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About LinkBacksApart from NAMA will anybody or any group be buying property in the near future?
Apart from NAMA will anybody or any group be buying property in the near future?
Not in big groups, I suppose.
That said, I wouldn't absolutely rule it out 100%. There are random spots about. Also, house mortgages are literally the only way for regular folk to get their hands on large amounts of money.
When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?
You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
It will be a golden opportunity for cash rich individuals to make a a nice few job, and there are quite a few of those
Regards, Pat Gill
There will be a certain amount of non-voluntary sales: disputed wills, people running out of money to pay the mortgage with, etc.
There will be a strong vested interest among property developers to buy up houses such as these as they come to market, and keep schtum about the transaction price.
It all revolves around the volume: if there are only a few dozen forced sales in the country per month, then it can be prevented from affecting the market in general. If it goes far beyond that, the developers won't be able to prevent it happening.
The key, in essence, is to discover if the property investors who are not big enough to be part of NAMA, are going to be squeezed significantly.
Another problem is people who have lost their jobs, and have already paid off a large whack of the mortgage, imagine people who bought in 1995, say.
These are people who might be in their 40s or 50s and looking at never working again. They can sell the house and still have maybe a 6 figure profit, even if they sell at half of the peak 2006 value.
It all depends on how numerous such people are.
When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?
You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
Lots of American money sniffin around if I am hearing correctly plus some ME money. I think NAMA will mark the bottom in property in this country.
They were saying there was a half built 16 storey block up in Sandyford now valued at half a million. If I had half a million cash I would buy that.
With interest rates rising over the next few months, The smart money will take the gauranteed 4/5% on offer, rather than risk a loss.Originally Posted by one acre capitalist
There is no need to second guess the market when it comes to "bottoming out". They will wait until a rise is confirmed and then move.
Any true recovery in Ireland will be 5 years behind Germany, so you could use that as a yard stick.
Just to stick my neck out, I would go for farming, not here, but Africa or South America. Food will always be related to income.So while returns may look low. Relative too income levels, it could be fine.
Buying a little bit in UK but its resi, mostly investment repo's because 6 month Govt moratoria on Repos finished in June and as I figured lots of stuff coming back on via Estate Agents. Forced sale prices which are about 60% of 2007 prices.
No, there was sod all foreign investment during the boom, there will be very little in the middle of the bust.
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