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Thread: Houses going for a song

  1. #1
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    Default Houses going for a song

    In a scene reminiscent of Bertie,Biffo, Seanie Ireland,people camped out for 2 nights in Drumshambo , Co.Leitrim to buy houses this weekend (RTE news) . Believe it or not. Only this time beautiful detached houses which sold for 350,000. 00 a few years ago were being sold off by banks for 140, 000.The last remaining batch were snapped up by buyers looking for as bargain and who wanted a house. Only problem is what do the unfortunates who paid the original price of 350 grand feel now, seeing the same houses being sold off 140 grand. This is the legacy of Bertie/Biffo/Seanie Ireland to them. Continue singing Biffo.

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    Wink At one time you could get a merc thrown in with a new house

    At one time you could get a merc thrown in with a new house.

    Soon you will get a house thrown in with a new merc.

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    Politics.ie Member ballot stuffer's Avatar
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    You think 140k is cheap? You ain't seen nothing yet.
    Sow the wind, reap the whirlwind.

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    Quote Originally Posted by ballot stuffer View Post
    You think 140k is cheap? You ain't seen nothing yet.
    There is a new greed abroad - every bit as bad as the greed that characterised the boom - it is a greed to find the bottom of the property market. Keep looking hard enough and you'll not notice the price passing you by on the way back up.

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    Default Is that you Donnie?

    Quote Originally Posted by Sailor View Post
    There is a new greed abroad - every bit as bad as the greed that characterised the boom - it is a greed to find the bottom of the property market. Keep looking hard enough and you'll not notice the price passing you by on the way back up.

    Is that you Donnie? or Frankie forty gaffs?

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    Politics.ie Royalty toxic avenger's Avatar
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    Quote Originally Posted by Sailor View Post
    There is a new greed abroad - every bit as bad as the greed that characterised the boom - it is a greed to find the bottom of the property market. Keep looking hard enough and you'll not notice the price passing you by on the way back up.
    As it bounces up off a ledge before resuming its journey down the lower half of the cliff...

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    Quote Originally Posted by Sailor View Post
    There is a new greed abroad - every bit as bad as the greed that characterised the boom - it is a greed to find the bottom of the property market. Keep looking hard enough and you'll not notice the price passing you by on the way back up.
    What a bizarre comment. Those house are overpriced compared to where they will be next year. I reckon the floor will be somewhere around 60-70k myself.

    As for missing the bottom, it will be a long long slow fall. No sharp spike coming this time.

  8. #8

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    Quote Originally Posted by Sailor View Post
    There is a new greed abroad - every bit as bad as the greed that characterised the boom - it is a greed to find the bottom of the property market. Keep looking hard enough and you'll not notice the price passing you by on the way back up.
    Waiting for value for money?

    Some call it prudence, but we know an awful lot about that here don't we?
    The IDA would be marketing Ireland as the innovation island -- "like Einstein explaining his theory of evolution." - Our number two in command, Mary Coughlan

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    Quote Originally Posted by Vincent Browne's tie View Post
    Waiting for value for money?

    Some call it prudence, but we know an awful lot about that here don't we?
    No problem with prudence - but talking down property prices to downright delusional levels is just a tad silly.

  10. #10

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    Quote Originally Posted by Sailor View Post
    There is a new greed abroad - every bit as bad as the greed that characterised the boom - it is a greed to find the bottom of the property market. Keep looking hard enough and you'll not notice the price passing you by on the way back up.
    I have no personal interest in the property market one way or the other, but with the deficit in the public finances, personal debt, huge unemployment, the property being held back by NAMA, and no sign of the proverbial corner being turned, I'm curious to know how and when you think the average house price will start to rise? I just can't see how it can happen in the near future...

    I'm not trolling you here, I'm just interested to hear where you're coming from...

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