Page 30 of 132 FirstFirst ... 2028293031324080130 ... LastLast
Results 291 to 300 of 1312

Thread: Dublin property prices falling by €4,500 a month

  1. #291
    Politics.ie Regular
    Join Date
    Jan 2007
    Location
    Dublin South
    Posts
    10,499

    As long as Oil in Traded in Dollars it will be the reserve currency.
    Wasn't Saddams effort to switch to Euro a fundamental reason for the US invasion?
    China also owns a massive portion of America’s foreign dept and for now has no wish to see the dollar crumble. It still needs the US as its largest trading partner to help aid its massive modernisation programs.

    The US treasury knows this. That is the only reason it allows, for now, the chimps utterly insane federal expenditure.

    I will agree that the Dollar is approaching 'borrowed time' but is not there yet. China will bail out the dollar as long as it needs it IMHO.

    In relation to the property market here, none of this will stop a crash. Especially as cheap credit is vanishing to counterbalance macroeconomic trends and the dollars slide.
    The old axiom will especially hold true regarding America sneezing as well.

    I cannot see any way out for the property market here beyond the Government going absolutely loopey and buying up the available properties in a social housing initiative which will cost billions and do untold damage to the economy.
    Voters don't decide issues, they decide who will decide issues.

    George Will

  2. #292
    Politics.ie Regular
    Join Date
    Dec 2006
    Posts
    6,399

    The fact is, there's a fairly good case to be made for the ECB dropping interest rates to 1.5%

    Extra employment will lower the tax burden on individuals while raising the tax income. Governments will need to borrow less, thus helping reduce future debt payments.

    It would probably require a coordinated, actionable policy to force prices to remain stable. Basically anyone who raises prices loses all his profit to the CAB (or a similar body).

    But again, let's get back to houses.

    Still no hard info on prices, eh?
    When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?

    You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "

  3. #293
    Politics.ie Regular Ponzi's Avatar
    Join Date
    Apr 2006
    Posts
    422

    Quote Originally Posted by feargach
    The fact is, there's a fairly good case to be made for the ECB dropping interest rates to 1.5%

    Extra employment will lower the tax burden on individuals while raising the tax income. Governments will need to borrow less, thus helping reduce future debt payments.

    It would probably require a coordinated, actionable policy to force prices to remain stable. Basically anyone who raises prices loses all his profit to the CAB (or a similar body).

    But again, let's get back to houses.

    Still no hard info on prices, eh?

    Reducing the cost of borrowing is supposed to stimulate spending by increasing the supply of money in the economy. So increasing the supply of money and then introducing a bureaucratic 'price police' to inhibit price inflation seems a little perverse.

  4. #294
    Politics.ie Regular
    Join Date
    Mar 2005
    Location
    Dublin
    Posts
    22,407

    Quote Originally Posted by feargach
    But again, let's get back to houses.

    Still no hard info on prices, eh?
    Hmm. What were these, then?

    Quote Originally Posted by Johnny
    We can all get into the various economic arguments if we want but the fact remains that there are 250,000 uninhabited housing units in the state (for whatever reason) and prices are dropping - dramatically in some instances.
    The below examples are unavoidable. Story

    Address: 10 Westway Park, Blanchardstown, Dublin 1 Area: Blanchardstown
    Old Price: 320000
    New Price: 315000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=279072

    Address: 33 Clogher Road, Crumlin, Dublin 12 Area: Crumlin
    Old Price: 381000
    New Price: 370000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=287773

    Address: Glenalua, Cunningham Road Area: Dalkey
    Old Price: 1750000
    New Price: 1590000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=286065

    Address: 74 Curlew Road, Drimnagh, Dublin 12 Area: Drimnagh
    Old Price: 381000
    New Price: 370000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=291891

    Address: 31 Glasnevin Woods, Glasnevin , Dublin 1 Area: Glasnevin
    Old Price: 410000
    New Price: 398000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=295322

    Address: 172 Ballymun Road, Glasnevin, Dublin Area: Glasnevin
    Old Price: 650000
    New Price: 600000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=287314

    Address: 24 Rosedale, Tyrconnell Street Area: Inchicore
    Old Price: 365000
    New Price: 355000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=277854

    Address: Apt. 18 Cammock, Mount Brown, Dublin 8 Area: Kilmainham
    Old Price: 290000
    New Price: 275000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=285532

