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Fredser
Guest
All quiet - Andy must be at lunch
I'm sure he'll be back soon ..... with a few drinkies on board
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Guest111
Guest
I have sold my PPR to rent. There is plenty of examples here on why the crash/slowdown is coming - but some bears have families etc. - therefore not as easy to be as spontanious. I have secured what I consider to be v.strong money , happy to rent for a year or 2 (& save !)- then reassess.
May buy in Ireland when the dust settles - may emmigrate....
Your argument seems very agressive/ill thought out at times.... however , if I sell up and you hold out , one of us will have bragging rights sooner or later !
Best of luck anyway !
A brave move...we'll just have to see!
Just a quick sambo today...no liquid lunch!
Leave that for 4 bells
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JayDub
Guest
Predictions are not worth the paper they are written on. How many predictions from the 1990's were correct in regards to employment and house price growth in Ireland. Anyway countries such as Germany, France and Italy will have to open their employment markets to the eastern european accession countries in a couple of years time. How many Polish living here would jump at the chance to work in Germany, the same applies to the Czechs and basically all other eastern european non-nationals.
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JayDub
Guest
You need to refresh the page.
Although Germany,for example, will probably hold off for as long as possible but in 2011 they will have to allow total freedom of movement of labour and you've got to imagine that the Poles would much prefer to work there and go home all/most weekends than come to Ireland.
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JayDub
Guest
Estate agents are famous for this, I've seen a couple more examples this week,
Council may sue to block developers' name-change
http://www.unison.ie/stories.php3?ca=9&si=1712871&issue_id=14812
"Instead of trying to sell new homes in little-known Wyckham in south Dublin, auctioneers have decided to rename the area and call it Dundrum Point instead."
Mountseskin Court, Blessington Road, Tallaght
[broken link removed]=
You can drive up and download the Blessington road until you are blue in the face and you still won't find this development. Why, because it is built in Killinarden, built between the Killinarden Inn and the Killinarden Church.
room 305: "Whathome's point about risk is being misconstrued. If you bought ten years ago the income derived from the capital outlay compensated for the risk involved. Even with no capital appreciation in the property you making money - yields were about 10%. You could buy and make your money back in ten years, irrespective of the sale price. As such, whathome viewed it as a low-risk investment."
I don't agree with this. Income is only one part of the overall equation. Surely there could have been negative capital appreciation. Also, you would have had to fund the purchase paying the interest rate at that time (10%?). You can't focus solely on one undefined proportion of the overall return and say that is compensating you for the risk involved. It's only the overall net return that matters?? Sure 10 years ago, the rate you would got from a bank account (i.e. no, or nearly no, risk) was also a lot higher. So, the compensation for risk has to be judged in relation to that? I'm sure there are plenty equities today yielding 10% so the argument that you can make your money back in 10 years from those should also apply - I suspect however you wouldn't touch those equities with a bargepole. The income on those equities does not go towards mitigating the overall risk.
I take the point that well researched companies can be a safer bet, but it's still a long long way from minimum or no risk.
I don't agree with this. Income is only one part of the overall equation. Surely there could have been negative capital appreciation. Also, you would have had to fund the purchase paying the interest rate at that time (10%?). You can't focus solely on one undefined proportion of the overall return and say that is compensating you for the risk involved. It's only the overall net return that matters?? Sure 10 years ago, the rate you would got from a bank account (i.e. no, or nearly no, risk) was also a lot higher. So, the compensation for risk has to be judged in relation to that? I'm sure there are plenty equities today yielding 10% so the argument that you can make your money back in 10 years from those should also apply - I suspect however you wouldn't touch those equities with a bargepole. The income on those equities does not go towards mitigating the overall risk.
I take the point that well researched companies can be a safer bet, but it's still a long long way from minimum or no risk.
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Borderlord
Guest
I'm beginning to believe that the rate of posts coming from Andy Doof which are fast and furious are coming from a very idle EA office where by the employees following this thread and are e-mailing the guy who is doing the copying / pasting and submitting.. Lads this will not pay the wages, get out there and sell, sell, sell... I tell you... ha ha
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JayDub
Guest
I was getting ready to leave for an auction, just to get a feel for the sentiment here in Mullingar, low and behold the auction has just been cancelled. Most likely due to lack of interest.
http://www.daft.ie/searchsale.daft?id=136845&search=1
http://www.daft.ie/searchsale.daft?id=136845&search=1
I value property investments on yield.
For equity investments however I use a number of parameters to provide a safe margin so that risk is minimal. In my experience, these investments have also provided the best gain not just through income but capital appreciation. It's very basic but works very well. Low risk and a great return.
I have never used leverage on equities, I don't do options and never short anything.
The whole high risk = high return thing is rubbish.
Not necessarily, Irish property at the moment is very high risk but not very volatile. Just means it takes longer to loose your capital while providing some opportunity to escape on the way down. Too risky for me anyway.
Well in my estate there are two empty houses that have never been occupied. Then there are the 4 that people are trying to sell, one of which has been sitting at Sale Agreed for 6 months. I've no trouble believing there are 275,000 empty homes many of which are in high demand areas. For the record I live in Donnybrook in Cork, and a house in my area goes for 385k. So it's not like these are empty homes in the back of Leitrim or anything.
True, in a bubble when price decouples from fundamentals you have very high risk.
But in a rational market (liquid too I suppose) I would always associate volatility with risk, although this is probably simplistic.
Obviously the cost of money is a factor as well, my point is that when it comes to investing in property now, the risk to your capital is as great (if not greater) but the yield (to compensate for the risk) is no pitiful. Essentially the market is pricing the risk as being extremely low, hence the pitiful return. I believe this is extremely wrong and just shows how markets can be driven by sentiment rather than fundamentals.
As for equities, you can protect your capital through the use of a stop loss order and can avoid timing the market through dollar cost averaging. You also don't need to leverage to invest. None of which are available for property.
It is dangerous (for your capital) to assume that just because something is high risk, that it has a correspondingly high return. Otherwise investing in lottery tickets would be a good idea.
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topman
Guest
True - it's not nice to speak about chimps like that
Ya and whats wrong with busking..
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Guest111
Guest
True - it's not nice to speak about chimps like that
LOL...now that's funny!
Seriously, I have respect for qualified auctioneers but not for the spoofer in the 98 Golf and the cheap suit who shows up at a viewing and tells you they've had bids already...then a half hour later tells you the owner is keen on a quick deal and if you put in an offer he'll take it!
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