Queue to buy houses

EunanMac

endacl wrote: »

I'm in so!

Good decision, you need to get on our property ladder. Now we just need you sign a 100% mortgage and get your parents to sign as guarantors. Would you like a new car with that as well ?

All the ballsy people are buying property these days.

Thoie

EunanMac wrote: »

I think they come with a free patio heater if you buy today

endacl wrote: »

I'm in so!

I've always wanted a patio heater! endacl - I'll race you to the queue!

superman28

The houses are built to a half decent standard.. with a BER rating of A3 and 1200 sq feet.

I still wouldn't touch one with a ten foot barge poll...and queueing OVERNIGHT to view a house is a sad reflection of the distorted and controlled housing market in Dublin.. but good luck to them..

Ush1

If there is only 6 people and 60 houses available, why are they bothering queuing at all?

EunanMac

superman28 wrote: »

The houses are built to a half decent standard.. with a BER rating of A3 and 1200 sq feet.

I still wouldn't touch one with a ten foot barge poll...and queueing OVERNIGHT to view a house is a sad reflection of the distorted and controlled housing market in Dublin.. but good luck to them..

That would depend on who is certifying said houses. He who pays the piper calls the tune.
We've been there before as well.

Interestingly NAMA are the ones giving Gerry Gannon the money for this project.

Get your property supplements and recycle bins ready. Heavy 'news'papers are back.

gaius c

superman28 wrote: »

The houses are built to a half decent standard.. with a BER rating of A3 and 1200 sq feet.

I still wouldn't touch one with a ten foot barge poll...and queueing OVERNIGHT to view a house is a sad reflection of the distorted and controlled housing market in Dublin.. but good luck to them..

A3 is actually the legal minimum for new houses nowadays.

jmayo

It's nice to know "poor" old gerry gannon is still in business.
And this is after he was one of the Maple 10 and it is believed he had transferred over 12m in assets to the missus in 2009.

Can someone remind me how much has he cost the Irish taxpayer ?

Oh wait shure isn't he going to repay his debts to NAMA by getting NAMA to fund his developments.

BTW I wonder has anyone noticed that the land that got planning permission for a Islamic centre in Clongriffin is owned by NAMA and gerry gannon.
And the bould mr gannon gave his consent to the "Dublin Welfare Society" to make the application for the development on his land.

EunanMac

In case anyone has forgotten who the developer of this project is :

From wiki

Gerry Gannon, so-called 'man in the hat', is an Irish builder and property developer since the 1980s. Gannon plays a significant and leading role in the build-up and demise of the Irish property bubble. Gannon was at the center of the Anglo Irish Bank hidden loans controversy, which is a contributing element in the development for the 2008–2011 Irish banking crisis.

he 'Maple 10', also known as the Anglo 10 or the Golden Circle, was a group of Irish investors. The Maple 10 besides Gerry Gannon include Jackson O'Sullivan, John McCabe, Paddy McKillen, Jerry Conlan, Joe O’Reilly, Patrick Kearney, Brian O’Farrell, Gerry Maguire and Sean Reilly.

The Irish Office of the Director of Public Prosecutions (DPP) 'examined the file' on Anglo's "Maple 10" deals.

As reported by the Irish Independent newspapers on February 20, 2011, "a portfolio of properties worth about €12m was transferred into the name of developer Gerry Gannon's wife, Margaret, between 21 May and 10 December 2009".

Now NAMA is giving him the money to build these houses and RTE is acting as his estate agent

Isn't it lovely to see where your new water charges are going.

EunanMac

The next news will be that Lord Ballsbridge will be coming home

Grandpa Hassan

jay-me wrote: »

Based on the fact renting a shoddy bedsit has soared to 650 a month and beyond I am not in the least surprised! Even if you got a house to rent out you would do well! Landlords in this country would make you sick!

How is this the landlord's fault?

mariaalice

EunanMac wrote: »

Good decision, you need to get on our property ladder. Now we just need you sign a 100% mortgage and get your parents to sign as guarantors. Would you like a new car with that as well ?

All the ballsy people are buying property these days.

There are no 100% mortgages available today.

Eric Cartman

mariaalice wrote: »

There are no 100% mortgages available today.

