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Opinions on when the next property crash may happen

veryangryman · 2017-04-26 12:30:56

Im thinking soonish, especially in the city. Basically if you were doing a wager now, do you think house X in city would be worth more or less in 5 years. For me, 20% less

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#422 05-12-2017 1:27pm
mloc123

Registered Users Posts: 9,454 ✭✭✭

Join Date: October 2005

Posts: 8991

Villa05 wrote: »

The criteria the banks apply is to have 200e per dependent child per month. That sum would not cover 1 week in the creche.

Stress tested at 2 % above the current rate is weak. Current rates are emergency rates, normal ecb rates would be 3 to 4 % above current rates.

Banks also stuck with trackers they thought they could get away with plus a liability for compensating those they were taken away from

Mortgage arrears from 2008 bust still a major problem for all banks.

Affordability in Dublin is worse than 2006. This is not sustainable and place huge pressure on taxpayers

Banks lent heavily to milk farmers in advance of milk quotas being abolished. That has the potential to backfire spectacularly. Higher production = lower prices plus the potential damage Brexit could do to there principle market

Creche fees are separate to the 200e per child amount. Creche fees are deducted from your ability to repay, the same as loan payments etc..

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