Softening house market?

I not getting aggressive I am mearly pointing out the inconsistency of what many are posting

Could we have a crash yes we could but we would need a lot more imbalance in the market for it to come to fruition.

Hypertension from the farming is enough to send him to the grave let alone boards.ie

When was the last time you saw an eviction ban in Ireland and the government offering money to stop companies going to the wall, not to mention hundreds of euro to everyone to pay their energy bills? Good times ahead eh?

ooh err

There is no hypertension actually I never even get stressed. I was born naked and with nothing. In the end I will be buried with nothing.

In-between what I have done or not done is immaterial. I passed my sixtieth birthday this year. I was send off into this wild wonderful world at 15 years of age with an education and playing pocket billiards

Anything I have in this life I earned. I am retired with four years in the New year. Well actually semi retired. Has God been good to me yes. Have I failings, yes. Am I modest No.

Do I suffer from hypertension, I doubt it says Crocker. Do I spend too long on Boards, undoubtedly.

I am open about where I am in life others are not. Tell me about yourself. Be open. Do you suffer from hypertension. Are you worried.

There are people wealthier than me, people better off. Are they happy. I have a sense of happiness.

DO YOU

The lack of supply issue will never be solved here now. It has run too far ahead of us. There is neither the money, nor the ability to solve it at this point. They will always be playing catchup.

All I am saying is there no point spitting feathers and loosing sleep over it. Have an argument/debate, but no need to turn into a red tomato. We can all gauge the posters mood based on how they are writing.

As for your “predicting hurt and pain”, do you believe that Ireland will never go into recession ever again ? I personally believe in the boom and bust cycle, we may have one tomorrow, next year or 5 years from now, we just don’t know. I also believe each recession is different and the next one could not even affect the property market. Nobody knows.

Looks to me that at the end of the day all Bass is doing is pointing out that if there is a crash to come it will be for different reasons than the last one. Personally, I think he is right. I dont get the attacking and winding up of people for being up at 2am etc. Seems to be a bit personal there.

You maybe right but the demand side may dissipate, I can see a swarth of people leaving college over the next decade not staying in the country. The powers that be have more or less given them the 2 finger salute with regards to being housed here either by renting or buying. Why would you stay here , your taxed at such a high rate and at such a low point, every thing you buy and do almost incurs more tax and we have a nation of gougers who will up prices all the time blaming external factors and forget to bring them back down when the external forces are gone. So instead of the supply side up-ticking the demand may drop off a cliff in the next decade. We have sold our kids futures along with the idea of having any kind of stable public services to vulture funds, REITS, Welfare, Bankers. the construction industry, Refugees and to the public sector pay and pensions. The average Joe is last in the list. The spending this country is doing and has been doing over the last 5/6 years is based on an annual repeat performance of MNCs corpo tax take and if one of two of the big guys find a sweeter deal than ours then we may all jump on a plane. Anyone thinking we are not going to see a recession in this country is bonkers we are too open an economy not to feel it.

Yes, I think prices will rise well beyond the modest amount politicians are predicting. However at the same time there is a desperate need for new units in the market which, when built, will slow down price rises. However this slowing down is a secondary effect of increased building and will take a few years to kick in.

purely unscientific question, is anyone here living near what would have been classed as a 'ghost estate' after the last crash?

has it been completed since?

I was driving the other day, (north cork) and it occured to me that there wasnt any in my locality, indeed the only one I remember passing in recent times is the one on the right hand side between Firies and Dingle.

Yes, can't increase the rate of building without in the short term raising prices. Whatever benefit from that increased supply comes later.

They are still expected to compete with corporate landlords & the government for the same meagre bit of artificially limited through zoning laws housing stock. The whole system is gone silly, can we get back the 70's and 80s where you could buy a house for 10k and be done with it?

But it is true. All of these companies are not going to shut up shop. Even if they do, most of the employees are not going to leave the country and will need somewhere to live If the apocalypse happened and they all emigrated there is still an endless supply of people already looking for somewhere to live. And more arriving every day.

I know people like to play up the spectre of mass emigration but it is never as high as you think it will be. about 50% of my class emigrated (including myself) in the 80s when we finished school. 95% of us were back within a year or two. Things arent always rosey over the hedge when you get there.

There are just not enough houses in Ireland. The only place money is going to come to build them is the middle income tax payer. You cant get much more blood from that stone. Then you need people to build them. And you need to build them at an astonishing rate to catch up now. Never gonna happen. There was a time when you could have caught up, but that has long passed.