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About LinkBacksclick here for the investor property report
This is the report on investment property as mentioned in the Indo today.
click here for the investor property report
This is the report on investment property as mentioned in the Indo today.
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Good report.
I think prices are still overvalued at the upper end of the ranges given. I think it is very likely prices will fall another 50% from here.
Overall fall will be around 70% from peak to trough.
Thats a good report, thanks. Clearly advises people not to get into investing in property for quite some time.Originally Posted by MortgageBroker
I have been on here a lot arguing with a couple of NAMA heads in relation to the grossly over supply of housing units and the rapidly shrinking demand. I reckon the median in natural market equilbrium conditions for the NAMA type properties is 50,000 or lower.
The CSO yearly Statistic book has great data for the purposes of predicting the future demand for houses. It is going to be a long time before we have net immigration again.
Plus the crash in the Japanese market is a useful precedent too.
"No one rules if no one obeys" - Tao
I wholeheartedly agree that property is still severely overvalued but does nobody see the big scary problem? NAMA will pay a really small discount compared to the real devaluation in property prices which means that me, you and that young family over there are going to be crippled by the debt incurred by the failed FF property developer drones throughout this land. Can it ever be repaid?
I ain't gettin' on no plane
Seems to me that a whole lot of people on this site saw that particular big scary problem a very long time ago.
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