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Queue to buy houses

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13567…10

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    #62
    Valetta
    Closed Accounts Posts: 2,611 ✭✭✭Valetta


    Barely Hedged wrote: »
    This post is straight out of cloud cuckoo land.



    There is no "setting" of rents.



    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.



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

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

    Thank you.

    I was going to post a response, but really didn't know where to start, such was the incoherent ramblings in that post.

    Example:

    The issue is that landlords are refusing to lower their prices to the market level.

    The mind boggles.


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    #63
    BeerSteakBirds
    Closed Accounts Posts: 502 ✭✭✭BeerSteakBirds


    Barely Hedged wrote: »
    This post is straight out of cloud cuckoo land.

    Cloud Cuckoo land is to be found in the OP. An OP about which you firmly kept your vested interest mouth shut.
    Barely Hedged wrote: »
    There is no "setting" of rents.

    Nonsense. The whole market is rigged by NAMA , the banks etc.

    Barely Hedged wrote: »
    Where exactly in Dublin is it awash with properties?

    The whole place is awash with empty properties. Banks and NAMA refused over years to release them to the market because they knew it would collapse the market to its real value.

    Barely Hedged wrote: »
    Really??? This is what you call a good analogy.

    I don't need an analogy but that was a good one of market fixing which always fails. Anyone who seriously believes a pyramid scheme is a sensible thing needs his head examined. You cant pretend forever but you obviously prefer living in cloud cuckoo land
    Barely Hedged wrote: »
    This entire post reads like something out of a mad cap socialist leaflet.

    Yeah right. Wanting government to stop interfering in the market is socialism . ha ha ha ha ......hilarious . keep the jokes coming
    Your post reads like a cloud cuckoo land living psychotic or vested interest. Germany ( and its failed socialist economy according to you LOL) and the rest of Europe have proper rights for tenants which make renting a better option, something our banana republic infested country refuses to do. Yet strangely whenever it suits them to implement something they point to Europe as though we are the odd man out and should be embarrassed. Their silence is noted for the real changes they decline to copy from Europe though.
    Some shills on here must be worried that someone will see the truth and refuse to shackle themselves and their parents into a 35 year mortgage for a depreciating asset in a high tax low employment economy ;)

    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.

    ''I am a landlord'' <<< I read ''I am a vested interest whinger'' there. Boo Hoo
    Nobody owes you a living.


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    #64
    mortimer33
    Registered Users Posts: 135 ✭✭mortimer33


    BeerSteakBirds wrote: »
    I read ''I am a vested interest whinger'' there. Boo Hoo
    Nobody owes you a living.


    Guess what I read, when I saw this :)


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    #65
    drumswan
    Closed Accounts Posts: 2,592 ✭✭✭drumswan


    There is no cartel in the Dublin rental market, quite the opposite - it is run by thousands and thousands of independent tiny amateur landlords, huge rafts of which are completely unaware of their obligations - the whole thing is an unregulated mess. The idea that Paddy de amateur landlord is part of some "Official Ireland" conspiracy is laughable, he cannot even manage a single property correctly in most case, nevermind operate as part of a cartel.


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    #66
    BeerSteakBirds
    Closed Accounts Posts: 502 ✭✭✭BeerSteakBirds


    drumswan wrote: »
    There is no cartel in the Dublin rental market, quite the opposite - it is run by thousands and thousands of independent tiny amateur landlords, huge rafts of which are completely unaware of their obligations - the whole thing is an unregulated mess. The idea that Paddy de amateur landlord is part of some "Official Ireland" conspiracy is laughable, he cannot even manage a single property correctly in most case, nevermind operate as part of a cartel.

    its the end result. funny how angry people get about this. its also funny how sensitive people are to the publicity surrounding this. its the same old story way down the line from the ''dont talk down the economy'' lies of yesteryear.

    I only posted here for one reason and that is to inform someone that its their own fault if they wreck their futures by betting it on a one trick pony property.


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    #67
    whippet
    Registered Users Posts: 7,687 ✭✭✭whippet


    "BeerSteakBirds wrote:




    ''I am a landlord'' <<< I read ''I am a vested interest whinger'' there. Boo Hoo
    Nobody owes you a living.

    Where am I whinging? Where did I say I was owed a living?


    I corrected you on your misinformed belief that all landlords are manipulating the market. Actually pointless explaining to you as your previous claims about market rates prove that you have no real concept of the subject matter.

    Your contributions to this thread are just rambling rants with no factual basis.

    Getting back on thread ... This is simply a supply issue and the government have done nothing to address it. It's all well and good having premium prices in areas like SCD .. But having people queuing up to pay top dollar for a semi-d in a field outside if swords!!


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    #68
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    BeerSteakBirds wrote: »
    Cloud Cuckoo land is to be found in the OP. An OP about which you firmly kept your vested interest mouth shut.



    Nonsense. The whole market is rigged by NAMA , the banks etc.




    The whole place is awash with empty properties. Banks and NAMA refused over years to release them to the market because they knew it would collapse the market to its real value.




