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Article: Crowds fail to materialise for launch of Millers Glen, Swords

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    #62
    EmilyHoward
    Banned (with Prison Access) Posts: 97 ✭✭EmilyHoward


    jellybear wrote: »
    4 bed- €399,950- €425,000

    That's quite expensive for a new development, you can get a 4-bed semi-detached in much nicer, settled parts of Dublin with better transport links (E.g. Castleknock) for that price.


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    #63
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    EmilyHoward wrote: »
    That's quite expensive for a new development, you can get a 4-bed semi-detached in much nicer, settled parts of Dublin with better transport links (E.g. Castleknock) for that price.

    I was going to refute your claim about 4 beds in Castleknock going for 400k- but I've managed to find 3 after about 30 seconds of searching- so yes, you're right- you can get a 4 bed in Castleknock for 400k (but keep in mind that Castleknock encompasses Dunsink and parts of Clonsilla (how Clonsilla is Castleknock- I have no idea.........)


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    #64
    jellybear
    Registered Users Posts: 3,231 ✭✭✭jellybear


    EmilyHoward wrote: »
    That's quite expensive for a new development, you can get a 4-bed semi-detached in much nicer, settled parts of Dublin with better transport links (E.g. Castleknock) for that price.

    Definitely agree with you. Wasn't overally impressed with them either.


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    #65
    Mongfinder General
    Registered Users Posts: 1,992 ✭✭✭Mongfinder General


    4 bed house at the back of Swords for 400k is silly money. It might be a reality though in a year's time.


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    #66
    faceman
    Moderators, Category Moderators, Arts Moderators, Entertainment Moderators, Social & Fun Moderators Posts: 16,636 CMod ✭✭✭✭faceman


    Rezident wrote: »
    Evidently, not a lot has been learned, I've been looking for a house for a long time and I think we're already seeing the start of the next (current!) bubble. Don't worry though, I am sure the government and the central bank will take care of everything this time . . . :eek:

    Again I'll ask the question. What is the lesson from the crash?


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    #67
    [Deleted User]
    Posts: 17,728 ✭✭✭✭ [Deleted User]


    The 3 bed semi d look to be priced well compared to the 2 bed townhouses, as the 3 beds didn't sell they might well come down in price.

    Article in indo today reckoning prices won't appreciate much going forward :)


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    #68
    gaius c
    Registered Users Posts: 3,528 ✭✭✭gaius c


    jimosterberg wrote: »
    Bank of Ireland are offering a 10 year fixed rate now at 4.99%. What is people's opinion of the value of this?
    Think of it like a casino. House always wins in the long run.
    BoI would have weighed up this offering carefully so as to not lose them money.
    brooke 2 wrote: »
    That's what I thought! No extra work or materials went into the house with the
    south facing garden. Crazy!!
    I see your point but the vendor (NAMA in this case) is entitled to secure as much as they can from the sale. It's certainly a lot fairer than two identical bids but a toss of the coin deciding who gets the dank, damp east-facing garden.
    EmilyHoward wrote: »
    That's quite expensive for a new development, you can get a 4-bed semi-detached in much nicer, settled parts of Dublin with better transport links (E.g. Castleknock) for that price.
    The estate is fairly far out of Swords with poor public transport links. Prices are quite over-inflated on that basis, even with the demand for larger size houses.


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    #69
    [Deleted User]
    Posts: 17,728 ✭✭✭✭ [Deleted User]


    faceman wrote: »
    Again I'll ask the question. What is the lesson from the crash?

    As individuals if people learned that the best time to buy is not when prices are rising due to high demand, high demand isn't sustainable so neither are the demand fueled increased prices.

    Considering the taxation model in Ireland now, USC, water & property tax the amount of after tax income people have is a lot less than 10 years ago, pre tax salaries are not much higher, unemployment rates are higher. There is nothing to sustain the increase in Dublin house prices seen in 2014 :)


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    #70
    who_ru
    Registered Users Posts: 2,033 ✭✭✭who_ru


    Augeo wrote: »
    As individuals if people learned that the best time to buy is not when prices are rising due to high demand, high demand isn't sustainable so neither are the demand fueled increased prices.

