Oh.
Dave writes:
Looks like the bubble has popped. The new Central Bank mortgage guidelines is good news for first time buyers as sellers are having to drop their prices or risk missing the boat. 90% of all price changes on Daft/Myhome lately are now downwards…
Latest Price Changes (MyHome.ie)
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You can fool some of the people some of the time, but not all the people all of the time!
The notion that there was a property price surge was a classic example of vested interests using ‘The Big Lie’ technique…. and they’re still at it!
But there was a surge, because you know, prices went up up up and then too high and what we’re seeing is a correction.
Basic market economics
Most likely property will generally increase year by year. How much depends on a few simple things:
New properties built
Wages/available credit
Artificial property inflation/deflation would be in the form:
Planning Restrictions
Credit restrictions
Rent controls
PROPERTY TAX
All very negative in regards to a healthy property market, and the basic human right to ownership of private property
Ah, let Louis be angry.
‘Tis what he does.
‘Basic human right to ownership of private property’. I like how you slipped in a contentious, ideological position as a given.
Nonsense – The bad weather, we’ve had of late, is clearly keeping house buyers in.
Lol
Fantastic! Let’s hope they drop to a normal relation to wages.
You mean, let’s hope wages go back up to where they should be.
Well, that they balance out, whatever.
Brilliant, I’m gonna see how many mortgages I can get while they’re cheap!
Wow.
https://vine.co/v/MX69DUeiMv7
Class
Hardly a bubble. The increase in prices is moderating thanks to the changes to mortgage guidelines (which is their purpose).
Yay!!
Glad I bought last year. Didn’t buy during the boom because I was out partying and didn’t have the deposit money. Thank God for that foolishness.
Glad I bought last year. Didn’t buy during the boom because I was out partying and didn’t have the deposit money. Thank God for that foolishness.
Sucker !!
Well it turns out I may have to eat my words.
A taxi driver told me the other day that the smart money was moving out of houses and into offices. I sit in an office all day, haven’t seen much money.
an he gave all that up to drive taxis?
:)
He did say ‘smart’ though…
Soft landing all the same
‘Prices may RISE as well as FALL’
(The small print that’s no longer small.)
A lot of sales have been cash. That’s what drive prices back up. They will go higher, this drop is just because people which have seen there property shoot up again are starting to panic they’ll miss the buyer with because of the new rules. It’ll settle down and slowly rise.
You should settle down and slowly write :)
Elizabeth street, DRUMCONDRA, Dublin 3?
Hold off buying for 12 months. It’s going to keep dropping – or so I’m told by one who hasn’t been wrong yet.
Our Lord and Saviour Jesus Christ?
A lot more to drop before house prices hit “Reality”
A taxi driver told me they are going to go down and then go back up again before coming down a bit again
Probably picked up his last fair at Oracle in Dublin 3