Current public sentiment towards the housing market?

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Andy Doof said:
I know from my own situation I've a few properties of different types. all have obviously seen spectacular capital apprecation, which slowed, slowed more and has now stagnated or is moving a little. Am I worried? No. Will their value go down a little in the short term? Maybe but I don't think so. Am I insulated against a slump because I bought sensibly - I'd like to think so
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Good for you and congratulations of all of your success. Many bears here have made money through property. When you see spectacular capital appreciation you have to accept the some capital depreciation may also be possible - it's how markets work.
 
I just don't think there will be a crash...lampoon me, disagree with me. I love that. But at least hope I'm right...it's as if some people want this to happen!
 
Absolutely...I obviously don't want to see prices collapse but I'm prepared for it. The fact that I believe there'll be a soft landing is irrelevant.
 
Andy Doof said:
...it's as if some people want this to happen!
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This comes up every day. Some people may want it to happen - what do you care what other people want? Why would it bother you if someone wants a crash? You're ok, you bought sensibly right? So what's the problem with other people wanting whatever they want!
 
Unless interest rates hit 16% and we all lose our jobs...then it's park bench time!
 
conor_mc said:
How does this logic work? People who can't afford to buy in Dublin at present can move in when property slumps because their target home in central Dublin won't have slumped as much as their current home.

You're having your cake and eating it......
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Not quite
10% drop in 500k house = 50k drop
10% drop in 750k house = 75k drop

If there was a more extreme fall in values

50% drop in 500k house = 250k drop
50% drop in 750k house = 375k drop

The more extreme the fall, the easier trading up gets...
 
Wanting a crash is wishing ill on other people...not being able to afford a home is a better than large numbers falling into difficulty and perhaps losing their homes
 
DOOF your a nervous DOOFus. Even i can admit the game is up. Hope you cashed in on some of your properties while you could.
 
Why? On the 30 year time horizon I'm working to I reckon they'll outperform most things
 
Andy Doof said:
Absolutely...I obviously don't want to see prices collapse but I'm prepared for it. The fact that I believe there'll be a soft landing is irrelevant.
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Andy, can you give us a previous example of a soft landing in history?.....i can't.....

Why are you so sure that something that hasn't happened EVER in any housing market will happen now.....is it the luck of the Irish or something?
 
How is that ridiculous?!
A proper crash in the Irish property market will be a nightmare for a lot of people. Wanting to see one is therefore wishing ill on other people.
 
Andy Doof said:
How is that ridiculous?!
A proper crash in the Irish property market will be a nightmare for a lot of people. Wanting to see one is therefore wishing ill on other people.
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I'll repeat the question...
What has a property crash got to do with people losing their homes?
 
Eh, 100% mortgage, bought your furniture with a credit card, spoofed the bank about your salary...property crash, oh s..t!
 
I know family home protection legislation is pretty strong but it could happen!
 
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