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Mullingar Apartments All Sold!

Idbatterim · 2010-03-30 11:29:47

Take a read of the below link. http://www.independent.ie/business/personal-finance/property-mortgages/price-is-right-as-1000-join-the-queue-to-buy-46-apartments-2115526.html It tells me that us Irish do still want to buy, we just want to buy at the right price! Can we expect many more firesales over the next few months /…

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#32 01-04-2010 5:06pm
Dilynnio

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Who wants to live there?

Hmmmm.......the Irish are gas......if there were cheap apts going on the moon they would try to buy them!!!

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#33 01-04-2010 5:07pm
fontanalis

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Dilynnio wrote: »

Who wants to live there?

Hmmmm.......the Irish are gas......if there were cheap apts going on the moon they would try to buy them!!!

How much? Are there opportunities for a canny and savvy ftb?
I think I read somewhere that there are cheap ones going to go next in Longford.

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#34 01-04-2010 5:08pm
Dilynnio

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accensi0n wrote: »

It's just a buzz word.

I'm on the car ladder, laptop ladder and clothes ladder at the moment.

Aren't we the lucky ones!

The safest place to be!:D

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#35 04-04-2010 9:42am
AARRRRGH

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testicle wrote: »

Most lenders won't give a mortgage on sums less than €100k, so I hope these prospective purchasers have a lot of cash.

Urban myth. If you dont believe me go in and ask your bank manager. If you are in a good situation banks will loan you as little as you want. A guy I work with bought an apartments for his mother a few weeks ago. He paid some cash from savings got a mortgage of 95k.

Investors will stay out of the property market too because or taxes and that they can only write off 75% of the loan interest. So id say FTBs have this market to themselves.

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#36 04-04-2010 9:47am
AARRRRGH

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From the article.
The mortgage repayments on two-bed apartments are €264.85 per month

:eek:

I spend more than that on coffee in a month.
But id rather drink my coffee than live in Mullingar.

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#37 04-04-2010 9:52am
stepbar

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Wait until you see most wont even get a mortgage. The person who is pictured on yesterdays indo as accepting her keys hadn't even a mortgage secured! Idiot.

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#38 04-04-2010 3:20pm
m5ex9oqjawdg2i

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Looks like a lot of people in this thread are pissed off that they didn't get such opportunities when they bought their homes. Lol...

under 100K for a 3 bed apartment? That's pretty good. If somebody wants to buy them then let them on. What's it to ya? It's a great deal to some people, so let them be.

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#39 04-04-2010 5:02pm
AARRRGH

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Kash Plump Spanish wrote: »

under 100K for a 3 bed apartment? That's pretty good.

You only think that because you are comparing the price with bubble prices.

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#40 04-04-2010 7:06pm
stepbar

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Kash Plump Spanish wrote: »

Looks like a lot of people in this thread are pissed off that they didn't get such opportunities when they bought their homes. Lol...

under 100K for a 3 bed apartment? That's pretty good. If somebody wants to buy them then let them on. What's it to ya? It's a great deal to some people, so let them be.

You think so? Massive Lol. Good value maybe in somewhere a 'bit' closer to Dublin it is.

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#41 04-04-2010 7:33pm
Duffmanic

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You guys are the biggest crowd of doom and gloom merchants I have ever seen, who are yous to predict that them apartments will be worth less than 70 or80 K in a few years.
What do you expect, to sit on ur ass and get things handed to you for next to notting, if u want nice things in life u have to work hard for them and pay for them, that's life.
People will always want there own home and as long as that's the case there will always be a demand for property.
I do agree that prices for property did go crazy and still need to come down in certain areas, when they become affordable again people will start buying.
It might not be fair that buying a house is a lifetime commitment but that's the way the world works
A 260 euro a month mortgage between 2 people is a very good deal, how could u expect a cheaper mortgage than that

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#42 04-04-2010 7:40pm
testicle

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Duffmanic wrote: »

You guys are the biggest crowd of doom and gloom merchants I have ever seen, who are yous to predict that them apartments will be worth less than 70 or80 K in a few years.
What do you expect, to sit on ur ass and get things handed to you for next to notting, if u want nice things in life u have to work hard for them and pay for them, that's life.
People will always want there own home and as long as that's the case there will always be a demand for property.
I do agree that prices for property did go crazy and still need to come down in certain areas, when they become affordable again people will start buying.
It might not be fair that buying a house is a lifetime commitment but that's the way the world works
A 260 euro a month mortgage between 2 people is a very good deal, how could u expect a cheaper mortgage than that

Do you know mdebets ?

A 260 a month mortgage betweek 2 people sounds good now, but they'll be 130 a month in a year or two. Doesn't sound so good now does it?

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#43 04-04-2010 8:02pm
AARRRGH

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Duffmanic wrote: »

What do you expect, to sit on ur ass and get things handed to you for next to notting, if u want nice things in life u have to work hard for them and pay for them, that's life.

Are you aware property in Ireland is extremely overpriced?

No one here wants anything for nothing. We just want a healthy property market. That means:

a) no property bubbles
b) no overpriced property
c) no underpriced property

We have just left a property bubble and are currently stuck with a load of overpriced property.

We are being sensible.

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#44 04-04-2010 8:32pm
Duffmanic

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Prices were overpriced but are coming down,i am sick of all these doom merchants who are scaring people with there forcasts for the future. The late late show was a disgace the other nite with that prick of a kevin myers telling us all how bleak the future is, what does he know about it the anti Irish dick. It's people like him and the trashy tabloid newspapers who are keeping us in recession, oh no years of hardship and darkness ahead.
I dont think we know how lucky we are, all we have to worry about now is corrupt politics and greedy bankers and falling house prices, try imagine if we lived ina country like Iraq or third world countrys in Africa where goverments spend all there money on war, we would have something to whinge about.

