Is David Mcwilliams going too far?

[riker1969]

I think David Mcwilliams could be accused of putting boot in with his latest Piece. While David was right the last few years to point out that boom would end-he was way out on when it would happen. I think he saw crash coming 2001! But his latest piece in the Indo is I think a case of taking worst case scenario. He also (I think) does not make a compelling case for comparing Japans crash and ours. No two crashes are that identical But beside all that I think he has gone too far with his "I told you so" Mantra. I dont know how to put a link up but if you search under title below you should get it.

Japan’s housing slump was scary, and ours could be too

[wysiwyg]

I think David Mcwilliams could be accused of putting boot in with his latest Piece. While David was right the last few years to point out that boom would end-he was way out on when it would happen. I think he saw crash coming 2001! But his latest piece in the Indo is I think a case of taking worst case scenario. He also (I think) does not make a compelling case for comparing Japans crash and ours. No two crashes are alike. But beside all that I think he has gone too far with his "I told you so" Mantra. I dont know how to put a link up but if you search under title below you should get it.

Japan’s housing slump was scary, and ours could be too

Your right.. there isn't much point in comparing Japan's and Ireland's situation..

Japan actually have a huge indigenous manufacturing base, wheras we don't

Japan has control of its monetary as well as fiscal policy, wheras we don't

Japan's political leaders actually take responsibility for making poor decisions, wheras ours don't

I'd say.. we're a whole lot worse than where Japan were .. wouldn't you ?

[stewiegriffin]

Pah! Damn you McWiliams !Ginger whinger. A great man once said........
" Sitting on the sidelines, cribbing and moaning is a lost opportunity. I don't know how people who engage in that don't commit suicide because frankly the only thing that motivates me is being able to actively change something,"
So feck off !

[TradCat]

any excuse

[youtube:3r9yv594]http://www.youtube.com/watch?v=YWPE_VkssEw[/youtube:3r9yv594]

[gentleben]

Pah! Damn you McWiliams !Ginger whinger. A great man once said........
" Sitting on the sidelines, cribbing and moaning is a lost opportunity. I don't know how people who engage in that don't commit suicide because frankly the only thing that motivates me is being able to actively change something,"
So feck off !
Pah! Damn you McWiliams !Ginger whinger. A great man once said........
" Sitting on the sidelines, cribbing and moaning is a lost opportunity. I don't know how people who engage in that don't commit suicide because frankly the only thing that motivates me is being able to actively change something,"
So feck off !

Ah yes, another "shoot the messenger" dope and his inane comments.

If more people listened to McWilliams earlier they wouldnt have bought the snakeoil that the amoral property swindle vested interests have been selling for the last six years.

Me thinks, that you might have bought your little piece of the dream that turned into a nightmare and are sore that McWilliams might let the cat out of the bag. Am Iright? If so, my sympathies, but dont blame McWilliams!

[madura]

Probably. I haven't read the article in question but one's knee-jerk response is to say not everyone can aspire to the economic foresight of the Blackrock-Dalkey set.

[riker1969]

I did buy during boom 2003 but thankfully did not go overboard .Just think David is putting boot in and perhaps being too pessimistic. Personally I think anybody who bought last 6-8 yrs will sit on negative equity. However not convinced by his analogy with Japan. Even if you didnt buy during boom this downturn will affect us all in some way. Not every public servant is married to another public servant. Social services will also decline.

David is not that accurate-bust he predicted was to happen 2001. Broken clock..

[TradCat]

The trouble is that predictions of a crash have been around since 2000 at least. But if you bought in 2000 you are still well ahead.

Somewhere between then and now there is a month in which buying became a mistake. The lower the market goes the further back that month is.

Everybody who bought in '07 is sorry now. Anyone earlier than that sorry now?

[riker1969]

I bought an apartment in 2003 Tallaght-its about 20000 grand away from negative equity. Helped out by a couple of hundred Section 23 Apartments being recently built-guess where-the Square Tallaght. God that area really needed urban development. Thankfully builders got Section 23 to help them out. In general Apartments in greater dublin are being hammered.

[gentleben]

Probably. I haven't read the article in question but one's knee-jerk response is to say not everyone can aspire to the economic foresight of the Blackrock-Dalkey set.

More bitter messenger shooting. If you opened your eyes you would realise that DMW was one of the only commentators out there trying to neutralise the pernicious horse manure being uttered by property boom cheer leaders and save people from buying totally overpriced houses. Whats wrong with that?