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 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
...it's as if some people want this to happen!
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......
...then it's park bench time!
Wanting a crash is wishing ill on other people
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.
not being able to afford a home is a better than large numbers falling into difficulty and perhaps losing their homes
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.
Eh, 100% mortgage, bought your furniture with a credit card, spoofed the bank about your salary...property crash, oh s..t!
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