Property Bubble Going to Burst?

Sherifu

It could have solid gold furniture.

Ciaran500

Sherifu wrote: »

It could have solid gold furniture.

You post too much.

Sherifu

It's all relative.*





*to yore ma.

Wertz

Sherifu wrote: »

It could have solid gold furniture.

But it's more likely just a combination of cast concrete, plasterboard, pine, MDF and paint, thrown together by a team of the lowest priced subcontractors...the only furniture you're likely to find is a white porcelain seat in the compact bathroom. 300K? Many of these places are barely worth 1/3 of that in reality...

Rb

Ciaran500 wrote: »

You post too much.

Yep, post-count whoring at its finest!

Caoimhín

Im renting at the moment. The semi-d im in it valued at 450,000 euro. At night when the house is quiet and the man next door goes for a piss i am woken up by the noise, its like the house is made of cardbord. Why would one spend a lifetime in debt to the bank for a cardboard house in a half built estate.

Sherifu

Rb wrote: »

Yep, post-count whoring at its finest!

;_;

Rb

Lol, spot the difference

http://boards.ie/vbulletin/forumdisplay.php?f=7

and

http://boards.ie/vbulletin/search.php?searchid=1940492

Post count whore

Sherifu

It's not a bad effort. I'll give you that.

Zzippy

Rb wrote: »

Yep, post-count whoring at its finest!

Pot... meet kettle!

Rb

Zzippy wrote: »

Pot... meet kettle!

Pffft, think of his posts as Fiat Puntos, and mine as Mercedes Benzs. There's loads of both on our roads, but the quality of one is a lot better than the quality of the other.:p

Sherifu

Rb wrote: »

Pffft, think of his posts as Fiat Puntos, and mine as Mercedes Benzs. There's loads of both on our roads, but the quality of one is a lot better than the quality of the other.:p

You fail at trolling. F-

Rb

Sherifu wrote: »

You fail at trolling. F-

Aww, I'm only kidding, no need to go sulking like that

RoundyMooney

He's right. The quality of Mercs is gone to pot in the last few years.

I'd forgotten about good ole Morningstar.

Sherifu

Rb wrote: »

Aww, I'm only kidding, no need to go sulking like that

True, lets not ruin your 'special day'.

flanum

who the feck dug a 2-year old thread up? surely this is "bumping"?

Steve

flanum wrote: »

who the feck dug a 2-year old thread up? surely this is "bumping"?

Ah quit whingin just because someone got a 'yore ma' in before you.:D

SimpleSam06

joejoem wrote: »

Property is reaching its true value in my opinion. As a small coutry we are majorly affected by supply here, we have a limited amount of land, especially close to the city in Dublin. Prices will climb for another 2 -3 years and then level off with the possibility of a small decline.

connundrum wrote: »

It won't burst, but it will plateau in a while. This year will see prices rise at an unreal rate as real estate agents will up prices to 'cope with the foreseeable demand' from the SSIA crowd. It will level out though.

magpie wrote: »

The usual scaremongering, with lots of "ifs" going on. People have been saying this for years.

RoundyMooney wrote: »

I agree with all the rebuttals to the OP. That article is grossly misleading and shows a total lack of knowledge of both financial and economical circumstances. The prophets of doom have been harping since 1998 or so, and one would hope that most of them are still filling out their rent books in between bouts of banging their heads off the wall in sheer frustration.

100gSoma wrote: »

Immigration is having a huge impact on housing. As long as the eatern euopans continue to stream in (and they will) they will need places to live. The market is not going to "burst". To many vested interests, and too easily controlled by the developers. At best it will level off.

It is interesting to see the zeitgeist changing so fast though, in the course of two years we have gone from "sure you'd be mad not to buy property" to the exact opposite. Most posts early on were strongly bullish about property in this country, reality be damned, and look where we are now. 10% drops in the first few months of 2008, and no end in sight.

gurramok

And all those bullish posters especially Morningstar have NOT come back to the topic in the Accommodation forum or here since for 2 years now, they hate to admit they were wrong

connundrum

Disregard my post in this thread. I was a property selling whore at the time of posting and have now bought some morals.

Where is morningstar btw? Miss that lil hellraiser

whizzbang

connundrum wrote: »

Disregard my post in this thread. I was a property selling whore at the time of posting and have now bought some morals.