    Considering the taxation model in Ireland now, USC, water & property tax the amount of after tax income people have is a lot less than 10 years ago, pre tax salaries are not much higher, unemployment rates are higher. There is nothing to sustain the increase in Dublin house prices seen in 2014 :)

    The only thing left is media(independent & rte)/vested interests spin, hype and scaremongering.


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    #71
    mr_seer
    Registered Users Posts: 130 ✭✭mr_seer


    MouseTail wrote: »
    Because there will be money to be made. Bank of Scotland cleared their books of toxic loans in 2011 (loads of great bargains), and sold off the quality stuff to Certus.

    Unsecured long term loans in a country that has a 20-30% default rate would need to attract rates of over 20% to make Ireland attractive


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    #72
    audi12
    Banned (with Prison Access) Posts: 890 ✭✭✭audi12


    Proof there are plenty of fools left in this country queing for overpriced boxes madness more people in a few years who will blame the banks for giving them money


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    #73
    jay0109
    Registered Users Posts: 2,670 ✭✭✭jay0109


    audi12 wrote: »
    Proof there are plenty of fools left in this country queing for overpriced boxes madness more people in a few years who will blame the banks for giving them money

    Who's the fool....the food who buy and have a kid or 2- they'll not be kicked out of their gaff no matter how little they pay in future as times get tough.
    Or those that keep saving, paying ever rising rental prices- fek all sympathy if they get evicted. You won't have ex FF developers out protesting for you, thats for sure


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    #74
    Zane97
    Registered Users Posts: 306 ✭✭Zane97


    Are many people who are paying their mortgages overpaying them then?


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    #75
    audi12
    Banned (with Prison Access) Posts: 890 ✭✭✭audi12


    jay0109 wrote: »
    Who's the fool....the fold who buy and have a kid or 2- they'll not be kicked out of their gaff no matter how little they pay in future as times get tough.
    Or those that keep saving, paying ever rising rental prices- fek all sympathy if they get evicted. You won't have ex FF developers out protesting for you, thats for sure

    You know what you are right they will never get kicked out just blame the banks and go on radio with a sob story of how they were forced to buy. This country makes me sick rewarding mugs who make stupid decesions, listening to one of the people queing speak on the radio she seemed clueless and was about to hand over 200,000 plus


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    #76
    audi12
    Banned (with Prison Access) Posts: 890 ✭✭✭audi12


    we should all buy a house in ireland you dont have to pay your mortgage


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    #77
    jay0109
    Registered Users Posts: 2,670 ✭✭✭jay0109


    audi12 wrote: »
    You know what you are right they will never get kicked out just blame the banks and go on radio with a sob story of how they were forced to buy. This country makes me sick rewarding mugs who make stupid decesions, listening to one of the people queing speak on the radio she seemed clueless and was about to hand over 200,000 plus

    I can already hear David Hall II 5 years from now..."those people, who through no fault of their own, that took on large mortgages...."


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    #78
    audi12
    Banned (with Prison Access) Posts: 890 ✭✭✭audi12


    jay0109 wrote: »
    I can already hear David Hall II 5 years from now..."those people, who through no fault of their own, that took on large mortgages...."

    The only reason they are buying is because they saw on the news that houses are being snapped up and are afraid house prices will keep rising they have no clue as to whether the house they are buying is value.

    And we wonder why we have people heading off to england to go bankrupt and leave us to deal with their mess cowards


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    #79
    audi12
    Banned (with Prison Access) Posts: 890 ✭✭✭audi12


    But it is fine to go to england and leave the debts behind because the big bad banks held a gun to their heads and said take this money and buy this overpriced house didnt they thats right they didnt


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    #80
    jmayo
    Registered Users Posts: 13,186 ✭✭✭✭jmayo


    jellybear wrote: »
    24, so not 22 and yes, I am being pedantic but I just don't understand the negative spin being put on a positive news story. It's a pity the reporter didn't wait around to see the crowds of people I saw at 2:05pm :) looks like some people just prefer a 'failure' story :)

    Positive news story :D
    Increasing house prices is not a positive news story for the economy or for the poor sods trying to buy an affordable home.

