Maximus152
Registered User
- Messages
- 173
but theres nothing to SUGGEST that they will decrease dramatically either.
If you love the house, if it's in an area you want to live in for the next twenty years and you can afford it then i'd say go for it..
While your post in the main was good I'm sorry but this bit is rubbish. There is a lot to suggest that prices will decrease and dramatcially at that. A 3.7bn deficit in march which includes 38% decrease in excise and a 22% decrease in tax (largely capital gains from no house sales!). The two main industries (cars and houses) fuelled by Irish peoples greed and crusade for status over the past 10 years.
Our economic wealth was built on a property bubble created by Irish people selling each other houses with money that was borrowed from someone else. Now the free money is gone what else can happen other than house prices collapsing.
"Catching a falling knife" is a really good analogy!
And unemployment, that'll have no effect?
That is the most ridiculous statement I have ever heard. The highest unemplyment in the history of the state was about 17% but you think that is OK because 83% are employedThere are predictions of up to 15% unemployment by the end of next year. Everybody is trying to overshoot on the negative side so we can get a softer landing (as soft as possible) or at least prepare for tough times. I still see 15% unemployment as 85% employment, but thats just me. I try to err on the positive side (without being naieve).
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