Softening house market?

That's fine Bass. You've already displayed many times that you don't understand basic economics. We'll leave it at that.

The down turn was certainly not just one sector unless you call the sector employment. If you think the only sector was construction you weren't an adult at the time. People really don't get price and quantity of sales where talking about house prices. Very Very few people bought at the peak prices hence a crash. Yet when we talk house prices that peak price is often used.

When you say plenty of people got bargains how many are you talking about? There were not many sales and you would have to exclude thoses selling up and buying another property. Were these bargain baggers people who actually saved and waited for the right moment to pounce or just lucky? Their mortgages were also at a higher rate with no access to trackers so cost more to repay.

It really doesn't matter because they are outweighed by the people who had all these plans to pick up a bargain and failed. They weren't just waiting from 2007 they were waiting from 2002 and earlier. So for those people the gamble was huge and didn't pay off. Many were renting all that time so any savings on house purchases was minimum when all things considered. Wait 10 years to buy by al means but don't kid yourself it isn't a gamble.

You are correct about inflation based on house prices and deposits saved if you buy a property. The key being "if" and it also only applies to buying in Ireland and not general value of your money. That is a lot of gambling which everyone is free to do but many don't understand it is a gamble nor understand all the details to calculate if they saved money or not. As I said many people bought cars with mortgages because they heard it was cheaper than a car loan but never understood they had to pay it off as quickly as a car loan. There are people who have been paying for the car they no longer have for over a decade now. That is why these discussions are dangerous to the ill informed as they get support to take risks they don't understand.

I know the word is that we are at Celtic tiger prices in Dublin specifically. What were prices like for your typical three bed semis in the commuter belt during the boom?

For example are prices now the exact same as they were back at the peak of the boom in that type of property?

DNG bumped a couple dozen of their properties in Stillorgan/Dundrum/Sandyford today, which I've never seen happen all at once before.

Of course, I've also no idea what - if anything - that means, so go about your business 😁

Bumped = took down and put up a fresh listing..? Or just sent out an email shot..?

We will know today what the latest interest rate hike is from the ECB.

Most people think it will be from 0.5% - 0.75%

Bidx1 are already at 11 pages listed with an auction scheduled till 29th September. I have never seen it as long before and certainly not 3 weeks before the auction.

My parents got the house re-wired, painted and carpeted, as well as replacing all internal doors, recently - for far less than 100k. That was in South County Dublin.

Listed as Glenageary, right? Saw that and thought it was telling - not a terrible price now, given the location.

the whole structure of the eu, in particular the euro, is a train wreck, raising rates will do nothing to elevate supply side lead inflation, but will make servicing debts even harder, what a train wreck! qe was always designed to support asset owners, and ta hell with everyone else, this is and will ultimately fail, we need a radically different approach, particularly for sme's and households, and as it stands, a significant rise in public borrowing is required throughout the eu, for this to occur, but this requires eu wide agreements, similar to what occurred during covid, but this may never occur!

There are some saying a full 1% and with the Euro dropping below 99cent you never know?

yes, but it is truly the only way out of primarily supply side driven inflation, squeezing the money supply will just make matters much worse as less and less money circulates the economy, forcing businesses to close, and unemployment to rise, this in turn makes it far more difficult in servicing debts in both the public and private domains, baring in mind, it was primarily excess private debt that triggered the 08 crash, and by increasing unemployment, this problems will more than likely raise its head again, as it increases the likelihood of non preforming loans and defaults!

again, our current inflationary pressures are not demand side driven, i.e. excess money, but primarily supply side driven, if both public and private sector borrowing decreases at the same time, it significantly increases the likelihood of the above occurring!

Wanderer it cant be afforded, it just cant if we borrow more it means paying back more Ireland are small bananas when it comes to global finances we have given ourselves a status of importance due to the number of high tech and phama companies coming here for the tax deals but lets be clear we could borrow another 240Billion and if Russia, Gemany, UK and US continue on the path that those countries are already on we as a country will be no better off no matter how much we borrow Ireland is too open and exposed to other bigger countries finances than any other. If we lose 2/3 of the big companies in here Ireland is going to be in an even bigger sh1tstorm. Ireland is of no significance to these behemoths and they will do what they think is right for their country no matter what pain it inflicts on other countries. Case in point the bailout of 08 German bond holders had Irish debt but we were told we could not default on these boyos and had to pay for other peoples gamble. Now the German economy (in particular their manufacturing) is on the lamb and the whole of the EU is supposed to deal with rolling blackouts to keep these lads afloat.

This countries money spenders have shown they are unable to do the job properly time and time again its in our faces (HSE, Housing, access to disability, transport, Infrastructure, etc, etc the list goes on and on) and giving them more money to throw on to the bonfire is the wrong way to go. If they had a proven track record of sound and steady spending I would say maybe but not when we are already 240 billion in debt or the third most indebted country per capita in the world, Ireland should not be looking for the gold medal when it comes to borrowing.

The Euro is being mauled out in the currency market they had to do something. I am surprised they did not go the full 1% and can see another increase in December