M
and those who invested before 2000 will be fine, probably those who invested before 2002 even. No negative equity for them . 10 months rental income covers mortgage pretty much . Sensible investing in other words.CGorman said:I've just pushed the latter option up to 40%.
I know several people in their mid-40's (mostly relatives) who have owned their own home outright for the past few years and have steadily started buying second, third, fourth and in one case dozenth homes as investment properties since 1995/2000.
The "ladder" and "investment" psychosis had to stop some time. I hope its now rather than next year when the large flush of SSIA money comes in.Now to be fair, that's only anecdotal evidence i've witnessed - but if it is happening on a national scale - and I am certain it is - then the days of rampant capital appreciation are finally over.
redo said:One can easily spot them on myhome.ie. They will have an empty look about them. No decor to speak of, etc.
coinfused said:.... We viewed last night and said we didnt like it and ea practically held us hostage trying to get us to look at other properties.
miju said:What do people here think the current attitude is towards property from joe public?
I've been talking to a few people and am kinda getting mixed results , so i decided to start a poll which is here which is kinda giving up some suprising results (though only 61 people have answered the question so far)
I own property and am bullish - 21.31%
I own a property and am bearish - 26.23%
I do not own property and am bullish - 13.11%
I do not own property and am bearish - 39.34% (suppose this is the most interesting as IMHO it's FTB's who have the "power" in the property market as if they stop buying the whole thing practically stalls as people can't "trade up" )
what do you all think?
Duplex said:The PRTB has even less of a clue of whats going on. The statistics they have on the private rented sector are laughable.
http://irish-property-bubble.blogspot.com/
At the end of 2005, the number of registrations with the PRTB was 83,983 and this was in respect of 53,070 landlords and 150,518 tenants. At 3 March 2006, the number of registrations with the PRTB was 88,593 and this was in respect of 55,685 landlords and 160,251 tenants.
So, as far as the government is concerned, out of an Irish population of 4,200,000, only 160,000 are private sector tenants. Only 88,593 private sector rental properties exist in the state, about 7-8% of the housing stock. When you consider that agents believe that investors purchase roughly 40% of new build output, (running at 80,000 units currently) the disparity between the PRTB’s figures and the probable actuality is remarkable.
OOOOOH thats unheard in recent years . How long had they your number befoere they deigned to ring you ????coinfused said:we're FTB's and this week we've had 3 ea's calling US about properties in the 360-381 market- unheard of as we've been browsing for
about 2 years and actively looking to buy since Feb.
be warned that prices in your Mullingars will fall more than the prices in your Maynooths , and they more than the prices in your Milltowns. The commuter belt will shrink perceptibly as people hold out for somewhere at the same price but closer to Dublin.We're in a large town just outside the Dublin limits, commuter belt, prices rose by 90k in 18 months on an average 3 bed. Now we don't know whether to take advantage of the wobble (the higher priced houses would previously have gone for 381-400, the lower one around 350) or hold off and see them drop further- but they're definitely dropping as is demand.
How far out of DublinWe viewed last night and said we didnt like it and ea practically held us hostage trying to get us to look at other properties.
I think he was just saying that the cost of the land is over half the price and that like in other countries land hoarding and rezoning windfalls should be gotten rid of by regulation.ClubMan said:Was the TCD bloke the one bemoaning the fact that people (individuals, developers, the state) are (shock horror!) making money out of the property market and basically encouraging interference in the market?
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