Irish residential property market crash.

[Centurian]

I see that today even the Sunday Independent is being forced to accept reality and reports that "the full ramifications of the residential property market crash, now 21 months old and continuing apace, have yet to be seen."

You really are wishing the place into difficulties. Do you run a pawn shop or something?

Why do you say that I am "wishing the place into difficulties" ? - This is the second occasion that you've accused me of this with no basis whatsoever - And I answered your accusation very comprehensively the first time ! .

I'm simply reporting REALITY. People like you with your head stuck in the sand just love shooting the messenger...

[Centurian]

The housing market will bounce back in a month or two.

You see, we have a young, educated workforce, lots of immigrants, a shortage of supply of houses, huge demand, limited free land, a vibrant knowledge economy, we're the second richest country in the world, divorce is on the rise boosting housing demand, people know that renting is dead money. All in all, it could be described as a new paradigm. Ireland is different and a has unique set of circumstances never before seen in any economy across the globe.

Ergo, prices to start rising by August. Take it to the bank.

Yeah right - I bet you believe in Santa Clause and the Tooth Fairy as well ! . Yeah, of course the laws of gravity don't apply in Ireland ! .

I notice you say August but not which year - If Irish house prices are higher than current level any earlier that August 2012 I'll show my ar*e in Brown Thomas' front window ! .

I've saved your post - It's a classic and so indicative of the type of moronic self delusion that has caused this absolutely outrageous property bubble in the first place - I'll be ridiculing it again in August ! .

[Sligoboy]

I see that today even the Sunday Independent is being forced to accept reality and reports that "the full ramifications of the residential property market crash, now 21 months old and continuing apace, have yet to be seen."

This is just propaganda being peddled by the governments mouth piece so it can claim it had to bail out developers for the good of the nation, this will include buying up whole swathes of the developers now unsellable surplus stock at current market value and using it for social Housing. Beverly Cooper Flynn has already proposed such a buy out (using existing allocated funds- but once the ball gets rolling etc etc) in Mayo.

There is no doubt there is a property crash, no doubt there is a looming catastrophe in the banking sector, but this is exactly how they played it during the boom, the rules are still the same. This is the repercussions of the risks they claimed they where taking coming home to roost. It is not up to government or the tax payer to bail out their incompetence, ignorance and arrogance.

Property needs to drop considerably more for the betterment of the Irish Economy, keeping it artificially buoyant will only prolong the misery.

[Centurian]

Agreed - Good Points.

[Treehouse]

The housing market will bounce back in a month or two.

You see, we have a young, educated workforce, lots of immigrants, a shortage of supply of houses, huge demand, limited free land, a vibrant knowledge economy, we're the second richest country in the world, divorce is on the rise boosting housing demand, people know that renting is dead money. All in all, it could be described as a new paradigm. Ireland is different and a has unique set of circumstances never before seen in any economy across the globe.

Ergo, prices to start rising by August. Take it to the bank.

Yeah right - I bet you believe in Santa Clause and the Tooth Fairy as well ! . Yeah, of course the laws of gravity don't apply in Ireland ! .

I notice you say August but not which year - If Irish house prices are higher than current level any earlier that August 2012 I'll show my ar*e in Brown Thomas' front window ! .

I've saved your post - It's a classic and so indicative of the type of moronic self delusion that has caused this absolutely outrageous property bubble in the first place - I'll be ridiculing it again in August ! .

Begrudger.





[size=7]Dude, I was joking.[/size]

[Centurian]

Begrudger.

[size=7]Dude, I was joking.[/size]

You bet you were.....

[Treehouse]

Begrudger.

[size=7]Dude, I was joking.[/size]

You bet you were.....

Hahahahahahahaha. Jesus Centaurian, stick your head out the window mate. Ain't NOBODY talking about a new paradigm no more, not even the Cannies. It's over. Relax. Next time you hear someone genuinely mentioning a new paradigm will be sometime north of 2015.

And seriously, get your sarcasm meter fixed.

[constitutionus]

actually the BIG story here is the retail market. i agree that housings fecked but at least eventually all those units will be sold as as someone else stated people will always need homes. its just a matter of when the right price is hit.

who the hell wants an office block in a recession?

the countrys littered with these fecking things, many of them being idle for years- and thats in the centre of dublin, and theyre STILL building the feckers. retail is going to hit the banks big time as its a debt their just going to have to write off.

trust me, when the retail market crash hits home you wont have seen anything yet.