    I don't need an analogy but that was a good one of market fixing which always fails. Anyone who seriously believes a pyramid scheme is a sensible thing needs his head examined. You cant pretend forever but you obviously prefer living in cloud cuckoo land



    Yeah right. Wanting government to stop interfering in the market is socialism . ha ha ha ha ......hilarious . keep the jokes coming
    Your post reads like a cloud cuckoo land living psychotic or vested interest.
    Some shills on here must be worried that someone will see the truth and refuse to shackle themselves and their parents into a 35 year mortgage for a depreciating asset in a high tax low employment economy ;)




    ''I am a landlord'' <<< I read ''I am a vested interest whinger'' there. Boo Hoo
    Nobody owes you a living.

    What vested interest have i got to keep my mouth shut about?

    Is this the same NAMA that announced today they are developing large swathes of the Grand Canal basement? Thats some way to rig a market by increasing supply.

    For the second time, tell me exactly where in Dubin City Centre it is awash with properties?

    A pyramid scheme? What are you talking about.

    You talk about evil landlords setting unrealistic levels for rent, which smacks of socialism.

    I also like to think im not psychotic and im sure the number of people who will side with my posts from here on in, will corroborate that. What will that then say about your judgement/opinion of situations or people, let alone hypothesising about a market.


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    #69
    drumswan
    Closed Accounts Posts: 2,592 ✭✭✭drumswan


    whippet wrote: »
    Getting back on thread ... This is simply a supply issue and the government have done nothing to address it.
    A cynic might say they ARE addressing it - by doing nothing and deliberately driving up prices.


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    #70
    gaius c
    Registered Users Posts: 3,528 ✭✭✭gaius c


    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 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 :D
    If that actually is what it is, I think it's fair to say that it's backfired somewhat. A lot of the publicity is very negative.

    Lightening up the thread a bit. Waterford Whispers on the ball.
    http://waterfordwhispersnews.com/2014/09/04/nama-to-purchase-next-property-bubble-ahead-of-imminent-collapse/
    Pictures of young people waiting in line magically appeared online and in print due to some coincidental occurrence which probably didn’t involve estate agents or property developers ringing up journalists and telling them large numbers of people are queuing up the purchase their dream debt anchors.


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    #71
    dloob
    Registered Users Posts: 1,831 ✭✭✭dloob


    BeerSteakBirds wrote: »

    ''I am a landlord'' <<< I read ''I am a vested interest whinger'' there. Boo Hoo
    Nobody owes you a living.

    Apparently someone owes you a cheap house though :rolleyes:


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    #72
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    drumswan wrote: »
    A cynic might say they ARE addressing it - by doing nothing and deliberately driving up prices.

    So, theres been talk of a housing bubble for the past year and prior to that it was doom and gloom, the country is going no where etc etc.

    So what exactly should a debt laden goverment do in the past one year, just one year, to solve this issue?


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    #73
    Barely Hedged
    Closed Accounts Posts: 992 ✭✭✭Barely Hedged


    gaius c wrote: »
    If that actually is what it is, I think it's fair to say that it's backfired somewhat. A lot of the publicity is very negative.

    Lightening up the thread a bit. Waterford Whispers on the ball.
    http://waterfordwhispersnews.com/2014/09/04/nama-to-purchase-next-property-bubble-ahead-of-imminent-collapse/

    I think its more a case of the depths the national media now plumb where the delivery of a story as quick as possible, regardless of its context or quailty of content, is the priority.


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    #74
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    drumswan wrote: »
    There is no cartel in the Dublin rental market, quite the opposite - it is run by thousands and thousands of independent tiny amateur landlords, huge rafts of which are completely unaware of their obligations - the whole thing is an unregulated mess.
    This is what makes the "Official Ireland" conspiracy even funnier.

    If we had a market where the majority of rental properties were managed by large investment groups, our rental market would be much fairer and less prone to this manic up and down reactionary pricing that we have right now.

    NAMA got grief for selling huge swathes of apartments last week to massive investment groups but in reality this is exactly what the Dublin property market needs to calm the bubble and build a rental culture on a par with the rest of Europe.

    In short, if an "Official Ireland" rent cartel existed, our rental market would be in much better shape.


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    #75
    The_Morrigan
    Registered Users Posts: 9,368 ✭✭✭The_Morrigan


    BeerSteakBirds wrote: »
    its the end result. funny how angry people get about this. its also funny how sensitive people are to the publicity surrounding this. its the same old story way down the line from the ''dont talk down the economy'' lies of yesteryear.

    I only posted here for one reason and that is to inform someone that its their own fault if they wreck their futures by betting it on a one trick pony property.

    Don't post here again please - your tone and manner in which you have addressed the other members of this forum is unacceptable.


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    #76
    drumswan
    Closed Accounts Posts: 2,592 ✭✭✭drumswan


    seamus wrote: »
    In short, if an "Official Ireland" rent cartel existed, our rental market would be in much better shape.
    Hilarious but true!


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    #77
    boardie100
    Registered Users Posts: 387 ✭✭boardie100


    Sleepy wrote: »
    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.

    i dont think anyone mentioned in that article were over thirty...