Soon, the ink is probably still wet on the forms

mariaalice

Eric Cartman wrote: »

Soon, the ink is probably still wet on the forms

If that happens we are doomed, but I don't think it will. I am intrigued with all the post about 100% morgages, patio heaters, getting the deposit from the credit union( which you wont because of the ICB ) and very little posts about the increase in employment and gasp! some people can acutely budget and save for a deposit, and as someone pointed out its 6 people queuing.

dudara

Having to queue is terrible though. Whoever is in charge should do some form of pre-vetting and allocate numbers to interested parties. Then you just show up on the day according to your slot. But that wouldn't gather so much publicity would it?

seamus

mariaalice wrote: »

There are no 100% mortgages available today.

Well.....technically that's not true. All of the lenders are offering negative equity mortgages which allow 100%+ mortgages on a property.

But you're right that 100% mortgages are not available as a general retail product.

moxin

Look at their ages though, 23, 22, 27, and 20. Very young to have the ability to meet the lending criteria to afford a 240k minimum 2bed house in that estate, although they are couples. Anyone else suspect 35 year mortgages? (Banks still offer them)

http://www.independent.ie/business/personal-finance/property-mortgages/firsttime-buyers-queue-for-five-days-in-bid-for-homes-30560868.html
http://www.independent.ie/business/personal-finance/property-mortgages/house-hunters-queuing-for-five-days-before-new-homes-go-on-sale-30559705.html

Two-bed townhouses are €240,000, while the three-beds, of which there are 45, are between €280,000 and €290,000. Nine 149sq m (1,600sq ft) detached four-beds, all on corner sites, are priced at €400,000

quadrifoglio verde

Saint Sonner wrote: »

I'm confused!!!! What are you on about?

Sorry I read your initial question as how much one one room rented in one of the two beds go for with the other occupied by the owner under rent a room. Apologies

handlemaster

http://www.rte.ie/news/player/2014/0904/20643488-hopeful-housebuyers-queue-for-new-homes/

http://www.rte.ie/news/player/2014/0904/20643613-are-we-experiencing-a-house-bubble/

NightOfTheHunt

Tv3 lunchtime news covered the story just now and interviewed some of the people queuing

might be up on their tv3 player soon...

BeerSteakBirds

jay-me wrote: »

Based on the fact renting a shoddy bedsit has soared to 650 a month and beyond I am not in the least surprised! Even if you got a house to rent out you would do well! Landlords in this country would make you sick!

Price gouging rents are explained very well. Unlike other rental markets such as Germany there is a cartel operating and no rent regulation. Official Ireland is setting prices with a nod and a wink and trying to subjugate the renting class of people who form the backbone of the economy.

How can we regulate the cost of a mobile phone, landline (water charges?) etc and then turn around tell Vodafone et al that they cant charge above a certain amount for roaming data etc and we cant regulate something as basic to life as having a roof over your head ? There is no lack of supply. The country is awash with empty properties even in the city centre. I know Dublin inside out. The issue is that landlords are refusing to lower their prices to the market level. It's a cartel with government backing.
If you search properly you can get much lower than the rents advertised ''officially'' by official Ireland. I know people with ridiculously cheap rents and for commercial buildings in prime city centre locations they even got rent holidays and long leases for commercial buildings which are at lower rents than the rent of a house in the suburbs.



A fool and his money are soon parted. The smart money wont take out an article in the national newspapers. And you cant fix a market for any length of time without trouble. Pyramid schemes dont work. El stupido in his deckchair will be left holding the hot potato and nobody to pass it to. However Irish people are not that dense are they ? This has got to be the work of shills the same way they pay teens to camp outside the gigs of newly formed boybands who havent even played one gig yet. This is just a short term money grabbing con which will create more bankruptcies and wage slaves.
Remember what happened when Ireland and the UK tried to fix the price of their currencies in the ERM early 90s ? Soros and hedge funds tore the ass out of the exchequer in both cases. You cant beat the market. Anyone who thinks you can is frankly delusional, a dumbass or a liar.

Arbiter of Good Taste

BeerSteakBirds wrote: »

Price gouging rents are explained very well. Unlike other rental markets such as Germany there is a cartel operating and no rent regulation. Official Ireland is setting prices with a nod and a wink and trying to subjugate the renting class of people who form the backbone of the economy.

How can we regulate the cost of a mobile phone, landline (water charges?) etc and then turn around tell Vodafone et al that they cant charge above a certain amount for roaming data etc and we cant regulate something as basic to life as having a roof over your head ? There is no lack of supply. The country is awash with empty properties even in the city centre. I know Dublin inside out. The issue is that landlords are refusing to lower their prices to the market level. It's a cartel with government backing.
If you search properly you can get much lower than the rents advertised ''officially'' by official Ireland. I know people with ridiculously cheap rents and for commercial buildings in prime city centre locations they even got rent holidays and long leases for commercial buildings which are at lower rents than the rent of a house in the suburbs.



