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Post Options Post Options   Thanks (0) Thanks(0)   Quote Claret Murph Quote  Post ReplyReply Direct Link To This Post Topic: The Irish economy
    Posted: 02 Dec 2020 at 11:19am
Originally posted by MayoMark MayoMark wrote:

It's approval, not drawdowns, which is why it will have a massive impact on demand.

RE Geographical spread, I think so. We are seeing plenty of evidence of it here. People coming from Dublin, Galway, Sligo etc to work from home. Both renting and buying. Could be great for smaller towns and villages around the country. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MayoMark Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2020 at 10:11am
It's approval, not drawdowns, which is why it will have a massive impact on demand.

RE Geographical spread, I think so. We are seeing plenty of evidence of it here. People coming from Dublin, Galway, Sligo etc to work from home. Both renting and buying. Could be great for smaller towns and villages around the country. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote t_rAndy Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2020 at 9:49am
Is that approved mortgages in principle though?

How many will be able to actually get a suitable house though for what they were approved I wonder? One thing being approved but still a long way to go to being able to find somewhere, win the bidding war and actually draw down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2020 at 9:48am
Originally posted by sausy sausy wrote:

Originally posted by MayoMark MayoMark wrote:

There was definitely an impact during the first lockdown but the second one hasn't affected it at all. A good sign generally as there is still good sentiment /confidence but not good for buyers that demand will increase so much 
 
I wonder if geographical demand will change with people working from home and the view that our ways of working have changed forever. No doubt Daft will have a report out soon enough.

It’s definitely happening in London.
A lot of people are realising their small flats/houses don’t really work when one or both parents are working from home.

Big demand for houses just outside.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote sausy Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2020 at 9:23am
Originally posted by MayoMark MayoMark wrote:

There was definitely an impact during the first lockdown but the second one hasn't affected it at all. A good sign generally as there is still good sentiment /confidence but not good for buyers that demand will increase so much 
 
I wonder if geographical demand will change with people working from home and the view that our ways of working have changed forever. No doubt Daft will have a report out soon enough.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JUICEBOMB Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 11:16pm
Originally posted by Shedite Shedite wrote:

Originally posted by MayoMark MayoMark wrote:

Mad stat today that there were more mortgage approvals in November since they started keeping records in 2011.

Stemming from people being able to save more during the pandemic. But because there has still been f**k all built, supply dwindles while demand sky rocket
I heard that alright. It's total mortgages so includes everyone that is moving and also those doing extensions, it's a great sign alright.

I've seen it at work that mortgges weren't really affected by this crisis. The main people affected by this crisis (tourism workers, bar staff, shop assistants) weren't the type buying houses. Most of those on PUP were under 30

There was a lot of people still working during the lockdown when there job had actually closed....childcare workers,hairdressers etc so these people were still earning and getting the PUP payment...goes along way to helping to get the deposit up.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MayoMark Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 8:21pm
There was definitely an impact during the first lockdown but the second one hasn't affected it at all. A good sign generally as there is still good sentiment /confidence but not good for buyers that demand will increase so much 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shedite Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 7:48pm
Originally posted by MayoMark MayoMark wrote:

Mad stat today that there were more mortgage approvals in November since they started keeping records in 2011.

Stemming from people being able to save more during the pandemic. But because there has still been f**k all built, supply dwindles while demand sky rocket
I heard that alright. It's total mortgages so includes everyone that is moving and also those doing extensions, it's a great sign alright.

I've seen it at work that mortgges weren't really affected by this crisis. The main people affected by this crisis (tourism workers, bar staff, shop assistants) weren't the type buying houses. Most of those on PUP were under 30
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MayoMark Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 5:15pm
Mad stat today that there were more mortgage approvals in November since they started keeping records in 2011.

Stemming from people being able to save more during the pandemic. But because there has still been f**k all built, supply dwindles while demand sky rockets


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Post Options Post Options   Thanks (0) Thanks(0)   Quote pre Madonna Quote  Post ReplyReply Direct Link To This Post Posted: 19 Apr 2020 at 12:12pm
Originally posted by JUICEBOMB JUICEBOMB wrote:

Originally posted by McG McG wrote:

Any return to a semblance of normality will be long overdue come May 5th but it will just bring an inevitable flair up in cases again.
 I think in the next week or so we will see a more laissez faires attitude from communities as people start gathering again (small numbers with family etc) as we just get to grips witu the idea that it’s simply not going away until we all get a jab in the arm. 

What will happen with the crèches? 


