CelloPoint
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thewatcher said:Whatever about the older generation,it's nothing as deep as that with the younger generation.Greed plain and simple "can't lose" etc.
thewatcher said:Whatever about the older generation,it's nothing as deep as that with the younger generation.Greed plain and simple "can't lose" etc.
autumnleaf said:Maybe the younger generation are just looking for somewhere to live. Old-fashioned idea, I know...
autumnleaf said:Maybe the younger generation are just looking for somewhere to live. Old-fashioned idea, I know...
autumnleaf said:Maybe the younger generation are just looking for somewhere to live. Old-fashioned idea, I know...
gidxl03 said:Stock markets have done well as economies have expanded. Oil is essential for this to happen. The trend of the last 60 years of strong stock market growth may not continue as oil reaches 200$ a barrel. At 80$ a barrel we can still fly to Italy for 50 euro. It is still dirt cheap!
Calina said:Quite a few of them are, but they can't afford suitable accommodation so quite a few of them buy what they can afford on the assumption of being able to trade up.
It's not wise and yet it's hard not to in the face of "you can't lose on property" and "you have to get your foot on the ladder".
Flying is currently dirt cheap because airline fuel is not taxed. This situation may not last.gidxl03 said:At 80$ a barrel we can still fly to Italy for 50 euro. It is still dirt cheap!
autumnleaf said:Flying is currently dirt cheap because airline fuel is not taxed. This situation may not last.
darex said:Disagree with most of what you are saying gidxl03 but you could well be right on the mark with this one. We are in completely uncharted territory due to the oil situation and stocks may no longer be a good long term investment. However what hits stocks badly will hit Irish property far worse so having any investment in Irish property (except for PPR) is questionable.
Tough call, you need to ascertain the interest element before you can compare rent and mortgage repayments.My mortgage is 1500 per month - i could rent the same thing for 1200 per month
murray said:I have (PPR) a property in Dublin worth around 600k , owe 285k only bought it 3 yrs ago. I think I should sell , get the equity safe and rent. My mortgage is 1500 per month - i could rent the same thing for 1200 per month - and I think property prices are going to decrease due to the massive supply of new property and interest rate hikes. Any opinions????
murray said:I have (PPR) a property in Dublin worth around 600k , owe 285k only bought it 3 yrs ago. I think I should sell , get the equity safe and rent. My mortgage is 1500 per month - i could rent the same thing for 1200 per month - and I think property prices are going to decrease due to the massive supply of new property and interest rate hikes. Any opinions????
whathome said:I wish I could sell to rent. Currently selling PPR and rental property to buy a bigger house. Despite the advantages of renting, Mrs. Whathome will not allow it.
beattie said:Well I can't see rents going up and mortgages certainly will so the differential will only increase in future months
murray said:So you think it is a good idea to 'leave the table' then ?? (I have a very understanding Mrs.Murray !!)
Glenbhoy said:Tough call, you need to ascertain the interest element before you can compare rent and mortgage repayments.
If you get out now and prices increase by another 10% in the next 12 months (not an unlikely scenario) you lose 60K, would that sicken you? It might, or you could be phiposophical about it all - the danger is of course if prices go up a little more you have difficulty getting back on the property ladder again. The other things to consider are transaction costs, ie stamp duty.
Truth to tell, if you are somewhere that you're happy to stay in for 10yrs, i would not advise selling.
whathome said:Yes - I think it's a good idea. Certainly a decision not to be taken lightly and even though the market is starting to unravel, it may fall for a few years before a sustainable recovery. You might be away from the table for a while. As 2Pack says - there is no harm in taking a profit.
whathome said:Yes - I think it's a good idea. Certainly a decision not to be taken lightly and even though the market is starting to unravel, it may fall for a few years before a sustainable recovery. You might be away from the table for a while. As 2Pack says - there is no harm in taking a profit.
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