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How low can you go?

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    #32
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Mod Note: keep it civil please folks.


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    #33
    Cyrus
    Registered Users Posts: 20,096 ✭✭✭✭Cyrus


    Neon_Lights wrote: »
    What's your opinion on intrinsic value? Probably swaying to I like getting absolutely burned everywhere I go, but at least I'm living in Ireland

    The quality in Ireland is terrible, and supply curbed which leads to inflated house prices both on the rental and private sale markets. Politicians made the legislation to suit their personal portfolios. And now when people are screaming only is it a "real problem" get real

    current rental yields would suggest that property isnt overvalued at all.

    also people harking back to 2005 prices are forgetting that it was 12 years ago, at some point we will exceed those prices, thats natural.

    anyway you have yet to offer any context or support for your position


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    #34
    Neon_Lights
    Registered Users Posts: 1,426 ✭✭✭Neon_Lights


    Cyrus wrote: »
    current rental yields would suggest that property isnt overvalued at all.

    also people harking back to 2005 prices are forgetting that it was 12 years ago, at some point we will exceed those prices, thats natural.

    anyway you have yet to offer any context or support for your position

    Which is artificially controlled by tax policies and legislation. Which is also swayed in favour of REITs and Vulture Funds who can effectively set what prices they like for substandard property due to low supply and implementation of demand side policies. It's quite apparent we're being pillaged and it's a golden ticket. We're a nation of mugs for accepting it.


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    #35
    Cyrus
    Registered Users Posts: 20,096 ✭✭✭✭Cyrus


    Neon_Lights wrote: »
    Which is artificially controlled by tax policies and legislation. Which is also swayed in favour of REITs and Vulture Funds who can effectively set what prices they like for substandard property due to low supply and implementation of demand side policies. It's quite apparent we're being pillaged and it's a golden ticket. We're a nation of mugs for accepting it.

    you will be delighted when it all comes tumbling down as you predict....


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    #36
    Neon_Lights
    Registered Users Posts: 1,426 ✭✭✭Neon_Lights


    Cyrus wrote: »
    you will be delighted when it all comes tumbling down as you predict....

    I know, it'll put stress on credit despite controls and the government will have to open the floodgates, banks will find a way to start lending again willy nilly despite basel and solvency restrictions.


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    #37
    Day Lewin
    Registered Users Posts: 4,653 ✭✭✭Day Lewin


    So it still makes sense to buy as cheaply as you can.
    That house on Sundrive can't fail to appreciate, in my opinion.
    There must be something very wrong with it, for it to not have sold! (Drainage? Title?)
    I'd pounce on it meself, if I had the dosh.


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    #38
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Mod Note: Neon_Lights and Cyrus, take it to PM.


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    #39
    Neon_Lights
    Registered Users Posts: 1,426 ✭✭✭Neon_Lights


    Okey dokey I've made my point +1 on east wall BTW great value to be had


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