CoffeeBrew
Registered User
- Messages
- 40
Duplex said:Having said all that;
[broken link removed]
Look at the first page, the guy is laughing and drinking a glass of champers, you to could be laughing and drinking champers, very tempting.
gearoid said:What do folk think of the Jury's site being re-developed as apartments?
owenm said:What puzzles me: Every dog in the parish knows their is a bubble, but a bubble by definition burts. This one hasn't burst yet. so when the hell will it? we are still waiting and waiting...for ecb rate hikes for .....what. If we get another year of modest to flat growth before the ecb lets loose how much of the bubble remains ?
The president of the European Central Bank which sets interest rates for the euro zone, Jean Claude Trichet, has showcased Ireland as an example of how countries can succeed within the euro area. However, he sounded a note of caution on property prices.
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"Although not alarming at a euro-area level, we have a lot of good reasons to follow up and monitor closely what happens in countries of the euro area. In some countries of the area - which are very dynamic and have a lot of real growth - there is a case for as appropriate national action as possible to calm down the market," he said.
Aboard the SS Titanic on her maiden voyage a helmsman firmly took the wheel. Behind him stood two powerful figures, the ship’s Captain, Edward John Smith, and Bruce Ismay, the Chairman of the White Star Line. Behind them stood the prestige and power of the owner of the White Star Line, Ismay's father.
"There is testimony that Ismay urged the captain to maintain maximum speed,"
said Bisset, one of the first men on the rescue scene after the sinking. Thus the helmsman aboard the Titanic actually wielded little power, exercised little judgment, aside from spinning the wheel. Those who stood behind him in the shadows set the course and determined the speed (and were wholly responsible for the ship).
A New Atlantic Speed Record for her maiden voyage became an enviable goal. All that was required was an increase in power, and thus, speed for the entire voyage.
CoffeeBrew said:If someone is looking to buy a property to hold for 20-30 years then I say why not wait 2 or 3 years before buying? This is very small amount of time compared to the period you plan to hold the property.
Why wait? Global property markets in general and the Irish property market in particular are out of balance and appear to be reaching a critical phase. In addition, our leading bank economists are indicating a dramatic slowdown in price increases.
If, however, none of this matters and the potential buyer is convinced they are not buying in the middle of what appears to some to be a massive house price bubble than by all means - go buy now !!
Has anyone any idea of how to short the Irish property market.
I think one of the spread-betting companies had an option to bet on movements of one of the house price indices.Murt10 said:Has anyone any idea of how to short the Irish property market.
Theo said:... It may be that there is an element of panic in some property markets at the minute and we all know where that leads. If a person is the type that panics when buying, it is likely that person will also panic when selling.............
Duplex said:I would'nt go shorting Irish Builders or Banks until the writing is on the wall for all to see.
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