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fatmanknows
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Sheer unadulerated greed. Whatever value it might represent for €2m with the mews built to the said design together with a fit out to match..........for a postage stamp patch up a laneway the vendor should take a good look in the mirror.
To the brigade out there who'll accuse me of willing a crash...........to bloody right I do.
B
blue01
Guest
Being watching this thread for a while.....as someone thinking about buying for a while....i've been looking into the affordable housing schemes..
what are peoples opinions on these?.....are they a good option in the current climate seeing as its near impossible as a FTB to get somewhere in dublin or should i hold off for a while?.....
do you think these kind of schemes would be hit badly in a downturn even though the prices at the moment are way below market value?
what are peoples opinions on these?.....are they a good option in the current climate seeing as its near impossible as a FTB to get somewhere in dublin or should i hold off for a while?.....
do you think these kind of schemes would be hit badly in a downturn even though the prices at the moment are way below market value?
Given the timeframes apparently involved waiting for these and the sentiment here that by end Q4 07 that there will be blood in the water, am not so sure.
That said, given the wait what do you have to loose?, by the time you are offered a place the market sentiment should be blindingly obvious by then to all and sundry and you won't have to take an offer with clawbacks if the open market offers something similar.
Don't buy property directly as it doesn't "wash its face" and it will cost you money. If you must buy property, invest in a property fund or a PLC.
M
markyboy
Guest
Came across this on NPR today and thought it might be of interest
ARMs Come Back to Bite Homeowners (Audio)
October 9, 2006 · Many Americans bought homes in recent years with the help of adjustable-rate mortgages. But initial low monthly payments have skyrocketed because of high interest rates, and many borrowers are now struggling to pay back the loans.
Related NPR Stories
ARMs Come Back to Bite Homeowners (Audio)
October 9, 2006 · Many Americans bought homes in recent years with the help of adjustable-rate mortgages. But initial low monthly payments have skyrocketed because of high interest rates, and many borrowers are now struggling to pay back the loans.
Related NPR Stories
- Sep. 8, 2006
Marketplace Report: Mortgage Rate Disparity - Sep. 1, 2006
Mortgage Rates Retreat as Housing Market Slows - May 30, 2006
Foreclosure Rates Rise Across the United States - May 23, 2006
Steps to Preventing Foreclosure - May 19, 2006
Fifty-Year Mortgage Offers Limited Advantages - March 28, 2006
Rising Interest Rates Pose Problem for Some Mortgage Holders
Maybe a sign of things to come????
American homebuiders Kara Homes Inc. goes bankrupt after $250,000 home discounts fails to attract buyers for their homes.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajY74Kg6RI7o&refer=home
American homebuiders Kara Homes Inc. goes bankrupt after $250,000 home discounts fails to attract buyers for their homes.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajY74Kg6RI7o&refer=home
US Cartoonists take on the housing market - enjoy:
http://www.cagle.com/news/HousingPricesFall/main.asp
Edo
http://www.cagle.com/news/HousingPricesFall/main.asp
Edo
T
teknostic
Guest
tumbleweeds blowing across this thread .........
M
Miles
Guest
I kinda miss the doom and gloom.....
Just call an estate agent and ask "how's business?".
If you insist;
The Wall Street Journal. “As the housing sector cools, the mortgage market faces an awkward question: Who takes the hit when loans go bad?”
“A generation ago, nobody asked. Banks made loans and suffered the consequences when borrowers didn’t pay. Today, a complex Wall Street machine buys and sells mortgages and packages the loans into securities that are diced and sliced and sold again to investors world-wide.”
“Players on Wall Street and beyond are starting to grapple over bad loans, especially in the market for borrowers with scuffed credit, so-called subprime customers. ‘In a rising market, even a bad loan is a good loan,’ said Nate Redleaf, a research analyst with a Beverly Hills, Calif., investment bank. ‘You could be sloppy and it didn’t matter. Now people really have to do their jobs. They have to be more vigilant.’
from rte.ie...
Building slump 'could slash tax take'
http://www.rte.ie/business/2006/1010/construction.html
Building slump 'could slash tax take'
http://www.rte.ie/business/2006/1010/construction.html
P
phoenix_n
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phoenix_n said:
EvilDoctorK
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Interesting article on rte.ie/business from Davy Stockbroker's research
http://www.rte.ie/business/2006/1010/construction.html
"A 20% fall in both price and volume could affect tax receipts to the tune of €3 billion, leaving the Budget deficit close to the 3% of GDP EU limit."
http://www.rte.ie/business/2006/1010/construction.html
"A 20% fall in both price and volume could affect tax receipts to the tune of €3 billion, leaving the Budget deficit close to the 3% of GDP EU limit."
S
SherryTrifle
Guest
Yeah i hear the asking prices on a house in Kansas and some in siberia have fallen 
I know it's highly relevant to sentiment in the Irish market so im posting it here. All the Irish people who think property is still a good investment(rightly or wrongly) are so concerned with small price drops in America ( 1.2% drop nationwide YOY)
I know it's highly relevant to sentiment in the Irish market so im posting it here. All the Irish people who think property is still a good investment(rightly or wrongly) are so concerned with small price drops in America ( 1.2% drop nationwide YOY)
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