renting dead money

K-9

Cut out the personal abuse and concentrate on the topic, last warning on it.

Monty Burnz

yosser hughes wrote: »

I don't know why you bother Monty. You're wasting your time with this guy.
Let him off.

Yes. I honestly didn't expect him to show that 'yield is less significant than capital appreciation' via his amazing 10 year projection. But I thought it was worthwhile asking just to give himself the opportunity to hang himself.

Milk & Honey wrote: »

I have told you what I did. You can't do a projection at all, yet you can come up with what you say is a universal truth.

What do you want, a worked example? Are you still in kindergarten?

And he doesn't disappoint.

Milk & Honey

I am still waiting to be shown, or even how it can be shown, that yield is more important which is your proposition of universal truth.
The daft report shows the number of properties to let in Dublin is falling. Rents are rising as would be expected with supply dropping.
The buyer profile is changing as found in the Lisney report. There are fewer investors buying. Fewer buying means fewer to let as found in the daft report.
Pro investors are not getting into the market in sufficient numbers to force down rents and offset those investors who are leaving the market.
The facts are the facts.

smash

Does anyone know how those rent-to-buy schemes worked out?

suicide_circus

H2UMrsRobinson wrote: »

This maybe oversimplifying things, for which i apologise, but I've got a roof over my head and food in the cupboards. I actually don't give a **** if I'm renting or buying. I'm happy, warm, dry and alive. I will eventually die and will probably only be remembered by my direct descendants. If I've done my job right they will not care wether or not I left them a house or not. They will simply remember me for the person I was and the memories they have of me. If you got the dough then buy a house, if you don't - then don't.

(Footnote, Absinthe makes you quite the philosopher and all round spouter of nonsense)

None of that is nonsense. Probably the most sensible and real post in this thread actually

MadsL

Yay for absinthe

Squ

B.A._Baracus wrote: »

So you are telling us Squ is a millionaire who likes to vist boards.ie in his spare time? :pac:

Ha wait till my wife reads that
Far from it, we just sold up at the right time (late 07) invested the balance in the BOI Evergreen Capital Guaranteed Fund and rented since.
The two year figure was solely for comparison as it was two years ago I started tracking the price of the house.

We are not investors or anything like it. Hopefully we never sell this house, the kids can do that when we're gone.

Jamsiek

Lacey Creamy Potato wrote: »

Yeah same as, ideally Id live and work in co.Galway/Galway city or somewhere nearby but working in Ireland is acceptable so I can head home when I want at weekends etc. I don't head home every weekend (go home maybe 70% of weekends and also spend time off at home) but I love always having the option and all you have to do is hop in the car.

I'm also from Galway and applaud you for wanting to stay at home but I find that I'm the total opposite.
I was at home for a year after leaving England and now I'm in Canada, I found Ireland such a depressing place so I'm glad I moved here.
Its good to know that people are still waiting to ride out the storm at home though.
I suppose one of the good things is that the cost of building a house has dropped a lot in the last couple of years.