I’d imagine crèches and infants will be the last to return as they can’t social distance....collages and secondary schools will go back early enough if they want the leaving cert etc done in July ...I’m guessing they’ll go back mid June.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ringerbell Quote  Post ReplyReply Direct Link To This Post Posted: 19 Apr 2020 at 12:09pm
Originally posted by JUICEBOMB JUICEBOMB wrote:

Originally posted by McG McG wrote:

Any return to a semblance of normality will be long overdue come May 5th but it will just bring an inevitable flair up in cases again.
 I think in the next week or so we will see a more laissez faires attitude from communities as people start gathering again (small numbers with family etc) as we just get to grips witu the idea that it’s simply not going away until we all get a jab in the arm. 

What will happen with the crèches? 


I’d imagine crèches and infants will be the last to return as they can’t social distance....collages and secondary schools will go back early enough if they want the leaving cert etc done in July ...I’m guessing they’ll go back mid June.

The sensible thing to do would be to tell all secondary school students that aren't exam years that they finished up and see you in September. 

Can see the likes of restaurants and non essential shops opening first as they can implement social distancing easy and can also operate with reduced opening times if needed
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JUICEBOMB Quote  Post ReplyReply Direct Link To This Post Posted: 19 Apr 2020 at 1:41am
Originally posted by McG McG wrote:

Any return to a semblance of normality will be long overdue come May 5th but it will just bring an inevitable flair up in cases again.
 I think in the next week or so we will see a more laissez faires attitude from communities as people start gathering again (small numbers with family etc) as we just get to grips witu the idea that it’s simply not going away until we all get a jab in the arm. 

What will happen with the crèches? 


I’d imagine crèches and infants will be the last to return as they can’t social distance....collages and secondary schools will go back early enough if they want the leaving cert etc done in July ...I’m guessing they’ll go back mid June.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote McG Quote  Post ReplyReply Direct Link To This Post Posted: 19 Apr 2020 at 12:49am
Any return to a semblance of normality will be long overdue come May 5th but it will just bring an inevitable flair up in cases again.
 I think in the next week or so we will see a more laissez faires attitude from communities as people start gathering again (small numbers with family etc) as we just get to grips witu the idea that it’s simply not going away until we all get a jab in the arm. 

What will happen with the crèches? 


Edited by McG - 19 Apr 2020 at 12:50am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 9fingers Quote  Post ReplyReply Direct Link To This Post Posted: 19 Apr 2020 at 12:41am
May 5th is going ahead as the first step back to normality.
It’s phased but good to see a little light at the end of the tunnel 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JUICEBOMB Quote  Post ReplyReply Direct Link To This Post Posted: 19 Apr 2020 at 12:31am
Originally posted by Pipkin Pipkin wrote:

Originally posted by daithi daithi wrote:

Not a snowballs chance in hell will this happen in Irish locals LOL

Not so sure Daithi. Seeing pubs operating delivery services for food nearby - now not ‘local’ pubs but publicans will do anything to reopen and can see this as only potential solution in short term.

One problem with reopening is that half the country will want to pile into the pubs. Need to ban bandwagon jumpers 


I’d say the government are sh*tting themselves over this...the ramp back up to normality will be very very slow because as you say half the country will pile into pubs,airports to get away etc.its gonna be extremely hard to do it anyway,I can’t see them allowing 50 people in,what will happen if others want to get in....wait till people inside come out???i also see that there’s a covid 19 induction going around for construction workers.the induction is sent to your phone and you complete it,it then gives you a barcode on your phone when you complete it allowing access to site.going by that...I’d imagine that they’ll get the construction sector back asap.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Pipkin Quote  Post ReplyReply Direct Link To This Post Posted: 18 Apr 2020 at 8:33pm
Originally posted by daithi daithi wrote:

Not a snowballs chance in hell will this happen in Irish locals LOL

Not so sure Daithi. Seeing pubs operating delivery services for food nearby - now not ‘local’ pubs but publicans will do anything to reopen and can see this as only potential solution in short term.

One problem with reopening is that half the country will want to pile into the pubs. Need to ban bandwagon jumpers 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shedite Quote  Post ReplyReply Direct Link To This Post Posted: 18 Apr 2020 at 8:24pm
Originally posted by MayoMark MayoMark wrote:

I think a lot of domestic holidaying is on the cards alright, which is fine by me. We live in an amazing country and frankly i would love to have done more of it. But it is bloody expensive doing w decent holiday in Ireland 
Is it expensive because you expect to spend less tho? My family holdiay for 4 to Spain this year was gonna knock me back about 2,200 - I'd be getting a lot for that over here. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote eboue16 Quote  Post ReplyReply Direct Link To This Post Posted: 18 Apr 2020 at 7:59pm
Originally posted by MayoMark MayoMark wrote:

I think a lot of domestic holidaying is on the cards alright, which is fine by me. We live in an amazing country and frankly i would love to have done more of it. But it is bloody expensive doing w decent holiday in Ireland 

Can't wait to finally get to go home and find the place riddled with Jackeens
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