    It is only a positive news story for all the vested interests (home owners, landlords, speculators, developers, banks, government and media types) who are up to their necks in debt and hope that they can inflate another property bubble to get them out of the mess of the last one.

    A real positive news story would be a picture of an Irish indigenous company building new R&D site (ala Kerry Group's Kerry Global Technology & Innovation Centre in Naas) or a site to meet exports to emerging markets in Middle East/Far East (ala Glanbia's UHT (Ultra-Heat-Treated) facility in Monaghan) or an irish company expanding it's customer base (ala Ryan Air's purchase of $10 billion worth of new aircraft).

    But in Irish media circles a failed developer being funded by the taxpayers to continue in business building more houses to sell at over inflated prices to people expected to queue for days is deemed a good economic news story.
    faceman wrote: »
    What's the lesson from the crash?

    Borrow, borrow, borrow and then give the two fingers to the ones who didn't, but who you expect to pay for your mistakes.
    MouseTail wrote: »
    Because there will be money to be made. Bank of Scotland cleared their books of toxic loans in 2011 (loads of great bargains), and sold off the quality stuff to Certus.

    Obviously Rabo and Danske are fools for getting out and what were RBS thinking when they tried to flog off Ulster. :rolleyes:

    I am not allowed discuss …



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    #81
    secondrowgal
    Registered Users Posts: 1,062 ✭✭✭secondrowgal


    Robbie G wrote: »
    Are many people who are paying their mortgages overpaying them then?

    I am and I am on a tracker.


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    #82
    jay0109
    Registered Users Posts: 2,670 ✭✭✭jay0109


    Nearly all sold according to the Indo today. A huge success said Sherry Fitz


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    #83
    Infoanon
    Registered Users Posts: 4,658 ✭✭✭Infoanon


    jay0109 wrote: »
    Nearly all sold according to the Indo today. A huge success said Sherry Fitz

    Would you expect them to say anything else ??

    Indo and Sherry Fitz have a vested interest in giving a positive spin, its unfortunate that FG/Labour did not bring in the promised legislation to deal with auctioneers and estate agents.


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    #84
    audi12
    Banned (with Prison Access) Posts: 890 ✭✭✭audi12


    jmayo wrote: »
    Positive news story :D
    Increasing house prices is not a positive news story for the economy or for the poor sods trying to buy an affordable home.

    It is only a positive news story for all the vested interests (home owners, landlords, speculators, developers, banks, government and media types) who are up to their necks in debt and hope that they can inflate another property bubble to get them out of the mess of the last one.

    A real positive news story would be a picture of an Irish indigenous company building new R&D site (ala Kerry Group's Kerry Global Technology & Innovation Centre in Naas) or a site to meet exports to emerging markets in Middle East/Far East (ala Glanbia's UHT (Ultra-Heat-Treated) facility in Monaghan) or an irish company expanding it's customer base (ala Ryan Air's purchase of $10 billion worth of new aircraft).

    But in Irish media circles a failed developer being funded by the taxpayers to continue in business building more houses to sell at over inflated prices to people expected to queue for days is deemed a good economic news story.



    Borrow, borrow, borrow and then give the two fingers to the ones who didn't, but who you expect to pay for your mistakes.