    Address: 64A Devenish Road, Kimmage, Dublin 12 Area: Kimmage
    Old Price: 450000
    New Price: 440000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=288927

    Address: 6 Foxborough Manor, Lucan Area: Lucan
    Old Price: 410000
    New Price: 395000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=293120

    Address: 78 Rosewood Grove, Lucan Area: Lucan
    Old Price: 340000
    New Price: 335000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=277474

    Address: 40 Foxborough Road, Lucan, Co. Dublin Area: Lucan
    Old Price: 390000
    New Price: 380000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=277406

    Address: 1 Muckross Green, Perrystown, Dublin 12 Area: Perrystown
    Old Price: 635000
    New Price: 600000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=294202

    Address: 48 Tayleurs Point, Rush Area: Rush
    Old Price: 315000
    New Price: 308000 Date Reduced: 07/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=297075

    Address: 51 Temple Court, Santry, Dublin Area: Santry
    Old Price: 355000
    New Price: 345000 Date Reduced: 07/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=293387

    Address: Apt. 6, Court Apartments Area: South City Centre
    Old Price: 750000
    New Price: 680000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=295409

    Address: Apt. 15 St. James's Court Area: South City Centre
    Old Price: 340000
    New Price: 330000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=293546

    Address: 15 Allen Park Drive, Stillorgan Area: Stillorgan
    Old Price: 890000
    New Price: 840000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=286559

    Address: 55 Limekiln Green, Walkinstown, Dublin 12 Area: Walkinstown
    Old Price: 385000
    New Price: 375000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=282751
    No, they don't look like dramatic drops - but a nominal drop of a few percent per year sustained for a few years, with inflation at a few percent, is a real drop of tens of percents.
    Never let the best be the enemy of the good.

  5. #295
    Politics.ie Member
    Join Date
    Oct 2005
    Location
    Dublin
    Posts
    3,952

    Quote Originally Posted by ibis
    Quote Originally Posted by feargach
    But again, let's get back to houses.

    Still no hard info on prices, eh?
    Hmm. What were these, then?

    Quote Originally Posted by Johnny
    We can all get into the various economic arguments if we want but the fact remains that there are 250,000 uninhabited housing units in the state (for whatever reason) and prices are dropping - dramatically in some instances.
    The below examples are unavoidable. Story

    Address: 10 Westway Park, Blanchardstown, Dublin 1 Area: Blanchardstown
    Old Price: 320000
    New Price: 315000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=279072

    Address: 33 Clogher Road, Crumlin, Dublin 12 Area: Crumlin
    Old Price: 381000
    New Price: 370000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=287773

    Address: Glenalua, Cunningham Road Area: Dalkey
    Old Price: 1750000
    New Price: 1590000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=286065

    Address: 74 Curlew Road, Drimnagh, Dublin 12 Area: Drimnagh
    Old Price: 381000
    New Price: 370000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=291891

    Address: 31 Glasnevin Woods, Glasnevin , Dublin 1 Area: Glasnevin
    Old Price: 410000
    New Price: 398000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=295322

    Address: 172 Ballymun Road, Glasnevin, Dublin Area: Glasnevin
    Old Price: 650000
    New Price: 600000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=287314

    Address: 24 Rosedale, Tyrconnell Street Area: Inchicore
    Old Price: 365000
    New Price: 355000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=277854

    Address: Apt. 18 Cammock, Mount Brown, Dublin 8 Area: Kilmainham
    Old Price: 290000
    New Price: 275000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=285532

    Address: 64A Devenish Road, Kimmage, Dublin 12 Area: Kimmage
    Old Price: 450000
    New Price: 440000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=288927

    Address: 6 Foxborough Manor, Lucan Area: Lucan
    Old Price: 410000
    New Price: 395000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=293120

    Address: 78 Rosewood Grove, Lucan Area: Lucan
    Old Price: 340000
    New Price: 335000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=277474

    Address: 40 Foxborough Road, Lucan, Co. Dublin Area: Lucan
    Old Price: 390000
    New Price: 380000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=277406

    Address: 1 Muckross Green, Perrystown, Dublin 12 Area: Perrystown
    Old Price: 635000
    New Price: 600000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=294202

    Address: 48 Tayleurs Point, Rush Area: Rush
    Old Price: 315000
    New Price: 308000 Date Reduced: 07/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=297075

