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Is it madness to buy our first home now??
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Theboinkmaster wrote: »I gave you 26 reasons on the previous page which you've conveniently chosen to ignore.
I saw that as well
He's probably an estate agent:p
That would be the only reason he could believe his bull****.Blind faith if I ever saw it.
Wages are going down and taxes, energy and everything else are only going up.
Doesn't take a genius to see that its going to be a few very hard years for ous normal people.
I guess Donalg hasn't been affected by the USC:D
Everyone has been affected by the USC and if that's all you have to moan about you must be doing alright some people have had a lot more cuts than the USC now in all fairness.
What bull are u referring to by the way. How is saying that if you can get a mortgage and find a house you like and can afford you should buy bull****?
I think telling someone not to buy because house prices are decreasing is bull**** as its a personal choice at the end of the day. Losing out on ur dream home because a few scaremongering begrudging f###### tell you that you will be screwed if you buy now seems like bull to me now.
You might prefer to rent but that doesn't mean its a better option for someone with the ability to get a mortgage. Its just the Irish way though always give out about those in a better position than yourself try bring em down cause its not fair they can get something you can't.
And the only bull round here its obviously coming from you. I must be an estate agent yet I don't know bout the USC that's either stupid or bull. By that argument you must be a landlord.0 -
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Again you reply with nonsense that has nothing to do with the questions asked by the op. Just talking bull won't help the op so gtfo boinkmaster
How is it nonsense I used basic mathematics to prove you wrong, with illustrative figures. I also posted 26 reasons why property prices would decline further. You ignored this completely just dismissing them as 'speculative'.
Explain how things such as rising emigration or unemployment is speculative?
Go through each of these 26 reasons and contradict each one - go on:
A) Income taxes will rise substantially for everybody
Significant Property taxes will be introduced for owners
C) Significant Indirect tax increases- VAT/Excise
D) Interest relief for investors will be further reduced from current 75%
E) Rent Allowance will be decreased by some material percentage
F) Personal Insolvencies will increase when the law is changed in their favour
G) Continued downward wage pressures-or no pay increases at least till 2015
H) As competition in Banking is reduced then mortgage margins will rise
I) Emigration will continue by current and future potential homeowners
J) NAMA releasing finished properties onto the market mopping up demand
K) ECB raising interest rates to normal levels once Europe crises recovers, ie by 1%-3%
L) Property owners/investors in tight financial straits will be forced to sell
M) People realise that property in Ireland is still expensive vs other countries
N) More builders are put into receivership and properties are sold at large discounts - don't forget there are 300,000 empty properties
O) Rising fuel prices decrease disposable income and discourage commuting
P) The Croke Park agreement falls apart and public sector pay falls
Q) Unemployment rises and
R) Loss of economic sovereignty
T) Deflation or very low inflation causes debt to have to be repaid in full rather than inflated away at lenders expense.
U) Stiffer regulation forces banks to provide mortgages with more caution
V) Interbank lending to Irish Banks does not return to pre-crisis levels and the Banks have to price margins very conservatively-A given
W) Building costs decline further as NERA is disbanded and new build houses can be profitably sold for less.
X) Development land has plummeted so land costs can lead to further downward pressure on prices of future developments.
Y) Commercial rents continue to decline and contagion negative pressures apply to residential rents leading to lower property asking prices
Z) Contrarily the current booming birth rate will provide demand in 25 years time-for subsidised housing at the least0 -
Theboinkmaster wrote: »Again you reply with nonsense that has nothing to do with the questions asked by the op. Just talking bull won't help the op so gtfo boinkmaster
How is it nonsense I used basic mathematics to prove you wrong, with illustrative figures. I also posted 26 reasons why property prices would decline further. You ignored this completely just dismissing them as 'speculative'.
Explain how things such as rising emigration or unemployment is speculative?
Go through each of these 26 reasons and contradict each one - go on:
A) Income taxes will rise substantially for everybody Significant Property taxes will be introduced for owners
C) Significant Indirect tax increases- VAT/Excise
D) Interest relief for investors will be further reduced from current 75%
E) Rent Allowance will be decreased by some material percentage
F) Personal Insolvencies will increase when the law is changed in their favour
G) Continued downward wage pressures-or no pay increases at least till 2015
H) As competition in Banking is reduced then mortgage margins will rise
I) Emigration will continue by current and future potential homeowners
J) NAMA releasing finished properties onto the market mopping up demand
K) ECB raising interest rates to normal levels once Europe crises recovers, ie by 1%-3%
L) Property owners/investors in tight financial straits will be forced to sell
M) People realise that property in Ireland is still expensive vs other countries
N) More builders are put into receivership and properties are sold at large discounts - don't forget there are 300,000 empty properties
O) Rising fuel prices decrease disposable income and discourage commuting
P) The Croke Park agreement falls apart and public sector pay falls
Q) Unemployment rises and
R) Loss of economic sovereignty
T) Deflation or very low inflation causes debt to have to be repaid in full rather than inflated away at lenders expense.
U) Stiffer regulation forces banks to provide mortgages with more caution
V) Interbank lending to Irish Banks does not return to pre-crisis levels and the Banks have to price margins very conservatively-A given
W) Building costs decline further as NERA is disbanded and new build houses can be profitably sold for less.
X) Development land has plummeted so land costs can lead to further downward pressure on prices of future developments.
Y) Commercial rents continue to decline and contagion negative pressures apply to residential rents leading to lower property asking prices
Z) Contrarily the current booming birth rate will provide demand in 25 years time-for subsidised housing at the least
I honestly can't be bothered boinkmaster I stopped taking you seriously when you resorted to giving abuse that to me shows a level of maturity that's not worth my while paying any attention to.
Tell me how many people will become unemployed by this time next year and how many people will have emigrated and if you get it right then ill accept its not speculative.0 -
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