Where is morningstar btw? Miss that lil hellraiser

From his profile..

"Last Activity: 28-08-2006"

Timing is the essence of comedy.

or did he magically change into another username? FillSpecter or something?

ionapaul

MorningStar => FillSpectre => ??? Unless he has really changed his unique posting style (no compromise, not one iota!) I think he is no longer with us. Maybe too busy managing his property empire? Though to be honest he seemed like a fairly reasonable landlord type and one who put some effort into business, not like a lot of the Johnny-Come-Lately types who will probably face financial problems over the next 5 years of pain.

All the property bulls are dead and gone, they're with Michael Lynn in the gra.....err, on the lam!

sdanseo

I almost replied to this with a spontaneoous "welcome to last year" or the like. Lucky I read it. But to whoever dug this up, let this be a lesson - you could have cause soemone who wasn't paying any attention to embarrass themselves. Learn from this mistake, or else.

Red Hand

It's interesting to read this thread. Back when this thread was first posted, I was a lurker on boards and still in college. Afterhours was a place to discuss general things. Notice the lack of Yore Ma and funny one liners?:pac:

Then it was bumped two years later and we had the "Ho ho-times have certainly changed!" and Yore Ma graced us with her presence.

Now, I bump it and it the economy has kind of tanked in the mean time. There will be lots of "In before the lock", linking to facepalm and other memes and the whole rough and tumble of modern Afterhours culture and thanks whoring.

Before it's locked, can a moderator make a mental note to bump this in 2 year's time? I want to see the Buzz generation making their contribution as well.:pac:

Won't be buying a house for a few years. Will save some money first before taking out a moderate mortgage for a moderately sized house.

Calibos

Reminds me of my favourite bible passage.

'I am the resurrection and the light'
----Jeremiah 33 3

El Weirdo

Calibos wrote: »

Reminds me of my favourite bible passage.

'I am the resurrection and the light'
----Jeremiah 33 3

What is this "Bible" you speak of?

That's a lyric from my favourite Stone Roses song.

mikom

El Weirdo wrote: »

What is this "Bible" you speak of?

That's a lyric from my favourite Stone Roses song.

"Fools Gold" would be more appropriate.

Dunjohn

Wow. Nice little history lesson there. Like one of those time capsules.

thetonynator

the things we will learn from old threads on boards!!!

Captain Havoc

Read the first two posts there, wow!!!!

Jimbo

constitutionus wrote: »

one word lads, RECESSION , as soon as america sneezes were fecked and according to some that COULD be as early as next year!

Yea right :rolleyes:

Agricola

Its scary the amount of people who thought that property would just continue to grow in value indefinetly.
I remember Brian Cowen, in his last job, doing an episode of questions and answers. When panellists started getting uppidy with their questioning re the economy, he silenced the desenters by saying "Hold on now, Im the minister for finance! I think i know what im talking about!"

Yeah right!

Senna

Nice to read back and see how Property was ingrained as the "golden goose".
But you cant blame people who didn't see it coming, the shower of cúnts who were voted in to represent us, were the ones shouting the loudest "soft landing", "harbingers of doom" "talk down the economy", fecking shills.

AckwelFoley

This thread is making major fooools out of some people that posted in it 4 years ago

Armin_Tamzarian

joejoem wrote: »

:rolleyes: suprise suprise. Everyone is an expert when it comes to property. Property is reaching its true value in my opinion. As a small coutry we are majorly affected by supply here, we have a limited amount of land, especially close to the city in Dublin. Prices will climb for another 2 -3 years and then level off with the possibility of a small decline.

Way to go Nostradamus...

Sea Sharp

In 20 years time people will be browsing old Boards forums like this for their history essays lol.

super_furry

http://www.boards.ie/vbulletin/showthread.php?t=2055033806

You could write a thesis on that one.

Overheal

Some of the people in the start of the thread - wow, you were So wrong. "Its the paper though! DONT TRUST JOURNALISTS! TRUST NOBODY!"

As if you had looked at the Data. You hadn't. Neither had I, but then I am pretty damn sure I never refuted or discussed the Bubble back then.

Armin_Tamzarian wrote: »

Way to go Nostradamus...

I prefer to get my insight from Negrodamus.

'Audience Member: Negrodamus, why is George Bush so sure there are WMDs in Iraq?'

'Negrodamus: Because - He has the receipt. Next Question.'