    Obviously Rabo and Danske are fools for getting out and what were RBS thinking when they tried to flog off Ulster. :rolleyes:
    Didnt you know no one loses in ireland on property not even the mugs who wait for days in the rain to buy an overpriced box these experts dont lose when they cant pay their bills and the builder doesnt lose when he cant pay the bank win win isnt it .. This is the country we live in


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    #85
    Idbatterim
    Registered Users Posts: 17,852 ✭✭✭✭Idbatterim


    Think of it like a casino. House always wins in the long run.
    BoI would have weighed up this offering carefully so as to not lose them money.
    They or rather "we" lost a fortune on those who took out trackers, they are losing money hand over fist, I cant ever see rates going down to that level again, so the 4.99% seems fairly decent in my opinion. Also the 3 bed semi d's are so much better value than the 2 beds, unless you cant afford the 3 bed, why in gods name would you go for the 2 bed, you will get so much more longevity out of the 3 bed and eventually if you need more space, you wont have to pay all the costs involved with buying again (assuming you are happy in that area)...


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    #86
    audi12
    Banned (with Prison Access) Posts: 890 ✭✭✭audi12


    Idbatterim wrote: »
    They or rather "we" lost a fortune on those who took out trackers, they are losing money hand over fist, I cant ever see rates going down to that level again, so the 4.99% seems fairly decent in my opinion. Also the 3 bed semi d's are so much better value than the 2 beds, unless you cant afford the 3 bed, why in gods name would you go for the 2 bed, you will get so much more longevity out of the 3 bed and eventually if you need more space, you wont have to pay all the costs involved with buying again (assuming you are happy in that area)...

    Il tell you why they bought a 2 bed because they cant afford a 3 bed and are desperate to buy fine if you dont want a family but i assume some of those who bought 2 beds do want a family and will be stuck in the future ..

    The same thing happened in the book you cant allow for peoples stupidity


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    #87
    audi12
    Banned (with Prison Access) Posts: 890 ✭✭✭audi12


    boom sorry


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    #88
    stevedublin
    Registered Users Posts: 979 ✭✭✭stevedublin


    audi12 wrote: »
    we should all buy a house in ireland you dont have to pay your mortgage

    ...and people still whinge about the country. Some people just love misery!


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    #89
    audi12
    Banned (with Prison Access) Posts: 890 ✭✭✭audi12


    stevedublin wrote: »
    ...and people still whinge about the country. Some people just love misery!

    Exactly going on the late late crying about buying a house in cavan and big bad banks have the nerve to call them to get their money back


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    #90
    jellybear
    Registered Users Posts: 3,231 ✭✭✭jellybear


    jmayo wrote: »
    Positive news story :D
    Increasing house prices is not a positive news story for the economy or for the poor sods trying to buy an affordable home.

    It is only a positive news story for all the vested interests (home owners, landlords, speculators, developers, banks, government and media types) who are up to their necks in debt and hope that they can inflate another property bubble to get them out of the mess of the last one.

    Would you rather no one invested and we had another rake of ghost estates? They're built, better they sell them then leave them there idle. If people are foolish enough to buy or borrow above what they can realistically afford that's their issue, but yes I agree we may ultimately end up bailing them out one way another. I just hope people have learnt lessons from the last boom to bust period.

    I've been looking since January and am not going to settle and have seen much better value then what was on view at the weekend but a positive news story to me is a person/family finding their home and being able to call something their own, but maybe that's just too soppy for some.


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    #91
    gaius c
    Registered Users Posts: 3,528 ✭✭✭gaius c


    Idbatterim wrote: »
    They or rather "we" lost a fortune on those who took out trackers, they are losing money hand over fist, I cant ever see rates going down to that level again, so the 4.99% seems fairly decent in my opinion. Also the 3 bed semi d's are so much better value than the 2 beds, unless you cant afford the 3 bed, why in gods name would you go for the 2 bed, you will get so much more longevity out of the 3 bed and eventually if you need more space, you wont have to pay all the costs involved with buying again (assuming you are happy in that area)...

    Oh yes, I forgot to add a disclaimer re the casino being Irish banks in which case, it's like the tagline for that awful movie Alien V Predator.

    "Whoever wins...we lose."

    Sure the taxpayer will just pick up the tab anyway.


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