A fool and his money are soon parted. The smart money wont take out an article in the national newspapers. And you cant fix a market for any length of time without trouble. Pyramid schemes dont work. El stupido in his deckchair will be left holding the hot potato and nobody to pass it to. However Irish people are not that dense are they ? This has got to be the work of shills the same way they pay teens to camp outside the gigs of newly formed boybands who havent even played one gig yet. This is just a short term money grabbing con which will create more bankruptcies and wage slaves.
Remember what happened when Ireland and the UK tried to fix the price of their currencies in the ERM early 90s ? Soros and hedge funds tore the ass out of the exchequer in both cases. You cant beat the market. Anyone who thinks you can is frankly delusional, a dumbass or a liar.

So when rents were falling and tenants were demanding and getting rent reductions at every lease renewal, was this also a cartel of evil renters? Or does it only work one way?

Caliden

I still have no idea how these people can afford to queue if they have a job.

If they don't have a job, how are they getting a mortgage to buy the house?

If they're not getting a mortgage, where exactly did the 200k+ come from?


Really smells like a PR stunt in order to drum up interest in the properties. 8 people isn't a queue, it's a shill gathering.

BeerSteakBirds

Arbiter of Good Taste wrote: »

So when rents were falling and tenants were demanding and getting rent reductions at every lease renewal, was this also a cartel of evil renters? Or does it only work one way?

The prices of property and rents never fell hard enough or fast enough. The true financial holocaust has been set firmly onto the shoulders of the taxpayers, not the landlords, well connected and developers.

whippet

BeerSteakBirds wrote: »

The prices of property and rents never fell hard enough or fast enough. The true financial holocaust has been set firmly onto the shoulders of the taxpayers, not the landlords, well connected and developers.

such rubbish!!!

I'm a LL .. and I am charging just below market rent for my house and I am not making a single penny from the rental. I don't want to be a LL but circumstances dictate that I have to.

DublinDilbert

Caliden wrote: »

I still have no idea how these people can afford to queue if they have a job.

If they don't have a job, how are they getting a mortgage to buy the house?

If they're not getting a mortgage, where exactly did the 200k+ come from?


Really smells like a PR stunt in order to drum up interest in the properties. 8 people isn't a queue, it's a shill gathering.

I made this point to someone last night that they must of taken the week off work.

I would suspect a partial set up, possibly offered a little discount for their time/effort. And its worked a charm, 4 pages here & mentioned on every radio station this morning + RTE + TV3 etc....

A person working in my bank mentioned this to me as "good news" this morning and told me the 23 year old working in retail is probably in management :rolleyes: I then asked her what she reckoned the 20 year old that was buying worked in

Arbiter of Good Taste

DublinDilbert wrote: »

I made this point to someone last night that they must of taken the week off work.

I would suspect a partial set up, possibly offered a little discount for their time/effort. And its worked a charm, 4 pages here & mentioned on every radio station this morning + RTE + TV3 etc....

A person working my bank mentioned this to me as "good news" this morning and told me the 23 year old working in retail is probably in management :rolleyes: I then asked her what she reckoned the 20 year old that was buying worked in

Actually, I think you might be right. Apparently there's only a small number going at the stated price. Next week they all go up....

Barely Hedged

BeerSteakBirds wrote: »

Price gouging rents are explained very well. Unlike other rental markets such as Germany there is a cartel operating and no rent regulation. Official Ireland is setting prices with a nod and a wink and trying to subjugate the renting class of people who form the backbone of the economy.

How can we regulate the cost of a mobile phone, landline (water charges?) etc and then turn around tell Vodafone et al that they cant charge above a certain amount for roaming data etc and we cant regulate something as basic to life as having a roof over your head ? There is no lack of supply. The country is awash with empty properties even in the city centre. I know Dublin inside out. The issue is that landlords are refusing to lower their prices to the market level. It's a cartel with government backing.
If you search properly you can get much lower than the rents advertised ''officially'' by official Ireland. I know people with ridiculously cheap rents and for commercial buildings in prime city centre locations they even got rent holidays and long leases for commercial buildings which are at lower rents than the rent of a house in the suburbs.



