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How to tell when the market is nearing the bottom!!! Easy

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Comments

  • #52
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,556 Mod ✭✭✭✭johnnyskeleton


    dianababyddori wrote: »
    No the sale prices were still the same... dont know why:confused:

    do you think house prices have hit rock bottom yet???

    As in you picked 3 random houses that were sold in 07 and those exact three same houses were sold again in 08 for the exact same prices?


  • #53
    dianababyddori
    Closed Accounts Posts: 35 ✭dianababyddori


    oceanclub wrote: »
    Which college/university? A google for "real estate in business" & "ireland" turns up 11 hits, none to do with courses.

    Course in athlone institute of technology.


    P.
    johnnyskeleton wrote: »
    As in you picked 3 random houses that were sold in 07 and those exact three same houses were sold again in 08 for the exact same prices?

    No they never were sold. like they have been on the market for sale since then but just saying that they never droped there prices but maybe they have in the last month or that. have'nt looked.


  • #54
    Hobky
    Closed Accounts Posts: 6 ✭Hobky


    Quote:
    Originally Posted by Hobky
    Bobbysands1 - Is the €119k referred to a real or nominal average house value?

    If we're talking real numbers then I might well fancy a flutter here.

    Please confirm time horizon (you're suggesting never - we'll need a definitive period), the odds on offer, the index base to be used (bear in mind the ESRI/PTSB HP Index may soon be discontinued) and the min/max bet you would consider.

    I would consider putting 10k down.

    Bobbysands1 - It's taken me a while but I've got 100 euro together.
    Again please confirm time horizon, the odds on offer and the index base to be used.


    Dianababydori - a siren will be sounded when the bottom is reached. About 8 years from now I'm guessing.


  • #55
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    dianababyddori wrote: »
    No they never were sold. like they have been on the market for sale since then but just saying that they never droped there prices but maybe they have in the last month or that. have'nt looked.

    Delusion.

    IPW has listed thousands of properties that have had their prices dropped since '07 and yet you find 3 that have not and use it to proclaim 'the bottom is near':rolleyes:

    Price drops across the board have been even acknowledged by estate agents themselves, yet you base your study on 3 properties, i think you have an agenda or just very naieve.


  • #56
    oceanclub
    Registered Users, Registered Users 2 Posts: 3,412 ✭✭✭oceanclub


    dianababyddori wrote: »
    No they never were sold. like they have been on the market for sale since then but just saying that they never droped there prices but maybe they have in the last month or that. have'nt looked.

    Sorry, Diana, are you saying that house prices aren't dropping because _three_ houses are still advertised at their original prices online? Sorry if I'm not understanding you.

    P.


  • #57
    JoeyJJ
    Registered Users, Registered Users 2 Posts: 3,663 ✭✭✭JoeyJJ


    Those prices remain the same because the developer isn't under pressure to shift them and is living in a dream land.


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