Rent instead of purchase.. new era !?

[beekeeper]

I am looking for peoples thoughts on what i feel will be the major consequence of the economic meltdown we are currently experiencing. I feel there will be a shift towards renting instead of purchasing. With mortgages increasingly difficult to get and rental yields falling by the day... is this the future for property in Ireland ??

 

[jhegarty]

No , it's a never ending cycle alternating between the two.

Property never goes up for ever , property never falls forever.

 

[moneygrower]

no, people are just renting until they feel they can get value and then they'll buy.

 

[Hillsalt]

no, people are just renting until they feel they can get value and then they'll buy.

People are just renting until they can afford to buy a house

 

[jhegarty]

People are just renting until they think they can afford to buy a house

^ fixed it for you