Kentstown (never heard of the place before),
No.Were you living in a cave when the school bus tragedy happened in Kentstown a few years ago?
Nothing new from David McWilliams I suppose, although I thought the programme was well made and it would be hard to disagree with much of the
IOne thing did grate with me though and that was the couple in Kentstown (never heard of the place before), moaning about their mortgage, childcare costs etc. A bit rich I thought considering the large house they were living in (certainly not first time buyer material) and the two large cars in the driveway (one an SUV)- "living beyond your means a little" came to mind. I just didn't feel they represented the average family who were living in a starter home in the commuter belt. Any takers?
A bit rich I thought considering the large house they were living in (certainly not first time buyer material) and the two large cars in the driveway (one an SUV)- "living beyond your means a little" came to mind. I just didn't feel they represented the average family who were living in a starter home in the commuter belt. Any takers?
The part I liked most was they way he let that independent EA from Sherry Fitz hang himself. He really looked like a fat cat idiot. His comments seemed to indicate he was completely detacted from reality. I wonder how many EA's they interviewed and discarded before they found that gem.
I thought it was to represent average couple also. IMO Folks choose to move to Kentstown so they can still shop in Blanch and keep this "standard"I believe it was supposed to represent 2 high earning professionals not the average couple. The point was that 2 high earners are stuck in Meath, priced out of the Dublin market. If they can't afford in a reasonable suburb of Dublin how can an average couple possiblely afford anything.
I did not agree, he told us how he made his money end of. They only thing i laughed at was that he said Mullingar was fairly underdeveloped - which unfortunately is true if the planners have "great plans"....The part I liked most was they way he let that independent EA from Sherry Fitz hang himself. He really looked like a fat cat idiot. His comments seemed to indicate he was completely detacted from reality. I wonder how many EA's they interviewed and discarded before they found that gem.
They only thing i laughed at was that he said Mullingar was fairly underdeveloped - which unfortunately is true if the planners have "great plans"....
His predictions been wrong previously but does anyone really think he'll be wrong this time
in that case what he was saying was true and he will make more money ouf og folks who get a bargain 4 bed detached in Mullingar instead of 2/3 bed terrace in the city for the sameMullingar hasn't seen a lot of new house development due to problems with the inadequate sanitary services available up until now, so it is probably prime for development in the future.
The beauty of spouting economic theories like these is that there is no wrong and right or black and white. When things are very good they will inevitably get worse and when things are very bad they will definitely get better. The question is when will it happen, how long it will take, how bad will the downturn be etc. So in fact he hasn't been wrong previously merely 'out with his timing' !!
It won't affect the majority of people but more than just investors can be affected. If I bought a home for 300k and now it's only worth 200k, it doesn't really matter what price the house I want to trade up to is, since I probably won't be able to afford it anyway.One very obvious thing which I feel he should have pointed out throughout his program is that a drop in house prices will not affect the majority of people. The only people it affects are investors. If your house is worth €1million or €200K it makes no difference, your mortgage will still be the same. Even if you want to move home, ok your house is now only worth €200K but at the same time the home you are buying will also have gone down by the same amount.
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