Vacant residential property

[hammer]

In case you believe things are about to improve soon

Over 300,000 homes 'lying empty' - National News, Breaking News - Independent.ie

And the CIF figure is 40,000 - is this lawful stating incorrect figures like this ?

[Partizan]

In case you believe things are about to improve soon

Over 300,000 homes 'lying empty' - National News, Breaking News - Independent.ie

And the CIF figure is 40,000 - is this lawful stating incorrect figures like this ?

Well we get the usual crap everyday from luminaries such as the ESRI, Dan the Man, Clowen, Lenny that we have turned the corner and everything will be rosy in the garden in 12 months. Not only is disingenious and wrong to be spouting such crap but dangerous.

[Cassandra Syndrome]

In case you believe things are about to improve soon

Over 300,000 homes 'lying empty' - National News, Breaking News - Independent.ie

And the CIF figure is 40,000 - is this lawful stating incorrect figures like this ?

I have been quoting this statistic relentlessly for over 4 months. Just over 20,000 houses sold last year. Demand this year will be down to about 15,000. Thats 20 years worth of stock. The Natural Equilibrium median price of these housing units is less than 50,000 Euro. For NAMA to work it needs to be over 250,000 Euro in todays money in 2020. Thats one hell of a f*ck off market externality it needs to be. Its like propping up a rock with 4 toothpicks. Thanks for the link Hammer. It would be interesting to see how the NAMAites respond to this.

[constitutionus]

today was the first time in ages i had a look into my local estate agents on the way home to see how the house prices are doing .

down circa 100 thousand on average on the last time.

theres still ALOT of guys desperately trying to flog gaffs for 355k but theres loads of houses in the same area going for 255k or less.

best "deal" i saw was a 4 bed terrace with garage conversion for 240k, priced for a quick sell.

now ill admit its been months since i last look but thats still a hell of a drop.

i even saw a 3 bed semi for 160k. ok its in a rough area but still theres twonks out there forking out more for a 2 bed apartment.

bear in mind these gaffs are all in dublin in areas with fairly good infrastructure and facilities, NOT kips in the sticks.

things are gonna get REALLY intereting this year in the housing sector, particularly when interest rates go up. and lets remember boys and girls the banks themselves are putting em up on the variable mortgages outside of the ECB . just look at the permo.

when defaults/repossessions kick in just watch what it does to the market.

[Bill]

today was the first time in ages i had a look into my local estate agents on the way home to see how the house prices are doing .

down circa 100 thousand on average on the last time.

theres still ALOT of guys desperately trying to flog gaffs for 355k but theres loads of houses in the same area going for 255k or less.

best "deal" i saw was a 4 bed terrace with garage conversion for 240k, priced for a quick sell.

now ill admit its been months since i last look but thats still a hell of a drop.

i even saw a 3 bed semi for 160k. ok its in a rough area but still theres twonks out there forking out more for a 2 bed apartment.

now bear in mind these gaffs are all in dublin in areas with fairly good infrastructure and facilities, NOT kips in the sticks.

things are gonna get REALLY intereting this year in the housing sector, particularly when interest rates go up. and lets remember boys and girls the banks themselves are putting em up on the variable mortgages outside of the ECB . just look at the permo.

when defaults/repossessions kick in just watch what it does to the market.

this was also reported in todays independent
Home repossessions will soar as 6,400 are in arrears - Property & Mortgages, Personal Finance - Independent.ie

[imokyrok]

And to think that just last year a green party councillor canvassed and obtained approval for a thousand more houses to be built in Rush, a town with an infrastructure already collapsing, in direct contravention of Green party policy on urban sprawl , not to mention common sense. That cynical maneuver was the nail in the coffin of any previous illusions I had that the Greens put the country first or that they are any different from FF.

[eire_sai]

Not one defender of NAMA to be seen in this thread.

surprise surprise

[jtbooker]

And to think that just last year a green party councillor canvassed and obtained approval for a thousand more houses to be built in Rush, a town with an infrastructure already collapsing, in direct contravention of Green party policy on urban sprawl , not to mention common sense. That cynical maneuver was the nail in the coffin of any previous illusions I had that the Greens put the country first or that they are any different from FF.

Can you send me a link to that story? Cheers...

[eoghanacht]

the people, in a round about way own NAMA, how many are in need of housing? how many are having their rents paid by the state? it goes into the the pckets of land lords.

thousands need to re negotiate better mortage terms with the banks, that are being gauranteed by the government, whilst also having the safety net of NAMA, this must change. if the legislation isn't there then draft it.

place people on the waiting lists into those empty homes and the same to those having rent paid for them by SW, what you save on one will pay for the other, with more than likely a bit to spare, take E20 as rent to cover some of the cost of maintenence or whatever nominal fee is do able.

[Socratus O' Pericles]

the people, in a round about way own NAMA, how many are in need of housing? how many are having their rents paid by the state?

56,000 and 20,000 aproximately