A fool and his money are soon parted. The smart money wont take out an article in the national newspapers. And you cant fix a market for any length of time without trouble. Pyramid schemes dont work. El stupido in his deckchair will be left holding the hot potato and nobody to pass it to. However Irish people are not that dense are they ? This has got to be the work of shills the same way they pay teens to camp outside the gigs of newly formed boybands who havent even played one gig yet. This is just a short term money grabbing con which will create more bankruptcies and wage slaves.
Remember what happened when Ireland and the UK tried to fix the price of their currencies in the ERM early 90s ? Soros and hedge funds tore the ass out of the exchequer in both cases. You cant beat the market. Anyone who thinks you can is frankly delusional, a dumbass or a liar.

This post is straight out of cloud cuckoo land.

BeerSteakBirds wrote: »

Price gouging rents are explained very well. Unlike other rental markets such as Germany there is a cartel operating and no rent regulation. Official Ireland is setting prices with a nod and a wink and trying to subjugate the renting class of people who form the backbone of the economy.

There is no "setting" of rents.

BeerSteakBirds wrote: »

There is no lack of supply. The country is awash with empty properties even in the city centre. I know Dublin inside out. The issue is that landlords are refusing to lower their prices to the market level. It's a cartel with government backing.
If you search properly you can get much lower than the rents advertised ''officially'' by official Ireland. I know people with ridiculously cheap rents and for commercial buildings in prime city centre locations they even got rent holidays and long leases for commercial buildings which are at lower rents than the rent of a house in the suburbs.

Where exactly in Dublin is it awash with properties?

The landlords refuse to lower the rent or potential tenants are paying what theyre willing to pay?

They might have cheap rents because they have been insitu for a long time, considered good tenants etc. This however is a very small minority of the market and can not be extrapolated to the entire market.

BeerSteakBirds wrote: »

Remember what happened when Ireland and the UK tried to fix the price of their currencies in the ERM early 90s ? Soros and hedge funds tore the ass out of the exchequer in both cases. You cant beat the market. Anyone who thinks you can is frankly delusional, a dumbass or a liar.

Really??? This is what you call a good analogy.

This entire post reads like something out of a mad cap socialist leaflet.

davo10

BeerSteakBirds wrote: »

Price gouging rents are explained very well. Unlike other rental markets such as Germany there is a cartel operating and no rent regulation. Official Ireland is setting prices with a nod and a wink and trying to subjugate the renting class of people who form the backbone of the economy.

How can we regulate the cost of a mobile phone, landline (water charges?) etc and then turn around tell Vodafone et al that they cant charge above a certain amount for roaming data etc and we cant regulate something as basic to life as having a roof over your head ? There is no lack of supply. The country is awash with empty properties even in the city centre. I know Dublin inside out. The issue is that landlords are refusing to lower their prices to the market level. It's a cartel with government backing.
If you search properly you can get much lower than the rents advertised ''officially'' by official Ireland. I know people with ridiculously cheap rents and for commercial buildings in prime city centre locations they even got rent holidays and long leases for commercial buildings which are at lower rents than the rent of a house in the suburbs.



A fool and his money are soon parted. The smart money wont take out an article in the national newspapers. And you cant fix a market for any length of time without trouble. Pyramid schemes dont work. El stupido in his deckchair will be left holding the hot potato and nobody to pass it to. However Irish people are not that dense are they ? This has got to be the work of shills the same way they pay teens to camp outside the gigs of newly formed boybands who havent even played one gig yet. This is just a short term money grabbing con which will create more bankruptcies and wage slaves.
Remember what happened when Ireland and the UK tried to fix the price of their currencies in the ERM early 90s ? Soros and hedge funds tore the ass out of the exchequer in both cases. You cant beat the market. Anyone who thinks you can is frankly delusional, a dumbass or a liar.

I'm sorry, I'll admit from the start I only read a few lines if this as I assumed it was someone trolling, but the obvious difference is that one involves a variable of time on phone and location, the other depends on size of house, location, condition etc. if you can't tell the difference between the macro/micro economics of the phone and home market, what's the point in posting?

Sleepy

A 23 year old working in retail could well have a late twenties / early thirties boyfriend/girlfriend/husband/civil-parter who earns 5/6 times her salary co-signing the mortgage agreement...

And anyone who's been saving for a mortgage deposit could well have annual leave to use up since it's unlikely they've been taking much holidays lately.

I'm not saying the developer hasn't thrown them a few quid to create some hype but the reasoning being used to "prove" it, doesn't really hold up to much scrutiny.

Funnyonion79

whippet wrote: »

such rubbish!!!

I'm a LL .. and I am charging just below market rent for my house and I am not making a single penny from the rental. I don't want to be a LL but circumstances dictate that I have to.

Whippet +1