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    #78
    paulers06
    Registered Users Posts: 548 ✭✭✭paulers06


    That's because they're all in neg eq


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    #79
    Potatoeman
    Registered Users Posts: 4,322 ✭✭✭Potatoeman


    Landlords are going to try and make as much as they can. Thats life. The problem is you cant rent longterm in this country so owning is always going to be more appealing. I dont think anyone can deny that NAMA has a huge impact on the market.


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    #80
    gaius c
    Registered Users Posts: 3,528 ✭✭✭gaius c


    Barely Hedged wrote: »
    I think its more a case of the depths the national media now plumb where the delivery of a story as quick as possible, regardless of its context or quailty of content, is the priority.

    Exactly. The story is presented entirely uncritically but the people reading it are going "WTF!!!"

    There's a serious gap between the perspective the media are trying to paint of this story and what the readers are taking from it.


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    #81
    moxin
    Registered Users Posts: 1,203 ✭✭✭moxin


    Sleepy wrote: »
    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.

    Think you maybe wrong on this, look at the links again.

    http://www.independent.ie/business/personal-finance/property-mortgages/house-hunters-queuing-for-five-days-before-new-homes-go-on-sale-30559705.html http://www.independent.ie/business/personal-finance/property-mortgages/firsttime-buyers-queue-for-five-days-in-bid-for-homes-30560868.html
    "I have my heart set on this," said retail manager Megan O'Shaughnessy (23), who is top of the queue.
    Megan plans to take it in turns with her fiance, a sales assistant, to ensure they don't lose their place in the line.
    The couple have saved €30,000 - 10pc of the house price - and secured a mortgage for the remaining €250,000.

    Does a sales assistant earn alot more money than a retail manager at age 23?


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    #82
    Zen 2nd
    Registered Users Posts: 509 ✭✭✭Zen 2nd


    I don't really see the sense in this. If the people who are queuing, genuinely want to purchase the property surely keeping it on the down low would be the way to go?

    Now that I am aware of these properties, what stops me from going there on Saturday, viewing the property and putting in a higher bid?


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    #83
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    moxin wrote: »
    Think you maybe wrong on this, look at the links again.

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


    Does a sales assistant earn alot more money than a retail manager at age 23?
    No, probably not, and using the 4.5 times combined salary equation for the mortgage means that they'd get €250k with a combined salary of €55k.

    Which would probably be right on the money; retail assistant @ ~€20k, retail manager @ ~€35k.


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    #84
    Tarzana
    Closed Accounts Posts: 2,062 ✭✭✭Tarzana


    Sleepy wrote: »
    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...

    The article states that her fiancé is a sales assistant.


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    #85
    Mike3549
    Registered Users Posts: 987 ✭✭✭Mike3549


    Zen 2nd wrote: »
    I don't really see the sense in this. If the people who are queuing, genuinely want to purchase the property surely keeping it on the down low would be the way to go?

    Now that I am aware of these properties, what stops me from going there on Saturday, viewing the property and putting in a higher bid?

    there are no bidding on new properties, asking price is the sale price.


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    #86
    mariaalice
    Registered Users Posts: 12,495 ✭✭✭✭mariaalice


    If those properties have an A1 or A2 rating they will be as cheep as chips to live in.


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    #87
    L1011
    Registered Users Posts: 68,903 ✭✭✭✭L1011


    mariaalice wrote: »
    If those properties have an A1 or A2 rating they will be as cheep as chips to live in.

    If the BER rating isn't fudged and spurious like nearly all of them. Valueless system


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    #88
    EunanMac
    Closed Accounts Posts: 454 ✭✭EunanMac


    mariaalice wrote: »
    If those properties have an A1 or A2 rating they will be as cheep as chips to live in.

    The mortgage payments on 295,000 over 35 years aren't


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    #89
    moxin
    Registered Users Posts: 1,203 ✭✭✭moxin


    EunanMac wrote: »
    The mortgage payments on 295,000 over 35 years aren't

    And one partner will be out of work having kids or if an illness\unemployment strikes. Oh and they'll have to fork out for childcare unless Grandma is a around! Bet the young people queuing have not considered their futures seriously.


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    #90
    mariaalice
    Registered Users Posts: 12,495 ✭✭✭✭mariaalice


    While I am all for being sensible if you were to take in to account ever this that and the other might happen you would never do anything, any young couple on low to average salaries, that have he discipline to save 30k are unlikely to do anything stupid.


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    #91
    ted1
    Registered Users Posts: 23,535 ✭✭✭✭ted1


    drumswan wrote: »
    There is no cartel in the Dublin rental market, quite the opposite - it is run by thousands and thousands of independent tiny amateur landlords, huge rafts of which are completely unaware of their obligations - the whole thing is an unregulated mess. The idea that Paddy de amateur landlord is part of some "Official Ireland" conspiracy is laughable, he cannot even manage a single property correctly in most case, nevermind operate as part of a cartel.
    Up to recently your statement would be true however there are now landlords with 1000+ units.


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