AckwelFoley

Overheal wrote: »

Some of the people in the start of the thread - wow, you were So wrong. "Its the paper though! DONT TRUST JOURNALISTS! TRUST NOBODY!"

As if you had looked at the Data. You hadn't. Neither had I, but then I am pretty damn sure I never refuted or discussed the Bubble back then.
I prefer to get my insight from Negrodamus.

'Audience Member: Negrodamus, why is George Bush so sure there are WMDs in Iraq?'

'Negrodamus: Because - He has the receipt. Next Question.'

Negrodamus = colonel powell?

Overheal

snyper wrote: »

Negrodamus = colonel powell?

google it

m5ex9oqjawdg2i

Lol some of those posts are quite funny to read.

The same type of thinking got us into this mess in the first place. It's simple economics. Markets go up and down. All the time, you just need to study past trends...

Poor Uncle Tom

Jeremiah 33 3 wrote: »

It's interesting to read this thread. Back when this thread was first posted, I was a lurker on boards and still in college. Afterhours was a place to discuss general things. Notice the lack of Yore Ma and funny one liners?:pac:

Then it was bumped two years later and we had the "Ho ho-times have certainly changed!" and Yore Ma graced us with her presence.

Now, I bump it and it the economy has kind of tanked in the mean time. There will be lots of "In before the lock", linking to facepalm and other memes and the whole rough and tumble of modern Afterhours culture and thanks whoring.

Before it's locked, can a moderator make a mental note to bump this in 2 year's time? I want to see the Buzz generation making their contribution as well.:pac:

Won't be buying a house for a few years. Will save some money first before taking out a moderate mortgage for a moderately sized house.

Moderate post, tbh....

Guy:Incognito

Willa Stale Self-indulgence wrote: »

Lol some of those posts are quite funny to read.

The same type of thinking got us into this mess in the first place. It's simple economics. Markets go up and down. All the time, you just need to study past trends...

Thats the way everything works though, people pull a good guess from their ass and think they are the svaiour. How many things have been discussed without detractors? They have to be right some times. Sling enough mud and all that. Then it gets resurrected like some sort of prophetic bible.

Wheres all the threads full of bull that never happened? Search Run_to_da_hills threads for ammo. Sorry RTDH :P We're all suppose to be livign is forced labour camps hooked up to machines to harvest our organs by now.

Wagon

Kinetic^ wrote: »

You get nothing at the end of renting for 20 years.

But you aren't trapped if you decide to move. you're still free.

RoundyMooney

Ah don't lock it, let's come back in another two years.

I'm looking back now, and thank my lucky stars I'm not in negative equity and made a few bob when I could. Well worth rereading though.

Red Hand

Poor Uncle Tom wrote: »

Moderate post, tbh....

Thanks, Moderator.;)

XD My Dad predicted this in 2005 and will never let us forget it.

m5ex9oqjawdg2i

Stekelly wrote: »

Thats the way everything works though, people pull a good guess from their ass and think they are the svaiour. How many things have been discussed without detractors? They have to be right some times. Sling enough mud and all that. Then it gets resurrected like some sort of prophetic bible.

Wheres all the threads full of bull that never happened? Search Run_to_da_hills threads for ammo. Sorry RTDH :P We're all suppose to be livign is forced labour camps hooked up to machines to harvest our organs by now.

It's not a guess though. It's economics. Take a look at past trends and make decisions based on that. You cannot predict when it will happen or how bad it's going to be, but I can tell you that this will happen again and again and again. How bad that is depends on what decisions we make now. If we are wreckless then it will be tough, if we are cautious and grow steadily then we won't be effected as badly.

Deleted User wrote: »

XD My Dad predicted this in 2005 and will never let us forget it.

Lots of people made the same perdiction but it's not that hard to do, I mean, you cannot tell when this is going to happen, but it is going to happen

Tigger

magpie wrote: »

As a matter of interest who here among the prophets of doom owns a property, and who among the "status quo" brigade is renting?

I own a property and I don't expect a crash. Natch.

i was rentinmg then an' i'm renting now

so i'm still enjoying the quo

OutlawPete

The David McWilliams' series The Pope's Children was blasted by Government in early 2007 because in one of the episodes or an interview plugging the programme I think, he talked of a possible recession leading to negative equity.

https://www.youtube.com/watch?v=Y1-_1OQuiX4