S
SHARP
Guest
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.
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 ...
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.
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?
Laraghcon Lucan
Old price 790k (Previously reduced from 800k)
New price 770k
[broken link removed]
Laraghcon Lucan
Old price 790k (Previously reduced from 800k)
New price 770k
[broken link removed]
Please use: http://tinyurl.com/ when pasting big URLs
How long did it take you to think that up???I couldn't hear anything.....it's the sound of all those running feet....drown the sensible one out!
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.
[broken link removed]
* I am very scared about future Irish prosperity, thinking about changing job at the moment, and am lookin strongly at the public service.
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
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 ! -
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.
I wonder are Rico and Panzraam wolves in estate agents clothing?
I am bearish overall in the medium to long term
IMO we are looking at a long slow deflation of the bubble
I have to say that I am a bit surprised at being accused of being an EA given that I had just 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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