Personal Insolvency Act: Expect a large number of foreclosed properties to hit market

[Delboy]

Are prices not reasonably currently? Is it Dublin?

Can you sell where you are now without NE?

I don't think they're reasonable still...half a mill for a 4 bed semi-d in Knocklyon/Firhouse with terrible energy ratings and modernisation needed...and when you go to look at the likes of that, you struggle to get parking nearby as there's dozens of people at the viewings.....supply has frozen as the whole market is in limbo without repos etc

(hope I'm not breaking any rules on discussing house prices here by throwing out a generalisation such as this)

 

[Gardener]

Ah the old straw man argument -Where will everyone go.

Oversupply of houses - check
Number of people constant - check

There are houses and people, they just need re-organising and by force if necessary.

And I though the Anglo Landlord class was long gone - me wrong!

So if an ex purchased council home is being repossessed on the wrong side of Dublin do we then move the inhabitants to a five bed NAMA property in South Dublin or do we place them in a bedsit that's not fit for purpose?