D
Steo said:And Duplex is one of the most respected posters in this forum - again IMHO.
ClubMan said:S/he may well be but since the original poster is unregistered we have absolutely no idea/guarantee who s/he is.
Duplex said:What [would] happen in Ireland [if] sales in Dubin fell by a similar figure?
Duplex said:What would happen in Ireland if sales in Dubin fell by a similar figure?
The end game:
The stalemate will be resolved in favour of buyers. Why? Because in a stagnant market with cautious buyers there’s always more distressed sellers on the margin than distressed buyers. Prices in free markets are set on the margin, ask any 1st year student of economics. In any case, the marginal distressed seller- divorce, kids, job loss, higher interest rates- will have to accept whatever price they can get. They’ll have no choice because cash will be king and serious buyers will have tremendous leverage to ratchet trade prices down and down. As one distressed seller after another accepts a lower price the falls gain moment, more people go into neg equity, and sentiment goes well and truly ugly. This part of the sequence is swift and brutal. (Aside, my guess is because the economy here is so tied to property there’ll be a recession brought on by the collapse of prices and this will make things even uglier).
Unregistered said:Me - I tend to go by what a poster is saying rather than what name (usually phoney) they choose to register under
Gabriel said:Surely a london/Irish property thread would fall under this () category and therefore should be amalgamated into it?
MonsieurBond said:A lot of people look to the UK and London markets for clues as to what may happen with the Irish market.
Unregistered said:That's a very good point. We are lucky here in Ireland in the sense that we have the UK and several other countries that are like "canaries in the coalmine" for us. They are giving advance warning on how robust the global housing boom (or bubble) is to interest rate rises. The message is not very encouraging: Things are turning ugly
Unregistered said:If you really - hand on the heart - believe that house prices in Ireland will only go up and never go down then you shouldn't find it upsetting that someone else should think otherwise.
...sentiment appears to be shifting.
Your idea of a sensible factual posting is a posting that agrees with your viewpoint
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