It is interesting, and insightful the few views offered here to reflect the topic title. I respect those views even as oddball as they are to each other, it exposes to some micro extent thow each of us is exposed to the 'market'.
Stock markets are hitting all time highs, bond yields at all time lows, property prices in capital cities hitting highs again.
Where is all this investment coming from? 2-3% growth rates?
Galway
From December 1996 to December 2017, the total cumulative return of the S&P500 (with dividends reinvested) was 473%.
Judging by the CSO and earlier PTSB/ESRI indices, Dublin house prices have increased by less than 200% over the same period.
Galway
From December 1996 to December 2017, the total cumulative return of the S&P500 (with dividends reinvested) was 473%.
Judging by the CSO and earlier PTSB/ESRI indices, Dublin house prices have increased by less than 200% over the same period.
Europe and Japan have been long due a recovery. When you see the ftse 100 index still not much higher than its level at the turn of the century 18 years ago. Yes there have been big gains over the last year in european indices but they were long overdue. Is the big risk now in the bond market with interest rates set to keep rising for years to come.
I bought a 3 bed house in Fairview in December 1997 for €185k . In 2007 identical houses were selling for €700k . This month an identical house sold for €595k .
We are certainly close to the highs of 2007.
It is interesting, and insightful the few views offered here to reflect the topic title. I respect those views even as oddball as they are to each other, it exposes to some micro extent thow each of us is exposed to the 'market'.
Stock markets are hitting all time highs, bond yields at all time lows, property prices in capital cities hitting highs again.
Where is all this investment coming from? 2-3% growth rates?
the point made is that most stock markets with exception of US are only taking out the highs that were hit in 2000, 18 years ago, hardly a bubble, but you are concerned. On the other hand you have bitcoin which has risen 2000% in a few years and that in your view is not a concern and is worthy of your investment dollars. Is that not an "oddball" viewpoint.
I accept your point that our views are formed based on how much we have invested in a particular investment.
Galway
From December 1996 to December 2017, the total cumulative return of the S&P500 (with dividends reinvested) was 473%.
Judging by the CSO and earlier PTSB/ESRI indices, Dublin house prices have increased by less than 200% over the same period.
You're quite right - that should read 423%, not 473%.1. Where are you getting 473% - my "tool" tells me 423%;
Maybe. On the other hand, I'm not including real estate maintenance costs.2. More significantly, are you not mixing oranges and apples in that you are quoting the S&P with income reinvested and not including rent in the house price return?
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