14 thoughts on “Trad Hut Price Bubble

    1. ahyeah

      Basic business strategy – if nobody wants to buy what you’re selling, whack up the price. Don’t see what all the fuss is about.

  1. Joe the Lion

    Enough room to play a banjo in there and probably a box accordion as well though not a button key one.

    So yes – a trad hut.

  2. Boba Fettucine

    Would it be reasonable to assume we’ll be seeing more of this sort of thing as a result of the new Central Bank rules? I.e. properties at the lower end of the market having their prices inflated as there will be increased demand owing to cap on borrowing % and multiples of salary? So the people who might previously have scraped/borrowed enough for a 2 or 3 bed will now all be fighting over the 1 beds, while larger properties are bought up by outside investors who now get exceptional rent returns because nobody can afford to buy?

    1. Tannoy

      no, the exact opposite. larger properties have crap rental returns (4-5%) compared to smaller homes of 1 or 2 beds (8-9%), so no, your attempt to get people to panic and decry a sensible cap on mortgage lending is way off.

  3. Sinabhfuil

    I bought a two-bedroom version of this place for £14,000 in 1983. Nice place – you could walk to work easily, cosy and snug – but not exactly roomy, though my next-door neighbours had brought up 11 children in theirs.
    It shows the insanity of the house price bubble that the price would have risen by such an inconceivable multiple. As far as I remember, my (freelance) salary at the time was around £18,000 a year. Pay hasn’t gone up that much, but house prices are floating way up there in fantasyland.

      1. Sinabhfuil

        1983. Not sure about my wages at the time, though, but they certainly weren’t the mini-micro-fraction of the loan amount that obtained for people getting mortgages later.

  4. Sinabhfuil

    Remember all this?

    http://www.universityworldnews.com/article.php?story=20090827175024545

    They got rid of the free university ok – “Into all this political mix, comes the affable Minister for Education and Science Batt O’Keeffe who says the taxpayer can no longer afford to subsidise free higher education” – but this line – “Getting rid of quangos is the new political blood sport in Ireland” – seems to have got lost somehow.

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