LinkBack URL
About LinkBacksI got a 20% reduction in my rent in one phonecall,probably get similar next year again.There's only one way prices and rents are going.
I got a 20% reduction in my rent in one phonecall,probably get similar next year again.There's only one way prices and rents are going.
NAMA............. the crowd that just keeps on giving
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Originally Posted by HarshBuzz
Yeah it depends on the power of the market externality. THere are always reserve prices and all of them 300,000 are not going to be released in one go, so that why I stressed Natural equilibrium. Using a demand and supply curve determining free market price is a breeze. Thats were I come up with between 40,000 and 50,000. I need to finalise the exact demand and supply figures (no 1 website has this info) to work out a final figure and then determine the force of market externalities out there, so your estimate of 70,000 punt could be spot on.
Anyhow as you say both our estimates signal a bloodbath. In Newbridge 66% has been knocked off these appartments.
Boom buyers seethe as units now three for price of one - National News, Frontpage - Independent.ie
"No one rules if no one obeys" - Tao
There ought to be a public information campaign letting landlords and 'squatters' (owners of properties who are leaving them idle in the vague hope that the the property market will recover) know that it is far better for the value of their property to have them occupied, even at a low rent than to leave them idle.
Houses that are left empty can decay through dampness vandalism and the effects of the irish climate very quickly. Houses and apartments that are in developments with low occupancy become blackspots for antisocial behaviour and property values suffer.
People refusing to rent out houses for rents that don't cover their mortgage are engaging in a false economy as the long term damage to their investment could be prevented by accepting good tenants at lower market rates.
Actual morality is doing what is right regardless of what you're told. Religious morality is doing what you're told, regardless of if it's right.
Ronan Lyons on newstalk this morning explaining how this came about...FFS, you don't need to be an "economist" Ronan to see that the bin is full awash with empty property. A gold star for spending 3 mins on air this morning stating the bloody obvious.
You may be familiar with the rental market but the population at large are not. You might say it's something "new" to them, perhaps something that should be covered in a radio broadcast covering the plural of "new" things which would be "news".
Ah come on now? Are you serious? I am no more familiar with the rental market than the average joe but I have a pair of eyes and see numerous developments around Dublin lying empty. Presumably these would be rented if there was demand, but there isnt, hence prices have to fall. Simple no?
The demand supply muddle is quite messy... with properties for sale being temporarily rented etc
Lyons has been warning of the Bubble for years, and is without doubt Ireland's foremost property number cruncher
He is well placed to comment
How come you choose to go gibbering and attack him instead of adducing your own analysis ?
cYp
"Yawn , am I alive yet ?"
Gibbering? WTF? Its an opinion, just like the one you just posted.
Yes hes been citing oversupply for a number of years but he wont get a trophy for that, lots of people have been pedalling the same mantra. Did you think the property bubble would never burst? I think most sensible people thought it had to ease at some stage.
I dont have to provide reams of analysis to provide an opinion. Are all your posts backed up by in depth analysis? I'll go and have a look shall I...
I think you'll find my posts well backed up, including the link to an authoritative external source supporting that opinion I posted
This is a site for debate, not just to wander into and go
[SIZE="5"]Funny economist man on radio![/SIZE]
cYp
"Yawn , am I alive yet ?"
This is a site for debate not a place for posting pictures of cartoon charachters which constitute laughs for sub teenagers.I think you'll find my posts well backed up, including the link to an authoritative external source supporting that opinion I posted
This is a site for debate, not just to wander into and go
cYp
I can see already anybody who wants to use the site should bow to your superior knowledge and wanten patronising to suit the story as you see fit. Brilliant.
I also dont recall saying Ronan Lyons was funny at any stage? I said he stated the obvious, slight disconnect there.
Last edited by Addendum; 17th November 2009 at 12:45 PM.
Reply With Quote