Good News: IAVI Calls the Bottom

[maxthedog]

From my own knowledge of and observation of the property scene in the West of Ireland I agree broadly with Sailor's posts.

What specific part of the " Broad " do you agree with.

[Sailor]

But you're only comparing public sector jobs. Private sector jobs paid vastly different rates. A friend of mine who moved to Cork moved back to Dublin, because even with cheaper houses, he could only have gotten a far less-paying job.

P.

I gave you an example of what is frequently used as an example of the "average couple". I think you will agree that, in general - and I don't doubt your pal's story - a couple with two half-decent jobs could afford a home in Cork, Limerick or Waterford when they more than likely could not have afforded a property in Dublin. I can give you one example - my sister sold a very nice house in a decent area of Limerick in 2006 for about 240k - 4 bed semi with top of the range decor etc. You would have paid a multiple of that in Dublin at the time. And that was the point I was making - property prices did not, in general, go crazy outside of Dublin and so do not have as far to fall.

[Sailor]

Are you sure ? - Your posts certainly indicate the contrary. .

House prices in Ireland never became crazy apart from Dublin, Galway and holiday homes ? ? ? ! ! Get a grip man ! .

Every time you make an appearance here you make a series of populist posts on topics you clearly know nothing about - and you're at it again here.

[maxthedog]

I gave you an example of what is frequently used as an example of the "average couple". I think you will agree that, in general - and I don't doubt your pal's story - a couple with two half-decent jobs could afford a home in Cork, Limerick or Waterford when they more than likely could not have afforded a property in Dublin. I can give you one example - my sister sold a very nice house in a decent area of Limerick in 2006 for about 240k - 4 bed semi with top of the range decor etc. You would have paid a multiple of that in Dublin at the time. And that was the point I was making - property prices did not, in general, go crazy outside of Dublin and so do not have as far to fall.

Castletroy area ?

[Sailor]

From my own knowledge of and observation of the property scene in the West of Ireland I agree broadly with Sailor's posts.

Thank you Ergo - what way are prices in Galway at the moment? I was half interested in buying something there a few years ago but prices were ridiculous.

[Baron von Biffo]

So you believe that a garda E1Million euro pension is average.

The "Guards retire as millionaires" silliness was a filler piece in the Indo.

If you want to know what guards (or other PS workers) pay for their pensions you can find their pay scales online and do the sums for yourself. Then you can figure out how long they would have to live just to break even. Be prepared though, when you use actual figures your prejudices will fall apart so if you're going to try it make sure you have a reliable friend with you.

[Sailor]

Castletroy area ?

No, Corbally - but there has always been great value to be had in Castletroy. Some fine houses but the only problem is there are very few amenities in the area. I can remember it 40/50 years ago - very posh back in those days.

[Baron von Biffo]

Some fine houses but the only problem is there are very few amenities in the area.

And in that there's a clue to why Dublin prices are higher.

[maxthedog]

The "Guards retire as millionaires" silliness was a filler piece in the Indo.

If you want to know what guards (or other PS workers) pay for their pensions you can find their pay scales online and do the sums for yourself. Then you can figure out how long they would have to live just to break even. Be prepared though, when you use actual figures your prejudices will fall apart so if you're going to try it make sure you have a reliable friend with you.

I never said a Garda retires as milionaires, so I have no idea why you are using the above quote .Too achieve their pension a Garda would have to invest E1 Million. which they don`t , it is over subsidised by the taxpayer.

it is Sailors contention that a person with a E1million pension, is an average, that I disagree with.

The idea that once a Garda can buy a house, should be used as an economic bell weather is ridiculous.

[Boggle]

Your figures are not relevant to the point I was making - which was in relation to peak prices

Between 2000 and 2007, house prices varied accordingly:
Dublin: 225k - 429k (+90%)
RoC: 150k - 260k (+73%)

If we are assuming that house prices will fall to say, 2000 levels again (approx 45% drop nationally) then this implies a drop of 47% in Dublin and a drop of 42% for the rest - yielding a national average drop of 43%.