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#45 04-04-2010 9:19pm
Zamboni

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Duffmanic wrote: »

Prices were overpriced but are coming down,i am sick of all these doom merchants who are scaring people with there forcasts for the future. The late late show was a disgace the other nite with that prick of a kevin myers telling us all how bleak the future is, what does he know about it the anti Irish dick. It's people like him and the trashy tabloid newspapers who are keeping us in recession, oh no years of hardship and darkness ahead.
I dont think we know how lucky we are, all we have to worry about now is corrupt politics and greedy bankers and falling house prices, try imagine if we lived ina country like Iraq or third world countrys in Africa where goverments spend all there money on war, we would have something to whinge about.

Here I think you will like this site for comparison
http://www.globalrichlist.com/

Also thanks. I just watched the LLS on the RTE player and that is not doom and gloom, that is realism.

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#46 04-04-2010 9:28pm
AARRRGH

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Duffmanic wrote: »

It's people like him and the trashy tabloid newspapers who are keeping us in recession

Ah yeah, nothing to do with the financials, we are talking ourselves into a recession! :rolleyes:

Duffmanic wrote: »

I dont think we know how lucky we are, all we have to worry about now is corrupt politics and greedy bankers and falling house prices, try imagine if we lived ina country like Iraq or third world countrys in Africa where goverments spend all there money on war, we would have something to whinge about.

I agree with you on this point.

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#47 05-04-2010 8:23am
wyndham

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One bed apartment in Parnell Street, Dublin 1 - Asking €95,000 :

www.daft.ie/1510381

The price is right in Mullingar?

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#48 05-04-2010 10:09am
AARRRRGH

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wyndham wrote: »

One bed apartment in Parnell Street, Dublin 1 - Asking €95,000 :

www.daft.ie/1510381

The price is right in Mullingar?

Id rather live in Mullingar than in those apartments. And thats saying something, because I hate Mullingar.

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#49 05-04-2010 10:14am
wyndham

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I would too, but the letting potential has to be 100 times greater in Parnell St.

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#50 05-04-2010 10:28am
AARRRRGH

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wyndham wrote: »

I would too, but the letting potential has to be 100 times greater in Parnell St.

True, but I think investors are being squeezed out though. No investor is going to invest in property with the threat of more taxes hanging over them and only 75% of interest being allowable. And then they have the NPPR of €200 and PRTB on top of that.

Its just not attractive enough for the investor.

Id be afraid to go to that apartment at night, and im not small

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#51 05-04-2010 12:45pm
AARRRGH

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AARRRRGH wrote: »

Id be afraid to go to that apartment at night, and im not small

I lived in that area (Blessington Street) for a while and it is grand. You only get trouble if you want it. Those apartments are actally just beside the Cineworld cinema so it's not a bad area at all.

Odd though that they haven't included any photos.

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#52 05-04-2010 12:57pm
billybigunz

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Duffmanic wrote: »

Prices were overpriced but are coming down,i am sick of all these doom merchants who are scaring people with there forcasts for the future. The late late show was a disgace the other nite with that prick of a kevin myers telling us all how bleak the future is, what does he know about it the anti Irish dick. It's people like him and the trashy tabloid newspapers who are keeping us in recession, oh no years of hardship and darkness ahead.
I dont think we know how lucky we are, all we have to worry about now is corrupt politics and greedy bankers and falling house prices, try imagine if we lived ina country like Iraq or third world countrys in Africa where goverments spend all there money on war, we would have something to whinge about.

I'm sick of people like you who fuelled this debt bubble and who have ruined this country. You have caused untold misery with forced emigration, lives ruined through unemployment and suicide.

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#53 05-04-2010 12:59pm
stepbar

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AARRRGH wrote: »

I lived in that area (Blessington Street) for a while and it is grand. You only get trouble if you want it. Those apartments are actally just beside the Cineworld cinema so it's not a bad area at all

That apt is the OPPOSITE end of Cineworld just past Chinatown on towards the Gardiner St junction. Quite possibly the worst and scumiest end of Parnell St.

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#54 05-04-2010 4:05pm
iguana

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I'm sorry mods, I know this is off topic, but;

AARRRGH and AARRRRGH, on the same thread. I'm so confused.

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#55 05-04-2010 4:13pm
AARRRGH

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iguana wrote: »

I'm sorry mods, I know this is off topic, but;

AARRRGH and AARRRRGH, on the same thread. I'm so confused.

I know. He should change his name.

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#56 05-04-2010 8:31pm
AARRRRGH

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AARRRGH wrote: »

I know. He should change his name.

I think I probably will when i get round to it.

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#57 06-04-2010 12:32am
el diablo

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iguana wrote: »

I'm sorry mods, I know this is off topic, but;

AARRRGH and AARRRRGH, on the same thread. I'm so confused.

I though AARRRGH was having a conversation with himself till I saw this post.

What's with this new AARRRRGH dude copying your username.... strange...

We're all in this psy-op together.🤨

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#58 07-04-2010 9:40pm
AARRRRGH

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el diablo wrote: »

I though AARRRGH was having a conversation with himself till I saw this post.

What's with this new AARRRRGH dude copying your username.... strange...

Its all explained elsewhere.

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#59 07-04-2010 9:45pm
AARRRRGH

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testicle wrote: »

Do you know mdebets ?

A 260 a month mortgage betweek 2 people sounds good now, but they'll be 130 a month in a year or two. Doesn't sound so good now does it?

If I can spend that €260 on coffee in a month (**** I could even spend €130 on a night on the piss), its a damned good price for someone who wants to live there. The speed of the sales and the amount of people looking for them proves there is plenty of demand at that price. I bet the next lot are priced higher.

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