Rents rise by 1% in January

[Scorpio]

The idea that we are in defaltion has long been a false truth, and yes whilst some things are cheaper other things are not.

Hopefully not too far off topic, but if you are happy to hold this position, you should be equally happy to hold the opposite - i.e. that in times of 'inflation', e.g. the height of our boom, the price of many goods and services is actually falling, e.g. clothes and communications.

[Digout]

Its never been a better time to buy?

[johnfás]

Its never been a better time to buy?

Good time to buy in a good location if you can get credit... it will be a better time to buy in six months though. But all things considered, not a bad time to buy.

[Sync]

It is a good time to buy, as long as you've properly stress tested how your mortgage will look with a few more points on the interest.

[Cassandra Syndrome]

Its a supply side issue with rent. There are now 20% less property for renting than last August. People are still nervous about buying houses and are going down the renting road.

[Bi ciuin]

Dont forget all those people who have had their homes repossessed! A record number from last year. Thats a healthy number of people now having to rent.

And when you consider that a record number of homes got repossessed last year you have to laugh at the governments official line on repossessed homes.

Home repossession

Introduction

While there are relatively few home repossessions in Ireland, they do occur.

Home repossession-Information from CitizensInformation.ie

Did anyone see fromline last night?

A hotelier from Donegal was going nuts about rent allowance, claiming that a non national girl had come to the country and he gave her a job, since then her sister has moved to Ireland and then their mother, all living in a rented house claiming Rent allowance.

He was going nuts at the system that just allows somone to walk into a country and claim rent allowance frrom day 1.

And you have to agree, no wonder rents are increasing when people can claim rent allowance 5 minutes after entering the country. Look at how many people came to Ireland last year. They all needed somewhere to live and I doubt very much they all bought a house!

[Sync]

There are relatively few home repossessions in Ireland. If you had 1 house repossessed in 2008 and 2 houses repossessed in 2009, that's a 100% jump. It's still a very small amount of repossessions.

[Bi ciuin]

331 homes repossessed by lenders

Mortgage lenders held a total of 331 repossessed homes by the end of September, according to new figures from the Financial Regulator.
RTÉ News: 331 homes repossessed by lenders

Ok whilst were not talking UK sorts of numbers this is still a stimulus to the rental market.

We have a regular flow of Immigrants/people who hand over their houses, people who have lost their homes and otherrs who want to have their own home but cant get a loan from the bank.

With repossessions set to rise the rental market has never had it so good, and whilst not official we shave in some mad sort of way a rental market stimulus.

[SideysGhost]

We have truly learned nothing from the last decade.

You just can't fight such a critical mass of financial and economic peasant illiteracy, inbred moronic stupidity, and obsessive addiction to the crack cocaine of ever-rising house prices.

"Never been a better time to buy! Get on the ladder before it's too late!"

Ridiculous country.

[Cassandra Syndrome]

THe supply is the issue too. Despite over 300,000 properties, nobody can or wants to invest in houses to rent. Even if rents keep rising as a result, credit and liquidity is an issue for investing. Mortgage Rates and energy costs and utilities will increase creating a cost push inflation too in prices.

Deflationary depressions can flip into hyperinflationary depressions overnight from the sudden fall in producers and supply.