The Housing Market |
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McG
Moderator Group SISAO? What the hell is SISAO? Joined: 27 Jan 2008 Location: Christmas Island Status: Offline Points: 26989 |
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Posted: 13 May 2021 at 3:08pm |
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No doubt this will spell the end for the current government but you cant help but feel that there is now enough noise being made that something might be done.
What a joke of a country
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YBIG Table Quiz winner 2016 & 2017
AS YOU WERE McGx |
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Shedite
Jack Charlton Joined: 09 Dec 2011 Status: Offline Points: 9820 |
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McG
Moderator Group SISAO? What the hell is SISAO? Joined: 27 Jan 2008 Location: Christmas Island Status: Offline Points: 26989 |
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A myriad of issues. Mainly unaffordability and yes, the vultures.
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YBIG Table Quiz winner 2016 & 2017
AS YOU WERE McGx |
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theheff1989
Ray Houghton My name badge won a prize Joined: 08 May 2012 Location: Wexford Status: Offline Points: 4667 |
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The lads some it up.
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Shedite
Jack Charlton Joined: 09 Dec 2011 Status: Offline Points: 9820 |
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horsebox
Robbie Keane Born n bred in darndale. Joined: 03 Feb 2010 Location: Ireland Status: Offline Points: 34856 |
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All 1st hand, 2nd hand and apartments are being hoovered up by Vulture funds with heavy tax incentives. People aren't getting an opportunity to buy. The video clips above sums it up to be fair. |
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It was far across the sea,
When the devil got a hold of me, He wouldn't set me free, So he kept me soul for ransom. na na na na na na na na na na na na na na na na na. I'm a sailor man from Glasgow to |
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nvidic
Moderator Group Joined: 03 Aug 2010 Status: Offline Points: 18994 |
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In my own experience in the council its the FG members that block most things, talking out both sides of their mouth.
I used to work at the housing policy meetings, same councillors blocking things over and over on nimbyism grounds. Mainly elderly long serving councillors.
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ShamtheRam
Paul McGrath Joined: 05 Apr 2009 Location: Ireland Status: Online Points: 18142 |
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Last week was the straw that broke the camels back. The vulture funds snapping up housing and then the back slapping about the affordable housing at prices circa 400k...it shows how out of touch they truly are with people.
I'm 32, living at home, have a good job, decent savings and decided it's time to buy a house. I worked all through Covid so plenty of extra money at my disposal. Houses will be almost given away surely??... How wrong I was. Prices have gone up. Housing estates, certainly down this way have seen increased building and in some cases this has meant nice quiet estates have all been turned into nothing short of a favela, with every extra bit of concrete hijacked to have a house on it. I applied for a mortgage back in June and got accepted. What I got couldn't get me a fancy shed however, never mind a house. I saved my arse off in the interim 6 months and reapplied. Extra savings plus a raise at work. I'm thinking I'm looking at a decent increase here... I managed to show a projected increase of about an extra 12k for 2021 and my approved mortgage went up by.....4000 euro. I refuse to rent. Its a scam. Unfortunately it seems the housing market is an ever bigger scam. Its an absolute joke what people get away with. Estate agents have the power to literally make it up as they go along and take full advantage.
Edited by ShamtheRam - 13 May 2021 at 7:50pm |
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YBIG NPF founder and CEO
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Shedite
Jack Charlton Joined: 09 Dec 2011 Status: Offline Points: 9820 |
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Yeah the past year has been a disaster for people house hunting. Construction slowdown reduced supply, and people saving more boosted demand.
I know it’s tough to do but if ya can sit it out another year this temporary spike should resolve a bit
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horsebox
Robbie Keane Born n bred in darndale. Joined: 03 Feb 2010 Location: Ireland Status: Offline Points: 34856 |
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Why will everything be fine in a year?
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It was far across the sea,
When the devil got a hold of me, He wouldn't set me free, So he kept me soul for ransom. na na na na na na na na na na na na na na na na na. I'm a sailor man from Glasgow to |
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Il Principe
Davey Langan Joined: 30 Mar 2012 Status: Offline Points: 961 |
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why the obsession with buying a house, all you do is make the banks even richer
use all that money to start a business, educate yourself, invest etc renting is not a scam, it's gives people freedom, move whenever, no maintenance or hassle etc 30 year mortgage and then after that they sell the exact same house to some other poor sod for another 30 years, it is not a good investment, the interest you pay over that time could buy another house ffs more often than not you never even own the house, the bank does
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9fingers
Paul McGrath Ballymun Resident #MONKEANO Joined: 30 Jan 2010 Status: Offline Points: 16141 |
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They really really aren’t. What they are blocking is the handing over of public land to private developers in exchange for 20% “public housing”
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9fingers
Paul McGrath Ballymun Resident #MONKEANO Joined: 30 Jan 2010 Status: Offline Points: 16141 |
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I’ll sell my house tomorrow and rent it back for 3x times my mortgage
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Baldrick
Robbie Keane Peyton-tly Pedantic Joined: 18 Sep 2008 Location: Ireland Status: Offline Points: 32775 |
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Let’s tease this out a little. For arguments sake you are living in Dublin and you have rented all your life spending more money per month on rent than you would on your mortgage. In addition your rent goes up every year or two whereas your mortgage payment generally stays the same or May go down. Then when you retire you still have to pay rent even though your income may have halved if you are lucky. What would you propose For a 67 year old who has never bought.
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AKA pedantic kunt
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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Of course it won’t but how do you break it to a lad he will be living with his parents for a lot longer. You have to give him some hope and tell him it will be okay next year.
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t_rAndy
Robbie Keane Joined: 06 Feb 2008 Location: Ireland Status: Offline Points: 26236 |
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That doesn't really make sense sure rent is far higher then mortgage and you are at the mercy of landlords and increasing prices for the next 30-odd years and then what happens when you retire. Houses beside me are renting for 2.5 times what I'm paying per month for my home loan
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colemanY2K
Roy Keane Fresh minty breath Joined: 01 Mar 2010 Location: London Status: Offline Points: 14959 |
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That's a result of a lack of competition for ya.
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"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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MayoMark
Moderator Group The NEW angrier Freewheeler Joined: 27 Jan 2009 Location: Castlebar Status: Offline Points: 26322 |
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It all depends where in the country you live, but from my perspective it's a simple case of supply and demand. Like sham said above, he's saved a pile in the last 12 months. Unfortunately for sham he wasn't the only one, so the short supply is under even more pressure because loads of people now have enough of a deposit to get a mortgage. We are seeing crazy numbers here. Im talking 15% in the space of 6 weeks. 3 bed semis going for close to boom prices. Poxy 3 bed semis in a small village going for more than a nice 3 bed semi was going in a town less than 12 months ago.
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They finally did it man... They killed my f**kin' car...
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