguard unit of the next phase of the Irish Manufacturing industry - exporting jobs - outsourcing - from what I can see there wont be many companies who manufacture and source manufactured goods from Irish suppliers left in 10 years time - it will be drip,drip drip - I have been appointed to turn off the light and put myself on the last boat out!



EDO
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murray said:
blindjustice said:
hooray - a bullish post! :)
or three!
doesnt convince me though

I too have literally bet my PPR on a crash


well done 'blindjustice' welcome to the club ! -
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I sold in spring I spoke with an auctioneer who said that the market had slowed alot in summer 2005 and that i didnt pick up much in the Autumn until the 100% mortgages came out - he said this boosted things until after Christmas (bear in mind this is down the country NOT Dublin commutable) but slowed again in spring. Houses were taking alot longer to shift I was advised by the auctioneer to IN HIS WORDS NOW "take the money and run".

I am suprised that places like Lucan are getting the publicity about houses for sale increasing - its been happening down the country a while now. I always thought it will hit rural Ireland first and hardest but i think the publicity will be for places like lucan and will knock on down here and make rural places damn near worthless. Some can still sell down here if they are priced correctly but its been hypovolemic a while now leading to a crash that no defibrillator will restart.
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I wonder are Rico and Panzraam wolves in estate agents clothing?
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I have to say that I am a bit surprised at being accused of being an EA given that I had just said

I am bearish overall in the medium to long term
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And

IMO we are looking at a long slow deflation of the bubble
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Is that what passes for EA optimism these days?
 
Given that house prices are dropping, fairly significantly in some cases, makes me wonder is it better to have high interest rates and low house prices or low interest rates and ridiculous house prices?

Is there a big difference? Which is better all around? Perhaps it's the better of two evils to have high interest rates and low house prices.

Was it *better* before the property boom? Everyone seems to think the loads-of-dosh celtic-tiger pheonemon was fantastic and low interest rates were a Godsend and everyone jumping on the property ladder meant we were a progressive country and sure aren't we (now morelike weren't we) almost practically millionaires (on paper anyway). And sure isn't it all just grrreeeat!

Nonsense.

Did low interest rates = a bertie bowl type loss of sanity and decline into shameful greed. :eek:

For another topic perhaps?

Meanwhile, far as I can see, there were very few viewings in my area this week (Churchtown/Dundrum). Looks like autumn season is already over and out as many here correctly predicted earlier this summer.
A washout...like the weather!
 
robd said:
I mailed her on this earlier this morning. I have to say I got a prompt, corteous and detailed response clarifying her position. The quote in the IT was shortened. The full quote form the statement is below, which puts it a bit more in context. It makes more sense and she doesn't look so dumb. Seems the times took the bit they wanted.
/QUOTE]

Except she's ignoring the fact that since it was the unprecedented low interest rates that allowed the banks to lend unprecedented salary multiples to people to spend unprec..(you get the idea) amounts on houses that caused the boom, it follows that higher interest rates will reduce the borrowing and therefore spending capacity of people.
For some reason politicians, commentators, analysts etc are focussing entirely on how higher rates mean FTBs (especially) cannot borrow as much and so cannot afford to get on the 'ladder'. But nobody (present company excluded, of course) is pointing out that this is exactly what is needed - if no-one can afford to buy then either nothing gets sold or prices come down. Am I missing something??
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