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  1. #21
    hammer hammer is offline
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    Quote Originally Posted by wombat View Post
    I was thinking on slightly bigger terms, like buying a house
    I`m already well in the game.
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  2. #22
    hammer hammer is offline
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    The banks will recover. Ireland will recover. Mortgage lending will commence in earnest late 2014 / early 2015.
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  3. #23
    Congalltee Congalltee is offline

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    Quote Originally Posted by hiding behind a poster View Post
    The broadcasting charge is the TV licence under a different name. It's not an extra cost.
    And instead of adding 160 to each households' LPT, it will duplicate a bureaucracy which costs 8 per licence. It's moronic. Really bad government (as is stealing a 2-3% from pension fund or applying a 40% DIRT tax when you're trying to recapitalise them or jobsbridge/jobdisplacement). Really poor.

    Back to property, any sign FG will follow through on delivering the (john) Kenny report?
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  4. #24
    seabhcan seabhcan is offline
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    Quote Originally Posted by hammer View Post
    The banks will recover. Ireland will recover. Mortgage lending will commence in earnest late 2014 / early 2015.
    Quite probably. My point in this thread is basically that 2014 will be rocky. Prices can go down as well as up, etc.
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  5. #25
    hammer hammer is offline
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    Quote Originally Posted by seabhcan View Post
    Quite probably. My point in this thread is basically that 2014 will be rocky. Prices can go down as well as up, etc.
    Agree, but in certain pockets of Dublin house prices will rise.

    The future is : Nice principal private residence in a nice area and no other property investments.
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  6. #26
    wombat wombat is offline
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    Quote Originally Posted by seabhcan View Post
    Quite probably. My point in this thread is basically that 2014 will be rocky. Prices can go down as well as up, etc.
    When will we learn? We still think of houses as investments rather than a place to live. In North America, a bank will value a house based on a multiple of current rents in an area, possible appreciation is not considered. If we are lucky, house prices will stabilise and people will go back to buying places they want to live in.
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  7. #27
    hammer hammer is offline
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    Quote Originally Posted by wombat View Post
    When will we learn? We still think of houses as investments rather than a place to live.

    If truth be told very few people see houses as investments.
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  8. #28
    Analyzer Analyzer is offline
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    Quote Originally Posted by seabhcan View Post
    31 Main Street, Raheny, Dublin 5 MyHome.ie Residential

    This is the property that got me thinking that something is seriously wrong. It is half a burned out building in Raheny.

    The description is: "The property has fire damage, but offers outstanding potential to be transformed in to any number of different uses, subject to planning permission. It does require complete modernisation throughout."

    This 'modernisation' would include a roof. Any 'outstanding potential' would require agreement with the owner of the other half of this burned out building.

    They want 450,000 for it.
    May as well build a house that has twice the living capacity, in order to justify the investment in surface area.

    Estate agents are STILL looking for too much money.
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  9. #29
    Analyzer Analyzer is offline
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    Quote Originally Posted by hammer View Post
    Temple Bar, Rathmines, Portobello, Grand Canal Docks, Ranelagh etc...
    All southside locations. All were overpriced in the previous boom. Liable to occur again. Just so that people can walk out of the Dublin 2 booze up area, on a Saturday night, and find themselves on the couch within a reasonable walking time.
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  10. #30
    hammer hammer is offline
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    No transport costs etc...
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