    Address: 51 Temple Court, Santry, Dublin Area: Santry
    Old Price: 355000
    New Price: 345000 Date Reduced: 07/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=293387

    Address: Apt. 6, Court Apartments Area: South City Centre
    Old Price: 750000
    New Price: 680000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=295409

    Address: Apt. 15 St. James's Court Area: South City Centre
    Old Price: 340000
    New Price: 330000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=293546

    Address: 15 Allen Park Drive, Stillorgan Area: Stillorgan
    Old Price: 890000
    New Price: 840000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=286559

    Address: 55 Limekiln Green, Walkinstown, Dublin 12 Area: Walkinstown
    Old Price: 385000
    New Price: 375000 Date Reduced: 08/12/2006
    Link: http://www.myhome.ie/search/property.asp?id=282751
    No, they don't look like dramatic drops - but a nominal drop of a few percent per year sustained for a few years, with inflation at a few percent, is a real drop of tens of percents.
    For these figures to mean anything, you’d have to know at what price did the last similar property, in the same area, sell for. These price changes may simply be reductions on inflated expectations, which would indicate a slow down of price increase, not necessarily real price reductions.

  6. #296
    Politics.ie Regular
    Join Date
    Mar 2005
    Location
    Dublin
    Posts
    22,407

    Quote Originally Posted by tonys
    For these figures to mean anything, you’d have to know at what price did the last similar property, in the same area, sell for. These price changes may simply be reductions on inflated expectations, which would indicate a slow down of price increase, not necessarily real price reductions.
    Good point. Actually, we would want to know the purchase price, of course. If those are people who bought in '96 selling out, they can afford to reduce their prices a long way while still making a nominal profit...
    Never let the best be the enemy of the good.

  7. #297
    Politics.ie Regular
    Join Date
    Dec 2006
    Posts
    6,399

    If those are people who bought in '96 selling out, they can afford to reduce their prices a long way while still making a nominal profit...

    Not if they're one of the thousands who splurged their nominal profit by remortgaging to buy that new Beemer every year :P
    When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?

    You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "

  8. #298
    Politics.ie Regular
    Join Date
    Mar 2005
    Location
    Dublin
    Posts
    22,407

    Quote Originally Posted by feargach
    If those are people who bought in '96 selling out, they can afford to reduce their prices a long way while still making a nominal profit...

    Not if they're one of the thousands who splurged their nominal profit by remortgaging to buy that new Beemer every year :P
    There's little one can do about folly....I often wonder just how widespread that is.
    Never let the best be the enemy of the good.

  9. #299
    Politics.ie Regular
    Join Date
    Dec 2006
    Posts
    6,399

    Well, all those mahoosive SUVs everywhere aren't being paid for with magic beans.
    When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?

    You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "

  10. #300
    Politics.ie Regular
    Join Date
    Mar 2005
    Location
    Dublin
    Posts
    22,407

    Quote Originally Posted by feargach
    Well, all those mahoosive SUVs everywhere aren't being paid for with magic beans.
    From an IFG press release:

    * The proportion of regular home purchases has dropped to below 50% of all mortgage business, as the re-mortgage sector continues to grow rapidly. Within this group, there has been a significant change in trends over 2004, with over 96% (up from 90%) of the retail mortgage applicants choosing new homes over second-hand ones.
    * Overall, IFG-Mortgage Broker Solutions estimate that the market has grown by over 50%.
    * Applications continue to grow dramatically in size with an average level of almost €197,000 (up 19% from €169,000 in 2004) reflecting the increasing costs of trading up or building on an extension.
    * A greater percentage of consumers are choosing to wrap all of the debts under a mortgage availing of interest rates of 3.5%, often selecting dual repayments terms.

    The idea that more than 50% of mortgages being handed out are actually remortgages is rather scary...
    Never let the best be the enemy of the good.

Similar Threads

  1. Replies: 2
    Last Post: 29th June 2009, 02:46 PM
  2. Replies: 12
    Last Post: 18th June 2009, 05:30 PM
  3. Dublin property prices down 27%
    By pfkf1 in forum Economy
    Replies: 17
    Last Post: 27th January 2008, 02:05 PM
  4. House prices still falling
    By pfkf1 in forum Economy
    Replies: 25
    Last Post: 5th September 2007, 08:55 PM
  5. Policies for Falling Property Prices
    By mountainyman in forum Economy
    Replies: 19
    Last Post: 13th August 2007, 12:01 PM