That's very consistent mis-spelling. Why the "ae" mixup? The words are, respectively, "real", "heading", and "lead". Is it your keyboard?

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Never let the best be the enemy of the good.

....and a few others besides in the music “industry” (two daughters touched by artistic genius) and elsewhere. Great post, Miriam; I think the record shows that you were the first to note the amount of vacant properties.

As discussed above, the issue is not when or how the crash, but how to reconstruct something vaguely related to standard human traditions of civilised life after it. To expect it to look like Ireland as we care about it (to the extent that we all post here) may be a bridge too far. The EU can't bail us out this time (and en route cement in place the incompetents who got us into this situation); the sums involved are too large.

A modest proposal; we try and move this thread in that direction, or in time-honoured Irish fashion, start an Eire nua thread.

Yep. Strong confidence remains for a while after the market has being undermined / damaged beyond repair.
I think someone compared it to the roadrunner effect - the psyche remains confident after the ground disappears, a sort of latent confidence.

Enter the external signals: ECB, Dollar, Oil, Inflation, etc. and confidence springs leaks, then floods.
Chattering negatively about the market at this stage is really just the fat lady singing. The show is already over, and the show-meisters have gone to ground.

At this stage, I think it is completely ignorant and irresponsible of anybody who is paid to be an economist/ mortgage dealer, to try and tell us everything is grand and that the nay-sayers will destroy the status quo.

They should go and sell rope to someone on death row.

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Did Rody give back the Audi ?

I have heard at least twice in the last few days from the vested interest commentators on the property market that everything will be OK if people would just "hold their nerve"!

I would really love someone to explain to me what part 'holding your nerve' has to play in the economic fundamentals are strong argument trumpted by the vested interests. Can you measure 'holding your nerve' as a proportion of the fundamentals underlining the strength of the property market? Of course not. The holes are well and truly showing in the arguments of the vested interests!

Also Joe Duffy had people on this afternoon with their tale of woes. People with 2 mortgages because they cannot shift their old house prior to completing the sale of the new one etc. Also about unemployment in the construction industry taking off as sites are closing down etc, 1 site of 500 proposed dwellings in Balbriggan in particular was mentioned. A bricklayer started on a Wednesday and laid off on the Thursday afternoon!

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Seabhcan on EU Enlargement and the Lisbon Treaty: "There is no shortage of cheap labour - Turkey isn't needed."

Myhome Report #5 has just gone online, showing 773 further pricedrops.

Tá an nasc anseo

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"Peace without justice is a field sown with violence." - Eduardo Galeano.
NÍ SAOIRSE GO SAOIRSE LUCHT OIBRE

For sale signs on Donore Avenue have been there for months. Price dropped from €420,000 to €385,000. 2 Signs on Herberton road have been there since well before Christmas.

House on St Albans Road has dropped its asking price from $1.2 M to €950,000.

Nobody is buying.

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Voters don't decide issues, they decide who will decide issues.

George Will

Why would they when motormouth is promising no stamp duty by the start of the summer?

Stamp duty has no effect on the selling cost of a house (that's decided by market forces and supply and demand). It does, however, have an effect on the profit margin of the sellers (and it removes any advantage that first time buyers would have had in the marketplace)

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If you are a genuine sceptic and want the other side of the 'climategate scandal' please watch this short video

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Difference between weather and climate
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Balbriggan is hugely over supplied at the moment. I can see the developer there running into problems selling those kips.

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Hail to the king.

Well The Government have just announced they are going to spend €1.2 Billion on affordable housing which of course is code for bailing out developers such as these buy buying up these developements at present market value and using them as social housing.

Gombeenism in all its glory

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Voters don't decide issues, they decide who will decide issues.

George Will